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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
INTEREST INCOME    
Interest and fees on loans $ 32,860 $ 31,530
Interest and dividend income on securities:    
Taxable 5,578 4,742
Tax-exempt 3,372 3,019
Dividends 62 50
Dividend income on restricted investment in bank stocks 96 210
Interest on interest-bearing deposits in other banks 80 16
Total interest income 42,048 39,567
INTEREST EXPENSE    
Interest on deposits 3,144 4,946
Interest on short-term borrowings 93 359
Interest on long-term borrowings 817 991
Interest on subordinated debt 1,094 64
Total interest expense 5,148 6,360
Net interest income 36,900 33,207
Provision for loan losses 860 1,200
Net interest income after provision for loan losses 36,040 32,007
NON-INTEREST INCOME    
Trust department 1,008 995
Service charges and fees 1,914 1,693
Increase in cash surrender value of life insurance 598 611
ATM fees and debit card income 2,183 1,849
Gains on sales of mortgage loans 980 604
Net securities gains (losses) 323 (58)
Other 317 318
Total non-interest income 7,323 6,012
NON-INTEREST EXPENSE    
Salaries and employee benefits 14,148 13,687
Occupancy, net 1,885 2,009
Furniture and equipment expense 570 590
Computer expense 1,220 990
Professional services 1,050 981
Pennsylvania shares tax 1,202 867
FDIC insurance, net 423 168
ATM and debit card fees 1,091 906
Data processing fees 1,200 1,166
Foreclosed assets held for resale expense, net 3 50
Advertising 407 354
Other 3,155 2,837
Total non-interest expense 26,354 24,605
Income before income tax expense 17,009 13,414
Income tax expense 2,321 1,577
NET INCOME $ 14,688 $ 11,837
Net income per share:    
Basic $ 2.49 $ 2.03
Diluted 2.49 2.03
Dividends per share $ 1.12 $ 1.08