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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
INTEREST INCOME        
Interest and fees on loans and leases $ 9,134 $ 8,448 $ 26,846 $ 24,345
Interest on interest-bearing balances 2 12 11 34
Interest and dividends on investment securities:        
U.S. Treasury and government agencies 339 293 972 928
State and political subdivision obligations, tax-exempt 550 484 1,562 1,532
Other securities 64 102 236 301
Interest on federal funds sold 36   54 1
Total Interest Income 10,125 9,339 29,681 27,141
INTEREST EXPENSE        
Interest on deposits 1,162 987 3,293 2,881
Interest on short-term borrowings   14 15 36
Interest on long-term and subordinated debt 205 149 657 511
Total Interest Expense 1,367 1,150 3,965 3,428
Net Interest Income 8,758 8,189 25,716 23,713
PROVISION FOR LOAN AND LEASE LOSSES 585 265 1,320 865
Net Interest Income After Provision for Loan and Lease Losses 8,173 7,924 24,396 22,848
NONINTEREST INCOME        
Income from fiduciary activities 104 120 349 367
Service charges on deposits 171 186 484 503
Net gain on sales of investment securities 200 138 413 315
Earnings from cash surrender value of life insurance 65 71 200 198
Mortgage banking income 266 106 698 326
ATM debit card interchange income 214 189 623 540
Merchant services income 89 64 241 175
Net gain on sales of SBA loans 89 73 354 216
Other income 221 138 687 487
Total Noninterest Income 1,419 1,085 4,049 3,127
NONINTEREST EXPENSE        
Salaries and employee benefits 3,982 3,471 11,428 10,231
Occupancy expense, net 496 498 1,542 1,448
Equipment expense 412 346 1,258 1,081
Pennsylvania Bank Shares Tax expense 197 106 606 337
FDIC Assessment 134 166 434 470
Legal and professional fees 130 151 515 455
Marketing and advertising expense 146 137 369 372
Software licensing 350 380 1,015 1,103
Telephone expense 135 169 420 432
Loss on sale or write-down of foreclosed assets 26 47 158 64
Intangible amortization 31 36 102 79
Merger and acquisition expense       762
Other expenses 1,126 1,062 3,231 3,017
Total Noninterest Expense 7,165 6,569 21,078 19,851
INCOME BEFORE PROVISION FOR INCOME TAXES 2,427 2,440 7,367 6,124
Provision for income taxes 526 546 1,639 1,223
NET INCOME 1,901 1,894 5,728 4,901
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 1,901 $ 1,802 $ 5,728 $ 4,630
PER COMMON SHARE DATA:        
Basic Earnings Per Common Share $ 0.45 $ 0.43 $ 1.35 $ 1.14
Cash Dividends Paid $ 0.12 $ 0.12 $ 0.46 $ 0.32
Series B Preferred Stock [Member]        
NONINTEREST EXPENSE        
Preferred stock dividends   $ 88   $ 263
Series C Preferred Stock [Member]        
NONINTEREST EXPENSE        
Preferred stock dividends   $ 4   $ 8