Penns Woods Bancorp (PWOD) 10-K 11 Mar 21 2020 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2020	Mar. 01, 2021	Jun. 30, 2020
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2020
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	0-17077
Entity Registrant Name	PENNS WOODS BANCORP, INC.
Entity Incorporation, State or Country Code	PA
Entity Address, Address Line One	300 Market Street, P.O. Box 967
Entity Tax Identification Number	23-2226454
Entity Address, City or Town	Williamsport,
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	17703-0967
City Area Code	570
Local Phone Number	322-1111
Title of 12(b) Security	Common stock, $5.55 par value
Trading Symbol	PWOD
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Smaller Reporting Company	true
Emerging Growth Company	false
ICFR Auditor Attestation Flag
Entity Shell Company	false
Entity Public Float			$ 159,931,723
Entity Common Stock, Shares Outstanding		7,056,712
Documents Incorporated by Reference	Portions of the registrant’s definitive proxy statement prepared in connection with its annual meeting of shareholders to be held on April 27, 2021 are incorporated by reference in Part III hereof.
Entity Central Index Key	0000716605
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
ASSETS:
Noninterest-bearing balances	$ 31,821	$ 24,725
Interest-bearing deposits in other financial institutions	181,537	23,864
Total cash and cash equivalents	213,358	48,589
Investment debt securities, available for sale, at fair value	162,261	148,619
Investment equity securities, at fair value	1,288	1,261
Investment securities, trading	40	51
Restricted investment in bank stock, at fair value	15,377	13,528
Loans held for sale	5,239	4,232
Loans	1,344,327	1,355,544
Allowance for loan losses	(13,803)	(11,894)
Loans, net	1,330,524	1,343,650
Premises and equipment, net	32,702	32,929
Accrued interest receivable	8,394	5,246
Bank-owned life insurance	33,638	29,253
Goodwill	17,104	17,104
Intangibles	671	898
Operating lease right of use asset	3,136	4,154
Deferred tax asset	2,526	3,338
Other assets	8,385	12,471
TOTAL ASSETS	1,834,643	1,665,323
LIABILITIES:
Interest-bearing deposits	1,045,086	989,259
Noninterest-bearing deposits	449,357	334,746
Total deposits	1,494,443	1,324,005
Short-term borrowings	5,244	4,920
Long-term borrowings	153,475	161,920
Accrued interest payable	1,112	1,671
Operating lease liability	3,175	4,170
Other liabilities	13,048	13,655
TOTAL LIABILITIES	1,670,497	1,510,341
SHAREHOLDERS’ EQUITY:
Preferred stock, 0 par value, 3,000,000 shares authorized; 0 shares issued	0	0
Common stock, par value $5.55, 22,500,000 shares authorized; 7,532,576 and 7,520,740 shares issued; 7,052,351 and 7,040,515 shares outstanding	41,847	41,782
Additional paid-in capital	52,523	51,487
Retained earnings	82,769	76,583
Accumulated other comprehensive (loss) gain:
Net unrealized gain on available for sale securities	4,714	2,455
Defined benefit plan	(5,596)	(5,232)
Treasury stock at cost, 480,225 shares	(12,115)	(12,115)
TOTAL PENNS WOODS BANCORP, INC. SHAREHOLDERS’ EQUITY	164,142	154,960
Non controlling interest	4	22
TOTAL SHAREHOLDERS' EQUITY	164,146	154,982
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 1,834,643	$ 1,665,323

CONSOLIDATED BALANCE SHEET (Par

CONSOLIDATED BALANCE SHEET (Parenthetical) - $ / shares	Dec. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	3,000,000	3,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 5.55	$ 5.55
Common stock, shares authorized (in shares)	22,500,000	22,500,000
Common stock, shares issued (in shares)	7,532,576	7,520,740
Common stock, shares outstanding (in shares(	7,052,351	7,040,515
Treasury stock (in shares)	480,225	480,225

CONSOLIDATED STATEMENT OF INCOM

CONSOLIDATED STATEMENT OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
INTEREST AND DIVIDEND INCOME:
Loans, including fees	$ 57,217	$ 60,384	$ 54,000
Investment securities:
Taxable	3,778	3,997	2,784
Tax-exempt	650	660	860
Dividend and other interest income	993	1,733	1,102
TOTAL INTEREST AND DIVIDEND INCOME	62,638	66,774	58,746
INTEREST EXPENSE:
Deposits	10,565	11,443	6,370
Short-term borrowings	43	793	1,757
Long-term borrowings	3,807	3,723	2,809
TOTAL INTEREST EXPENSE	14,415	15,959	10,936
NET INTEREST INCOME	48,223	50,815	47,810
PROVISION FOR LOAN LOSSES	2,625	2,735	1,735
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	45,598	48,080	46,075
NON-INTEREST INCOME:
Service charges, insurance commissions, brokerage commissions, and debit card income	1,280	1,378	1,534
Net debt securities gains (losses), available for sale	1,592	640	(47)
Net equity securities gains (losses)	27	89	(170)
Net securities (losses) gains, trading	(11)	19	3
Bank-owned life insurance	653	574	662
Gain on sale of loans	4,148	1,754	1,518
Other	1,403	1,796	1,800
TOTAL NON-INTEREST INCOME	12,168	10,452	9,461
NON-INTEREST EXPENSE:
Salaries and employee benefits	21,632	21,829	21,083
Occupancy	2,650	2,712	2,702
Furniture and equipment	3,411	3,248	3,092
Software amortization	978	871	712
Pennsylvania shares tax	1,289	1,148	1,108
Professional fees	2,362	2,474	2,106
Federal Deposit Insurance Corporation deposit insurance	939	578	890
Write down of assets held for sale	0	475	0
Loss on sale of premises and equipment	0	474	0
Marketing	261	425	767
Intangible amortization	227	264	300
Other	5,319	5,210	5,247
TOTAL NON-INTEREST EXPENSE	39,068	39,708	38,007
INCOME BEFORE INCOME TAX PROVISION	18,698	18,824	17,529
INCOME TAX PROVISION	3,474	3,138	2,819
CONSOLIDATED NET INCOME	15,224	15,686	14,710
Earnings attributable to noncontrolling interest	18	14	6
NET INCOME ATTRIBUTABLE TO PENNS WOODS BANCORP, INC.	$ 15,206	$ 15,672	$ 14,704
EARNINGS PER SHARE - BASIC (in dollars per share)	$ 2.16	$ 2.23	$ 2.09
EARNINGS PER SHARE - DILUTED (in dollars per share)	$ 2.16	$ 2.20	$ 2.09
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares)	7,044,542	7,038,714	7,035,381
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares)	7,044,542	7,113,339	7,035,381
DIVIDENDS PER SHARE (in dollars per share)	$ 1.28	$ 1.26	$ 1.25
Service charges
NON-INTEREST INCOME:
Service charges, insurance commissions, brokerage commissions, and debit card income	$ 1,690	$ 2,411	$ 2,460
Insurance commissions
NON-INTEREST INCOME:
Service charges, insurance commissions, brokerage commissions, and debit card income	416	433	365
Brokerage commissions
NON-INTEREST INCOME:
Service charges, insurance commissions, brokerage commissions, and debit card income	970	1,358	1,336
Debit card income
NON-INTEREST INCOME:
Service charges, insurance commissions, brokerage commissions, and debit card income	$ 1,280	$ 1,378	$ 1,534

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Comprehensive Income [Abstract]
Net Income	$ 15,206	$ 15,672	$ 14,704
Other comprehensive income (loss):
Change in unrealized gain (loss) on available for sale securities	4,452	5,469	(1,022)
Tax effect	(935)	(1,148)	216
Net realized (gain) loss included in net income	(1,592)	(640)	47
Tax effect	334	134	(10)
(Accretion) amortization of unrecognized pension and post-retirement items	(461)	56	(451)
Tax effect	97	(12)	95
Total other comprehensive income (loss)	1,895	3,859	(1,125)
Comprehensive income	$ 17,101	$ 19,531	$ 13,579

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period Of Adoption, Adjustment	COMMON STOCK	ADDITIONAL PAID-IN CAPITAL	RETAINED EARNINGS	RETAINED EARNINGSCumulative Effect, Period Of Adoption, Adjustment	ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSSCumulative Effect, Period Of Adoption, Adjustment	TREASURY STOCK	NON-CONTROLLING INTEREST
Beginning balance (in shares) at Dec. 31, 2017			7,514,008
Beginning balance at Dec. 31, 2017	$ 138,194	$ 0	$ 41,744	$ 50,173	$ 63,364	$ 537	$ (4,974)	$ (537)	$ (12,115)	$ 2
Increase (Decrease) in Shareholders' Equity
Net income	14,710				14,704					6
Other comprehensive income (loss)	(1,125)						(1,125)
Stock-based compensation recognized in earnings	486			486
Dividends declared	(8,818)				(8,818)
Common shares issued for employee stock purchase plan (in shares)			3,538
Common shares issued for employee stock purchase plan	97		$ 19	78
Ending balance (in shares) at Dec. 31, 2018			7,517,546
Ending balance at Dec. 31, 2018	$ 143,544		$ 41,763	50,737	69,787		(6,636)		(12,115)	8
Increase (Decrease) in Shareholders' Equity
DIVIDENDS PER SHARE (in dollars per share)	$ 1.25
Net income	$ 15,686				15,672					14
Other comprehensive income (loss)	3,859						3,859
Stock-based compensation recognized in earnings	680			680
Dividends declared	(8,876)				(8,876)
Common shares issued for employee stock purchase plan (in shares)			3,414
Common shares issued for employee stock purchase plan	89		$ 19	70
Stock split fractional shares (in shares)			(220)
Ending balance (in shares) at Dec. 31, 2019			7,520,740
Ending balance at Dec. 31, 2019	$ 154,982		$ 41,782	51,487	76,583		(2,777)		(12,115)	22
Increase (Decrease) in Shareholders' Equity
DIVIDENDS PER SHARE (in dollars per share)	$ 1.26
Net income	$ 15,224				15,206					18
Other comprehensive income (loss)	1,895						1,895
Stock-based compensation recognized in earnings	854			854
Dividends declared	(9,020)				(9,020)
Common shares issued for employee stock purchase plan (in shares)			3,972
Common shares issued for employee stock purchase plan	86		$ 21	65
Common shares issued for director compensation plan (in shares)			7,864
Common shares issued for director compensation plan	161		$ 44	117
Distributions to noncontrolling interest	(36)									(36)
Ending balance (in shares) at Dec. 31, 2020			7,532,576
Ending balance at Dec. 31, 2020	$ 164,146		$ 41,847	$ 52,523	$ 82,769		$ (882)		$ (12,115)	$ 4
Increase (Decrease) in Shareholders' Equity
DIVIDENDS PER SHARE (in dollars per share)	$ 1.28

CONSOLIDATED STATEMENT OF CHA_2

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Stockholders' Equity [Abstract]
Dividends declared (in dollars per share)	$ 1.28	$ 1.26	$ 1.25

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
OPERATING ACTIVITIES:
Net income	$ 15,224	$ 15,686	$ 14,710
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	3,076	2,951	2,515
Write down of assets held for sale	0	475	0
Loss on sale of premises and equipment	(14)	474	0
Amortization of intangible assets	227	264	300
Provision for loan losses	2,625	2,735	1,735
Stock based compensation	854	680	486
Amortization of investment security discounts and premiums, net	793	671	776
Securities (gains) losses, available for sale	(1,592)	(640)	47
Originations of loans held for sale	(131,775)	(61,723)	(55,283)
Proceeds of loans held for sale	134,916	62,174	55,068
Gain on sale of loans	(4,148)	(1,754)	(1,518)
Net equity securities (gains) losses	(27)	(89)	170
Net securities losses (gains), trading	11	(19)	(3)
Proceeds from sales of trading securities	0	78	466
Purchases of trading securities	0	(74)	(309)
Security trades receivable	0	(6,626)	0
Earnings on bank-owned life insurance	(653)	(574)	(662)
Decrease (increase) in deferred tax asset	309	814	(324)
Other, net	2,174	(1,453)	(904)
Net cash provided by operating activities	22,000	14,050	17,270
Investment debt securities available for sale:
Proceeds from sales	20,767	23,799	19,296
Proceeds from calls, maturities and repayments	23,292	6,845	8,033
Purchases	(54,043)	(40,180)	(58,725)
Proceeds from sales of equity securities	0	604	570
Net decrease (increase) in loans	10,269	24,010	(139,776)
Acquisition of premises and equipment	(2,668)	(2,706)	(2,005)
Proceeds from sale of premises and equipment	336	297	0
Proceeds from the sale of foreclosed assets	226	502	445
Purchase of bank-owned life insurance	(3,970)	(30)	(30)
Proceeds from bank-owned life insurance death benefit	248	0	0
Investment in limited partnership	(3,347)	0	0
Proceeds from redemption of regulatory stock	3,561	13,934	15,352
Purchases of regulatory stock	(5,410)	(8,600)	(20,882)
Net cash (used for) provided by investing activities	(10,739)	18,475	(177,722)
FINANCING ACTIVITIES:
Net increase in interest-bearing deposits	55,827	90,170	56,085
Net increase in noninterest-bearing deposits	114,611	13,932	17,498
Proceeds from long-term borrowings	35,000	50,000	80,000
Repayment of long-term borrowings	(43,333)	(32,608)	(12,028)
Net increase (decrease) in short-term borrowings	324	(162,945)	67,117
Finance lease principal payments	(112)	(440)	0
Dividends paid	(9,020)	(8,876)	(8,818)
Distributions to non-controlling interest	(36)	0	0
Issuance of common stock	247	89	97
Net cash provided by (used for) financing activities	153,508	(50,678)	199,951
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	164,769	(18,153)	39,499
CASH AND CASH EQUIVALENTS, BEGINNING	48,589	66,742	27,243
CASH AND CASH EQUIVALENTS, ENDING	213,358	48,589	66,742
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest paid	14,974	15,438	10,288
Income taxes paid	2,945	3,567	2,350
Transfer of loans to foreclosed real estate	232	525	877
Transfer due to adoption of ASU 2016-01, equity securities fair value adjust, reclassification from AOCI to Retained Earnings, net of tax	0	0	537
Right of use lease assets obtained in exchange for lessee finance lease liabilities	0	6,026	0
Right of use lease assets obtained in exchange for lessee operations lease liabilities	$ 0	$ 4,298	$ 0

OPERATIONS AND SUMMARY OF SIGNI

OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The accompanying consolidated financial statements include the accounts of Penns Woods Bancorp, Inc. and its wholly owned subsidiaries, Jersey Shore State Bank (“JSSB”), Luzerne Bank ("Luzerne" and collectively with JSSB , the "Banks"), Woods Real Estate Development Co., Inc., Woods Investment Company, Inc., The M Group Inc. D/B/A The Comprehensive Financial Group (“The M Group”), a wholly owned subsidiary of JSSB and an eighty percent owned subsidiary, United Insurance Solutions, LLC, (collectively, the “Corporation”). All significant intercompany balances and transactions have been eliminated. Nature of Business The Banks engage in a full-service commercial banking business, making available to the community a wide range of financial services including, but not limited to, installment loans, credit cards, mortgage and home equity loans, lines of credit, construction financing, farm loans, community development loans, loans to non-profit entities and local government, and various types of demand and time deposits including, but not limited to, checking accounts, savings accounts, money market deposit accounts, certificates of deposit, and IRAs. Deposits are insured by the Federal Deposit Insurance Corporation (“FDIC”) to the extent provided by law. The financial services are provided by the Banks to individuals, partnerships, non-profit organizations, and corporations through their twenty-seven offices located in Clinton, Lycoming, Centre, Montour, Union, Blair, and Luzerne Counties, Pennsylvania. Woods Real Estate Development Co., Inc. engages in real estate transactions on behalf of Penns Woods Bancorp, Inc. and the Banks. Woods Investment Company, Inc., a Delaware holding company, is engaged in investing activities. The M Group engages in securities brokerage and financial planning services, which include the sale of life insurance products, annuities, and estate planning services. United Insurance Solutions, LLC offers property and casualty and auto insurance products within the Corporation's market footprint. Operations are managed and financial performance is evaluated on a corporate-wide basis. Accordingly, all financial service operations are considered by management to be aggregated in one reportable operating segment. Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, valuation of net deferred tax assets, impairment of goodwill, other than temporary impairment of debt and equity securities, fair value of financial instruments, and the valuation of real estate acquired through, or in lieu of, foreclosure on settlement of debt. Cash and Cash Equivalents Cash and cash equivalents include cash on hand and in banks and federal funds sold. Interest-earning deposits mature within 90 days and are carried at cost. Net cash flows are reported for loan, deposit, and short-term borrowing transactions. Restrictions on Cash and Cash Equivalents Based on deposit levels, the Banks must maintain cash and other reserves with the Federal Reserve Bank of Philadelphia ("FRB"). Investment Securities Investment securities are classified at the time of purchase, based on management’s intention and ability, as securities held to maturity, securities available for sale, or securities held for trading. Debt securities acquired with the intent and ability to hold to maturity are stated at cost, adjusted for amortization of premium and accretion of discount, which are computed using the interest method and recognized as adjustments of interest income. Certain other debt securities have been classified as available for sale to serve principally as a source of liquidity. Unrealized holding gains and losses for available for sale securities are reported as a separate component of shareholders’ equity, net of tax, until realized. Equity securities are carried at fair value. Unrealized holding gains and losses for equity securities are recognized as a separate component within the income statement. Realized security gains and losses are computed using the specific identification method for debt securities and the average cost method for marketable equity securities. Interest and dividends on investment securities are recognized as income when earned. Securities are periodically reviewed for other-than-temporary impairment based upon a number of factors, including, but not limited to, the length of time and extent to which the fair value has been less than cost, the financial condition of the underlying issuer, the ability of the issuer to meet contractual obligations, the likelihood of the security’s ability to recover any decline in its fair value, whether it is more likely than not that the Corporation would be required to sell the security before its anticipated recovery in fair value, and a review of the Corporation’s capital adequacy, interest rate risk position, and liquidity. The assessment of a security’s ability to recover any decline in fair value, the ability of the issuer to meet contractual obligations, and management’s intent and ability requires considerable judgment. A decline in value that is considered to be other-than-temporary is recorded as a loss within non-interest income in the Consolidated Statement of Income. Fair values of investment securities are based on observed market prices. Certain investment securities do not have observed bid prices and their fair value is based on instruments with similar risk elements. Since regulatory stock is redeemable at par, the Corporation carries it at cost. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff generally are stated at the principal amount outstanding, net of deferred fees and discounts, unamortized loan fees and costs, and the allowance for loan losses. Interest on loans is recognized as income when earned on the accrual method. The Corporation’s general policy has been to stop accruing interest on loans when it is determined a reasonable doubt exists as to the collectability of additional interest. Income is subsequently recognized only to the extent that cash payments are received provided the loan is not delinquent in payment and, in management’s judgment, the borrower has the ability and intent to make future principal payments. Otherwise, payments are applied to the unpaid principal balance of the loan. Loans are restored to accrual status if certain conditions are met, including but not limited to, the repayment of all unpaid interest and scheduled principal due, ongoing performance consistent with the contractual agreement, and the future expectation of continued, timely payments. Loan origination and commitment fees as well as certain direct loan origination costs are being deferred and amortized as an adjustment to the related loan’s yield over the contractual lives of the related loans. Allowance for Loan Losses The allowance for loan losses represents the amount which management estimates is adequate to provide for probable losses inherent in its loan portfolio as of the Consolidated Balance Sheet date. The allowance method is used in providing for loan losses. Accordingly, all loan losses are charged to the allowance and all recoveries are credited to it. The allowance for loan losses is established through a provision for loan losses charged to operations. The provision for loan losses is based upon management’s quarterly review of the loan portfolio. The purpose of the review is to assess loan quality, identify impaired loans, analyze delinquencies, ascertain loan growth, evaluate potential charge-offs and recoveries, and assess general economic conditions in the markets served. An external independent loan review is also performed semi-annually for the Bank. Management remains committed to an aggressive program of problem loan identification and resolution. The allowance is calculated by applying loss factors to outstanding loans by type, excluding loans for which a specific allowance has been determined. Loss factors are based on management’s consideration of the nature of the portfolio segments, changes in mix and volume of the loan portfolio, historical loan loss experience, and general economic conditions. In addition, management considers industry standards and trends with respect to nonperforming loans and its knowledge and experience with specific lending segments. Although management believes that it uses the best information available to make such determinations and that the allowance for loan losses is adequate at December 31, 2020, future adjustments could be necessary if circumstances or economic conditions differ substantially from the assumptions used in making the initial determinations. A downturn in the local economy, rising unemployment, or negative performance trends in financial information from borrowers could be indicators of subsequent increased levels of nonperforming assets and possible charge-offs, which would normally require increased loan loss provisions. An integral part of the periodic regulatory examination process is the review of the adequacy of the Banks' loan loss allowance. The regulatory agencies could require the Banks, based on their evaluation of information available at the time of their examination, to provide additional loan loss provisions to further supplement the allowance. Impaired loans are commercial and commercial real estate loans for which it is probable the Banks will not be able to collect all amounts due according to the contractual terms of the loan agreement. The Banks individually evaluate such loans for impairment and do not aggregate loans by major risk classifications. The definition of “impaired loans” is not the same as the definition of “nonaccrual loans,” although the two categories overlap. The Banks may choose to place a loan on nonaccrual status due to payment delinquency or uncertain collectability, while not classifying the loan as impaired if the loan is not a commercial or commercial real estate loan. Factors considered by management in determining impairment include payment status and collateral value. The amount of impairment for these types of loans is determined by the difference between the present value of the expected cash flows related to the loan, using the original interest rate, and its recorded value, or as a practical expedient in the case of collateralized loans, the difference between the fair value of the collateral and the recorded amount of the loans. When foreclosure is probable, impairment is measured based on the fair value of the collateral. Mortgage loans on one-to-four family properties and all consumer loans are large groups of smaller-balance homogeneous loans and are measured for impairment collectively. Loans that experience insignificant payment delays, which are defined as 90 days or less, generally are not classified as impaired. Management determines the significance of payment delays on a case-by-case basis taking into consideration all circumstances surrounding the loan and the borrower including the length of the delay, the borrower’s prior payment record, and the amount of shortfall in relation to the principal and interest owed. Loan Charge-off Policies Loans are generally fully or partially charged down to the fair value of collateral securing the asset when: • management judges the asset to be uncollectible; • repayment is deemed to be protracted beyond reasonable time frames; • the asset has been classified as a loss by either the internal loan review process or external examiners; • the borrower has filed bankruptcy and the loss becomes evident due to a lack of assets; or • the loan is 180 days past due unless both well secured and in the process of collection. Troubled Debt Restructurings In situations where, for economic or legal reasons related to a borrower’s financial difficulties, management may grant a concession for other than an insignificant period of time to the borrower that would not otherwise be considered, the related loan is classified as a troubled debt restructuring ("TDR"). Management strives to identify borrowers in financial difficulty early and work with them to modify to more affordable terms before their loan reaches nonaccrual status. These modified terms may include rate reductions, principal forgiveness, payment forbearance, and other actions intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral. In cases where borrowers are granted new terms that provide for a reduction of either interest or principal, management measures any impairment on the restructuring as noted above for impaired loans. In addition to the allowance for the pooled portfolios, management has developed a separate allowance for loans that are identified as impaired through a TDR. These loans are excluded from pooled loss forecasts and a separate reserve is provided under the accounting guidance for loan impairment. Consumer loans whose terms have been modified in a TDR are also individually analyzed for estimated impairment. Loans Held for Sale In general, fixed rate residential mortgage loans originated by the Banks are held for sale and are carried at cost due to their short holding period, which can range from less than two weeks to a maximum of thirty days. Sold loans are not serviced by the Banks. Proceeds from the sale of loans in excess of the carrying value are accounted for as a gain. Total gains on the sale of loans are shown as a component of non-interest income within the Consolidated Statement of Income. Foreclosed Assets Foreclosed assets are carried at the lower of cost or fair value less estimated selling costs. Prior to foreclosure, the value of the underlying loan is written down to the fair value of the real estate to be acquired by a charge to the allowance for loan losses, if necessary. Any subsequent write-downs are charged against operating expenses. Net operating expenses and gains and losses realized from disposition are included in non-interest expense and income, respectively, within the Consolidated Statement of Income. Premises and Equipment Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed using straight-line and accelerated methods over the estimated useful lives of the related assets, which range from five fifteen Bank-Owned Life Insurance The Corporation has purchased life insurance policies on certain officers and directors. Bank-owned life insurance is recorded at its cash surrender value, or the amount that can be realized. Increases in the cash surrender value are recognized as a component of non-interest income within the Consolidated Statement of Income. Goodwill The Corporation performs an annual impairment analysis of goodwill for its purchased subsidiaries, Luzerne and The M Group. Based on the fair value of these reporting units, estimated using the expected present value of future cash flows, no impairment of goodwill was recognized in 2020, 2019, or 2018. Intangible Assets At December 31, 2020, the Corporation had intangible assets of $156,000 as a result of the acquisition of Luzerne National Bank Corporation, which is net of accumulated amortization of $1,859,000. These intangible assets will continue to be amortized using the sum-of-the-years digits method of amortization over ten years. The Corporation also had intangible assets of $515,000, which is net of accumulated amortization of $505,000, as a result of the purchase of two books of business related to investment product sales. The book of business intangible is being amortized using the straight-line method over a period of ten years. Investments in Limited Partnerships The Corporation was a limited partner in one partnership at December 31, 2020 that will provide low income elderly housing in the Corporation’s geographic market area once construction is complete. The carrying value of the Corporation’s investment in the limited partnership was $3,944,000 at December 31, 2020 and $597,000 at December 31, 2019. The investment will be amortized over the ten-year tax credit receipt period. The partnership will be amortized once the project reaches the level of occupancy needed to begin the ten year tax credit recognition period. During 2020 the Corporation exited a partnership that provides low income elderly housing. This limited partnership had a carrying value of $33,000 at December 31, 2019 and had amortization of $33,000, $184,000, and $184,000 for 2020, 2019, and 2018, respectively. Off-Balance Sheet Financial Instruments In the ordinary course of business, the Corporation enters into off-balance sheet financial instruments. Those instruments consist of commitments to extend credit and standby letters of credit. When those instruments are funded or become payable, the Corporation reports the amounts in its financial statements. Marketing Cost Marketing costs are generally expensed as incurred. Income Taxes The Corporation prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Benefits from tax positions should be recognized in the financial statements only when it is more likely than not that the tax position will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information. A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not recognition threshold should be derecognized in the first subsequent financial reporting period in which that threshold is no longer met. Deferred tax assets and liabilities result from temporary differences in financial and income tax methods of accounting, and are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. The Corporation analyzed its deferred tax asset position and determined that there was not a need for a valuation allowance due to the Corporation’s ability to generate future ordinary and capital taxable income. The Corporation when applicable recognizes interest and penalties on income taxes as a component of income tax provision. Earnings Per Share The Corporation provides dual presentation of basic and diluted earnings per share. Basic earnings per share is calculated utilizing net income as reported in the numerator and weighted average shares outstanding in the denominator. The computation of diluted earnings per share differs in that the dilutive effects of any stock options are adjusted in the denominator. Employee Benefits Pension and employee benefits include contributions, determined actuarially, to a defined benefit retirement plan covering the eligible employees of JSSB. The plan is funded on a current basis to the extent that it is deductible under existing federal tax regulations. Pension and other employee benefits also include contributions to a defined contribution Section 401(k) plan covering eligible employees. Contributions matching those made by eligible employees are funded throughout the year. In addition, an elective contribution may be made annually at the discretion of the board of directors for the employees of JSSB with no contributions made since 2015. The M Group Products and Income Recognition The M Group product line is comprised primarily of annuities, life insurance, and mutual funds. The revenues generated from life insurance sales are commission only, as The M Group does not underwrite the policies. Life insurance sales include permanent and term policies with the majority of the policies written being permanent. Term life insurance policies are written for 10, 15, 20, and 30 year terms with the majority of the policies being written for 20 years. None of these products are offered as an integral part of lending activities. Commissions from the sale of annuities are recognized at the time notice is received from the third party broker/dealer or an insurance company that the transaction has been accepted and approved, which is also the time when commission income is received. Life insurance commissions are recognized at varying points based on the payment option chosen by the customer. Commissions from monthly and annual payment plans are recognized at the start of each annual period for the life insurance, while quarterly and semi-annual premium payments are recognized quarterly and semi-annually when the earnings process is complete. For example, semi-annual payments on the first of January and July would result in commission income recognition on the first of January and July, while payments on the first of January, April, July, and October would result in commission income recognition on those dates. The potential for chargebacks only exists for those policies on a monthly payment plan since income is recognized at the beginning of the annual coverage period versus at the time of each monthly payment. No liability is maintained for chargebacks as these are removed from income at the time of the occurrence. Accumulated Other Comprehensive Income (Loss) The Corporation is required to present accumulated other comprehensive income (loss) in a full set of general-purpose financial statements for all periods presented. Accumulated other comprehensive income (loss) is comprised of unrealized holding gains (losses) on the available for sale securities portfolio and the unrecognized components of net periodic benefit costs of the defined benefit pension plan. Segment Reporting The Corporation has determined that its only reportable segment is Community Banking. Reclassification of Comparative Amounts Certain items previously reported have been reclassified to conform to the current year’s reporting format. Such reclassifications did not affect net income or shareholders’ equity. Recent Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments , which changes the impairment model for most financial assets. This Update is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The underlying premise of the Update is that financial assets measured at amortized cost should be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The allowance for credit losses should reflect management’s current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The income statement will be affected for the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. With certain exceptions, transition to the new requirements will be through a cumulative-effect adjustment to opening retained earnings as of the beginning of the first reporting period in which the guidance is adopted. This Update is effective for SEC filers that are eligible to be smaller reporting companies, non-SEC filers, and all other companies, to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. We expect to recognize a one-time cumulative-effect adjustment to the allowance for loan losses as of the beginning of the first reporting period in which the new standard is effective but cannot yet determine the magnitude of any such one-time adjustment or the overall impact of the new guidance on the consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment . To simplify the subsequent measurement of goodwill, the FASB eliminated Step 2 from the goodwill impairment test. In computing the implied fair value of goodwill under Step 2, an entity had to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities) following the procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. Instead, under the amendments in this Update, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The Update is effective for smaller reporting companies and all other entities for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. This Update is not expected to have a significant impact on the Company’s financial statements. In August 2018, the FASB issued ASU 2018-14, Compensation – Retirement Benefits (Topic 715-20). This Update amends ASC 715 to add, remove, and clarify disclosure requirements related to defined benefit pension and other postretirement plans. The Update eliminates the requirement to disclose the amounts in accumulated other comprehensive income expected to be recognized as part of net periodic benefit cost over the next year. The Update also removes the disclosure requirements for the effects of a one-percentage-point change on the assumed health care costs and the effect of this change in rates on service cost, interest cost, and the benefit obligation for postretirement health care benefits. This Update is effective for public business entities for fiscal years ending after December 15, 2020, and must be applied on a retrospective basis. For all other entities, this Update is effective for fiscal years ending after December 15, 2021. This Update did not have a significant impact on the Company’s financial statements. In April 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Derivatives, and Hedging (Topic 815); and Financial Instruments (Topic 825), which affects a variety of topics in the Codification and applies to all reporting entities within the scope of the affected accounting guidance. ASU 2019-04 makes clarifying amendments to certain financial instrument standards. For entities that have not yet adopted ASU 2016-13, the effective dates for the amendments related to ASU 2016-13 are the same as the effective dates in ASU 2016-13. For entities that have adopted ASU 2016-13, the amendments related to ASU 2016-13 are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. For entities that have not yet adopted ASU 2017-12 as of April 25, 2019, the effective dates for the amendments to Topic 815 are the same as the effective dates in ASU 2017-12. For entities that have adopted ASU 2017-12 as of April 25, 2019, the effective date is as of the beginning of the first annual period beginning after April 25, 2019. The amendments related to ASU 2016-01 are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company qualifies as a smaller reporting company and does not expect to early adopt these ASUs. In May 2019, the FASB issued ASU 2019-05, Financial Instruments – Credit Losses (Topic 326) , which allows entities to irrevocably elect the fair value option for certain financial assets previously measured at amortized cost upon adoption of the new credit losses standard. To be eligible for the transition election, the existing financial asset must otherwise be both within the scope of the new credit losses standard and eligible for applying the fair value option in ASC 825-10.3. The election must be applied on an instrument-by-instrument basis and is not available for either available-for-sale or held-to-maturity debt securities. For entities that elect the fair value option, the difference between the carrying amount and the fair value of the financial asset would be recognized through a cumulative-effect adjustment to opening retained earnings as of the date an entity adopted ASU 2016-13. Changes in fair value of that financial asset would subsequently be reported in current earnings. For entities that have not yet adopted the credit losses standard, the ASU is effective when they implement the credit losses standard. For entities that already have adopted the credit losses standard, the ASU is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company qualifies as a smaller reporting company and does not expect to early adopt ASU 2016-13. In November 2019, the FASB issued ASU 2019-11, Codification Improvements to Topic 326, Financial Instruments – Credit Losses , to clarify its new credit impairment guidance in ASC 326, based on implementation issues raised by stakeholders. This Update clarified, among other things, that expected recoveries are to be included in the allowance for credit losses for these financial assets; an accounting policy election can be made to adjust the effective interest rate for existing troubled debt restructurings based on the prepayment assumptions instead of the prepayment assumptions applicable immediately prior to the restructuring event; and extends the practical expedient to exclude accrued interest receivable from all additional relevant disclosures involving amortized cost basis. For entities that have not yet adopted ASU 2016-13 as of November 26, 2019, the effective dates for ASU 2019-11 are the same as the effective dates and transition requirements in ASU 2016-13. For entities that have adopted ASU 2016-13, ASU 2019-11 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company qualifies as a smaller reporting company and does not expect to early adopt these ASUs. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740) , to simplify the accounting for income taxes, change the accounting for certain tax transactions, and make minor improvements to the codification. This Update provides a policy election to not allocate consolidated income taxes when a member of a consolidated tax return is not subject to income tax and provides guidance to evaluate whether a step-up in tax basis of goodwill relates to a business combination in which book goodwill was recognized or was a separate transaction. The Update also changes current guidance for making an intraperiod allocation if there is a loss in continuing operations and gains outside of continuing operations, determining when a deferred tax liability is recognized after an investor in a foreign entity transitions to or from the equity method of accounting, accounting for tax law changes and year-to-date losses in interim periods, and determining how to apply the income tax guidance to franchise taxes that are partially based on income. For public business entities, the amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The changes in accumulated other comprehensive income (loss) by component shown, net of tax and parenthesis indicating debits to net income, as of December 31, 2020, 2019, and 2018 were as follows: Twelve Months Ended Twelve Months Ended Twelve Months Ended (In Thousands) Net Unrealized Gain (Loss) on Available * Defined Total* Net Unrealized Gain (Loss) on Available * Defined * Total * Net Unrealized Gain (Loss) on Available * Defined * Total * Beginning balance $ 2,455 $ (5,232) $ (2,777) $ (1,360) $ (5,276) $ (6,636) $ (54) $ (4,920) $ (4,974) Other comprehensive income (loss) before reclassifications 3,517 (510) 3,007 4,321 (104) 4,217 (806) (486) (1,292) Amounts reclassified from accumulated other comprehensive (loss) income (1,258) 146 (1,112) (506) 148 (358) 37 130 167 Net current-period other comprehensive income (loss) 2,259 (364) 1,895 3,815 44 3,859 (769) (356) (1,125) Reclassification from — — — — — — (537) — (537) Ending balance $ 4,714 $ (5,596) $ (882) $ 2,455 $ (5,232) $ (2,777) $ (1,360) $ (5,276) $ (6,636) The adoption of ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities requires equity securities to run through the income statement and therefore the reclassification of prior accumulated losses are reflected above. The reclassifications out of accumulated other comprehensive income shown, net of tax and parenthesis indicating debits to net income, as of December 31, 2020, 2019, and 2018 were as follows: (In Thousands) Amount Reclassified from Accumulated Other Comprehensive Income Details about Accumulated Other Comprehensive Income Components Twelve Months Ended Affected Line Item December 31, 2020 December 31, 2019 December 31, 2018 Net realized gain (loss) on available for sale securities $ 1,592 $ 640 $ (47) Net debt securities gains (losses), net available for sale Income tax effect (334) (134) 10 Income tax provision $ 1,258 $ 506 $ (37) Net unrecognized pension expense $ (185) $ (187) $ (165) Other non-interest expense Income tax effect 39 39 35 Income tax provision $ (146) $ (148) $ (130)

