v3.25.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest and fees on loans:        
Taxable $ 18,805 $ 17,741 $ 37,089 $ 34,997
Tax-exempt 420 332 818 685
Interest and dividends on investment securities:        
Taxable 1,311 1,020 2,408 2,181
Tax-exempt 860 836 1,720 1,666
Dividend and other interest income 165 204 333 427
Deposits in other banks 101 62 135 128
TOTAL INTEREST AND DIVIDEND INCOME 21,662 20,195 42,503 40,084
INTEREST EXPENSE        
Deposits 6,037 5,610 11,838 10,220
Short-term borrowings 252 1,427 795 3,924
Long-term borrowings 565 798 1,194 1,645
TOTAL INTEREST EXPENSE 6,854 7,835 13,827 15,789
NET INTEREST INCOME 14,808 12,360 28,676 24,295
PROVISION FOR CREDIT LOSSES 254 29 364 119
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 14,554 12,331 28,312 24,176
NON-INTEREST INCOME        
Service charges and fees 709 667 1,431 1,282
Interchange fees 673 687 1,296 1,306
Gain on sale of loans 71 93 154 169
Earnings on bank-owned life insurance 233 229 464 456
Brokerage 252 192 485 416
Trust 280 204 518 410
Gains (losses) on marketable equity securities 14 (38) (20) (155)
Realized losses on available-for-sale debt securities, net (426) (426) (8)
Other non-interest income 431 385 780 1,075
TOTAL NON-INTEREST INCOME 2,237 2,419 4,682 4,951
NON-INTEREST EXPENSE        
Salaries and employee benefits 4,984 4,640 11,304 9,442
Occupancy 640 581 1,360 1,199
Furniture and equipment 460 384 886 790
Pennsylvania shares tax 301 230 602 440
Professional fees 414 319 862 776
Director’s fees 165 105 318 239
Federal deposit insurance 217 188 435 408
Data processing and telecommunications 1,078 904 1,917 1,824
Automated teller machine and interchange 101 106 365 368
Merger-related expenses 201 297
Amortization of intangibles 511 549 1,021 1,098
Other non-interest expense 985 987 1,877 1,959
TOTAL NON-INTEREST EXPENSE 9,856 9,194 20,947 18,840
INCOME BEFORE INCOME TAX PROVISION 6,935 5,556 12,047 10,287
INCOME TAX PROVISION 1,167 849 1,934 1,544
NET INCOME $ 5,768 $ 4,707 $ 10,113 $ 8,743
EARNINGS PER SHARE - BASIC AND DILUTED (in Dollars per share) $ 1.63 $ 1.32 $ 2.86 $ 2.45
EARNINGS PER SHARE - DILUTED (in Dollars per share) $ 1.63 $ 1.32 $ 2.86 $ 2.45
WEIGHTED AVERAGE SHARES OUTSTANDING (in Shares) 3,533,977 3,572,345 3,533,356 3,571,344