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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
INTEREST INCOME        
Interest & fees on loans and leases $ 6,925 $ 6,494 $ 13,465 $ 12,755
Interest on interest-bearing balances 10 29 20 76
Interest and dividends on investment securities:        
U.S. Treasury and government agencies 358 123 635 223
State and political subdivision obligations, tax-exempt 536 493 1,055 976
Other securities 41 8 75 14
Interest on federal funds sold and securities purchased under agreements to resell   6   11
Total Interest Income 7,870 7,153 15,250 14,055
INTEREST EXPENSE        
Interest on deposits 990 1,130 1,968 2,335
Interest on short-term borrowings 7 7 21 7
Interest on long-term debt 122 169 238 407
Total Interest Expense 1,119 1,306 2,227 2,749
Net Interest Income 6,751 5,847 13,023 11,306
PROVISION FOR LOAN AND LEASE LOSSES 275 415 822 910
Net Interest Income After Provision for Loan and Lease Losses 6,476 5,432 12,201 10,396
NONINTEREST INCOME        
Income from fiduciary activities 167 110 325 249
Service charges on deposits 136 146 263 280
Net gain on sales of investment securities   112 150 112
Earnings from cash surrender value of life insurance 51 58 102 116
Mortgage banking income 75 115 113 225
ATM debit card interchange income 139 127 265 246
Merchant services income 66 87 133 174
Net gain on sales of SBA loans 27   78  
Other income 113 83 239 286
Total Noninterest Income 774 838 1,668 1,688
NONINTEREST EXPENSE        
Salaries and employee benefits 2,843 2,685 5,391 5,542
Occupancy expense, net 322 269 704 579
Equipment expense 310 345 611 661
Pennsylvania Bank Shares tax expense 109 133 208 261
FDIC Assessment 139 131 271 333
Legal and professional fees 168 166 265 320
Director fees and benefits expense 76 77 155 157
Marketing and advertising expense 84 62 132 105
Software licensing 212 246 449 427
Telephone expense 100 104 196 202
(Gain) loss on sale/write-down of foreclosed assets (30) (303) 57 (322)
Intangible amortization 7 7 14 14
Loan collection costs 82 76 153 146
Other expenses 646 614 1,200 1,224
Total Noninterest Expense 5,068 4,612 9,806 9,649
INCOME BEFORE PROVISION FOR INCOME TAXES 2,182 1,658 4,063 2,435
Provision for income taxes 475 292 845 384
NET INCOME 1,707 1,366 3,218 2,051
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS 1,619 1,279 3,043 1,903
PER COMMON SHARE DATA:        
Basic Earnings Per Common Share $ 0.46 $ 0.37 $ 0.87 $ 0.55
Cash Dividends $ 0.10 $ 0.05 $ 0.15 $ 0.05
Series A Preferred Stock [Member]
       
NONINTEREST EXPENSE        
Preferred stock dividends and discount accretion       14
Series B Preferred Stock [Member]
       
NONINTEREST EXPENSE        
Preferred stock dividends $ 88 $ 87 $ 175 $ 134