PER SHARE DATA

PER SHARE DATA	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
PER SHARE DATA	PER SHARE DATA There are no convertible securities which would affect the denominator in calculating basic and dilutive earnings per share; therefore, net income as presented on the consolidated statement of income will be used as the numerator. The following table sets forth the composition of the weighted average common shares (denominator) used in the basic and dilutive per share computation. Year Ended December 31, 2020 2019 2018 Weighted average common shares issued 7,524,767 7,518,939 7,515,606 Average treasury stock shares (480,225) (480,225) (480,225) Weighted average common shares outstanding - basic 7,044,542 7,038,714 7,035,381 Dilutive effect of outstanding stock options — 74,625 — Weighted average common shares outstanding - diluted 7,044,542 7,113,339 7,035,381

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES The amortized cost, gross gains and losses, and fair values of investment securities at December 31, 2020 and 2019 are as follows: 2020 (In Thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for sale (AFS): Mortgage-backed securities $ 2,118 $ 23 $ — $ 2,141 State and political securities 102,690 5,382 (59) 108,013 Other debt securities 51,486 828 (207) 52,107 Total debt securities $ 156,294 $ 6,233 $ (266) $ 162,261 Investment equity securities: Other equity securities $ 1,300 $ 10 $ (22) $ 1,288 Total equity securities $ 1,300 $ 10 $ (22) $ 1,288 Trading: Other equity securities $ 50 $ — $ (10) $ 40 Trading investment equity securities $ 50 $ — $ (10) $ 40 2019 (In Thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for sale (AFS): Mortgage-backed securities $ 4,956 $ 56 $ (46) $ 4,966 State and political securities 79,064 3,299 (77) 82,286 Other debt securities 61,492 401 (526) 61,367 Total debt securities $ 145,512 $ 3,756 $ (649) $ 148,619 Investment equity securities: Other equity securities $ 1,300 $ — $ (39) $ 1,261 Total equity securities $ 1,300 $ — $ (39) $ 1,261 Trading: Other equity securities $ 50 $ 3 $ (2) $ 51 Trading investment equity securities $ 50 $ 3 $ (2) $ 51 The following tables show the Corporation’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at December 31, 2020 and 2019. 2020 Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (In Thousands) Value Losses Value Losses Value Losses Available for sale (AFS) State and political securities $ 12,311 $ (51) $ 900 $ (8) $ 13,211 $ (59) Other debt securities 5,964 (74) 4,429 (133) 10,393 (207) Total Debt Securities AFS $ 18,275 $ (125) $ 5,329 $ (141) $ 23,604 $ (266) 2019 Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (In Thousands) Value Losses Value Losses Value Losses Available for sale (AFS) Mortgage-backed securities $ — $ — $ 2,115 $ (46) $ 2,115 $ (46) State and political securities 7,958 (40) 224 (37) 8,182 (77) Other debt securities 13,373 (216) 14,258 (310) 27,631 (526) Total Debt Securities AFS $ 21,331 $ (256) $ 16,597 $ (393) $ 37,928 $ (649) At December 31, 2020 there were 28 individual securities in a continuous unrealized loss position for less than twelve months and 6 individual securities in a continuous unrealized loss position for greater than twelve months. The Corporation reviews its position quarterly and has asserted that at December 31, 2020 and 2019, the declines outlined in the above table represent temporary declines and the Corporation does not intend to sell and does not believe they will be required to sell these securities before recovery of their cost basis, which may be at maturity. The Corporation has concluded that any impairment of its investment securities portfolio is not other than temporary but is the result of interest rate changes that are not expected to result in the non-collection of principal and interest during the period. The amortized cost and fair value of debt securities at December 31, 2020, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities since borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. (In Thousands) Amortized Cost Fair Value Due in one year or less $ 13,518 $ 13,490 Due after one year to five years 70,187 71,674 Due after five years to ten years 60,896 65,102 Due after ten years 11,693 11,995 Total $ 156,294 $ 162,261 Total gross proceeds from sales of securities available for sale were $20,767,000, $23,799,000, and $19,296,000 for 2020, 2019, and 2018, respectively. The following table represents gross realized gains and losses on those transactions: Year Ended December 31, (In Thousands) 2020 2019 2018 Gross realized gains: U.S. Government and agency securities $ — $ — $ — Mortgage-backed securities 83 — 27 State and political securities 978 544 19 Other debt securities 554 113 3 Total gross realized gains $ 1,615 $ 657 $ 49 Gross realized losses: U.S. Government and agency securities $ — $ — $ — Mortgage-backed securities — 1 — State and political securities 23 11 86 Other debt securities — 5 10 Total gross realized losses $ 23 $ 17 $ 96 Gross realized gains: Financial institution equity securities $ — $ 52 $ — Other equity securities — — — Total gross realized gains $ — $ 52 $ — Gross realized losses: Financial institution equity securities $ — $ — $ — Other equity securities — — — Total gross realized losses $ — $ — $ — There were no impairment charges included in gross realized losses for the years ended December 31, 2020, 2019, and 2018. Investment securities with a carrying value of approximately $111,247,000 and $74,163,000 at December 31, 2020 and 2019, respectively, were pledged to secure certain deposits, repurchase agreements, and for other purposes as required by law. Equity securities consist of Community Reinvestment Act funds along with other smaller investments in other financial institutions. At December 31, 2020 and December 31, 2019, we had $1,288,000 and $1,261,000, respectively, in equity securities recorded at fair value. The following is a summary of unrealized and realized gains and losses recognized in net income on equity securities during the years ended December 31, 2020 and 2019: (In Thousands) 2020 2019 Net gain recognized in equity securities during the period $ 27 $ 89 Less: Net gains realized on the sale of equity securities during the period — 52 Unrealized gain recognized in equity securities held at reporting date $ 27 $ 37 Net gains and losses on trading account securities are as follows for the for the years ended December 31, 2020, 2019, and 2018. (In Thousands) 2020 2019 2018 Net gain (losses) on sales transaction $ — $ 5 $ (6) Net mark-to-market (losses) gains (11) 14 9 Net (loss) gain on trading account securities $ (11) $ 19 $ 3

FEDERAL HOME LOAN BANK STOCK

FEDERAL HOME LOAN BANK STOCK	12 Months Ended
	Dec. 31, 2020
Federal Home Loan Banks [Abstract]
FEDERAL HOME LOAN BANK STOCK	FEDERAL HOME LOAN BANK STOCK The Banks are members of the Federal Home Loan Bank (“FHLB”) of Pittsburgh and as such, are required to maintain a minimum investment in stock of the FHLB that varies with the level of advances outstanding with the FHLB. The stock is bought from and sold to the FHLB based upon its $100 par value. The stock does not have a readily determinable fair value and as such is classified as restricted stock, carried at cost and evaluated for impairment as necessary. The stock’s value is determined by the ultimate recoverability of the par value rather than by recognizing temporary declines. The determination of whether the par value will ultimately be recovered is influenced by criteria such as the following: (a) the significance of the decline in net assets of the FHLB as compared to the capital stock amount and the length of time this situation has persisted (b) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance (c) the impact of legislative and regulatory changes on the customer base of the FHLB and (d) the liquidity position of the FHLB. Management evaluated the stock and concluded that the stock was not impaired for the periods presented herein. Management considered that the FHLB maintains regulatory capital ratios in excess of all regulatory capital requirements, liquidity appears adequate, new shares of FHLB stock continue to change hands at the $100 par value, and the payment of dividends.

LOAN CREDIT QUALITY AND RELATED

LOAN CREDIT QUALITY AND RELATED ALLOWANCE FOR LOAN LOSSES	12 Months Ended
	Dec. 31, 2020
Loans and Leases Receivable Disclosure [Abstract]
LOAN CREDIT QUALITY AND RELATED ALLOWANCE FOR LOAN LOSSES	LOAN CREDIT QUALITY AND RELATED ALLOWANCE FOR LOAN LOSSES Management segments the Banks' loan portfolio to a level that enables risk and performance monitoring according to similar risk characteristics. Loans are segmented based on the underlying collateral characteristics. Categories include commercial, financial, and agricultural, real estate, consumer automobile, and other consumer installment loans. Real estate loans are further segmented into three categories: residential, commercial, and construction. The following table presents the related aging categories of loans, by segment, as of December 31, 2020 and 2019: 2020 (In Thousands) Current Past Due Past Due 90 Non-Accrual Total Commercial, financial, and agricultural $ 163,583 $ 247 $ 48 $ 865 $ 164,743 Real estate mortgage: Residential 580,292 6,386 983 2,060 589,721 Commercial 366,363 533 150 6,142 373,188 Construction 38,587 667 — 55 39,309 Consumer automobile loans 155,472 900 31 — 156,403 Other consumer installment loans 19,485 455 — — 19,940 1,323,782 $ 9,188 $ 1,212 $ 9,122 1,343,304 Net deferred loan fees and discounts 1,023 1,023 Allowance for loan losses (13,803) (13,803) Loans, net $ 1,311,002 $ 1,330,524 2019 (In Thousands) Current Past Due Past Due 90 Non-Accrual Total Commercial, financial, and agricultural $ 153,737 $ 249 $ 30 $ 2,197 $ 156,213 Real estate mortgage: Residential 615,580 4,881 1,529 1,266 623,256 Commercial 355,597 775 164 6,725 363,261 Construction 37,871 131 — 65 38,067 Consumer automobile loans 149,703 709 — 105 150,517 Other consumer installment loans 22,124 579 324 16 23,043 1,334,612 $ 7,324 $ 2,047 $ 10,374 1,354,357 Net deferred loan fees and discounts 1,187 1,187 Allowance for loan losses (11,894) (11,894) Loans, net $ 1,323,905 $ 1,343,650 The following table presents the interest income if interest had been recorded based on the original loan agreement terms and rate of interest for non-accrual loans and interest income recognized on a cash basis for non-accrual loans as of December 31, 2020, 2019, and 2018: Year Ended December 31, 2020 2019 2018 (In Thousands) Interest Income That Would Have Been Recorded Based on Interest Interest Income That Interest Interest Income That Interest Commercial, financial, and agricultural $ 29 $ — $ 166 $ 2 $ 289 $ 235 Real estate mortgage: Residential 21 28 158 33 123 88 Commercial 60 — 333 8 405 212 Construction 1 — 4 — 5 4 Consumer automobile loans — — 16 10 7 5 Other consumer installment loans — — 2 1 1 1 $ 111 $ 28 $ 679 $ 54 $ 830 $ 545 Impaired Loans Impaired loans are loans for which it is probable the Banks will not be able to collect all amounts due according to the contractual terms of the loan agreement. The Banks individually evaluate such loans for impairment and do not aggregate loans by major risk classifications. The definition of “impaired loans” is not the same as the definition of “non-accrual loans,” although the two categories overlap. The Banks may choose to place a loan on non-accrual status due to payment delinquency or uncertain collectability, while not classifying the loan as impaired. Factors considered by management in determining impairment include payment status and collateral value. The amount of impairment for these types of loans is determined by the difference between the present value of the expected cash flows related to the loan, using the original interest rate, and its recorded value, or as a practical expedient in the case of collateralized loans, the difference between the fair value of the collateral and the recorded amount of the loan. When foreclosure is probable, impairment is measured based on the fair value of the collateral. Management evaluates individual loans in all of the commercial segments for possible impairment if the loan is greater than $100,000 and if the loan is either on non-accrual status or has a risk rating of substandard or worse. Management may also elect to measure an individual loan for impairment if less than $100,000 on a case by case basis. Mortgage loans on one-to-four family properties and all consumer loans are large groups of smaller-balance homogeneous loans and are measured for impairment collectively with the exception of loans identified as troubled debt restructurings. Loans that experience insignificant payment delays, which are defined as 90 days or less, generally are not classified as impaired. Management determines the significance of payment delays on a case-by-case basis taking into consideration all circumstances surrounding the loan and the borrower including the length of the delay, the borrower’s prior payment record, and the amount of shortfall in relation to the principal and interest owed. Interest income for impaired loans is recorded consistent to the Banks' policy. The following table presents the recorded investment, unpaid principal balance, and related allowance of impaired loans by segment as of December 31, 2020 and 2019: 2020 (In Thousands) Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial, financial, and agricultural $ 865 $ 3,652 $ — Real estate mortgage: Residential 5,023 5,023 — Commercial 6,354 6,354 — Construction 124 124 — Consumer automobile loans — — — Other consumer installment loans — — — 12,366 15,153 — With an allowance recorded: Commercial, financial, and agricultural — — — Real estate mortgage: Residential 1,294 1,294 224 Commercial 3,023 3,023 811 Construction — — — Consumer automobile loans — — — Other consumer installment loans — — — 4,317 4,317 1,035 Total: Commercial, financial, and agricultural 865 3,652 — Real estate mortgage: Residential 6,317 6,317 224 Commercial 9,377 9,377 811 Construction 124 124 — Consumer automobile loans — — — Other consumer installment loans — — — $ 16,683 $ 19,470 $ 1,035 2019 (In Thousands) Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial, financial, and agricultural $ 2,285 $ 5,072 $ — Real estate mortgage: Residential 5,008 5,008 — Commercial 5,035 5,035 — Construction 65 65 — Consumer automobile loans — — — Other consumer installment loans — — — 12,393 15,180 — With an allowance recorded: Commercial, financial, and agricultural — — — Real estate mortgage: Residential 1,168 1,200 211 Commercial 3,540 3,590 1,104 Construction — — — Consumer automobile loans 130 130 62 Other consumer installment loans 16 16 16 4,854 4,936 1,393 Total: Commercial, financial, and agricultural 2,285 5,072 — Real estate mortgage: Residential 6,176 6,208 211 Commercial 8,575 8,625 1,104 Construction 65 65 — Consumer automobile loans 130 130 62 Other consumer installment loans 16 16 16 $ 17,247 $ 20,116 $ 1,393 The following table presents the average recorded investment in impaired loans and related interest income recognized for December 31, 2020, 2019, and 2018: 2020 (In Thousands) Average Interest Income Interest Income Commercial, financial, and agricultural $ 1,653 $ 34 $ — Real estate mortgage: Residential 5,692 234 15 Commercial 7,937 158 — Construction 72 1 4 Consumer automobile loans 89 — — Other consumer installment loans 3 1 — $ 15,446 $ 428 $ 19 2019 (In Thousands) Average Interest Income Interest Income Commercial, financial, and agricultural $ 4,673 $ 5 $ — Real estate mortgage: Residential 4,902 141 28 Commercial 9,757 117 3 Construction 71 — — Consumer automobile loans 62 — 4 Other consumer installment loans 12 — — $ 19,477 $ 263 $ 35 2018 (In Thousands) Average Interest Income Interest Income Commercial, financial, and agricultural $ 2,018 $ 71 $ 168 Real estate mortgage: Residential 3,962 134 87 Commercial 9,524 235 194 Construction 15 — 4 Consumer automobile loans 14 — 1 Other consumer installment loans 1 — 1 $ 15,534 $ 440 $ 455 At December 31, 2020, additional funds totaling $5,000 are committed to be advanced in connection with impaired loans. Modifications The loan portfolio also includes certain loans that have been modified in a Troubled Debt Restructuring ("TDR"), where economic concessions have been granted to borrowers who have experienced or are expected to experience financial difficulties. These concessions typically result from loss mitigation activities and could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance, or other actions. Certain TDRs are classified as nonperforming at the time of restructure and may only be returned to performing status after considering the borrower’s sustained repayment performance for a reasonable period, generally six months. Loan modifications that are considered TDRs completed during the twelve months ended December 31, 2020 and 2019 were as follows: Year Ended December 31, 2020 2019 (In Thousands, Except Number of Contracts) Number Pre-Modification Post-Modification Number Pre-Modification Post-Modification Commercial, financial, and agricultural 2 $ 1,028 $ 1,028 2 $ 1,221 $ 1,221 Real estate mortgage: Residential — — — 1 2,166 2,166 Commercial 3 1,263 1,263 2 2,842 2,842 Construction — — — — — — Other consumer installment loans — — — — — — Total 5 $ 2,291 $ 2,291 5 $ 6,229 $ 6,229 Of the five new troubled debt restructurings that were granted for the year ended December 31, 2020, four loans totaling $1,231,000 were granted payment concessions and one loan totaling $1,060,000 was granted a rate concession. Of the five new troubled debt restructurings that were granted for the year ended December 31, 2019, four loans totaling $4,062,000 were granted rate concessions and one loan totaling $2,167,000 was granted a payment concession. No loan modifications considered troubled debt restructurings made during the twelve months previous to December 31, 2020 defaulted. Loan modifications considered troubled debt restructurings made during the twelve months previous to December 31, 2019, that have defaulted during the corresponding twelve month period were as follows: Year Ended December 31, 2019 (In Thousands, Except Number of Contracts) Number of Contracts Recorded Investment Commercial, financial, and agricultural 2 $ 1,218 Real estate mortgage: Residential — — Commercial 1 1,082 Total 3 $ 2,300 Internal Risk Ratings Management uses a ten point internal risk rating system to monitor the credit quality of the overall loan portfolio. The first six categories are considered not criticized, and are aggregated as “Pass” rated. The criticized rating categories utilized by management generally follow bank regulatory definitions. The Special Mention category includes assets that are currently protected but are potentially weak, resulting in an undue and unwarranted credit risk, but not to the point of justifying a Substandard classification. Loans in the Substandard category have well-defined weaknesses that jeopardize the liquidation of the debt, and have a distinct possibility that some loss will be sustained if the weaknesses are not corrected. All loans greater than 90 days past due are evaluated for Substandard classification. Loans in the Doubtful category exhibit the same weaknesses found in the Substandard loans, however, the weaknesses are more pronounced. Such loans are static and collection in full is improbable. However, these loans are not yet rated as loss because certain events may occur which would salvage the debt. Loans classified Loss are considered uncollectible and charge-off is imminent. To help ensure that risk ratings are accurate and reflect the present and future capacity of borrowers to repay a loan as agreed, the Banks have a structured loan rating process with several layers of internal and external oversight. Generally, consumer and residential mortgage loans are included in the pass category unless a specific action, such as bankruptcy, repossession, or death occurs to raise awareness of a possible credit event. An external semi-annual loan review of large commercial relationships is performed, as well as a sample of smaller transactions. The 2020 loan review has an aggregate commercial relationship threshold of $1,750,000 which can consist of outstanding loans, commercial real estate mortgages and outstanding commitments. Detailed reviews, including plans for resolution, are performed on loans classified as substandard, doubtful, or loss on a quarterly basis. The following table presents the credit quality categories identified above as of December 31, 2020 and 2019: 2020 Commercial, Finance, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Totals Pass $ 162,694 $ 584,599 $ 355,616 $ 39,192 $ 156,403 $ 19,938 $ 1,318,442 Special Mention 180 556 7,973 — — — 8,709 Substandard 1,869 4,566 9,599 117 — 2 16,153 Total $ 164,743 $ 589,721 $ 373,188 $ 39,309 $ 156,403 $ 19,940 $ 1,343,304 2019 Commercial, Finance, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Totals Pass $ 149,349 $ 618,350 $ 348,864 $ 37,931 $ 150,517 $ 23,039 $ 1,328,050 Special Mention 3,174 2,436 5,080 — — — 10,690 Substandard 3,690 2,470 9,317 136 — 4 15,617 Total $ 156,213 $ 623,256 $ 363,261 $ 38,067 $ 150,517 $ 23,043 $ 1,354,357 Allowance for Loan Losses An allowance for loan losses (“ALL”) is maintained to absorb losses from the loan portfolio. The ALL is based on management’s continuing evaluation of the risk characteristics and credit quality of the loan portfolio, assessment of current economic conditions, diversification and size of the portfolio, adequacy of collateral, past and anticipated future loss experience, and the amount of non-performing loans. The Banks' methodology for determining the ALL is based on the requirements of ASC Section 310-10-35 for loans individually evaluated for impairment (previously discussed) and ASC Subtopic 450-20 for loans collectively evaluated for impairment, as well as the Interagency Policy Statements on the Allowance for Loan and Lease Losses and other bank regulatory guidance. The total of the two components represents the Banks' ALL. Loans that are collectively evaluated for impairment are analyzed with general allowances being made as appropriate. Allowances are segmented based on collateral characteristics previously disclosed, and consistent with credit quality monitoring. Loans that are collectively evaluated for impairment are grouped into two classes for evaluation. A general allowance is determined for “Pass” rated credits, while a separate pool allowance is provided for “Criticized” rated credits that are not individually evaluated for impairment. For the general allowances historical loss trends are used in the estimation of losses in the current portfolio. These historical loss amounts are modified by other qualitative factors. A historical charge-off factor is calculated utilizing a twelve quarter moving average. However, management may adjust the moving average time frame by up to four quarters to adjust for variances in the economic cycle. Management has identified a number of additional qualitative factors which it uses to supplement the historical charge-off factor because these factors are likely to cause estimated credit losses associated with the existing loan pools to differ from historical loss experience. The additional factors that are evaluated quarterly and updated using information obtained from internal, regulatory, and governmental sources are: levels of and trends in delinquency rates and non-accrual loans; trends in volumes and terms of loans; effects of changes in lending policies; experience, ability, and depth of lending staff; national and economic trends and conditions; concentrations of credit from a loan type, industry, and/or geographic standpoint; value of underlying collateral on collateral depended loans; effect of other external factors; and the quality of the loan review system. During 2020, certain qualitative factors were increased to account for the economic changes, continued economic uncertainty, and level of loan payment deferrals caused by the COVID-19 pandemic. Loans in the criticized pools, which possess certain qualities or characteristics that may lead to collection and loss issues, are closely monitored by management and subject to additional qualitative factors. Management also monitors industry loss factors by loan segment for applicable adjustments to actual loss experience. Management reviews the loan portfolio on a quarterly basis in order to make appropriate and timely adjustments to the ALL. When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off against the ALL. Over the last three years, various quantitative and qualitative factors indicate changes in our provision for loan losses. The provision for commercial and agricultural loans decreased during 2020 due to levels and trends of nonaccrual loans in our portfolio and a decline in charge-offs. The change in the provision for residential real estate loans vary based on our observations of industry trends during 2020 in national and market area foreclosure rates and the impact of the COVID-19 pandemic. The provision for this loan type is adjusted by national indices as well as our historical losses. The provision for commercial and construction real estate loans increased as the economic environment has softened as the impact of the COVID-19 pandemic is felt within the markets we serve. The provision for consumer automobiles decreased slightly due to the leveling off of indirect loan volume. The provision for other consumer installment loans has decreased as the level of charge-offs has declined. The COVID-19 pandemic has resulted in various businesses operating at less than 100% capacity, an increase in the unemployment rate, and an increase in the number of loans that have been granted payment deferrals. In response to the uncertainty in both the business and consumer sectors caused by the COVID-19 pandemic and as well as the level of precision in estimating the effects of a pandemic, a higher than normal unallocated reserve is considered necessary. Activity in the allowance is presented for the twelve months ended December 31, 2020, 2019, and 2018: 2020 Commercial, Finance, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Unallocated Totals Beginning Balance $ 1,779 $ 4,306 $ 3,210 $ 118 $ 1,780 $ 278 $ 423 $ 11,894 Charge-offs (64) (254) (64) — (396) (193) — (971) Recoveries 36 49 — 11 75 84 — 255 Provision 185 359 489 5 447 92 1,048 2,625 Ending Balance $ 1,936 $ 4,460 $ 3,635 $ 134 $ 1,906 $ 261 $ 1,471 $ 13,803 2019 Commercial, Finance, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Unallocated Totals Beginning Balance $ 1,680 $ 5,616 $ 4,047 $ 143 $ 1,328 $ 259 $ 764 $ 13,837 Charge-offs (2,903) (347) (150) — (329) (1,228) — (4,957) Recoveries 90 6 1 10 79 93 — 279 Provision 2,912 (969) (688) (35) 702 1,154 (341) 2,735 Ending Balance $ 1,779 $ 4,306 $ 3,210 $ 118 $ 1,780 $ 278 $ 423 $ 11,894 2018 Commercial, Finance, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Unallocated Totals Beginning Balance $ 1,177 $ 5,679 $ 4,277 $ 155 $ 804 $ 271 $ 495 $ 12,858 Charge-offs (82) (276) (56) — (246) (303) — (963) Recoveries 36 74 — 7 16 74 — 207 Provision 549 139 (174) (19) 754 217 269 1,735 Ending Balance $ 1,680 $ 5,616 $ 4,047 $ 143 $ 1,328 $ 259 $ 764 $ 13,837 The Corporation grants commercial, industrial, residential, and installment loans to customers throughout north-central and north-eastern Pennsylvania. Although the Corporation has a diversified loan portfolio at December 31, 2020 and 2019, a substantial portion of its debtors’ ability to honor their contracts is dependent on the economic conditions within this region. The amount of foreclosed residential real estate held at December 31, 2020 and December 31, 2019, totaled $614,000 and $493,000, respectively. Consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process at December 31, 2020 and December 31, 2019, totaled $51,000 and $32,000, respectively. The Corporation has a concentration of loans at December 31, 2020 and 2019 as follows: 2020 2019 Owners of residential rental properties 16.57 % 15.87 % Owners of commercial rental properties 13.57 % 12.39 % Modifications to date have included 1,336 loans with principal balances of $173,200,000; however, as of December 31, 2020, only 37 loans totaling $7,089,000 remained in deferment. The Company has processed over 226 loan applications with a value of $14,211,000 in loans under the Payroll Protection Program of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). These loans are guaranteed by the Small Business Administration (SBA), carry an interest rate of 1 percent, and are for a term of two years if not forgiven under the SBA rules. The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2020 and 2019: 2020 Commercial, Finance, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment Unallocated Totals (In Thousands) Residential Commercial Construction Allowance for Loan Losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ 224 $ 811 $ — $ — $ — $ — $ 1,035 Collectively evaluated for impairment 1,936 4,236 2,824 134 1,906 261 1,471 12,768 Total ending allowance balance $ 1,936 $ 4,460 $ 3,635 $ 134 $ 1,906 $ 261 $ 1,471 $ 13,803 Loans: Individually evaluated for impairment $ 865 $ 6,317 $ 9,377 $ 124 $ — $ — $ 16,683 Collectively evaluated for impairment 163,878 583,404 363,811 39,185 156,403 19,940 1,326,621 Total ending loans balance $ 164,743 $ 589,721 $ 373,188 $ 39,309 $ 156,403 $ 19,940 $ 1,343,304 2019 Commercial, Finance, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment Unallocated Totals (In Thousands) Residential Commercial Construction Allowance for Loan Losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ 211 $ 1,104 $ — $ 62 $ 16 $ — $ 1,393 Collectively evaluated for impairment 1,779 4,095 2,106 118 1,718 262 423 10,501 Total ending allowance balance $ 1,779 $ 4,306 $ 3,210 $ 118 $ 1,780 $ 278 $ 423 $ 11,894 Loans: Individually evaluated for impairment $ 2,285 $ 6,176 $ 8,575 $ 65 $ 130 $ 16 $ 17,247 Collectively evaluated for impairment 153,928 617,080 354,686 38,002 150,387 23,027 1,337,110 Total ending loans balance $ 156,213 $ 623,256 $ 363,261 $ 38,067 $ 150,517 $ 23,043 $ 1,354,357

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	PREMISES AND EQUIPMENT Major classifications of premises and equipment are summarized as follows at December 31, 2020 and 2019: (In Thousands) 2020 2019 Land $ 6,747 $ 6,772 Premises 22,334 21,566 Furniture and equipment 12,443 12,043 Leasehold improvements 3,698 3,077 Finance lease right-of-use assets 5,257 5,456 Total 50,479 48,914 Less accumulated depreciation and amortization 17,777 15,985 Net premises and equipment $ 32,702 $ 32,929 Depreciation and amortization related to premises and equipment for the years ended 2020, 2019, and 2018 was $2,098,000, $2,053,000, and $1,789,000, respectively.

