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CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) (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:        
Interest and fees on loans $ 7,439 $ 7,463 $ 14,904 $ 14,858
Interest-bearing deposits with banks 1 20 6 42
Investment securities:        
Taxable 1,237 1,176 2,434 2,348
Nontaxable 920 892 1,874 1,757
Dividends 16 14 32 29
TOTAL INTEREST INCOME 9,613 9,565 19,250 19,034
INTEREST EXPENSE:        
Deposits 1,555 2,046 3,221 4,134
Borrowed funds 393 443 806 888
TOTAL INTEREST EXPENSE 1,948 2,489 4,027 5,022
NET INTEREST INCOME 7,665 7,076 15,223 14,012
Provision for loan losses 105 150 210 375
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 7,560 6,926 15,013 13,637
NON-INTEREST INCOME:        
Service charges 1,129 1,128 2,207 2,073
Trust 151 146 324 303
Brokerage and insurance 75 123 225 218
Gains on loans sold 131 34 185 75
Investment securities gains, net 213 114 321 234
Earnings on bank owned life insurance 126 124 250 245
Other 116 129 261 269
TOTAL NON-INTEREST INCOME 1,941 1,798 3,773 3,417
NON-INTEREST EXPENSES:        
Salaries and employee benefits 2,668 2,518 5,421 5,033
Occupancy 314 329 624 719
Furniture and equipment 96 106 202 223
Professional fees 224 172 492 329
FDIC insurance 115 250 238 500
Pennsylvania shares tax 160 146 326 293
Other 1,000 1,189 2,118 2,393
TOTAL NON-INTEREST EXPENSES 4,577 4,710 9,421 9,490
Income before provision for income taxes 4,924 4,014 9,365 7,564
Provision for income taxes 1,171 867 2,163 1,587
NET INCOME $ 3,753 $ 3,147 $ 7,202 $ 5,977
PER COMMON SHARE DATA:        
Net Income - Basic (in dollars per share) $ 1.30 $ 1.08 $ 2.49 $ 2.05
Net Income - Diluted (in dollars per share) $ 1.30 $ 1.08 $ 2.49 $ 2.05
Cash Dividends Paid (in dollars per share) $ 0.300 $ 0.265 $ 0.595 $ 0.525