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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest income        
Loans, including fees $ 8,826 $ 9,413 $ 27,035 $ 28,241
Interest and dividends on investments: Taxable interest 448 603 1,332 1,821
Interest and dividends on investments: Tax exempt interest 380 353 1,112 1,027
Interest and dividends on investments: Dividend income 18 17 53 67
Deposits and obligations of other banks 56 17 148 43
Total interest income 9,728 10,403 29,680 31,199
Interest expense        
Deposits 1,262 1,725 4,020 5,153
Securities sold under agreements to repurchase 20 40 59 113
Short-term borrowings 0 0 0 1
Long-term debt 410 522 1,390 1,837
Total interest expense 1,692 2,287 5,469 7,104
Net interest income 8,036 8,116 24,211 24,095
Provision for loan losses 825 2,775 3,600 5,442
Net interest income after provision for loan losses 7,211 5,341 20,611 18,653
Noninterest income        
Investment and trust services fees 957 953 2,984 2,943
Loan service charges 328 197 869 909
Mortgage banking activities (27) (53) (8) (88)
Deposit service charges and fees 479 518 1,432 1,652
Other service charges and fees 209 164 657 414
Debit card income 288 257 859 753
Increase in cash surrender value of life insurance 159 169 493 508
Other (157) 70 (15) 176
OTTI losses on securities (162) 0 (162) (271)
Loss recognized in other comprehensive income (before taxes) (112) 0 (112) (216)
Net OTTI losses recognized in earnings (50) 0 (50) (55)
Securities gains, net 23 138 44 150
Total noninterest income 2,209 2,413 7,265 7,362
Noninterest expense        
Salaries and benefits 4,141 3,796 12,097 11,392
Net occupancy expense 499 495 1,510 1,523
Furniture and equipment expense 226 194 653 631
Advertising 315 356 1,024 1,000
Legal and professional fees 252 287 791 801
Data processing 382 339 1,234 1,208
Pennsylvania bank shares tax 187 173 560 510
Intangible amortization 109 112 327 335
FDIC insurance 274 256 803 822
Other 970 988 2,963 3,228
Total noninterest expense 7,355 6,996 21,962 21,450
Income before federal income taxes 2,065 758 5,914 4,565
Federal income tax (benefit) expense 318 (301) 893 (102)
Net income $ 1,747 $ 1,059 $ 5,021 $ 4,667
Per share        
Basic earnings per share $ 0.43 $ 0.27 $ 1.24 $ 1.18
Diluted earnings per share $ 0.43 $ 0.27 $ 1.24 $ 1.18
Cash dividends declared per share $ 0.17 $ 0.27 $ 0.61 $ 0.81