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLES	GOODWILL AND OTHER INTANGIBLES As of December 31, 2020 and 2019, goodwill had a gross carrying value of $17,380,000 and accumulated amortization of $276,000 resulting in a net carrying amount of $17,104,000. The gross carrying amount of goodwill is tested for impairment annually. Based on the fair value of the reporting unit, estimated using the expected present value of future cash flows, there was no evidence of impairment of the carrying amount at December 31, 2020 or 2019. Identifiable intangibles are amortized to their estimated residual values over the expected useful lives. Such lives are also periodically reassessed to determine if any amortization period adjustments are required. Since the acquisition, no such adjustments were recorded. The identifiable intangible assets consist of a core deposit intangible and a trade name intangible which are being amortized on an accelerated basis, and also book of business intangible that is being amortized on a straight-line basis over the useful life of such assets. The net carrying amount of the core deposit intangible, the trade name intangible, and the book of business intangible at December 31, 2020 was $145,000, $11,000, and $515,000 respectively, with $1,736,000, $122,000, and $505,000 accumulated amortization as of that date. As of December 31, 2020, the estimated future amortization expense for the core deposit and trade name intangible was: (In Thousands) Core Deposit Intangible Trade Name Intangible Book of Business Intangible Total 2021 $ 83 $ 6 $ 102 $ 191 2022 48 4 102 154 2023 14 1 102 117 2024 — — 102 102 2025 — — 102 102 2026 — — 5 5 $ 145 $ 11 $ 515 $ 671

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2020
Banking and Thrift [Abstract]
DEPOSITS	DEPOSITS Time deposits of $250,000 or more totaled approximately $40,241,000 on December 31, 2020 and $70,962,000 on December 31, 2019. Interest expense on time deposits of $100,000 or more was approximately $4,138,000, $4,159,000, and $2,238,000, for the years ended December 31, 2020, 2019, and 2018, respectively. At December 31, 2020, the scheduled maturities on time deposits of $100,000 or more are as follows: (In Thousands) 2020 Three months or less $ 16,189 Three months to six months 16,540 Six months to twelve months 48,101 Over twelve months 67,458 Total $ 148,288 Total time deposit maturities are as follows at December 31, 2020: (In Thousands) 2020 2021 $ 147,976 2022 82,279 2023 20,608 2024 9,771 2025 1,708 Thereafter 1,303 Total $ 263,645 Total deposits at for the years ended December 31, 2020 and 2019 are as follows: 2020 2019 (In Thousands) Amount Noninterest-bearing $ 449,357 $ 334,746 Savings 209,924 176,732 Super Now 287,775 218,605 Money Market 283,742 216,038 Time 263,645 377,884 Total deposits $ 1,494,443 $ 1,324,005

SHORT-TERM BORROWINGS

SHORT-TERM BORROWINGS	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
SHORT-TERM BORROWINGS	SHORT-TERM BORROWINGS Short-term borrowings consist of securities sold under agreements to repurchase and primarily FHLB advances, which generally represent overnight or less than six month borrowings. In addition to the outstanding balances noted below, the Banks also have additional lines of credit totaling $100,000,000 available from correspondent banks other than the FHLB. The outstanding balances and related information for short-term borrowings are summarized as follows at December 31, 2020, 2019, and 2018: (In Thousands) 2020 2019 2018 Repurchase Agreements: Balance at year end $ 5,244 $ 4,920 $ 5,662 Maximum amount outstanding at any month end 18,468 10,097 8,431 Average balance outstanding during the year 10,669 5,971 7,043 Weighted-average interest rate: At year end 0.14 % 0.22 % 0.20 % Paid during the year 0.20 % 0.18 % 0.13 % Overnight: Balance at year end $ — $ — $ 162,203 Maximum amount outstanding at any month end 13,778 120,540 162,203 Average balance outstanding during the year 1,991 28,926 78,043 Weighted-average interest rate: At year end — % — % 2.62 % Paid during the year 1.09 % 2.70 % 2.24 % We utilize securities sold under agreements to repurchase to facilitate the needs of our customers and to facilitate secured short-term funding needs. Securities sold under agreements to repurchase are stated at the amount of cash received in connection with the transaction. We monitor collateral levels on a continuous basis. We may be required to provide additional collateral based on the fair value of the underlying securities. Securities pledged as collateral under repurchase agreements are maintained with our safekeeping agents.The remaining contractual maturity of repurchase agreements in the consolidated balance sheets as of December 31, 2020 and December 31, 2019 is presented in the following tables. 2020 2019 Remaining Contractual Maturity of the Agreements (In Thousands) Overnight and Continuous Overnight and Continuous Repurchase Agreements: Mortgage-backed securities $ — $ — State and political securities 10,672 4,984 Other debt securities 1,000 1,768 Total carrying value of collateral pledged $ 11,672 $ 6,752 Total liability recognized for repurchase agreements $ 5,244 $ 4,920

LONG-TERM BORROWINGS

LONG-TERM BORROWINGS	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
LONG-TERM BORROWINGS	LONG-TERM BORROWINGS The following represents outstanding long-term borrowings with the FHLB by contractual maturities at December 31, 2020 and 2019: (In Thousands) Weighted Average Interest Rate Stated Interest Rate Range Description Maturity 2020 2019 From To 2020 2019 Fixed 2020 — % 1.91 % 1.62 % 2.29 % $ — $ 43,333 Fixed 2021 2.73 % 2.73 % 2.46 % 3.00 % 30,000 30,000 Fixed 2022 2.24 % 2.24 % 1.98 % 2.56 % 23,000 23,000 Fixed 2023 2.60 % 2.60 % 1.84 % 3.10 % 25,000 25,000 Fixed 2024 2.24 % 2.35 % 1.50 % 2.96 % 40,000 35,000 Fixed 2025 1.62 % — % 1.14 % 1.88 % 30,000 — Total Fixed 2.27 % 2.32 % 148,000 156,333 Total 2.27 % 2.32 % $ 148,000 $ 156,333 (In Thousands) Amount Weighted Average Rate 2021 $ 30,000 2.73 % 2022 23,000 2.24 % 2023 25,000 2.60 % 2024 40,000 2.24 % Thereafter 30,000 1.62 % $ 148,000 2.27 % The Banks maintain a credit arrangement which includes a revolving line of credit with the FHLB. Under this credit arrangement, at December 31, 2020, JSSB has a remaining borrowing capacity of $236,685,000 and Luzerne has a remaining capacity of $178,077,000, which are subject to annual renewal and typically incur no service charges. Under terms of a blanket agreement, collateral for the FHLB borrowings must be secured by certain qualifying assets of each Bank which consist principally of first mortgage loans and state and political securities, along with other securities. Total outstanding letters of credit at December 31, 2020 with the FHLB for JSSB are $13,000,000 while Luzerne has $582,000 outstanding.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The following temporary differences gave rise to the net deferred tax asset position at December 31, 2020 and 2019: (In Thousands) 2020 2019 Deferred tax assets: Allowance for loan losses $ 2,910 $ 2,503 Deferred compensation 1,554 1,451 Lease liability 1,844 2,100 Defined pension 74 327 Investment securities allowance 54 18 Other 566 1,014 Total 7,002 7,413 Deferred tax liabilities: Lease right of use asset 1,790 2,069 Unrealized gain on available for sale securities 1,253 653 Investment security accretion 119 117 Deferred loan fees and discounts 215 256 Depreciation 511 385 Amortization 588 595 Total 4,476 4,075 Deferred tax asset, net $ 2,526 $ 3,338 No valuation allowance was established at December 31, 2020 and 2019, because of the Corporation’s ability to carry back capital losses to recover taxes paid in previous years and certain tax strategies, together with the anticipated future taxable income as evidenced by the Corporation’s earning potential. The Corporation is no longer subject to federal, state, and local examinations by tax authorities for years before 2017. The provision or benefit for income taxes is comprised of the following for the year ended December 31, 2020, 2019, and 2018: (In Thousands) 2020 2019 2018 Currently payable $ 3,165 $ 2,324 $ 3,143 Deferred expense (benefit) 309 814 (324) Total provision $ 3,474 $ 3,138 $ 2,819 A reconciliation between the expected income tax or benefit and the effective income tax rate on income before income tax provision or benefit follows for the year ended December 31, 2020, 2019, and 2018: 2020 2019 2018 (In Thousands) Amount % Amount % Amount % Provision at expected rate $ 3,927 21.00 % $ 3,953 21.00 % $ 3,681 21.00 % (Decrease) increase in tax resulting from: Tax-exempt income (475) (2.54) (547) (2.91) (633) (3.61) Tax credits — — (184) (0.98) (177) (1.01) Other, net 22 0.12 (84) (0.44) (52) (0.30) Effective income tax provision and rate $ 3,474 18.58 % $ 3,138 16.67 % $ 2,819 16.08 %

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2020
Defined Benefit Plan [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS Defined Benefit Pension Plan The Corporation has a noncontributory defined benefit pension plan (the “Plan”) for all employees meeting certain age and length of service requirements that were hired prior to January 1, 2004, at which time entrance into the Plan was frozen. The benefit accrual for the Plan was subsequently frozen at December 31, 2014. Benefits are based primarily on years of service and the average annual compensation during the highest five The following table sets forth the obligation and funded status as of December 31, 2020 and 2019: (In Thousands) 2020 2019 Change in benefit obligation: Benefit obligation at beginning of year $ 21,456 $ 19,022 Interest cost 641 763 Actuarial loss 160 92 Benefits paid (887) (840) Change in actuarial assumptions 2,183 2,419 Benefit obligation at end of year $ 23,553 $ 21,456 Change in plan assets: Fair value of plan assets at beginning of year $ 19,901 $ 16,366 Actual return on plan assets 2,967 3,369 Employer contribution 1,500 1,000 Benefits paid (887) (841) Adjustment to fair value of plan assets 3 7 Fair value of plan assets at end of year 23,484 19,901 Funded status $ (69) $ (1,555) Accounts recognized on balance sheet as: Total liabilities $ (69) $ (1,555) Amounts not yet recognized as a component of net periodic pension cost: Amounts recognized in accumulated other comprehensive income (loss) consist of: Net loss $ 7,084 $ 6,622 The accumulated benefit obligation for the Plan was $23,553,000 and $21,456,000 at December 31, 2020 and 2019, respectively. Components of Net Periodic Cost and Other Amounts Recognized in Other Comprehensive Income (Loss) as of December 31, 2020, 2019, and 2018 are as follows: (In Thousands) 2020 2019 2018 Net periodic pension cost: Service cost $ — $ — $ — Interest cost 641 763 706 Expected return on plan assets (1,274) (995) (1,098) Amortization of unrecognized net loss 185 187 165 Net periodic (benefit) cost $ (448) $ (45) $ (227) Assumptions Weighted-average assumptions used to determine benefit obligations at December 31, 2020, 2019, and 2018: 2020 2019 2018 Discount rate 2.24 % 3.04 % 4.10 % Rate of compensation increase N/A N/A N/A Weighted-average assumptions used to determine net periodic cost for years ended December 31, 2020, 2019, and 2018: 2020 2019 2018 Discount rate 3.04 % 4.10 % 3.47 % Expected long-term return on plan assets 7.00 % 7.00 % 7.00 % The expected long-term rate of return was estimated using market benchmarks by which the plan assets would outperform the market value in the future, based on historical experience adjusted for changes in asset allocation and expectations for overall lower future returns on similar investments compared to past periods. Plan Assets The Plan’s weighted-average asset allocations at December 31, 2020 and 2019 by asset category are as follows: Asset Category 2020 2019 Cash 3.62 % 5.32 % Fixed income securities 12.99 % 11.25 % Equity 69.06 % 67.14 % Inflation Hedges/Real Assets 5.16 % 5.75 % Hedged Strategies 9.17 % 10.54 % Total 100.00 % 100.00 % The investment objective for the Plan is to maximize total return with tolerance for slightly above average risk, meaning the fund is able to tolerate short-term volatility to achieve above-average returns over the long term. Asset allocation favors equities, with target allocation of approximately 62% equity securities, 15.0% fixed income securities, 10% inflation hedges/real assets, 10% hedged strategies, and 3% cash. Due to volatility in the market, the target allocation is not always desirable and asset allocations will fluctuate between the acceptable ranges. The equity portfolio’s exposure is primarily in mid and large capitalization domestic equities with limited exposure to small capitalization and international stocks. It is management’s intent to give the investment managers flexibility, within the overall guidelines, with respect to investment decisions and their timing. However, certain investments require specific review and approval by management. Management is also informed of anticipated, significant modifications of any previously approved investment, or anticipated use of derivatives to execute investment strategies. The following table sets forth by level, within the fair value hierarchy detailed in Note 21 - Fair Value Measurements, the Plan’s assets at fair value as of December 31, 2020 and 2019: 2020 (In Thousands) Level I Level II Level III Total Assets: Cash and cash equivalents $ 850 $ — $ — $ 850 Mutual funds - taxable fixed income 3,051 — — 3,051 Mutual funds - domestic equity 11,325 — — 11,325 Mutual funds - international equity 4,889 — — 4,889 Inflation Hedges/Real Assets 1,214 — — 1,214 Hedged Strategies 2,155 — — 2,155 Total assets at fair value $ 23,484 $ — $ — $ 23,484 2019 (In Thousands) Level I Level II Level III Total Assets: Cash and cash equivalents $ 1,058 $ — $ — $ 1,058 Mutual funds - taxable fixed income 2,240 — — 2,240 Mutual funds - domestic equity 10,797 — — 10,797 Mutual funds - international equity 2,565 — — 2,565 Inflation Hedges/Real Assets 1,145 — — 1,145 Hedged Strategies 2,096 — — 2,096 Total assets at fair value $ 19,901 $ — $ — $ 19,901 The following future benefit payments are expected to be paid: (In Thousands) 2021 $ 960 2022 978 2023 1,049 2024 1,051 2025 1,102 2026-2030 5,940 $ 11,080 The Corporation expects to contribute a minimum of $250,000 to its Pension Plan in 2021. 401(k) Savings Plan The Corporation also offers a 401(k) savings plan in which eligible participating employees may elect to contribute up to a maximum percentage allowable not to exceed the limits of Code Sections 401(k), 404, and 415. The Corporation may make matching contributions equal to a discretionary percentage that is determined by the Board of Directors. Participants are at all times fully vested in their contributions and vest over a period of five years regarding the employer contribution. Contribution expense was approximately $502,000, $490,000, and $428,000 for the years ended December 31, 2020, 2019, and 2018, respectively. Deferred Compensation Plan The Corporation has a deferred compensation plan whereby participating directors elect to forego directors’ fees paid in cash. Under this plan, the Corporation will make payments for a ten-year period beginning at the later of age 65 or ceasing to be a director in most cases or at death, if earlier, at which time payments would be made to their designated beneficiaries.

STOCK OPTIONS

STOCK OPTIONS	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
STOCK OPTIONS	STOCK OPTIONS In 2020, the Corporation adopted the 2020 Equity Incentive Plan which replaced the 2014 Equity Incentive Plan. The Equity Incentive Plans are designed to help the Corporation attract, retain, and motivate employees and non-employee directors. Incentive stock options, non-qualified stock options, and restricted stock may be granted as part of the plan. On January 5, 2018 a total of 37,500 options were issued with an additional 224,550 options issued on August 24, 2018. Of the 262,050 options issued during 2018, 94,050 have a vesting period of three years and the remaining 168,000 options vest in five years. On March 15, 2019, the Corporation issued 240,000 stock options with a strike price of $28.01. Of the options issued during 2019, 120,900 have a three year vesting period while the remaining 119,100 have a five year vesting period and all options expire ten years after issuance. On March 11, 2020 a total of 238,500 options were issued by the Corporation with a strike price of $25.34. Of the 238,500 options granted, 119,300 of the options have a three year vesting period with the remaining 119,200 options vesting in five years. A summary of stock option activity for the year ended December 31, 2020 is presented below: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at December 31, 2017 140,250 29.06 8.79 279,365 Granted 262,050 30.58 9.56 Exercised — — Forfeited (6,750) 28.51 Expired — — Outstanding at December 31, 2018 395,550 30.08 8.97 4,019,522 Granted 240,000 28.01 9.21 Exercised — — Forfeited (9,750) 29.64 Expired — — Outstanding at December 31, 2019 625,800 29.29 8.43 3,923,463 Granted 238,500 25.34 9.20 Exercised — — Forfeited (23,025) 29.44 Expired — — Outstanding at December 31, 2020 841,275 $ 28.17 7.93 $ 159,795 Options exercisable at December 31, 2020 94,500 $ 28.95 5.66 $ — On December 31, 2020, a total of 841,275 options were outstanding. Outstanding options at December 31, 2020 and the related vesting schedules are summarized below: Stock Options Granted Date Shares Forfeited Outstanding Strike Price Vesting Period Expiration March 11, 2020 119,300 — 119,300 $ 25.31 3 years 10 years March 11, 2020 119,200 — 119,200 25.31 5 years 10 years March 15, 2019 120,900 (5,700) 115,200 28.01 3 years 10 years March 15, 2019 119,100 (5,550) 113,550 28.01 5 years 10 years August 24, 2018 75,300 (5,250) 70,050 30.67 3 years 10 years August 24, 2018 149,250 (10,650) 138,600 30.67 5 years 10 years January 5, 2018 18,750 — 18,750 30.07 3 years 10 years January 5, 2018 18,750 — 18,750 30.07 5 years 10 years March 24, 2017 69,375 (9,000) 60,375 29.47 3 years 10 years March 24, 2017 35,625 (2,250) 33,375 29.47 5 years 10 years August 27, 2015 58,125 (24,000) 34,125 28.02 5 years 10 years The fair value of stock options is estimated using the Black-Scholes option pricing model. The following is a summary of the assumptions used in this model for the stock options granted during 2020, 2019, and 2018: 2020 2019 2018 Risk-free interest rate 1.32 % 2.49 % 2.68 % Expected volatility 28.29 % 23.61 % 24.78 % Expected dividend yield 5.77 % 4.16 % 4.38 % Expected life 7.00 years 7.00 years 7.15 years Weighted average grant date fair value per option $ 3.80 $ 4.05 $ 5.15 The estimated fair value of options, including the effect of estimated forfeitures, is recognized as expense on a straightline basis over the options’ vesting periods while ensuring that the cumulative amount of compensation cost recognized at least equals the value of the vested portion of the award at that date. The Corporation determines the fair value of options granted using the Black-Scholes option-pricing model. The risk-free interest rate is based on the United States Treasury bond with a similar term to the expected life of the options at the grant date. Expected volatility was estimated based on the adjusted historic volatility of the Corporation’s shares. The expected life was estimated to equal the contractual life of the options. The dividend yield rate was based upon recent historical dividends paid on shares. For the years ended December 31, 2020, 2019, and 2018 there was $854,000, $680,000, and $486,000 in total share-based compensation expense, respectively. The compensation expense is recorded as part of the non-interest expenses in the Consolidated Statement of Income. As of December 31, 2020, total unrecognized compensation costs related to non-vested options was $1,891,000 which is expected to be recognized over a period of 2.68 years. Exercisable stock awards at December 31, 2020 were 94,500 with a weighted average remaining exercisable contractual life of 5.66 years

EMPLOYEE STOCK PURCHASE PLAN

EMPLOYEE STOCK PURCHASE PLAN	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
EMPLOYEE STOCK PURCHASE PLAN	EMPLOYEE STOCK PURCHASE PLAN The Corporation maintains the Penns Woods Bancorp, Inc. Employee Stock Purchase Plan (“Plan”). The Plan is intended to encourage employee participation in the ownership and economic progress of the Corporation. The Plan allows for up to 1,500,000 shares to be purchased by employees. The purchase price of the shares is 95% of fair value with an employee eligible to purchase up to the lesser of 15% of base compensation or $12,000 in fair value annually. There were 3,972 and 3,414 shares issued under the plan for the years ended December 31, 2020 and 2019, respectively.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Certain directors and executive officers of the Corporation and the Banks, including their immediate families and companies in which they are principal owners (more than ten percent), are indebted to the Corporation. Such indebtedness was incurred in the ordinary course of business on the same terms and at those rates prevailing at the time for comparable transactions with others. A summary of loan activity with executive officers, directors, principal shareholders, and associates of such persons is listed below for the years ended December 31, 2020 and 2019: (In Thousands) Beginning Balance New Loans Repayments Ending Balance 2019 $ 17,791 $ 5,125 $ (8,542) $ 14,374 2020 14,374 12,956 (11,084) 16,246 Deposits from related parties held by the Banks amounted to $25,520,000 at December 31, 2020 and $18,121,000 at December 31, 2019.

OFF-BALANCE SHEET RISK

OFF-BALANCE SHEET RISK	12 Months Ended
	Dec. 31, 2020
Off Balance Sheet Risk
OFF-BALANCE SHEET RISK	OFF-BALANCE SHEET RISK The Corporation is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit, interest rate, or liquidity risk in excess of the amount recognized in the Consolidated Balance Sheet. The contract amounts of these instruments express the extent of involvement the Corporation has in particular classes of financial instruments. The Corporation’s exposure to credit loss from nonperformance by the other party to the financial instruments for commitments to extend credit and standby letters of credit is represented by the contractual amount of these instruments. The Corporation uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. The Corporation may require collateral or other security to support financial instruments with off-balance sheet credit risk. Financial instruments whose contract amounts represent credit risk are as follows at December 31, 2020 and 2019: (In Thousands) 2020 2019 Commitments to extend credit $ 198,512 $ 187,778 Standby letters of credit 10,120 9,638 Credit exposure from the sale of assets with recourse 9,182 6,826 Commitments to extend credit are legally binding agreements to lend to customers. Commitments generally have fixed expiration dates or other termination clauses and may require payment of fees. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future liquidity requirements. The Corporation evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Corporation, on an extension of credit is based on management’s credit assessment of the counterparty. Standby letters of credit represent conditional commitments issued by the Corporation to guarantee the performance of a customer to a third party. These instruments are issued primarily to support bid or performance related contracts. The coverage period for these instruments is typically a one year period with an annual renewal option subject to prior approval by management. Fees earned from the issuance of these letters are recognized upon expiration of the coverage period. For secured letters of credit, the collateral is typically Bank deposit instruments or customer business assets.

CAPITAL REQUIREMENTS

CAPITAL REQUIREMENTS	12 Months Ended
	Dec. 31, 2020
Banking and Thrift [Abstract]
CAPITAL REQUIREMENTS	CAPITAL REQUIREMENTS Federal regulations require the Corporation and the Banks to maintain minimum amounts of capital. Specifically, each is required to maintain certain minimum dollar amounts and ratios of Common Equity Tier 1, Total, and Tier 1 capital to risk-weighted assets and of Tier 1 capital to average total assets. In addition to the capital requirements, the Federal Deposit Insurance Corporation Improvement Act (“FDICIA”) established five capital categories ranging from “well capitalized” to “critically undercapitalized.” Should any institution fail to meet the requirements to be considered “adequately capitalized,” it would become subject to a series of increasingly restrictive regulatory actions. As of December 31, 2020 and 2019, the FDIC categorized the Banks as well capitalized under the regulatory framework for prompt corrective action. To be classified as a well capitalized financial institution, common equity tier I risk-based, tier I risked-based, total risk-based, and tier I leverage capital ratios must be at least 6.5%, 8%, 10%, and 5%, respectively. The Corporation’s and the Banks' actual capital ratios (using the definitions from the prompt corrective action rules) are presented in the following tables, which shows that the Corporation and both Banks met all regulatory capital requirements. Consolidated Corporation 2020 2019 (In Thousands) Amount Ratio Amount Ratio Common Equity Tier I Capital (to Risk-weighted Assets) Actual $ 147,887 11.267 % $ 140,372 10.674 % For Capital Adequacy Purposes 59,066 4.500 % 59,179 4.500 % Minimum To Maintain Capital Conservation Buffer 91,880 7.000 % 92,056 7.000 % To Be Well Capitalized 85,317 6.500 % 85,480 6.500 % Total Capital (to Risk-weighted Assets) Actual $ 159,490 12.151 % $ 149,748 11.387 % For Capital Adequacy Purposes 105,005 8.000 % 105,206 8.000 % Minimum To Maintain Capital Conservation Buffer 137,820 10.500 % 138,083 10.500 % To Be Well Capitalized 131,257 10.000 % 131,508 10.000 % Tier I Capital (to Risk-weighted Assets) Actual $ 147,887 11.267 % $ 140,372 10.674 % For Capital Adequacy Purposes 78,754 6.000 % 78,905 6.000 % Minimum To Maintain Capital Conservation Buffer 111,568 8.500 % 111,782 8.500 % To Be Well Capitalized 105,005 8.000 % 105,207 8.000 % Tier I Capital (to Average Assets) Actual $ 147,887 8.436 % $ 140,372 8.514 % For Capital Adequacy Purposes 70,122 4.000 % 65,949 4.000 % To Be Well Capitalized 87,652 5.000 % 82,436 5.000 % Jersey Shore State Bank 2020 2019 (In Thousands) Amount Ratio Amount Ratio Common Equity Tier I Capital (to Risk-weighted Assets) Actual $ 103,812 10.906 % $ 99,317 10.381 % For Capital Adequacy Purposes 42,835 4.500 % 43,052 4.500 % Minimum To Maintain Capital Conservation Buffer 66,632 7.000 % 66,970 7.000 % To Be Well Capitalized 61,872 6.500 % 62,187 6.500 % Total Capital (to Risk-weighted Assets) Actual $ 112,862 11.857 % $ 106,093 11.089 % For Capital Adequacy Purposes 76,149 8.000 % 76,539 8.000 % Minimum To Maintain Capital Conservation Buffer 99,945 10.500 % 100,458 10.500 % To Be Well Capitalized 95,186 10.000 % 95,674 10.000 % Tier I Capital (to Risk-weighted Assets) Actual $ 103,812 10.906 % $ 99,317 10.381 % For Capital Adequacy Purposes 57,113 6.000 % 57,403 6.000 % Minimum To Maintain Capital Conservation Buffer 80,910 8.500 % 81,321 8.500 % To Be Well Capitalized 76,150 8.000 % 76,538 8.000 % Tier I Capital (to Average Assets) Actual $ 103,812 8.062 % $ 99,317 8.191 % For Capital Adequacy Purposes 51,507 4.000 % 48,501 4.000 % To Be Well Capitalized 64,384 5.000 % 60,626 5.000 % Luzerne Bank 2020 2019 (In Thousands) Amount Ratio Amount Ratio Common Equity Tier I Capital (to Risk-weighted Assets) Actual $ 40,206 11.156 % $ 38,340 10.577 % For Capital Adequacy Purposes 16,218 4.500 % 16,312 4.500 % Minimum To Maintain Capital Conservation Buffer 25,228 7.000 % 25,374 7.000 % To Be Well Capitalized 23,426 6.500 % 23,562 6.500 % Total Capital (to Risk-weighted Assets) Actual $ 42,759 11.865 % $ 40,940 11.295 % For Capital Adequacy Purposes 28,830 8.000 % 28,997 8.000 % Minimum To Maintain Capital Conservation Buffer 37,840 10.500 % 38,058 10.500 % To Be Well Capitalized 36,038 10.000 % 36,246 10.000 % Tier I Capital (to Risk-weighted Assets) Actual $ 40,206 11.156 % $ 38,340 10.577 % For Capital Adequacy Purposes 21,624 6.000 % 21,749 6.000 % Minimum To Maintain Capital Conservation Buffer 30,634 8.500 % 30,811 8.500 % To Be Well Capitalized 28,832 8.000 % 28,999 8.000 % Tier I Capital (to Average Assets) Actual $ 40,206 7.860 % $ 38,340 8.653 % For Capital Adequacy Purposes 20,461 4.000 % 17,723 4.000 % To Be Well Capitalized 25,576 5.000 % 22,154 5.000 %

REGULATORY RESTRICTIONS

REGULATORY RESTRICTIONS	12 Months Ended
	Dec. 31, 2020
Disclosure of Restrictions on Dividends, Loans and Advances Disclosure [Abstract]
REGULATORY RESTRICTIONS	REGULATORY RESTRICTIONS The Pennsylvania Banking Code restricts the availability of capital funds for payment of dividends by all state-chartered banks. Accordingly, at December 31, 2020, the balance in the additional paid in capital account totaling $11,657,000 for JSSB and $42,214,000 for Luzerne is unavailable for dividends. The Banks are subject to regulatory restrictions, which limit the ability to loan funds to Penns Woods Bancorp, Inc. At December 31, 2020, the regulatory lending limit amounted to approximately $23,343,000. Cash and Due from Banks JSSB and Luzerne had no reserve requirements by the district Federal Reserve Bank at December 31, 2020 or 2019; however, if they did they would be reported with cash and due from banks. The required reserves are computed by applying prescribed ratios to the classes of average deposit balances. These are held in the form of cash on hand and a balance maintained directly with the Federal Reserve Bank.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The following disclosures show the hierarchical disclosure framework associated with the level of pricing observations utilized in measuring assets and liabilities at fair value. The three broad levels of pricing observations are as follows: Level I: Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level II: Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities includes items for which quoted prices are available but traded less frequently, and items that are fair valued using other financial instruments, the parameters of which can be directly observed. Level III: Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. This hierarchy requires the use of observable market data when available. The following table presents the assets reported on the balance sheet at their fair value on a recurring basis as of December 31, 2020 and 2019, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. 2020 (In Thousands) Level I Level II Level III Total Assets measured on a recurring basis: Investment securities, available for sale: Mortgage-backed securities $ — $ 2,141 $ — $ 2,141 State and political securities — 108,013 — 108,013 Other debt securities — 52,107 — 52,107 Investment equity securities: Other equity securities 1,288 — — 1,288 Investment securities, trading: Other equity securities 40 — — 40 2019 (In Thousands) Level I Level II Level III Total Assets measured on a recurring basis: Investment securities, available for sale: Mortgage-backed securities $ — $ 4,966 $ — $ 4,966 State and political securities — 82,286 — 82,286 Other debt securities — 61,367 — 61,367 Investment equity securities: Other equity securities 1,261 — — 1,261 Investment securities, trading: Other equity securities 51 — — 51 The following table presents the assets reported on the balance sheet at their fair value on a non-recurring basis as of December 31, 2020 and 2019, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. 2020 (In Thousands) Level I Level II Level III Total Assets measured on a non-recurring basis: Impaired loans $ — $ — $ 15,648 $ 15,648 Other real estate owned — — 401 401 2019 (In Thousands) Level I Level II Level III Total Assets measured on a non-recurring basis: Impaired loans $ — $ — $ 15,854 $ 15,854 Other real estate owned — — 413 413 The following table provides a listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques as of December 31, 2020 and 2019: 2020 Quantitative Information About Level III Fair Value Measurements (In Thousands) Fair Value Valuation Technique(s) Unobservable Inputs Range Weighted Average Impaired loans $ 8,624 Discounted cash flow Temporary reduction in payment amount 17% to (63)% (18)% Probability of default —% 7,024 Appraisal of collateral (1) Appraisal adjustments (1) 0 to (30)% (8)% Other real estate owned $ 401 Appraisal of collateral (1) Appraisal adjustments (1) (20)% (20)% 2019 Quantitative Information About Level III Fair Value Measurements (In Thousands) Fair Value Valuation Technique(s) Unobservable Inputs Range Weighted Average Impaired loans $ 6,950 Discounted cash flow Temporary reduction in payment amount 17% to (59)% (24)% Probability of default —% 8,904 Appraisal of collateral (1) Appraisal adjustments (1) 0 to (30)% (9)% Other real estate owned $ 413 Appraisal of collateral (1) Appraisal adjustments (1) (20)% (20)% (1) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The significant unobservable inputs used in the fair value measurement of the Corporation’s impaired loans using the discounted cash flow valuation technique include temporary changes in payment amounts and the probability of default. Significant increases (decreases) in payment amounts would result in significantly higher (lower) fair value measurements. The probability of default is 0% for impaired loans using the discounted cash flow valuation technique because all defaulted impaired loans are valued using the appraisal of collateral valuation technique. The significant unobservable input used in the fair value measurement of the Corporation’s impaired loans using the appraisal of collateral valuation technique include appraisal adjustments, which are adjustments to appraisals by management for qualitative factors such as economic conditions and estimated liquidation expenses. The significant unobservable input used in the fair value measurement of the Corporation’s other real estate owned are the same inputs used to value impaired loans using the appraisal of collateral valuation technique.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS The Corporation is required to disclose fair values for its financial instruments. Fair values are made at a specific point in time, based on relevant market information and information about the financial instrument. These fair values do not reflect any premium or discount that could result from offering for sale at one time the Corporation’s entire holdings of a particular financial instrument. Also, it is the Corporation’s general practice and intention to hold most of its financial instruments to maturity and not to engage in trading or sales activities. Because no market exists for a significant portion of the Corporation’s financial instruments, fair values are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These fair values are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions can significantly affect the fair values. Fair values have been determined by the Corporation using historical data and an estimation methodology suitable for each category of financial instruments. The Corporation’s fair values, methods, and assumptions are set forth below for the Corporation’s other financial instruments. As certain assets and liabilities, such as deferred tax assets, premises and equipment, and many other operational elements of the Corporation, are not considered financial instruments but have value, the fair value of financial instruments would not represent the full fair value of the Corporation. The fair values of the Corporation’s financial instruments not required to be measured or reported at fair value are as follows at December 31, 2020 and 2019: Fair Value Measurements at December 31, 2020 (In Thousands) Carrying Value Fair Value Quoted Prices in Active Markets for Identical Assets (Level I) Significant Other Observable Inputs (Level II) Significant Unobservable Inputs Financial assets: Cash and cash equivalents (1) $ 213,358 $ 213,358 $ 213,358 $ — $ — Restricted investment in bank stock (1) 15,377 15,377 15,377 — — Loans held for sale (1) 5,239 5,239 5,239 — — Loans, net 1,330,524 1,339,993 — — 1,339,993 Bank-owned life insurance (1) 33,638 33,638 33,638 — — Accrued interest receivable (1) 8,394 8,394 8,394 — — Financial liabilities: Interest-bearing deposits $ 1,045,086 $ 1,048,281 $ 781,441 $ — $ 266,840 Noninterest-bearing deposits (1) 449,357 449,357 449,357 — — Short-term borrowings (1) 5,244 5,244 5,244 — — Long-term borrowings 153,475 159,575 — — 159,575 Accrued interest payable (1) 1,112 1,112 1,112 — — 1) The financial instrument is carried at cost at December 31, 2020, which approximate the fair value of the instruments Fair Value Measurements at December 31, 2019 (In Thousands) Carrying Value Fair Value Quoted Prices in Active Markets for Identical Assets (Level I) Significant Other Observable Inputs (Level II) Significant Unobservable Inputs (Level III) Financial assets: Cash and cash equivalents (1) $ 48,589 $ 48,589 $ 48,589 $ — $ — Restricted investment in bank stock (1) 13,528 13,528 13,528 — — Loans held for sale (1) 4,232 4,232 4,232 — — Loans, net 1,343,650 1,346,395 — — 1,346,395 Bank-owned life insurance (1) 29,253 29,253 29,253 — — Accrued interest receivable (1) 5,246 5,246 5,246 — — Financial liabilities: Interest-bearing deposits $ 989,259 $ 990,747 $ 611,374 $ — $ 379,373 Noninterest-bearing deposits (1) 334,746 334,746 334,746 — — Short-term borrowings (1) 4,920 4,920 4,920 — — Long-term borrowings 161,920 163,931 — — 163,931 Accrued interest payable (1) 1,671 1,671 1,671 — — (1) The financial instrument is carried at cost at December 31, 2019, which approximate the fair value of the instruments

PARENT COMPANY ONLY FINANCIAL S

PARENT COMPANY ONLY FINANCIAL STATEMENTS	12 Months Ended
	Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]
PARENT COMPANY ONLY FINANCIAL STATEMENTS	PARENT COMPANY ONLY FINANCIAL STATEMENTS Condensed financial information for Penns Woods Bancorp, Inc. follows: CONDENSED BALANCE SHEET, DECEMBER 31, (In Thousands) 2020 2019 ASSETS: Cash $ 1,397 $ 287 Investment in subsidiaries: Bank 160,273 152,244 Non-bank 1,558 2,027 Other assets 1,030 574 Total Assets $ 164,258 $ 155,132 LIABILITIES AND SHAREHOLDERS’ EQUITY: Other liabilities $ 116 $ 172 Shareholders’ equity 164,142 154,960 Total liability and shareholders’ equity $ 164,258 $ 155,132 CONDENSED STATEMENT OF INCOME FOR THE YEARS ENDED DECEMBER 31, (In Thousands) 2020 2019 2018 Operating income: Dividends from subsidiaries $ 11,276 $ 10,326 $ 9,091 Equity in undistributed earnings of subsidiaries 5,684 6,906 6,973 Operating expenses (1,754) (1,560) (1,360) Net income $ 15,206 $ 15,672 $ 14,704 Comprehensive income $ 17,101 $ 19,531 $ 13,579 CONDENSED STATEMENT OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, (In Thousands) 2020 2019 2018 OPERATING ACTIVITIES: Net income $ 15,206 $ 15,672 $ 14,704 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of subsidiaries (5,684) (6,906) (6,973) Other, net (494) (269) 619 Net cash provided by operating activities 9,028 8,497 8,350 INVESTING ACTIVITIES: Investments in subsidiaries — (350) — FINANCING ACTIVITIES: Dividends paid (9,020) (8,876) (8,818) Issuance of common stock 1,102 769 583 Net cash used for financing activities (7,918) (8,107) (8,235) NET INCREASE IN CASH 1,110 40 115 CASH, BEGINNING OF YEAR 287 247 132 CASH, END OF YEAR $ 1,397 $ 287 $ 247

