Consolidated Statements of Income - USD ($) $ in Thousands |
12 Months Ended |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Interest income |
|
|
|
| Interest and fees on loans |
$ 28,223
|
$ 26,672
|
$ 26,629
|
| Interest and dividends on securities: |
|
|
|
| U.S. government agencies |
3,557
|
4,036
|
3,494
|
| State and political subdivisions, tax-free |
46
|
109
|
1,883
|
| State and political subdivisions, taxable |
2,574
|
905
|
324
|
| Other securities |
315
|
433
|
272
|
| Total interest and dividends on securities |
6,492
|
5,483
|
5,973
|
| Interest on interest-bearing deposits in other banks |
33
|
46
|
71
|
| Total interest income |
34,748
|
32,201
|
32,673
|
| Interest expense |
|
|
|
| Interest on deposits |
2,730
|
2,631
|
3,180
|
| Interest on borrowed funds: |
|
|
|
| Interest on Federal Home Loan Bank of Pittsburgh advances |
595
|
514
|
450
|
| Interest on subordinated debentures |
625
|
1,450
|
2,281
|
| Interest on junior subordinated debentures |
247
|
206
|
236
|
| Total interest on borrowed funds |
1,467
|
2,170
|
2,967
|
| Total interest expense |
4,197
|
4,801
|
6,147
|
| Net interest income before provision (credit) for loan and lease losses |
30,551
|
27,400
|
26,526
|
| Provision (credit) for loan and lease losses |
1,153
|
(1,345)
|
(5,869)
|
| Net interest income after provision (credit) for loan and lease losses |
29,398
|
28,745
|
32,395
|
| Non-interest income |
|
|
|
| Deposit service charges |
2,892
|
2,960
|
2,975
|
| Net gain on the sale of securities |
960
|
2,296
|
6,640
|
| Net gain on the sale of mortgage loans held for sale |
340
|
292
|
292
|
| Net gain on the sale of SBA guaranteed loans |
51
|
|
|
| Net loss on the sale of education loans |
|
|
(13)
|
| Net gain on the sale of other real estate owned |
49
|
162
|
209
|
| Gain on branch divestitures |
|
|
607
|
| Loan-related fees |
439
|
442
|
440
|
| Income from bank-owned life insurance |
552
|
564
|
650
|
| Legal settlements |
|
184
|
2,127
|
| Other |
920
|
900
|
993
|
| Total non-interest income |
6,203
|
7,800
|
14,920
|
| Non-interest expense |
|
|
|
| Salaries and employee benefits |
14,320
|
13,810
|
13,111
|
| Occupancy expense |
1,777
|
2,284
|
2,088
|
| Equipment expense |
1,732
|
1,657
|
1,471
|
| Advertising expense |
554
|
483
|
470
|
| Data processing expense |
1,997
|
1,976
|
2,088
|
| Regulatory assessments |
729
|
950
|
1,801
|
| Bank shares tax |
836
|
705
|
522
|
| Expense of other real estate owned |
409
|
400
|
2,569
|
| Legal expense |
362
|
437
|
1,799
|
| Professional fees |
961
|
1,014
|
1,567
|
| Insurance expenses |
516
|
659
|
951
|
| Legal settlements |
|
777
|
|
| Other losses |
277
|
281
|
2,279
|
| Other operating expenses |
3,075
|
3,031
|
2,853
|
| Total non-interest expense |
27,545
|
28,464
|
33,569
|
| Income before income taxes |
8,056
|
8,081
|
13,746
|
| Income tax expense (benefit) |
1,747
|
(27,759)
|
326
|
| Net income |
$ 6,309
|
$ 35,840
|
$ 13,420
|
| Earnings per share |
|
|
|
| Basic (in dollars per share) |
$ 0.38
|
$ 2.17
|
$ 0.81
|
| Diluted (in dollars per share) |
0.38
|
2.17
|
0.81
|
| Cash dividends declared, per share (in dollars per share) |
$ 0.09
|
|
|
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: |
|
|
|
| Basic (in shares) |
16,571,262
|
16,499,622
|
16,472,660
|
| Diluted (in shares) |
16,572,695
|
16,499,622
|
16,472,871
|