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CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST INCOME:        
Interest and fees on loans $ 10,659 $ 9,204 $ 30,680 $ 26,387
Interest-bearing deposits with banks 49 50 129 185
Investment securities:        
Taxable 762 897 2,341 2,800
Nontaxable 588 733 1,857 2,259
Dividends 62 64 191 205
TOTAL INTEREST INCOME 12,120 10,948 35,198 31,836
INTEREST EXPENSE:        
Deposits 1,210 1,048 3,398 3,194
Borrowed funds 293 188 782 554
TOTAL INTEREST EXPENSE 1,503 1,236 4,180 3,748
NET INTEREST INCOME 10,617 9,712 31,018 28,088
Provision for loan losses 500 500 1,740 770
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 10,117 9,212 29,278 27,318
NON-INTEREST INCOME:        
Service charges 1,145 1,115 3,323 3,345
Trust 187 161 596 539
Brokerage and insurance 154 211 459 578
Gains on loans sold 134 109 383 225
Investment securities gains, net 9 0 204 155
Earnings on bank owned life insurance 166 174 499 515
Other 126 138 380 450
TOTAL NON-INTEREST INCOME 1,921 1,908 5,844 5,807
NON-INTEREST EXPENSES:        
Salaries and employee benefits 4,237 4,285 12,880 12,067
Occupancy 475 485 1,479 1,385
Furniture and equipment 159 164 444 492
Professional fees 286 283 854 836
FDIC insurance 95 175 295 492
Pennsylvania shares tax 243 240 767 630
Amortization of intangibles 74 82 223 246
ORE expenses (recoveries) 171 (71) 343 234
Other 1,507 1,557 4,319 5,031
TOTAL NON-INTEREST EXPENSES 7,247 7,200 21,604 21,413
Income before provision for income taxes 4,791 3,920 13,518 11,712
Provision for income taxes 1,141 767 3,097 2,245
NET INCOME $ 3,650 $ 3,153 $ 10,421 $ 9,467
PER COMMON SHARE DATA:        
Net Income - Basic (in dollars per share) $ 1.05 $ 0.90 $ 2.99 $ 2.70
Net Income - Diluted (in dollars per share) 1.05 0.90 2.99 2.69
Cash Dividends Paid (in dollars per share) $ 0.430 $ 0.400 $ 1.240 $ 1.183
Number of shares used in computation - basic (in shares) 3,482,936 3,505,526 3,480,760 3,512,187
Number of shares used in computation - diluted (in shares) 3,485,221 3,507,220 3,482,634 3,513,885