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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
INTEREST INCOME        
Interest and fees on loans $ 7,196 $ 6,274 $ 14,270 $ 12,219
Interest and dividend income on securities:        
Taxable 1,303 1,162 2,521 2,202
Tax-exempt 829 1,170 1,847 2,369
Dividends 11 10 22 21
Dividend income on restricted investment in bank stocks 125 112 309 180
Interest on interest-bearing deposits in other banks 15 9 24 17
Total interest income 9,479 8,737 18,993 17,008
INTEREST EXPENSE        
Interest on deposits 1,596 1,293 2,974 2,565
Interest on short-term borrowings 794 400 1,909 574
Interest on long-term borrowings 207 291 407 626
Total interest expense 2,597 1,984 5,290 3,765
Net interest income 6,882 6,753 13,703 13,243
Provision for loan losses 46 0 138 50
Net interest income after provision for loan losses 6,836 6,753 13,565 13,193
NON-INTEREST INCOME        
Trust department 264 223 525 458
Service charges and fees 533 532 1,047 989
Bank owned life insurance income 154 154 309 297
ATM fees and debit card income 419 399 796 756
Gains on sales of mortgage loans 75 38 115 67
Net securities gains 92 54 195 37
Other 79 70 136 125
Total non-interest income 1,616 1,470 3,123 2,729
NON-INTEREST EXPENSE        
Salaries and employee benefits 2,953 2,957 6,085 5,993
Occupancy, net 432 427 896 899
Furniture and equipment 150 152 290 292
Computer expense 299 240 579 493
Professional services 208 309 478 532
Pennsylvania shares tax 192 200 384 399
FDIC insurance 72 75 137 156
ATM and debit card fees 221 192 432 367
Data processing fees 305 266 572 533
Foreclosed assets held for resale expense 5 7 43 75
Advertising 160 129 313 210
Other 658 722 1,301 1,622
Total non-interest expense 5,655 5,676 11,510 11,571
Income before income tax expense 2,797 2,547 5,178 4,351
Income tax expense 267 71 405 98
NET INCOME $ 2,530 $ 2,476 $ 4,773 $ 4,253
Net income per share:        
Basic $ 0.44 $ 0.43 $ 0.83 $ 0.74
Diluted 0.44 0.43 0.83 0.74
Dividends per share $ 0.27 $ 0.27 $ 0.54 $ 0.54