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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
INTEREST INCOME        
Interest and fees on loans and leases $ 22,573 $ 17,715 $ 65,865 $ 41,125
Interest on interest-bearing balances 23 26 80 52
Interest on federal funds sold 506 78 704 399
Interest and dividends on investment securities:        
U.S. Treasury and government agencies 701 965 2,433 2,601
State and political subdivision obligations, tax-exempt 495 636 1,698 1,695
Other securities 215 163 597 411
Total Interest Income 24,513 19,583 71,377 46,283
INTEREST EXPENSE        
Interest on deposits 5,830 3,183 15,692 6,960
Interest on short-term borrowings 69 38 458 50
Interest on long-term and subordinated debt 847 451 2,384 1,070
Total Interest Expense 6,746 3,672 18,534 8,080
Net Interest Income 17,767 15,911 52,843 38,203
PROVISION FOR LOAN AND LEASE LOSSES 565 100 1,155 225
Net Interest Income After Provision for Loan and Lease Losses 17,202 15,811 51,688 37,978
NONINTEREST INCOME        
Net gain on sales of SBA loans 275 68 710 477
Earnings from cash surrender value of life insurance 79 76 236 205
Net gain on sales of investment securities 46 30 70 132
Other income 347 826 1,096 1,382
Total Noninterest Income 3,003 2,171 7,926 5,441
NONINTEREST EXPENSE        
Salaries and employee benefits 8,425 6,680 23,970 16,286
Occupancy expense, net 1,232 1,063 3,977 2,730
Equipment expense 671 579 1,956 1,531
Pennsylvania bank shares tax expense 359 131 740 473
FDIC Assessment (131) 187 542 508
Legal and professional fees 311 272 1,204 752
Marketing and advertising expense 238 274 643 693
Software licensing and utilization 1,150 949 3,282 2,634
Telephone expense 150 177 465 480
(Gain) loss on sale or write-down of foreclosed assets (36) 45 (22) 48
Intangible amortization 355 341 1,078 837
Merger and acquisition expense   3,039   4,955
Other expenses 1,959 1,533 5,947 4,332
Total Noninterest Expense 14,683 15,270 43,782 36,259
INCOME BEFORE PROVISION FOR INCOME TAXES 5,522 2,712 15,832 7,160
Provision for income taxes 709 548 2,539 1,213
NET INCOME 4,813 2,164 13,293 5,947
Series D preferred stock dividends   38   38
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 4,813 $ 2,126 $ 13,293 $ 5,909
PER COMMON SHARE DATA:        
Basic and Diluted Earnings Per Common Share $ 0.57 $ 0.28 $ 1.57 $ 0.89
Cash Dividends Paid $ 0.18 $ 0.15 $ 0.61 $ 0.55
Income from Fiduciary Activities [Member]        
NONINTEREST INCOME        
Non-interest Income $ 386 $ 325 $ 1,092 $ 851
Service Charges on Deposits [Member]        
NONINTEREST INCOME        
Non-interest Income 230 242 665 667
Mortgage Banking Income [Member]        
NONINTEREST INCOME        
Non-interest Income 1,091 197 2,605 558
ATM Debit Card Interchange Income [Member]        
NONINTEREST INCOME        
Non-interest Income 434 317 1,148 908
Merchant Services Income [Member]        
NONINTEREST INCOME        
Non-interest Income $ 115 $ 90 $ 304 $ 261