CONSOLIDATED QUARTERLY FINANCIA

CONSOLIDATED QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
CONSOLIDATED QUARTERLY FINANCIAL DATA (UNAUDITED)	CONSOLIDATED QUARTERLY FINANCIAL DATA (UNAUDITED) (In Thousands, Except Per Share Data) For the Three Months Ended 2020 March 31, June 30, Sept. 30, Dec. 31, Interest income $ 16,161 $ 16,044 $ 15,387 $ 15,046 Interest expense 4,000 3,794 3,542 3,079 Net interest income 12,161 12,250 11,845 11,967 Provision for loan losses 750 645 645 585 Non-interest income, excluding securities gains 2,409 2,423 3,024 2,701 Securities gains, net 28 198 1,011 374 Non-interest expense 10,110 9,611 9,707 9,640 Income before income tax provision 3,738 4,615 5,528 4,817 Income tax provision 661 851 1,051 911 Consolidated net income $ 3,077 $ 3,764 $ 4,477 $ 3,906 Earnings per share - basic $ 0.44 $ 0.53 $ 0.63 $ 0.56 Earnings per share - diluted $ 0.44 $ 0.53 $ 0.63 $ 0.56 (In Thousands, Except Per Share Data) For the Three Months Ended 2019 March 31, June 30, Sept. 30, Dec. 31, Interest income $ 16,434 $ 16,841 $ 17,084 $ 16,415 Interest expense 3,756 3,928 4,181 4,094 Net interest income 12,678 12,913 12,903 12,321 Provision for loan losses 360 315 360 1,700 Non-interest income, excluding securities gains 2,188 2,492 2,652 2,418 Securities gains (losses), net 66 (23) 170 489 Non-interest expense 9,814 10,059 9,541 10,294 Income before income tax provision 4,758 5,008 5,824 3,234 Income tax provision 812 759 1,170 397 Consolidated net income $ 3,946 $ 4,249 $ 4,654 $ 2,837 Earnings per share - basic $ 0.56 $ 0.61 $ 0.66 $ 0.40 Earnings per share - diluted $ 0.56 $ 0.60 $ 0.65 $ 0.39

REVENUE RECOGNITION

REVENUE RECOGNITION	12 Months Ended
	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	REVENUE RECOGNITION On January 1, 2018, the Corporation adopted ASU No. 2014-09 “Revenue from Contracts with Customers” (Topic 606) and all subsequent ASUs that modified Topic 606 using the modified retrospective method, and applied the guidance to all contracts in scope that were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts were not adjusted and continue to be reported in accordance with our historic accounting under Topic 605. The core principle of Topic 606, Revenue from Contracts with Customers , is that an entity recognize revenue at an amount that reflects the consideration to which the entity expects to be entitled in exchange for transferring goods or services to a customer. Topic 606 requires entities to exercise more judgment when considering the terms of a contract than under Topic 605, Revenue Recognition . Topic 606 applies to all contracts with customers to provide goods or services in the ordinary course of business, except for contracts that are specifically excluded from its scope. Topic 606 does not apply to revenue associated with interest income on financial instruments, including loans and securities. Additionally, certain noninterest income streams such as certain credit and debit card fees, income from bank owned life insurance, and gain and losses on sales of investment securities are out of scope of Topic 606. Topic 606 is applicable to noninterest revenue streams such as service charges on deposit accounts, merchant income, wire transfer income, check cashing fees, check printing fees, safe deposit box rental fees, life insurance and brokerage commissions. These revenue streams are largely transactional based and revenue is recognized upon completion of transaction. Principal versus Agent Considerations When more than one party is involved in providing goods or services to a customer, Topic 606 requires the Corporation to determine whether it is the principal or an agent in these transactions by evaluating the nature of its promise to the customer. An entity is a principal and therefore records revenue on a gross basis if it controls a promised good or service before transferring that good or service to the customer. An entity is an agent and records as revenue the net amount it retains for its agency services if its role is to arrange for another entity to provide the goods or services. The Corporation most commonly acts as a principal and records revenue on a gross basis, except in certain circumstances. As an example, revenues earned from interchange fees, in which the Corporation acts as an agent, are recorded as non-interest income, net of the related expenses paid to the principal. Brokerage and insurance commissions are recognized when The M Group's services to the broker dealer and investment representative are complete. Debit Card Fees Interchange fees are one source of debit and credit card income that is comprised of an amount merchants pay card-issuing banks for the processing of their electronic transactions as a form of payment. ATM service charges, check card usage, and POS debit card transactions generate interchange and debit card income. Per Topic 606 interchange and debit card transaction fees are reported net of related network costs. See Note 1 - Recent Accounting Pronouncements. Prior to the adoption of Topic 606, non-interest expense included network costs. Interchange and debit card transaction fees at December 31, 2020, 2019, and 2018 are reported on a net basis of $1,280,000, $1,378,000 and $1,534,000, respectively. The below table compares gross interchange and debit card transaction fees net network costs for 2020, 2019, and 2018: (In Thousands) 2020 2019 2018 Debit card transaction fees $ 1,775 $ 1,876 $ 2,117 Other processing service fees 306 282 275 Gross interchange and card based transaction fees 2,081 2,158 2,392 Network costs 801 780 858 Net interchange and card based transaction fees $ 1,280 $ 1,378 $ 1,534

LEASES

LEASES	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Leases	LEASES The following table shows finance lease right of use assets and finance lease liabilities as of December 31, 2020: (In Thousands) Statement of Financial Condition classification December 31, 2020 December 31, 2019 Finance lease right of use assets Premises and equipment, net $ 5,257 $ 5,456 Finance lease liabilities Long-term borrowings 5,475 5,587 The following table shows the components of finance and operating lease expense for the year ended December 31, 2020. (In Thousands) 2020 2019 Finance Lease Cost: Amortization of right-of-use asset $ 199 $ 254 Interest expense 212 224 Operating lease cost 318 393 Total Lease Cost $ 729 $ 871 Gross rental expense for the twelve months ended December 31, 2018 was $541,000. A maturity analysis of operating and finance lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows: (In Thousands) Operating Finance 2021 $ 291 $ 282 2022 298 283 2023 273 284 2024 262 290 2025 265 300 2026 and thereafter 2,911 7,704 Total undiscounted cash flows 4,300 9,143 Discount on cash flows (1,125) (3,668) Total lease liability $ 3,175 $ 5,475 The following table shows the weighted average remaining lease term and weighted average discount rate for both operating and finance leases outstanding as of December 31, 2020. Operating Finance Weighted-average term (years) 17.5 27.2 Weighted-average discount rate 3.47 % 3.76 %
Leases	LEASES The following table shows finance lease right of use assets and finance lease liabilities as of December 31, 2020: (In Thousands) Statement of Financial Condition classification December 31, 2020 December 31, 2019 Finance lease right of use assets Premises and equipment, net $ 5,257 $ 5,456 Finance lease liabilities Long-term borrowings 5,475 5,587 The following table shows the components of finance and operating lease expense for the year ended December 31, 2020. (In Thousands) 2020 2019 Finance Lease Cost: Amortization of right-of-use asset $ 199 $ 254 Interest expense 212 224 Operating lease cost 318 393 Total Lease Cost $ 729 $ 871 Gross rental expense for the twelve months ended December 31, 2018 was $541,000. A maturity analysis of operating and finance lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows: (In Thousands) Operating Finance 2021 $ 291 $ 282 2022 298 283 2023 273 284 2024 262 290 2025 265 300 2026 and thereafter 2,911 7,704 Total undiscounted cash flows 4,300 9,143 Discount on cash flows (1,125) (3,668) Total lease liability $ 3,175 $ 5,475 The following table shows the weighted average remaining lease term and weighted average discount rate for both operating and finance leases outstanding as of December 31, 2020. Operating Finance Weighted-average term (years) 17.5 27.2 Weighted-average discount rate 3.47 % 3.76 %

OPERATIONS AND SUMMARY OF SIG_2

OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of Penns Woods Bancorp, Inc. and its wholly owned subsidiaries, Jersey Shore State Bank (“JSSB”), Luzerne Bank ("Luzerne" and collectively with JSSB , the "Banks"), Woods Real Estate Development Co., Inc., Woods Investment Company, Inc., The M Group Inc. D/B/A The Comprehensive Financial Group (“The M Group”), a wholly owned subsidiary of JSSB and an eighty percent owned subsidiary, United Insurance Solutions, LLC, (collectively, the “Corporation”). All significant intercompany balances and transactions have been eliminated.
Use of Estimates	Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, valuation of net deferred tax assets, impairment of goodwill, other than temporary impairment of debt and equity securities, fair value of financial instruments, and the valuation of real estate acquired through, or in lieu of, foreclosure on settlement of debt.
Cash and Cash Equivalents, Restrictions on Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand and in banks and federal funds sold. Interest-earning deposits mature within 90 days and are carried at cost. Net cash flows are reported for loan, deposit, and short-term borrowing transactions. Restrictions on Cash and Cash Equivalents Based on deposit levels, the Banks must maintain cash and other reserves with the Federal Reserve Bank of Philadelphia ("FRB").
Investment Securities	Investment Securities Investment securities are classified at the time of purchase, based on management’s intention and ability, as securities held to maturity, securities available for sale, or securities held for trading. Debt securities acquired with the intent and ability to hold to maturity are stated at cost, adjusted for amortization of premium and accretion of discount, which are computed using the interest method and recognized as adjustments of interest income. Certain other debt securities have been classified as available for sale to serve principally as a source of liquidity. Unrealized holding gains and losses for available for sale securities are reported as a separate component of shareholders’ equity, net of tax, until realized. Equity securities are carried at fair value. Unrealized holding gains and losses for equity securities are recognized as a separate component within the income statement. Realized security gains and losses are computed using the specific identification method for debt securities and the average cost method for marketable equity securities. Interest and dividends on investment securities are recognized as income when earned. Securities are periodically reviewed for other-than-temporary impairment based upon a number of factors, including, but not limited to, the length of time and extent to which the fair value has been less than cost, the financial condition of the underlying issuer, the ability of the issuer to meet contractual obligations, the likelihood of the security’s ability to recover any decline in its fair value, whether it is more likely than not that the Corporation would be required to sell the security before its anticipated recovery in fair value, and a review of the Corporation’s capital adequacy, interest rate risk position, and liquidity. The assessment of a security’s ability to recover any decline in fair value, the ability of the issuer to meet contractual obligations, and management’s intent and ability requires considerable judgment. A decline in value that is considered to be other-than-temporary is recorded as a loss within non-interest income in the Consolidated Statement of Income. Fair values of investment securities are based on observed market prices. Certain investment securities do not have observed bid prices and their fair value is based on instruments with similar risk elements. Since regulatory stock is redeemable at par, the Corporation carries it at cost.
Loans and Loans Held for Sale	Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff generally are stated at the principal amount outstanding, net of deferred fees and discounts, unamortized loan fees and costs, and the allowance for loan losses. Interest on loans is recognized as income when earned on the accrual method. The Corporation’s general policy has been to stop accruing interest on loans when it is determined a reasonable doubt exists as to the collectability of additional interest. Income is subsequently recognized only to the extent that cash payments are received provided the loan is not delinquent in payment and, in management’s judgment, the borrower has the ability and intent to make future principal payments. Otherwise, payments are applied to the unpaid principal balance of the loan. Loans are restored to accrual status if certain conditions are met, including but not limited to, the repayment of all unpaid interest and scheduled principal due, ongoing performance consistent with the contractual agreement, and the future expectation of continued, timely payments. Loan origination and commitment fees as well as certain direct loan origination costs are being deferred and amortized as an adjustment to the related loan’s yield over the contractual lives of the related loans. Loans Held for Sale In general, fixed rate residential mortgage loans originated by the Banks are held for sale and are carried at cost due to their short holding period, which can range from less than two weeks to a maximum of thirty days. Sold loans are not serviced by the Banks. Proceeds from the sale of loans in excess of the carrying value are accounted for as a gain. Total gains on the sale of loans are shown as a component of non-interest income within the Consolidated Statement of Income.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses represents the amount which management estimates is adequate to provide for probable losses inherent in its loan portfolio as of the Consolidated Balance Sheet date. The allowance method is used in providing for loan losses. Accordingly, all loan losses are charged to the allowance and all recoveries are credited to it. The allowance for loan losses is established through a provision for loan losses charged to operations. The provision for loan losses is based upon management’s quarterly review of the loan portfolio. The purpose of the review is to assess loan quality, identify impaired loans, analyze delinquencies, ascertain loan growth, evaluate potential charge-offs and recoveries, and assess general economic conditions in the markets served. An external independent loan review is also performed semi-annually for the Bank. Management remains committed to an aggressive program of problem loan identification and resolution. The allowance is calculated by applying loss factors to outstanding loans by type, excluding loans for which a specific allowance has been determined. Loss factors are based on management’s consideration of the nature of the portfolio segments, changes in mix and volume of the loan portfolio, historical loan loss experience, and general economic conditions. In addition, management considers industry standards and trends with respect to nonperforming loans and its knowledge and experience with specific lending segments. Although management believes that it uses the best information available to make such determinations and that the allowance for loan losses is adequate at December 31, 2020, future adjustments could be necessary if circumstances or economic conditions differ substantially from the assumptions used in making the initial determinations. A downturn in the local economy, rising unemployment, or negative performance trends in financial information from borrowers could be indicators of subsequent increased levels of nonperforming assets and possible charge-offs, which would normally require increased loan loss provisions. An integral part of the periodic regulatory examination process is the review of the adequacy of the Banks' loan loss allowance. The regulatory agencies could require the Banks, based on their evaluation of information available at the time of their examination, to provide additional loan loss provisions to further supplement the allowance. Impaired loans are commercial and commercial real estate loans for which it is probable the Banks will not be able to collect all amounts due according to the contractual terms of the loan agreement. The Banks individually evaluate such loans for impairment and do not aggregate loans by major risk classifications. The definition of “impaired loans” is not the same as the definition of “nonaccrual loans,” although the two categories overlap. The Banks may choose to place a loan on nonaccrual status due to payment delinquency or uncertain collectability, while not classifying the loan as impaired if the loan is not a commercial or commercial real estate loan. Factors considered by management in determining impairment include payment status and collateral value. The amount of impairment for these types of loans is determined by the difference between the present value of the expected cash flows related to the loan, using the original interest rate, and its recorded value, or as a practical expedient in the case of collateralized loans, the difference between the fair value of the collateral and the recorded amount of the loans. When foreclosure is probable, impairment is measured based on the fair value of the collateral. Mortgage loans on one-to-four family properties and all consumer loans are large groups of smaller-balance homogeneous loans and are measured for impairment collectively. Loans that experience insignificant payment delays, which are defined as 90 days or less, generally are not classified as impaired. Management determines the significance of payment delays on a case-by-case basis taking into consideration all circumstances surrounding the loan and the borrower including the length of the delay, the borrower’s prior payment record, and the amount of shortfall in relation to the principal and interest owed.
Loan Charge-off Policies	Loan Charge-off Policies Loans are generally fully or partially charged down to the fair value of collateral securing the asset when: • management judges the asset to be uncollectible; • repayment is deemed to be protracted beyond reasonable time frames; • the asset has been classified as a loss by either the internal loan review process or external examiners; • the borrower has filed bankruptcy and the loss becomes evident due to a lack of assets; or • the loan is 180 days past due unless both well secured and in the process of collection.
Troubled Debt Restructurings	Troubled Debt Restructurings In situations where, for economic or legal reasons related to a borrower’s financial difficulties, management may grant a concession for other than an insignificant period of time to the borrower that would not otherwise be considered, the related loan is classified as a troubled debt restructuring ("TDR"). Management strives to identify borrowers in financial difficulty early and work with them to modify to more affordable terms before their loan reaches nonaccrual status. These modified terms may include rate reductions, principal forgiveness, payment forbearance, and other actions intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral. In cases where borrowers are granted new terms that provide for a reduction of either interest or principal, management measures any impairment on the restructuring as noted above for impaired loans. In addition to the allowance for the pooled portfolios, management has developed a separate allowance for loans that are identified as impaired through a TDR. These loans are excluded from pooled loss forecasts and a separate reserve is provided under the accounting guidance for loan impairment. Consumer loans whose terms have been modified in a TDR are also individually analyzed for estimated impairment.
Foreclosed Assets	Foreclosed Assets Foreclosed assets are carried at the lower of cost or fair value less estimated selling costs. Prior to foreclosure, the value of the underlying loan is written down to the fair value of the real estate to be acquired by a charge to the allowance for loan losses, if necessary. Any subsequent write-downs are charged against operating expenses. Net operating expenses and gains and losses realized from disposition are included in non-interest expense and income, respectively, within the Consolidated Statement of Income.
Premises and Equipment	Premises and Equipment Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed using straight-line and accelerated methods over the estimated useful lives of the related assets, which range from five fifteen
Bank-Owned Life Insurance	Bank-Owned Life Insurance The Corporation has purchased life insurance policies on certain officers and directors. Bank-owned life insurance is recorded at its cash surrender value, or the amount that can be realized. Increases in the cash surrender value are recognized as a component of non-interest income within the Consolidated Statement of Income.
Goodwill	GoodwillThe Corporation performs an annual impairment analysis of goodwill for its purchased subsidiaries, Luzerne and The M Group.
Intangible Assets	Intangible Assets At December 31, 2020, the Corporation had intangible assets of $156,000 as a result of the acquisition of Luzerne National Bank Corporation, which is net of accumulated amortization of $1,859,000. These intangible assets will continue to be amortized using the sum-of-the-years digits method of amortization over ten years. The Corporation also had intangible assets of $515,000, which is net of accumulated amortization of $505,000, as a result of the purchase of two books of business related to investment product sales. The book of business intangible is being amortized using the straight-line method over a period of ten years.
Investments in Limited Partnerships	Investments in Limited PartnershipsThe Corporation was a limited partner in one partnership at December 31, 2020 that will provide low income elderly housing in the Corporation’s geographic market area once construction is complete. The carrying value of the Corporation’s investment in the limited partnership was $3,944,000 at December 31, 2020 and $597,000 at December 31, 2019. The investment will be amortized over the ten-year tax credit receipt period.  The partnership will be amortized once the project reaches the level of occupancy needed to begin the ten year tax credit recognition period.
Off-Balance Sheet Financial Instruments	Off-Balance Sheet Financial Instruments In the ordinary course of business, the Corporation enters into off-balance sheet financial instruments. Those instruments consist of commitments to extend credit and standby letters of credit. When those instruments are funded or become payable, the Corporation reports the amounts in its financial statements.
Marketing Cost	Marketing Cost Marketing costs are generally expensed as incurred.
Income Taxes	Income Taxes The Corporation prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Benefits from tax positions should be recognized in the financial statements only when it is more likely than not that the tax position will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information. A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not recognition threshold should be derecognized in the first subsequent financial reporting period in which that threshold is no longer met. Deferred tax assets and liabilities result from temporary differences in financial and income tax methods of accounting, and are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. The Corporation analyzed its deferred tax asset position and determined that there was not a need for a valuation allowance due to the Corporation’s ability to generate future ordinary and capital taxable income. The Corporation when applicable recognizes interest and penalties on income taxes as a component of income tax provision.
Earnings Per Share	Earnings Per Share The Corporation provides dual presentation of basic and diluted earnings per share. Basic earnings per share is calculated utilizing net income as reported in the numerator and weighted average shares outstanding in the denominator. The computation of diluted earnings per share differs in that the dilutive effects of any stock options are adjusted in the denominator.
Employee Benefits	Employee BenefitsPension and employee benefits include contributions, determined actuarially, to a defined benefit retirement plan covering the eligible employees of JSSB.  The plan is funded on a current basis to the extent that it is deductible under existing federal tax regulations.  Pension and other employee benefits also include contributions to a defined contribution Section 401(k) plan covering eligible employees.  Contributions matching those made by eligible employees are funded throughout the year. In addition, an elective contribution may be made annually at the discretion of the board of directors for the employees of JSSB with no contributions made since 2015.
The M Group Products and Income Recognition	The M Group Products and Income Recognition The M Group product line is comprised primarily of annuities, life insurance, and mutual funds. The revenues generated from life insurance sales are commission only, as The M Group does not underwrite the policies. Life insurance sales include permanent and term policies with the majority of the policies written being permanent. Term life insurance policies are written for 10, 15, 20, and 30 year terms with the majority of the policies being written for 20 years. None of these products are offered as an integral part of lending activities. Commissions from the sale of annuities are recognized at the time notice is received from the third party broker/dealer or an insurance company that the transaction has been accepted and approved, which is also the time when commission income is received. Life insurance commissions are recognized at varying points based on the payment option chosen by the customer. Commissions from monthly and annual payment plans are recognized at the start of each annual period for the life insurance, while quarterly and semi-annual premium payments are recognized quarterly and semi-annually when the earnings process is complete. For example, semi-annual payments on the first of January and July would result in commission income recognition on the first of January and July, while payments on the first of January, April, July, and October would result in commission income recognition on those dates. The potential for chargebacks only exists for those policies on a monthly payment plan since income is recognized at the beginning of the annual coverage period versus at the time of each monthly payment. No liability is maintained for chargebacks as these are removed from income at the time of the occurrence.
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The Corporation is required to present accumulated other comprehensive income (loss) in a full set of general-purpose financial statements for all periods presented. Accumulated other comprehensive income (loss) is comprised of unrealized holding gains (losses) on the available for sale securities portfolio and the unrecognized components of net periodic benefit costs of the defined benefit pension plan.
Segment Reporting	Segment Reporting The Corporation has determined that its only reportable segment is Community Banking.
Reclassification of Comparative Amounts	Reclassification of Comparative Amounts Certain items previously reported have been reclassified to conform to the current year’s reporting format. Such reclassifications did not affect net income or shareholders’ equity.
Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments , which changes the impairment model for most financial assets. This Update is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The underlying premise of the Update is that financial assets measured at amortized cost should be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The allowance for credit losses should reflect management’s current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The income statement will be affected for the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. With certain exceptions, transition to the new requirements will be through a cumulative-effect adjustment to opening retained earnings as of the beginning of the first reporting period in which the guidance is adopted. This Update is effective for SEC filers that are eligible to be smaller reporting companies, non-SEC filers, and all other companies, to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. We expect to recognize a one-time cumulative-effect adjustment to the allowance for loan losses as of the beginning of the first reporting period in which the new standard is effective but cannot yet determine the magnitude of any such one-time adjustment or the overall impact of the new guidance on the consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment . To simplify the subsequent measurement of goodwill, the FASB eliminated Step 2 from the goodwill impairment test. In computing the implied fair value of goodwill under Step 2, an entity had to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities) following the procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. Instead, under the amendments in this Update, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The Update is effective for smaller reporting companies and all other entities for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. This Update is not expected to have a significant impact on the Company’s financial statements. In August 2018, the FASB issued ASU 2018-14, Compensation – Retirement Benefits (Topic 715-20). This Update amends ASC 715 to add, remove, and clarify disclosure requirements related to defined benefit pension and other postretirement plans. The Update eliminates the requirement to disclose the amounts in accumulated other comprehensive income expected to be recognized as part of net periodic benefit cost over the next year. The Update also removes the disclosure requirements for the effects of a one-percentage-point change on the assumed health care costs and the effect of this change in rates on service cost, interest cost, and the benefit obligation for postretirement health care benefits. This Update is effective for public business entities for fiscal years ending after December 15, 2020, and must be applied on a retrospective basis. For all other entities, this Update is effective for fiscal years ending after December 15, 2021. This Update did not have a significant impact on the Company’s financial statements. In April 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Derivatives, and Hedging (Topic 815); and Financial Instruments (Topic 825), which affects a variety of topics in the Codification and applies to all reporting entities within the scope of the affected accounting guidance. ASU 2019-04 makes clarifying amendments to certain financial instrument standards. For entities that have not yet adopted ASU 2016-13, the effective dates for the amendments related to ASU 2016-13 are the same as the effective dates in ASU 2016-13. For entities that have adopted ASU 2016-13, the amendments related to ASU 2016-13 are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. For entities that have not yet adopted ASU 2017-12 as of April 25, 2019, the effective dates for the amendments to Topic 815 are the same as the effective dates in ASU 2017-12. For entities that have adopted ASU 2017-12 as of April 25, 2019, the effective date is as of the beginning of the first annual period beginning after April 25, 2019. The amendments related to ASU 2016-01 are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company qualifies as a smaller reporting company and does not expect to early adopt these ASUs. In May 2019, the FASB issued ASU 2019-05, Financial Instruments – Credit Losses (Topic 326) , which allows entities to irrevocably elect the fair value option for certain financial assets previously measured at amortized cost upon adoption of the new credit losses standard. To be eligible for the transition election, the existing financial asset must otherwise be both within the scope of the new credit losses standard and eligible for applying the fair value option in ASC 825-10.3. The election must be applied on an instrument-by-instrument basis and is not available for either available-for-sale or held-to-maturity debt securities. For entities that elect the fair value option, the difference between the carrying amount and the fair value of the financial asset would be recognized through a cumulative-effect adjustment to opening retained earnings as of the date an entity adopted ASU 2016-13. Changes in fair value of that financial asset would subsequently be reported in current earnings. For entities that have not yet adopted the credit losses standard, the ASU is effective when they implement the credit losses standard. For entities that already have adopted the credit losses standard, the ASU is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company qualifies as a smaller reporting company and does not expect to early adopt ASU 2016-13. In November 2019, the FASB issued ASU 2019-11, Codification Improvements to Topic 326, Financial Instruments – Credit Losses , to clarify its new credit impairment guidance in ASC 326, based on implementation issues raised by stakeholders. This Update clarified, among other things, that expected recoveries are to be included in the allowance for credit losses for these financial assets; an accounting policy election can be made to adjust the effective interest rate for existing troubled debt restructurings based on the prepayment assumptions instead of the prepayment assumptions applicable immediately prior to the restructuring event; and extends the practical expedient to exclude accrued interest receivable from all additional relevant disclosures involving amortized cost basis. For entities that have not yet adopted ASU 2016-13 as of November 26, 2019, the effective dates for ASU 2019-11 are the same as the effective dates and transition requirements in ASU 2016-13. For entities that have adopted ASU 2016-13, ASU 2019-11 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company qualifies as a smaller reporting company and does not expect to early adopt these ASUs. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740) , to simplify the accounting for income taxes, change the accounting for certain tax transactions, and make minor improvements to the codification. This Update provides a policy election to not allocate consolidated income taxes when a member of a consolidated tax return is not subject to income tax and provides guidance to evaluate whether a step-up in tax basis of goodwill relates to a business combination in which book goodwill was recognized or was a separate transaction. The Update also changes current guidance for making an intraperiod allocation if there is a loss in continuing operations and gains outside of continuing operations, determining when a deferred tax liability is recognized after an investor in a foreign entity transitions to or from the equity method of accounting, accounting for tax law changes and year-to-date losses in interim periods, and determining how to apply the income tax guidance to franchise taxes that are partially based on income. For public business entities, the amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. This Update is not expected to have a significant impact on the Company’s financial statements. In January 2020, the FASB issued ASU 2020-01, Investments-Equity Securities (Topic 321), Investments-Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) , to clarify that an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting, for the purposes of applying the measurement alternative, in accordance with Topic 321, immediately before applying or upon discontinuing the equity method. The amendments also clarify that, for the purpose of applying paragraph 815-10-15-141 (a), an entity should not consider whether, upon the settlement of the forward contract or exercise of the purchased option, individually or with existing investments, the underlying securities would be accounted for under the equity method in Topic 323 or the fair value option, in accordance with the financial instruments guidance in Topic 825. An entity also would evaluate the remaining characteristics in paragraph 815-10-15-141 to determine the accounting for those forward contracts and purchased options. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years. This Update is not expected to have a significant impact on the Company’s financial statements. In March 2020, the FASB issued ASU 2020-03 , Codification Improvements to Financial Instruments. This ASU was issued to improve and clarify various financial instruments topics, including the current expected credit losses (CECL) standard issued in 2016. The ASU includes seven issues that describe the areas of improvement and the related amendments to GAAP; they are intended to make the standards easier to understand and apply and to eliminate inconsistencies, and they are narrow in scope and are not expected to significantly change practice for most entities. Among its provisions, the ASU clarifies that all entities, other than public business entities that elected the fair value option, are required to provide certain fair value disclosures under ASC 825, Financial Instruments , in both interim and annual financial statements. It also clarifies that the contractual term of a net investment in a lease under Topic 842 should be the contractual term used to measure expected credit losses under Topic 326. Amendments related to ASU 2019-04 are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is not permitted before an entity’s adoption of ASU 2016-01. Amendments related to ASU 2016-13 for entities that have not yet adopted that guidance are effective upon adoption of the amendments in ASU 2016-13. Early adoption is not permitted before an entity’s adoption of ASU 2016-13. Amendments related to ASU 2016-13 for entities that have adopted that guidance are effective for fiscal years beginning after December 15, 2019, including interim periods within those years. Other amendments are effective upon issuance of this ASU. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. In January 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, March 2020 , to provide temporary optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from LIBOR and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate. Entities can elect not to apply certain modification accounting requirements to contracts affected by what the guidance calls “reference rate reform” if certain criteria are met. An entity that makes this election would not have to remeasure the contracts at the modification date or reassess a previous accounting determination. Also, entities can elect various optional expedients that would allow them to continue applying hedge accounting for hedging relationships affected by reference rate reform if certain criteria are met, and can make a one-time election to sell and/or reclassify held-to-maturity debt securities that reference an interest rate affected by reference rate reform. The amendments in this ASU are effective for all entities upon issuance through December 31, 2022. It is too early to predict whether a new rate index replacement and the adoption of the ASU will have a material impact on the Company’s financial statements. In August 2020, the FASB issued ASU 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40), which simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. This ASU removes from U.S. GAAP the separation models for (1) convertible debt with a cash conversion feature and (2) convertible instruments with a beneficial conversion feature. As a result, entities will not separately present in equity an embedded conversion feature in such debt. Instead, they will account for a convertible debt instrument wholly as debt, and for convertible preferred stock wholly as preferred stock (i.e., as a single unit of account), unless (1) a convertible instrument contains features that require bifurcation as a derivative under ASC 815 or (2) a convertible debt instrument was issued at a substantial premium. This ASU requires entities to provide expanded disclosures about the terms and features of convertible instruments, how the instruments have been reported in the entity’s financial statements, and information about events, conditions, and circumstances that can affect how to assess the amount or timing of an entity’s future cash flows related to those instruments. The amendments in this ASU are effective for public business entities that are not smaller reporting companies, for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years. For all other entities, this ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. The guidance may be early adopted for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. This Update is not expected to have a significant impact on the Company’s financial statements. In October 2020, the FASB issued ASU 2020-08, Codification Improvements to Subtopic 310-20, Receivables – Nonrefundable Fees and Other Costs, which clarifies that, for each reporting period, an entity should reevaluate whether a callable debt security is within the scope of ASC 310-20-35-33. For public business entities, ASU 2020-08 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Early application is not permitted. For all other entities, ASU 2020-08 is effective for fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. This Update is not expected to have a significant impact on the Company’s financial statements. In October 2020, the FASB issued ASU 2020-09, Debt (Topic 470): Amendments to SEC Paragraphs Pursuant to SEC Release No. 33-10762 , which codifies, as appropriate, the amended financial statement disclosure requirements in Regulation S-X Rules 13-01 and 13-02. The amendments are effective January 4, 2021. This Update did not have a significant impact on the Company’s financial statements. In October 2020, the FASB issued ASU 2020-10, Codification Improvements , which makes minor technical corrections and clarifications to the ASC. The amendments in Sections B and C of the ASU are effective for annual periods beginning after December 15, 2020, for public business entities. For all other entities, the amendments are effective for annual periods beginning after December 15, 2021, and interim periods within annual periods beginning after December 15, 2022. This Update is not expected to have a significant impact on the Company’s financial statements. In November 2020, the FASB issued ASU 2020-11, Financial Services – Insurance (Topic 944), which was made i n consideration of the implications of the Coronavirus Disease 2019 (COVID-19) pandemic on an insurance entity’s ability to effectively implement the amendments in Accounting Standards Update No. 2018-12, Financial Services— Insurance: Targeted Improvements to the Accounting for Long-Duration Contracts (LDTI). The amendments in this Update defer the effective date of LDTI for all entities by one year, as (1) for public business entities that meet the definition of an SEC filer and are not SRCs, LDTI is effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years; and (2) for all other entities, LDTI is effective for fiscal years beginning after December 15, 2024, and interim periods within fiscal years beginning after December 15, 2025. This Update is not expected to have a significant impact on the Company’s financial statements. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848), which provides optional temporary guidance for entities transitioning away from the London Interbank Offered Rate (LIBOR) and other interbank offered rates (IBORs) to new references rates so that derivatives affected by the discounting transition are explicitly eligible for certain optional expedients and exceptions within Topic 848. ASU 2021-01 clarifies that the derivatives affected by the discounting transition are explicitly eligible for certain optional expedients and exceptions in Topic 848. ASU 2021-01 is effective immediately for all entities. Entities may elect to apply the amendments on a full retrospective basis as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020, or on a prospective basis to new modifications from any date within an interim period that includes or is subsequent to the date of the issuance of a final update, up to the date that financial statements are available to be issued. The amendments in this update do not apply to contract modifications made, as well as new hedging relationships entered into, after December 31, 2022, and to existing hedging relationships evaluated for effectiveness for periods after December 31, 2022, except for certain hedging relationships existing as of December 31, 2022, that apply certain optional expedients in which the accounting effects are recorded through the end of the hedging relationship. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations.

