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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest Income:        
Interest and fees on loans $ 11,137 $ 10,588 $ 33,785 $ 30,634
Interest and dividends on investment securities: Taxable 630 754 2,253 2,409
Interest and dividends on investment securities: Exempt from federal taxes 207 219 634 654
Interest on cash and cash equivalents 271 74 452 140
Total interest and dividend income 12,245 11,635 37,124 33,837
Interest Expense:        
Interest on NOW, money market and savings 1,161 998 3,321 2,822
Interest on time deposits 1,014 579 2,758 1,237
Interest on brokered deposits 494 457 1,697 1,070
Interest on FHLB advances 138 199 508 739
Interest on repurchase agreements   2   14
Interest on junior subordinated debentures 122 122 378 340
Interest on subordinated debt 104 104 311 311
Interest on other borrowings 9 23 35 58
Total interest expense 3,042 2,484 9,008 6,591
Net interest income 9,203 9,151 28,116 27,246
Provision for credit losses 325 100 625 850
Net interest income after provision for credit losses 8,878 9,051 27,491 26,396
Non-interest Income:        
Increase in cash surrender value of BOLI 55 54 160 158
Gain on sale of investment securities, net 121   125  
Gain on sale of loans   27   37
Gains from insurance proceeds   8   8
Total non-interest income 1,483 1,371 4,101 3,976
Non-interest Expense:        
Salaries and employee benefits 3,602 3,709 11,240 11,742
Furniture and equipment 548 564 1,752 1,603
Occupancy 653 656 2,005 1,987
Professional and consulting 411 484 1,428 1,311
Advertising and marketing 97 182 517 568
FDIC insurance (7) 123 202 363
PA shares tax 259 242 779 727
Telecommunications 89 89 267 254
Loss on sale or write down of OREO, net 15 11 165 151
Transaction costs 362   881  
Other expenses 707 713 2,290 2,337
Total non-interest expense 6,736 6,773 21,526 21,043
Income before income tax expense 3,625 3,649 10,066 9,329
Income tax expense 755 629 2,022 1,647
Net income $ 2,870 $ 3,020 $ 8,044 $ 7,682
Earnings per common share:        
Basic $ 0.66 $ 0.70 $ 1.86 $ 1.79
Diluted 0.66 0.70 1.86 1.78
Cash dividends per common share $ 0.07 $ 0.07 $ 0.21 $ 0.21
Weighted average common shares outstanding:        
Basic 4,334,649 4,307,402 4,331,026 4,298,987
Diluted 4,341,010 4,317,553 4,335,792 4,313,638
Service Charges [Member]        
Non-interest Income:        
Non-interest Income $ 251 $ 274 $ 788 $ 848
Wealth Management [Member]        
Non-interest Income:        
Non-interest Income 514 542 1,488 1,489
Mortgage Banking [Member]        
Non-interest Income:        
Non-interest Income 70 56 216 193
Other Fees [Member]        
Non-interest Income:        
Non-interest Income $ 472 $ 410 $ 1,324 $ 1,243