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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
INTEREST INCOME        
Interest & fees on loans and leases $ 6,657 $ 6,962 $ 20,122 $ 19,717
Interest on interest-bearing balances 11 21 31 97
Interest and dividends on investment securities:        
U.S. Treasury and government agencies 359 170 994 393
State and political subdivision obligations, tax-exempt 563 466 1,618 1,442
Other securities 43 14 118 28
Interest on federal funds sold and securities purchased under agreements to resell       11
Total Interest Income 7,633 7,633 22,883 21,688
INTEREST EXPENSE        
Interest on deposits 953 1,068 2,921 3,403
Interest on short-term borrowings 5 12 26 19
Interest on long-term debt 131 112 369 519
Total Interest Expense 1,089 1,192 3,316 3,941
Net Interest Income 6,544 6,441 19,567 17,747
PROVISION FOR LOAN AND LEASE LOSSES 395 575 1,217 1,485
Net Interest Income After Provision for Loan and Lease Losses 6,149 5,866 18,350 16,262
NONINTEREST INCOME        
Income from fiduciary activities 120 111 445 360
Service charges on deposits 154 150 417 430
Gain on sales of investment securities   108 150 220
Earnings from cash surrender value of life insurance 50 58 152 174
Mortgage banking income 95 75 208 300
ATM debit card interchange income 138 130 403 376
Merchant services income 65 86 198 260
Gain on sales of SBA loans 19   97  
Other income 100 90 339 376
Total Noninterest Income 741 808 2,409 2,496
NONINTEREST EXPENSE        
Salaries and employee benefits 2,635 2,657 8,026 8,199
Occupancy expense, net 282 256 986 835
Equipment expense 297 323 908 984
Pennsylvania Bank Shares tax expense 64 104 272 365
FDIC Assessment 134 6 405 339
Legal and professional fees 101 191 366 511
Director fees and benefits expense 83 81 238 238
Marketing and advertising expense 95 87 227 192
Software licensing 238 239 687 666
Telephone expense 108 116 304 318
(Gain) loss on sale/write-down of foreclosed assets 52 (54) 109 (376)
Intangible amortization 8 8 22 22
Loan collection costs 76 32 229 178
Merger and acquisition expense 11   11  
Other expenses 745 700 1,945 1,924
Total Noninterest Expense 4,929 4,746 14,735 14,395
INCOME BEFORE PROVISION FOR INCOME TAXES 1,961 1,928 6,024 4,363
Provision for income taxes 366 440 1,211 824
NET INCOME 1,595 1,488 4,813 3,539
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS 1,507 1,400 4,550 3,303
PER COMMON SHARE DATA:        
Basic Earnings Per Common Share $ 0.43 $ 0.40 $ 1.30 $ 0.95
Cash Dividends $ 0.10 $ 0.05 $ 0.25 $ 0.10
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 $ 88 $ 263 $ 222