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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
INTEREST INCOME        
Interest & fees on loans and leases $ 8,743 $ 6,925 $ 15,897 $ 13,465
Interest on interest-bearing balances 11 10 22 20
Interest and dividends on investment securities:        
U.S. Treasury and government agencies 304 358 635 635
State and political subdivision obligations, tax-exempt 517 536 1,048 1,055
Other securities 68 41 199 75
Interest on federal funds sold and securities purchased under agreements to resell 1   1  
Total Interest Income 9,644 7,870 17,802 15,250
INTEREST EXPENSE        
Interest on deposits 980 990 1,894 1,968
Interest on short-term borrowings 11 7 22 21
Interest on long-term debt 167 122 362 238
Total Interest Expense 1,158 1,119 2,278 2,227
Net Interest Income 8,486 6,751 15,524 13,023
PROVISION FOR LOAN AND LEASE LOSSES 300 275 600 822
Net Interest Income After Provision for Loan and Lease Losses 8,186 6,476 14,924 12,201
NONINTEREST INCOME        
Income from fiduciary activities 120 167 247 325
Service charges on deposits 167 136 317 263
Net gain on sales of investment securities     177 150
Earnings from cash surrender value of life insurance 71 51 127 102
Mortgage banking income 153 75 220 113
ATM debit card interchange income 196 139 351 265
Merchant services income 61 66 111 133
Net gain on sales of SBA loans 143 27 143 78
Other income 182 113 349 239
Total Noninterest Income 1,093 774 2,042 1,668
NONINTEREST EXPENSE        
Salaries and employee benefits 3,440 2,843 6,760 5,391
Occupancy expense, net 496 322 950 704
Equipment expense 422 310 735 611
Pennsylvania Bank Shares tax expense 116 109 231 208
FDIC Assessment 165 139 304 271
Legal and professional fees 161 168 304 265
Director fees and benefits expense 92 76 175 155
Marketing and advertising expense 147 84 235 132
Software licensing 404 212 723 449
Telephone expense 140 100 263 196
(Gain) loss on sale/write-down of foreclosed assets (15) (30) 17 57
Intangible amortization 26 7 35 14
Loan collection costs 88 82 168 153
Merger and acquisition expense     784  
Other expenses 960 646 1,598 1,200
Total Noninterest Expense 6,642 5,068 13,282 9,806
INCOME BEFORE PROVISION FOR INCOME TAXES 2,637 2,182 3,684 4,063
Provision for income taxes 593 475 677 845
NET INCOME 2,044 1,707 3,007 3,218
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 1,952 $ 1,619 $ 2,828 $ 3,043
PER COMMON SHARE DATA:        
Basic Earnings Per Common Share $ 0.46 $ 0.46 $ 0.71 $ 0.87
Cash Dividends $ 0.10 $ 0.10 $ 0.20 $ 0.15
Series B Preferred Stock [Member]        
NONINTEREST EXPENSE        
Preferred stock dividends $ 88 $ 88 $ 175 $ 175
Series C Preferred Stock [Member]        
NONINTEREST EXPENSE        
Preferred stock dividends $ 4   $ 4