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The changes in accumulated other comprehensive income (loss) by component shown, net of tax and parenthesis indicating debits to net income, as of December 31, 2020, 2019, and 2018 were as follows: Twelve Months Ended Twelve Months Ended Twelve Months Ended (In Thousands) Net Unrealized Gain (Loss) on Available * Defined Total* Net Unrealized Gain (Loss) on Available * Defined * Total * Net Unrealized Gain (Loss) on Available * Defined * Total * Beginning balance $ 2,455 $ (5,232) $ (2,777) $ (1,360) $ (5,276) $ (6,636) $ (54) $ (4,920) $ (4,974) Other comprehensive income (loss) before reclassifications 3,517 (510) 3,007 4,321 (104) 4,217 (806) (486) (1,292) Amounts reclassified from accumulated other comprehensive (loss) income (1,258) 146 (1,112) (506) 148 (358) 37 130 167 Net current-period other comprehensive income (loss) 2,259 (364) 1,895 3,815 44 3,859 (769) (356) (1,125) Reclassification from — — — — — — (537) — (537) Ending balance $ 4,714 $ (5,596) $ (882) $ 2,455 $ (5,232) $ (2,777) $ (1,360) $ (5,276) $ (6,636)
Schedule of Reclassification Out of Accumulated Other Comprehensive Income	The reclassifications out of accumulated other comprehensive income shown, net of tax and parenthesis indicating debits to net income, as of December 31, 2020, 2019, and 2018 were as follows: (In Thousands) Amount Reclassified from Accumulated Other Comprehensive Income Details about Accumulated Other Comprehensive Income Components Twelve Months Ended Affected Line Item December 31, 2020 December 31, 2019 December 31, 2018 Net realized gain (loss) on available for sale securities $ 1,592 $ 640 $ (47) Net debt securities gains (losses), net available for sale Income tax effect (334) (134) 10 Income tax provision $ 1,258 $ 506 $ (37) Net unrecognized pension expense $ (185) $ (187) $ (165) Other non-interest expense Income tax effect 39 39 35 Income tax provision $ (146) $ (148) $ (130)

PER SHARE DATA (Tables)

PER SHARE DATA (Tables)	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Schedule of Weighted Average Common Shares (Denominator) Used in the Basic and Dilutive Earnings Per Share Computation	The following table sets forth the composition of the weighted average common shares (denominator) used in the basic and dilutive per share computation. Year Ended December 31, 2020 2019 2018 Weighted average common shares issued 7,524,767 7,518,939 7,515,606 Average treasury stock shares (480,225) (480,225) (480,225) Weighted average common shares outstanding - basic 7,044,542 7,038,714 7,035,381 Dilutive effect of outstanding stock options — 74,625 — Weighted average common shares outstanding - diluted 7,044,542 7,113,339 7,035,381

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost, Gross Unrealized Gains and Losses, and Fair Values of Equity and Trading Investment Securities	The amortized cost, gross gains and losses, and fair values of investment securities at December 31, 2020 and 2019 are as follows: 2020 (In Thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for sale (AFS): Mortgage-backed securities $ 2,118 $ 23 $ — $ 2,141 State and political securities 102,690 5,382 (59) 108,013 Other debt securities 51,486 828 (207) 52,107 Total debt securities $ 156,294 $ 6,233 $ (266) $ 162,261 Investment equity securities: Other equity securities $ 1,300 $ 10 $ (22) $ 1,288 Total equity securities $ 1,300 $ 10 $ (22) $ 1,288 Trading: Other equity securities $ 50 $ — $ (10) $ 40 Trading investment equity securities $ 50 $ — $ (10) $ 40 2019 (In Thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for sale (AFS): Mortgage-backed securities $ 4,956 $ 56 $ (46) $ 4,966 State and political securities 79,064 3,299 (77) 82,286 Other debt securities 61,492 401 (526) 61,367 Total debt securities $ 145,512 $ 3,756 $ (649) $ 148,619 Investment equity securities: Other equity securities $ 1,300 $ — $ (39) $ 1,261 Total equity securities $ 1,300 $ — $ (39) $ 1,261 Trading: Other equity securities $ 50 $ 3 $ (2) $ 51 Trading investment equity securities $ 50 $ 3 $ (2) $ 51
Schedule of Gross Unrealized Losses and Fair Value	The following tables show the Corporation’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at December 31, 2020 and 2019. 2020 Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (In Thousands) Value Losses Value Losses Value Losses Available for sale (AFS) State and political securities $ 12,311 $ (51) $ 900 $ (8) $ 13,211 $ (59) Other debt securities 5,964 (74) 4,429 (133) 10,393 (207) Total Debt Securities AFS $ 18,275 $ (125) $ 5,329 $ (141) $ 23,604 $ (266) 2019 Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (In Thousands) Value Losses Value Losses Value Losses Available for sale (AFS) Mortgage-backed securities $ — $ — $ 2,115 $ (46) $ 2,115 $ (46) State and political securities 7,958 (40) 224 (37) 8,182 (77) Other debt securities 13,373 (216) 14,258 (310) 27,631 (526) Total Debt Securities AFS $ 21,331 $ (256) $ 16,597 $ (393) $ 37,928 $ (649)
Schedule of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity	The amortized cost and fair value of debt securities at December 31, 2020, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities since borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. (In Thousands) Amortized Cost Fair Value Due in one year or less $ 13,518 $ 13,490 Due after one year to five years 70,187 71,674 Due after five years to ten years 60,896 65,102 Due after ten years 11,693 11,995 Total $ 156,294 $ 162,261
Schedule of Gross Realized Gains and Losses	The following table represents gross realized gains and losses on those transactions: Year Ended December 31, (In Thousands) 2020 2019 2018 Gross realized gains: U.S. Government and agency securities $ — $ — $ — Mortgage-backed securities 83 — 27 State and political securities 978 544 19 Other debt securities 554 113 3 Total gross realized gains $ 1,615 $ 657 $ 49 Gross realized losses: U.S. Government and agency securities $ — $ — $ — Mortgage-backed securities — 1 — State and political securities 23 11 86 Other debt securities — 5 10 Total gross realized losses $ 23 $ 17 $ 96 Gross realized gains: Financial institution equity securities $ — $ 52 $ — Other equity securities — — — Total gross realized gains $ — $ 52 $ — Gross realized losses: Financial institution equity securities $ — $ — $ — Other equity securities — — — Total gross realized losses $ — $ — $ —
Schedule of Unrealized and Realized Gains and Losses Recognized in Net Income	The following is a summary of unrealized and realized gains and losses recognized in net income on equity securities during the years ended December 31, 2020 and 2019: (In Thousands) 2020 2019 Net gain recognized in equity securities during the period $ 27 $ 89 Less: Net gains realized on the sale of equity securities during the period — 52 Unrealized gain recognized in equity securities held at reporting date $ 27 $ 37 Net gains and losses on trading account securities are as follows for the for the years ended December 31, 2020, 2019, and 2018. (In Thousands) 2020 2019 2018 Net gain (losses) on sales transaction $ — $ 5 $ (6) Net mark-to-market (losses) gains (11) 14 9 Net (loss) gain on trading account securities $ (11) $ 19 $ 3

LOAN CREDIT QUALITY AND RELAT_2

LOAN CREDIT QUALITY AND RELATED ALLOWANCE FOR LOAN LOSSES (Tables)	12 Months Ended
	Dec. 31, 2020
Loans and Leases Receivable Disclosure [Abstract]
Schedule of Related Aging Categories of Loans by Segment	The following table presents the related aging categories of loans, by segment, as of December 31, 2020 and 2019: 2020 (In Thousands) Current Past Due Past Due 90 Non-Accrual Total Commercial, financial, and agricultural $ 163,583 $ 247 $ 48 $ 865 $ 164,743 Real estate mortgage: Residential 580,292 6,386 983 2,060 589,721 Commercial 366,363 533 150 6,142 373,188 Construction 38,587 667 — 55 39,309 Consumer automobile loans 155,472 900 31 — 156,403 Other consumer installment loans 19,485 455 — — 19,940 1,323,782 $ 9,188 $ 1,212 $ 9,122 1,343,304 Net deferred loan fees and discounts 1,023 1,023 Allowance for loan losses (13,803) (13,803) Loans, net $ 1,311,002 $ 1,330,524 2019 (In Thousands) Current Past Due Past Due 90 Non-Accrual Total Commercial, financial, and agricultural $ 153,737 $ 249 $ 30 $ 2,197 $ 156,213 Real estate mortgage: Residential 615,580 4,881 1,529 1,266 623,256 Commercial 355,597 775 164 6,725 363,261 Construction 37,871 131 — 65 38,067 Consumer automobile loans 149,703 709 — 105 150,517 Other consumer installment loans 22,124 579 324 16 23,043 1,334,612 $ 7,324 $ 2,047 $ 10,374 1,354,357 Net deferred loan fees and discounts 1,187 1,187 Allowance for loan losses (11,894) (11,894) Loans, net $ 1,323,905 $ 1,343,650
Schedule of Interest Income if Interest had been Recorded Based on the Original Loan Agreement Terms and Rate of Interest for Non-Accrual Loans and Interest Income Recognized on a Cash Basis for Non-Accrual Loans	The following table presents the interest income if interest had been recorded based on the original loan agreement terms and rate of interest for non-accrual loans and interest income recognized on a cash basis for non-accrual loans as of December 31, 2020, 2019, and 2018: Year Ended December 31, 2020 2019 2018 (In Thousands) Interest Income That Would Have Been Recorded Based on Interest Interest Income That Interest Interest Income That Interest Commercial, financial, and agricultural $ 29 $ — $ 166 $ 2 $ 289 $ 235 Real estate mortgage: Residential 21 28 158 33 123 88 Commercial 60 — 333 8 405 212 Construction 1 — 4 — 5 4 Consumer automobile loans — — 16 10 7 5 Other consumer installment loans — — 2 1 1 1 $ 111 $ 28 $ 679 $ 54 $ 830 $ 545
Schedule of Recorded Investment, Unpaid Principal Balance, and Related Allowance of Impaired Loans by Segment	The following table presents the recorded investment, unpaid principal balance, and related allowance of impaired loans by segment as of December 31, 2020 and 2019: 2020 (In Thousands) Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial, financial, and agricultural $ 865 $ 3,652 $ — Real estate mortgage: Residential 5,023 5,023 — Commercial 6,354 6,354 — Construction 124 124 — Consumer automobile loans — — — Other consumer installment loans — — — 12,366 15,153 — With an allowance recorded: Commercial, financial, and agricultural — — — Real estate mortgage: Residential 1,294 1,294 224 Commercial 3,023 3,023 811 Construction — — — Consumer automobile loans — — — Other consumer installment loans — — — 4,317 4,317 1,035 Total: Commercial, financial, and agricultural 865 3,652 — Real estate mortgage: Residential 6,317 6,317 224 Commercial 9,377 9,377 811 Construction 124 124 — Consumer automobile loans — — — Other consumer installment loans — — — $ 16,683 $ 19,470 $ 1,035 2019 (In Thousands) Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial, financial, and agricultural $ 2,285 $ 5,072 $ — Real estate mortgage: Residential 5,008 5,008 — Commercial 5,035 5,035 — Construction 65 65 — Consumer automobile loans — — — Other consumer installment loans — — — 12,393 15,180 — With an allowance recorded: Commercial, financial, and agricultural — — — Real estate mortgage: Residential 1,168 1,200 211 Commercial 3,540 3,590 1,104 Construction — — — Consumer automobile loans 130 130 62 Other consumer installment loans 16 16 16 4,854 4,936 1,393 Total: Commercial, financial, and agricultural 2,285 5,072 — Real estate mortgage: Residential 6,176 6,208 211 Commercial 8,575 8,625 1,104 Construction 65 65 — Consumer automobile loans 130 130 62 Other consumer installment loans 16 16 16 $ 17,247 $ 20,116 $ 1,393
Schedule of Average Recorded Investment in Impaired Loans and Related Interest Income Recognized	The following table presents the average recorded investment in impaired loans and related interest income recognized for December 31, 2020, 2019, and 2018: 2020 (In Thousands) Average Interest Income Interest Income Commercial, financial, and agricultural $ 1,653 $ 34 $ — Real estate mortgage: Residential 5,692 234 15 Commercial 7,937 158 — Construction 72 1 4 Consumer automobile loans 89 — — Other consumer installment loans 3 1 — $ 15,446 $ 428 $ 19 2019 (In Thousands) Average Interest Income Interest Income Commercial, financial, and agricultural $ 4,673 $ 5 $ — Real estate mortgage: Residential 4,902 141 28 Commercial 9,757 117 3 Construction 71 — — Consumer automobile loans 62 — 4 Other consumer installment loans 12 — — $ 19,477 $ 263 $ 35 2018 (In Thousands) Average Interest Income Interest Income Commercial, financial, and agricultural $ 2,018 $ 71 $ 168 Real estate mortgage: Residential 3,962 134 87 Commercial 9,524 235 194 Construction 15 — 4 Consumer automobile loans 14 — 1 Other consumer installment loans 1 — 1 $ 15,534 $ 440 $ 455
Schedule of Loan Modifications that are Considered TDRs	Loan modifications that are considered TDRs completed during the twelve months ended December 31, 2020 and 2019 were as follows: Year Ended December 31, 2020 2019 (In Thousands, Except Number of Contracts) Number Pre-Modification Post-Modification Number Pre-Modification Post-Modification Commercial, financial, and agricultural 2 $ 1,028 $ 1,028 2 $ 1,221 $ 1,221 Real estate mortgage: Residential — — — 1 2,166 2,166 Commercial 3 1,263 1,263 2 2,842 2,842 Construction — — — — — — Other consumer installment loans — — — — — — Total 5 $ 2,291 $ 2,291 5 $ 6,229 $ 6,229 Year Ended December 31, 2019 (In Thousands, Except Number of Contracts) Number of Contracts Recorded Investment Commercial, financial, and agricultural 2 $ 1,218 Real estate mortgage: Residential — — Commercial 1 1,082 Total 3 $ 2,300
Schedule of Credit Quality Categories	The following table presents the credit quality categories identified above as of December 31, 2020 and 2019: 2020 Commercial, Finance, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Totals Pass $ 162,694 $ 584,599 $ 355,616 $ 39,192 $ 156,403 $ 19,938 $ 1,318,442 Special Mention 180 556 7,973 — — — 8,709 Substandard 1,869 4,566 9,599 117 — 2 16,153 Total $ 164,743 $ 589,721 $ 373,188 $ 39,309 $ 156,403 $ 19,940 $ 1,343,304 2019 Commercial, Finance, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Totals Pass $ 149,349 $ 618,350 $ 348,864 $ 37,931 $ 150,517 $ 23,039 $ 1,328,050 Special Mention 3,174 2,436 5,080 — — — 10,690 Substandard 3,690 2,470 9,317 136 — 4 15,617 Total $ 156,213 $ 623,256 $ 363,261 $ 38,067 $ 150,517 $ 23,043 $ 1,354,357
Schedule of Activity in the Allowance	Activity in the allowance is presented for the twelve months ended December 31, 2020, 2019, and 2018: 2020 Commercial, Finance, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Unallocated Totals Beginning Balance $ 1,779 $ 4,306 $ 3,210 $ 118 $ 1,780 $ 278 $ 423 $ 11,894 Charge-offs (64) (254) (64) — (396) (193) — (971) Recoveries 36 49 — 11 75 84 — 255 Provision 185 359 489 5 447 92 1,048 2,625 Ending Balance $ 1,936 $ 4,460 $ 3,635 $ 134 $ 1,906 $ 261 $ 1,471 $ 13,803 2019 Commercial, Finance, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Unallocated Totals Beginning Balance $ 1,680 $ 5,616 $ 4,047 $ 143 $ 1,328 $ 259 $ 764 $ 13,837 Charge-offs (2,903) (347) (150) — (329) (1,228) — (4,957) Recoveries 90 6 1 10 79 93 — 279 Provision 2,912 (969) (688) (35) 702 1,154 (341) 2,735 Ending Balance $ 1,779 $ 4,306 $ 3,210 $ 118 $ 1,780 $ 278 $ 423 $ 11,894 2018 Commercial, Finance, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Unallocated Totals Beginning Balance $ 1,177 $ 5,679 $ 4,277 $ 155 $ 804 $ 271 $ 495 $ 12,858 Charge-offs (82) (276) (56) — (246) (303) — (963) Recoveries 36 74 — 7 16 74 — 207 Provision 549 139 (174) (19) 754 217 269 1,735 Ending Balance $ 1,680 $ 5,616 $ 4,047 $ 143 $ 1,328 $ 259 $ 764 $ 13,837
Schedule of Concentration of Loan	The Corporation has a concentration of loans at December 31, 2020 and 2019 as follows: 2020 2019 Owners of residential rental properties 16.57 % 15.87 % Owners of commercial rental properties 13.57 % 12.39 %
Schedule of Allowance for Loan Losses and the Recorded Investment in Loans by Portfolio Segment and Based on Impairment Method	The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2020 and 2019: 2020 Commercial, Finance, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment Unallocated Totals (In Thousands) Residential Commercial Construction Allowance for Loan Losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ 224 $ 811 $ — $ — $ — $ — $ 1,035 Collectively evaluated for impairment 1,936 4,236 2,824 134 1,906 261 1,471 12,768 Total ending allowance balance $ 1,936 $ 4,460 $ 3,635 $ 134 $ 1,906 $ 261 $ 1,471 $ 13,803 Loans: Individually evaluated for impairment $ 865 $ 6,317 $ 9,377 $ 124 $ — $ — $ 16,683 Collectively evaluated for impairment 163,878 583,404 363,811 39,185 156,403 19,940 1,326,621 Total ending loans balance $ 164,743 $ 589,721 $ 373,188 $ 39,309 $ 156,403 $ 19,940 $ 1,343,304 2019 Commercial, Finance, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment Unallocated Totals (In Thousands) Residential Commercial Construction Allowance for Loan Losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ 211 $ 1,104 $ — $ 62 $ 16 $ — $ 1,393 Collectively evaluated for impairment 1,779 4,095 2,106 118 1,718 262 423 10,501 Total ending allowance balance $ 1,779 $ 4,306 $ 3,210 $ 118 $ 1,780 $ 278 $ 423 $ 11,894 Loans: Individually evaluated for impairment $ 2,285 $ 6,176 $ 8,575 $ 65 $ 130 $ 16 $ 17,247 Collectively evaluated for impairment 153,928 617,080 354,686 38,002 150,387 23,027 1,337,110 Total ending loans balance $ 156,213 $ 623,256 $ 363,261 $ 38,067 $ 150,517 $ 23,043 $ 1,354,357

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Summary of major classifications of premises and equipment	Major classifications of premises and equipment are summarized as follows at December 31, 2020 and 2019: (In Thousands) 2020 2019 Land $ 6,747 $ 6,772 Premises 22,334 21,566 Furniture and equipment 12,443 12,043 Leasehold improvements 3,698 3,077 Finance lease right-of-use assets 5,257 5,456 Total 50,479 48,914 Less accumulated depreciation and amortization 17,777 15,985 Net premises and equipment $ 32,702 $ 32,929

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES (Tables)	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	As of December 31, 2020, the estimated future amortization expense for the core deposit and trade name intangible was: (In Thousands) Core Deposit Intangible Trade Name Intangible Book of Business Intangible Total 2021 $ 83 $ 6 $ 102 $ 191 2022 48 4 102 154 2023 14 1 102 117 2024 — — 102 102 2025 — — 102 102 2026 — — 5 5 $ 145 $ 11 $ 515 $ 671

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2020
Banking and Thrift [Abstract]
Schedule of Maturities on Time Deposits of $100,000 or More	At December 31, 2020, the scheduled maturities on time deposits of $100,000 or more are as follows: (In Thousands) 2020 Three months or less $ 16,189 Three months to six months 16,540 Six months to twelve months 48,101 Over twelve months 67,458 Total $ 148,288
Schedule of Total Time Deposit Maturities	Total time deposit maturities are as follows at December 31, 2020: (In Thousands) 2020 2021 $ 147,976 2022 82,279 2023 20,608 2024 9,771 2025 1,708 Thereafter 1,303 Total $ 263,645
Summary of Deposits by Type	Total deposits at for the years ended December 31, 2020 and 2019 are as follows: 2020 2019 (In Thousands) Amount Noninterest-bearing $ 449,357 $ 334,746 Savings 209,924 176,732 Super Now 287,775 218,605 Money Market 283,742 216,038 Time 263,645 377,884 Total deposits $ 1,494,443 $ 1,324,005

SHORT-TERM BORROWINGS (Tables)

SHORT-TERM BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Summary of Outstanding Balances and Related Information for Short-Term Borrowings	The outstanding balances and related information for short-term borrowings are summarized as follows at December 31, 2020, 2019, and 2018: (In Thousands) 2020 2019 2018 Repurchase Agreements: Balance at year end $ 5,244 $ 4,920 $ 5,662 Maximum amount outstanding at any month end 18,468 10,097 8,431 Average balance outstanding during the year 10,669 5,971 7,043 Weighted-average interest rate: At year end 0.14 % 0.22 % 0.20 % Paid during the year 0.20 % 0.18 % 0.13 % Overnight: Balance at year end $ — $ — $ 162,203 Maximum amount outstanding at any month end 13,778 120,540 162,203 Average balance outstanding during the year 1,991 28,926 78,043 Weighted-average interest rate: At year end — % — % 2.62 % Paid during the year 1.09 % 2.70 % 2.24 %
Summary of Remaining Contractual Maturity of Repurchase Agreements	The remaining contractual maturity of repurchase agreements in the consolidated balance sheets as of December 31, 2020 and December 31, 2019 is presented in the following tables. 2020 2019 Remaining Contractual Maturity of the Agreements (In Thousands) Overnight and Continuous Overnight and Continuous Repurchase Agreements: Mortgage-backed securities $ — $ — State and political securities 10,672 4,984 Other debt securities 1,000 1,768 Total carrying value of collateral pledged $ 11,672 $ 6,752 Total liability recognized for repurchase agreements $ 5,244 $ 4,920

LONG-TERM BORROWINGS (Tables)

LONG-TERM BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Schedule of Outstanding Long-Term Borrowings with the FHLB by Contractual Maturities	The following represents outstanding long-term borrowings with the FHLB by contractual maturities at December 31, 2020 and 2019: (In Thousands) Weighted Average Interest Rate Stated Interest Rate Range Description Maturity 2020 2019 From To 2020 2019 Fixed 2020 — % 1.91 % 1.62 % 2.29 % $ — $ 43,333 Fixed 2021 2.73 % 2.73 % 2.46 % 3.00 % 30,000 30,000 Fixed 2022 2.24 % 2.24 % 1.98 % 2.56 % 23,000 23,000 Fixed 2023 2.60 % 2.60 % 1.84 % 3.10 % 25,000 25,000 Fixed 2024 2.24 % 2.35 % 1.50 % 2.96 % 40,000 35,000 Fixed 2025 1.62 % — % 1.14 % 1.88 % 30,000 — Total Fixed 2.27 % 2.32 % 148,000 156,333 Total 2.27 % 2.32 % $ 148,000 $ 156,333
Schedule of Outstanding Long-Term Borrowings with the FHLB by Contractual Maturities and Weighted-Average Rate	(In Thousands) Amount Weighted Average Rate 2021 $ 30,000 2.73 % 2022 23,000 2.24 % 2023 25,000 2.60 % 2024 40,000 2.24 % Thereafter 30,000 1.62 % $ 148,000 2.27 %

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of Temporary Differences giving Rise to the Net Deferred Tax Asset Position	The following temporary differences gave rise to the net deferred tax asset position at December 31, 2020 and 2019: (In Thousands) 2020 2019 Deferred tax assets: Allowance for loan losses $ 2,910 $ 2,503 Deferred compensation 1,554 1,451 Lease liability 1,844 2,100 Defined pension 74 327 Investment securities allowance 54 18 Other 566 1,014 Total 7,002 7,413 Deferred tax liabilities: Lease right of use asset 1,790 2,069 Unrealized gain on available for sale securities 1,253 653 Investment security accretion 119 117 Deferred loan fees and discounts 215 256 Depreciation 511 385 Amortization 588 595 Total 4,476 4,075 Deferred tax asset, net $ 2,526 $ 3,338
Schedule of Provision or Benefit for Income Taxes	The provision or benefit for income taxes is comprised of the following for the year ended December 31, 2020, 2019, and 2018: (In Thousands) 2020 2019 2018 Currently payable $ 3,165 $ 2,324 $ 3,143 Deferred expense (benefit) 309 814 (324) Total provision $ 3,474 $ 3,138 $ 2,819
Schedule of Reconciliation between the Expected Income Tax or Benefit and the Effective Income Tax Rate on Income before Income Tax Provision or Benefit	A reconciliation between the expected income tax or benefit and the effective income tax rate on income before income tax provision or benefit follows for the year ended December 31, 2020, 2019, and 2018: 2020 2019 2018 (In Thousands) Amount % Amount % Amount % Provision at expected rate $ 3,927 21.00 % $ 3,953 21.00 % $ 3,681 21.00 % (Decrease) increase in tax resulting from: Tax-exempt income (475) (2.54) (547) (2.91) (633) (3.61) Tax credits — — (184) (0.98) (177) (1.01) Other, net 22 0.12 (84) (0.44) (52) (0.30) Effective income tax provision and rate $ 3,474 18.58 % $ 3,138 16.67 % $ 2,819 16.08 %

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2020
Defined Benefit Plan [Abstract]
Schedule of Obligation and Funded Status	The following table sets forth the obligation and funded status as of December 31, 2020 and 2019: (In Thousands) 2020 2019 Change in benefit obligation: Benefit obligation at beginning of year $ 21,456 $ 19,022 Interest cost 641 763 Actuarial loss 160 92 Benefits paid (887) (840) Change in actuarial assumptions 2,183 2,419 Benefit obligation at end of year $ 23,553 $ 21,456 Change in plan assets: Fair value of plan assets at beginning of year $ 19,901 $ 16,366 Actual return on plan assets 2,967 3,369 Employer contribution 1,500 1,000 Benefits paid (887) (841) Adjustment to fair value of plan assets 3 7 Fair value of plan assets at end of year 23,484 19,901 Funded status $ (69) $ (1,555) Accounts recognized on balance sheet as: Total liabilities $ (69) $ (1,555) Amounts not yet recognized as a component of net periodic pension cost: Amounts recognized in accumulated other comprehensive income (loss) consist of: Net loss $ 7,084 $ 6,622
Schedule of Components of the Net Periodic Cost and Other Amounts Recognized in other Comprehensive Income (loss)	Components of Net Periodic Cost and Other Amounts Recognized in Other Comprehensive Income (Loss) as of December 31, 2020, 2019, and 2018 are as follows: (In Thousands) 2020 2019 2018 Net periodic pension cost: Service cost $ — $ — $ — Interest cost 641 763 706 Expected return on plan assets (1,274) (995) (1,098) Amortization of unrecognized net loss 185 187 165 Net periodic (benefit) cost $ (448) $ (45) $ (227)
Schedule of Weighted-Average Assumptions used to Determine Benefit Obligations and Net Periodic Cost	Weighted-average assumptions used to determine benefit obligations at December 31, 2020, 2019, and 2018: 2020 2019 2018 Discount rate 2.24 % 3.04 % 4.10 % Rate of compensation increase N/A N/A N/A Weighted-average assumptions used to determine net periodic cost for years ended December 31, 2020, 2019, and 2018: 2020 2019 2018 Discount rate 3.04 % 4.10 % 3.47 % Expected long-term return on plan assets 7.00 % 7.00 % 7.00 %
Schedule of Plan's Weighted-Average Asset Allocations by Asset Category	The Plan’s weighted-average asset allocations at December 31, 2020 and 2019 by asset category are as follows: Asset Category 2020 2019 Cash 3.62 % 5.32 % Fixed income securities 12.99 % 11.25 % Equity 69.06 % 67.14 % Inflation Hedges/Real Assets 5.16 % 5.75 % Hedged Strategies 9.17 % 10.54 % Total 100.00 % 100.00 %
Schedule Setting Forth by Level, within the Fair Value Hierarchy the Plan's Assets at Fair Value	The following table sets forth by level, within the fair value hierarchy detailed in Note 21 - Fair Value Measurements, the Plan’s assets at fair value as of December 31, 2020 and 2019: 2020 (In Thousands) Level I Level II Level III Total Assets: Cash and cash equivalents $ 850 $ — $ — $ 850 Mutual funds - taxable fixed income 3,051 — — 3,051 Mutual funds - domestic equity 11,325 — — 11,325 Mutual funds - international equity 4,889 — — 4,889 Inflation Hedges/Real Assets 1,214 — — 1,214 Hedged Strategies 2,155 — — 2,155 Total assets at fair value $ 23,484 $ — $ — $ 23,484 2019 (In Thousands) Level I Level II Level III Total Assets: Cash and cash equivalents $ 1,058 $ — $ — $ 1,058 Mutual funds - taxable fixed income 2,240 — — 2,240 Mutual funds - domestic equity 10,797 — — 10,797 Mutual funds - international equity 2,565 — — 2,565 Inflation Hedges/Real Assets 1,145 — — 1,145 Hedged Strategies 2,096 — — 2,096 Total assets at fair value $ 19,901 $ — $ — $ 19,901
Schedule of Future Benefit Payments Expected to be Paid	The following future benefit payments are expected to be paid: (In Thousands) 2021 $ 960 2022 978 2023 1,049 2024 1,051 2025 1,102 2026-2030 5,940 $ 11,080

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Stock Options Activity	A summary of stock option activity for the year ended December 31, 2020 is presented below: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at December 31, 2017 140,250 29.06 8.79 279,365 Granted 262,050 30.58 9.56 Exercised — — Forfeited (6,750) 28.51 Expired — — Outstanding at December 31, 2018 395,550 30.08 8.97 4,019,522 Granted 240,000 28.01 9.21 Exercised — — Forfeited (9,750) 29.64 Expired — — Outstanding at December 31, 2019 625,800 29.29 8.43 3,923,463 Granted 238,500 25.34 9.20 Exercised — — Forfeited (23,025) 29.44 Expired — — Outstanding at December 31, 2020 841,275 $ 28.17 7.93 $ 159,795 Options exercisable at December 31, 2020 94,500 $ 28.95 5.66 $ — On December 31, 2020, a total of 841,275 options were outstanding. Outstanding options at December 31, 2020 and the related vesting schedules are summarized below: Stock Options Granted Date Shares Forfeited Outstanding Strike Price Vesting Period Expiration March 11, 2020 119,300 — 119,300 $ 25.31 3 years 10 years March 11, 2020 119,200 — 119,200 25.31 5 years 10 years March 15, 2019 120,900 (5,700) 115,200 28.01 3 years 10 years March 15, 2019 119,100 (5,550) 113,550 28.01 5 years 10 years August 24, 2018 75,300 (5,250) 70,050 30.67 3 years 10 years August 24, 2018 149,250 (10,650) 138,600 30.67 5 years 10 years January 5, 2018 18,750 — 18,750 30.07 3 years 10 years January 5, 2018 18,750 — 18,750 30.07 5 years 10 years March 24, 2017 69,375 (9,000) 60,375 29.47 3 years 10 years March 24, 2017 35,625 (2,250) 33,375 29.47 5 years 10 years August 27, 2015 58,125 (24,000) 34,125 28.02 5 years 10 years
Stock Option Valuation Assumptions	The following is a summary of the assumptions used in this model for the stock options granted during 2020, 2019, and 2018: 2020 2019 2018 Risk-free interest rate 1.32 % 2.49 % 2.68 % Expected volatility 28.29 % 23.61 % 24.78 % Expected dividend yield 5.77 % 4.16 % 4.38 % Expected life 7.00 years 7.00 years 7.15 years Weighted average grant date fair value per option $ 3.80 $ 4.05 $ 5.15

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Summary of Loan Activity with Executive Officers, Directors, Principal Shareholders, and Associates of such Persons	A summary of loan activity with executive officers, directors, principal shareholders, and associates of such persons is listed below for the years ended December 31, 2020 and 2019: (In Thousands) Beginning Balance New Loans Repayments Ending Balance 2019 $ 17,791 $ 5,125 $ (8,542) $ 14,374 2020 14,374 12,956 (11,084) 16,246

OFF-BALANCE SHEET RISK (Tables)

OFF-BALANCE SHEET RISK (Tables)	12 Months Ended
	Dec. 31, 2020
Off Balance Sheet Risk
Schedule of Financial Instruments whose Contract Amounts Represent Credit Risk	Financial instruments whose contract amounts represent credit risk are as follows at December 31, 2020 and 2019: (In Thousands) 2020 2019 Commitments to extend credit $ 198,512 $ 187,778 Standby letters of credit 10,120 9,638 Credit exposure from the sale of assets with recourse 9,182 6,826

CAPITAL REQUIREMENTS (Tables)

