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Consolidated Statement of Income - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
INTEREST AND DIVIDEND INCOME:      
Interest and fees on loans $ 63,538,000 $ 54,911,000 $ 50,458,000
Interest-bearing deposits with banks 401,000 407,000 319,000
Investment securities:      
Taxable 4,090,000 4,673,000 3,790,000
Nontaxable 1,869,000 1,492,000 1,744,000
Dividends 398,000 497,000 447,000
TOTAL INTEREST AND DIVIDEND INCOME 70,296,000 61,980,000 56,758,000
INTEREST EXPENSE:      
Deposits 6,851,000 9,219,000 6,910,000
Borrowed funds 1,254,000 2,821,000 2,664,000
TOTAL INTEREST EXPENSE 8,105,000 12,040,000 9,574,000
NET INTEREST INCOME 62,191,000 49,940,000 47,184,000
Provision for loan losses 2,400,000 1,675,000 1,925,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 59,791,000 48,265,000 45,259,000
NON-INTEREST INCOME:      
Revenue from customers 6,660,000 6,926,000 6,512,000
Equity security (losses) gains, net (41,000) 120,000 0
Available for sale security gains (losses), net 305,000 24,000 (19,000)
Gains on loans sold 2,168,000 473,000 382,000
Earnings on bank owned life insurance 695,000 623,000 622,000
Other 1,974,000 568,000 588,000
TOTAL NON-INTEREST INCOME 11,422,000 8,386,000 7,735,000
NON-INTEREST EXPENSES:      
Salaries and employee benefits 24,190,000 20,456,000 19,094,000
Occupancy 2,557,000 2,174,000 2,126,000
Furniture and equipment 757,000 674,000 536,000
Professional fees 1,517,000 1,423,000 1,925,000
Federal depository insurance 476,000 75,000 417,000
Pennsylvania shares tax 868,000 808,000 835,000
Amortization of intangibles 216,000 259,000 296,000
Merger and acquisition 2,179,000 466,000 0
ORE expenses 451,000 376,000 158,000
Software expenses 1,155,000 948,000 876,000
Other 6,481,000 5,682,000 5,294,000
TOTAL NON-INTEREST EXPENSES 40,847,000 33,341,000 31,557,000
Income before provision for income taxes 30,366,000 23,310,000 21,437,000
Provision for income taxes 5,263,000 3,820,000 3,403,000
NET INCOME $ 25,103,000 $ 19,490,000 $ 18,034,000
PER COMMON SHARE DATA:      
EARNINGS PER SHARE - BASIC (in dollars per share) $ 6.60 $ 5.48 $ 5.04
EARNINGS PER SHARE - DILUTED (in dollars per share) 6.59 5.47 5.04
Cash Dividends Paid (in dollars per share) $ 1.92 $ 1.76 $ 1.71
Number of shares used in computation - basic (in shares) 3,805,682 3,559,150 3,577,992
Number of shares used in computation - diluted (in shares) 3,807,523 3,561,246 3,579,980
Service Charges [Member]      
NON-INTEREST INCOME:      
Revenue from customers $ 4,221,000 $ 4,687,000 $ 4,667,000
Trust [Member]      
NON-INTEREST INCOME:      
Revenue from customers 803,000 750,000 705,000
Brokerage and Insurance [Member]      
NON-INTEREST INCOME:      
Revenue from customers $ 1,297,000 $ 1,141,000 $ 790,000