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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest income        
Loans, including fees $ 9,112 $ 9,483 $ 18,210 $ 18,825
Interest and dividends on investments: Taxable interest 451 635 885 1,218
Interest and dividends on investments: Tax exempt interest 366 330 732 674
Interest and dividends on investments: Dividend income 18 26 34 51
Deposits and obligations of other banks 55 19 91 25
Total interest income 10,002 10,493 19,952 20,793
Interest expense        
Deposits 1,304 1,755 2,758 3,424
Securities sold under agreements to repurchase 19 39 39 73
Short-term borrowings       1
Long-term debt 488 614 980 1,315
Total interest expense 1,811 2,408 3,777 4,813
Net interest income 8,191 8,085 16,175 15,980
Provision for loan losses 825 1,767 2,775 2,667
Net interest income after provision for loan losses 7,366 6,318 13,400 13,313
Noninterest income        
Investment and trust services fees 1,059 1,058 2,026 1,990
Loan service charges 269 231 541 712
Mortgage banking activities (27) (45) 20 (35)
Deposit service charges and fees 479 597 954 1,134
Other service charges and fees 213 124 448 250
Debit card income 295 260 570 495
Increase in cash surrender value of life insurance 167 175 334 340
Other 17 81 142 106
OTTI losses on securities   (370)   (370)
Loss recognized in other comprehensive income (before taxes)   (315)   (315)
Net OTTI losses recognized in earnings 0 (55) 0 (55)
Securities gains, net 21   21 11
Total noninterest income 2,493 2,426 5,056 4,948
Noninterest expense        
Salaries and benefits 4,157 3,883 7,956 7,596
Net occupancy expense 493 496 1,011 1,028
Furniture and equipment expense 218 214 427 437
Advertising 396 351 710 643
Legal and professional fees 260 244 539 515
Data processing 440 487 853 868
Pennsylvania bank shares tax 187 173 373 337
Intangible amortization 109 111 218 224
FDIC insurance 267 256 528 567
Other 1,070 1,218 1,991 2,239
Total noninterest expense 7,597 7,433 14,606 14,454
Income before federal income taxes 2,262 1,311 3,850 3,807
Federal income tax (benefit) expense 356 (447) 575 199
Net income $ 1,906 $ 1,758 $ 3,275 $ 3,608
Per share        
Basic earnings per share $ 0.47 $ 0.45 $ 0.81 $ 0.92
Diluted earnings per share $ 0.47 $ 0.45 $ 0.81 $ 0.92
Cash dividends declared per share $ 0.17 $ 0.27 $ 0.44 $ 0.54