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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
INTEREST INCOME        
Interest and fees on loans and leases $ 9,949 $ 8,905 $ 19,651 $ 17,712
Interest on interest-bearing balances 5 2 7 9
Interest and dividends on investment securities:        
U.S. Treasury and government agencies 574 311 1,019 633
State and political subdivision obligations, tax-exempt 264 548 580 1,012
Other securities 64 78 107 172
Interest on federal funds sold 23 15 74 18
Total Interest Income 10,879 9,859 21,438 19,556
INTEREST EXPENSE        
Interest on deposits 1,277 1,092 2,481 2,131
Interest on short-term borrowings 13 12 13 25
Interest on long-term and subordinated debt 179 222 359 452
Total Interest Expense 1,469 1,326 2,853 2,608
Net Interest Income 9,410 8,533 18,585 16,948
PROVISION FOR LOAN AND LEASE LOSSES 100 395 225 735
Net Interest Income After Provision for Loan and Lease Losses 9,310 8,138 18,360 16,213
NONINTEREST INCOME        
Income from fiduciary activities 200 139 396 245
Service charges on deposits 174 158 379 313
Net gain on sales of investment securities 12 213 20 213
Earnings from cash surrender value of life insurance 66 65 131 135
Mortgage banking income 225 246 416 432
ATM debit card interchange income 232 209 456 409
Merchant services income 92 85 166 152
Net gain on sales of SBA loans 157 75 441 265
Other income 204 208 393 466
Total Noninterest Income 1,362 1,398 2,798 2,630
NONINTEREST EXPENSE        
Salaries and employee benefits 4,159 3,723 8,389 7,446
Occupancy expense, net 593 499 1,241 1,046
Equipment expense 370 411 751 846
Pennsylvania bank shares tax expense 160 206 330 409
FDIC Assessment 194 147 388 300
Legal and professional fees 189 183 366 385
Marketing and advertising expense 131 139 238 223
Software licensing 370 334 699 665
Telephone expense 133 143 259 285
Loss on sale or write-down of foreclosed assets 6 28 88 132
Intangible amortization 24 34 53 71
Merger and acquisition expense 14   224  
Other expenses 1,215 1,074 2,334 2,095
Total Noninterest Expense 7,558 6,921 15,360 13,903
INCOME BEFORE PROVISION FOR INCOME TAXES 3,114 2,615 5,798 4,940
Provision for income taxes 769 593 1,459 1,113
NET INCOME $ 2,345 $ 2,022 $ 4,339 $ 3,827
PER COMMON SHARE DATA:        
Basic and Diluted Earnings Per Common Share $ 0.55 $ 0.48 $ 1.02 $ 0.91
Cash Dividends Paid $ 0.13 $ 0.12 $ 0.36 $ 0.34