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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest and fees on loans:    
Taxable $ 22,431 $ 18,549
Tax-exempt 571 454
Income from available-for-sale debt securities:    
Taxable 2,211 1,969
Tax-exempt 640 722
Other interest and dividend income 286 79
Total interest and dividend income 26,139 21,773
INTEREST EXPENSE    
Interest on deposits 3,230 910
Interest on short-term borrowings 1,097 1
Interest on long-term borrowings - FHLB advances 681 49
Interest on senior notes, net 120 118
Interest on subordinated debt, net 230 363
Total interest expense 5,358 1,441
Net interest income 20,781 20,332
(Credit) provision for credit losses (352) 891
Net interest income after (credit) provision for credit losses 21,133 19,441
NONINTEREST INCOME    
Brokerage and insurance revenue 430 522
Net gains from sale of loans 74 382
Increase in cash surrender value of life insurance 138 135
Other noninterest income 771 588
Realized gains on available-for-sale debt securities, net 7 2
Total noninterest income 5,616 5,823
NONINTEREST EXPENSE    
Salaries and employee benefits 11,427 10,607
Net occupancy and equipment expense 1,402 1,411
Data processing and telecommunications expense 1,936 1,623
Automated teller machine and interchange expense 475 384
Pennsylvania shares tax 403 488
Professional fees 937 489
Other noninterest expense 2,507 1,884
Total noninterest expense 19,087 16,886
Income before income tax provision 7,662 8,378
Income tax provision 1,409 1,483
NET INCOME $ 6,253 $ 6,895
EARNINGS PER COMMON SHARE - BASIC (in dollars per share) $ 0.40 $ 0.44
EARNINGS PER COMMON SHARE - DILUTED (in dollars per share) $ 0.40 $ 0.44
Trust revenue    
NONINTEREST INCOME    
Revenue $ 1,777 $ 1,786
Service charges on deposit accounts    
NONINTEREST INCOME    
Revenue 1,290 1,235
Interchange revenue from debit card transactions    
NONINTEREST INCOME    
Revenue 1,007 963
Loan servicing fees, net    
NONINTEREST INCOME    
Revenue $ 122 $ 210