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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
INTEREST INCOME        
Interest and fees on loans and leases $ 29,835 $ 25,116 $ 58,165 $ 47,365
Interest and dividends on investment securities:        
U.S. Treasury and government agencies 225 460 403 1,131
State and political subdivision obligations, tax-exempt 278 248 555 469
Other securities 291 323 593 476
Total interest and dividends on investment securities 794 1,031 1,551 2,076
Interest on other interest-bearing balances 2 18 4 33
Interest on federal funds sold 98 23 177 413
Total Interest Income 30,729 26,188 59,897 49,887
INTEREST EXPENSE        
Interest on deposits 2,916 4,009 5,882 9,389
Interest on short-term borrowings 232 45 406 45
Interest on long-term and subordinated debt 704 788 1,407 1,442
Total Interest Expense 3,852 4,842 7,695 10,876
Net Interest Income 26,877 21,346 52,202 39,011
PROVISION FOR LOAN AND LEASE LOSSES 1,150 1,050 2,150 1,600
Net Interest Income After Provision for Loan and Lease Losses 25,727 20,296 50,052 37,411
NONINTEREST INCOME        
Net gain on sales of SBA loans 355 178 455 262
Earnings from cash surrender value of life insurance 75 76 149 152
Net gain on sales of investment securities   111   243
Other income 797 510 1,588 882
Total Noninterest Income 5,652 3,622 10,364 6,556
NONINTEREST EXPENSE        
Salaries and employee benefits 9,933 7,986 19,531 16,267
Occupancy expense, net 1,317 1,333 2,797 2,772
Equipment expense 741 722 1,492 1,435
Software licensing and utilization 1,497 1,297 2,942 2,518
Pennsylvania bank shares tax expense 224 55 524 460
FDIC Assessment 433 357 903 669
Legal and professional fees 555 349 981 701
Charitable contributions qualifying for State tax credits 365 510 635 545
Mortgage banking profit-sharing expense 745 150 865 150
Marketing and advertising expense 157 98 292 302
Telephone expense 139 137 275 271
Gain on sale or write-down of foreclosed assets, net (19)   (19)  
Intangible amortization 276 326 557 649
Merger and acquisition expense 522   522  
Other expenses 2,571 2,083 4,717 4,245
Total Noninterest Expense 19,456 15,403 37,014 30,984
INCOME BEFORE PROVISION FOR INCOME TAXES 11,923 8,515 23,402 12,983
Provision for income taxes 2,310 1,682 4,477 2,332
NET INCOME $ 9,613 $ 6,833 $ 18,925 $ 10,651
PER COMMON SHARE DATA:        
Basic Earnings Per Common Share $ 0.93 $ 0.81 $ 2.02 $ 1.26
Diluted Earnings Per Common Share 0.93 0.81 2.02 1.26
Cash Dividends Declared $ 0.20 $ 0.18 $ 0.39 $ 0.41
Income from Fiduciary and Wealth Management Activities [Member]        
NONINTEREST INCOME        
Non-interest Income $ 542 $ 421 $ 1,098 $ 805
Service Charges on Deposits [Member]        
NONINTEREST INCOME        
Non-interest Income 177 115 329 320
Mortgage Banking Income [Member]        
NONINTEREST INCOME        
Non-interest Income 2,841 1,638 5,220 2,820
ATM Debit Card Interchange Income [Member]        
NONINTEREST INCOME        
Non-interest Income 656 475 1,224 891
Merchant Services Income [Member]        
NONINTEREST INCOME        
Non-interest Income $ 209 $ 98 $ 301 $ 181