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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income    
Loans, including fees $ 17,222 $ 12,336
Interest and dividends on investments:    
Taxable interest 3,913 3,451
Tax exempt interest 275 365
Dividend income 45 8
Interest-earning deposits in other banks 2,354 423
Total interest income 23,809 16,583
Interest expense    
Deposits 6,504 3,429
Federal Reserve Bank borrowings 961 51
FHLB advances 2,527  
Subordinate notes 264 266
Total interest expense 10,256 3,746
Net interest income 13,553 12,837
Provision for credit losses - loans 490 467
Provision for credit losses - unfunded commitments (38) 62
Total provision for credit losses 452 529
Net interest income after credit loss expense 13,101 12,308
Noninterest income    
Wealth management fees 2,026 1,834
Loan service charges 206 302
Gain on sale of loans 58 73
Deposit service charges and fees 613 583
Other service charges and fees 488 432
Debit card income 536 502
Increase in cash surrender value of life insurance 112 108
Net losses on sales of debt securities (602)
Change in fair value of equity securities (41) (24)
Other 190 17
Total noninterest income 4,188 3,225
Noninterest Expense    
Salaries and employee benefits 7,727 6,936
Net occupancy 1,182 1,110
Marketing and advertising 519 519
Legal and professional 516 552
Data processing 1,423 1,060
Pennsylvania bank shares tax 125 223
FDIC Insurance 322 182
ATM/debit card processing 323 294
Telecommunications 111 100
Nonservice pension (29) (29)
Other 1,085 1,072
Total noninterest expense 13,304 12,019
Income before federal income taxes 3,985 3,514
Federal income tax expense 624 222
Net income $ 3,361 $ 3,292
Per share    
Basic earnings per share $ 0.77 $ 0.75
Diluted earnings per share $ 0.77 $ 0.75