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CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
INTEREST INCOME:        
Interest and fees on loans $ 7,129 $ 7,118 $ 14,168 $ 14,106
Interest-bearing deposits with banks 39 13 70 26
Investment securities:        
Taxable 765 849 1,519 1,737
Nontaxable 801 840 1,649 1,682
Dividends 34 69 133 119
TOTAL INTEREST INCOME 8,768 8,889 17,539 17,670
INTEREST EXPENSE:        
Deposits 1,035 1,094 2,044 2,199
Borrowed funds 172 145 347 309
TOTAL INTEREST EXPENSE 1,207 1,239 2,391 2,508
NET INTEREST INCOME 7,561 7,650 15,148 15,162
Provision for loan losses 120 150 240 330
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 7,441 7,500 14,908 14,832
NON-INTEREST INCOME:        
Service charges 1,028 1,102 2,004 2,141
Trust 180 186 374 377
Brokerage and insurance 255 137 382 257
Gains on loans sold 60 30 98 70
Investment securities gains, net 175 75 301 246
Earnings on bank owned life insurance 154 121 306 242
Other 103 104 218 209
TOTAL NON-INTEREST INCOME 1,955 1,755 3,683 3,542
NON-INTEREST EXPENSES:        
Salaries and employee benefits 2,993 2,893 6,049 5,810
Occupancy 348 304 717 654
Furniture and equipment 87 94 215 194
Professional fees 180 208 412 442
FDIC insurance 116 116 232 229
Pennsylvania shares tax 200 191 401 384
Other 1,504 1,194 2,737 2,378
TOTAL NON-INTEREST EXPENSES 5,428 5,000 10,763 10,091
Income before provision for income taxes 3,968 4,255 7,828 8,283
Provision for income taxes 779 890 1,519 1,742
NET INCOME $ 3,189 $ 3,365 $ 6,309 $ 6,541
PER COMMON SHARE DATA:        
Net Income - Basic (in dollars per share) $ 1.06 $ 1.11 $ 2.09 $ 2.15
Net Income - Diluted (in dollars per share) 1.06 1.11 2.09 2.15
Cash Dividends Paid (in dollars per share) $ 0.405 $ 0.385 $ 0.810 $ 0.770
Number of shares used in computation - basic (in shares) 3,019,661 3,039,734 3,022,945 3,040,822
Number of shares used in computation - diluted (in shares) 3,020,725 3,040,661 3,023,479 3,041,227