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CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
INTEREST INCOME:    
Interest and fees on loans $ 8,596 $ 7,039
Interest-bearing deposits with banks 71 31
Investment securities:    
Taxable 944 754
Nontaxable 771 848
Dividends 80 99
TOTAL INTEREST INCOME 10,462 8,771
INTEREST EXPENSE:    
Deposits 1,074 1,009
Borrowed funds 183 175
TOTAL INTEREST EXPENSE 1,257 1,184
NET INTEREST INCOME 9,205 7,587
Provision for loan losses 135 120
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 9,070 7,467
NON-INTEREST INCOME:    
Service charges 1,102 976
Trust 196 194
Brokerage and insurance 209 127
Gains on loans sold 46 38
Investment securities gains, net 27 126
Earnings on bank owned life insurance 170 152
Other 166 115
TOTAL NON-INTEREST INCOME 1,916 1,728
NON-INTEREST EXPENSES:    
Salaries and employee benefits 3,882 3,056
Occupancy 445 369
Furniture and equipment 157 128
Professional fees 287 232
FDIC insurance 157 116
Pennsylvania shares tax 150 201
Amortization of intangibles 82 0
ORE expenses 92 117
Other 1,660 1,116
TOTAL NON-INTEREST EXPENSES 6,912 5,335
Income before provision for income taxes 4,074 3,860
Provision for income taxes 791 740
NET INCOME $ 3,283 $ 3,120
PER COMMON SHARE DATA:    
Net Income - Basic (in dollars per share) $ 0.99 $ 1.03
Net Income - Diluted (in dollars per share) 0.99 1.03
Cash Dividends Paid (in dollars per share) $ 0.415 $ 0.405
Number of shares used in computation - basic (in shares) 3,323,949 3,026,265
Number of shares used in computation - diluted (in shares) 3,323,949 3,026,265