SEGMENT REPORTING

3 Months Ended

Mar. 31, 2025

SEGMENT REPORTING

Segment Reporting Disclosure [Text Block]

13. SEGMENT REPORTING

The Corporation’s one reportable segment is determined by the President and Chief Executive Officer, who is the designated chief operating decision maker, based upon information provided about the Corporation’s products and services offered, primarily community banking operations. The chief operating decision maker uses consolidated net income to assess performance by comparing it to and monitoring it against budget and prior year results.  In addition, the chief operating decision maker uses the consolidated net income to benchmark the Corporation against its competitors. This information is used to manage resources to drive business and net earnings growth, including investment in key strategic priorities, as well as determine the Corporation's ability to return capital to shareholders. Loans, investments, deposits and assets held in a fiduciary or custodial capacity provide the revenues in the banking operation. Interest expense, provisions for credit losses, and payroll provide the significant expenses in the banking operation. All operations are domestic.

Segment performance is evaluated using consolidated net income.

	Three Months Ended
(In Thousands)		March 31, 2025		March 31, 2024
Interest income	$	31,709	$	30,336
Interest expense		11,734		11,295
Net interest income		19,975		19,041
Provision for credit losses		236		954
Net interest income after provision for credit losses		19,739		18,087
Other income:
Other income		7,008		6,675
Total other income		7,008		6,675
Other Expense:
Salaries and employee benefits		11,759		11,562
Other segment expenses (1)		7,284		6,742
Total noninterest expense		19,043		18,304
Income before income tax provision		7,704		6,458
Income tax provision		1,411		1,152
NET INCOME	$	6,293	$	5,306

(1 ) Other segment expenses included expenses for professional fees, data processing and telecommunications, occupancy and Pennsylvania shares tax.

The Corporation’s segment assets represent the total assets as presented in the consolidated balance sheets at March 31, 2025 and December 31, 2024.