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Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
INTEREST INCOME        
Interest and fees on loans $ 9,028,000 $ 10,242,000 $ 18,253,000 $ 20,608,000
Interest on balances with depository institutions 23,000 31,000 51,000 59,000
Interest on loans to political subdivisions 323,000 375,000 685,000 752,000
Interest on loans held for sale 12,000 23,000 33,000 32,000
Income from available-for-sale securities:        
Taxable 1,663,000 2,520,000 3,380,000 5,178,000
Tax-exempt 1,243,000 1,265,000 2,455,000 2,528,000
Dividends 63,000 73,000 145,000 148,000
Total interest and dividend income 12,355,000 14,529,000 25,002,000 29,305,000
INTEREST EXPENSE        
Interest on deposits 673,000 1,271,000 1,451,000 2,621,000
Interest on short-term borrowings 2,000 1,000 3,000 4,000
Interest on long-term borrowings 740,000 1,129,000 1,561,000 2,278,000
Total interest expense 1,415,000 2,401,000 3,015,000 4,903,000
Net interest income 10,940,000 12,128,000 21,987,000 24,402,000
Provision for loan losses 66,000 367,000 249,000 185,000
Net interest income after provision for loan losses 10,874,000 11,761,000 21,738,000 24,217,000
OTHER INCOME        
Service charges on deposit accounts 1,171,000 1,256,000 2,330,000 2,417,000
Service charges and fees 216,000 235,000 417,000 455,000
Trust and financial management revenue 1,045,000 960,000 1,989,000 1,889,000
Interchange revenue from debit card transactions 505,000 488,000 969,000 983,000
Net gains from sale of loans 587,000 373,000 1,132,000 638,000
Increase in cash surrender value of life insurance 99,000 117,000 192,000 236,000
Insurance commissions, fees and premiums 59,000 73,000 104,000 107,000
Other operating income 509,000 777,000 901,000 1,209,000
Sub-total 4,191,000 4,279,000 8,034,000 7,934,000
Total other-than-temporary impairment losses on available-for-sale securities 0 0 (25,000) (67,000)
Portion of (gain) loss recognized in other comprehensive loss (before taxes) 0 0 0 0
Net impairment losses recognized in earnings 0 0 (25,000) (67,000)
Realized gains on available-for-sale securities, net 100,000 203,000 1,284,000 268,000
Net realized gains on available-for-sale securities 100,000 203,000 1,259,000 201,000
Total other income 4,291,000 4,482,000 9,293,000 8,135,000
OTHER EXPENSES        
Salaries and wages 3,635,000 3,586,000 7,235,000 7,161,000
Pensions and other employee benefits 1,034,000 1,090,000 2,289,000 2,456,000
Occupancy expense, net 599,000 628,000 1,233,000 1,264,000
Furniture and equipment expense 483,000 461,000 977,000 943,000
FDIC Assessments 147,000 157,000 299,000 303,000
Pennsylvania shares tax 351,000 340,000 701,000 672,000
Loss on prepayment of debt 0 143,000 1,023,000 143,000
Other operating expense 2,271,000 2,059,000 4,339,000 3,935,000
Total other expenses 8,520,000 8,464,000 18,096,000 16,877,000
Income before income tax provision 6,645,000 7,779,000 12,935,000 15,475,000
Income tax provision 1,671,000 2,094,000 3,255,000 4,203,000
NET INCOME $ 4,974,000 $ 5,685,000 $ 9,680,000 $ 11,272,000
NET INCOME PER SHARE - BASIC (in Dollars per share) $ 0.40 $ 0.46 $ 0.78 $ 0.92
NET INCOME PER SHARE - DILUTED (in Dollars per share) $ 0.40 $ 0.46 $ 0.78 $ 0.92