v3.25.2
CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INTEREST INCOME        
Interest and fees on loans $ 14,359,000 $ 12,371,000 $ 28,128,000 $ 24,391,000
Interest and dividend income on securities:        
Taxable 3,814,000 4,666,000 7,747,000 9,007,000
Tax-exempt 230,000 279,000 474,000 552,000
Dividends 18,000 12,000 30,000 24,000
Dividend income on restricted investment in bank stocks 195,000 243,000 394,000 478,000
Interest on interest-bearing deposits in other banks 268,000 22,000 321,000 87,000
Total interest income 18,884,000 17,593,000 37,094,000 34,539,000
INTEREST EXPENSE        
Interest on deposits 6,395,000 6,019,000 12,781,000 11,973,000
Interest on short-term borrowings 1,473,000 2,021,000 3,030,000 3,987,000
Interest on long-term borrowings 1,237,000 1,278,000 2,461,000 2,556,000
Interest on subordinated debt 274,000 274,000 547,000 547,000
Total interest expense 9,379,000 9,592,000 18,819,000 19,063,000
Net interest income 9,505,000 8,001,000 18,275,000 15,476,000
(Release of) provision for credit losses (237,000) 510,000 514,000 774,000
Net interest income after (release of) provision for credit losses 9,742,000 7,491,000 17,761,000 14,702,000
NON-INTEREST INCOME        
Increase in cash surrender value of life insurance 155,000 164,000 320,000 326,000
ATM fees and debit card income 576,000 565,000 1,119,000 1,082,000
Net gains on sales of mortgage loans 18,000 17,000 38,000 28,000
Net securities gains (losses) 105,000 (10,000) 19,000 (194,000)
Gains from life insurance proceeds 20,000   255,000  
Other 84,000 63,000 159,000 132,000
Total non-interest income 1,798,000 1,621,000 3,557,000 2,965,000
NON-INTEREST EXPENSE        
Salaries and employee benefits 4,303,000 4,153,000 8,933,000 8,707,000
Occupancy, net 562,000 536,000 1,172,000 1,101,000
Furniture and equipment expense 211,000 150,000 403,000 302,000
Computer expense 416,000 340,000 829,000 709,000
Professional services 374,000 466,000 752,000 899,000
Pennsylvania shares tax 267,000 244,000 488,000 450,000
FDIC insurance, net 304,000 218,000 613,000 406,000
ATM and debit card fees 306,000 258,000 553,000 480,000
Data processing fees 385,000 235,000 742,000 524,000
Advertising 138,000 163,000 243,000 267,000
Goodwill impairment     0 19,133,000
Other 995,000 903,000 2,182,000 1,833,000
Total non-interest expense 8,261,000 7,666,000 16,910,000 34,811,000
Income (loss) before income tax (benefit) expense 3,279,000 1,446,000 4,408,000 (17,144,000)
Income tax (benefit) expense 365,000 66,000 441,000 (147,000)
NET INCOME (LOSS) $ 2,914,000 $ 1,380,000 $ 3,967,000 $ (16,997,000)
Net income (loss) per share:        
Basic $ 0.47 $ 0.23 $ 0.64 $ (2.77)
Diluted 0.47 0.23 0.64 (2.77)
Dividends per share $ 0.28 $ 0.28 $ 0.56 $ 0.56
Trust department        
NON-INTEREST INCOME        
Non-interest customer contract revenue $ 280,000 $ 254,000 $ 541,000 $ 498,000
Service charges and fees        
NON-INTEREST INCOME        
Non-interest customer contract revenue $ 560,000 $ 568,000 $ 1,106,000 $ 1,093,000