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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
INTEREST INCOME        
Interest and fees on loans and leases $ 25,136 $ 22,573 $ 72,501 $ 65,865
Interest and dividends on investment securities:        
U.S. Treasury and government agencies 278 701 1,409 2,433
State and political subdivision obligations, tax-exempt 265 495 734 1,698
Other securities 406 215 882 597
Total interest and dividends on investment securities 949 1,411 3,025 4,728
Interest on other interest-bearing balances 3 23 36 80
Interest on federal funds sold 34 506 447 704
Total Interest Income 26,122 24,513 76,009 71,377
INTEREST EXPENSE        
Interest on deposits 3,767 5,830 13,156 15,692
Interest on short-term borrowings 181 69 226 458
Interest on long-term and subordinated debt 766 847 2,208 2,384
Total Interest Expense 4,714 6,746 15,590 18,534
Net Interest Income 21,408 17,767 60,419 52,843
PROVISION FOR LOAN AND LEASE LOSSES 1,100 565 2,700 1,155
Net Interest Income After Provision for Loan and Lease Losses 20,308 17,202 57,719 51,688
NONINTEREST INCOME        
Net gain on sales of SBA loans 173 275 435 710
Earnings from cash surrender value of life insurance 75 79 227 236
Net gain on sales of investment securities 150 46 393 70
Other income 565 347 1,447 1,096
Total Noninterest Income 5,302 3,003 11,858 7,926
NONINTEREST EXPENSE        
Salaries and employee benefits 10,279 8,425 26,546 23,970
Occupancy expense, net 1,338 1,232 4,110 3,977
Equipment expense 713 671 2,148 1,956
Pennsylvania bank shares tax expense 409 359 869 740
FDIC Assessment 547 (131) 1,216 542
Legal and professional fees 336 311 1,037 1,204
Marketing and advertising expense 104 238 406 643
Software licensing and utilization 1,363 1,150 3,881 3,282
Telephone expense 134 150 405 465
Gain on sale or write-down of foreclosed assets, net (8) (36) (8) (22)
Intangible amortization 317 355 966 1,078
Other expenses 2,642 1,959 7,582 5,947
Total Noninterest Expense 18,174 14,683 49,158 43,782
INCOME BEFORE PROVISION FOR INCOME TAXES 7,436 5,522 20,419 15,832
Provision for income taxes 889 709 3,221 2,539
NET INCOME $ 6,547 $ 4,813 $ 17,198 $ 13,293
PER COMMON SHARE DATA:        
Basic and Diluted Earnings Per Common Share $ 0.78 $ 0.57 $ 2.04 $ 1.57
Cash Dividends Paid $ 0.18 $ 0.18 $ 0.59 $ 0.61
Income from Fiduciary and Wealth Management Activities [Member]        
NONINTEREST INCOME        
Non-interest Income $ 462 $ 386 $ 1,267 $ 1,092
Service Charges on Deposits [Member]        
NONINTEREST INCOME        
Non-interest Income 140 230 460 665
Mortgage Banking Income [Member]        
NONINTEREST INCOME        
Non-interest Income 3,107 1,091 5,927 2,605
ATM Debit Card Interchange Income [Member]        
NONINTEREST INCOME        
Non-interest Income 535 434 1,426 1,148
Merchant Services Income [Member]        
NONINTEREST INCOME        
Non-interest Income $ 95 $ 115 $ 276 $ 304