XML 52 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income        
Loans, including fees $ 7,706 $ 8,019 $ 22,865 $ 24,351
Interest and dividends on investments:        
Taxable interest 665 476 1,967 1,194
Tax exempt interest 386 378 1,120 1,135
Dividend income 24 19 80 59
Deposits and obligations of other banks 49 49 133 180
Total interest income 8,830 8,941 26,165 26,919
Interest expense        
Deposits 679 811 2,076 3,076
Securities sold under agreements to repurchase 2 10 11 40
Long-term debt 118 124 360 367
Total interest expense 799 945 2,447 3,483
Net interest income 8,031 7,996 23,718 23,436
Provision for loan losses   350 464 1,955
Net interest income after provision for loan losses 8,031 7,646 23,254 21,481
Noninterest income        
Investment and trust services fees 1,120 1,140 3,311 3,288
Loan service charges 265 232 682 674
Mortgage banking activities 15 18 47 36
Deposit service charges and fees 563 472 1,553 1,359
Other service charges and fees 317 232 901 687
Debit card income 339 315 982 917
Increase in cash surrender value of life insurance 139 150 426 455
Other real estate owned (losses) gains, net   (119) (184) (260)
Other 30 89 92 179
OTTI losses recognized in earnings (20) (25) (20) (75)
Securities gains, net     221 30
Total noninterest income 2,768 2,504 8,011 7,290
Noninterest expense        
Salaries and employee benefits 4,191 3,977 12,548 12,208
Net occupancy expense 555 566 1,817 1,702
Furniture and equipment expense 241 239 732 730
Advertising 312 386 898 1,039
Legal and professional fees 361 233 979 871
Data processing 471 472 1,355 1,317
Pennsylvania bank shares tax 173 204 520 612
Intangible amortization 104 106 311 319
FDIC insurance 236 245 690 760
ATM/debit card processing 188 174 545 520
Other 916 780 2,656 2,513
Total noninterest expense 7,748 7,382 23,051 22,591
Income before federal income tax expense 3,051 2,768 8,214 6,180
Federal income tax expense 641 583 1,659 1,089
Net income $ 2,410 $ 2,185 $ 6,555 $ 5,091
Per share        
Basic earnings per share $ 0.57 $ 0.53 $ 1.57 $ 1.23
Diluted earnings per share $ 0.57 $ 0.53 $ 1.56 $ 1.23
Cash dividends declared $ 0.17 $ 0.17 $ 0.51 $ 0.51