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CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
INTEREST INCOME:    
Interest and fees on loans $ 13,638 $ 13,314
Interest-bearing deposits with banks 95 104
Investment securities:    
Taxable 1,107 1,108
Nontaxable 389 357
Dividends 110 134
TOTAL INTEREST INCOME 15,339 15,017
INTEREST EXPENSE:    
Deposits 1,987 2,314
Borrowed funds 462 788
TOTAL INTEREST EXPENSE 2,449 3,102
NET INTEREST INCOME 12,890 11,915
Provision for loan losses 400 400
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 12,490 11,515
NON-INTEREST INCOME:    
Revenue from customers 1,726 1,735
Gains on loans sold 167 99
Equity security (losses) gains, net (254) 11
Earnings on bank owned life insurance 156 151
Other 163 148
TOTAL NON-INTEREST INCOME 1,851 2,033
NON-INTEREST EXPENSES:    
Salaries and employee benefits 5,414 5,029
Occupancy 526 592
Furniture and equipment 131 155
Professional fees 325 442
FDIC insurance 71 111
Pennsylvania shares tax 275 275
Amortization of intangibles 50 66
Merger and acquisition 376 0
Software expenses 247 227
ORE expenses 32 107
Other 1,474 1,318
TOTAL NON-INTEREST EXPENSES 8,921 8,322
Income before provision for income taxes 5,420 5,226
Provision for income taxes 889 821
NET INCOME $ 4,531 $ 4,405
PER COMMON SHARE DATA:    
Net Income - Basic (in dollars per share) $ 1.29 $ 1.25
Net Income - Diluted (in dollars per share) $ 1.29 $ 1.25
Number of shares used in computation - basic (in shares) 3,515,500 3,528,466
Number of shares used in computation - diluted (in shares) 3,515,500 3,528,466
Service Charges [Member]    
NON-INTEREST INCOME:    
Revenue from customers $ 1,081 $ 1,099
Trust [Member]    
NON-INTEREST INCOME:    
Revenue from customers 198 232
Brokerage and Insurance [Member]    
NON-INTEREST INCOME:    
Revenue from customers $ 340 $ 293