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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INTEREST AND DIVIDEND INCOME        
Loans, Including Fees $ 15,492 $ 14,670 $ 30,020 $ 29,508
Investment Securities:        
Taxable 2,860 2,844 5,637 5,148
Dividends 9 27 37 54
Other Interest and Dividend Income 399 1,398 912 2,216
TOTAL INTEREST AND DIVIDEND INCOME 18,760 18,939 36,606 36,926
INTEREST EXPENSE        
Deposits 5,721 7,065 11,833 13,056
Short-Term Borrowings 108 0 131 0
Other Borrowings 391 404 792 808
TOTAL INTEREST EXPENSE 6,220 7,469 12,756 13,864
NET INTEREST AND DIVIDEND INCOME 12,540 11,470 23,850 23,062
NET INTEREST AND DIVIDEND INCOME AFTER NET PROVISION (RECOVERY) FOR CREDIT LOSSES 12,532 11,506 23,882 23,135
NONINTEREST INCOME        
Net Gain on Sales of Loans 26 9 49 30
Net Loss on Securities 0 (31) (69) (197)
Net Gain on Purchased Tax Credits 4 12 7 25
Net Gain on Disposal of Premises and Equipment 0 0 0 274
Income from Bank-Owned Life Insurance 148 147 297 295
Net Gain on Bank-Owned Life Insurance Claims 0 0 0 915
Other Income 127 174 282 406
TOTAL NONINTEREST INCOME 931 688 1,718 2,604
NONINTEREST EXPENSE        
Salaries and Employee Benefits 5,088 4,425 11,124 9,001
Occupancy 616 940 1,366 1,689
Equipment 372 298 702 562
Data Processing 761 1,011 1,558 1,703
Federal Deposit Insurance Corporation Assessment 203 161 379 290
Pennsylvania Shares Tax 143 297 400 595
Contracted Services 382 390 692 671
Legal and Professional Fees 117 208 378 420
Advertising 124 78 242 206
Other Real Estate Owned 1 37 2 14
Amortization of Intangible Assets 0 264 0 605
Other Expense 941 875 1,706 1,656
TOTAL NONINTEREST EXPENSE 8,748 8,984 18,549 17,412
Income Before Income Tax Expense 4,715 3,210 7,051 8,327
Income Tax Expense 766 560 1,193 1,480
NET INCOME $ 3,949 $ 2,650 $ 5,858 $ 6,847
EARNINGS PER SHARE        
Basic (in dollars per share) $ 0.79 $ 0.52 $ 1.15 $ 1.33
Diluted (in dollars per share) $ 0.74 $ 0.51 $ 1.09 $ 1.33
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 5,022,813 5,142,139 5,073,911 5,136,021
Diluted (in shares) 5,332,026 5,152,657 5,387,924 5,151,188
Loans        
INTEREST EXPENSE        
(Recovery) Provision for Credit Losses - Loans $ (136) $ 12 $ (68) $ (130)
Unfunded Commitments        
INTEREST EXPENSE        
(Recovery) Provision for Credit Losses - Loans 144 (48) 36 57
Service Fees        
NONINTEREST INCOME        
Revenue from contract with customer, excluding assessed tax 559 354 1,021 769
Insurance Commissions        
NONINTEREST INCOME        
Revenue from contract with customer, excluding assessed tax 1 1 2 3
Other Commissions        
NONINTEREST INCOME        
Revenue from contract with customer, excluding assessed tax $ 66 $ 22 $ 129 $ 84