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CONSOLIDATED STATEMENT OF INCOME - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
INTEREST AND DIVIDEND INCOME:      
Loans, including fees $ 58,682,000 $ 53,232,000 $ 57,217,000
Investment securities:      
Taxable 3,634,000 3,281,000 3,778,000
Tax-exempt 823,000 655,000 650,000
Dividend and other interest income 1,789,000 1,246,000 993,000
TOTAL INTEREST AND DIVIDEND INCOME 64,928,000 58,414,000 62,638,000
INTEREST EXPENSE:      
Deposits 3,690,000 5,545,000 10,565,000
Short-term borrowings 1,007,000 9,000 43,000
Long-term borrowings 2,451,000 3,142,000 3,807,000
TOTAL INTEREST EXPENSE 7,148,000 8,696,000 14,415,000
NET INTEREST INCOME 57,780,000 49,718,000 48,223,000
PROVISION FOR LOAN LOSSES 1,910,000 640,000 2,625,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 55,870,000 49,078,000 45,598,000
NON-INTEREST INCOME:      
Net debt securities (losses) gains, available for sale (219,000) 699,000 1,592,000
Net equity securities (losses) gains (146,000) (40,000) 16,000
Bank-owned life insurance 664,000 916,000 653,000
Gain on sale of loans 1,131,000 2,474,000 4,148,000
Other 931,000 838,000 730,000
TOTAL NON-INTEREST INCOME 8,713,000 11,669,000 12,168,000
NON-INTEREST EXPENSE:      
Salaries and employee benefits 24,267,000 23,014,000 21,632,000
Occupancy 3,080,000 3,209,000 2,650,000
Furniture and equipment 3,288,000 3,522,000 3,411,000
Software amortization 840,000 868,000 978,000
Pennsylvania shares tax 1,452,000 1,350,000 1,289,000
Professional fees 2,434,000 2,432,000 2,362,000
Federal Deposit Insurance Corporation deposit insurance 938,000 963,000 939,000
Marketing 690,000 545,000 261,000
Intangible amortization 154,000 191,000 227,000
Goodwill impairment 653,000 0 0
Other 5,202,000 4,811,000 5,319,000
TOTAL NON-INTEREST EXPENSE 42,998,000 40,905,000 39,068,000
INCOME BEFORE INCOME TAX PROVISION 21,585,000 19,842,000 18,698,000
INCOME TAX PROVISION 4,163,000 3,794,000 3,474,000
CONSOLIDATED NET INCOME 17,422,000 16,048,000 15,224,000
Earnings attributable to noncontrolling interest 0 15,000 18,000
NET INCOME ATTRIBUTABLE TO PENNS WOODS BANCORP, INC. $ 17,422,000 $ 16,033,000 $ 15,206,000
EARNINGS PER SHARE - BASIC (in dollars per share) $ 2.47 $ 2.27 $ 2.16
EARNINGS PER SHARE - DILUTED (in dollars per share) $ 2.47 $ 2.27 $ 2.16
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) 7,059,437 7,061,818 7,044,542
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) 7,059,437 7,061,818 7,044,542
Service charges      
NON-INTEREST INCOME:      
Service charges, insurance commissions, brokerage commissions, and debit card income $ 2,103,000 $ 1,703,000 $ 1,690,000
Insurance commissions      
NON-INTEREST INCOME:      
Service charges, insurance commissions, brokerage commissions, and debit card income 491,000 553,000 416,000
Brokerage commissions      
NON-INTEREST INCOME:      
Service charges, insurance commissions, brokerage commissions, and debit card income 620,000 851,000 970,000
Loan broker income      
NON-INTEREST INCOME:      
Service charges, insurance commissions, brokerage commissions, and debit card income 1,674,000 2,164,000 673,000
Debit card income      
NON-INTEREST INCOME:      
Service charges, insurance commissions, brokerage commissions, and debit card income $ 1,464,000 $ 1,511,000 $ 1,280,000