falsedesktopPWOD2020-09-30000071660520000034{"tbl_sim": "https://q10k.com/tbl-sim", "search": "https://q10k.com/search"}{"q10k_tbl_0": "Pennsylvania\t300 Market Street P.O. Box 967\t23-2226454\n(State or other jurisdiction of\tWilliamsport\t(I.R.S. Employer Identification No.)\nincorporation or organization)\tPennsylvania\t17703-0967\n\t(Address of principal executive offices)\t(Zip Code)\n", "q10k_tbl_1": "Large accelerated filer\t☐\tAccelerated filer\t☒\nNon-accelerated filer\t☐\tSmaller reporting company\t☒\n\t\tEmerging growth company\t☐\n", "q10k_tbl_2": "\t\tPage\n\t\tNumber\nPart I\tFinancial Information\t\nItem 1.\tFinancial Statements\t3\nConsolidated Balance Sheet (Unaudited) as of September 30 2020 and December 31 2019\t\t3\nConsolidated Statement of Income (Unaudited) for the Three and Nine Months Ended September 30 2020 and 2019\t\t4\nConsolidated Statement of Comprehensive Income (Unaudited) for the Three and Nine Months Ended September 30 2020 and 2019\t\t5\nConsolidated Statement of Changes in Shareholders' Equity (Unaudited) for the Three and Nine Months Ended September 30 2020 and 2019\t\t6\nConsolidated Statement of Cash Flows (Unaudited) for the Nine Months Ended September 30 2020 and 2019\t\t8\nNotes to Consolidated Financial Statements (Unaudited)\t\t9\nItem 2.\tManagement's Discussion and Analysis of Financial Condition and Results of Operations\t34\nItem 3.\tQuantitative and Qualitative Disclosures About Market Risk\t51\nItem 4.\tControls and Procedures\t51\nPart II\tOther Information\t\nItem 1.\tLegal Proceedings\t52\nItem 1A.\tRisk Factors\t52\nItem 2.\tUnregistered Sales of Equity Securities and Use of Proceeds\t52\nItem 3.\tDefaults Upon Senior Securities\t52\nItem 4.\tMine Safety Disclosures\t52\nItem 5.\tOther Information\t52\nItem 6.\tExhibits\t53\nSignatures\t\t54\nExhibit Index and Exhibits\t\t55\n", "q10k_tbl_3": "\tSeptember 30\tDecember 31\n(In Thousands Except Share Data)\t2020\t2019\nASSETS:\t\t\nNoninterest-bearing balances\t34987\t24725\nInterest-bearing balances in other financial institutions\t191285\t23864\nTotal cash and cash equivalents\t226272\t48589\nInvestment debt securities available for sale at fair value\t149675\t148619\nInvestment equity securities at fair value\t1291\t1261\nInvestment securities trading\t35\t51\nRestricted investment in bank stock at fair value\t15006\t13528\nLoans held for sale\t6647\t4232\nLoans\t1349140\t1355544\nAllowance for loan losses\t(13429)\t(11894)\nLoans net\t1335711\t1343650\nPremises and equipment net\t32886\t32929\nAccrued interest receivable\t8540\t5246\nBank-owned life insurance\t33474\t29253\nGoodwill\t17104\t17104\nIntangibles\t724\t898\nOperating lease right-of-use asset\t3184\t4154\nDeferred tax asset\t3409\t3338\nOther assets\t6821\t12471\nTOTAL ASSETS\t1840779\t1665323\nLIABILITIES:\t\t\nInterest-bearing deposits\t1057562\t989259\nNoninterest-bearing deposits\t434248\t334746\nTotal deposits\t1491810\t1324005\nShort-term borrowings\t15009\t4920\nLong-term borrowings\t153534\t161920\nAccrued interest payable\t1491\t1671\nOperating lease liability\t3219\t4170\nOther liabilities\t13287\t13655\nTOTAL LIABILITIES\t1678350\t1510341\nSHAREHOLDERS' EQUITY:\t\t\nPreferred stock no par value 3000000 shares authorized; no shares issued\t0\t0\nCommon stock par value 5.55 22500000 shares authorized; 7527605 and 7520740 shares issued; 7047380 and 7040515 outstanding\t41820\t41782\nAdditional paid-in capital\t52268\t51487\nRetained earnings\t81127\t76583\nAccumulated other comprehensive loss:\t\t\nNet unrealized gain on available for sale securities\t4440\t2455\nDefined benefit plan\t(5118)\t(5232)\nTreasury stock at cost 480225\t(12115)\t(12115)\nTOTAL PENNS WOODS BANCORP INC. SHAREHOLDERS' EQUITY\t162422\t154960\nNon-controlling interest\t7\t22\nTOTAL SHAREHOLDERS' EQUITY\t162429\t154982\nTOTAL LIABILITIES AND SHAREHOLDERS' EQUITY\t1840779\t1665323\n", "q10k_tbl_4": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n(In Thousands Except Per Share Data)\t2020\t2019\t2020\t2019\nINTEREST AND DIVIDEND INCOME:\t\t\t\t\nLoans including fees\t14080\t15426\t43403\t45595\nInvestment securities:\t\t\t\t\nTaxable\t925\t998\t2958\t2899\nTax-exempt\t170\t167\t484\t520\nDividend and other interest income\t212\t493\t747\t1345\nTOTAL INTEREST AND DIVIDEND INCOME\t15387\t17084\t47592\t50359\nINTEREST EXPENSE:\t\t\t\t\nDeposits\t2569\t3165\t8406\t8336\nShort-term borrowings\t8\t7\t37\t790\nLong-term borrowings\t965\t1009\t2893\t2739\nTOTAL INTEREST EXPENSE\t3542\t4181\t11336\t11865\nNET INTEREST INCOME\t11845\t12903\t36256\t38494\nPROVISION FOR LOAN LOSSES\t645\t360\t2040\t1035\nNET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES\t11200\t12543\t34216\t37459\nNON-INTEREST INCOME:\t\t\t\t\nService charges\t388\t622\t1249\t1776\nNet debt securities gains available for sale\t1013\t189\t1220\t200\nNet equity securities (losses) gains\t0\t(21)\t30\t44\nNet securities (losses) gains trading\t(2)\t2\t(16)\t15\nBank-owned life insurance\t156\t143\t492\t434\nGain on sale of loans\t1449\t583\t2921\t1246\nInsurance commissions\t101\t93\t320\t346\nBrokerage commissions\t224\t353\t779\t1032\nDebit card income\t352\t333\t936\t1032\nOther\t354\t525\t1162\t1420\nTOTAL NON-INTEREST INCOME\t4035\t2822\t9093\t7545\nNON-INTEREST EXPENSE:\t\t\t\t\nSalaries and employee benefits\t5465\t5488\t16362\t16512\nOccupancy\t599\t638\t1927\t2085\nFurniture and equipment\t837\t885\t2525\t2421\nSoftware amortization\t257\t234\t743\t629\nPennsylvania shares tax\t340\t285\t948\t863\nProfessional fees\t608\t585\t1888\t1834\nFederal Deposit Insurance Corporation deposit insurance\t271\t0\t650\t504\nMarketing\t61\t98\t170\t233\nIntangible amortization\t53\t62\t174\t202\nOther\t1216\t1266\t4041\t4131\nTOTAL NON-INTEREST EXPENSE\t9707\t9541\t29428\t29414\nINCOME BEFORE INCOME TAX PROVISION\t5528\t5824\t13881\t15590\nINCOME TAX PROVISION\t1051\t1170\t2563\t2741\nCONSOLIDATED NET INCOME\t4477\t4654\t11318\t12849\nLess: Net income attributable to noncontrolling interest\t5\t4\t13\t10\nNET INCOME ATTRIBUTABLE TO PENNS WOODS BANCORP INC.\t4472\t4650\t11305\t12839\nEARNINGS PER SHARE - BASIC\t0.63\t0.66\t1.61\t1.82\nEARNINGS PER SHARE - DILUTED\t0.63\t0.66\t1.61\t1.82\nWEIGHTED AVERAGE SHARES OUTSTANDING - BASIC\t7045336\t7037055\t7042578\t7036181\nWEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED\t7045336\t7037055\t7042578\t7036181\nDIVIDENDS DECLARED PER SHARE\t0.32\t0.31\t0.96\t0.94\n", "q10k_tbl_5": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n(In Thousands)\t2020\t2019\t2020\t2019\nNet Income\t4472\t4650\t11305\t12839\nOther comprehensive income:\t\t\t\t\nChange in unrealized gain on available for sale securities\t1324\t1261\t3733\t6056\nTax effect\t(278)\t(265)\t(784)\t(1272)\nNet realized gain on available for sale securities included in net income\t(1013)\t(189)\t(1220)\t(200)\nTax effect\t213\t40\t256\t42\nAmortization of unrecognized pension gain\t52\t46\t144\t140\nTax effect\t(11)\t(9)\t(30)\t(29)\nTotal other comprehensive income\t287\t884\t2099\t4737\nComprehensive income\t4759\t5534\t13404\t17576\n", "q10k_tbl_6": "\tCOMMON STOCK\t\tADDITIONAL PAID-IN CAPITAL\tRETAINED EARNINGS\tACCUMULATED OTHER COMPREHENSIVE LOSS\tTREASURY STOCK\tNON-CONTROLLING INTEREST\tTOTAL SHAREHOLDERS' EQUITY\n(In Thousands Except Per Share Data)\tSHARES\tAMOUNT\t\t\t\nBalance June 30 2020\t7522573\t41792\t51956\t78910\t(965)\t(12115)\t30\t159608\nNet income\t\t\t\t4472\t\t\t5\t4477\nOther comprehensive income\t\t\t\t\t287\t\t\t287\nStock-based compensation\t\t\t239\t\t\t\t\t239\nDividends declared ($0.32 per share)\t\t\t\t(2255)\t\t\t\t(2255)\nCommon shares issued for employee stock purchase plan\t1055\t6\t15\t\t\t\t\t21\nDirector Compensation Plan\t3977\t22\t58\t\t\t\t\t80\nDistributions to noncontrolling interest\t\t\t\t\t\t\t(28)\t(28)\nBalance September 30 2020\t7527605\t41820\t52268\t81127\t(678)\t(12115)\t7\t162429\n", "q10k_tbl_7": "\tCOMMON STOCK\t\tADDITIONAL PAID-IN CAPITAL\tRETAINED EARNINGS\tACCUMULATED OTHER COMPREHENSIVE LOSS\tTREASURY