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CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
INTEREST INCOME:        
Interest and fees on loans $ 12,461 $ 10,304 $ 24,322 $ 20,021
Interest-bearing deposits with banks 66 45 124 80
Investment securities:        
Taxable 916 775 1,716 1,579
Nontaxable 474 601 1,001 1,269
Dividends 111 53 248 129
TOTAL INTEREST INCOME 14,028 11,778 27,411 23,078
INTEREST EXPENSE:        
Deposits 1,585 1,143 2,901 2,188
Borrowed funds 692 231 1,339 489
TOTAL INTEREST EXPENSE 2,277 1,374 4,240 2,677
NET INTEREST INCOME 11,751 10,404 23,171 20,401
Provision for loan losses 325 625 825 1,240
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 11,426 9,779 22,346 19,161
Non Interest Income [Abstract]        
Revenue from customers 1,566   3,187  
Gains on loans sold 60 148 132 249
Equity security gains, net 7 0 13 0
Available for sale security gains, net 0 23 0 195
Earnings on bank owned life insurance 154 167 306 333
Other 133 128 273 254
TOTAL NON-INTEREST INCOME 1,842 1,888 3,748 3,923
NON-INTEREST EXPENSES:        
Salaries and employee benefits 4,737 4,377 9,572 8,743
Occupancy 514 477 1,106 1,004
Furniture and equipment 122 146 264 285
Professional fees 262 258 557 568
FDIC insurance 107 95 207 200
Pennsylvania shares tax 300 243 600 524
Amortization of intangibles 74 73 150 149
Other real estate owned expenses 157 82 295 172
Other 1,429 1,415 2,783 2,712
TOTAL NON-INTEREST EXPENSES 7,702 7,166 15,534 14,357
Income before provision for income taxes 5,566 4,501 10,560 8,727
Provision for income taxes 875 1,033 1,622 1,956
NET INCOME $ 4,691 $ 3,468 $ 8,938 $ 6,771
PER COMMON SHARE DATA:        
Net Income - Basic (in dollars per share) $ 1.34 $ 0.99 $ 2.55 $ 1.93
Net Income - Diluted (in dollars per share) 1.34 0.99 2.55 1.93
Cash Dividends Paid (in dollars per share) $ 0.435 $ 0.401 $ 0.870 $ 0.802
Number of shares used in computation - basic (in shares) 3,507,242 3,514,394 3,509,882 3,513,925
Number of shares used in computation - diluted (in shares) 3,508,709 3,515,582 3,510,513 3,514,535
Service Charges [Member]        
Non Interest Income [Abstract]        
Revenue from customers $ 1,170 $ 1,120 $ 2,274 $ 2,178
Trust [Member]        
Non Interest Income [Abstract]        
Revenue from customers 150 188 401 409
Brokerage and Insurance [Member]        
Non Interest Income [Abstract]        
Revenue from customers $ 168 $ 114 $ 349 $ 305