Codorus Valley Bancorp Inc., the parent company of PeoplesBank, on Wednesday announced a 24 percent increase in its first-quarter earnings.

Net income available to shareholders was 58 cents per basic share or 57 cents per diluted share, compared to 48 cents per basic share or 47 cents per diluted share during the first quarter of 2012.

Total assets were approximately $1.06 billion for the first quarter, which is a $34 million increase from the previous year.