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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income        
Loans, including fees $ 9,680 $ 11,125 $ 19,848 $ 22,134
Interest and dividends on investments:        
Taxable interest 1,048 575 2,110 1,114
Tax exempt interest 352 281 524 620
Dividend income 3 12 9 16
Interesting-bearing deposits in other banks 82 403 340 499
Total interest income 11,165 12,396 22,831 24,383
Interest expense        
Deposits 833 1,833 2,246 3,457
Short-term borrowings       36
Total interest expense 833 1,833 2,246 3,493
Net interest income 10,332 10,563 20,585 20,890
Provision for loan losses 1,975   4,975 399
Net interest income after provision for loan losses 8,357 10,563 15,610 20,491
Noninterest income        
Investment and trust services fees 1,590 1,647 3,035 3,099
Loan service charges 502 228 786 431
Deposit service charges and fees 397 603 962 1,149
Other service charges and fees 336 381 683 734
Debit card income 438 464 857 866
Increase in cash surrender value of life insurance 112 128 236 255
Life insurance gain     812  
Net (losses)/gains on sales of debt securities   229 (10) 253
Change in fair value of equity securities 27 13 (100) 16
Other 10 3 40 59
Total noninterest income 3,412 3,696 7,301 6,862
Noninterest Expense        
Salaries and employee benefits 5,382 5,355 10,916 10,797
Net occupancy 865 858 1,695 1,715
Marketing and advertising 464 481 919 883
Legal and professional 430 471 825 901
Data processing 834 738 1,641 1,443
Pennsylvania bank shares tax 263 243 438 486
FDIC Insurance 88      
FDIC Insurance   115 148 180
ATM/debit card processing 279 247 543 505
Telecommunications 108 107 213 211
Other 931 991 1,835 1,896
Total noninterest expense 9,644 9,606 19,173 19,017
Income before federal income taxes 2,125 4,653 3,738 8,336
Federal income tax (benefit) expense (942) 669 (1,048) 1,115
Net income $ 3,067 $ 3,984 $ 4,786 $ 7,221
Per share        
Basic earnings per share $ 0.71 $ 0.91 $ 1.10 $ 1.64
Diluted earnings per share $ 0.71 $ 0.90 $ 1.10 $ 1.63