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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest and fees on loans:      
Taxable $ 98,854 $ 78,599 $ 74,549
Tax-exempt 2,225 1,965 1,770
Income from available-for-sale debt securities:      
Taxable 8,555 8,360 5,114
Tax-exempt 2,427 3,001 2,684
Other interest and dividend income 1,443 722 384
Total interest and dividend income 113,504 92,647 84,501
INTEREST EXPENSE      
Interest on deposits 24,233 6,638 4,538
Interest on short-term borrowings 3,240 429 23
Interest on long-term borrowings - FHLB advances 4,230 896 399
Interest on senior notes, net 479 477 293
Interest on subordinated debt, net 922 1,079 1,309
Total interest expense 33,104 9,519 6,562
Net interest income 80,400 83,128 77,939
Provision for credit losses 186 7,255 3,661
Net interest income after provision for credit losses 80,214 75,873 74,278
NONINTEREST INCOME      
Trust revenue 7,413 6,994 7,234
Brokerage and insurance revenue 1,675 2,291 1,860
Net gains from sale of loans 723 757 3,428
Increase in cash surrender value of life insurance 2,703 545 573
Other noninterest income 4,610 3,698 3,580
Realized (losses) gains on available-for-sale debt securities, net (3,036) 20 24
Total noninterest income 24,417 24,432 25,881
NONINTEREST EXPENSE      
Salaries and employee benefits 44,195 41,833 37,603
Net occupancy and equipment expense 5,357 5,533 4,984
Data processing and telecommunications expense 7,582 6,806 5,903
Automated teller machine and interchange expense 1,682 1,601 1,433
Pennsylvania shares tax 1,602 1,956 1,951
Professional fees 2,497 2,005 2,243
Other noninterest expense 11,233 8,221 8,355
Total noninterest expense 74,148 67,955 62,472
Income before income tax provision 30,483 32,350 37,687
Income tax provision 6,335 5,732 7,133
NET INCOME $ 24,148 $ 26,618 $ 30,554
EARNINGS PER COMMON SHARE - BASIC (in dollars per share) $ 1.57 $ 1.71 $ 1.92
EARNINGS PER COMMON SHARE - DILUTED (in dollars per share) $ 1.57 $ 1.71 $ 1.92
Service charges on deposit accounts      
NONINTEREST INCOME      
Revenue $ 5,567 $ 5,019 $ 4,633
Interchange revenue from debit card transactions      
NONINTEREST INCOME      
Revenue 4,160 4,148 3,855
Loan servicing fees, net      
NONINTEREST INCOME      
Revenue $ 602 $ 960 $ 694