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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
INTEREST INCOME        
Interest & fees on loans and leases $ 8,448 $ 6,657 $ 24,345 $ 20,122
Interest on interest-bearing balances 12 11 34 31
Interest and dividends on investment securities:        
U.S. Treasury and government agencies 293 359 928 994
State and political subdivision obligations, tax-exempt 484 563 1,532 1,618
Other securities 102 43 301 118
Interest on federal funds sold and securities purchased under agreements to resell     1  
Total Interest Income 9,339 7,633 27,141 22,883
INTEREST EXPENSE        
Interest on deposits 987 953 2,881 2,921
Interest on short-term borrowings 14 5 36 26
Interest on long-term debt 149 131 511 369
Total Interest Expense 1,150 1,089 3,428 3,316
Net Interest Income 8,189 6,544 23,713 19,567
PROVISION FOR LOAN AND LEASE LOSSES 265 395 865 1,217
Net Interest Income After Provision for Loan and Lease Losses 7,924 6,149 22,848 18,350
NONINTEREST INCOME        
Income from fiduciary activities 120 120 367 445
Service charges on deposits 186 154 503 417
Net gain on sales of investment securities 138   315 150
Earnings from cash surrender value of life insurance 71 50 198 152
Mortgage banking income 106 95 326 208
ATM debit card interchange income 189 138 540 403
Merchant services income 64 65 175 198
Net gain on sales of SBA loans 73 19 216 97
Other income 138 100 487 339
Total Noninterest Income 1,085 741 3,127 2,409
NONINTEREST EXPENSE        
Salaries and employee benefits 3,471 2,635 10,231 8,026
Occupancy expense, net 498 282 1,448 986
Equipment expense 346 297 1,081 908
Pennsylvania Bank Shares tax expense 106 64 337 272
FDIC Assessment 166 134 470 405
Legal and professional fees 151 101 455 366
Director fees and benefits expense 92 83 267 238
Marketing and advertising expense 137 95 372 227
Software licensing 380 238 1,103 687
Telephone expense 169 108 432 304
Loss on sale/write-down of foreclosed assets 47 52 64 109
Intangible amortization 26 8 61 22
Loan collection costs 67 76 235 229
Merger and acquisition expense   11 784 11
Other expenses 913 745 2,511 1,945
Total Noninterest Expense 6,569 4,929 19,851 14,735
INCOME BEFORE PROVISION FOR INCOME TAXES 2,440 1,961 6,124 6,024
Provision for income taxes 546 366 1,223 1,211
NET INCOME 1,894 1,595 4,901 4,813
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 1,802 $ 1,507 $ 4,630 $ 4,550
PER COMMON SHARE DATA:        
Basic Earnings Per Common Share $ 0.43 $ 0.43 $ 1.14 $ 1.30
Cash Dividends $ 0.12 $ 0.10 $ 0.32 $ 0.25
Series B Preferred Stock [Member]        
NONINTEREST EXPENSE        
Preferred stock dividends $ 88 $ 88 $ 263 $ 263
Series C Preferred Stock [Member]        
NONINTEREST EXPENSE        
Preferred stock dividends $ 4   $ 8