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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income    
Loans, including fees $ 12,336 $ 9,067
Interest and dividends on investments:    
Taxable interest 3,451 1,843
Tax exempt interest 365 525
Dividend income 8 1
Interesting-earnings deposits in other banks 423 98
Total interest income 16,583 11,534
Interest expense    
Deposits 3,429 463
Short-term borrowings 51  
Subordinate notes 266 263
Total interest expense 3,746 726
Net interest income 12,837 10,808
Provision for credit losses - loans 467  
Provision for credit losses - unfunded commitments 62  
Net interest income after credit loss expense 12,308 10,808
Noninterest income    
Investment and trust services fees 1,834 1,828
Loan service charges 302 116
Gain on sale of loans 73 254
Deposit service charges and fees 583 623
Other service charges and fees 432 412
Debit card income 502 458
Increase in cash surrender value of Bank owned life insurance 108 108
Net (losses) gains on sales of debt securities (602)
Change in fair value of equity securities (24) 11
Other 17 74
Total noninterest income 3,225 3,884
Noninterest Expense    
Salaries and employee benefits 6,936 6,347
Net occupancy 1,110 974
Marketing and advertising 519 497
Legal and professional 552 515
Data processing 1,060 1,137
Pennsylvania bank shares tax 223 143
FDIC Insurance 182 183
ATM/debit card processing 294 346
Telecommunications 100 92
Nonservice pension (29) 69
Other 1,072 963
Total noninterest expense 12,019 11,266
Income before federal income taxes 3,514 3,426
Federal income tax expense 222 414
Net income $ 3,292 $ 3,012
Per share    
Basic earnings per share $ 0.75 $ 0.68
Diluted earnings per share $ 0.75 $ 0.67