STOCK\tNON-CONTROLLING INTEREST\tTOTAL SHAREHOLDERS' EQUITY\n(In Thousands Except Per Share Data)\tSHARES\tAMOUNT\t\t\t\nBalance June 30 2019\t7519344\t41773\t51067\t73565\t(2783)\t(12115)\t14\t151521\nNet income\t\t\t\t4650\t\t\t4\t4654\nOther comprehensive income\t\t\t\t\t884\t\t\t884\nStock-based compensation\t\t\t185\t\t\t\t\t185\nDividends declared ($0.31 per share)\t\t\t\t(2206)\t\t\t\t(2206)\nCommon shares issued for employee stock purchase plan\t782\t4\t38\t\t\t\t\t42\nStock split fractional shares\t(2330)\t(19)\t\t\t\t\t\t(19)\nBalance September 30 2019\t7517796\t41758\t51290\t76009\t(1899)\t(12115)\t18\t155061\n", "q10k_tbl_8": "\tCOMMON STOCK\t\tADDITIONAL PAID-IN CAPITAL\tRETAINED EARNINGS\tACCUMULATED OTHER COMPREHENSIVE LOSS\tTREASURY STOCK\tNON-CONTROLLING INTEREST\tTOTAL SHAREHOLDERS' EQUITY\n(In Thousands Except Per Share Data)\tSHARES\tAMOUNT\t\t\t\nBalance December 31 2019\t7520740\t41782\t51487\t76583\t(2777)\t(12115)\t22\t154982\nNet income\t\t\t\t11305\t\t\t13\t11318\nOther comprehensive income\t\t\t\t\t2099\t\t\t2099\nStock-based compensation\t\t\t675\t\t\t\t\t675\nDividends declared ($0.96 per share)\t\t\t\t(6761)\t\t\t\t(6761)\nCommon shares issued for employee stock purchase plan\t2888\t16\t48\t\t\t\t\t64\nDirector Compensation Plan\t3977\t22\t58\t\t\t\t\t80\nDistributions to noncontrolling interest\t\t\t\t\t\t\t(28)\t(28)\nBalance September 30 2020\t7527605\t41820\t52268\t81127\t(678)\t(12115)\t7\t162429\n", "q10k_tbl_9": "\tCOMMON STOCK\t\tADDITIONAL PAID-IN CAPITAL\tRETAINED EARNINGS\tACCUMULATED OTHER COMPREHENSIVE LOSS\tTREASURY STOCK\tNON-CONTROLLING INTEREST\tTOTAL SHAREHOLDERS' EQUITY\n(In Thousands Except Per Share Data)\tSHARES\tAMOUNT\t\t\t\nBalance December 31 2018\t7517547\t41763\t50737\t69787\t(6636)\t(12115)\t8\t143544\nNet income\t\t\t\t12839\t\t\t10\t12849\nOther comprehensive income\t\t\t\t\t4737\t\t\t4737\nStock-based compensation\t\t\t498\t\t\t\t\t498\nDividends declared ($0.94 per share)\t\t\t\t(6617)\t\t\t\t(6617)\nCommon shares issued for employee stock purchase plan\t2579\t14\t55\t\t\t\t\t69\nStock split fractional shares\t(2330)\t(19)\t\t\t\t\t\t(19)\nBalance September 30 2019\t7517796\t41758\t51290\t76009\t(1899)\t(12115)\t18\t155061\n", "q10k_tbl_10": "\tNine Months Ended September 30\t\n(In Thousands)\t2020\t2019\nOPERATING ACTIVITIES:\t\t\nNet Income\t11318\t12849\nAdjustments to reconcile net income to net cash provided by operating activities:\t\t\nDepreciation and amortization\t2310\t1904\nGain on sale of premise and equipment\t(14)\t0\nAmortization of intangible assets\t174\t202\nProvision for loan losses\t2040\t1035\nStock based compensation\t675\t498\nAccretion and amortization of investment security discounts and premiums\t382\t499\nNet securities gains available for sale\t(1220)\t(200)\nOriginations of loans held for sale\t(95661)\t(41601)\nProceeds of loans held for sale\t96167\t43908\nGain on sale of loans\t(2921)\t(1246)\nNet equity securities gains\t(30)\t(44)\nNet securities losses (gains) trading\t16\t(15)\nProceeds from the sale of trading securities\t0\t78\nPurchases of trading securities\t0\t(74)\nEarnings on bank-owned life insurance\t(492)\t(434)\n(Increase) decrease in deferred tax asset\t(599)\t180\nOther net\t2756\t(1766)\nNet cash provided by operating activities\t14901\t15773\nINVESTING ACTIVITIES:\t\t\nProceeds from sales of available for sale securities\t37252\t16289\nProceeds from calls and maturities of available for sale securities\t567\t3089\nPurchases of available for sale securities\t(35524)\t(28611)\nNet decrease in loans\t5692\t18625\nAcquisition of premises and equipment\t(2830)\t(1798)\nProceeds from the sale of premises and equipment\t336\t0\nProceeds from the sale of foreclosed assets\t226\t502\nPurchase of bank-owned life insurance\t(3970)\t(30)\nProceeds from bank-owned life insurance death benefit\t248\t0\nInvestment in limited partnership\t(628)\t0\nProceeds from redemption of regulatory stock\t2881\t13659\nPurchases of regulatory stock\t(4359)\t(8299)\nNet cash (used for) provided by investing activities\t(109)\t13426\nFINANCING ACTIVITIES:\t\t\nNet increase in interest-bearing deposits\t68303\t105989\nNet increase in noninterest-bearing deposits\t99502\t6515\nProceeds from long-term borrowings\t35000\t50000\nRepayment of long-term borrowings\t(43333)\t(32608)\nNet increase (decrease) in short-term borrowings\t10089\t(161878)\nFinance lease principal payments\t(53)\t(70)\nDividends paid\t(6761)\t(6617)\nIssuance of common stock\t144\t69\nNet cash provided by (used for) financing activities\t162891\t(38600)\nNET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS\t177683\t(9401)\nCASH AND CASH EQUIVALENTS BEGINNING\t48589\t66742\nCASH AND CASH EQUIVALENTS ENDING\t226272\t57341\n", "q10k_tbl_11": "SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:\t\t\nInterest paid\t11516\t11349\nIncome taxes paid\t2375\t3125\nNon-cash investing and financing activities:\t\t\nRight-of-use lease assets obtained in exchange for lessee finance lease liabilities\t0\t6026\nRight-of-use lease assets obtained in exchange for lessee operating lease liabilities\t0\t4298\nTransfer of loans to foreclosed real estate\t207\t525\n", "q10k_tbl_12": "\tThree Months Ended September 30 2020\t\t\tThree Months Ended September 30 2019\t\t\n(In Thousands)\tNet Unrealized Gain on Available for Sale Securities\tDefined Benefit Plan\tTotal\tNet Unrealized Gain on Available for Sale Securities\tDefined Benefit Plan\tTotal\nBeginning balance\t4194\t(5159)\t(965)\t2419\t(5202)\t(2783)\nOther comprehensive gain before reclassifications\t1046\t0\t1046\t996\t0\t996\nAmounts reclassified from accumulated other comprehensive (loss) gain\t(800)\t41\t(759)\t(149)\t37\t(112)\nNet current-period other comprehensive income\t246\t41\t287\t847\t37\t884\nEnding balance\t4440\t(5118)\t(678)\t3266\t(5165)\t(1899)\n", "q10k_tbl_13": "\tNine Months Ended September 30 2020\t\t\tNine Months Ended September 30 2019\t\t\n(In Thousands)\tNet Unrealized Gain on Available for Sale Securities\tDefined Benefit Plan\tTotal\tNet Unrealized Gain on Available for Sale Securities\tDefined Benefit Plan\tTotal\nBeginning balance\t2455\t(5232)\t(2777)\t(1360)\t(5276)\t(6636)\nOther comprehensive gain before reclassifications\t2949\t0\t2949\t4784\t0\t4784\nAmounts reclassified from accumulated other comprehensive (loss) gain\t(964)\t114\t(850)\t(158)\t111\t(47)\nNet current-period other comprehensive income\t1985\t114\t2099\t4626\t111\t4737\nEnding balance\t4440\t(5118)\t(678)\t3266\t(5165)\t(1899)\n", "q10k_tbl_14": "Details about Accumulated Other Comprehensive Loss Components\t\tAmount Reclassified from Accumulated Other Comprehensive Loss\t\t\tAffected Line Item in the Consolidated Statement of Income\n\tThree Months Ended September 30 2020\t\tThree Months Ended September 30 2019\t\nNet unrealized gain on available for sale securities\t\t1013\t\t189\tNet debt securities gains (losses) available for sale\nIncome tax effect\t\t(213)\t\t(40)\tIncome tax provision\nTotal reclassifications for the period\t\t800\t\t149\t\nNet unrecognized pension costs\t\t(52)\t\t(46)\tSalaries and employee benefits\nIncome tax effect\t\t11\t\t9\tIncome tax provision\nTotal reclassifications for the period\t\t(41)\t\t(37)\t\n", "q10k_tbl_15": "Details about Accumulated Other Comprehensive Loss Components\t\tAmount Reclassified from Accumulated Other Comprehensive Loss\t\t\tAffected Line Item in the Consolidated Statement of Income\n\tNine months ended September 30 2020\t\tNine months ended September 30 2019\t\nNet unrealized gain on available for sale securities\t\t1220\t\t200\tNet debt securities gains available for sale\nIncome tax effect\t\t(256)\t\t(42)\tIncome tax provision\nTotal reclassifications for the period\t\t964\t\t158\t\nNet unrecognized pension costs\t\t(144)\t\t(140)\tSalaries and employee benefits\nIncome tax effect\t\t30\t\t29\tIncome tax provision\nTotal reclassifications for the period\t\t(114)\t\t(111)\t\n", "q10k_tbl_16": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n\t2020\t2019\t2020\t2019\nWeighted