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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
INTEREST INCOME    
Interest and fees on loans $ 51,187,000 $ 42,747,000
Interest and dividend income on securities:    
Taxable 17,743,000 12,311,000
Tax-exempt 1,074,000 1,166,000
Dividends 57,000 56,000
Dividend income on restricted investment in bank stocks 928,000 669,000
Interest on interest-bearing deposits in other banks 433,000 39,000
Total interest income 71,422,000 56,988,000
INTEREST EXPENSE    
Interest on deposits 25,276,000 17,108,000
Interest on short-term borrowings 7,720,000 8,774,000
Interest on long-term borrowings 5,053,000 896,000
Interest on subordinated debt 1,094,000 1,094,000
Total interest expense 39,143,000 27,872,000
Net interest income 32,279,000 29,116,000
Provision (credit) for credit losses 1,640,000 (217,000)
Net interest income after provision for credit losses 30,639,000 29,333,000
NON-INTEREST INCOME    
Increase in cash surrender value of life insurance 669,000 621,000
ATM fees and debit card income 2,228,000 2,195,000
Net gains on sales of mortgage loans 80,000 65,000
Net securities gains (losses) 105,000 (118,000)
Other 317,000 257,000
Total non-interest income 6,697,000 6,156,000
NON-INTEREST EXPENSE    
Salaries and employee benefits 17,228,000 16,055,000
Occupancy, net 2,191,000 2,119,000
Furniture and equipment expense 676,000 637,000
Computer expense 1,478,000 1,571,000
Professional services 1,617,000 1,440,000
Pennsylvania shares tax 1,070,000 861,000
FDIC insurance, net 1,097,000 703,000
ATM and debit card fees 1,003,000 1,146,000
Data processing fees 1,022,000 1,304,000
Advertising 560,000 528,000
Goodwill impairment 19,133,000 0
Other 3,509,000 2,881,000
Total non-interest expense 50,584,000 29,245,000
(Loss) Income before income tax (benefit) expense (13,248,000) 6,244,000
Income tax (benefit) expense (45,000) 684,000
NET (LOSS) INCOME $ (13,203,000) $ 5,560,000
Net (loss) income per share:    
Basic $ (2.14) $ 0.91
Diluted (2.14) 0.91
Dividends per share $ 1.12 $ 1.12
Trust department    
NON-INTEREST INCOME    
Non-interest customer contract revenue $ 1,051,000 $ 931,000
Service charges and fees    
NON-INTEREST INCOME    
Non-interest customer contract revenue $ 2,247,000 $ 2,205,000