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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
INTEREST INCOME        
Interest and fees on loans and leases $ 8,905 $ 8,743 $ 17,712 $ 15,897
Interest on interest-bearing balances 2 11 9 22
Interest and dividends on investment securities:        
U.S. Treasury and government agencies 311 304 633 635
State and political subdivision obligations, tax-exempt 548 517 1,012 1,048
Other securities 78 68 172 199
Interest on federal funds sold and securities purchased under agreements to resell 15 1 18 1
Total Interest Income 9,859 9,644 19,556 17,802
INTEREST EXPENSE        
Interest on deposits 1,092 980 2,131 1,894
Interest on short-term borrowings 12 11 25 22
Interest on long-term debt 222 167 452 362
Total Interest Expense 1,326 1,158 2,608 2,278
Net Interest Income 8,533 8,486 16,948 15,524
PROVISION FOR LOAN AND LEASE LOSSES 395 300 735 600
Net Interest Income After Provision for Loan and Lease Losses 8,138 8,186 16,213 14,924
NONINTEREST INCOME        
Income from fiduciary activities 139 120 245 247
Service charges on deposits 158 167 313 317
Net gain on sales of investment securities 213   213 177
Earnings from cash surrender value of life insurance 65 71 135 127
Mortgage banking income 246 153 432 220
ATM debit card interchange income 209 196 409 351
Merchant services income 85 61 152 111
Net gain on sales of SBA loans 75 143 265 143
Other income 208 182 466 349
Total Noninterest Income 1,398 1,093 2,630 2,042
NONINTEREST EXPENSE        
Salaries and employee benefits 3,723 3,440 7,446 6,760
Occupancy expense, net 499 496 1,046 950
Equipment expense 411 422 846 735
Pennsylvania Bank Shares tax expense 206 116 409 231
FDIC Assessment 147 165 300 304
Legal and professional fees 183 161 385 304
Marketing and advertising expense 139 147 223 235
Software licensing 334 404 665 723
Telephone expense 143 140 285 263
Loss (gain) on sale or write-down of foreclosed assets 28 (15) 132 17
Intangible amortization 34 29 71 43
Merger and acquisition expense       762
Other expenses 1,074 1,137 2,095 1,955
Total Noninterest Expense 6,921 6,642 13,903 13,282
INCOME BEFORE PROVISION FOR INCOME TAXES 2,615 2,637 4,940 3,684
Provision for income taxes 593 593 1,113 677
NET INCOME 2,022 2,044 3,827 3,007
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 2,022 $ 1,952 $ 3,827 $ 2,828
PER COMMON SHARE DATA:        
Basic Earnings Per Common Share $ 0.48 $ 0.46 $ 0.91 $ 0.71
Cash Dividends Distributed $ 0.12 $ 0.10 $ 0.34 $ 0.20
Series B Preferred Stock [Member]        
NONINTEREST EXPENSE        
Preferred stock dividends   $ 88   $ 175
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 2,022 1,952 $ 3,827 2,828
Series C Preferred Stock [Member]        
NONINTEREST EXPENSE        
Preferred stock dividends   $ 4   $ 4