average common shares issued\t7525561\t7517280\t7522803\t7516406\nWeighted average treasury stock shares\t(480225)\t(480225)\t(480225)\t(480225)\nWeighted average common shares outstanding - basic\t7045336\t7037055\t7042578\t7036181\nDilutive effect of outstanding stock options\t0\t0\t0\t0\nWeighted average common shares outstanding - basic and diluted\t7045336\t7037055\t7042578\t7036181\n", "q10k_tbl_17": "\tSeptember 30 2020\t\t\t\n\t\tGross\tGross\t\n\tAmortized\tUnrealized\tUnrealized\tFair\n(In Thousands)\tCost\tGains\tLosses\tValue\nAvailable for sale (AFS):\t\t\t\t\nMortgage-backed securities\t2267\t25\t0\t2292\nState and political securities\t84873\t5136\t(13)\t89996\nOther debt securities\t56915\t969\t(497)\t57387\nTotal debt securities\t144055\t6130\t(510)\t149675\nInvestment equity securities:\t\t\t\t\nOther equity securities\t1300\t11\t(20)\t1291\nTrading:\t\t\t\t\nOther equity securities\t50\t0\t(15)\t35\n", "q10k_tbl_18": "\tDecember 31 2019\t\t\t\n\t\tGross\tGross\t\n\tAmortized\tUnrealized\tUnrealized\tFair\n(In Thousands)\tCost\tGains\tLosses\tValue\nAvailable for sale (AFS):\t\t\t\t\nMortgage-backed securities\t4956\t56\t(46)\t4966\nState and political securities\t79064\t3299\t(77)\t82286\nOther debt securities\t61492\t401\t(526)\t61367\nTotal debt securities\t145512\t3756\t(649)\t148619\nInvestment equity securities:\t\t\t\t\nOther equity securities\t1300\t0\t(39)\t1261\nTrading:\t\t\t\t\nOther equity securities\t50\t3\t(2)\t51\n", "q10k_tbl_19": "\tSeptember 30 2020\t\t\t\t\t\n\tLess than Twelve Months\t\tTwelve Months or Greater\t\tTotal\t\n\t\tGross\t\tGross\t\tGross\n\tFair\tUnrealized\tFair\tUnrealized\tFair\tUnrealized\n(In Thousands)\tValue\tLosses\tValue\tLosses\tValue\tLosses\nAvailable for sale (AFS):\t\t\t\t\t\t\nMortgage-backed securities\t0\t0\t0\t0\t0\t0\nState and political securities\t4179\t(6)\t904\t(7)\t5083\t(13)\nOther debt securities\t9682\t(260)\t3271\t(237)\t12953\t(497)\nTotal debt securities\t13861\t(266)\t4175\t(244)\t18036\t(510)\n", "q10k_tbl_20": "\tDecember 31 2019\t\t\t\t\t\n\tLess than Twelve Months\t\tTwelve Months or Greater\t\tTotal\t\n\t\tGross\t\tGross\t\tGross\n\tFair\tUnrealized\tFair\tUnrealized\tFair\tUnrealized\n(In Thousands)\tValue\tLosses\tValue\tLosses\tValue\tLosses\nAvailable for sale (AFS):\t\t\t\t\t\t\nMortgage-backed securities\t0\t0\t2115\t(46)\t2115\t(46)\nState and political securities\t7958\t(40)\t224\t(37)\t8182\t(77)\nOther debt securities\t13373\t(216)\t14258\t(310)\t27631\t(526)\nTotal debt securities\t21331\t(256)\t16597\t(393)\t37928\t(649)\n", "q10k_tbl_21": "(In Thousands)\tAmortized Cost\tFair Value\nDue in one year or less\t10744\t10812\nDue after one year to five years\t66984\t68131\nDue after five years to ten years\t56013\t60132\nDue after ten years\t10314\t10600\nTotal\t144055\t149675\n", "q10k_tbl_22": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n(In Thousands)\t2020\t2019\t2020\t2019\nAvailable for sale (AFS):\t\t\t\t\nGross realized gains:\t\t\t\t\nMortgage-backed securities\t0\t0\t83\t0\nState and political securities\t839\t190\t943\t204\nOther debt securities\t174\t0\t194\t4\nTotal gross realized gains\t1013\t190\t1220\t208\nGross realized losses:\t\t\t\t\nState and political securities\t0\t1\t0\t3\nOther debt securities\t0\t0\t0\t5\nTotal gross realized losses\t0\t1\t0\t8\n", "q10k_tbl_23": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n(In Thousands)\t2020\t2019\t2020\t2019\nNet gains (losses) recognized in equity securities during the period(\t0\t(21)\t30\t44\nLess: Net gains realized on the sale of equity securities during the period\t0\t0\t0\t0\nUnrealized gains recognized in equity securities held at reporting date\t0\t(21)\t30\t44\n", "q10k_tbl_24": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n(In Thousands)\t2020\t2019\t2020\t2019\nNet gains on sale transactions\t0\t0\t0\t8\nNet mark-to-market (losses) gains\t(2)\t2\t(16)\t7\nNet (loss) gain on trading account securities\t(2)\t2\t(16)\t15\n", "q10k_tbl_25": "\tSeptember 30 2020\t\t\t\t\n\t\tPast Due\tPast Due 90\t\t\n\t\t30 To 89\tDays Or More\tNon-\t\n(In Thousands)\tCurrent\tDays\t& Still Accruing\tAccrual\tTotal\nCommercial financial and agricultural\t171344\t245\t0\t1565\t173154\nReal estate mortgage:\t\t\t\t\t\nResidential\t590275\t2581\t595\t1667\t595118\nCommercial\t348644\t429\t196\t6452\t355721\nConstruction\t43142\t0\t0\t58\t43200\nConsumer automobile loans\t159810\t374\t0\t17\t160201\nOther consumer installment loans\t20294\t373\t0\t3\t20670\n\t1333509\t4002\t791\t9762\t1348064\nNet deferred loan fees and discounts\t1076\t\t\t\t1076\nAllowance for loan losses\t(13429)\t\t\t\t(13429)\nLoans net\t1321156\t\t\t\t1335711\n", "q10k_tbl_26": "\tDecember 31 2019\t\t\t\t\n\t\tPast Due\tPast Due 90\t\t\n\t\t30 To 89\tDays Or More\tNon-\t\n(In Thousands)\tCurrent\tDays\t& Still Accruing\tAccrual\tTotal\nCommercial financial and agricultural\t153737\t249\t30\t2197\t156213\nReal estate mortgage:\t\t\t\t\t\nResidential\t615580\t4881\t1529\t1266\t623256\nCommercial\t355597\t775\t164\t6725\t363261\nConstruction\t37871\t131\t0\t65\t38067\nConsumer automobile loans\t149703\t709\t0\t105\t150517\nOther consumer installment loans\t22124\t579\t324\t16\t23043\n\t1334612\t7324\t2047\t10374\t1354357\nNet deferred loan fees and discounts\t1187\t\t\t\t1187\nAllowance for loan losses\t(11894)\t\t\t\t(11894)\nLoans net\t1323905\t\t\t\t1343650\n", "q10k_tbl_27": "\tThree Months Ended September 30\t\t\t\n\t2020\t\t2019\t\n(In Thousands)\tInterest Income That Would Have Been Recorded Based on Original Term and Rate\tInterest Income Recorded on a Cash Basis\tInterest Income That Would Have Been Recorded Based on Original Term and Rate\tInterest Income Recorded on a Cash Basis\nCommercial financial and agricultural\t2\t14\t51\t49\nReal estate mortgage:\t\t\t\t\nResidential\t14\t2\t76\t76\nCommercial\t52\t0\t68\t30\nConstruction\t0\t0\t1\t1\nConsumer automobile loans\t0\t0\t0\t0\nOther consumer installment loans\t0\t0\t1\t1\n\t68\t16\t197\t157\n", "q10k_tbl_28": "\tNine Months Ended September 30\t\t\t\n\t2020\t\t2019\t\n(In Thousands)\tInterest Income That Would Have Been Recorded Based on Original Term and Rate\tInterest Income Recorded on a Cash Basis\tInterest Income That Would Have Been Recorded Based on Original Term and Rate\tInterest Income Recorded on a Cash Basis\nCommercial financial and agricultural\t37\t14\t108\t132\nReal estate mortgage:\t\t\t\t\nResidential\t27\t2\t142\t118\nCommercial\t116\t0\t233\t104\nConstruction\t1\t0\t3\t3\nConsumer automobile loans\t2\t3\t3\t2\nOther consumer installment loans\t3\t0\t2\t1\n\t186\t19\t491\t360\n", "q10k_tbl_29": "\tSeptember 30 2020\t\t\n\tRecorded\tUnpaid Principal\tRelated\n(In Thousands)\tInvestment\tBalance\tAllowance\nWith no related allowance recorded:\t\t\t\nCommercial financial and agricultural\t1820\t4607\t0\nReal estate mortgage:\t\t\t\nResidential\t4305\t4305\t0\nCommercial\t4113\t4113\t0\nConstruction\t60\t60\t0\nConsumer automobile loans\t0\t0\t0\nInstallment loans to individuals\t0\t0\t0\n\t10298\t13085\t0\nWith an allowance recorded:\t\t\t\nCommercial financial and agricultural\t15\t15\t0\nReal estate mortgage:\t\t\t\nResidential\t1272\t1272\t187\nCommercial\t3092\t3092\t920\nConstruction\t0\t0\t0\nConsumer automobile loans\t0\t0\t0\nInstallment loans to individuals\t0\t0\t0\n\t4379\t4379\t1107\nTotal:\t\t\t\nCommercial financial and agricultural\t1835\t4622\t0\nReal estate mortgage:\t\t\t\nResidential\t5577\t5577\t187\nCommercial\t7205\t7205\t920\nConstruction\t60\t60\t0\nConsumer automobile loans\t0\t0\t0\nInstallment loans to individuals\t0\t0\t0\n\t14677\t17464\t1107\n", "q10k_tbl_30": "\tDecember 31 2019\t\t\n\tRecorded\tUnpaid Principal\tRelated\n(In Thousands)\tInvestment\tBalance\tAllowance\nWith no related allowance recorded:\t\t\t\nCommercial financial and agricultural\t2285\t5072\t0\nReal estate mortgage:\t\t\t\nResidential\t5008\t5008\t0\nCommercial\t5035\t5035\t0\nConstruction\t65\t65\t0\nConsumer automobile