Dating rudating 39545

The

Third Quarter Operating Results Overview Net interest income was .0 million for the third quarter of 2017, a

The

The

The

The

The

The

The

The

The

Third Quarter Operating Results Overview Net interest income was .0 million for the third quarter of 2017, a [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].6 million, or 10%, increase over the .4 million earned for the third quarter of 2016.

The decrease was largely in part due to tax deductions for the third quarter of 2017 related to the excess tax benefit realized from the increase in the fair value of stock options exercised.

There were 16,472 stock options exercised during the third quarter of 2017 that were set to expire in December 2017 and there were no stock options exercised during the third quarter of 2016.

These factors include a trend of decreasing fair market values in Scranton/Wilkes-Barre urban real estate markets and the various potential regulatory and other impacts associated with the Company's growing asset size.

.2 million, or 9%, improvement resulted from [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].6 million higher net interest income combined with [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].2 million more non-interest income and a [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].1 million lower provision for income taxes, partially offset by [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].6 million higher operating expenses and a [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].2 million increase in the provision for loan losses.

.2 million, or 9%, improvement resulted from [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].6 million higher net interest income combined with [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].2 million more non-interest income and a [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].1 million lower provision for income taxes, partially offset by [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].6 million higher operating expenses and a [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down .4 million in short-term borrowings.

.2 million, or 9%, improvement resulted from [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].6 million higher net interest income combined with [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].2 million more non-interest income and a [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].1 million lower provision for income taxes, partially offset by [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].6 million higher operating expenses and a [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down .4 million in short-term borrowings.

.2 million, or 9%, improvement resulted from [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].6 million higher net interest income combined with [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].2 million more non-interest income and a [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].1 million lower provision for income taxes, partially offset by [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].6 million higher operating expenses and a [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down .4 million in short-term borrowings.

.2 million, or 9%, improvement resulted from [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].6 million higher net interest income combined with [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].2 million more non-interest income and a [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].1 million lower provision for income taxes, partially offset by [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].6 million higher operating expenses and a [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down .4 million in short-term borrowings.

.2 million, or 9%, improvement resulted from [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].6 million higher net interest income combined with [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].2 million more non-interest income and a [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].1 million lower provision for income taxes, partially offset by [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].6 million higher operating expenses and a [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].2 million increase in the provision for loan losses.

.2 million, or 9%, improvement resulted from [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].6 million higher net interest income combined with [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].2 million more non-interest income and a [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].1 million lower provision for income taxes, partially offset by [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].6 million higher operating expenses and a [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down .4 million in short-term borrowings.

.2 million, or 9%, improvement resulted from [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].6 million higher net interest income combined with [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].2 million more non-interest income and a [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].1 million lower provision for income taxes, partially offset by [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].6 million higher operating expenses and a [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down .4 million in short-term borrowings.

.2 million, or 9%, improvement resulted from [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].6 million higher net interest income combined with [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].2 million more non-interest income and a [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].1 million lower provision for income taxes, partially offset by [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].6 million higher operating expenses and a [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down .4 million in short-term borrowings.

.6 million, or 10%, increase over the .4 million earned for the third quarter of 2016.The decrease was largely in part due to tax deductions for the third quarter of 2017 related to the excess tax benefit realized from the increase in the fair value of stock options exercised.There were 16,472 stock options exercised during the third quarter of 2017 that were set to expire in December 2017 and there were no stock options exercised during the third quarter of 2016.These factors include a trend of decreasing fair market values in Scranton/Wilkes-Barre urban real estate markets and the various potential regulatory and other impacts associated with the Company's growing asset size.Total other income was .2 million for the third quarter of 2017 and .0 million for the third quarter of 2016.The provision for loan losses increased [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].2 million to [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].4 million for the third quarter of 2017 from [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].2 million for the third quarter of 2016.

.2 million, or 9%, improvement resulted from [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].6 million higher net interest income combined with [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].2 million more non-interest income and a [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].1 million lower provision for income taxes, partially offset by [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].6 million higher operating expenses and a [[

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

||

The $0.2 million, or 9%, improvement resulted from $0.6 million higher net interest income combined with $0.2 million more non-interest income and a $0.1 million lower provision for income taxes, partially offset by $0.6 million higher operating expenses and a $0.2 million increase in the provision for loan losses.

The Company continued to grow core deposits to fund loans and also pay down $29.4 million in short-term borrowings.

]].2 million increase in the provision for loan losses.

Consolidated Year-To-Date Operating Results Overview Net interest income was $20.8 million for the nine months ended September 30, 2017 compared to $18.7 million for the nine months ended September 30, 2016.

The $2.1 million, or 11%, improvement was the result of earnings from a higher average balance of interest-earning assets which offset higher interest expense on larger average borrowings and interest-bearing liabilities.

Due to the growth of $17.6 million in average non-interest bearing deposits mitigating the cost of funds increase to only seven basis points, the Company increased net interest margin by one basis point to 3.72% for the nine months ended September 30, 2017 from 3.71% for the same 2016 period.

For the nine months ended September 30, 2017, the provision for loan losses was $0.9 million compared to $0.6 million for the same 2016 period.

All share and per share information included in this earnings release for all periods has been retroactively adjusted to reflect this stock split.

[[

Third Quarter Operating Results Overview Net interest income was $7.0 million for the third quarter of 2017, a $0.6 million, or 10%, increase over the $6.4 million earned for the third quarter of 2016.The decrease was largely in part due to tax deductions for the third quarter of 2017 related to the excess tax benefit realized from the increase in the fair value of stock options exercised.There were 16,472 stock options exercised during the third quarter of 2017 that were set to expire in December 2017 and there were no stock options exercised during the third quarter of 2016.These factors include a trend of decreasing fair market values in Scranton/Wilkes-Barre urban real estate markets and the various potential regulatory and other impacts associated with the Company's growing asset size.Total other income was $2.2 million for the third quarter of 2017 and $2.0 million for the third quarter of 2016.The provision for loan losses increased $0.2 million to $0.4 million for the third quarter of 2017 from $0.2 million for the third quarter of 2016.

||

Third Quarter Operating Results Overview Net interest income was $7.0 million for the third quarter of 2017, a $0.6 million, or 10%, increase over the $6.4 million earned for the third quarter of 2016.

The decrease was largely in part due to tax deductions for the third quarter of 2017 related to the excess tax benefit realized from the increase in the fair value of stock options exercised.

There were 16,472 stock options exercised during the third quarter of 2017 that were set to expire in December 2017 and there were no stock options exercised during the third quarter of 2016.

These factors include a trend of decreasing fair market values in Scranton/Wilkes-Barre urban real estate markets and the various potential regulatory and other impacts associated with the Company's growing asset size.

Total other income was $2.2 million for the third quarter of 2017 and $2.0 million for the third quarter of 2016.

The provision for loan losses increased $0.2 million to $0.4 million for the third quarter of 2017 from $0.2 million for the third quarter of 2016.

||

Third Quarter Operating Results Overview Net interest income was $7.0 million for the third quarter of 2017, a $0.6 million, or 10%, increase over the $6.4 million earned for the third quarter of 2016.

The decrease was largely in part due to tax deductions for the third quarter of 2017 related to the excess tax benefit realized from the increase in the fair value of stock options exercised.

There were 16,472 stock options exercised during the third quarter of 2017 that were set to expire in December 2017 and there were no stock options exercised during the third quarter of 2016.

These factors include a trend of decreasing fair market values in Scranton/Wilkes-Barre urban real estate markets and the various potential regulatory and other impacts associated with the Company's growing asset size.

]] Tags: , ,