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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest Income:        
Interest and fees on loans and leases $ 5,011 $ 4,857 $ 9,923 $ 9,662
Interest and dividends on investment securities: Taxable 759 739 1,494 1,449
Interest and dividends on investment securities: Exempt from federal taxes 346 275 688 551
Interest on cash and cash equivalents 15 6 22 17
Total interest and dividend income 6,131 5,877 12,127 11,679
Interest Expense:        
Interest on NOW, money market and savings 153 132 302 287
Interest on time deposits 98 194 207 417
Interest in brokered deposits 26 5 50 5
Interest on FHLB advances 197 149 391 295
Interest on repurchase agreements 10 9 19 19
Interest on junior subordinated debentures 73 73 147 146
Interest on Subordinated Debt 104   134  
Interest on other borrowings 17 19 34 37
Total interest expense 678 581 1,284 1,206
Net interest income 5,453 5,296 10,843 10,473
Provision for credit losses 415 255 715 630
Net interest income after provision for credit losses 5,038 5,041 10,128 9,843
Non-interest Income:        
Service charges 272 302 568 632
Wealth management 422 325 774 636
Mortgage banking 51   89  
Increase in cash surrender value of BOLI 56 57 111 115
Gains on sale of investment securities, net 11 102 64 337
Gain on sale of loans 185   416  
Other fees 341 328 651 613
Total non-interest income 1,338 1,114 2,673 2,333
Non-interest Expense:        
Salaries and employee benefits 2,638 2,472 5,282 4,975
Furniture and equipment 303 332 605 663
Occupancy 466 521 1,069 1,140
Professional and consulting 261 306 589 624
Advertising and marketing 170 196 339 351
Printing and supplies 39 48 87 87
FDIC insurance 124 120 247 232
PA shares tax 151 150 301 300
Telecommunications 60 63 121 120
Postage 22 22 45 42
Loss on sale or write down of OREO, net   1   7
Other expenses 490 443 863 827
Total non-interest expense 4,724 4,674 9,548 9,368
Income before income tax expense 1,652 1,481 3,253 2,808
Income tax expense 417 361 766 684
Net income 1,235 1,120 2,487 2,124
Preferred stock dividends and accretion of discount 8 33 34 70
Net income available to Common Shareholders $ 1,227 $ 1,087 $ 2,453 $ 2,054
Earnings per common share:        
Basic $ 0.44 $ 0.39 $ 0.88 $ 0.74
Diluted 0.43 0.38 0.86 0.73
Cash dividends per common share $ 0.07 $ 0.07 $ 0.14 $ 0.14
Weighted average common shares outstanding:        
Basic 2,802,292 2,763,079 2,794,283 2,760,658
Diluted 2,847,638 2,809,851 2,840,380 2,806,164