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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
INTEREST INCOME        
Interest and fees on loans and leases $ 25,116 $ 22,214 $ 47,365 $ 43,292
Interest on interest-bearing balances 18 27 33 57
Interest on federal funds sold 23 130 413 198
Interest and dividends on investment securities:        
U.S. Treasury and government agencies 460 839 1,131 1,732
State and political subdivision obligations, tax-exempt 248 584 469 1,203
Other securities 323 204 476 382
Total Interest Income 26,188 23,998 49,887 46,864
INTEREST EXPENSE        
Interest on deposits 4,009 5,276 9,389 9,862
Interest on short-term borrowings 45 157 45 389
Interest on long-term and subordinated debt 788 795 1,442 1,537
Total Interest Expense 4,842 6,228 10,876 11,788
Net Interest Income 21,346 17,770 39,011 35,076
PROVISION FOR LOAN AND LEASE LOSSES 1,050 465 1,600 590
Net Interest Income After Provision for Loan and Lease Losses 20,296 17,305 37,411 34,486
NONINTEREST INCOME        
Net gain on sales of SBA loans 178 233 262 435
Earnings from cash surrender value of life insurance 76 79 152 157
Net gain on sales of investment securities 111 17 243 24
Other income 510 419 882 749
Total Noninterest Income 3,622 2,874 6,556 4,923
NONINTEREST EXPENSE        
Salaries and employee benefits 7,986 7,786 16,267 15,545
Occupancy expense, net 1,333 1,344 2,772 2,745
Equipment expense 722 658 1,435 1,285
Pennsylvania bank shares tax expense 55 245 460 381
FDIC Assessment 357 314 669 673
Legal and professional fees 349 471 701 893
Marketing and advertising expense 98 226 302 405
Software licensing and utilization 1,297 1,111 2,518 2,132
Telephone expense 137 161 271 315
Loss on sale or write-down of foreclosed assets, net   18   14
Intangible amortization 326 360 649 723
Other expenses 2,743 2,102 4,940 3,988
Total Noninterest Expense 15,403 14,796 30,984 29,099
INCOME BEFORE PROVISION FOR INCOME TAXES 8,515 5,383 12,983 10,310
Provision for income taxes 1,682 980 2,332 1,830
NET INCOME $ 6,833 $ 4,403 $ 10,651 $ 8,480
PER COMMON SHARE DATA:        
Basic and Diluted Earnings Per Common Share $ 0.81 $ 0.52 $ 1.26 $ 1.00
Cash Dividends Paid $ 0.18 $ 0.18 $ 0.41 $ 0.43
Income from Fiduciary and Wealth Management Activities [Member]        
NONINTEREST INCOME        
Non-interest Income $ 421 $ 347 $ 805 $ 706
Service Charges on Deposits [Member]        
NONINTEREST INCOME        
Non-interest Income 115 218 320 435
Mortgage Banking Income [Member]        
NONINTEREST INCOME        
Non-interest Income 1,638 1,077 2,820 1,514
ATM Debit Card Interchange Income [Member]        
NONINTEREST INCOME        
Non-interest Income 475 380 891 714
Merchant Services Income [Member]        
NONINTEREST INCOME        
Non-interest Income $ 98 $ 104 $ 181 $ 189