CAPITAL REQUIREMENTS (Tables)	12 Months Ended
	Dec. 31, 2020
Banking and Thrift [Abstract]
Schedule of the Company's and the Bank's Actual Capital Ratios Showing that both met all Regulatory Capital Requirements	The Corporation’s and the Banks' actual capital ratios (using the definitions from the prompt corrective action rules) are presented in the following tables, which shows that the Corporation and both Banks met all regulatory capital requirements. Consolidated Corporation 2020 2019 (In Thousands) Amount Ratio Amount Ratio Common Equity Tier I Capital (to Risk-weighted Assets) Actual $ 147,887 11.267 % $ 140,372 10.674 % For Capital Adequacy Purposes 59,066 4.500 % 59,179 4.500 % Minimum To Maintain Capital Conservation Buffer 91,880 7.000 % 92,056 7.000 % To Be Well Capitalized 85,317 6.500 % 85,480 6.500 % Total Capital (to Risk-weighted Assets) Actual $ 159,490 12.151 % $ 149,748 11.387 % For Capital Adequacy Purposes 105,005 8.000 % 105,206 8.000 % Minimum To Maintain Capital Conservation Buffer 137,820 10.500 % 138,083 10.500 % To Be Well Capitalized 131,257 10.000 % 131,508 10.000 % Tier I Capital (to Risk-weighted Assets) Actual $ 147,887 11.267 % $ 140,372 10.674 % For Capital Adequacy Purposes 78,754 6.000 % 78,905 6.000 % Minimum To Maintain Capital Conservation Buffer 111,568 8.500 % 111,782 8.500 % To Be Well Capitalized 105,005 8.000 % 105,207 8.000 % Tier I Capital (to Average Assets) Actual $ 147,887 8.436 % $ 140,372 8.514 % For Capital Adequacy Purposes 70,122 4.000 % 65,949 4.000 % To Be Well Capitalized 87,652 5.000 % 82,436 5.000 % Jersey Shore State Bank 2020 2019 (In Thousands) Amount Ratio Amount Ratio Common Equity Tier I Capital (to Risk-weighted Assets) Actual $ 103,812 10.906 % $ 99,317 10.381 % For Capital Adequacy Purposes 42,835 4.500 % 43,052 4.500 % Minimum To Maintain Capital Conservation Buffer 66,632 7.000 % 66,970 7.000 % To Be Well Capitalized 61,872 6.500 % 62,187 6.500 % Total Capital (to Risk-weighted Assets) Actual $ 112,862 11.857 % $ 106,093 11.089 % For Capital Adequacy Purposes 76,149 8.000 % 76,539 8.000 % Minimum To Maintain Capital Conservation Buffer 99,945 10.500 % 100,458 10.500 % To Be Well Capitalized 95,186 10.000 % 95,674 10.000 % Tier I Capital (to Risk-weighted Assets) Actual $ 103,812 10.906 % $ 99,317 10.381 % For Capital Adequacy Purposes 57,113 6.000 % 57,403 6.000 % Minimum To Maintain Capital Conservation Buffer 80,910 8.500 % 81,321 8.500 % To Be Well Capitalized 76,150 8.000 % 76,538 8.000 % Tier I Capital (to Average Assets) Actual $ 103,812 8.062 % $ 99,317 8.191 % For Capital Adequacy Purposes 51,507 4.000 % 48,501 4.000 % To Be Well Capitalized 64,384 5.000 % 60,626 5.000 % Luzerne Bank 2020 2019 (In Thousands) Amount Ratio Amount Ratio Common Equity Tier I Capital (to Risk-weighted Assets) Actual $ 40,206 11.156 % $ 38,340 10.577 % For Capital Adequacy Purposes 16,218 4.500 % 16,312 4.500 % Minimum To Maintain Capital Conservation Buffer 25,228 7.000 % 25,374 7.000 % To Be Well Capitalized 23,426 6.500 % 23,562 6.500 % Total Capital (to Risk-weighted Assets) Actual $ 42,759 11.865 % $ 40,940 11.295 % For Capital Adequacy Purposes 28,830 8.000 % 28,997 8.000 % Minimum To Maintain Capital Conservation Buffer 37,840 10.500 % 38,058 10.500 % To Be Well Capitalized 36,038 10.000 % 36,246 10.000 % Tier I Capital (to Risk-weighted Assets) Actual $ 40,206 11.156 % $ 38,340 10.577 % For Capital Adequacy Purposes 21,624 6.000 % 21,749 6.000 % Minimum To Maintain Capital Conservation Buffer 30,634 8.500 % 30,811 8.500 % To Be Well Capitalized 28,832 8.000 % 28,999 8.000 % Tier I Capital (to Average Assets) Actual $ 40,206 7.860 % $ 38,340 8.653 % For Capital Adequacy Purposes 20,461 4.000 % 17,723 4.000 % To Be Well Capitalized 25,576 5.000 % 22,154 5.000 %

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of Assets Reported on the Balance Sheet at their Fair Value on a Recurring Basis	The following table presents the assets reported on the balance sheet at their fair value on a recurring basis as of December 31, 2020 and 2019, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. 2020 (In Thousands) Level I Level II Level III Total Assets measured on a recurring basis: Investment securities, available for sale: Mortgage-backed securities $ — $ 2,141 $ — $ 2,141 State and political securities — 108,013 — 108,013 Other debt securities — 52,107 — 52,107 Investment equity securities: Other equity securities 1,288 — — 1,288 Investment securities, trading: Other equity securities 40 — — 40 2019 (In Thousands) Level I Level II Level III Total Assets measured on a recurring basis: Investment securities, available for sale: Mortgage-backed securities $ — $ 4,966 $ — $ 4,966 State and political securities — 82,286 — 82,286 Other debt securities — 61,367 — 61,367 Investment equity securities: Other equity securities 1,261 — — 1,261 Investment securities, trading: Other equity securities 51 — — 51
Schedule of Assets Reported on the Consolidated Balance Sheet at their fair value on a non-recurring basis	The following table presents the assets reported on the balance sheet at their fair value on a non-recurring basis as of December 31, 2020 and 2019, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. 2020 (In Thousands) Level I Level II Level III Total Assets measured on a non-recurring basis: Impaired loans $ — $ — $ 15,648 $ 15,648 Other real estate owned — — 401 401 2019 (In Thousands) Level I Level II Level III Total Assets measured on a non-recurring basis: Impaired loans $ — $ — $ 15,854 $ 15,854 Other real estate owned — — 413 413
Schedule of Listing of Significant Unobservable Inputs used in the Fair Value Measurement Process for Items Valued Utilizing Level III techniques	The following table provides a listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques as of December 31, 2020 and 2019: 2020 Quantitative Information About Level III Fair Value Measurements (In Thousands) Fair Value Valuation Technique(s) Unobservable Inputs Range Weighted Average Impaired loans $ 8,624 Discounted cash flow Temporary reduction in payment amount 17% to (63)% (18)% Probability of default —% 7,024 Appraisal of collateral (1) Appraisal adjustments (1) 0 to (30)% (8)% Other real estate owned $ 401 Appraisal of collateral (1) Appraisal adjustments (1) (20)% (20)% 2019 Quantitative Information About Level III Fair Value Measurements (In Thousands) Fair Value Valuation Technique(s) Unobservable Inputs Range Weighted Average Impaired loans $ 6,950 Discounted cash flow Temporary reduction in payment amount 17% to (59)% (24)% Probability of default —% 8,904 Appraisal of collateral (1) Appraisal adjustments (1) 0 to (30)% (9)% Other real estate owned $ 413 Appraisal of collateral (1) Appraisal adjustments (1) (20)% (20)% (1) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of Fair Values of Financial Instruments	The fair values of the Corporation’s financial instruments not required to be measured or reported at fair value are as follows at December 31, 2020 and 2019: Fair Value Measurements at December 31, 2020 (In Thousands) Carrying Value Fair Value Quoted Prices in Active Markets for Identical Assets (Level I) Significant Other Observable Inputs (Level II) Significant Unobservable Inputs Financial assets: Cash and cash equivalents (1) $ 213,358 $ 213,358 $ 213,358 $ — $ — Restricted investment in bank stock (1) 15,377 15,377 15,377 — — Loans held for sale (1) 5,239 5,239 5,239 — — Loans, net 1,330,524 1,339,993 — — 1,339,993 Bank-owned life insurance (1) 33,638 33,638 33,638 — — Accrued interest receivable (1) 8,394 8,394 8,394 — — Financial liabilities: Interest-bearing deposits $ 1,045,086 $ 1,048,281 $ 781,441 $ — $ 266,840 Noninterest-bearing deposits (1) 449,357 449,357 449,357 — — Short-term borrowings (1) 5,244 5,244 5,244 — — Long-term borrowings 153,475 159,575 — — 159,575 Accrued interest payable (1) 1,112 1,112 1,112 — — 1) The financial instrument is carried at cost at December 31, 2020, which approximate the fair value of the instruments Fair Value Measurements at December 31, 2019 (In Thousands) Carrying Value Fair Value Quoted Prices in Active Markets for Identical Assets (Level I) Significant Other Observable Inputs (Level II) Significant Unobservable Inputs (Level III) Financial assets: Cash and cash equivalents (1) $ 48,589 $ 48,589 $ 48,589 $ — $ — Restricted investment in bank stock (1) 13,528 13,528 13,528 — — Loans held for sale (1) 4,232 4,232 4,232 — — Loans, net 1,343,650 1,346,395 — — 1,346,395 Bank-owned life insurance (1) 29,253 29,253 29,253 — — Accrued interest receivable (1) 5,246 5,246 5,246 — — Financial liabilities: Interest-bearing deposits $ 989,259 $ 990,747 $ 611,374 $ — $ 379,373 Noninterest-bearing deposits (1) 334,746 334,746 334,746 — — Short-term borrowings (1) 4,920 4,920 4,920 — — Long-term borrowings 161,920 163,931 — — 163,931 Accrued interest payable (1) 1,671 1,671 1,671 — — (1) The financial instrument is carried at cost at December 31, 2019, which approximate the fair value of the instruments

PARENT COMPANY ONLY FINANCIAL_2

PARENT COMPANY ONLY FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]
Condensed Balance Sheet	CONDENSED BALANCE SHEET, DECEMBER 31, (In Thousands) 2020 2019 ASSETS: Cash $ 1,397 $ 287 Investment in subsidiaries: Bank 160,273 152,244 Non-bank 1,558 2,027 Other assets 1,030 574 Total Assets $ 164,258 $ 155,132 LIABILITIES AND SHAREHOLDERS’ EQUITY: Other liabilities $ 116 $ 172 Shareholders’ equity 164,142 154,960 Total liability and shareholders’ equity $ 164,258 $ 155,132
Condensed Income Statement	CONDENSED STATEMENT OF INCOME FOR THE YEARS ENDED DECEMBER 31, (In Thousands) 2020 2019 2018 Operating income: Dividends from subsidiaries $ 11,276 $ 10,326 $ 9,091 Equity in undistributed earnings of subsidiaries 5,684 6,906 6,973 Operating expenses (1,754) (1,560) (1,360) Net income $ 15,206 $ 15,672 $ 14,704 Comprehensive income $ 17,101 $ 19,531 $ 13,579
Condensed Cash Flow Statement	CONDENSED STATEMENT OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, (In Thousands) 2020 2019 2018 OPERATING ACTIVITIES: Net income $ 15,206 $ 15,672 $ 14,704 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of subsidiaries (5,684) (6,906) (6,973) Other, net (494) (269) 619 Net cash provided by operating activities 9,028 8,497 8,350 INVESTING ACTIVITIES: Investments in subsidiaries — (350) — FINANCING ACTIVITIES: Dividends paid (9,020) (8,876) (8,818) Issuance of common stock 1,102 769 583 Net cash used for financing activities (7,918) (8,107) (8,235) NET INCREASE IN CASH 1,110 40 115 CASH, BEGINNING OF YEAR 287 247 132 CASH, END OF YEAR $ 1,397 $ 287 $ 247

CONSOLIDATED QUARTERLY FINANC_2

CONSOLIDATED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Schedule of Consolidated Quarterly Financial Data	(In Thousands, Except Per Share Data) For the Three Months Ended 2020 March 31, June 30, Sept. 30, Dec. 31, Interest income $ 16,161 $ 16,044 $ 15,387 $ 15,046 Interest expense 4,000 3,794 3,542 3,079 Net interest income 12,161 12,250 11,845 11,967 Provision for loan losses 750 645 645 585 Non-interest income, excluding securities gains 2,409 2,423 3,024 2,701 Securities gains, net 28 198 1,011 374 Non-interest expense 10,110 9,611 9,707 9,640 Income before income tax provision 3,738 4,615 5,528 4,817 Income tax provision 661 851 1,051 911 Consolidated net income $ 3,077 $ 3,764 $ 4,477 $ 3,906 Earnings per share - basic $ 0.44 $ 0.53 $ 0.63 $ 0.56 Earnings per share - diluted $ 0.44 $ 0.53 $ 0.63 $ 0.56 (In Thousands, Except Per Share Data) For the Three Months Ended 2019 March 31, June 30, Sept. 30, Dec. 31, Interest income $ 16,434 $ 16,841 $ 17,084 $ 16,415 Interest expense 3,756 3,928 4,181 4,094 Net interest income 12,678 12,913 12,903 12,321 Provision for loan losses 360 315 360 1,700 Non-interest income, excluding securities gains 2,188 2,492 2,652 2,418 Securities gains (losses), net 66 (23) 170 489 Non-interest expense 9,814 10,059 9,541 10,294 Income before income tax provision 4,758 5,008 5,824 3,234 Income tax provision 812 759 1,170 397 Consolidated net income $ 3,946 $ 4,249 $ 4,654 $ 2,837 Earnings per share - basic $ 0.56 $ 0.61 $ 0.66 $ 0.40 Earnings per share - diluted $ 0.56 $ 0.60 $ 0.65 $ 0.39

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	12 Months Ended
	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Gross Interchange and Debit Card Transaction Fees Net Network Costs	The below table compares gross interchange and debit card transaction fees net network costs for 2020, 2019, and 2018: (In Thousands) 2020 2019 2018 Debit card transaction fees $ 1,775 $ 1,876 $ 2,117 Other processing service fees 306 282 275 Gross interchange and card based transaction fees 2,081 2,158 2,392 Network costs 801 780 858 Net interchange and card based transaction fees $ 1,280 $ 1,378 $ 1,534

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Schedule of Assets and Liabilities	The following table shows finance lease right of use assets and finance lease liabilities as of December 31, 2020: (In Thousands) Statement of Financial Condition classification December 31, 2020 December 31, 2019 Finance lease right of use assets Premises and equipment, net $ 5,257 $ 5,456 Finance lease liabilities Long-term borrowings 5,475 5,587
Schedule of Lease Cost, Term and Discount Rate	The following table shows the components of finance and operating lease expense for the year ended December 31, 2020. (In Thousands) 2020 2019 Finance Lease Cost: Amortization of right-of-use asset $ 199 $ 254 Interest expense 212 224 Operating lease cost 318 393 Total Lease Cost $ 729 $ 871 The following table shows the weighted average remaining lease term and weighted average discount rate for both operating and finance leases outstanding as of December 31, 2020. Operating Finance Weighted-average term (years) 17.5 27.2 Weighted-average discount rate 3.47 % 3.76 %
Schedule of Operating Lease Liabillity Maturities	A maturity analysis of operating and finance lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows: (In Thousands) Operating Finance 2021 $ 291 $ 282 2022 298 283 2023 273 284 2024 262 290 2025 265 300 2026 and thereafter 2,911 7,704 Total undiscounted cash flows 4,300 9,143 Discount on cash flows (1,125) (3,668) Total lease liability $ 3,175 $ 5,475
Schedule of Finance Lease Liabillity Maturities	A maturity analysis of operating and finance lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows: (In Thousands) Operating Finance 2021 $ 291 $ 282 2022 298 283 2023 273 284 2024 262 290 2025 265 300 2026 and thereafter 2,911 7,704 Total undiscounted cash flows 4,300 9,143 Discount on cash flows (1,125) (3,668) Total lease liability $ 3,175 $ 5,475

OPERATIONS AND SUMMARY OF SIG_3

OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Principles of Consolidation, Nature of Business, Loan Charge-off Policies, and Loans Held for Sale (Details)	12 Months Ended
	Dec. 31, 2020officesegment
Loans held for sale
Number of offices (in offices) | office	27
Number of reportable segments (in segments) | segment	1
Number of days loan is past due unless both well secured and in process of collection	180 days
United Solutions LLC
Loans held for sale
Partnership, ownership interest	80.00%

OPERATIONS AND SUMMARY OF SIG_4

OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Premises and Equipment, Goodwill, Intangible Assets, and Investments in Limited Partnerships (Details)	12 Months Ended
	Dec. 31, 2020USD ($)partnershipbusiness	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment loss	$ 0	$ 0	$ 0
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number of partnerships held by entity | partnership	1
Investment in Low Income Housing Limited Partnerships	$ 3,944,000	597,000
Tax credit receipt period over which investment in the partnership entered into after 2004 are being fully amortized	10 years
Furniture, fixtures, and equipment | Minimum
Premises and equipment
Estimated useful lives (in years)	5 years
Furniture, fixtures, and equipment | Maximum
Premises and equipment
Estimated useful lives (in years)	10 years
Buildings and improvements | Minimum
Premises and equipment
Estimated useful lives (in years)	15 years
Buildings and improvements | Maximum
Premises and equipment
Estimated useful lives (in years)	40 years
Disposal Group, Disposed of by Means Other than Sale, Not Discontinued Operations
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Investment in Low Income Housing Limited Partnerships		33,000
Amortization of investment in low income housing limited partnerships	$ 33,000	$ 184,000	$ 184,000
Luzerne National Bank Corporation
Finite-Lived Intangible Assets [Line Items]
Intangible assets net	156,000
Accumulated amortization	$ 1,859,000
Useful life (in years)	10 years
Acquisition of Businesses Related to Investment Product Sales
Finite-Lived Intangible Assets [Line Items]
Intangible assets net	$ 515,000
Accumulated amortization	$ 505,000
Useful life (in years)	10 years
Number of businesses acquired | business	2

OPERATIONS AND SUMMARY OF SIG_5

OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - The M Group Products and Income Recognition (Details) - The M Group	12 Months Ended
	Dec. 31, 2020
The M Group products and income recognition
Term life insurance policies, term one (in years)	10 years
Term life insurance policies, term two (in years)	15 years
Term life insurance policies, term three (in years)	20 years
Term life insurance policies, term four (in years)	30 years
Term for which majority of the term life insurance policies are written (in years)	20 years

OPERATIONS AND SUMMARY OF SIG_6

OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Stock Split (Details)	Sep. 30, 2019	Dec. 31, 2020$ / shares	Sep. 30, 2020$ / shares	Dec. 31, 2019$ / shares
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Common stock, par value (in dollars per share)		$ 5.55	$ 5.55	$ 5.55
COMMON STOCK
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stock split conversion ratio	1.5

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Changes in Accumulated Other Comprehensive Income (Loss) by Component (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Increase (Decrease) in Shareholders' Equity
Beginning balance	$ 154,982	$ 143,544	$ 138,194
Ending balance	164,146	154,982	143,544
Cumulative Effect, Period Of Adoption, Adjustment
Increase (Decrease) in Shareholders' Equity
Beginning balance			0
Net Unrealized Gain (Loss)  on Available for Sale Securities*
Increase (Decrease) in Shareholders' Equity
Beginning balance	2,455	(1,360)	(54)
Other comprehensive income (loss) before reclassifications	3,517	4,321	(806)
Amounts reclassified from accumulated other comprehensive (loss) income	(1,258)	(506)	37
Total other comprehensive income (loss)	2,259	3,815	(769)
Ending balance	4,714	2,455	(1,360)
Defined Benefit  Plan*
Increase (Decrease) in Shareholders' Equity
Beginning balance	(5,232)	(5,276)	(4,920)
Other comprehensive income (loss) before reclassifications	(510)	(104)	(486)
Amounts reclassified from accumulated other comprehensive (loss) income	146	148	130
Total other comprehensive income (loss)	(364)	44	(356)
Ending balance	(5,596)	(5,232)	(5,276)
Total*
Increase (Decrease) in Shareholders' Equity
Beginning balance	(2,777)	(6,636)	(4,974)
Other comprehensive income (loss) before reclassifications	3,007	4,217	(1,292)
Amounts reclassified from accumulated other comprehensive (loss) income	(1,112)	(358)	167
Total other comprehensive income (loss)	1,895	3,859	(1,125)
Ending balance	(882)	(2,777)	(6,636)
Total* | Cumulative Effect, Period Of Adoption, Adjustment
Increase (Decrease) in Shareholders' Equity
Beginning balance			(537)
Accounting Standards Update 2016-01 | Net Unrealized Gain (Loss)  on Available for Sale Securities* | Cumulative Effect, Period Of Adoption, Adjustment
Increase (Decrease) in Shareholders' Equity
Beginning balance	0	(537)
Ending balance	0	0	(537)
Accounting Standards Update 2016-01 | Defined Benefit  Plan* | Cumulative Effect, Period Of Adoption, Adjustment
Increase (Decrease) in Shareholders' Equity
Beginning balance	0	0
Ending balance	0	0	0
Accounting Standards Update 2016-01 | Total* | Cumulative Effect, Period Of Adoption, Adjustment
Increase (Decrease) in Shareholders' Equity
Beginning balance	0	(537)
Ending balance	$ 0	$ 0	$ (537)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Reclassifications out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net debt securities gains (losses), available for sale									$ 1,592	$ 640	$ (47)
Income tax effect	$ (911)	$ (1,051)	$ (851)	$ (661)	$ (397)	$ (1,170)	$ (759)	$ (812)	(3,474)	(3,138)	(2,819)
Net unrecognized pension expense									(5,319)	(5,210)	(5,247)
NET INCOME ATTRIBUTABLE TO PENNS WOODS BANCORP, INC.									15,206	15,672	14,704
Amount Reclassified from Accumulated Other Comprehensive Income | Net unrealized gain (loss) on available for sale securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net debt securities gains (losses), available for sale									1,592	640	(47)
Income tax effect									(334)	(134)	10
NET INCOME ATTRIBUTABLE TO PENNS WOODS BANCORP, INC.									1,258	506	(37)
Amount Reclassified from Accumulated Other Comprehensive Income | Defined benefit plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income tax effect									39	39	35
Net unrecognized pension expense									(185)	(187)	(165)
NET INCOME ATTRIBUTABLE TO PENNS WOODS BANCORP, INC.									$ (146)	$ (148)	$ (130)

PER SHARE DATA (Details)

PER SHARE DATA (Details) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Aug. 27, 2015
Earnings Per Share [Abstract]
Weighted average common shares issued (in shares)	7,524,767	7,518,939	7,515,606
Average treasury stock shares (in shares)	(480,225)	(480,225)	(480,225)
Weighted average number of shares outstanding, basic (in shares)	7,044,542	7,038,714	7,035,381
Dilutive effect of outstanding stock options (in shares)	0	74,625	0
Weighted average number of shares outstanding, diluted (in shares)	7,044,542	7,113,339	7,035,381
Options outstanding (in shares)	841,275	625,800	395,550	140,250	34,125
Share price (in dollars per share)	$ 28.17	$ 29.29	$ 30.08	$ 29.06

INVESTMENT SECURITIES - Amortiz

INVESTMENT SECURITIES - Amortized Cost and Fair Values of Investment Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Available for sale (AFS):
Amortized Cost	$ 156,294
Fair Value	162,261	$ 148,619
Investment equity securities:
Fair Value	1,288	1,261
Trading:
Fair Value	(40)	(51)
Mortgage-backed securities
Available for sale (AFS):
Amortized Cost	2,118	4,956
Gross Unrealized Gains	23	56
Gross Unrealized Losses	0	(46)
Fair Value	2,141	4,966
State and political securities
Available for sale (AFS):
Amortized Cost	102,690	79,064
Gross Unrealized Gains	5,382	3,299
Gross Unrealized Losses	(59)	(77)
Fair Value	108,013	82,286
Other debt securities
Available for sale (AFS):
Amortized Cost	51,486	61,492
Gross Unrealized Gains	828	401
Gross Unrealized Losses	(207)	(526)
Fair Value	52,107	61,367
Total debt securities
Available for sale (AFS):
Amortized Cost	156,294	145,512
Gross Unrealized Gains	6,233	3,756
Gross Unrealized Losses	(266)	(649)
Fair Value	162,261	148,619
Other equity securities
Investment equity securities:
Amortized Cost	1,300	1,300
Gross Unrealized Gains	10	0
Gross Unrealized Losses	(22)	(39)
Fair Value	1,288	1,261
Total equity securities
Investment equity securities:
Amortized Cost	1,300	1,300
Gross Unrealized Gains	10	0
Gross Unrealized Losses	(22)	(39)
Fair Value	1,288	1,261
Other equity securities
Trading:
Amortized Cost	50	50
Gross Unrealized Gains	0	3
Gross Unrealized Losses	(10)	(2)
Fair Value	(40)	(51)
Trading investment equity securities
Trading:
Amortized Cost	50	50
Gross Unrealized Gains	0	3
Gross Unrealized Losses	(10)	(2)
Fair Value	$ (40)	$ (51)

INVESTMENT SECURITIES - Gross U

INVESTMENT SECURITIES - Gross Unrealized Gains (Losses) and Fair Value by Investment Category and Length of Time (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Mortgage-backed securities
Investment securities
Fair value, less than twelve months		$ 0
Gross unrealized losses, less than twelve months		0
Fair value, twelve months or greater		2,115
Gross unrealized losses, twelve months or greater		(46)
Fair value, total		2,115
Gross unrealized losses, total		(46)
State and political securities
Investment securities
Fair value, less than twelve months	$ 12,311	7,958
Gross unrealized losses, less than twelve months	(51)	(40)
Fair value, twelve months or greater	900	224
Gross unrealized losses, twelve months or greater	(8)	(37)
Fair value, total	13,211	8,182
Gross unrealized losses, total	(59)	(77)
Other debt securities
Investment securities
Fair value, less than twelve months	5,964	13,373
Gross unrealized losses, less than twelve months	(74)	(216)
Fair value, twelve months or greater	4,429	14,258
Gross unrealized losses, twelve months or greater	(133)	(310)
Fair value, total	10,393	27,631
Gross unrealized losses, total	(207)	(526)
Total debt securities
Investment securities
Fair value, less than twelve months	18,275	21,331
Gross unrealized losses, less than twelve months	(125)	(256)
Fair value, twelve months or greater	5,329	16,597
Gross unrealized losses, twelve months or greater	(141)	(393)
Fair value, total	23,604	37,928
Gross unrealized losses, total	$ (266)	$ (649)

INVESTMENT SECURITIES - Narrati

INVESTMENT SECURITIES - Narrative (Details)	12 Months Ended
	Dec. 31, 2020USD ($)security	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Investments, Debt and Equity Securities [Abstract]
Number of individual securities that were in a continuous unrealized loss position for less than twelve months | security	28
Number of individual securities that were in a continuous unrealized loss position for greater than twelve months | security	6
Gross proceeds from sales of securities	$ 20,767,000	$ 23,799,000	$ 19,296,000
Impairment charges	0	0	$ 0
Carrying value of investment securities pledged	111,247,000	74,163,000
Investment equity securities, at fair value	$ 1,288,000	$ 1,261,000

INVESTMENT SECURITIES - Amort_2

INVESTMENT SECURITIES - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Amortized Cost
Due in one year or less	$ 13,518
Due after one year to five years	70,187
Due after five years to ten years	60,896
Due after ten years	11,693
Amortized Cost	156,294
Fair Value
Due in one year or less	13,490
Due after one year to five years	71,674
Due after five years to ten years	65,102
Due after ten years	11,995
Fair value - total	$ 162,261	$ 148,619

INVESTMENT SECURITIES - Realize

INVESTMENT SECURITIES - Realized Gains and Losses on Sales of Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Gross realized gains and losses
Debt securities, available-for-sale, gross realized gains	$ 1,615	$ 657	$ 49
Debt securities, available-for-sale, gross realized losses	23	17	96
Equity securities, gross realized gains	0	52	0
Equity securities, gross realized losses	0	0	0
U.S. Government and agency securities
Gross realized gains and losses
Debt securities, available-for-sale, gross realized gains	0	0	0
Debt securities, available-for-sale, gross realized losses	0	0	0
Mortgage-backed securities
Gross realized gains and losses
Debt securities, available-for-sale, gross realized gains	83	0	27
Debt securities, available-for-sale, gross realized losses	0	1	0
State and political securities
Gross realized gains and losses
Debt securities, available-for-sale, gross realized gains	978	544	19
Debt securities, available-for-sale, gross realized losses	23	11	86
Other debt securities
Gross realized gains and losses
Debt securities, available-for-sale, gross realized gains	554	113	3
Debt securities, available-for-sale, gross realized losses	0	5	10
Financial institution equity securities
Gross realized gains and losses
Equity securities, gross realized gains	0	52	0
Equity securities, gross realized losses	0	0	0
Other equity securities
Gross realized gains and losses
Equity securities, gross realized gains	0	0	0
Equity securities, gross realized losses	$ 0	$ 0	$ 0

INVESTMENT SECURITIES - Unreali

INVESTMENT SECURITIES - Unrealized and Realized Gains and Losses Recognized in Net Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Equity Securities, FV-NI, Gain (Loss) [Abstract]
Net gain recognized in equity securities during the period	$ 27	$ 89	$ (170)
Less: Net gains realized on the sale of equity securities during the period	0	52
Unrealized gain recognized in equity securities held at reporting date	27	37
Debt Securities, Trading, Gain (Loss) [Abstract]
Net gain (losses) on sales transaction	0	5	(6)
Net mark-to-market (losses) gains	(11)	14	9
Net (loss) gain on trading account securities	$ (11)	$ 19	$ 3

FEDERAL HOME LOAN BANK STOCK (D

FEDERAL HOME LOAN BANK STOCK (Details)	Dec. 31, 2020$ / shares
Federal Home Loan Banks [Abstract]
FHLB stock (in dollars per share)	$ 100

LOAN CREDIT QUALITY AND RELAT_3

LOAN CREDIT QUALITY AND RELATED ALLOWANCE FOR LOAN LOSSES - Narrative (Details)	12 Months Ended
	Dec. 31, 2020USD ($)contractcategoryclassloancomponentapplication	Dec. 31, 2019USD ($)loancontract
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum amount to evaluate individual loans for possible impairment	$ 100,000
Maximum amount to evaluate individual loans for possible impairment on a case by case basis	$ 100,000
Payment delays period up to which loans are not classified as impaired, maximum (in days)	90 days
Impaired financing receivable commitment to lend	$ 5,000
Period to classify TDR non performing loans to performing (in months)	6 months
Number of TDRs granted | loan	5	5
Number of loan modifications considered TDRs (in contracts) | contract	0	3
Number of categories, internal risk rating to monitor credit quality (in categories) | category	10
Number of categories considered not criticized and rated as Pass | category	6
Minimum period after which loans are considered as substandard (in days)	90 days
Minimum amount after which external annual loan review is performed	$ 1,750,000
Number of components that represents the allowance for loan losses | component	2
Number of classes that groups of loans are collectively evaluated for impairment | class	2
Period considered for quarter moving average which used in calculating historical charge off (in months)	36 months
Adjustment of period considered for quarter moving average which used in calculating historical charge off (in months)	12 months
Amount of foreclosed residential real estate held	$ 614,000	$ 493,000
Consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process	$ 51,000	$ 32,000
Number of loan modifications (in contracts) | contract	5	5
Loans	$ 1,344,327,000	$ 1,355,544,000
COVID-19 Modifications
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loan modifications (in contracts) | contract	1,336
Loans	$ 173,200,000
Number of remaining loan modifications (in contracts) | contract	37
Loan modifications	$ 7,089,000
Payment Protection Program
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 14,211,000
Number of loan applications (in applications) | application	226
Payment Concession
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of TDRs granted | loan	4	1
Amount of TDRs granted	$ 1,231,000	$ 2,167,000
Rate Concession
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of TDRs granted | loan	1	4
Amount of TDRs granted	$ 1,060,000	$ 4,062,000
Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of categories in which real estate loans are segmented | category	3

LOAN CREDIT QUALITY AND RELAT_4

LOAN CREDIT QUALITY AND RELATED ALLOWANCE FOR LOAN LOSSES - Aging Categories of Loans by Segment (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Aging categories of loans by segment
Current	$ 1,323,782	$ 1,334,612
Past Due 30 To 89 Days	9,188	7,324
Past Due 90 Days Or More & Still Accruing	1,212	2,047
Non-Accrual	9,122	10,374
Total ending loans balance	1,343,304	1,354,357
Net deferred loan fees and discounts	1,023	1,187
Allowance for loan losses	(13,803)	(11,894)	$ (13,837)	$ (12,858)
Current loans, net	1,311,002	1,323,905
Loans, net	1,330,524	1,343,650
Commercial, financial, and agricultural
Aging categories of loans by segment
Current	163,583	153,737
Past Due 30 To 89 Days	247	249
Past Due 90 Days Or More & Still Accruing	48	30
Non-Accrual	865	2,197
Total ending loans balance	164,743	156,213
Allowance for loan losses	(1,936)	(1,779)	(1,680)	(1,177)
Real estate mortgage | Residential
Aging categories of loans by segment
Current	580,292	615,580
Past Due 30 To 89 Days	6,386	4,881
Past Due 90 Days Or More & Still Accruing	983	1,529
Non-Accrual	2,060	1,266
Total ending loans balance	589,721	623,256
Allowance for loan losses	(4,460)	(4,306)	(5,616)	(5,679)
Real estate mortgage | Commercial
Aging categories of loans by segment
Current	366,363	355,597
Past Due 30 To 89 Days	533	775
Past Due 90 Days Or More & Still Accruing	150	164
Non-Accrual	6,142	6,725
Total ending loans balance	373,188	363,261
Allowance for loan losses	(3,635)	(3,210)	(4,047)	(4,277)
Real estate mortgage | Construction Loans
Aging categories of loans by segment
Current	38,587	37,871
Past Due 30 To 89 Days	667	131
Past Due 90 Days Or More & Still Accruing	0	0
Non-Accrual	55	65
Total ending loans balance	39,309	38,067
Allowance for loan losses	(134)	(118)	(143)	(155)
Consumer automobile loans
Aging categories of loans by segment
Current	155,472	149,703
Past Due 30 To 89 Days	900	709
Past Due 90 Days Or More & Still Accruing	31	0
Non-Accrual	0	105
Total ending loans balance	156,403	150,517
Allowance for loan losses	(1,906)	(1,780)	(1,328)	(804)
Other consumer installment loans
Aging categories of loans by segment
Current	19,485	22,124
Past Due 30 To 89 Days	455	579
Past Due 90 Days Or More & Still Accruing	0	324
Non-Accrual	0	16
Total ending loans balance	19,940	23,043
Allowance for loan losses	$ (261)	$ (278)	$ (259)	$ (271)