loans\t0\t0\t0\nInstallment loans to individuals\t0\t0\t0\n\t12393\t15180\t0\nWith an allowance recorded:\t\t\t\nCommercial financial and agricultural\t0\t0\t0\nReal estate mortgage:\t\t\t\nResidential\t1168\t1200\t211\nCommercial\t3540\t3590\t1104\nConstruction\t0\t0\t0\nConsumer automobile loans\t130\t130\t62\nInstallment loans to individuals\t16\t16\t16\n\t4854\t4936\t1393\nTotal:\t\t\t\nCommercial financial and agricultural\t2285\t5072\t0\nReal estate mortgage:\t\t\t\nResidential\t6176\t6208\t211\nCommercial\t8575\t8625\t1104\nConstruction\t65\t65\t0\nConsumer automobile loans\t130\t130\t62\nInstallment loans to individuals\t16\t16\t16\n\t17247\t20116\t1393\n", "q10k_tbl_31": "\tThree Months Ended September 30\t\t\t\t\t\n\t2020\t\t\t2019\t\t\n(In Thousands)\tAverage Investment in Impaired Loans\tInterest Income Recognized on an Accrual Basis on Impaired Loans\tInterest Income Recognized on a Cash Basis on Impaired Loans\tAverage Investment in Impaired Loans\tInterest Income Recognized on an Accrual Basis on Impaired Loans\tInterest Income Recognized on a Cash Basis on Impaired Loans\nCommercial financial and agricultural\t1543\t33\t14\t5236\t1\t49\nReal estate mortgage:\t\t\t\t\t\t\nResidential\t5117\t63\t2\t5006\t26\t76\nCommercial\t6587\t71\t0\t9037\t30\t31\nConstruction\t54\t1\t0\t70\t0\t1\nConsumer automobile\t147\t0\t0\t37\t0\t0\nOther consumer installment loans\t0\t0\t0\t5\t0\t0\n\t13448\t168\t16\t19391\t57\t157\n", "q10k_tbl_32": "\tNine Months Ended September 30\t\t\t\t\t\n\t2020\t\t\t2019\t\t\n(In Thousands)\tAverage Investment in Impaired Loans\tInterest Income Recognized on an Accrual Basis on Impaired Loans\tInterest Income Recognized on a Cash Basis on Impaired Loans\tAverage Investment in Impaired Loans\tInterest Income Recognized on an Accrual Basis on Impaired Loans\tInterest Income Recognized on a Cash Basis on Impaired Loans\nCommercial financial and agricultural\t1849\t34\t14\t5269\t3\t131\nReal estate mortgage:\t\t\t\t\t\t\nResidential\t5535\t177\t2\t4584\t81\t115\nCommercial\t7577\t118\t0\t10053\t91\t100\nConstruction\t60\t1\t0\t72\t0\t3\nConsumer automobile\t111\t1\t3\t45\t0\t1\nOther consumer installment loans\t4\t0\t0\t11\t0\t0\n\t15136\t331\t19\t20034\t175\t350\n", "q10k_tbl_33": "\t\tThree Months Ended September 30\t\t\t\n\t2019\t\t\n(In Thousands Except Number of Contracts)\t\t\tNumber of Contracts\tPre-Modification Outstanding Recorded Investment\tPost-Modification Outstanding Recorded Investment\nCommercial financial and agricultural\t\t\t0\t0\t0\nReal estate mortgage:\t\t\t\t\t\nResidential\t\t\t1\t2059\t2059\nCommercial\t\t\t0\t0\t0\n\t\t\t1\t2059\t2059\n", "q10k_tbl_34": "\t\tNine Months Ended September 30\t\t\t\n\t2019\t\t\n(In Thousands Except Number of Contracts)\t\t\tNumber of Contracts\tPre-Modification Outstanding Recorded Investment\tPost-Modification Outstanding Recorded Investment\nCommercial financial and agricultural\t\t\t2\t4014\t4014\nReal estate mortgage:\t\t\t\t\t\nResidential\t\t\t1\t2059\t2059\nCommercial\t\t\t2\t2862\t2862\n\t\t\t5\t8935\t8935\n", "q10k_tbl_35": "\tSeptember 30 2020\t\t\t\t\t\t\t\t\t\t\n\tCommercial Financial and Agricultural\t\tReal Estate Mortgages\t\t\t\t\tConsumer automobile\t\tOther consumer installment loans\t\n(In Thousands)\t\tResidential\t\tCommercial\t\tConstruction\t\t\tTotals\nPass\t167073\t\t592131\t\t341309\t\t43041\t160184\t\t20667\t1324405\nSpecial Mention\t4516\t\t1320\t\t7960\t\t40\t0\t\t0\t13836\nSubstandard\t1565\t\t1667\t\t6452\t\t119\t17\t\t3\t9823\n\t173154\t\t595118\t\t355721\t\t43200\t160201\t\t20670\t1348064\n", "q10k_tbl_36": "\tDecember 31 2019\t\t\t\t\t\t\t\t\t\t\n\tCommercial Financial and Agricultural\t\tReal Estate Mortgages\t\t\t\t\tConsumer automobile\t\tOther consumer installment loans\t\n(In Thousands)\t\tResidential\t\tCommercial\t\tConstruction\t\t\tTotals\nPass\t149349\t\t618350\t\t348864\t\t37931\t150517\t\t23039\t1328050\nSpecial Mention\t3174\t\t2436\t\t5080\t\t0\t0\t\t0\t10690\nSubstandard\t3690\t\t2470\t\t9317\t\t136\t0\t\t4\t15617\n\t156213\t\t623256\t\t363261\t\t38067\t150517\t\t23043\t1354357\n", "q10k_tbl_37": "\tThree Months Ended September 30 2020\t\t\t\t\t\t\t\t\t\t\t\t\n\tCommercial Financial and Agricultural\t\tReal Estate Mortgages\t\t\t\t\tConsumer automobile\t\tOther consumer installment\t\t\t\n(In Thousands)\t\tResidential\t\tCommercial\t\tConstruction\t\t\tUnallocated\t\tTotals\nBeginning Balance\t1953\t\t4478\t\t3335\t\t150\t2214\t\t127\t\t720\t12977\nCharge-offs\t0\t\t(6)\t\t0\t\t0\t(200)\t\t(33)\t\t0\t(239)\nRecoveries\t9\t\t1\t\t0\t\t0\t10\t\t26\t\t0\t46\nProvision\t17\t\t(24)\t\t(290)\t\t20\t(27)\t\t135\t\t814\t645\nEnding Balance\t1979\t\t4449\t\t3045\t\t170\t1997\t\t255\t\t1534\t13429\n", "q10k_tbl_38": "\tThree Months Ended September 30 2019\t\t\t\t\t\t\t\t\t\t\t\t\n\tCommercial Financial and Agricultural\t\tReal Estate Mortgages\t\t\t\t\tConsumer automobile\t\tOther consumer installment\t\t\t\n(In Thousands)\t\tResidential\t\tCommercial\t\tConstruction\t\t\tUnallocated\t\tTotals\nBeginning Balance\t1584\t\t5749\t\t3523\t\t132\t1435\t\t240\t\t1338\t14001\nCharge-offs\t0\t\t(114)\t\t0\t\t0\t(34)\t\t(73)\t\t0\t(221)\nRecoveries\t43\t\t2\t\t0\t\t2\t14\t\t48\t\t0\t109\nProvision\t159\t\t4\t\t(12)\t\t22\t(41)\t\t27\t\t201\t360\nEnding Balance\t1786\t\t5641\t\t3511\t\t156\t1374\t\t242\t\t1539\t14249\n", "q10k_tbl_39": "t\tNine Months Ended September 30 2020\t\t\t\t\t\t\t\t\t\t\t\t\n\tCommercial Financial and Agricultural\t\tReal Estate Mortgages\t\t\t\t\tConsumer automobile\t\tOther consumer installment\t\t\t\n(In Thousands)\t\tResidential\t\tCommercial\t\tConstruction\t\t\tUnallocated\t\tTotals\nBeginning Balance\t1779\t\t4306\t\t3210\t\t118\t1780\t\t278\t\t423\t11894\nCharge-offs\t(22)\t\t(174)\t\t0\t\t0\t(289)\t\t(215)\t\t0\t(700)\nRecoveries\t32\t\t48\t\t0\t\t5\t17\t\t93\t\t0\t195\nProvision\t190\t\t269\t\t(165)\t\t47\t489\t\t99\t\t1111\t2040\nEnding Balance\t1979\t\t4449\t\t3045\t\t170\t1997\t\t255\t\t1534\t13429\n", "q10k_tbl_40": "\tNine Months Ended September 30 2019\t\t\t\t\t\t\t\t\t\t\t\t\n\tCommercial Financial and Agricultural\t\tReal Estate Mortgages\t\t\t\t\tConsumer automobile\t\tOther consumer installment\t\t\t\n(In Thousands)\t\tResidential\t\tCommercial\t\tConstruction\t\t\tUnallocated\t\tTotals\nBeginning Balance\t1680\t\t5616\t\t4047\t\t143\t1328\t\t259\t\t764\t13837\nCharge-offs\t(80)\t\t(251)\t\t(150)\t\t0\t(172)\t\t(235)\t\t0\t(888)\nRecoveries\t84\t\t3\t\t1\t\t10\t74\t\t93\t\t0\t265\nProvision\t102\t\t273\t\t(387)\t\t3\t144\t\t125\t\t775\t1035\nEnding Balance\t1786\t\t5641\t\t3511\t\t156\t1374\t\t242\t\t1539\t14249\n", "q10k_tbl_41": "\tSeptember 30\t\n\t2020\t2019\nOwners of residential rental properties\t16.29%\t15.41%\nOwners of commercial rental properties\t12.98%\t12.19%\n", "q10k_tbl_42": "\tSeptember 30 2020\t\t\t\t\t\t\t\t\t\t\n\tCommercial Financial and Agricultural\t\tReal Estate Mortgages\t\t\t\t\tConsumer Automobile\tOther consumer installment\tUnallocated\t\n(In Thousands)\t\tResidential\t\tCommercial\t\tConstruction\t\t\tTotals\nAllowance for Loan Losses:\t\t\t\t\t\t\t\t\t\t\t\nEnding allowance balance attributable to loans:\t\t\t\t\t\t\t\t\t\t\t\nIndividually evaluated for impairment\t0\t\t187\t\t920\t\t0\t0\t0\t0\t1107\nCollectively evaluated for impairment\t1979\t\t4262\t\t2125\t\t170\t1997\t255\t1534\t12322\nTotal ending allowance balance\t1979\t\t4449\t\t3045\t\t170\t1997\t255\t1534\t13429\nLoans:\t\t\t\t\t\t\t\t\t\t\t\nIndividually evaluated for impairment\t1835\t\t5577\t\t7205\t\t60\t0\t0\t\t14677\nCollectively evaluated for impairment\t171319\t\t589541\t\t348516\t\t43140\t160201\t20670\t\t1333387\nTotal ending loans balance\t173154\t\t595118\t\t355721\t\t43200\t160201\t20670\t\t1348064\n", "q10k_tbl_43": "\tDecember 31 2019\t\t\t\t\t\t\t\t\t\t\n\tCommercial Financial and Agricultural\t\tReal Estate Mortgages\t\t\t\t\tConsumer Automobile\tOther consumer installment\tUnallocated\t\n(In Thousands)\t\tResidential\t\tCommercial\t\tConstruction\t\t\tTotals\nAllowance for Loan Losses:\t\t\t\t\t\t\t\t\t\t\t\nEnding allowance