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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
INTEREST INCOME        
Interest and fees on loans $ 7,753,000 $ 8,085,000 $ 15,462,000 $ 16,083,000
Interest on balances with depository institutions 25,000 32,000 51,000 62,000
Interest on loans to political subdivisions 391,000 334,000 740,000 707,000
Interest on mortgages held for sale 3,000 5,000 5,000 8,000
Income from available-for-sale securities:        
Taxable 1,934,000 1,961,000 3,908,000 3,763,000
Tax-exempt 1,013,000 1,080,000 2,029,000 2,191,000
Dividends 67,000 66,000 154,000 155,000
Total interest and dividend income 11,186,000 11,563,000 22,349,000 22,969,000
INTEREST EXPENSE        
Interest on deposits 479,000 553,000 965,000 1,107,000
Interest on short-term borrowings 5,000 1,000 6,000 6,000
Interest on long-term borrowings 692,000 736,000 1,418,000 1,465,000
Total interest expense 1,176,000 1,290,000 2,389,000 2,578,000
Net interest income 10,010,000 10,273,000 19,960,000 20,391,000
Provision for loan losses 221,000 446,000 224,000 135,000
Net interest income after provision for loan losses 9,789,000 9,827,000 19,736,000 20,256,000
OTHER INCOME        
Service charges on deposit accounts 1,305,000 1,314,000 2,327,000 2,537,000
Service charges and fees 123,000 134,000 236,000 261,000
Trust and financial management revenue 1,241,000 1,138,000 2,355,000 2,185,000
Brokerage revenue 206,000 242,000 425,000 469,000
Insurance commissions, fees and premiums 23,000 27,000 63,000 59,000
Interchange revenue from debit card transactions 500,000 517,000 974,000 970,000
Net gains from sale of loans 183,000 265,000 330,000 416,000
(Decrease) increase in fair value of servicing rights (33,000) (53,000) (150,000) 52,000
Increase in cash surrender value of life insurance 102,000 91,000 199,000 179,000
Net loss from premises and equipment 0 (1,000) 0 (1,000)
Other operating income 312,000 306,000 690,000 604,000
Sub-total 3,962,000 3,980,000 7,449,000 7,731,000
Realized gains on available-for-sale securities, net 932,000 103,000 1,006,000 134,000
Total other income 4,894,000 4,083,000 8,455,000 7,865,000
OTHER EXPENSES        
Salaries and wages 3,603,000 3,646,000 7,090,000 7,211,000
Pensions and other employee benefits 935,000 1,153,000 2,320,000 2,472,000
Occupancy expense, net 640,000 641,000 1,362,000 1,356,000
Furniture and equipment expense 467,000 466,000 921,000 938,000
FDIC Assessments 148,000 146,000 299,000 293,000
Pennsylvania shares tax 317,000 337,000 566,000 678,000
Professional fees 113,000 144,000 235,000 292,000
Automated teller machine and interchange expense 255,000 218,000 501,000 429,000
Software subscriptions 211,000 201,000 408,000 391,000
Loss on prepayment of debt 910,000 0 910,000 0
Other operating expense 1,275,000 1,395,000 2,726,000 2,811,000
Total other expenses 8,874,000 8,347,000 17,338,000 16,871,000
Income before income tax provision 5,809,000 5,563,000 10,853,000 11,250,000
Income tax provision 1,452,000 1,400,000 2,681,000 2,799,000
NET INCOME $ 4,357,000 $ 4,163,000 $ 8,172,000 $ 8,451,000
NET INCOME PER SHARE - BASIC (in Dollars per share) $ 0.36 $ 0.33 $ 0.67 $ 0.68
NET INCOME PER SHARE - DILUTED (in Dollars per share) $ 0.36 $ 0.33 $ 0.67 $ 0.68