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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
INTEREST INCOME        
Interest and fees on loans and leases $ 29,590 $ 25,136 $ 87,755 $ 72,501
Interest and dividends on investment securities:        
U.S. Treasury and government agencies 285 278 688 1,409
State and political subdivision obligations, tax-exempt 279 265 834 734
Other securities 277 406 870 882
Total Interest and Dividends on Investment Securities 841 949 2,392 3,025
Interest on other interest-bearing balances 1 3 5 36
Interest on federal funds sold 308 34 485 447
Total Interest Income 30,740 26,122 90,637 76,009
INTEREST EXPENSE        
Interest on deposits 2,909 3,767 8,791 13,156
Interest on short-term borrowings 133 181 539 226
Interest on long-term and subordinated debt 704 766 2,111 2,208
Total Interest Expense 3,746 4,714 11,441 15,590
Net Interest Income 26,994 21,408 79,196 60,419
PROVISION FOR LOAN AND LEASE LOSSES 425 1,100 2,575 2,700
Net Interest Income After Provision for Loan and Lease Losses 26,569 20,308 76,621 57,719
NONINTEREST INCOME        
Net gain on sales of SBA loans 105 173 560 435
Earnings from cash surrender value of life insurance 74 75 223 227
Net gain on sales of investment securities 79 150 79 393
Other income 560 565 2,148 1,447
Total Noninterest Income 5,509 5,302 15,873 11,858
NONINTEREST EXPENSE        
Salaries and employee benefits 10,342 10,279 29,873 26,546
Occupancy expense, net 1,318 1,338 4,115 4,110
Equipment expense 745 713 2,237 2,148
Software licensing and utilization 1,551 1,363 4,493 3,881
Pennsylvania bank shares tax expense 498 409 1,022 869
FDIC Assessment 461 547 1,364 1,216
Legal and professional fees 610 336 1,591 1,037
Charitable contributions qualifying for State tax credits     635 545
Mortgage banking profit-sharing expense 1,140 390 2,005 540
Marketing and advertising expense 174 104 466 406
Telephone expense 134 134 409 405
Gain on sale or write-down of foreclosed assets, net (7) (8) (26) (8)
Intangible amortization 266 317 823 966
Merger and acquisition expense 198   720  
Other expenses 2,589 2,252 7,306 6,497
Total Noninterest Expense 20,019 18,174 57,033 49,158
INCOME BEFORE PROVISION FOR INCOME TAXES 12,059 7,436 35,461 20,419
Provision for income taxes 2,272 889 6,749 3,221
NET INCOME $ 9,787 $ 6,547 $ 28,712 $ 17,198
PER COMMON SHARE DATA:        
Basic and Diluted Earnings Per Common Share $ 0.86 $ 0.78 $ 2.85 $ 2.04
Cash Dividends Declared $ 0.20 $ 0.18 $ 0.59 $ 0.59
Income from Fiduciary and Wealth Management Activities [Member]        
NONINTEREST INCOME        
Non-interest Income $ 618 $ 462 $ 1,716 $ 1,267
Service Charges on Deposits [Member]        
NONINTEREST INCOME        
Non-interest Income 223 140 552 460
Mortgage Banking Income [Member]        
NONINTEREST INCOME        
Non-interest Income 3,162 3,107 8,382 5,927
ATM Debit Card Interchange Income [Member]        
NONINTEREST INCOME        
Non-interest Income 630 535 1,854 1,426
Merchant Services Income [Member]        
NONINTEREST INCOME        
Non-interest Income $ 58 $ 95 $ 359 $ 276