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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest Income:    
Interest and fees on loans $ 9,882 $ 9,521
Interest and dividends on investment securities: Taxable 793 697
Interest and dividends on investment securities: Exempt from federal taxes 217 242
Interest on cash and cash equivalents 21 34
Total interest and dividend income 10,913 10,494
Interest Expense:    
Interest on NOW, money market and savings 830 484
Interest on time deposits 325 301
Interest on brokered deposits 199 92
Interest on FHLB advances 301 169
Interest on repurchase agreements 6 6
Interest on junior subordinated debentures 105 92
Interest on subordinated debt 104 104
Interest on other borrowings 16 14
Total interest expense 1,886 1,262
Net interest income 9,027 9,232
Provision for credit losses 375 325
Net interest income after provision for credit losses 8,652 8,907
Non-interest Income:    
Service charges 313 363
Wealth management 435 374
Mortgage banking 61 36
Increase in cash surrender value of BOLI 52 55
Gains from insurance proceeds   80
Other fees 412 398
Total non-interest income 1,273 1,306
Non-interest Expense:    
Salaries and employee benefits 3,772 3,641
Furniture and equipment 489 496
Occupancy 697 719
Professional and consulting 403 393
Advertising and marketing 182 166
Printing and supplies 53 50
FDIC insurance 118 195
PA shares tax 242 225
Telecommunications 81 90
Postage 41 35
Gain on sale or write down of OREO, net   (1)
Due diligence and merger expense   51
Other expenses 652 685
Total non-interest expense 6,730 6,745
Income before income tax expense 3,195 3,468
Income tax expense 582 1,027
Net income $ 2,613 $ 2,441
Earnings per common share:    
Basic $ 0.61 $ 0.57
Diluted 0.61 0.57
Cash dividends per common share $ 0.07 $ 0.07
Weighted average common shares outstanding:    
Basic 4,290,971 4,246,593
Diluted 4,308,847 4,274,209