balance attributable to loans:\t\t\t\t\t\t\t\t\t\t\t\nIndividually evaluated for impairment\t0\t\t211\t\t1104\t\t0\t62\t16\t0\t1393\nCollectively evaluated for impairment\t1779\t\t4095\t\t2106\t\t118\t1718\t262\t423\t10501\nTotal ending allowance balance\t1779\t\t4306\t\t3210\t\t118\t1780\t278\t423\t11894\nLoans:\t\t\t\t\t\t\t\t\t\t\t\nIndividually evaluated for impairment\t2285\t\t6176\t\t8575\t\t65\t130\t16\t\t17247\nCollectively evaluated for impairment\t153928\t\t617080\t\t354686\t\t38002\t150387\t23027\t\t1337110\nTotal ending loans balance\t156213\t\t623256\t\t363261\t\t38067\t150517\t23043\t\t1354357\n", "q10k_tbl_44": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n(In Thousands)\t2020\t2019\t2020\t2019\nInterest cost\t161\t191\t481\t573\nExpected return on plan assets\t(330)\t(248)\t(956)\t(746)\nAmortization of net loss\t52\t46\t144\t140\nNet periodic benefit\t(117)\t(11)\t(331)\t(33)\n", "q10k_tbl_45": "(In Thousands)\tSeptember 30 2020\tDecember 31 2019\nCommitments to extend credit\t189556\t187778\nStandby letters of credit\t10186\t9638\nCredit exposure from the sale of assets with recourse\t8495\t6826\n\t208237\t204242\n", "q10k_tbl_46": "\tSeptember 30 2020\t\t\t\n(In Thousands)\tLevel I\tLevel II\tLevel III\tTotal\nAssets measured on a recurring basis:\t\t\t\t\nInvestment securities available for sale:\t\t\t\t\nMortgage-backed securities\t0\t2292\t0\t2292\nState and political securities\t0\t89996\t0\t89996\nOther debt securities\t0\t57387\t0\t57387\nInvestment equity securities:\t\t\t\t\nOther equity securities\t1291\t0\t0\t1291\nInvestment securities trading:\t\t\t\t\nOther equity securities\t35\t0\t0\t35\n", "q10k_tbl_47": "\tDecember 31 2019\t\t\t\n(In Thousands)\tLevel I\tLevel II\tLevel III\tTotal\nAssets measured on a recurring basis:\t\t\t\t\nInvestment securities available for sale:\t\t\t\t\nMortgage-backed securities\t0\t4966\t0\t4966\nState and political securities\t0\t82286\t0\t82286\nOther debt securities\t0\t61367\t0\t61367\nInvestment equity securities:\t\t\t\t\nOther equity securities\t1261\t0\t0\t1261\nInvestment securities trading:\t\t\t\t\nOther equity securities\t51\t0\t0\t51\n", "q10k_tbl_48": "\tSeptember 30 2020\t\t\t\n(In Thousands)\tLevel I\tLevel II\tLevel III\tTotal\nAssets measured on a non-recurring basis:\t\t\t\t\nImpaired loans\t0\t0\t12910\t12910\nOther real estate owned\t0\t0\t376\t376\n", "q10k_tbl_49": "\tDecember 31 2019\t\t\t\n(In Thousands)\tLevel I\tLevel II\tLevel III\tTotal\nAssets measured on a non-recurring basis:\t\t\t\t\nImpaired loans\t0\t0\t15854\t15854\nOther real estate owned\t0\t0\t413\t413\n", "q10k_tbl_50": "\tSeptember 30 2020\t\t\t\t\n\tQuantitative Information About Level III Fair Value Measurements\t\t\t\t\n(In Thousands)\tFair Value\tValuation Technique(s)\tUnobservable Inputs\tRange\tWeighted Average\nImpaired loans\t5604\tDiscounted cash flow\tTemporary reduction in payment amount\t3% to (59)%\t(19)%\n\t7306\tAppraisal of collateral (1)\tAppraisal adjustments (1)\t0% to (30)%\t(8)%\nOther real estate owned\t376\tAppraisal of collateral (1)\tAppraisal adjustments (1)\t(20)%\t(20)%\n", "q10k_tbl_51": "\tDecember 31 2019\t\t\t\t\n\tQuantitative Information About Level III Fair Value Measurements\t\t\t\t\n(In Thousands)\tFair Value\tValuation Technique(s)\tUnobservable Inputs\tRange\tWeighted Average\nImpaired loans\t6950\tDiscounted cash flow\tTemporary reduction in payment amount\t17% to (59)%\t(24)%\n\t8904\tAppraisal of collateral (1)\tAppraisal adjustments (1)\t-% to (30)%\t(9)%\nOther real estate owned\t413\tAppraisal of collateral (1)\tAppraisal adjustments (1)\t(20)%\t(20)%\n", "q10k_tbl_52": "\tCarrying\tFair\tFair Value Measurements at September 30 2020\t\t\n(In Thousands)\tValue\tValue\tLevel I\tLevel II\tLevel III\nFinancial assets:\t\t\t\t\t\nCash and cash equivalents (1)\t226272\t226272\t226272\t0\t0\nRestricted investment in bank stock (1)\t15006\t15006\t15006\t0\t0\nLoans held for sale (1)\t6647\t6647\t6647\t0\t0\nLoans net\t1335711\t1401625\t0\t0\t1401625\nBank-owned life insurance (1)\t33474\t33474\t33474\t0\t0\nAccrued interest receivable (1)\t8540\t8540\t8540\t0\t0\nFinancial liabilities:\t\t\t\t\t\nInterest-bearing deposits\t1057562\t1123505\t807449\t0\t316056\nNoninterest-bearing deposits (1)\t434248\t434248\t434248\t0\t0\nShort-term borrowings (1)\t15009\t15009\t15009\t0\t0\nLong-term borrowings\t153534\t159534\t0\t0\t159534\nAccrued interest payable (1)\t1491\t1491\t1491\t0\t0\n", "q10k_tbl_53": "\tCarrying\tFair\tFair Value Measurements at December 31 2019\t\t\n(In Thousands)\tValue\tValue\tLevel I\tLevel II\tLevel III\nFinancial assets:\t\t\t\t\t\nCash and cash equivalents (1)\t48589\t48589\t48589\t0\t0\nRestricted investment in bank stock (1)\t13528\t13528\t13528\t0\t0\nLoans held for sale (1)\t4232\t4232\t4232\t0\t0\nLoans net\t1343650\t1346395\t0\t0\t1346395\nBank-owned life insurance (1)\t29253\t29253\t29253\t0\t0\nAccrued interest receivable (1)\t5246\t5246\t5246\t0\t0\nFinancial liabilities:\t\t\t\t\t\nInterest-bearing deposits\t989259\t990747\t611374\t0\t379373\nNoninterest-bearing deposits (1)\t334746\t334746\t334746\t0\t0\nShort-term borrowings (1)\t4920\t4920\t4920\t0\t0\nLong-term borrowings\t161920\t163931\t0\t0\t163931\nAccrued interest payable (1)\t1671\t1671\t1671\t0\t0\n", "q10k_tbl_54": "Stock Options Granted\t\t\t\t\t\t\nDate\tShares\tForfeited\tOutstanding\tStrike Price\tVesting Period\tExpiration\nMarch 11 2020\t119300\t0\t119300\t25.34\t3 years\t10 years\nMarch 11 2020\t119200\t0\t119200\t25.34\t5 years\t10 years\nMarch 15 2019\t120900\t(1950)\t118950\t28.01\t3 years\t10 years\nMarch 15 2019\t119100\t(1800)\t117300\t28.01\t5 years\t10 years\nAugust 24 2018\t75300\t(1950)\t73350\t30.67\t3 years\t10 years\nAugust 24 2018\t149250\t(4050)\t145200\t30.67\t5 years\t10 years\nJanuary 5 2018\t18750\t0\t18750\t30.07\t3 years\t10 years\nJanuary 5 2018\t18750\t0\t18750\t30.07\t5 years\t10 years\nMarch 24 2017\t69375\t(6750)\t62625\t29.47\t3 years\t10 years\nMarch 24 2017\t35625\t0\t35625\t29.47\t5 years\t10 years\nAugust 27 2015\t58125\t(22875)\t35250\t28.02\t5 years\t10 years\n", "q10k_tbl_55": "\tSeptember 30 2020\t\tSeptember 30 2019\t\n\tShares\tWeighted Average Exercise Price\tShares\tWeighted Average Exercise Price\nOutstanding beginning of year\t625800\t29.29\t395550\t30.08\nGranted\t238500\t25.34\t240000\t28.01\nExercised\t0\t0\t0\t0\nForfeited\t0\t0\t0\t0\nExpired\t0\t0\t0\t0\nOutstanding end of period\t864300\t28.20\t635550\t29.30\nExercisable end of period\t97875\t28.95\t0\t0\n", "q10k_tbl_56": "(In Thousands)\tStatement of Financial Condition classification\tSeptember 30 2020\tDecember 31 2019\nFinance lease right of use assets\tPremises and equipment net\t5307\t5456\nFinance lease liabilities\tLong-term borrowings\t5534\t5587\n", "q10k_tbl_57": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n(In Thousands)\t2020\t2019\t2020\t2019\nFinance Lease Cost:\t\t\t\t\nAmortization of right-of-use asset\t50\t65\t150\t194\nInterest expense\t53\t56\t159\t168\nOperating lease cost\t76\t99\t243\t271\nVariable lease cost\t0\t1\t0\t3\nTotal Lease Cost\t179\t221\t552\t636\n", "q10k_tbl_58": "(In Thousands)\tOperating\tFinance\n2020\t71\t70\n2021\t291\t282\n2022\t298\t283\n2023\t273\t284\n2024\t263\t290\n2025 and thereafter\t3176\t8004\nTotal undiscounted cash flows\t4372\t9213\nDiscount on cash flows\t(1153)\t(3679)\nTotal lease liability\t3219\t5534\n", "q10k_tbl_59": "(Dollars in Thousands Except Per Share Data)\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n\t2020\t2019\t2020\t2019\nGAAP net income\t4472\t4650\t11305\t12839\nLess: net securities gains net of tax\t799\t134\t975\t205\nNon-GAAP core earnings\t3673\t4516\t10330\t12634\n", "q10k_tbl_60": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n\t2020\t2019\t2020\t2019\nReturn on average assets (ROA)\t0.97%\t1.10%\t0.85%\t1.02%\nLess: net securities gains net of tax\t0.18%\t0.03%\t0.07%\t0.01%\nNon-GAAP core ROA\t0.79%\t1.07%\t0.78%\t1.01%\n", "q10k_tbl_61": "\t\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n\t\t2020\t2019\t2020\t2019\nReturn on average equity (ROE)\t\t11.05%\t12.18%\t9.57%\t11.69%\nLess: net securities gains net of tax\t\t1.97%\t0.36%\t0.82%\t0.20%\nNon-GAAP core ROE\t.