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CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
INTEREST INCOME:        
Interest and fees on loans $ 7,094 $ 7,521 $ 21,200 $ 21,799
Interest-bearing deposits with banks 25 8 51 27
Investment securities:        
Taxable 805 905 2,542 2,804
Nontaxable 844 850 2,526 2,563
Dividends 40 23 159 61
TOTAL INTEREST INCOME 8,808 9,307 26,478 27,254
INTEREST EXPENSE:        
Deposits 1,092 1,279 3,291 3,894
Borrowed funds 142 283 451 951
TOTAL INTEREST EXPENSE 1,234 1,562 3,742 4,845
NET INTEREST INCOME 7,574 7,745 22,736 22,409
Provision for loan losses 150 90 480 315
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 7,424 7,655 22,256 22,094
NON-INTEREST INCOME:        
Service charges 1,098 1,145 3,239 3,313
Trust 151 169 528 539
Brokerage and insurance 141 120 398 333
Investment securities gains, net 242 91 488 385
Gains on loans sold 40 75 110 236
Earnings on bank owned life insurance 124 127 366 377
Other 128 124 337 328
TOTAL NON-INTEREST INCOME 1,924 1,851 5,466 5,511
NON-INTEREST EXPENSES:        
Salaries and employee benefits 2,790 2,856 8,600 8,456
Occupancy 313 302 967 956
Furniture and equipment 86 157 280 372
Professional fees 289 187 731 604
FDIC insurance 116 112 345 337
Pennsylvania shares tax 101 183 485 548
Other 1,372 1,168 3,750 3,411
TOTAL NON-INTEREST EXPENSES 5,067 4,965 15,158 14,684
Income before provision for income taxes 4,281 4,541 12,564 12,921
Provision for income taxes 913 1,029 2,655 2,842
NET INCOME $ 3,368 $ 3,512 $ 9,909 $ 10,079
PER COMMON SHARE DATA:        
Net Income - Basic (in dollars per share) $ 1.11 $ 1.15 $ 3.26 $ 3.29
Net Income - Diluted (in dollars per share) $ 1.11 $ 1.15 $ 3.26 $ 3.29
Cash Dividends Paid (in dollars per share) $ 1.000 $ 0.281 $ 1.772 $ 0.829
Number of shares used in computation - basic (in shares) 3,035,214 3,054,226 3,038,973 3,059,520
Number of shares used in computation - diluted (in shares) 3,036,700 3,055,709 3,040,400 3,060,808