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CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
INTEREST AND DIVIDEND INCOME:    
Loans, including fees $ 10,627 $ 10,355
Investment securities:    
Taxable 542 622
Tax-exempt 298 475
Dividend and other interest income 215 274
TOTAL INTEREST AND DIVIDEND INCOME 11,682 11,726
INTEREST EXPENSE:    
Deposits 902 834
Short-term borrowings 4 26
Long-term borrowings 440 492
TOTAL INTEREST EXPENSE 1,346 1,352
NET INTEREST INCOME 10,336 10,374
PROVISION FOR LOAN LOSSES 330 350
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 10,006 10,024
NON-INTEREST INCOME:    
Service charges 528 532
Net securities gains, available for sale 197 435
Net securities gains, trading 2 40
Bank-owned life insurance 172 184
Gain on sale of loans 358 467
Insurance commissions 191 206
Brokerage commissions 331 255
Other 872 878
TOTAL NON-INTEREST INCOME 2,651 2,997
NON-INTEREST EXPENSE:    
Salaries and employee benefits 4,770 4,580
Occupancy 638 541
Furniture and equipment 649 701
Pennsylvania shares tax 238 258
Amortization of investment in limited partnerships 46 152
Federal Deposit Insurance Corporation deposit insurance 170 232
Marketing 171 210
Intangible amortization 90 87
Other 2,213 2,300
TOTAL NON-INTEREST EXPENSE 8,985 9,061
INCOME BEFORE INCOME TAX PROVISION 3,672 3,960
INCOME TAX PROVISION 986 882
NET INCOME $ 2,686 $ 3,078
EARNINGS PER SHARE - BASIC (in dollars per share) $ 0.57 $ 0.65
EARNINGS PER SHARE - DILUTED (in dollars per share) $ 0.56 $ 0.65
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) 4,734,805 4,740,503
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) 4,761,305 4,740,503
DIVIDENDS DECLARED PER SHARE (in dollars per share) $ 0.47 $ 0.47