\t9.08%\t11.82%\t8.75%\t11.49%\n", "q10k_tbl_62": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n\t2020\t2019\t2020\t2019\nBasic earnings per share (EPS)\t0.63\t0.66\t1.61\t1.82\nLess: net securities gains net of tax\t0.11\t0.02\t0.14\t0.02\nNon-GAAP core operating EPS\t0.52\t0.64\t1.47\t1.80\n", "q10k_tbl_63": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n\t2020\t2019\t2020\t2019\nDiluted EPS\t0.63\t0.66\t1.61\t1.82\nLess: net securities gains net of tax\t0.11\t0.02\t0.14\t0.02\nNon-GAAP diluted core EPS\t0.52\t0.64\t1.47\t1.80\n", "q10k_tbl_64": "\tThree Months Ended\t\t\t\t\t\t\t\t\n\tSeptember 30 2020\t\t\tSeptember 30 2019\t\t\tChange\t\t\n(In Thousands)\tAmount\t% Total\t\tAmount\t% Total\t\tAmount\t%\t\nLoans including fees\t14080\t91.51\t%\t15426\t90.30\t%\t(1346)\t(8.73)\t%\nInvestment securities:\t\t\t\t\t\t\t\t\t\nTaxable\t925\t6.01\t\t998\t5.84\t\t(73)\t(7.31)\t\nTax-exempt\t170\t1.10\t\t167\t0.98\t\t3\t1.80\t\nDividend and other interest income\t212\t1.38\t\t493\t2.88\t\t(281)\t(57.00)\t\nTotal interest and dividend income\t15387\t100.00\t%\t17084\t100.00\t%\t(1697)\t(9.93)\t%\n", "q10k_tbl_65": "\tNine Months Ended\t\t\t\t\t\t\t\t\n\tSeptember 30 2020\t\t\tSeptember 30 2019\t\t\tChange\t\t\n(In Thousands)\tAmount\t% Total\t\tAmount\t% Total\t\tAmount\t%\t\nLoans including fees\t43403\t91.20\t%\t45595\t90.54\t%\t(2192)\t(4.81)\t%\nInvestment securities:\t\t\t\t\t\t\t\t\t\nTaxable\t2958\t6.21\t\t2899\t5.76\t\t59\t2.04\t\nTax-exempt\t484\t1.02\t\t520\t1.03\t\t(36)\t(6.92)\t\nDividend and other interest income\t747\t1.57\t\t1345\t2.67\t\t(598)\t(44.46)\t\nTotal interest and dividend income\t47592\t100.00\t%\t50359\t100.00\t%\t(2767)\t(5.49)\t%\n", "q10k_tbl_66": "\tThree Months Ended\t\t\t\t\t\t\t\t\n\tSeptember 30 2020\t\t\tSeptember 30 2019\t\t\tChange\t\t\n(In Thousands)\tAmount\t% Total\t\tAmount\t% Total\t\tAmount\t%\t\nDeposits\t2569\t72.53\t%\t3165\t75.70\t%\t(596)\t(18.83)\t%\nShort-term borrowings\t8\t0.23\t\t7\t0.17\t\t1\t14.29\t\nLong-term borrowings\t965\t27.24\t\t1009\t24.13\t\t(44)\t(4.36)\t\nTotal interest expense\t3542\t100.00\t%\t4181\t100.00\t%\t(639)\t(15.28)\t%\n", "q10k_tbl_67": "\tNine Months Ended\t\t\t\t\t\t\t\t\n\tSeptember 30 2020\t\t\tSeptember 30 2019\t\t\tChange\t\t\n(In Thousands)\tAmount\t% Total\t\tAmount\t% Total\t\tAmount\t%\t\nDeposits\t8406\t74.15\t%\t8336\t70.26\t%\t70\t0.84\t%\nShort-term borrowings\t37\t0.33\t\t790\t6.66\t\t(753)\t(95.32)\t\nLong-term borrowings\t2893\t25.52\t\t2739\t23.08\t\t154\t5.62\t\nTotal interest expense\t11336\t100.00\t%\t11865\t100.00\t%\t(529)\t(4.46)\t%\n", "q10k_tbl_68": "\tAVERAGE BALANCES AND INTEREST RATES\t\t\t\t\t\n\tThree Months Ended September 30 2020\t\t\tThree Months Ended September 30 2019\t\t\n(In Thousands)\tAverage Balance (1)\tInterest\tAverage Rate\tAverage Balance (1)\tInterest\tAverage Rate\nAssets:\t\t\t\t\t\t\nTax-exempt loans (3)\t42047\t386\t3.65%\t66617\t505\t3.04%\nAll other loans\t1313474\t13775\t4.17%\t1317964\t15027\t4.57%\nTotal loans (2)\t1355521\t14161\t4.16%\t1384581\t15532\t4.50%\nTaxable securities\t140695\t1116\t3.23%\t137394\t1284\t3.79%\nTax-exempt securities (3)\t30587\t216\t2.87%\t25769\t211\t3.32%\nTotal securities\t171282\t1332\t3.16%\t163163\t1495\t3.72%\nInterest-bearing deposits\t203817\t21\t0.04%\t36853\t207\t2.25%\nTotal interest-earning assets\t1730620\t15514\t3.57%\t1584597\t17234\t4.37%\nOther assets\t121901\t\t\t101318\t\t\nTotal assets\t1852521\t\t\t1685915\t\t\nLiabilities and shareholders' equity:\t\t\t\t\t\t\nSavings\t199420\t51\t0.10%\t169628\t66\t0.16%\nSuper Now deposits\t273190\t489\t0.71%\t232918\t481\t0.83%\nMoney market deposits\t263926\t330\t0.50%\t237362\t581\t0.98%\nTime deposits\t329190\t1699\t2.05%\t370229\t2037\t2.21%\nTotal interest-bearing deposits\t1065726\t2569\t0.96%\t1010137\t3165\t1.26%\nShort-term borrowings\t17517\t8\t0.18%\t7990\t7\t0.35%\nLong-term borrowings\t165064\t965\t2.33%\t169017\t1009\t2.26%\nTotal borrowings\t182581\t973\t2.12%\t177007\t1016\t2.18%\nTotal interest-bearing liabilities\t1248307\t3542\t1.13%\t1187144\t4181\t1.39%\nDemand deposits\t424753\t\t\t324940\t\t\nOther liabilities\t17644\t\t\t21151\t\t\nShareholders' equity\t161817\t\t\t152680\t\t\nTotal liabilities and shareholders' equity\t1852521\t\t\t1685915\t\t\nInterest rate spread\t\t\t2.44%\t\t\t2.98%\nNet interest income/margin\t\t11972\t2.76%\t\t13053\t3.32%\n", "q10k_tbl_69": "\tAVERAGE BALANCES AND INTEREST RATES\t\t\t\t\t\n\tNine Months Ended September 30 2020\t\t\tNine Months Ended September 30 2019\t\t\n(In Thousands)\tAverage Balance (1)\tInterest\tAverage Rate\tAverage Balance (1)\tInterest\tAverage Rate\nAssets:\t\t\t\t\t\t\nTax-exempt loans (3)\t46476\t1138\t3.27%\t69973\t1592\t3.04%\nAll other loans\t1304207\t42504\t4.35%\t1315022\t44337\t4.51%\nTotal loans (2)\t1350683\t43642\t4.32%\t1384995\t45929\t4.43%\nTaxable securities\t143601\t3582\t3.38%\t131451\t3934\t4.05%\nTax-exempt securities\t27558\t613\t3.02%\t26813\t658\t3.32%\nTotal securities\t171159\t4195\t3.32%\t158264\t4592\t3.92%\nInterest-bearing deposits\t125447\t123\t0.13%\t18050\t310\t2.30%\nTotal interest-earning assets\t1647289\t47960\t3.89%\t1561309\t50831\t4.36%\nOther assets\t116868\t\t\t109278\t\t\nTotal assets\t1764157\t\t\t1670587\t\t\nLiabilities and shareholders' equity:\t\t\t\t\t\t\nSavings\t189205\t209\t0.15%\t168909\t147\t0.12%\nSuper Now deposits\t248327\t1322\t0.71%\t236965\t1313\t0.74%\nMoney market deposits\t234772\t1225\t0.70%\t242630\t1649\t0.91%\nTime deposits\t356897\t5650\t2.11%\t335456\t5227\t2.08%\nTotal interest-bearing deposits\t1029201\t8406\t1.09%\t983960\t8336\t1.13%\nShort-term borrowings\t13195\t37\t0.37%\t45046\t790\t2.34%\nLong-term borrowings\t165702\t2893\t2.33%\t153684\t2739\t2.24%\nTotal borrowings\t178897\t2930\t2.19%\t198730\t3529\t2.26%\nTotal interest-bearing liabilities\t1208098\t11336\t1.25%\t1182690\t11865\t1.32%\nDemand deposits\t378889\t\t\t318602\t\t\nOther liabilities\t19682\t\t\t22705\t\t\nShareholders' equity\t157488\t\t\t146590\t\t\nTotal liabilities and shareholders' equity\t1764157\t\t\t1670587\t\t\nInterest rate spread\t\t\t2.64%\t\t\t3.04%\nNet interest income/margin\t\t36624\t2.97%\t\t38966\t3.34%\n", "q10k_tbl_70": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n(In Thousands)\t2020\t2019\t2020\t2019\nTotal interest income\t15387\t17084\t47592\t50359\nTotal interest expense\t3542\t4181\t11336\t11865\nNet interest income\t11845\t12903\t36256\t38494\nTax equivalent adjustment\t127\t150\t368\t472\nNet interest income (fully taxable equivalent)\t11972\t13053\t36624\t38966\n", "q10k_tbl_71": "\tThree Months Ended September 30\t\t\tNine Months Ended September 30\t\t\n\t2020 vs. 2019\t\t\t2020 vs. 2019\t\t\n\tIncrease (Decrease) Due to\t\t\tIncrease (Decrease) Due to\t\t\n(In Thousands)\tVolume\tRate\tNet\tVolume\tRate\tNet\nInterest income:\t\t\t\t\t\t\nTax-exempt loans\t(209)\t90\t(119)\t(501)\t47\t(454)\nAll other loans\t(47)\t(1205)\t(1252)\t(345)\t(1488)\t(1833)\nTaxable investment securities\t30\t(198)\t(168)\t187\t(539)\t(352)\nTax-exempt investment securities\t37\t(32)\t5\t8\t(53)\t(45)\nInterest bearing deposits\t182\t(368)\t(186)\t1305\t(1492)\t(187)\nTotal interest-earning assets\t(7)\t(1713)\t(1720)\t654\t(3525)\t(2871)\nInterest expense:\t\t\t\t\t\t\nSavings deposits\t11\t(26)\t(15)\t20\t42\t62\nSuper Now deposits\t81\t(73)\t8\t43\t(34)\t9\nMoney market deposits\t59\t(310)\t(251)\t(52)\t(372)\t(424)\nTime deposits\t(205)\t(133)\t(338)\t345\t78\t423\nShort-term borrowings\t5\t(4)\t1\t(344)\t(409)\t(753)\nLong-term borrowings\t(44)\t0\t(44)\t101\t53\t154\nTotal interest-bearing liabilities\t(93)\t(546)\t(639)\t113\t(642)\t(529)\nChange in net interest income\t86\t(1167)\t(1081)\t541\t(2883)\t(2342)\n", "q10k_tbl_72": "\tTotal Nonperforming Loans\t\t\n(In Thousands)\t90 Days Past Due\tNon-accrual\tTotal\nSeptember 30 2020\t791\t9762\t10553\nJune 