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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income        
Loans, including fees $ 9,754 $ 9,188 $ 18,821 $ 18,569
Interest and dividends on investments:        
Taxable interest 2,168 1,755 4,010 3,377
Tax exempt interest 524 530 1,049 1,062
Dividend income 8 12 9 15
Interesting-bearing deposits in other banks 421 58 520 112
Total interest income 12,875 11,543 24,409 23,135
Interest expense        
Deposits 504 457 967 943
Subordinate notes 260 263 523 525
Total interest expense 764 720 1,490 1,468
Net interest income 12,111 10,823 22,919 21,667
Provision (credit) for loan losses   (1,100)   (1,900)
Net interest income after provision for loan losses 12,111 11,923 22,919 23,567
Noninterest income        
Investment and trust services fees 1,918 1,905 3,746 3,542
Loan service charges 240 227 356 423
Gain on sale of loans 255 555 509 1,337
Deposit service charges and fees 634 470 1,257 938
Other service charges and fees 437 420 849 816
Debit card income 438 576 896 1,093
Increase in cash surrender value of Bank owned life insurance 109 112 217 227
Net (losses) gains on sales of debt securities (19) 91 (19) 91
Change in fair value of equity securities 4 38 15 91
Other 75 95 150 158
Total noninterest income 4,091 4,489 7,976 8,716
Noninterest Expense        
Salaries and employee benefits 7,045 6,245 13,410 11,903
Net occupancy 979 856 1,952 1,766
Marketing and advertising 460 396 957 740
Legal and professional 484 498 999 973
Data processing 1,261 888 2,398 1,817
Pennsylvania bank shares tax 335 308 478 400
FDIC Insurance 170 179 353 382
ATM/debit card processing 360 329 706 625
Telecommunications 106 83 199 213
Nonservice pension 69 189 138 395
Other 760 140 1,706 1,063
Total noninterest expense 12,029 10,111 23,296 20,277
Income before federal income taxes 4,173 6,301 7,599 12,006
Federal income tax expense 595 1,030 1,009 1,905
Net income $ 3,578 $ 5,271 $ 6,590 $ 10,101
Per share        
Basic earnings per share $ 0.80 $ 1.19 $ 1.48 $ 2.29
Diluted earnings per share $ 0.80 $ 1.19 $ 1.47 $ 2.28