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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
INTEREST INCOME        
Interest and fees on loans $ 7,596 $ 7,196 $ 15,354 $ 14,270
Interest and dividend income on securities:        
Taxable 1,174 1,303 2,450 2,521
Tax-exempt 797 829 1,427 1,847
Dividends 11 11 23 22
Dividend income on restricted investment in bank stocks 51 125 141 309
Interest on interest-bearing deposits in other banks 2 15 4 24
Total interest income 9,631 9,479 19,399 18,993
INTEREST EXPENSE        
Interest on deposits 1,187 1,596 3,071 2,974
Interest on short-term borrowings 68 794 310 1,909
Interest on long-term borrowings 258 207 524 407
Total interest expense 1,513 2,597 3,905 5,290
Net interest income 8,118 6,882 15,494 13,703
Provision for loan losses 194 46 388 138
Net interest income after provision for loan losses 7,924 6,836 15,106 13,565
NON-INTEREST INCOME        
Bank owned life insurance income 152 154 306 309
ATM fees and debit card income 464 419 863 796
Gains on sales of mortgage loans 204 75 297 115
Net securities gains (losses) 164 92 (303) 195
Other 61 79 145 136
Total non-interest income 1,621 1,616 2,604 3,123
NON-INTEREST EXPENSE        
Salaries and employee benefits 2,959 2,953 6,178 6,085
Occupancy, net 504 432 1,022 896
Furniture and equipment expense 154 150 288 290
Computer expense 245 299 505 579
Professional services 223 208 465 478
Pennsylvania shares tax 225 192 449 384
FDIC insurance 21 72 21 137
ATM and debit card fees 214 221 423 432
Data processing fees 307 305 601 572
Foreclosed assets held for resale expense, net 5 5 14 43
Advertising 72 160 163 313
Other 726 658 1,441 1,301
Total non-interest expense 5,655 5,655 11,570 11,510
Income before income tax expense 3,890 2,797 6,140 5,178
Income tax expense 509 267 706 405
NET INCOME $ 3,381 $ 2,530 $ 5,434 $ 4,773
Net income per share:        
Basic $ 0.58 $ 0.44 $ 0.93 $ 0.83
Diluted 0.58 0.44 0.93 0.83
Dividends per share $ 0.27 $ 0.27 $ 0.54 $ 0.54
Trust department        
NON-INTEREST INCOME        
Non-interest customer contract revenue $ 234 $ 264 $ 455 $ 525
Service charges and fees        
NON-INTEREST INCOME        
Non-interest customer contract revenue $ 342 $ 533 $ 841 $ 1,047