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CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
INTEREST INCOME:    
Interest and fees on loans $ 13,314 $ 11,861
Interest-bearing deposits with banks 104 58
Investment securities:    
Taxable 1,108 800
Nontaxable 357 527
Dividends 134 137
TOTAL INTEREST INCOME 15,017 13,383
INTEREST EXPENSE:    
Deposits 2,314 1,316
Borrowed funds 788 647
TOTAL INTEREST EXPENSE 3,102 1,963
NET INTEREST INCOME 11,915 11,420
Provision for loan losses 400 500
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 11,515 10,920
NON-INTEREST INCOME:    
Revenue from customers 1,735 1,621
Gains on loans sold 99 72
Equity security gains, net 11 6
Earnings on bank owned life insurance 151 152
Other 148 140
TOTAL NON-INTEREST INCOME 2,033 1,906
NON-INTEREST EXPENSES:    
Salaries and employee benefits 5,029 4,835
Occupancy 592 592
Furniture and equipment 155 142
Professional fees 442 399
FDIC insurance 111 100
Pennsylvania shares tax 275 300
Amortization of intangibles 66 76
ORE expenses 107 34
Other 1,545 1,354
TOTAL NON-INTEREST EXPENSES 8,322 7,832
Income before provision for income taxes 5,226 4,994
Provision for income taxes 821 747
NET INCOME $ 4,405 $ 4,247
PER COMMON SHARE DATA:    
Net Income - Basic (in dollars per share) $ 1.26 $ 1.21
Net Income - Diluted (in dollars per share) $ 1.26 $ 1.21
Number of shares used in computation - basic (in shares) 3,494,010 3,512,552
Number of shares used in computation - diluted (in shares) 3,494,010 3,512,915
Service Charges [Member]    
NON-INTEREST INCOME:    
Revenue from customers $ 1,099 $ 1,104
Trust [Member]    
NON-INTEREST INCOME:    
Revenue from customers 232 251
Brokerage and Insurance [Member]    
NON-INTEREST INCOME:    
Revenue from customers $ 293 $ 181