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CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
INTEREST INCOME:    
Interest and fees on loans $ 9,717 $ 8,596
Interest-bearing deposits with banks 35 71
Investment securities:    
Taxable 804 944
Nontaxable 668 771
Dividends 76 80
TOTAL INTEREST INCOME 11,300 10,462
INTEREST EXPENSE:    
Deposits 1,045 1,074
Borrowed funds 258 183
TOTAL INTEREST EXPENSE 1,303 1,257
NET INTEREST INCOME 9,997 9,205
Provision for loan losses 615 135
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 9,382 9,070
NON-INTEREST INCOME:    
Service charges 1,058 1,102
Trust 221 196
Brokerage and insurance 191 209
Gains on loans sold 101 46
Investment securities gains, net 172 27
Earnings on bank owned life insurance 166 170
Other 126 166
TOTAL NON-INTEREST INCOME 2,035 1,916
NON-INTEREST EXPENSES:    
Salaries and employee benefits 4,319 3,882
Occupancy 527 445
Furniture and equipment 139 157
Professional fees 310 287
FDIC insurance 105 157
Pennsylvania shares tax 281 150
Amortization of intangibles 76 82
ORE expenses 90 92
Other 1,344 1,660
TOTAL NON-INTEREST EXPENSES 7,191 6,912
Income before provision for income taxes 4,226 4,074
Provision for income taxes 923 791
NET INCOME $ 3,303 $ 3,283
PER COMMON SHARE DATA:    
Net Income - Basic (in dollars per share) $ 1.00 $ 0.98
Net Income - Diluted (in dollars per share) 1.00 0.98
Cash Dividends Paid (in dollars per share) $ 0.425 $ 0.411
Number of shares used in computation - basic (in shares) 3,313,616 3,356,573
Number of shares used in computation - diluted (in shares) 3,313,636 3,356,573