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CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
INTEREST AND DIVIDEND INCOME:    
Loans, including fees $ 13,038 $ 13,345
Investment securities:    
Taxable 737 819
Tax-exempt 164 171
Dividend and other interest income 336 260
TOTAL INTEREST AND DIVIDEND INCOME 14,275 14,595
INTEREST EXPENSE:    
Deposits 788 1,684
Short-term borrowings 1 2
Long-term borrowings 633 839
TOTAL INTEREST EXPENSE 1,422 2,525
NET INTEREST INCOME 12,853 12,070
PROVISION FOR LOAN LOSSES 150 515
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 12,703 11,555
NON-INTEREST INCOME:    
Net debt securities (losses) gains, available for sale (2) 138
Net equity losses (58) (23)
Net securities (losses) gains, trading (1) 4
Bank-owned life insurance 170 173
Gain on sale of loans 345 908
Other 207 94
TOTAL NON-INTEREST INCOME 2,412 2,614
NON-INTEREST EXPENSE:    
Salaries and employee benefits 6,264 5,598
Occupancy 910 976
Furniture and equipment 892 809
Software amortization 253 198
Pennsylvania shares tax 389 352
Professional fees 538 583
Federal Deposit Insurance Corporation deposit insurance 202 221
Marketing 64 63
Intangible amortization 43 53
Other 1,452 1,098
TOTAL NON-INTEREST EXPENSE 11,007 9,951
INCOME BEFORE INCOME TAX PROVISION 4,108 4,218
INCOME TAX PROVISION 676 771
CONSOLIDATED NET INCOME 3,432 3,447
Less: Net income attributable to noncontrolling interest 0 6
NET INCOME ATTRIBUTABLE TO PENNS WOODS BANCORP, INC. $ 3,432 $ 3,441
Earnings per share - basic (in dollars per share) $ 0.49 $ 0.49
Earnings per share - diluted (in dollars per share) $ 0.49 $ 0.49
Weighted average shares outstanding - basic (in shares) 7,072,575 7,055,116
Weighted average shares outstanding - diluted (in shares) 7,072,575 7,055,116
Service charges    
NON-INTEREST INCOME:    
Service charges, insurance commissions, brokerage commissions, and debit card income $ 495 $ 383
Insurance commissions    
NON-INTEREST INCOME:    
Service charges, insurance commissions, brokerage commissions, and debit card income 170 157
Brokerage commissions    
NON-INTEREST INCOME:    
Service charges, insurance commissions, brokerage commissions, and debit card income 200 219
Debit card income    
NON-INTEREST INCOME:    
Service charges, insurance commissions, brokerage commissions, and debit card income 345 380
Loan Brokerage Commissions    
NON-INTEREST INCOME:    
Service charges, insurance commissions, brokerage commissions, and debit card income $ 541 $ 181