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CONSOLIDATED STATEMENT OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
INTEREST AND DIVIDEND INCOME:      
Loans, including fees $ 45,833 $ 42,056 $ 39,134
Investment securities:      
Taxable 2,182 2,424 3,426
Tax-exempt 1,218 1,498 2,795
Dividend and other interest income 744 835 769
TOTAL INTEREST AND DIVIDEND INCOME 49,977 46,813 46,124
INTEREST EXPENSE:      
Deposits 4,083 3,547 3,129
Short-term borrowings 234 46 116
Long-term borrowings 1,580 1,974 1,974
TOTAL INTEREST EXPENSE 5,897 5,567 5,219
NET INTEREST INCOME 44,080 41,246 40,905
PROVISION FOR LOAN LOSSES 730 1,196 2,300
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 43,350 40,050 38,605
NON-INTEREST INCOME:      
Service charges 2,222 2,249 2,383
Securities gains, available for sale 600 1,611 2,592
Securities (losses) gains, trading (8) 58 (22)
Bank-owned life insurance 666 684 720
Gain on sale of loans 1,674 2,102 1,743
Insurance commissions 496 795 781
Brokerage commissions 1,378 1,098 1,064
Debit card income 1,960 1,896 1,692
Other 1,756 1,620 1,812
TOTAL NON-INTEREST INCOME 10,744 12,113 12,765
NON-INTEREST EXPENSE:      
Salaries and employee benefits 18,999 17,813 17,023
Occupancy 2,447 2,223 2,248
Furniture and equipment 2,915 2,793 2,622
Software amortization 974 1,256 1,140
Pennsylvania shares tax 925 873 954
Professional Fees 2,353 2,096 1,919
Federal Deposit Insurance Corporation deposit insurance 669 767 867
Debit card expenses 602 604 576
Marketing 958 740 612
Intangible amortization 337 366 311
Other 5,683 5,560 5,464
TOTAL NON-INTEREST EXPENSE 36,862 35,091 33,736
INCOME BEFORE INCOME TAX PROVISION 17,232 17,072 17,634
INCOME TAX PROVISION 7,459 4,597 3,736
NET INCOME $ 9,773 $ 12,475 $ 13,898
EARNINGS PER SHARE - BASIC AND DILUTED (in dollars per share) $ 2.08 $ 2.64 $ 2.91
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC AND DILUTED (in shares) 4,705,602 4,735,457 4,772,239
DIVIDENDS PER SHARE (in dollars per share) $ 1.88 $ 1.88 $ 1.88