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CONSOLIDATED STATEMENT OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
INTEREST AND DIVIDEND INCOME:    
Loans, including fees $ 8,813 $ 6,768
Investment securities:    
Taxable 1,458 1,443
Tax-exempt 931 1,267
Dividend and other interest income 127 62
TOTAL INTEREST AND DIVIDEND INCOME 11,329 9,540
INTEREST EXPENSE:    
Deposits 758 791
Short-term borrowings 15 25
Long-term borrowings 469 519
TOTAL INTEREST EXPENSE 1,242 1,335
NET INTEREST INCOME 10,087 8,205
PROVISION FOR LOAN LOSSES 485 500
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 9,602 7,705
NON-INTEREST INCOME:    
Service charges 595 442
Securities gains, net 393 986
Bank-owned life insurance 370 138
Gain on sale of loans 290 351
Insurance commissions 420 264
Brokerage commissions 271 248
Other 872 304
TOTAL NON-INTEREST INCOME 3,211 2,733
NON-INTEREST EXPENSE:    
Salaries and employee benefits 4,503 3,068
Occupancy 630 351
Furniture and equipment 671 408
Pennsylvania shares tax 244 184
Amortization of investment in limited partnerships 165 165
Federal Deposit Insurance Corporation deposit insurance 178 129
Marketing 110 95
Intangible amortization 92 0
Other 2,050 1,451
TOTAL NON-INTEREST EXPENSE 8,643 5,851
INCOME BEFORE INCOME TAX PROVISION 4,170 4,587
INCOME TAX PROVISION 701 903
NET INCOME $ 3,469 $ 3,684
EARNINGS PER SHARE - BASIC (in dollars per share) $ 0.72 $ 0.96
EARNINGS PER SHARE - DILUTED (in dollars per share) $ 0.72 $ 0.96
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) 4,819,575 3,838,671
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) 4,819,575 3,838,671
DIVIDENDS DECLARED PER SHARE (in dollars per share) $ 0.47 $ 0.72