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Consolidated Statement of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
INTEREST AND DIVIDEND INCOME:      
Interest and fees on loans $ 74,265 $ 66,371 $ 63,538
Interest-bearing deposits with banks 400 447 401
Investment securities:      
Taxable 5,615 3,820 4,090
Nontaxable 2,454 2,201 1,869
Dividends 623 378 398
TOTAL INTEREST AND DIVIDEND INCOME 83,357 73,217 70,296
INTEREST EXPENSE:      
Deposits 7,316 5,837 6,851
Borrowed funds 3,907 1,268 1,254
TOTAL INTEREST EXPENSE 11,223 7,105 8,105
NET INTEREST INCOME 72,134 66,112 62,191
Provision for loan losses 1,683 1,550 2,400
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 70,451 64,562 59,791
NON-INTEREST INCOME:      
Service charges 5,346 4,755 4,221
Trust 803 865 803
Brokerage and insurance 1,895 1,625 1,297
Equity security gains (losses), net (247) 339 (41)
Available for sale security gains (losses), net (14) 212 305
Gains on loans sold 258 1,283 2,168
Earnings on bank owned life insurance 852 1,828 695
Other 845 1,398 1,974
TOTAL NON-INTEREST INCOME 9,738 12,305 11,422
NON-INTEREST EXPENSES:      
Salaries and employee benefits 27,837 25,902 24,190
Occupancy 3,138 2,966 2,557
Furniture and equipment 565 519 757
Professional fees 1,891 1,526 1,517
Federal depository insurance 676 522 476
Pennsylvania shares tax 907 880 868
Amortization of intangibles 156 192 216
Merger and acquisition 0 0 2,179
ORE expenses 17 439 451
Software expenses 1,446 1,321 1,155
Other 8,061 7,283 6,481
TOTAL NON-INTEREST EXPENSES 44,694 41,550 40,847
Income before provision for income taxes 35,495 35,317 30,366
Provision for income taxes 6,435 6,199 5,263
NET INCOME $ 29,060 $ 29,118 $ 25,103
PER COMMON SHARE DATA:      
EARNINGS PER SHARE - BASIC (in dollars per share) $ 7.32 $ 7.31 $ 6.46
EARNINGS PER SHARE - DILUTED (in dollars per share) 7.32 7.31 6.46
CASH DIVIDENDS PER SHARE (in dollars per share) $ 1.9 $ 1.84 $ 1.88
Number of shares used in computation - basic (in shares) 3,969,722 3,984,085 3,883,027
Number of shares used in computation - diluted (in shares) 3,969,722 3,984,085 3,884,868