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Consolidated Statement of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
INTEREST AND DIVIDEND INCOME:      
Interest and fees on loans $ 35,844 $ 29,039 $ 28,324
Interest-bearing deposits with banks 221 142 82
Investment securities:      
Taxable 3,687 3,102 3,337
Nontaxable 2,970 3,152 3,354
Dividends 283 218 194
TOTAL INTEREST AND DIVIDEND INCOME 43,005 35,653 35,291
INTEREST EXPENSE:      
Deposits 4,247 4,113 4,347
Borrowed funds 794 707 606
TOTAL INTEREST EXPENSE 5,041 4,820 4,953
NET INTEREST INCOME 37,964 30,833 30,338
Provision for loan losses 1,520 480 585
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 36,444 30,353 29,753
NON-INTEREST INCOME:      
Service charges 4,461 4,126 4,297
Trust 693 673 688
Brokerage and insurance 766 720 567
Investment securities gains, net 255 429 616
Gains on loans sold 449 404 236
Earnings on bank owned life insurance 688 628 507
Other 587 443 445
TOTAL NON-INTEREST INCOME 7,899 7,423 7,356
NON-INTEREST EXPENSES:      
Salaries and employee benefits 16,410 12,504 11,505
Occupancy 1,900 1,424 1,287
Furniture and equipment 644 506 362
Professional fees 1,094 846 820
Federal depository insurance 572 464 461
Pennsylvania shares tax 690 713 686
Amortization of intangibles 327 0 0
Merger and acquisition 0 1,103 237
ORE expenses 389 969 299
Other 6,645 4,900 4,508
TOTAL NON-INTEREST EXPENSES 28,671 23,429 20,165
Income before provision for income taxes 15,672 14,347 16,944
Provision for income taxes 3,034 2,721 3,559
NET INCOME $ 12,638 $ 11,626 $ 13,385
PER COMMON SHARE DATA:      
NET INCOME - BASIC (in dollars per share) $ 3.78 $ 3.79 $ 4.36
NET INCOME - DILUTED (in dollars per share) 3.78 3.79 4.36
CASH DIVIDENDS PER SHARE (in dollars per share) $ 1.66 $ 1.71 $ 2.15
Number of shares used in computation - basic (in shares) 3,341,933 3,063,906 3,070,922
Number of shares used in computation - diluted (in shares) 3,343,489 3,065,266 3,072,217