LOAN CREDIT QUALITY AND RELAT_5

LOAN CREDIT QUALITY AND RELATED ALLOWANCE FOR LOAN LOSSES - Interest Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Income That Would Have Been Recorded Based on Original Term and Rate	$ 111	$ 679	$ 830
Interest Income Recorded on a Cash Basis	28	54	545
Commercial, financial, and agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Income That Would Have Been Recorded Based on Original Term and Rate	29	166	289
Interest Income Recorded on a Cash Basis	0	2	235
Real estate mortgage | Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Income That Would Have Been Recorded Based on Original Term and Rate	21	158	123
Interest Income Recorded on a Cash Basis	28	33	88
Real estate mortgage | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Income That Would Have Been Recorded Based on Original Term and Rate	60	333	405
Interest Income Recorded on a Cash Basis	0	8	212
Real estate mortgage | Construction Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Income That Would Have Been Recorded Based on Original Term and Rate	1	4	5
Interest Income Recorded on a Cash Basis	0	0	4
Consumer automobile loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Income That Would Have Been Recorded Based on Original Term and Rate	0	16	7
Interest Income Recorded on a Cash Basis	0	10	5
Other consumer installment loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Income That Would Have Been Recorded Based on Original Term and Rate	0	2	1
Interest Income Recorded on a Cash Basis	$ 0	$ 1	$ 1

LOAN CREDIT QUALITY AND RELAT_6

LOAN CREDIT QUALITY AND RELATED ALLOWANCE FOR LOAN LOSSES - Recorded Investment, Unpaid Principal Balance, Related Allowance of Impaired Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Credit Quality and Related Allowance for Loan Losses
Recorded investment, with no related allowance recorded	$ 12,366	$ 12,393
Recorded investment, with an allowance recorded	4,317	4,854
Recorded Investment	16,683	17,247
Unpaid principal balance, with no related allowance recorded	15,153	15,180
Unpaid principal balance, with an allowance recorded	4,317	4,936
Unpaid Principal Balance	19,470	20,116
Related Allowance	1,035	1,393
Commercial, financial, and agricultural
Credit Quality and Related Allowance for Loan Losses
Recorded investment, with no related allowance recorded	865	2,285
Recorded investment, with an allowance recorded	0	0
Recorded Investment	865	2,285
Unpaid principal balance, with no related allowance recorded	3,652	5,072
Unpaid principal balance, with an allowance recorded	0	0
Unpaid Principal Balance	3,652	5,072
Related Allowance	0	0
Real estate mortgage | Residential
Credit Quality and Related Allowance for Loan Losses
Recorded investment, with no related allowance recorded	5,023	5,008
Recorded investment, with an allowance recorded	1,294	1,168
Recorded Investment	6,317	6,176
Unpaid principal balance, with no related allowance recorded	5,023	5,008
Unpaid principal balance, with an allowance recorded	1,294	1,200
Unpaid Principal Balance	6,317	6,208
Related Allowance	224	211
Real estate mortgage | Commercial
Credit Quality and Related Allowance for Loan Losses
Recorded investment, with no related allowance recorded	6,354	5,035
Recorded investment, with an allowance recorded	3,023	3,540
Recorded Investment	9,377	8,575
Unpaid principal balance, with no related allowance recorded	6,354	5,035
Unpaid principal balance, with an allowance recorded	3,023	3,590
Unpaid Principal Balance	9,377	8,625
Related Allowance	811	1,104
Real estate mortgage | Construction
Credit Quality and Related Allowance for Loan Losses
Recorded investment, with no related allowance recorded	124	65
Recorded investment, with an allowance recorded	0	0
Recorded Investment	124	65
Unpaid principal balance, with no related allowance recorded	124	65
Unpaid principal balance, with an allowance recorded	0	0
Unpaid Principal Balance	124	65
Related Allowance	0	0
Consumer automobile loans
Credit Quality and Related Allowance for Loan Losses
Recorded investment, with no related allowance recorded	0	0
Recorded investment, with an allowance recorded	0	130
Recorded Investment	0	130
Unpaid principal balance, with no related allowance recorded	0	0
Unpaid principal balance, with an allowance recorded	0	130
Unpaid Principal Balance	0	130
Related Allowance	0	62
Installment loans to individuals
Credit Quality and Related Allowance for Loan Losses
Recorded investment, with no related allowance recorded	0	0
Recorded investment, with an allowance recorded	0	16
Recorded Investment	0	16
Unpaid principal balance, with no related allowance recorded	0	0
Unpaid principal balance, with an allowance recorded	0	16
Unpaid Principal Balance	0	16
Related Allowance	$ 0	$ 16

LOAN CREDIT QUALITY AND RELAT_7

LOAN CREDIT QUALITY AND RELATED ALLOWANCE FOR LOAN LOSSES - Average Recorded Investment - Impaired Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Credit Quality and Related Allowance for Loan Losses
Average Investment in Impaired Loans	$ 15,446	$ 19,477	$ 15,534
Interest Income Recognized on an Accrual Basis on Impaired Loans	428	263	440
Interest Income Recognized on a Cash Basis on Impaired Loans	19	35	455
Commercial, financial, and agricultural
Credit Quality and Related Allowance for Loan Losses
Average Investment in Impaired Loans	1,653	4,673	2,018
Interest Income Recognized on an Accrual Basis on Impaired Loans	34	5	71
Interest Income Recognized on a Cash Basis on Impaired Loans	0	0	168
Real estate mortgage | Residential
Credit Quality and Related Allowance for Loan Losses
Average Investment in Impaired Loans	5,692	4,902	3,962
Interest Income Recognized on an Accrual Basis on Impaired Loans	234	141	134
Interest Income Recognized on a Cash Basis on Impaired Loans	15	28	87
Real estate mortgage | Commercial
Credit Quality and Related Allowance for Loan Losses
Average Investment in Impaired Loans	7,937	9,757	9,524
Interest Income Recognized on an Accrual Basis on Impaired Loans	158	117	235
Interest Income Recognized on a Cash Basis on Impaired Loans	0	3	194
Real estate mortgage | Construction
Credit Quality and Related Allowance for Loan Losses
Average Investment in Impaired Loans	72	71	15
Interest Income Recognized on an Accrual Basis on Impaired Loans	1	0	0
Interest Income Recognized on a Cash Basis on Impaired Loans	4	0	4
Consumer automobile loans
Credit Quality and Related Allowance for Loan Losses
Average Investment in Impaired Loans	89	62	14
Interest Income Recognized on an Accrual Basis on Impaired Loans	0	0	0
Interest Income Recognized on a Cash Basis on Impaired Loans	0	4	1
Other consumer installment loans
Credit Quality and Related Allowance for Loan Losses
Average Investment in Impaired Loans	3	12	1
Interest Income Recognized on an Accrual Basis on Impaired Loans	1	0	0
Interest Income Recognized on a Cash Basis on Impaired Loans	$ 0	$ 0	$ 1

LOAN CREDIT QUALITY AND RELAT_8

LOAN CREDIT QUALITY AND RELATED ALLOWANCE FOR LOAN LOSSES - Loan Modifications (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)contract	Dec. 31, 2019USD ($)contract
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | contract	5	5
Pre-Modification Outstanding Recorded Investment	$ 2,291	$ 6,229
Post-Modification Outstanding Recorded Investment	$ 2,291	$ 6,229
Number of Contracts | contract	0	3
Recorded Investment		$ 2,300
Commercial, financial, and agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | contract	2	2
Pre-Modification Outstanding Recorded Investment	$ 1,028	$ 1,221
Post-Modification Outstanding Recorded Investment	$ 1,028	$ 1,221
Number of Contracts | contract		2
Recorded Investment		$ 1,218
Real estate mortgage | Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | contract	0	1
Pre-Modification Outstanding Recorded Investment	$ 0	$ 2,166
Post-Modification Outstanding Recorded Investment	$ 0	$ 2,166
Number of Contracts | contract		0
Recorded Investment		$ 0
Real estate mortgage | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | contract	3	2
Pre-Modification Outstanding Recorded Investment	$ 1,263	$ 2,842
Post-Modification Outstanding Recorded Investment	$ 1,263	$ 2,842
Number of Contracts | contract		1
Recorded Investment		$ 1,082
Real estate mortgage | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | contract	0	0
Pre-Modification Outstanding Recorded Investment	$ 0	$ 0
Post-Modification Outstanding Recorded Investment	$ 0	$ 0
Other consumer installment loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | contract	0	0
Pre-Modification Outstanding Recorded Investment	$ 0	$ 0
Post-Modification Outstanding Recorded Investment	$ 0	$ 0

LOAN CREDIT QUALITY AND RELAT_9

LOAN CREDIT QUALITY AND RELATED ALLOWANCE FOR LOAN LOSSES - Loan Modifications Considered TDRs (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020contract	Dec. 31, 2019USD ($)contract
Activity in the allowance
Number of Contracts | contract	0	3
Recorded Investment | $		$ 2,300
Commercial, financial, and agricultural
Activity in the allowance
Number of Contracts | contract		2
Recorded Investment | $		$ 1,218
Real estate mortgage | Residential
Activity in the allowance
Number of Contracts | contract		0
Recorded Investment | $		$ 0
Real estate mortgage | Commercial
Activity in the allowance
Number of Contracts | contract		1
Recorded Investment | $		$ 1,082

LOAN CREDIT QUALITY AND RELA_10

LOAN CREDIT QUALITY AND RELATED ALLOWANCE FOR LOAN LOSSES - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Credit quality categories
Total	$ 1,343,304	$ 1,354,357
Pass
Credit quality categories
Total	1,318,442	1,328,050
Special Mention
Credit quality categories
Total	8,709	10,690
Substandard
Credit quality categories
Total	16,153	15,617
Commercial, financial, and agricultural
Credit quality categories
Total	164,743	156,213
Commercial, financial, and agricultural | Pass
Credit quality categories
Total	162,694	149,349
Commercial, financial, and agricultural | Special Mention
Credit quality categories
Total	180	3,174
Commercial, financial, and agricultural | Substandard
Credit quality categories
Total	1,869	3,690
Consumer automobile
Credit quality categories
Total	156,403	150,517
Consumer automobile | Pass
Credit quality categories
Total	156,403	150,517
Consumer automobile | Special Mention
Credit quality categories
Total	0	0
Consumer automobile | Substandard
Credit quality categories
Total	0	0
Other consumer installment loans
Credit quality categories
Total	19,940	23,043
Other consumer installment loans | Pass
Credit quality categories
Total	19,938	23,039
Other consumer installment loans | Special Mention
Credit quality categories
Total	0	0
Other consumer installment loans | Substandard
Credit quality categories
Total	2	4
Residential | Real estate mortgage
Credit quality categories
Total	589,721	623,256
Residential | Real estate mortgage | Pass
Credit quality categories
Total	584,599	618,350
Residential | Real estate mortgage | Special Mention
Credit quality categories
Total	556	2,436
Residential | Real estate mortgage | Substandard
Credit quality categories
Total	4,566	2,470
Commercial | Real estate mortgage
Credit quality categories
Total	373,188	363,261
Commercial | Real estate mortgage | Pass
Credit quality categories
Total	355,616	348,864
Commercial | Real estate mortgage | Special Mention
Credit quality categories
Total	7,973	5,080
Commercial | Real estate mortgage | Substandard
Credit quality categories
Total	9,599	9,317
Construction | Real estate mortgage
Credit quality categories
Total	39,309	38,067
Construction | Real estate mortgage | Pass
Credit quality categories
Total	39,192	37,931
Construction | Real estate mortgage | Special Mention
Credit quality categories
Total	0	0
Construction | Real estate mortgage | Substandard
Credit quality categories
Total	$ 117	$ 136

LOAN CREDIT QUALITY AND RELA_11

LOAN CREDIT QUALITY AND RELATED ALLOWANCE FOR LOAN LOSSES - Allowance for Credit Losses on Financing Receivables (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Changes in allowance
Beginning Balance	$ 11,894	$ 13,837	$ 12,858
Charge-offs	(971)	(4,957)	(963)
Recoveries	255	279	207
Provision	2,625	2,735	1,735
Ending Balance	13,803	11,894	13,837
Commercial, financial, and agricultural
Changes in allowance
Beginning Balance	1,779	1,680	1,177
Charge-offs	(64)	(2,903)	(82)
Recoveries	36	90	36
Provision	185	2,912	549
Ending Balance	1,936	1,779	1,680
Real estate mortgage | Residential
Changes in allowance
Beginning Balance	4,306	5,616	5,679
Charge-offs	(254)	(347)	(276)
Recoveries	49	6	74
Provision	359	(969)	139
Ending Balance	4,460	4,306	5,616
Real estate mortgage | Commercial
Changes in allowance
Beginning Balance	3,210	4,047	4,277
Charge-offs	(64)	(150)	(56)
Recoveries	0	1	0
Provision	489	(688)	(174)
Ending Balance	3,635	3,210	4,047
Real estate mortgage | Construction
Changes in allowance
Beginning Balance	118	143	155
Charge-offs	0	0	0
Recoveries	11	10	7
Provision	5	(35)	(19)
Ending Balance	134	118	143
Consumer automobile loans
Changes in allowance
Beginning Balance	1,780	1,328	804
Charge-offs	(396)	(329)	(246)
Recoveries	75	79	16
Provision	447	702	754
Ending Balance	1,906	1,780	1,328
Other consumer installment loans
Changes in allowance
Beginning Balance	278	259	271
Charge-offs	(193)	(1,228)	(303)
Recoveries	84	93	74
Provision	92	1,154	217
Ending Balance	261	278	259
Unallocated
Changes in allowance
Beginning Balance	423	764	495
Charge-offs	0	0	0
Recoveries	0	0	0
Provision	1,048	(341)	269
Ending Balance	$ 1,471	$ 423	$ 764

LOAN CREDIT QUALITY AND RELA_12

LOAN CREDIT QUALITY AND RELATED ALLOWANCE FOR LOAN LOSSES - Schedule of Concentration Risk (Details) - Owners of rental properties - Financing receivable	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Residential
Concentration Risk [Line Items]
Concentration of loans (as a percent)	16.57%	15.87%
Commercial
Concentration Risk [Line Items]
Concentration of loans (as a percent)	13.57%	12.39%

LOAN CREDIT QUALITY AND RELA_13

LOAN CREDIT QUALITY AND RELATED ALLOWANCE FOR LOAN LOSSES - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$ 1,035	$ 1,393
Collectively evaluated for impairment	12,768	10,501
Total ending allowance balance	13,803	11,894	$ 13,837	$ 12,858
Loans:
Individually evaluated for impairment	16,683	17,247
Collectively evaluated for impairment	1,326,621	1,337,110
Total ending loans balance	1,343,304	1,354,357
Commercial, financial, and agricultural
Ending allowance balance attributable to loans:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	1,936	1,779
Total ending allowance balance	1,936	1,779	1,680	1,177
Loans:
Individually evaluated for impairment	865	2,285
Collectively evaluated for impairment	163,878	153,928
Total ending loans balance	164,743	156,213
Real estate mortgage | Residential
Ending allowance balance attributable to loans:
Individually evaluated for impairment	224	211
Collectively evaluated for impairment	4,236	4,095
Total ending allowance balance	4,460	4,306	5,616	5,679
Loans:
Individually evaluated for impairment	6,317	6,176
Collectively evaluated for impairment	583,404	617,080
Total ending loans balance	589,721	623,256
Real estate mortgage | Commercial
Ending allowance balance attributable to loans:
Individually evaluated for impairment	811	1,104
Collectively evaluated for impairment	2,824	2,106
Total ending allowance balance	3,635	3,210	4,047	4,277
Loans:
Individually evaluated for impairment	9,377	8,575
Collectively evaluated for impairment	363,811	354,686
Total ending loans balance	373,188	363,261
Real estate mortgage | Construction
Ending allowance balance attributable to loans:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	134	118
Total ending allowance balance	134	118	143	155
Loans:
Individually evaluated for impairment	124	65
Collectively evaluated for impairment	39,185	38,002
Total ending loans balance	39,309	38,067
Consumer automobile loans
Ending allowance balance attributable to loans:
Individually evaluated for impairment	0	62
Collectively evaluated for impairment	1,906	1,718
Total ending allowance balance	1,906	1,780	1,328	804
Loans:
Individually evaluated for impairment	0	130
Collectively evaluated for impairment	156,403	150,387
Total ending loans balance	156,403	150,517
Other consumer installment loans
Ending allowance balance attributable to loans:
Individually evaluated for impairment	0	16
Collectively evaluated for impairment	261	262
Total ending allowance balance	261	278	259	271
Loans:
Individually evaluated for impairment	0	16
Collectively evaluated for impairment	19,940	23,027
Total ending loans balance	19,940	23,043
Unallocated
Ending allowance balance attributable to loans:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	1,471	423
Total ending allowance balance	$ 1,471	$ 423	$ 764	$ 495

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
PREMISES AND EQUIPMENT
Finance lease right-of-use assets	$ 5,257	$ 5,456
Premises and equipment, gross	50,479	48,914
Less accumulated depreciation and amortization	17,777	15,985
Net premises and equipment	32,702	32,929
Depreciation	2,098	2,053	$ 1,789
Land
PREMISES AND EQUIPMENT
Premises and equipment, gross	6,747	6,772
Premises
PREMISES AND EQUIPMENT
Premises and equipment, gross	22,334	21,566
Furniture and equipment
PREMISES AND EQUIPMENT
Premises and equipment, gross	12,443	12,043
Leasehold improvements
PREMISES AND EQUIPMENT
Premises and equipment, gross	$ 3,698	$ 3,077

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLES - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	$ 17,380,000	$ 17,380,000
Accumulated amortization	276,000	276,000
Goodwill	17,104,000	17,104,000
Goodwill impairment loss	0	$ 0	$ 0
Gross carrying amount	671,000
Core Deposit Intangible
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	145,000
Accumulated amortization	1,736,000
Trade Name Intangible
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	11,000
Accumulated amortization	122,000
Book of Business Intangible
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	515,000
Accumulated amortization	$ 505,000

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLES - Future Amortization Expense (Details) $ in Thousands	Dec. 31, 2020USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2021	$ 191
2022	154
2023	117
2024	102
2025	102
2026	5
Total	671
Core Deposit Intangible
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2021	83
2022	48
2023	14
2024	0
2025	0
2026	0
Total	145
Trade Name Intangible
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2021	6
2022	4
2023	1
2024	0
2025	0
2026	0
Total	11
Book of Business Intangible
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2021	102
2022	102
2023	102
2024	102
2025	102
2026	5
Total	$ 515

DEPOSITS - Maturities (Details)

DEPOSITS - Maturities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Banking and Thrift [Abstract]
Time deposits of $250,000 or more	$ 40,241	$ 70,962
Interest expense related to time deposits of $100,000 or more	4,138	4,159	$ 2,238
Scheduled maturities on time deposits of $100,000 or more
Three months or less	16,189
Three months to six months	16,540
Six months to twelve months	48,101
Over twelve months	67,458
Total	148,288
Total time deposit maturities
2021	147,976
2022	82,279
2023	20,608
2024	9,771
2025	1,708
Thereafter	1,303
Total	$ 263,645	$ 377,884

DEPOSITS - Summary of Deposits

DEPOSITS - Summary of Deposits by Type (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Nonmonetary Transactions [Abstract]
Noninterest-bearing	$ 449,357	$ 334,746
Savings	209,924	176,732
Super Now	287,775	218,605
Money Market	283,742	216,038
Time	263,645	377,884
Total deposits	$ 1,494,443	$ 1,324,005

SHORT-TERM BORROWINGS - Schedul

SHORT-TERM BORROWINGS - Schedule of Short-term borrowings (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
SHORT-TERM BORROWINGS
Balance at year end	$ 5,244	$ 4,920
Line of Credit
SHORT-TERM BORROWINGS
Additional lines of credit available from correspondent banks other than the FHLB	100,000
Repurchase Agreements
SHORT-TERM BORROWINGS
Balance at year end	5,244	4,920	$ 5,662
Maximum amount outstanding at any month end	18,468	10,097	8,431
Average balance outstanding during the year	$ 10,669	$ 5,971	$ 7,043
Weighted-average interest rate: At year end (as a percent)	0.14%	0.22%	0.20%
Weighted-average interest rate: Paid during the year (as a percent)	0.20%	0.18%	0.13%
Overnight
SHORT-TERM BORROWINGS
Balance at year end	$ 0	$ 0	$ 162,203
Maximum amount outstanding at any month end	13,778	120,540	162,203
Average balance outstanding during the year	$ 1,991	$ 28,926	$ 78,043
Weighted-average interest rate: At year end (as a percent)	0.00%	0.00%	2.62%
Weighted-average interest rate: Paid during the year (as a percent)	1.09%	2.70%	2.24%

SHORT-TERM BORROWINGS - Contrac

SHORT-TERM BORROWINGS - Contractual Maturity of Repurchase Agreements (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Remaining Contractual Maturity of the Agreements
Short-term borrowings	$ 5,244	$ 4,920
Repurchase Agreements
Remaining Contractual Maturity of the Agreements
Short-term borrowings	5,244	4,920	$ 5,662
Overnight and Continuous
Remaining Contractual Maturity of the Agreements
Securities borrowed, gross including not subject to master netting arrangement	11,672	6,752
Overnight and Continuous | Mortgage-backed securities
Remaining Contractual Maturity of the Agreements
Securities borrowed, gross including not subject to master netting arrangement	0	0
Overnight and Continuous | State and political securities
Remaining Contractual Maturity of the Agreements
Securities borrowed, gross including not subject to master netting arrangement	10,672	4,984
Overnight and Continuous | Other debt securities
Remaining Contractual Maturity of the Agreements
Securities borrowed, gross including not subject to master netting arrangement	$ 1,000	$ 1,768

LONG-TERM BORROWINGS - Long-ter

LONG-TERM BORROWINGS - Long-term Borrowings with FHLB by Contractual Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
LONG-TERM BORROWINGS
Long-term borrowings	$ 148,000	$ 156,333
Outstanding amount of long-term borrowings with the FHLB by contractual maturities
2021	30,000
2022	23,000
2023	25,000
2024	40,000
2025	30,000
Total	$ 148,000
Weighted-Average Rate of outstanding long-term borrowings with the FHLB by contractual maturities
2021 (as a percent)	2.73%
2022 (as a percent)	2.24%
2023 (as a percent)	2.60%
2024 (as percent)	2.24%
2025 (as a percent)	1.62%
Fixed
LONG-TERM BORROWINGS
Long-term borrowings	$ 148,000	156,333
Fixed | 2020
LONG-TERM BORROWINGS
Long-term borrowings	0	43,333
Fixed | 2021
LONG-TERM BORROWINGS
Long-term borrowings	30,000	30,000
Fixed | 2022
LONG-TERM BORROWINGS
Long-term borrowings	23,000	23,000
Fixed | 2023
LONG-TERM BORROWINGS
Long-term borrowings	25,000	25,000
Fixed | 2024
LONG-TERM BORROWINGS
Long-term borrowings	40,000	35,000
Fixed | 2025
LONG-TERM BORROWINGS
Long-term borrowings	$ 30,000	$ 0
Weighted Average
LONG-TERM BORROWINGS
Long-term borrowings with the FHLB, interest rate	2.27%	2.32%
Weighted-Average Rate of outstanding long-term borrowings with the FHLB by contractual maturities
Weighted average rate	2.27%	2.32%
Weighted Average | Fixed
LONG-TERM BORROWINGS
Long-term borrowings with the FHLB, interest rate	2.27%	2.32%
Weighted-Average Rate of outstanding long-term borrowings with the FHLB by contractual maturities
Weighted average rate	2.27%	2.32%
Weighted Average | Fixed | 2020
LONG-TERM BORROWINGS
Long-term borrowings with the FHLB, interest rate	0.00%	1.91%
Weighted-Average Rate of outstanding long-term borrowings with the FHLB by contractual maturities
Weighted average rate	0.00%	1.91%
Weighted Average | Fixed | 2021
LONG-TERM BORROWINGS
Long-term borrowings with the FHLB, interest rate	2.73%	2.73%
Weighted-Average Rate of outstanding long-term borrowings with the FHLB by contractual maturities
Weighted average rate	2.73%	2.73%
Weighted Average | Fixed | 2022
LONG-TERM BORROWINGS
Long-term borrowings with the FHLB, interest rate	2.24%	2.24%
Weighted-Average Rate of outstanding long-term borrowings with the FHLB by contractual maturities
Weighted average rate	2.24%	2.24%
Weighted Average | Fixed | 2023
LONG-TERM BORROWINGS
Long-term borrowings with the FHLB, interest rate	2.60%	2.60%
Weighted-Average Rate of outstanding long-term borrowings with the FHLB by contractual maturities
Weighted average rate	2.60%	2.60%
Weighted Average | Fixed | 2024
LONG-TERM BORROWINGS
Long-term borrowings with the FHLB, interest rate	2.24%	2.35%
Weighted-Average Rate of outstanding long-term borrowings with the FHLB by contractual maturities
Weighted average rate	2.24%	2.35%
Weighted Average | Fixed | 2025
LONG-TERM BORROWINGS
Long-term borrowings with the FHLB, interest rate	1.62%	0.00%
Weighted-Average Rate of outstanding long-term borrowings with the FHLB by contractual maturities
Weighted average rate	1.62%	0.00%
Minimum | Fixed | 2020
LONG-TERM BORROWINGS
Long-term borrowings with the FHLB, interest rate	1.62%
Weighted-Average Rate of outstanding long-term borrowings with the FHLB by contractual maturities
Weighted average rate	1.62%
Minimum | Fixed | 2021
LONG-TERM BORROWINGS
Long-term borrowings with the FHLB, interest rate	2.46%
Weighted-Average Rate of outstanding long-term borrowings with the FHLB by contractual maturities
Weighted average rate	2.46%
Minimum | Fixed | 2022
LONG-TERM BORROWINGS
Long-term borrowings with the FHLB, interest rate	1.98%
Weighted-Average Rate of outstanding long-term borrowings with the FHLB by contractual maturities
Weighted average rate	1.98%
Minimum | Fixed | 2023
LONG-TERM BORROWINGS
Long-term borrowings with the FHLB, interest rate	1.84%
Weighted-Average Rate of outstanding long-term borrowings with the FHLB by contractual maturities
Weighted average rate	1.84%
Minimum | Fixed | 2024
LONG-TERM BORROWINGS
Long-term borrowings with the FHLB, interest rate	1.50%
Weighted-Average Rate of outstanding long-term borrowings with the FHLB by contractual maturities
Weighted average rate	1.50%
Minimum | Fixed | 2025
LONG-TERM BORROWINGS
Long-term borrowings with the FHLB, interest rate	1.14%
Weighted-Average Rate of outstanding long-term borrowings with the FHLB by contractual maturities
Weighted average rate	1.14%
Maximum | Fixed | 2020
LONG-TERM BORROWINGS
Long-term borrowings with the FHLB, interest rate	2.29%
Weighted-Average Rate of outstanding long-term borrowings with the FHLB by contractual maturities
Weighted average rate	2.29%
Maximum | Fixed | 2021
LONG-TERM BORROWINGS
Long-term borrowings with the FHLB, interest rate	3.00%
Weighted-Average Rate of outstanding long-term borrowings with the FHLB by contractual maturities
Weighted average rate	3.00%
Maximum | Fixed | 2022
LONG-TERM BORROWINGS
Long-term borrowings with the FHLB, interest rate	2.56%
Weighted-Average Rate of outstanding long-term borrowings with the FHLB by contractual maturities
Weighted average rate	2.56%
Maximum | Fixed | 2023
LONG-TERM BORROWINGS
Long-term borrowings with the FHLB, interest rate	3.10%
Weighted-Average Rate of outstanding long-term borrowings with the FHLB by contractual maturities
Weighted average rate	3.10%
Maximum | Fixed | 2024
LONG-TERM BORROWINGS
Long-term borrowings with the FHLB, interest rate	2.96%
Weighted-Average Rate of outstanding long-term borrowings with the FHLB by contractual maturities
Weighted average rate	2.96%
Maximum | Fixed | 2025
LONG-TERM BORROWINGS
Long-term borrowings with the FHLB, interest rate	1.88%
Weighted-Average Rate of outstanding long-term borrowings with the FHLB by contractual maturities
Weighted average rate	1.88%

LONG-TERM BORROWINGS - Narrativ

LONG-TERM BORROWINGS - Narrative (Details) - Revolving line of credit with the FHLB	Dec. 31, 2020USD ($)
Jersey Shore State Bank
LONG-TERM BORROWINGS
Remaining borrowing capacity	$ 236,685,000
Outstanding letters of credit	13,000,000
Luzerne National Bank Corporation
LONG-TERM BORROWINGS
Remaining borrowing capacity	178,077,000
Outstanding letters of credit	$ 582,000

INCOME TAXES - Schedule of Defe

INCOME TAXES - Schedule of Deferred Tax Assets (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets:
Allowance for loan losses	$ 2,910,000	$ 2,503,000
Deferred compensation	1,554,000	1,451,000
Lease liability	1,844,000	2,100,000
Defined pension	74,000	327,000
Investment securities allowance	54,000	18,000
Other	566,000	1,014,000
Total deferred tax assets	7,002,000	7,413,000
Deferred tax liabilities:
Lease right of use asset	1,790,000	2,069,000
Unrealized gain on available for sale securities	1,253,000	653,000
Investment security accretion	119,000	117,000
Deferred loan fees and discounts	215,000	256,000
Depreciation	511,000	385,000
Amortization	588,000	595,000
Total deferred tax liabilities	4,476,000	4,075,000
Deferred tax asset, net	2,526,000	3,338,000
Valuation allowance	$ 0	$ 0

INCOME TAXES - Schedule of Comp

INCOME TAXES - Schedule of Components of Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Provision or benefit for income taxes
Currently payable									$ 3,165	$ 2,324	$ 3,143
Deferred expense (benefit)									309	814	(324)
Total provision	$ 911	$ 1,051	$ 851	$ 661	$ 397	$ 1,170	$ 759	$ 812	$ 3,474	$ 3,138	$ 2,819

INCOME TAXES - Schedule of Effe

INCOME TAXES - Schedule of Effective Income Tax Rate (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Effective Income Tax Rate Reconciliation, Amount:
Provision at expected rate									$ 3,927	$ 3,953	$ 3,681
(Decrease) increase in tax resulting from:
Tax-exempt income									(475)	(547)	(633)
Tax credits									0	(184)	(177)
Other, net									22	(84)	(52)
Total provision	$ 911	$ 1,051	$ 851	$ 661	$ 397	$ 1,170	$ 759	$ 812	$ 3,474	$ 3,138	$ 2,819
Effective Income Tax Rate Reconciliation, Percent:
Provision at expected rate (as a percent)									21.00%	21.00%	21.00%
(Decrease) increase in tax resulting from:
Tax-exempt income (as a percent)									(2.54%)	(2.91%)	(3.61%)
Tax credits (as a percent)									0.00%	(0.98%)	(1.01%)
Other, net (as a percent)									0.12%	(0.44%)	(0.30%)
Effective income tax provision (benefit) and rate (as a percent)									18.58%	16.67%	16.08%

EMPLOYEE BENEFIT PLANS - Narrat

EMPLOYEE BENEFIT PLANS - Narrative (Details)	12 Months Ended
	Dec. 31, 2020USD ($)age	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of consecutive years of service and average annual compensation on which benefits are based (in years)	5 years
Period of employment considered for benefit payments (in years)	10 years
Accumulated benefit obligation	$ 23,553,000	$ 21,456,000
Vesting period regarding employer contribution (in years)	5 years
Period for which the company will make payments under the Deferred Compensation Plan (in years)	10 years
Threshold age of employees under the plan for company to make payments | age	65
Expenses incurred related to the plan	$ 431,000	408,000	$ 370,000
Benefits paid under the plan	$ 57,000	57,000	59,000
Equity
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Target allocation (as a percent)	62.00%
Fixed income securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Target allocation (as a percent)	15.00%
Inflation Hedges/Real Assets
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Target allocation (as a percent)	10.00%
Hedged Strategies
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Target allocation (as a percent)	10.00%
Cash
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Target allocation (as a percent)	3.00%
401(k) Savings Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Contribution expense	$ 502,000	$ 490,000	$ 428,000
Pension Plan | Minimum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected contribution to Pension Plan	$ 250,000

EMPLOYEE BENEFIT PLANS - Obliga

EMPLOYEE BENEFIT PLANS - Obligation and Funded Status (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Change in benefit obligation:
Benefit obligation at beginning of year	$ 21,456	$ 19,022
Interest cost	641	763	$ 706
Actuarial loss	160	92
Benefits paid	(887)	(840)
Change in actuarial assumptions	2,183	2,419
Benefit obligation at end of year	23,553	21,456	19,022
Change in plan assets:
Fair value of plan assets at beginning of year	19,901	16,366
Actual return on plan assets	2,967	3,369
Employer contribution	1,500	1,000
Benefits paid	(887)	(841)
Adjustment to fair value of plan assets	3	7
Fair value of plan assets at end of year	23,484	19,901	$ 16,366
Funded status	(69)	(1,555)
Accounts recognized on balance sheet as:
Total liabilities	(69)	(1,555)
Amounts recognized in accumulated other comprehensive income (loss) consist of:
Net loss	$ 7,084	$ 6,622

