XML 20 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Interest and Dividend Income:    
Interest and fees on loans $ 41,851 $ 39,254
Interest and dividends on investment securities: Taxable 3,220 2,983
Interest and dividends on investment securities: Exempt from federal taxes 874 938
Interest on cash and cash equivalents 230 210
Total interest and dividend income 46,175 43,385
Interest Expense:    
Interest on NOW, money market and savings 3,862 2,289
Interest on time deposits 1,982 1,257
Interest on brokered deposits 1,662 538
Interest on FHLBP advances 887 752
Interest on repurchase agreements 15 28
Interest on junior subordinated debentures 465 386
Interest on subordinated debt 414 414
Interest on other borrowings 84 56
Total interest expense 9,371 5,720
Net interest income 36,804 37,665
Provision for credit losses 1,200 1,660
Net interest income after provision for credit losses 35,604 36,005
Non-interest Income:    
Increase in cash surrender value of BOLI 216 223
Gains on sale of investment securities, net   50
Gains on sale of loans 38 153
Gain from insurance proceeds 8 203
Total non-interest income 5,245 5,418
Non-interest Expense:    
Salaries and employee benefits 15,552 15,204
Furniture and equipment 2,166 2,065
Occupancy 2,629 2,679
Professional and consulting 1,739 1,922
Advertising and marketing 711 755
Printing and supplies 212 231
FDIC insurance 479 602
PA shares tax 965 867
Telecommunications 339 350
Loss on sale or write down of OREO, net 171 121
Due diligence and merger expense   77
Other expenses 2,912 3,148
Total non-interest expense 27,875 28,021
Income before income tax expense 12,974 13,402
Income tax expense 2,290 5,456
Net income $ 10,684 $ 7,946
Earnings per common share:    
Basic $ 2.48 $ 1.87
Diluted 2.48 1.85
Cash dividends per common share $ 0.28 $ 0.28
Weighted average common shares outstanding:    
Basic 4,303,410 4,260,137
Diluted 4,315,324 4,290,070
Service Charges [Member]    
Non-interest Income:    
Non-interest Income $ 1,119 $ 1,223
Wealth Management [Member]    
Non-interest Income:    
Non-interest Income 1,955 1,713
Mortgage Banking [Member]    
Non-interest Income:    
Non-interest Income 243 148
Other Fees [Member]    
Non-interest Income:    
Non-interest Income $ 1,666 $ 1,705