v3.26.3
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest income:        
Loans and other finance receivables, including fees $ 38,898 $ 40,477 $ 115,360 $ 115,723
Securities - taxable 1,956 1,895 5,633 5,380
Securities - tax-exempt 320 325 964 933
Cash and cash equivalents 279 412 988 1,452
Total interest income 41,453 43,109 122,945 123,488
Interest expense:        
Deposits 16,087 17,418 47,059 51,587
Borrowings and subordinated debentures 1,930 2,575 6,457 7,850
Total interest expense 18,017 19,993 53,516 59,437
Net interest income 23,436 23,116 69,429 64,051
Provision for credit losses 1,130 2,850 11,591 11,865
Net interest income after provision for credit losses 22,306 20,266 57,838 52,186
Non-interest income:        
Mortgage banking income 4,703 5,914 15,329 15,069
Wealth management income $ 1,877 $ 1,610 $ 5,312 $ 4,637
Type of revenue, extensible list Investment Advice [Member] Investment Advice [Member] Investment Advice [Member] Investment Advice [Member]
SBA loan income $ (312) $ 1,431 $ 453 $ 4,167
Earnings on investment in life insurance 292 246 809 708
Net gain (loss) on sale of MSRs 0 0 (159) 415
Net change in the fair value of derivative instruments 27 129 (129) 176
Net change in the fair value of loans held-for-sale 75 (75) (119) 198
Net change in the fair value of loans held-for-investment (955) 213 (929) 573
Net gain (loss) on hedging activity 132 (166) 200 (129)
Other 866 651 2,858 2,751
Total non-interest income 6,705 9,953 23,625 28,565
Non-interest expense:        
Salaries and employee benefits 13,619 13,613 39,198 38,177
Occupancy and equipment 1,221 991 3,576 3,366
Professional fees 1,272 1,092 3,410 3,019
Data processing and software 2,216 1,865 6,207 5,050
Advertising and promotion 934 877 2,943 2,933
Pennsylvania bank shares tax 233 254 737 792
Other 3,531 2,854 9,340 8,309
Total non-interest expense 23,026 21,546 65,411 61,646
Income before income taxes 5,985 8,673 16,052 19,105
Income tax expense 778 2,014 3,032 4,455
Net income $ 5,207 $ 6,659 $ 13,020 $ 14,650
Basic earnings per common share (in dollars per share) $ 0.44 $ 0.59 $ 1.10 $ 1.30
Diluted earnings per common share (in dollars per share) $ 0.43 $ 0.58 $ 1.07 $ 1.28
Basic weighted average shares outstanding (in shares) 11,900 11,325 11,857 11,252
Diluted weighted average shares outstanding (in shares) 12,222 11,540 12,183 11,458