30 2020\t1279\t9818\t11097\nMarch 31 2020\t1503\t9797\t11300\nDecember 31 2019\t2047\t10374\t12421\nSeptember 30 2019\t1304\t15904\t17208\n", "q10k_tbl_73": "\tThree Months Ended\t\t\t\t\t\n\tSeptember 30 2020\t\tSeptember 30 2019\t\tChange\t\n(In Thousands)\tAmount\t% Total\tAmount\t% Total\tAmount\t%\nService charges\t388\t9.62%\t622\t22.04%\t(234)\t(37.62)%\nNet debt securities gains available for sale\t1013\t25.11\t189\t6.70\t824\t(435.98)\nNet equity securities (losses) gains\t0\t0\t(21)\t(0.74)\t21\t100.00\nNet securities (losses) gains trading\t(2)\t(0.05)\t2\t0.07\t(4)\t(200.00)\nBank-owned life insurance\t156\t3.87\t143\t5.07\t13\t9.09\nGain on sale of loans\t1449\t35.91\t583\t20.66\t866\t148.54\nInsurance commissions\t101\t2.50\t93\t3.30\t8\t8.60\nBrokerage commissions\t224\t5.55\t353\t12.51\t(129)\t(36.54)\nDebit card income\t352\t8.72\t333\t11.80\t19\t5.71\nOther\t354\t8.77\t525\t18.59\t(171)\t(32.57)\nTotal non-interest income\t4035\t100.00%\t2822\t100.00%\t1213\t42.98%\n", "q10k_tbl_74": "\tNine Months Ended\t\t\t\t\t\n\tSeptember 30 2020\t\tSeptember 30 2019\t\tChange\t\n(In Thousands)\tAmount\t% Total\tAmount\t% Total\tAmount\t%\nService charges\t1249\t13.74%\t1776\t23.54%\t(527)\t(29.67)%\nNet debt securities gains available for sale\t1220\t13.42\t200\t2.65\t1020\t(510.00)\nNet equity securities gains\t30\t0.33\t44\t0.58\t(14)\t31.82\nNet securities (losses) gains trading\t(16)\t(0.18)\t15\t0.20\t(31)\t(206.67)\nBank-owned life insurance\t492\t5.41\t434\t5.75\t58\t13.36\nGain on sale of loans\t2921\t32.12\t1246\t16.51\t1675\t134.43\nInsurance commissions\t320\t3.52\t346\t4.59\t(26)\t(7.51)\nBrokerage commissions\t779\t8.57\t1032\t13.68\t(253)\t(24.52)\nDebit card income\t936\t10.29\t1032\t13.68\t(96)\t(9.30)\nOther\t1162\t12.78\t1420\t18.82\t(258)\t(18.17)\nTotal non-interest income\t9093\t100.00%\t7545\t100.00%\t1548\t20.52%\n", "q10k_tbl_75": "\tThree Months Ended\t\t\t\t\t\n\tSeptember 30 2020\t\tSeptember 30 2019\t\tChange\t\n(In Thousands)\tAmount\t% Total\tAmount\t% Total\tAmount\t%\nSalaries and employee benefits\t5465\t56.30%\t5488\t57.52%\t(23)\t(0.42)%\nOccupancy\t599\t6.17\t638\t6.69\t(39)\t(6.11)\nFurniture and equipment\t837\t8.62\t885\t9.28\t(48)\t(5.42)\nSoftware amortization\t257\t2.65\t234\t2.45\t23\t9.83\nPennsylvania shares tax\t340\t3.50\t285\t2.99\t55\t19.30\nProfessional fees\t608\t6.26\t585\t6.13\t23\t3.93\nFederal Deposit Insurance Corporation deposit insurance\t271\t2.79\t0\t0\t271\t#DIV/0!\nMarketing\t61\t0.63\t98\t1.03\t(37)\t(37.76)\nIntangible amortization\t53\t0.55\t62\t0.65\t(9)\t(14.52)\nOther\t1216\t12.53\t1266\t13.26\t(50)\t(3.95)\nTotal non-interest expense\t9707\t100.00%\t9541\t100.00%\t166\t1.74%\n", "q10k_tbl_76": "\tNine Months Ended\t\t\t\t\t\n\tSeptember 30 2020\t\tSeptember 30 2019\t\tChange\t\n(In Thousands)\tAmount\t% Total\tAmount\t% Total\tAmount\t%\nSalaries and employee benefits\t16362\t55.60%\t16512\t56.14%\t(150)\t(0.91)%\nOccupancy\t1927\t6.55\t2085\t7.09\t(158)\t(7.58)\nFurniture and equipment\t2525\t8.58\t2421\t8.23\t104\t4.30\nSoftware amortization\t743\t2.52\t629\t2.14\t114\t18.12\nPennsylvania shares tax\t948\t3.22\t863\t2.93\t85\t9.85\nProfessional fees\t1888\t6.42\t1834\t6.24\t54\t2.94\nFederal Deposit Insurance Corporation deposit insurance\t650\t2.21\t504\t1.71\t146\t28.97\nMarketing\t170\t0.58\t233\t0.79\t(63)\t(27.04)\nIntangible amortization\t174\t0.59\t202\t0.69\t(28)\t(13.86)\nOther\t4041\t13.73\t4131\t14.04\t(90)\t(2.18)\nTotal non-interest expense\t29428\t100.00%\t29414\t100.00%\t14\t0.05%\n", "q10k_tbl_77": "\tSeptember 30 2020\t\tDecember 31 2019\t\tChange\t\n(In Thousands)\tAmount\t% Total\tAmount\t% Total\tAmount\t%\nCommercial financial and agricultural\t173154\t12.83%\t156213\t11.52%\t16941\t10.84%\nReal estate mortgage:\t\t\t\t\t\t\nResidential\t595118\t44.11\t623256\t45.98\t(28138)\t(4.51)%\nCommercial\t355721\t26.37\t363261\t26.80\t(7540)\t(2.08)%\nConstruction\t43200\t3.20\t38067\t2.81\t5133\t13.48%\nConsumer automobile loans\t160201\t11.87\t150517\t11.10\t9684\t6.43%\nOther consumer installment loans\t20670\t1.53\t23043\t1.70\t(2373)\t(10.30)%\nNet deferred loan fees and discounts\t1076\t0.09\t1187\t0.09\t(111)\t(9.35)%\nGross loans\t1349140\t100.00%\t1355544\t100.00%\t(6404)\t(0.47)%\n", "q10k_tbl_78": "\tSeptember 30 2020\t\t\tDecember 31 2019\t\t\n(In Thousands)\tAccrual\tNon-accrual\tTotal\tAccrual\tNon-accrual\tTotal\nCommercial financial and agricultural\t1493\t69\t1562\t0\t2190\t2190\nReal estate mortgage:\t\t\t\t\t\t\nResidential\t4020\t0\t4020\t4089\t144\t4233\nCommercial\t5904\t732\t6636\t2127\t4732\t6859\n\t11417\t801\t12218\t6216\t7066\t13282\n", "q10k_tbl_79": "\tA- to AAA\t\t\tB- to BBB+\t\tNot Rated\t\tTotal\t\n(In Thousands)\tAmortized Cost\t\tFair Value\tAmortized Cost\tFair Value\tAmortized Cost\tFair Value\tAmortized Cost\tFair Value\nAvailable for sale (AFS):\t\t\t\t\t\t\t\t\t\nMortgage-backed securities\t2267\t7\t2292\t0\t0\t0\t0\t2267\t2292\nState and political securities\t82515\t\t87520\t1179\t1238\t1179\t1238\t84873\t89996\nOther debt securities\t17537\t\t16301\t19689\t21162\t19689\t19924\t56915\t57387\nTotal debt securities AFS\t102319\t\t106113\t20868\t22400\t20868\t21162\t144055\t149675\n", "q10k_tbl_80": "\tSeptember 30 2020\t\tDecember 31 2019\t\tChange\t\n(In Thousands)\tAmount\t% Total\tAmount\t% Total\tAmount\t%\nDemand deposits\t434248\t29.11%\t334746\t25.28%\t99502\t29.72%\nNOW accounts\t268463\t18.00\t218605\t16.51\t49858\t22.81\nMoney market deposits\t274480\t18.40\t216038\t16.32\t58442\t27.05\nSavings deposits\t202781\t13.59\t176732\t13.35\t26049\t14.74\nTime deposits\t311838\t20.90\t377884\t28.54\t(66046)\t(17.48)\nTotal deposits\t1491810\t100.00%\t1324005\t100.00%\t167805\t12.67%\n", "q10k_tbl_81": "\tSeptember 30 2020\t\tDecember 31 2019\t\tChange\t\n(In Thousands)\tAmount\t% Total\tAmount\t% Total\tAmount\t%\nShort-term borrowings:\t\t\t\t\t\t\nFHLB repurchase agreements\t0\t-%\t0\t-%\t0\tn/a\nSecurities sold under agreement to repurchase\t15009\t8.91\t4920\t2.95\t10089\t205.06\nTotal short-term borrowings\t15009\t8.91\t4920\t2.95\t10089\t205.06\nLong-term borrowings:\t\t\t\t\t\t\nLong-term FHLB borrowings\t148000\t87.80\t156333\t93.70\t(8333)\t(5.33)\nLong-term finance lease\t5534\t3.28\t5587\t3.35\t(53)\t(0.95)\nTotal long-term borrowings\t153534\t91.09\t161920\t97.05\t(8386)\t(5.18)\nTotal borrowed funds\t168543\t100.00%\t166840\t100.00%\t1703\t1.02%\n", "q10k_tbl_82": "\tRemaining Contractual Maturity Overnight and Continuous\t\n(In Thousands)\tSeptember 30 2020\tDecember 31 2019\nInvestment debt securities pledged fair value\t22797\t6752\nRepurchase agreements\t15009\t4920\n", "q10k_tbl_83": "\tSeptember 30 2020\t\tDecember 31 2019\t\n(In Thousands)\tAmount\tRatio\tAmount\tRatio\nCommon Equity Tier I Capital (to Risk-weighted Assets)\t\t\t\t\nActual\t145909\t10.803%\t140372\t10.674%\nFor Capital Adequacy Purposes\t60779\t4.500\t59179\t4.500\nMinimum To Maintain Capital Conservation Buffer At Reporting Date\t94544\t7.000\t92056\t7.000\nTo Be Well Capitalized\t87791\t6.500\t85480\t6.500\nTotal Capital (to Risk-weighted Assets)\t\t\t\t\nActual\t156697\t11.992%\t149748\t11.387%\nFor Capital Adequacy Purposes\t104534\t8.000\t105206\t8.000\nMinimum To Maintain Capital Conservation Buffer At Reporting Date\t137201\t10.500\t138083\t10.500\nTo Be Well Capitalized\t130668\t10.000\t131508\t10.000\nTier I Capital (to Risk-weighted Assets)\t\t\t\t\nActual\t145909\t11.166%\t140372\t10.674%\nFor Capital Adequacy Purposes\t78404\t6.000\t78905\t6.000\nMinimum To Maintain Capital Conservation Buffer At Reporting Date\t111072\t8.500\t111782\t8.500\nTo Be Well Capitalized\t104538\t8.000\t105207\t8.000\nTier I Capital (to Average Assets)\t\t\t\t\nActual\t145909\t8.400%\t140372\t8.514%\nFor Capital Adequacy Purposes\t69480\t4.000\t65949\t4.000\nTo Be Well Capitalized\t86851\t5.000\t82436\t5.000\n", "q10k_tbl_84": "\tSeptember 30 2020\t\tDecember 31 2019\t\n(In Thousands)\tAmount\tRatio\tAmount\tRatio\nCommon Equity Tier I Capital (to Risk-weighted