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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest income        
Loans, including fees $ 15,308 $ 10,767 $ 41,712 $ 29,589
Interest and dividends on investments:        
Taxable interest 3,838 2,728 10,615 6,739
Tax exempt interest 277 521 956 1,570
Dividend income 11 5 30 14
Interesting-earnings deposits in other banks 720 1,022 1,934 1,542
Total interest income 20,154 15,043 55,247 39,454
Interest expense        
Deposits 5,127 717 12,934 1,684
Federal Reserve Bank borrowings 789   1,518  
FHLB advances 267   267  
Subordinate notes 264 263 790 787
Total interest expense 6,447 980 15,509 2,471
Net interest income 13,707 14,063 39,738 36,983
Provision for credit losses - loans 866   1,857  
Provision for credit losses - unfunded commitments 9   79  
Net interest income after credit loss expense 12,832 14,063 37,802 36,983
Noninterest income        
Investment and trust services fees 1,783 1,661 5,576 5,407
Loan service charges 235 177 658 533
Gain on sale of loans 33 183 150 692
Deposit service charges and fees 649 629 1,848 1,885
Other service charges and fees 472 443 1,334 1,293
Debit card income 568 497 1,618 1,393
Increase in cash surrender value of Bank owned life insurance 114 109 333 326
Net losses on sales of debt securities   (15) (1,119) (34)
Change in fair value of equity securities 7 (61) (25) (46)
Other 152 40 393 190
Total noninterest income 4,013 3,663 10,766 11,639
Noninterest Expense        
Salaries and employee benefits 6,982 7,050 21,202 20,403
Net occupancy 1,093 1,124 3,315 3,077
Marketing and advertising 531 433 1,600 1,391
Legal and professional 588 581 1,593 1,580
Data processing 1,300 1,146 3,478 3,544
Pennsylvania bank shares tax 174 335 571 813
FDIC Insurance 230 197 610 550
ATM/debit card processing 320 359 920 1,065
Telecommunications 103 114 300 313
Nonservice pension (29) 69 (88) 207
Lease termination     495  
Other 906 792 2,868 2,553
Total noninterest expense 12,198 12,200 36,864 35,496
Income before federal income taxes 4,647 5,526 11,704 13,126
Federal income tax expense 788 895 1,577 1,905
Net income $ 3,859 $ 4,631 $ 10,127 $ 11,221
Per share        
Basic earnings per share $ 0.89 $ 1.05 $ 2.31 $ 2.53
Diluted earnings per share $ 0.88 $ 1.05 $ 2.31 $ 2.52