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CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
INTEREST INCOME:        
Interest and fees on loans $ 7,118 $ 7,141 $ 14,106 $ 14,278
Interest-bearing deposits with banks 13 9 26 19
Investment securities:        
Taxable 849 936 1,737 1,899
Nontaxable 840 844 1,682 1,713
Dividends 69 18 119 38
TOTAL INTEREST INCOME 8,889 8,948 17,670 17,947
INTEREST EXPENSE:        
Deposits 1,094 1,287 2,199 2,615
Borrowed funds 145 310 309 668
TOTAL INTEREST EXPENSE 1,239 1,597 2,508 3,283
NET INTEREST INCOME 7,650 7,351 15,162 14,664
Provision for loan losses 150 75 330 225
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 7,500 7,276 14,832 14,439
NON-INTEREST INCOME:        
Service charges 1,102 1,114 2,141 2,168
Trust 186 169 377 370
Brokerage and insurance 137 121 257 213
Investment securities gains, net 75 98 246 294
Gains on loans sold 30 50 70 161
Earnings on bank owned life insurance 121 126 242 250
Other 104 100 209 204
TOTAL NON-INTEREST INCOME 1,755 1,778 3,542 3,660
NON-INTEREST EXPENSES:        
Salaries and employee benefits 2,893 2,795 5,810 5,600
Occupancy 304 312 654 654
Furniture and equipment 94 113 194 215
Professional fees 208 188 442 417
FDIC insurance 116 113 229 225
Pennsylvania shares tax 191 182 384 365
Other 1,194 1,164 2,378 2,243
TOTAL NON-INTEREST EXPENSES 5,000 4,867 10,091 9,719
Income before provision for income taxes 4,255 4,187 8,283 8,380
Provision for income taxes 890 907 1,742 1,813
NET INCOME $ 3,365 $ 3,280 $ 6,541 $ 6,567
PER COMMON SHARE DATA:        
Net Income - Basic (in dollars per share) $ 1.11 $ 1.07 $ 2.15 $ 2.14
Net Income - Diluted (in dollars per share) $ 1.11 $ 1.07 $ 2.15 $ 2.14
Cash Dividends Paid (in dollars per share) $ 0.385 $ 0.278 $ 0.770 $ 0.547
Number of shares used in computation - basic (in shares) 3,039,734 3,060,998 3,040,822 3,062,210
Number of shares used in computation - diluted (in shares) 3,040,661 3,062,576 3,041,227 3,062,991