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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest Income:        
Interest and fees on loans and leases $ 5,083 $ 4,948 $ 15,006 $ 14,610
Interest and dividends on investment securities: Taxable 714 671 2,208 2,120
Interest and dividends on investment securities: Exempt from federal taxes 354 275 1,042 826
Interest on cash and cash equivalents 10 11 32 28
Total interest and dividend income 6,161 5,905 18,288 17,584
Interest Expense:        
Interest on NOW, money market and savings 148 121 450 408
Interest on time deposits 84 149 291 566
Interest in brokered deposits 68 23 118 28
Interest on FHLB advances 198 148 589 443
Interest on repurchase agreements 16 10 35 29
Interest on junior subordinated debentures 77 75 224 221
Interest on Subordinated Debt 103   237  
Interest on other borrowings 17 18 51 55
Total interest expense 711 544 1,995 1,750
Net interest income 5,450 5,361 16,293 15,834
Provision for credit losses 100 300 815 930
Net interest income after provision for credit losses 5,350 5,061 15,478 14,904
Non-interest Income:        
Service charges 292 303 860 935
Wealth management 317 343 1,091 979
Mortgage banking 38 30 127 30
Increase in cash surrender value of BOLI 57 58 169 174
Gains on sale of investment securities, net 10 86 74 423
Gain on sale of loans     416  
Other fees 323 307 973 919
Total non-interest income 1,037 1,127 3,710 3,460
Non-interest Expense:        
Salaries and employee benefits 2,615 2,431 7,897 7,406
Furniture and equipment 303 311 908 974
Occupancy 431 497 1,500 1,637
Professional and consulting 317 296 906 920
Advertising and marketing 141 149 480 500
Printing and supplies 35 42 122 129
FDIC insurance 129 123 376 355
PA shares tax 151 151 452 451
Telecommunications 63 68 184 188
Postage 20 17 65 59
Loss on sale or write down of OREO, net 154   154 7
Other expenses 400 447 1,263 1,274
Total non-interest expense 4,759 4,532 14,307 13,900
Income before income tax expense 1,628 1,656 4,881 4,464
Income tax expense 359 427 1,125 1,111
Net income 1,269 1,229 3,756 3,353
Preferred stock dividends and accretion of discount 8 33 42 103
Net income available to Common Shareholders $ 1,261 $ 1,196 $ 3,714 $ 3,250
Earnings per common share:        
Basic $ 0.45 $ 0.43 $ 1.33 $ 1.18
Diluted 0.44 0.43 1.31 1.16
Cash dividends per common share $ 0.07 $ 0.07 $ 0.21 $ 0.21
Weighted average common shares outstanding:        
Basic 2,806,549 2,769,451 2,798,360 2,763,597
Diluted 2,852,237 2,816,703 2,844,319 2,809,691