XML 14 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST INCOME        
Interest and fees on loans and leases $ 10,213 $ 9,134 $ 29,864 $ 26,846
Interest on interest-bearing balances 5 2 12 11
Interest on federal funds sold 23 36 97 54
Interest and dividends on investment securities:        
U.S. Treasury and government agencies 617 339 1,636 972
State and political subdivision obligations, tax-exempt 240 550 820 1,562
Other securities 52 64 159 236
Total Interest Income 11,150 10,125 32,588 29,681
INTEREST EXPENSE        
Interest on deposits 1,425 1,162 3,906 3,293
Interest on short-term borrowings 30   43 15
Interest on long-term and subordinated debt 179 205 538 657
Total Interest Expense 1,634 1,367 4,487 3,965
Net Interest Income 9,516 8,758 28,101 25,716
PROVISION FOR LOAN AND LEASE LOSSES   585 225 1,320
Net Interest Income After Provision for Loan and Lease Losses 9,516 8,173 27,876 24,396
NONINTEREST INCOME        
Income from fiduciary activities 217 104 613 349
Service charges on deposits 175 171 554 484
Net gain on sales of investment securities 22 200 42 413
Earnings from cash surrender value of life insurance 65 65 196 200
Mortgage banking income 230 266 646 698
ATM debit card interchange income 233 214 689 623
Merchant services income 84 89 250 241
Net gain on sales of SBA loans 262 89 703 354
Other income 276 221 669 687
Total Noninterest Income 1,564 1,419 4,362 4,049
NONINTEREST EXPENSE        
Salaries and employee benefits 4,277 3,982 12,666 11,428
Occupancy expense, net 631 496 1,872 1,542
Equipment expense 398 412 1,149 1,258
Pennsylvania bank shares tax expense 170 197 500 606
FDIC Assessment 197 134 585 434
Legal and professional fees 218 130 584 515
Marketing and advertising expense 139 146 377 369
Software licensing 397 350 1,096 1,015
Telephone expense 120 135 379 420
Loss on sale or write-down of foreclosed assets   26 88 158
Intangible amortization 25 31 78 102
Merger and acquisition expense 243   467  
Other expenses 1,145 1,126 3,479 3,231
Total Noninterest Expense 7,960 7,165 23,320 21,078
INCOME BEFORE PROVISION FOR INCOME TAXES 3,120 2,427 8,918 7,367
Provision for income taxes 871 526 2,330 1,639
NET INCOME $ 2,249 $ 1,901 $ 6,588 $ 5,728
PER COMMON SHARE DATA:        
Basic and Diluted Earnings Per Common Share $ 0.53 $ 0.45 $ 1.56 $ 1.35
Cash Dividends Paid $ 0.13 $ 0.12 $ 0.49 $ 0.46