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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
INTEREST INCOME        
Interest & fees on loans and leases $ 6,742 $ 7,031 $ 20,619 $ 21,050
Interest on interest-bearing balances time deposits with financial institutions 55 125 180 442
Interest and dividends on investment securities:        
U.S. Treasury and government agencies 232 522 997 1,069
State and political subdivision obligations, tax exempt 419 307 1,232 932
Other securities 5 3 15 9
Interest on federal funds sold and securities purchased under agreements to resell 5 6 10 20
Total Interest Income 7,458 7,994 23,053 23,522
INTEREST EXPENSE        
Interest on deposits 1,443 2,128 4,850 6,564
Interest on short-term borrowings    1 1 4
Interest on long-term debt 245 246 732 762
Total Interest Expense 1,688 2,375 5,583 7,330
Net Interest Income 5,770 5,619 17,470 16,192
PROVISION FOR LOAN AND LEASE LOSSES 150 405 675 1,155
Net Interest Income After Provision for Loan and Lease Losses 5,620 5,214 16,795 15,037
NONINTEREST INCOME        
Income from fiduciary activities 128 157 429 367
Service charges on deposits 153 167 418 539
Net gain on sales of investment securities 241    267   
Earnings from cash surrender value of life insurance 61 64 186 194
Mortgage banking income 184 102 443 305
Other income 290 274 983 822
Total Noninterest Income 1,057 764 2,726 2,227
NONINTEREST EXPENSE        
Salaries and employee benefits 2,671 2,390 7,886 6,992
Occupancy expense, net 263 274 799 826
Equipment expense 343 318 923 980
Pennsylvania Bank Shares tax expense 92 121 351 363
FDIC Assessment 301 225 904 756
Legal and professional fees 186 87 431 315
Director fees and benefits expense 97 90 232 235
Marketing and advertising expense 91 86 288 244
Computer expense 166 171 489 500
Telephone expense 107 92 317 278
Loss (gain) on sale/write-down of foreclosed assets 43 27 102 (32)
Intangible amortization 7 16 38 49
Loan collection costs 92    239   
Other expenses 623 637 1,768 1,736
Total Noninterest Expense 5,082 4,534 14,767 13,242
INCOME BEFORE PROVISION FOR INCOME TAXES 1,595 1,444 4,754 4,022
Provision for income taxes 329 312 994 831
NET INCOME 1,266 1,132 3,760 3,191
Preferred stock dividends and discount accretion 128 128 385 385
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 1,138 $ 1,004 $ 3,375 $ 2,806
PER COMMON SHARE DATA:        
Basic Earnings Per Common Share $ 0.33 $ 0.29 $ 0.97 $ 0.81
Diluted Earnings Per Common Share $ 0.33 $ 0.29 $ 0.97 $ 0.81
Cash Dividends $ 0.05 $ 0.05 $ 0.15 $ 0.15