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| 22 Selected Financial Data Penns Woods Bancorp, Inc. Source: Company documents. (In Thousands) 2023 2022 2022 2021 2020 2019 2018 RESULTS OF OPERATIONS Net interest income $ 27,684 $ 26,700 $ 57,780 $ 49,718 $ 48,223 $ 50,815 $ 47,810 Provision for credit losses (1,109) 480 1,910 640 2,625 2,735 1,735 Non-interest income 4,279 4,549 8,713 11,669 12,168 10,452 9,461 Non-interest expense 22,327 21,427 42,998 40,905 39,068 39,708 38,007 Income before income taxes 10,745 9,342 21,585 19,842 18,698 18,824 17,529 Income tax expense 1,916 1,679 4,163 3,794 3,474 3,138 2,819 Consolidated net income 8,829 7,663 17,422 16,048 15,224 15,686 14,710 Earnings attributable to noncontrolling interest - - - 1 5 1 8 1 4 6 Net income attributable to PWB $ 8,829 $ 7,663 $ 17,422 $ 16,033 $ 15,206 $ 15,672 $ 14,704 FINANCIAL CONDITION Assets $ 2,135,319 $ 1,891,806 $ 2,000,080 $ 1,940,809 $ 1,834,643 $ 1,665,323 $ 1,684,771 Liabilities 1,960,917 1,725,752 1,832,415 1,768,535 1,670,497 1,510,341 1,541,227 Shareholders' equity 174,402 166,054 167,665 172,274 164,146 154,982 143,544 Loans, gross 1,769,403 1,489,132 1,639,731 1,392,147 1,344,327 1,355,544 1,384,757 Allowance for credit losses 11,592 14,393 15,637 14,176 13,803 11,894 13,837 Investment securities 212,207 207,082 213,986 182,229 178,966 163,459 154,959 Goodwill 16,450 17,104 16,450 17,104 17,104 17,104 17,104 Intangible assets 260 396 327 480 671 898 1,162 Non-interest bearing deposits 475,937 524,288 519,063 494,360 449,357 334,746 320,814 Interest bearing deposits 1,077,820 1,065,291 1,037,397 1,126,955 1,045,086 989,259 899,089 Borrowings 383,102 118,338 256,132 131,710 158,719 166,840 306,807 At or For the Six Months Ended June 30 At or For the Year Ended December 31 |