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CONSOLIDATED STATEMENT OF INCOME - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
INTEREST AND DIVIDEND INCOME:      
Loans, including fees $ 60,384,000 $ 54,000,000 $ 45,833,000
Investment securities:      
Taxable 3,997,000 2,784,000 2,182,000
Tax-exempt 660,000 860,000 1,218,000
Dividend and other interest income 1,733,000 1,102,000 744,000
TOTAL INTEREST AND DIVIDEND INCOME 66,774,000 58,746,000 49,977,000
INTEREST EXPENSE:      
Deposits 11,443,000 6,370,000 4,083,000
Short-term borrowings 793,000 1,757,000 234,000
Long-term borrowings 3,723,000 2,809,000 1,580,000
TOTAL INTEREST EXPENSE 15,959,000 10,936,000 5,897,000
NET INTEREST INCOME 50,815,000 47,810,000 44,080,000
PROVISION FOR LOAN LOSSES 2,735,000 1,735,000 730,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 48,080,000 46,075,000 43,350,000
NON-INTEREST INCOME:      
Service charges, insurance commissions, brokerage commissions, and debit card fees 1,378,000 1,534,000 1,312,000
Net debt securities gains (losses), available for sale 640,000 (47,000) 600,000
Net equity securities gains (losses) 89,000 (170,000) 0
Net securities gains (losses), trading 19,000 3,000 (8,000)
Bank-owned life insurance 574,000 662,000 666,000
Gain on sale of loans 1,754,000 1,518,000 1,674,000
Other 1,796,000 1,800,000 1,756,000
TOTAL NON-INTEREST INCOME 10,452,000 9,461,000 10,744,000
NON-INTEREST EXPENSE:      
Salaries and employee benefits 21,829,000 21,083,000 18,999,000
Occupancy 2,712,000 2,702,000 2,447,000
Furniture and equipment 3,248,000 3,092,000 2,915,000
Software amortization 871,000 712,000 974,000
Pennsylvania shares tax 1,148,000 1,108,000 925,000
Professional Fees 2,474,000 2,106,000 2,353,000
Federal Deposit Insurance Corporation deposit insurance 578,000 890,000 669,000
Write down of assets held for sale 475,000 0 0
Loss on sale of premises and equipment 474,000 0 0
Marketing 425,000 767,000 958,000
Intangible amortization 264,000 300,000 337,000
Other 5,210,000 5,247,000 6,285,000
TOTAL NON-INTEREST EXPENSE 39,708,000 38,007,000 36,862,000
INCOME BEFORE INCOME TAX PROVISION 18,824,000 17,529,000 17,232,000
INCOME TAX PROVISION 3,138,000 2,819,000 7,459,000
CONSOLIDATED NET INCOME 15,686,000 14,710,000 9,773,000
Earnings attributable to noncontrolling interest 14,000 6,000 0
NET INCOME ATTRIBUTABLE TO PENNS WOODS BANCORP, INC. $ 15,672,000 $ 14,704,000 $ 9,773,000
EARNINGS PER SHARE - BASIC (in dollars per share) $ 2.23 $ 2.09 $ 1.39
EARNINGS PER SHARE - DILUTED (in dollars per share) $ 2.20 $ 2.09 $ 1.39
Weighted Average Number of Shares Outstanding, Basic 7,038,714 7,035,381 7,058,403
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) 7,113,339 7,035,381 7,058,403
DIVIDENDS PER SHARE (in dollars per share) $ 1.26 $ 1.25 $ 1.25
Deposit Account      
NON-INTEREST INCOME:      
Service charges, insurance commissions, brokerage commissions, and debit card fees $ 2,411,000 $ 2,460,000 $ 2,222,000
Insurance Commissions      
NON-INTEREST INCOME:      
Service charges, insurance commissions, brokerage commissions, and debit card fees 433,000 365,000 496,000
Brokerage Commissions      
NON-INTEREST INCOME:      
Service charges, insurance commissions, brokerage commissions, and debit card fees 1,358,000 1,336,000 1,378,000
Debit Card      
NON-INTEREST INCOME:      
Service charges, insurance commissions, brokerage commissions, and debit card fees $ 1,378,000 $ 1,534,000 $ 1,960,000