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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
INTEREST INCOME    
Interest and fees on loans and leases $ 28,330 $ 22,249
Interest and dividends on investment securities:    
U.S. Treasury and government agencies 178 671
State and political subdivision obligations, tax-exempt 277 221
Other securities 302 153
Total interest and dividends on investment securities 757 1,045
Interest on other interest-bearing balances 2 15
Interest on federal funds sold 79 390
Total Interest Income 29,168 23,699
INTEREST EXPENSE    
Interest on deposits 2,966 5,380
Interest on short-term borrowings 174  
Interest on long-term and subordinated debt 703 654
Total Interest Expense 3,843 6,034
Net Interest Income 25,325 17,665
PROVISION FOR LOAN AND LEASE LOSSES 1,000 550
Net Interest Income After Provision for Loan and Lease Losses 24,325 17,115
NONINTEREST INCOME    
Net gain on sales of SBA loans 100 84
Earnings from cash surrender value of life insurance 74 76
Net gain on sales of investment securities   132
Other income 791 372
Total Noninterest Income 4,712 2,934
NONINTEREST EXPENSE    
Salaries and employee benefits 9,598 8,281
Occupancy expense, net 1,480 1,439
Equipment expense 751 713
Software licensing and utilization 1,445 1,221
Pennsylvania bank shares tax expense 300 405
FDIC Assessment 470 312
Legal and professional fees 426 352
Charitable contributions qualifying for State tax credits 270 35
Marketing and advertising expense 135 204
Telephone expense 136 134
Intangible amortization 281 323
Other expenses 2,146 2,162
Total Noninterest Expense 17,558 15,581
Mortgage banking profit-sharing expense 120  
INCOME BEFORE PROVISION FOR INCOME TAXES 11,479 4,468
Provision for income taxes 2,167 650
NET INCOME $ 9,312 $ 3,818
PER COMMON SHARE DATA:    
Basic Earnings Per Common Share $ 1.11 $ 0.45
Diluted Earnings Per Common Share 1.10 0.45
Cash Dividends Declared $ 0.19 $ 0.23
Income from Fiduciary and Wealth Management Activities [Member]    
NONINTEREST INCOME    
Non-interest Income $ 556 $ 384
Service Charges on Deposits [Member]    
NONINTEREST INCOME    
Non-interest Income 152 205
Mortgage Banking Income [Member]    
NONINTEREST INCOME    
Non-interest Income 2,379 1,182
ATM Debit Card Interchange Income [Member]    
NONINTEREST INCOME    
Non-interest Income 568 416
Merchant Services Income [Member]    
NONINTEREST INCOME    
Non-interest Income $ 92 $ 83