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CONSOLIDATED STATEMENT OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
INTEREST INCOME:    
Interest and fees on loans $ 35,556 $ 35,133
Interest-bearing deposits with banks 143 243
Investment securities:    
Taxable 2,339 1,624
Nontaxable 547 532
Dividends 429 401
TOTAL INTEREST INCOME 39,014 37,933
INTEREST EXPENSE:    
Deposits 12,294 12,321
Borrowed funds 3,718 4,654
TOTAL INTEREST EXPENSE 16,012 16,975
NET INTEREST INCOME 23,002 20,958
Provision for credit losses 625 785
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 22,377 20,173
NON-INTEREST INCOME:    
Service charges 1,291 1,372
Trust 224 244
Brokerage and insurance 683 665
Gains on loans sold 272 417
Equity security (losses) gains, net (11) 55
Gain on sale of Braavo division 0 1,102
Earnings on bank owned life insurance 346 668
Other 622 448
TOTAL NON-INTEREST INCOME 3,427 4,971
NON-INTEREST EXPENSES:    
Salaries and employee benefits 10,289 10,290
Occupancy 1,356 1,324
Furniture and equipment 265 236
Professional fees 517 703
FDIC insurance 450 525
Pennsylvania shares tax 319 310
Amortization of intangibles 127 149
Software expenses 432 514
ORE expenses (recovery) 119 (13)
Other 2,554 2,605
TOTAL NON-INTEREST EXPENSES 16,428 16,643
Income before provision for income taxes 9,376 8,501
Provision for income taxes 1,755 1,477
NET INCOME $ 7,621 $ 7,024
PER COMMON SHARE DATA:    
Net Income - Basic (in dollars per share) $ 1.6 $ 1.48
Net Income - Diluted (in dollars per share) 1.6 1.48
Cash Dividends Paid (in dollars per share) $ 0.495 $ 0.485
Number of shares used in computation - basic (in shares) 4,750,538 4,748,442
Number of shares used in computation - diluted (in shares) 4,751,943 4,748,442