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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest and fees on loans:        
Taxable $ 20,085 $ 18,529 $ 56,561 $ 56,095
Tax-exempt 505 450 1,426 1,300
Income from available-for-sale debt securities:        
Taxable 2,138 1,304 6,143 3,604
Tax-exempt 768 668 2,258 1,973
Other interest and dividend income 214 122 404 283
Total interest and dividend income 23,710 21,073 66,792 63,255
INTEREST EXPENSE        
Interest on deposits 1,972 1,063 4,012 3,558
Interest on short-term borrowings 179 0 302 22
Interest on long-term borrowings - FHLB advances 332 87 436 330
Interest on senior notes, net 119 118 357 175
Interest on subordinated debt, net 229 346 849 947
Total interest expense 2,831 1,614 5,956 5,032
Net interest income 20,879 19,459 60,836 58,223
Provision for loan losses 3,794 1,530 4,993 2,533
Net interest income after provision for loan losses 17,085 17,929 55,843 55,690
NONINTEREST INCOME        
Brokerage and insurance revenue 696 560 1,784 1,392
Net gains from sale of loans 131 797 733 2,786
Increase in cash surrender value of life insurance 133 139 405 434
Other noninterest income 622 665 2,666 2,837
Realized gains on available-for-sale debt securities, net 20 23 21 25
Total noninterest income 5,671 6,382 18,323 19,466
NONINTEREST EXPENSE        
Salaries and employee benefits 10,826 9,427 31,698 27,821
Net occupancy and equipment expense 1,498 1,217 4,217 3,740
Data processing and telecommunications expense 1,719 1,475 5,062 4,342
Automated teller machine and interchange expense 397 357 1,128 1,049
Pennsylvania shares tax 487 482 1,463 1,463
Professional fees 521 538 1,490 1,683
Other noninterest expense 1,995 1,850 6,310 6,356
Total noninterest expense 17,443 15,346 51,368 46,454
Income before income tax provision 5,313 8,965 22,798 28,702
Income tax provision 858 1,566 3,959 5,456
NET INCOME $ 4,455 $ 7,399 $ 18,839 $ 23,246
EARNINGS PER COMMON SHARE - BASIC (in dollars per share) $ 0.29 $ 0.47 $ 1.21 $ 1.46
EARNINGS PER COMMON SHARE - DILUTED (in dollars per share) $ 0.29 $ 0.47 $ 1.21 $ 1.46
Trust revenue        
NONINTEREST INCOME        
Revenue $ 1,744 $ 1,821 $ 5,245 $ 5,254
Service charges on deposit accounts        
NONINTEREST INCOME        
Revenue 1,105 1,249 3,662 3,337
Interchange revenue from debit card transactions        
NONINTEREST INCOME        
Revenue 1,031 975 3,050 2,854
Loan servicing fees, net        
NONINTEREST INCOME        
Revenue $ 189 $ 153 $ 757 $ 547