v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest and fees on loans:        
Taxable $ 19,642 $ 18,805 $ 38,987 $ 37,089
Tax-exempt 394 420 807 818
Interest and dividends on investment securities:        
Taxable 2,202 1,311 4,035 2,408
Tax-exempt 864 860 1,734 1,720
Dividend and other interest income 138 165 274 333
Deposits in other banks 159 101 463 135
TOTAL INTEREST AND DIVIDEND INCOME 23,399 21,662 46,300 42,503
INTEREST EXPENSE        
Deposits 6,051 6,037 11,944 11,838
Short-term borrowings 118 252 213 795
Long-term borrowings 461 565 931 1,194
TOTAL INTEREST EXPENSE 6,630 6,854 13,088 13,827
NET INTEREST INCOME 16,769 14,808 33,212 28,676
PROVISION FOR CREDIT LOSSES 394 254 463 364
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 16,375 14,554 32,749 28,312
NON-INTEREST INCOME        
Service charges and fees 749 709 1,502 1,431
Interchange fees 672 673 1,289 1,296
Gain (loss) on sale of loans 155 71 (482) 154
Earnings on bank-owned life insurance 257 233 489 464
Gain on settlement of bank-owned life insurance claims 605 605
Brokerage 310 252 548 485
Trust 300 280 579 518
Gains (losses) on marketable equity securities 126 14 205 (20)
Realized losses on available-for-sale debt securities, net (1,445) (426) (1,445) (426)
Other non-interest income 831 431 1,760 780
TOTAL NON-INTEREST INCOME 2,560 2,237 5,050 4,682
NON-INTEREST EXPENSE        
Salaries and employee benefits 5,580 4,984 10,913 11,304
Occupancy 682 640 1,416 1,360
Furniture and equipment 357 460 736 886
Pennsylvania shares tax 374 301 749 602
Professional fees 445 414 1,089 862
Director's fees 161 165 328 318
Federal deposit insurance 195 217 390 435
Data processing and telecommunications 962 1,078 1,841 1,917
Automated teller machine and interchange 140 101 302 365
Amortization of intangibles 454 511 908 1,021
Other non-interest expense 1,070 985 1,945 1,877
TOTAL NON-INTEREST EXPENSE 10,420 9,856 20,617 20,947
INCOME BEFORE INCOME TAX PROVISION 8,515 6,935 17,182 12,047
INCOME TAX PROVISION 1,360 1,167 2,871 1,934
NET INCOME $ 7,155 $ 5,768 $ 14,311 $ 10,113
EARNINGS PER SHARE - BASIC (in Dollars per share) $ 0.67 $ 0.54 $ 1.35 $ 0.95
EARNINGS PER SHARE - DILUTED (in Dollars per share) $ 0.67 $ 0.54 $ 1.35 $ 0.95
WEIGHTED AVERAGE SHARES OUTSTANDING (in Shares) 10,612,247 10,601,932 10,611,271 10,600,067