Assets)\t\t\t\t\nActual\t102099\t10.964%\t99317\t10.381%\nFor Capital Adequacy Purposes\t41905\t4.500\t43052\t4.500\nMinimum To Maintain Capital Conservation Buffer At Reporting Date\t65185\t7.000\t66970\t7.000\nTo Be Well Capitalized\t60529\t6.500\t62187\t6.500\nTotal Capital (to Risk-weighted Assets)\t\t\t\t\nActual\t110264\t11.841%\t106093\t11.089%\nFor Capital Adequacy Purposes\t74496\t8.000\t76539\t8.000\nMinimum To Maintain Capital Conservation Buffer At Reporting Date\t97777\t10.500\t100458\t10.500\nTo Be Well Capitalized\t93121\t10.000\t95674\t10.000\nTier I Capital (to Risk-weighted Assets)\t0\t\t0\t\nActual\t102099\t10.964%\t99317\t10.381%\nFor Capital Adequacy Purposes\t55873\t6.000\t57403\t6.000\nMinimum To Maintain Capital Conservation Buffer At Reporting Date\t79154\t8.500\t81321\t8.500\nTo Be Well Capitalized\t74498\t8.000\t76538\t8.000\nTier I Capital (to Average Assets)\t\t\t\t\nActual\t102099\t7.724%\t99317\t8.191%\nFor Capital Adequacy Purposes\t52874\t4.000\t48501\t4.000\nTo Be Well Capitalized\t66092\t5.000\t60626\t5.000\n", "q10k_tbl_85": "\tSeptember 30 2020\t\tDecember 31 2019\t\n(In Thousands)\tAmount\tRatio\tAmount\tRatio\nCommon Equity Tier I Capital (to Risk-weighted Assets)\t\t\t\t\nActual\t39887\t10.623%\t38340\t10.577%\nFor Capital Adequacy Purposes\t16896\t4.500\t16312\t4.500\nMinimum To Maintain Capital Conservation Buffer At Reporting Date\t26283\t7.000\t25374\t7.000\nTo Be Well Capitalized\t24406\t6.500\t23562\t6.500\nTotal Capital (to Risk-weighted Assets)\t\t\t\t\nActual\t42359\t11.281%\t40940\t11.295%\nFor Capital Adequacy Purposes\t30039\t8.000\t28997\t8.000\nMinimum To Maintain Capital Conservation Buffer At Reporting Date\t39426\t10.500\t38058\t10.500\nTo Be Well Capitalized\t37549\t10.000\t36246\t10.000\nTier I Capital (to Risk-weighted Assets)\t\t\t\t\nActual\t39887\t10.623%\t38340\t10.577%\nFor Capital Adequacy Purposes\t22529\t6.000\t21749\t6.000\nMinimum To Maintain Capital Conservation Buffer At Reporting Date\t31916\t8.500\t30811\t8.500\nTo Be Well Capitalized\t30038\t8.000\t28999\t8.000\nTier I Capital (to Average Assets)\t\t\t\t\nActual\t39887\t7.946%\t38340\t8.653%\nFor Capital Adequacy Purposes\t20079\t4.000\t17723\t4.000\nTo Be Well Capitalized\t25099\t5.000\t22154\t5.000\n", "q10k_tbl_86": "\tParallel Rate Shock in Basis Points\t\t\t\t\t\t\n(In Thousands)\t-200\t-100\tStatic\t+100\t+200\t+300\t+400\nNet interest income\t43127\t46332\t49517\t51642\t53759\t55648\t57484\nChange from static\t(6390)\t(3185)\t0\t2125\t4242\t6131\t7967\nPercent change from static\t-12.90%\t-6.43%\t0\t4.29%\t8.57%\t12.38%\t16.09%\n", "q10k_tbl_87": "Period\tTotal Number of Shares (or Units) Purchased\tAverage Price Paid per Share (or Units) Purchased\tTotal Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs\tMaximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs\nMonth #1 (July 1 - July 31 2020)\t0\t0\t0\t513669\nMonth #2 (August 1 - August 31 2020)\t0\t0\t0\t513669\nMonth #3 (September 1 - September 30 2020)\t0\t0\t0\t513669\n", "q10k_tbl_88": "3(i)\tArticles of Incorporation of the Registrant as presently in effect (incorporated by reference to Exhibit 3(i) of the Registrant's Quarterly Report on Form 10-Q for the period ended September 30 2019).\n3(ii)\tBylaws of the Registrant (incorporated by reference to Exhibit 3(ii) of the Registrant's Quarterly Report on Form 10-Q for the period ended March 31 2020).\n31(i)\tRule 13a-14(a)/Rule 15d-14(a) Certification of Chief Executive Officer.\n31(ii)\tRule 13a-14(a)/Rule 15d-14(a) Certification of Chief Financial Officer.\n32(i)\tSection 1350 Certification of Chief Executive Officer.\n32(ii)\tSection 1350 Certification of Chief Financial Officer.\n101\tInteractive data file containing the following financial statements formatted in XBRL (Extensible Business Reporting Language): (i) the Consolidated Balance Sheet at September 30 2020 and December 31 2019; (ii) the Consolidated Statement of Income for the three and nine months ended September 30 2020 and 2019; (iii) Consolidated Statement of Comprehensive Income for the three and nine months ended September 30 2020 and 2019; (iv) the Consolidated Statement of Shareholders' Equity for the three and nine months ended September 30 2020 and 2019; (v) the Consolidated Statement of Cash Flows for the nine months ended September 30 2020 and 2019 and (vi) the Notes to Consolidated Financial Statements. As provided in Rule 406T of Regulation S-T this interactive data file shall not be deemed to be \"filed\" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed \"filed\" or part of any registration statement or prospectus for purposes of Section 11 or 12 under the Securities Act of 1933 or otherwise subject to liability under those sections.\n", "q10k_tbl_89": "Exhibit 3(i)\tArticles of Incorporation of the Registrant as presently in effect (incorporated by reference to Exhibit 3(i) of the Registrant's Quarterly Report on Form 10-Q for the period ended September 30 2019).\nExhibit 3(ii)\tBylaws of the Registrant (incorporated by reference to Exhibit 3(ii) of the Registrant's Quarterly Report on Form 10-Q for the period ended March 31 2020).\nExhibit 31(i)\tRule 13a-14(a)/Rule 15d-14(a) Certification of Chief Executive Officer\nExhibit 31(ii)\tRule 13a-14(a)/Rule 15d-14(a) Certification of Chief Financial Officer\nExhibit 32(i)\tSection 1350 Certification of Chief Executive Officer\nExhibit 32(ii)\tSection 1350 Certification of Chief Financial Officer\nExhibit 101\tInteractive data file containing the following financial statements formatted in XBRL (Extensible Business Reporting Language): (i) the Consolidated Balance Sheet at September 30 2020 and December 31 2019; (ii) the Consolidated Statement of Income for the three and nine months ended September 30 2020 and 2019; (iii) Consolidated Statement of Comprehensive Income for the three and nine months ended September 30 2020 and 2019; (iv) the Consolidated Statement of Shareholders' Equity for the three and nine months ended September 30 2020 and 2019; (v) the Consolidated Statement of Cash Flows for the nine months ended September 30 2020 and 2019 and (vi) the Notes to Consolidated Financial Statements. As provided in Rule 406T of Regulation S-T this interactive data file shall not be deemed to be \"filed\" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed \"filed\" or part of any registration statement or prospectus for purposes of Section 11 or 12 under the Securities Act of 1933 or otherwise subject to liability under those sections.\n"}{"bs": "q10k_tbl_3", "is": "q10k_tbl_4", "cf": "q10k_tbl_10"}None
Quarterly Report pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934
for the Quarterly Period Ended September 30, 2020.
☐
Transition report pursuant to Section 13 or 15 (d) of the Exchange Act
For the Transition Period from to .
No. 0-17077
(Commission File Number)
PENNS WOODS BANCORP INC.
(Exact name of Registrant as specified in its charter)
Pennsylvania
300 Market Street, P.O. Box 967
23-2226454
(State or other jurisdiction of
Williamsport
(I.R.S. Employer Identification No.)
incorporation or organization)
Pennsylvania
17703-0967
(Address of principal executive offices)
(Zip Code)
(570) 322-1111
Registrant’s telephone number, including area code
Securities registered pursuant to Section 12(b) of the Exchange Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common stock, $5.55 par value
PWOD
The Nasdaq Global Select Market
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒ NO ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes☒ NO ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company. or an emerging growth company. See the definition of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer
☐
Accelerated filer
☒
Non-accelerated filer
☐
Smaller reporting company
☒
Emerging growth company
☐
If an emerging growth company, indicate by check mark if registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
On November 1, 2020 there were 7,051,783 shares of the Registrant’s common stock outstanding.