EMPLOYEE BENEFIT PLANS - Net Pe

EMPLOYEE BENEFIT PLANS - Net Periodic Costs and Other Amounts Recognized (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Net periodic pension cost:
Service cost	$ 0	$ 0	$ 0
Interest cost	641	763	706
Expected return on plan assets	(1,274)	(995)	(1,098)
Amortization of unrecognized net loss	185	187	165
Net periodic (benefit) cost	$ (448)	$ (45)	$ (227)

EMPLOYEE BENEFIT PLANS - Assump

EMPLOYEE BENEFIT PLANS - Assumptions (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate (as a percent)	2.24%	3.04%	4.10%
Weighted-average assumptions used to determine net periodic cost
Discount rate (as a percent)	3.04%	4.10%	3.47%
Expected long-term return on plan assets (as a percent)	7.00%	7.00%	7.00%

EMPLOYEE BENEFIT PLANS - Weight

EMPLOYEE BENEFIT PLANS - Weighted Average Asset Allocations (Details)	Dec. 31, 2020	Dec. 31, 2019
Plan's asset allocations by asset category
Weighted-average asset allocations by asset category (as a percent)	100.00%	100.00%
Cash
Plan's asset allocations by asset category
Weighted-average asset allocations by asset category (as a percent)	3.62%	5.32%
Fixed income securities
Plan's asset allocations by asset category
Weighted-average asset allocations by asset category (as a percent)	12.99%	11.25%
Equity
Plan's asset allocations by asset category
Weighted-average asset allocations by asset category (as a percent)	69.06%	67.14%
Inflation Hedges/Real Assets
Plan's asset allocations by asset category
Weighted-average asset allocations by asset category (as a percent)	5.16%	5.75%
Hedged Strategies
Plan's asset allocations by asset category
Weighted-average asset allocations by asset category (as a percent)	9.17%	10.54%

EMPLOYEE BENEFIT PLANS - Fair V

EMPLOYEE BENEFIT PLANS - Fair Value Hierarchy (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	$ 23,484	$ 19,901	$ 16,366
Level I
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	23,484	19,901
Level II
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	0	0
Level III
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	0	0
Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	850	1,058
Cash and cash equivalents | Level I
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	850	1,058
Cash and cash equivalents | Level II
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	0	0
Cash and cash equivalents | Level III
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	0	0
Mutual funds - taxable fixed income
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	3,051	2,240
Mutual funds - taxable fixed income | Level I
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	3,051	2,240
Mutual funds - taxable fixed income | Level II
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	0	0
Mutual funds - taxable fixed income | Level III
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	0	0
Mutual funds - domestic equity
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	11,325	10,797
Mutual funds - domestic equity | Level I
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	11,325	10,797
Mutual funds - domestic equity | Level II
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	0	0
Mutual funds - domestic equity | Level III
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	0	0
Mutual funds - international equity
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	4,889	2,565
Mutual funds - international equity | Level I
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	4,889	2,565
Mutual funds - international equity | Level II
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	0	0
Mutual funds - international equity | Level III
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	0	0
Inflation Hedges/Real Assets
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	1,214	1,145
Inflation Hedges/Real Assets | Level I
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	1,214	1,145
Inflation Hedges/Real Assets | Level II
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	0	0
Inflation Hedges/Real Assets | Level III
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	0	0
Hedged Strategies
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	2,155	2,096
Hedged Strategies | Level I
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	2,155	2,096
Hedged Strategies | Level II
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	0	0
Hedged Strategies | Level III
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	$ 0	$ 0

EMPLOYEE BENEFIT PLANS - Future

EMPLOYEE BENEFIT PLANS - Future Benefit Payments (Details) $ in Thousands	Dec. 31, 2020USD ($)
Defined Benefit Plan [Abstract]
2021	$ 960
2022	978
2023	1,049
2024	1,051
2025	1,102
2026-2030	5,940
Total	$ 11,080

STOCK OPTIONS - Narrative (Deta

STOCK OPTIONS - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 11, 2020	Mar. 15, 2019	Aug. 24, 2018	Jan. 05, 2018	Mar. 24, 2017	Aug. 27, 2015	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	238,500	240,000	224,550	37,500		58,125	238,500	240,000	262,050
Vesting period (in years)						5 years
Granted (in dollars per share)	$ 25.34	$ 28.01				$ 28.02	$ 25.34	$ 28.01	$ 30.58
Expiration period (in years)						10 years
Options outstanding (in shares)						34,125	841,275	625,800	395,550	140,250
Allocated share-based compensation expense							$ 854	$ 680	$ 486
Options exercisable at end of period (in shares)							94,500
Options exercisable, weighted average remaining contractual term (in years)							5 years 7 months 28 days
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested awards, compensation cost not yet recognized							$ 1,891
Period for recognition (in years)							2 years 8 months 4 days
Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	119,300	120,900	75,300	18,750	69,375		119,300	120,900	94,050
Vesting period (in years)	3 years	3 years	3 years	3 years	3 years
Granted (in dollars per share)	$ 25.31	$ 28.01	$ 30.67	$ 30.07	$ 29.47
Expiration period (in years)	10 years	10 years	10 years	10 years	10 years
Options outstanding (in shares)	119,300	115,200	70,050	18,750	60,375
Tranche One | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)							3 years	3 years	3 years
Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	119,200	119,100	149,250	18,750	35,625		119,200	119,100	168,000
Vesting period (in years)	5 years	5 years	5 years	5 years	5 years
Granted (in dollars per share)	$ 25.31	$ 28.01	$ 30.67	$ 30.07	$ 29.47
Expiration period (in years)	10 years	10 years	10 years	10 years	10 years
Options outstanding (in shares)	119,200	113,550	138,600	18,750	33,375
Tranche Two | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)							5 years	5 years	5 years
Expiration period (in years)								10 years

STOCK OPTIONS - Stock Option Ac

STOCK OPTIONS - Stock Option Activity (Details) - USD ($)	Mar. 11, 2020	Mar. 15, 2019	Aug. 24, 2018	Jan. 05, 2018	Aug. 27, 2015	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Shares
Options outstanding, beginning of period (in shares)						625,800	395,550	140,250
Granted (in shares)	238,500	240,000	224,550	37,500	58,125	238,500	240,000	262,050
Exercised (in shares)						0	0	0
Forfeited (in shares)					(24,000)	(23,025)	(9,750)	(6,750)
Expired (in shares)						0	0	0
Options outstanding, end of period (in shares)					34,125	841,275	625,800	395,550	140,250
Options exercisable at end of period (in shares)						94,500
Weighted Average Exercise Price
Options outstanding, weighted average exercise price, beginning of period (in dollars per share)						$ 29.29	$ 30.08	$ 29.06
Strike price (in dollars per share)	$ 25.34	$ 28.01			$ 28.02	25.34	28.01	30.58
Exercised, weighted average exercise price (in dollars per share)						0	0	0
Forfeited, weighted average exercise price (in dollars per share)						29.44	29.64	28.51
Expired, weighted average exercise price (in dollars per share)						0	0	0
Options outstanding, weighted average exercise price, end of period (in dollars per share)						28.17	$ 29.29	$ 30.08	$ 29.06
Options exercisable at end of period, weighted average exercise price (in dollars per share)						$ 28.95
Weighted Average Remaining Contractual Term and Aggregate Intrinsic Value
Options outstanding, weighted average remaining contractual terms (in years)						7 years 11 months 4 days	8 years 5 months 4 days	8 years 11 months 19 days	8 years 9 months 14 days
Options granted, weighted average remaining contractual terms (in years)						9 years 2 months 12 days	9 years 2 months 15 days	9 years 6 months 21 days
Options exercisable, weighted average remaining contractual term (in years)						5 years 7 months 28 days
Aggregate Intrinsic Value						$ 159,795	$ 3,923,463	$ 4,019,522	$ 279,365
Aggregate intrinsic value, exercisable						$ 0

STOCK OPTIONS - Stock Options G

STOCK OPTIONS - Stock Options Granted (Details) - $ / shares	Mar. 11, 2020	Mar. 15, 2019	Aug. 24, 2018	Jan. 05, 2018	Mar. 24, 2017	Aug. 27, 2015	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	238,500	240,000	224,550	37,500		58,125	238,500	240,000	262,050
Forfeited (in shares)						(24,000)	(23,025)	(9,750)	(6,750)
Outstanding (in shares)						34,125	841,275	625,800	395,550	140,250
Strike price (in dollars per share)	$ 25.34	$ 28.01				$ 28.02	$ 25.34	$ 28.01	$ 30.58
Vesting period (in years)						5 years
Expiration period (in years)						10 years
Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	119,300	120,900	75,300	18,750	69,375		119,300	120,900	94,050
Forfeited (in shares)	0	(5,700)	(5,250)	0	(9,000)
Outstanding (in shares)	119,300	115,200	70,050	18,750	60,375
Strike price (in dollars per share)	$ 25.31	$ 28.01	$ 30.67	$ 30.07	$ 29.47
Vesting period (in years)	3 years	3 years	3 years	3 years	3 years
Expiration period (in years)	10 years	10 years	10 years	10 years	10 years
Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	119,200	119,100	149,250	18,750	35,625		119,200	119,100	168,000
Forfeited (in shares)	0	(5,550)	(10,650)	0	(2,250)
Outstanding (in shares)	119,200	113,550	138,600	18,750	33,375
Strike price (in dollars per share)	$ 25.31	$ 28.01	$ 30.67	$ 30.07	$ 29.47
Vesting period (in years)	5 years	5 years	5 years	5 years	5 years
Expiration period (in years)	10 years	10 years	10 years	10 years	10 years

STOCK OPTIONS - Stock Option As

STOCK OPTIONS - Stock Option Assumptions (Details) - Employee Stock Option - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	1.32%	2.49%	2.68%
Expected volatility	28.29%	23.61%	24.78%
Expected dividend yield	5.77%	4.16%	4.38%
Expected life	7 years	7 years	7 years 1 month 24 days
Weighted average grant date fair value per option (in dollars per share)	$ 3.80	$ 4.05	$ 5.15

EMPLOYEE STOCK PURCHASE PLAN (D

EMPLOYEE STOCK PURCHASE PLAN (Details) - Employee Stock Purchase Plan ("Plan") - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares allowed to be purchased by employees (in shares)	1,500,000
Purchase price of the shares with respect to market value	95.00%
Maximum percentage of base compensation	15.00%
Maximum market value	$ 12,000
Number of shares issued under the plan (in shares)	3,972	3,414

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Loan activity with executive officers, directors, principal shareholders, and associates of such persons
Deposits from related parties	$ 25,520	$ 18,121
Directors and executive officers
RELATED PARTY TRANSACTIONS
Threshold ownership interest for principal owners (more than)	10.00%
Loan activity with executive officers, directors, principal shareholders, and associates of such persons
Beginning Balance	$ 14,374	17,791
New Loans	12,956	5,125
Repayments	(11,084)	(8,542)
Ending Balance	$ 16,246	$ 14,374

OFF-BALANCE SHEET RISK (Details

OFF-BALANCE SHEET RISK (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Commitments to extend credit
Off Balance Sheet Risk
Contract amounts representing credit risk	$ 198,512	$ 187,778
Standby letters of credit
Off Balance Sheet Risk
Contract amounts representing credit risk	$ 10,120	9,638
Coverage period for instrument (in years)	1 year
Credit exposure from the sale of assets with recourse
Off Balance Sheet Risk
Contract amounts representing credit risk	$ 9,182	$ 6,826

CAPITAL REQUIREMENTS (Details)

CAPITAL REQUIREMENTS (Details) $ in Thousands	Dec. 31, 2020USD ($)category	Dec. 31, 2019USD ($)
Banking and Thrift [Abstract]
Capital categories established by FDICIA (in categories) | category	5
Common Equity Tier I Capital (to Risk-weighted Assets), Ratio
To Be Well Capitalized (as a percent)	6.50%
Total Capital (to Risk-weighted Assets), Ratio
To Be Well Capitalized (as a percent)	10.00%
Tier I Capital (to Risk-weighted Assets), Ratio
To Be Well Capitalized (as a percent)	8.00%
Tier I Capital (to Average Assets), Ratio
To Be Well Capitalized (as a percent)	5.00%
Jersey Shore State Bank
Common Equity Tier I Capital (to Risk-weighted Assets), Amount
Actual	$ 103,812	$ 99,317
For Capital Adequacy Purposes	42,835	43,052
Minimum To Maintain Capital Conservation Buffer	66,632	66,970
To Be Well Capitalized	$ 61,872	$ 62,187
Common Equity Tier I Capital (to Risk-weighted Assets), Ratio
Actual (as a percent)	10.906%	10.381%
For Capital Adequacy Purposes (as a percent)	4.50%	4.50%
Minimum To Maintain Capital Conservation Buffer (as a percent)	7.00%	7.00%
To Be Well Capitalized (as a percent)	6.50%	6.50%
Total Capital (to Risk-weighted Assets), Amount
Actual	$ 112,862	$ 106,093
For Capital Adequacy Purposes	76,149	76,539
Minimum To Maintain Capital Conservation Buffer	99,945	100,458
To Be Well Capitalized	$ 95,186	$ 95,674
Total Capital (to Risk-weighted Assets), Ratio
Actual (as a percent)	11.857%	11.089%
For Capital Adequacy Purposes (as a percent)	8.00%	8.00%
Minimum To Maintain Capital Conservation Buffer (as a percent)	10.50%	10.50%
To Be Well Capitalized (as a percent)	10.00%	10.00%
Tier I Capital (to Risk-weighted Assets), Amount
Actual	$ 103,812	$ 99,317
For Capital Adequacy Purposes	57,113	57,403
Minimum To Maintain Capital Conservation Buffer	80,910	81,321
To Be Well Capitalized	$ 76,150	$ 76,538
Tier I Capital (to Risk-weighted Assets), Ratio
Actual (as a percent)	10.906%	10.381%
For Capital Adequacy Purposes (as a percent)	6.00%	6.00%
Minimum To Maintain Capital Conservation Buffer (as a percent)	8.50%	8.50%
To Be Well Capitalized (as a percent)	8.00%	8.00%
Tier I Capital (to Average Assets), Amount
Actual	$ 103,812	$ 99,317
For Capital Adequacy Purposes	51,507	48,501
To Be Well Capitalized	$ 64,384	$ 60,626
Tier I Capital (to Average Assets), Ratio
Actual (as a percent)	8.062%	8.191%
For Capital Adequacy Purposes (as a percent)	4.00%	4.00%
To Be Well Capitalized (as a percent)	5.00%	5.00%
Luzerne National Bank Corporation
Common Equity Tier I Capital (to Risk-weighted Assets), Amount
Actual	$ 40,206	$ 38,340
For Capital Adequacy Purposes	16,218	16,312
Minimum To Maintain Capital Conservation Buffer	25,228	25,374
To Be Well Capitalized	$ 23,426	$ 23,562
Common Equity Tier I Capital (to Risk-weighted Assets), Ratio
Actual (as a percent)	11.156%	10.577%
For Capital Adequacy Purposes (as a percent)	4.50%	4.50%
Minimum To Maintain Capital Conservation Buffer (as a percent)	7.00%	7.00%
To Be Well Capitalized (as a percent)	6.50%	6.50%
Total Capital (to Risk-weighted Assets), Amount
Actual	$ 42,759	$ 40,940
For Capital Adequacy Purposes	28,830	28,997
Minimum To Maintain Capital Conservation Buffer	37,840	38,058
To Be Well Capitalized	$ 36,038	$ 36,246
Total Capital (to Risk-weighted Assets), Ratio
Actual (as a percent)	11.865%	11.295%
For Capital Adequacy Purposes (as a percent)	8.00%	8.00%
Minimum To Maintain Capital Conservation Buffer (as a percent)	10.50%	10.50%
To Be Well Capitalized (as a percent)	10.00%	10.00%
Tier I Capital (to Risk-weighted Assets), Amount
Actual	$ 40,206	$ 38,340
For Capital Adequacy Purposes	21,624	21,749
Minimum To Maintain Capital Conservation Buffer	30,634	30,811
To Be Well Capitalized	$ 28,832	$ 28,999
Tier I Capital (to Risk-weighted Assets), Ratio
Actual (as a percent)	11.156%	10.577%
For Capital Adequacy Purposes (as a percent)	6.00%	6.00%
Minimum To Maintain Capital Conservation Buffer (as a percent)	8.50%	8.50%
To Be Well Capitalized (as a percent)	8.00%	8.00%
Tier I Capital (to Average Assets), Amount
Actual	$ 40,206	$ 38,340
For Capital Adequacy Purposes	20,461	17,723
To Be Well Capitalized	$ 25,576	$ 22,154
Tier I Capital (to Average Assets), Ratio
Actual (as a percent)	7.86%	8.653%
For Capital Adequacy Purposes (as a percent)	4.00%	4.00%
To Be Well Capitalized (as a percent)	5.00%	5.00%
Penns Woods Bancorp, Inc
Common Equity Tier I Capital (to Risk-weighted Assets), Amount
Actual	$ 147,887	$ 140,372
For Capital Adequacy Purposes	59,066	59,179
Minimum To Maintain Capital Conservation Buffer	91,880	92,056
To Be Well Capitalized	$ 85,317	$ 85,480
Common Equity Tier I Capital (to Risk-weighted Assets), Ratio
Actual (as a percent)	11.267%	10.674%
For Capital Adequacy Purposes (as a percent)	4.50%	4.50%
Minimum To Maintain Capital Conservation Buffer (as a percent)	7.00%	7.00%
To Be Well Capitalized (as a percent)	6.50%	6.50%
Total Capital (to Risk-weighted Assets), Amount
Actual	$ 159,490	$ 149,748
For Capital Adequacy Purposes	105,005	105,206
Minimum To Maintain Capital Conservation Buffer	137,820	138,083
To Be Well Capitalized	$ 131,257	$ 131,508
Total Capital (to Risk-weighted Assets), Ratio
Actual (as a percent)	12.151%	11.387%
For Capital Adequacy Purposes (as a percent)	8.00%	8.00%
Minimum To Maintain Capital Conservation Buffer (as a percent)	10.50%	10.50%
To Be Well Capitalized (as a percent)	10.00%	10.00%
Tier I Capital (to Risk-weighted Assets), Amount
Actual	$ 147,887	$ 140,372
For Capital Adequacy Purposes	78,754	78,905
Minimum To Maintain Capital Conservation Buffer	111,568	111,782
To Be Well Capitalized	$ 105,005	$ 105,207
Tier I Capital (to Risk-weighted Assets), Ratio
Actual (as a percent)	11.267%	10.674%
For Capital Adequacy Purposes (as a percent)	6.00%	6.00%
Minimum To Maintain Capital Conservation Buffer (as a percent)	8.50%	8.50%
To Be Well Capitalized (as a percent)	8.00%	8.00%
Tier I Capital (to Average Assets), Amount
Actual	$ 147,887	$ 140,372
For Capital Adequacy Purposes	70,122	65,949
To Be Well Capitalized	$ 87,652	$ 82,436
Tier I Capital (to Average Assets), Ratio
Actual (as a percent)	8.436%	8.514%
For Capital Adequacy Purposes (as a percent)	4.00%	4.00%
To Be Well Capitalized (as a percent)	5.00%	5.00%

REGULATORY RESTRICTIONS (Detail

REGULATORY RESTRICTIONS (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Cash and Due from Banks
Restricted investment in bank stock, at fair value	$ 15,377,000	$ 13,528,000
Pennsylvania Banking Code
REGULATORY RESTRICTIONS
Regulatory lending limit	23,343,000
Jersey Shore State Bank
Cash and Due from Banks
Restricted investment in bank stock, at fair value	0	$ 0
Jersey Shore State Bank | Pennsylvania Banking Code
REGULATORY RESTRICTIONS
Balance in the additional paid in capital account unavailable for dividends	11,657,000
Luzerne National Bank Corporation | Pennsylvania Banking Code
REGULATORY RESTRICTIONS
Balance in the additional paid in capital account unavailable for dividends	$ 42,214,000

FAIR VALUE MEASUREMENTS - Fair

FAIR VALUE MEASUREMENTS - Fair Value on a Recurring and Non-recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Recurring | Mortgage-backed securities
Fair Value Measurements
Total assets	$ 2,141	$ 4,966
Recurring | State and political securities
Fair Value Measurements
Total assets	108,013	82,286
Recurring | Other debt securities
Fair Value Measurements
Total assets	52,107	61,367
Recurring | Other equity securities
Fair Value Measurements
Total assets	1,288	1,261
Recurring | Other equity securities
Fair Value Measurements
Total assets	40	51
Recurring | Level I | Mortgage-backed securities
Fair Value Measurements
Total assets	0	0
Recurring | Level I | State and political securities
Fair Value Measurements
Total assets	0	0
Recurring | Level I | Other debt securities
Fair Value Measurements
Total assets	0	0
Recurring | Level I | Other equity securities
Fair Value Measurements
Total assets	1,288	1,261
Recurring | Level I | Other equity securities
Fair Value Measurements
Total assets	40	51
Recurring | Level II | Mortgage-backed securities
Fair Value Measurements
Total assets	2,141	4,966
Recurring | Level II | State and political securities
Fair Value Measurements
Total assets	108,013	82,286
Recurring | Level II | Other debt securities
Fair Value Measurements
Total assets	52,107	61,367
Recurring | Level II | Other equity securities
Fair Value Measurements
Total assets	0	0
Recurring | Level II | Other equity securities
Fair Value Measurements
Total assets	0	0
Recurring | Level III | Mortgage-backed securities
Fair Value Measurements
Total assets	0	0
Recurring | Level III | State and political securities
Fair Value Measurements
Total assets	0	0
Recurring | Level III | Other debt securities
Fair Value Measurements
Total assets	0	0
Recurring | Level III | Other equity securities
Fair Value Measurements
Total assets	0	0
Recurring | Level III | Other equity securities
Fair Value Measurements
Total assets	0	0
Non-recurring | Impaired loans
Fair Value Measurements
Total assets	15,648	15,854
Non-recurring | Other real estate owned
Fair Value Measurements
Total assets	401	413
Non-recurring | Level I | Impaired loans
Fair Value Measurements
Total assets	0	0
Non-recurring | Level I | Other real estate owned
Fair Value Measurements
Total assets	0	0
Non-recurring | Level II | Impaired loans
Fair Value Measurements
Total assets	0	0
Non-recurring | Level II | Other real estate owned
Fair Value Measurements
Total assets	0	0
Non-recurring | Level III | Impaired loans
Fair Value Measurements
Total assets	15,648	15,854
Non-recurring | Level III | Other real estate owned
Fair Value Measurements
Total assets	$ 401	$ 413

FAIR VALUE MEASUREMENTS - List

FAIR VALUE MEASUREMENTS - List of Significant Unobservable Inputs (Details) - Non-recurring - Level III $ in Thousands	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Impaired loans | Discounted cash flow
Listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
Impaired loans	$ 8,624	$ 6,950
Impaired loans | Appraisal of collateral
Listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
Impaired loans	7,024	8,904
Other real estate owned | Appraisal of collateral
Listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
Other Real Estate	$ 401	$ 413
Probability of default
Listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
Impaired loans, measurement input (as a percent)	0
Probability of default | Discounted cash flow
Listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
Impaired loans, measurement input (as a percent)	0	0
Temporary reduction in payment amount | Discounted cash flow | Minimum
Listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
Impaired loans, measurement input (as a percent)	0.17	0.17
Temporary reduction in payment amount | Discounted cash flow | Maximum
Listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
Impaired loans, measurement input (as a percent)	(0.63)	(0.59)
Temporary reduction in payment amount | Discounted cash flow | Weighted Average
Listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
Impaired loans, measurement input (as a percent)	18	24
Appraisal adjustments | Appraisal of collateral
Listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
Other real estate owned, measurement input (as a percent)	20	20
Appraisal adjustments | Appraisal of collateral | Minimum
Listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
Impaired loans, measurement input (as a percent)	0	0
Appraisal adjustments | Appraisal of collateral | Maximum
Listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
Impaired loans, measurement input (as a percent)	(0.30)	(0.30)
Appraisal adjustments | Appraisal of collateral | Weighted Average
Listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
Other real estate owned, measurement input (as a percent)	20	20
Impaired loans, measurement input (as a percent)	8	9

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Financial assets:
Restricted investment in bank stock (1)	$ 15,377	$ 13,528
Bank-owned life insurance	33,638	29,253
Accrued interest receivable	8,394	5,246
Financial liabilities:
Interest-bearing deposits	1,045,086	989,259
Noninterest-bearing deposits	449,357	334,746
Quoted Prices in Active Markets for Identical Assets (Level I)
Financial assets:
Cash and cash equivalents	213,358	48,589
Restricted investment in bank stock (1)	15,377	13,528
Loans held for sale	5,239	4,232
Loans, net	0	0
Bank-owned life insurance	33,638	29,253
Accrued interest receivable	8,394	5,246
Financial liabilities:
Interest-bearing deposits	781,441	611,374
Noninterest-bearing deposits	449,357	334,746
Short-term borrowings	5,244	4,920
Long-term borrowings	0	0
Accrued interest payable	1,112	1,671
Significant Other Observable Inputs (Level II)
Financial assets:
Cash and cash equivalents	0	0
Restricted investment in bank stock (1)	0	0
Loans held for sale	0	0
Loans, net	0	0
Bank-owned life insurance	0	0
Accrued interest receivable	0	0
Financial liabilities:
Interest-bearing deposits	0	0
Noninterest-bearing deposits	0	0
Short-term borrowings	0	0
Long-term borrowings	0	0
Accrued interest payable	0	0
Significant Unobservable Inputs (Level III)
Financial assets:
Cash and cash equivalents	0	0
Restricted investment in bank stock (1)	0	0
Loans held for sale	0	0
Loans, net	1,339,993	1,346,395
Bank-owned life insurance	0	0
Accrued interest receivable	0	0
Financial liabilities:
Interest-bearing deposits	266,840	379,373
Noninterest-bearing deposits	0	0
Short-term borrowings	0	0
Long-term borrowings	159,575	163,931
Accrued interest payable	0	0
Carrying Value
Financial assets:
Cash and cash equivalents	213,358	48,589
Restricted investment in bank stock (1)	15,377	13,528
Loans held for sale	5,239	4,232
Loans, net	1,330,524	1,343,650
Bank-owned life insurance	33,638	29,253
Accrued interest receivable	8,394	5,246
Financial liabilities:
Interest-bearing deposits	1,045,086	989,259
Noninterest-bearing deposits	449,357	334,746
Short-term borrowings	5,244	4,920
Long-term borrowings	153,475	161,920
Accrued interest payable	1,112	1,671
Fair Value
Financial assets:
Cash and cash equivalents	213,358	48,589
Restricted investment in bank stock (1)	15,377	13,528
Loans held for sale	5,239	4,232
Loans, net	1,339,993	1,346,395
Bank-owned life insurance	33,638	29,253
Accrued interest receivable	8,394	5,246
Financial liabilities:
Interest-bearing deposits	1,048,281	990,747
Noninterest-bearing deposits	449,357	334,746
Short-term borrowings	5,244	4,920
Long-term borrowings	159,575	163,931
Accrued interest payable	$ 1,112	$ 1,671

PARENT COMPANY ONLY FINANCIAL_3

PARENT COMPANY ONLY FINANCIAL STATEMENTS - Condensed Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Investment in subsidiaries:
Other assets	$ 8,385	$ 12,471
TOTAL ASSETS	1,834,643	1,665,323
LIABILITIES AND SHAREHOLDERS’ EQUITY:
Other liabilities	13,048	13,655
Shareholders’ equity	164,142	154,960
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	1,834,643	1,665,323
Penns Woods Bancorp, Inc
ASSETS:
Cash	1,397	287
Investment in subsidiaries:
Bank	160,273	152,244
Non-bank	1,558	2,027
Other assets	1,030	574
TOTAL ASSETS	164,258	155,132
LIABILITIES AND SHAREHOLDERS’ EQUITY:
Other liabilities	116	172
Shareholders’ equity	164,142	154,960
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 164,258	$ 155,132

PARENT COMPANY ONLY FINANCIAL_4

PARENT COMPANY ONLY FINANCIAL STATEMENTS - Condensed Income Statement (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Operating income:
Comprehensive income	$ 17,101	$ 19,531	$ 13,579
Penns Woods Bancorp, Inc
Operating income:
Dividends from subsidiaries	11,276	10,326	9,091
Equity in undistributed earnings of subsidiaries	5,684	6,906	6,973
Operating expenses	(1,754)	(1,560)	(1,360)
Net Income	15,206	15,672	14,704
Comprehensive income	$ 17,101	$ 19,531	$ 13,579

PARENT COMPANY ONLY FINANCIAL_5

PARENT COMPANY ONLY FINANCIAL STATEMENTS - Condensed Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Adjustments to reconcile net income to net cash provided by operating activities:
Other, net	$ 2,174	$ (1,453)	$ (904)
Net cash provided by operating activities	22,000	14,050	17,270
FINANCING ACTIVITIES:
Dividends paid	(9,020)	(8,876)	(8,818)
Issuance of common stock	247	89	97
Net cash provided by (used for) financing activities	153,508	(50,678)	199,951
CASH, BEGINNING OF YEAR	48,589
CASH, END OF YEAR	213,358	48,589
Penns Woods Bancorp, Inc
OPERATING ACTIVITIES:
Consolidated net income	15,206	15,672	14,704
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries	(5,684)	(6,906)	(6,973)
Other, net	(494)	(269)	619
Net cash provided by operating activities	9,028	8,497	8,350
INVESTING ACTIVITIES:
Investments in subsidiaries	0	(350)	0
FINANCING ACTIVITIES:
Dividends paid	(9,020)	(8,876)	(8,818)
Issuance of common stock	1,102	769	583
Net cash provided by (used for) financing activities	(7,918)	(8,107)	(8,235)
NET INCREASE IN CASH	1,110	40	115
CASH, BEGINNING OF YEAR	287	247	132
CASH, END OF YEAR	$ 1,397	$ 287	$ 247

CONSOLIDATED QUARTERLY FINANC_3

CONSOLIDATED QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Interest income	$ 15,046	$ 15,387	$ 16,044	$ 16,161	$ 16,415	$ 17,084	$ 16,841	$ 16,434	$ 62,638	$ 66,774	$ 58,746
Interest expense	3,079	3,542	3,794	4,000	4,094	4,181	3,928	3,756	14,415	15,959	10,936
NET INTEREST INCOME	11,967	11,845	12,250	12,161	12,321	12,903	12,913	12,678	48,223	50,815	47,810
Provision for loan losses	585	645	645	750	1,700	360	315	360	2,625	2,735	1,735
Non-interest income, excluding securities gains	2,701	3,024	2,423	2,409	2,418	2,652	2,492	2,188
Securities gains, net	374	1,011	198	28	489	170	(23)	66
Non-interest expense	9,640	9,707	9,611	10,110	10,294	9,541	10,059	9,814	39,068	39,708	38,007
INCOME BEFORE INCOME TAX PROVISION	4,817	5,528	4,615	3,738	3,234	5,824	5,008	4,758	18,698	18,824	17,529
Income tax provision	911	1,051	851	661	397	1,170	759	812	3,474	3,138	2,819
CONSOLIDATED NET INCOME	$ 3,906	$ 4,477	$ 3,764	$ 3,077	$ 2,837	$ 4,654	$ 4,249	$ 3,946	$ 15,224	$ 15,686	$ 14,710
Earnings per share - basic (in dollars per share)	$ 0.56	$ 0.63	$ 0.53	$ 0.44	$ 0.40	$ 0.66	$ 0.61	$ 0.56	$ 2.16	$ 2.23	$ 2.09
Earnings per share - diluted (in dollars per share)	$ 0.56	$ 0.63	$ 0.53	$ 0.44	$ 0.39	$ 0.65	$ 0.60	$ 0.56	$ 2.16	$ 2.20	$ 2.09

REVENUE RECOGNTION (Details)

REVENUE RECOGNTION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Debit card transaction fees, other processing services fees and interchange and card based transaction fees	$ 1,280	$ 1,378	$ 1,534
Debit card transaction fees
Disaggregation of Revenue [Line Items]
Debit card transaction fees, other processing services fees and interchange and card based transaction fees	1,775	1,876	2,117
Other processing service fees
Disaggregation of Revenue [Line Items]
Debit card transaction fees, other processing services fees and interchange and card based transaction fees	306	282	275
Gross interchange and card based transaction fees
Disaggregation of Revenue [Line Items]
Debit card transaction fees, other processing services fees and interchange and card based transaction fees	2,081	2,158	2,392
Network costs	$ 801	$ 780	$ 858

LEASES - Assets and Liabilities

LEASES - Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Finance lease, right of use asset	$ 5,257	$ 5,456
Finance lease liabilities	$ 5,475	$ 5,587

LEASES - Lease Cost (Details)

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Finance Lease Cost:
Amortization of right-of-use asset	$ 199	$ 254
Interest expense	212	224
Operating lease cost	318	393
Total Lease Cost	$ 729	$ 871
Operating lease rent expense			$ 541

LEASES - Maturity Schedule (Det

LEASES - Maturity Schedule (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Operating
2021	$ 291
2022	298
2023	273
2024	262
2025	265
2026 and thereafter	2,911
Total undiscounted cash flows	4,300
Discount on cash flows	(1,125)
Total lease liability	3,175	$ 4,170
Finance
2021	282
2022	283
2023	284
2024	290
2025	300
2026 and thereafter	7,704
Total undiscounted cash flows	9,143
Discount on cash flows	(3,668)
Total lease liability	$ 5,475

LEASES - Weighted Average Term

LEASES - Weighted Average Term and Discount Rate (Details)	Dec. 31, 2020
Operating
Weighted-average term (years)	17 years 6 months
Weighted-average discount rate	3.47%
Finance
Weighted-average term (years)	27 years 2 months 12 days
Weighted-average discount rate	3.76%