Federal Home Loan Bank Stock	6 Months Ended
Jun. 30, 2011
Investments, All Other Investments [Abstract]
Federal Home Loan Bank Stock	Note 20. Federal Home Loan Bank Stock As a member of the Federal Home Loan Bank of Pittsburgh (“FHLB”), the Company is required to purchase and hold stock in the FHLB to satisfy membership and borrowing requirements. The stock can only be sold to the FHLB or to another member institution, and all sales of FHLB stock must be at par. As a result of these restrictions, there is no active market for the FHLB stock. As of June 30, 2011 and December 31, 2010, FHLB stock totaled $9.4 million and $10.4 million, respectively. In December 2008, the FHLB voluntarily suspended dividend payments on its stock, as well as the repurchase of excess stock from members. The FHLB cited a significant reduction in the level of core earnings resulting from lower short-term interest rates, the increased cost of liquidity, and constrained access to the debt markets at attractive rates and maturities as the main reasons for the decision to suspend dividends and the repurchase of excess capital stock. The FHLB last paid a dividend in the third quarter of 2008. In the fourth quarter of 2010, the FHLB began partially repurchasing excess capital stock and repurchased $1.0 million from the Company during the first two quarters of 2011. The suspension of the dividend remains in effect. FHLB stock is held as a long-term investment and its value is determined based on the ultimate recoverability of the par value. The Company evaluates impairment quarterly. The decision of whether impairment exists is a matter of judgment that reflects management's view of the FHLB's long-term performance, which includes factors such as the following: (1) its operating performance, (2) the severity and duration of declines in the fair value of its net assets related to its capital stock amount, (3) its liquidity position, and (4) the impact of legislative and regulatory changes on the FHLB. On July 28, 2011, the FHLB filed a Form 8-K to report results for the quarter ended June 30, 2011. For the three months ended June 30, 2011, the FHLB had net income of $12.7 million compared to a net loss of $68.2 million for the three months ended June 30, 2010. The improvement was primarily related to lower OTTI on the FHLB's private label mortgage-backed securities. For the first six months of 2011 net income was $15.2 million compared to a net loss of $58.3 million for the comparable period in 2010 primarily due to the higher OTTI credit-related losses in the 2010 period. OTTI credit losses were $31.3 million and $138.3 million for the six months ended June 30, 2011 and 2010, respectively. At June 30, 2011, the FHLB's regulatory capital was $4.1 billion and the FHLB was in compliance with its risk-based, total and leverage capital requirements. The FHLB has the capacity to issue additional debt if necessary to raise cash. If needed, the FHLB also has the ability to secure funding available to GSEs (government-sponsored entities) through the U.S. Treasury. Based on the capital adequacy and the liquidity position of the FHLB, management believes that the par value of its investment in FHLB stock will be recovered. Accordingly, there is no other-than-temporary impairment related to the carrying amount of the Company's FHLB stock as of June 30, 2011. The FHLB also announced that it would complete a small excess capital stock repurchase on July 29, 2011, which amounted to $469,500 for Royal Bank.

Note 20. Federal Home Loan Bank Stock

As a member of the Federal Home Loan Bank of Pittsburgh (“FHLB”), the Company is required to purchase and hold stock in the FHLB to satisfy membership and borrowing requirements. The stock can only be sold to the FHLB or to another member institution, and all sales of FHLB stock must be at par. As a result of these restrictions, there is no active market for the FHLB stock. As of June 30, 2011 and December 31, 2010, FHLB stock totaled $9.4 million and $10.4 million, respectively.

In December 2008, the FHLB voluntarily suspended dividend payments on its stock, as well as the repurchase of excess stock from members. The FHLB cited a significant reduction in the level of core earnings resulting from lower short-term interest rates, the increased cost of liquidity, and constrained access to the debt markets at attractive rates and maturities as the main reasons for the decision to suspend dividends and the repurchase of excess capital stock. The FHLB last paid a dividend in the third quarter of 2008. In the fourth quarter of 2010, the FHLB began partially repurchasing excess capital stock and repurchased $1.0 million from the Company during the first two quarters of 2011. The suspension of the dividend remains in effect.

FHLB stock is held as a long-term investment and its value is determined based on the ultimate recoverability of the par value. The Company evaluates impairment quarterly. The decision of whether impairment exists is a matter of judgment that reflects management's view of the FHLB's long-term performance, which includes factors such as the following: (1) its operating performance, (2) the severity and duration of declines in the fair value of its net assets related to its capital stock amount, (3) its liquidity position, and (4) the impact of legislative and regulatory changes on the FHLB. On July 28, 2011, the FHLB filed a Form 8-K to report results for the quarter ended June 30, 2011. For the three months ended June 30, 2011, the FHLB had net income of $12.7 million compared to a net loss of $68.2 million for the three months ended June 30, 2010. The improvement was primarily related to lower OTTI on the FHLB's private label mortgage-backed securities. For the first six months of 2011 net income was $15.2 million compared to a net loss of $58.3 million for the comparable period in 2010 primarily due to the higher OTTI credit-related losses in the 2010 period. OTTI credit losses were $31.3 million and $138.3 million for the six months ended June 30, 2011 and 2010, respectively. At June 30, 2011, the FHLB's regulatory capital was $4.1 billion and the FHLB was in compliance with its risk-based, total and leverage capital requirements. The FHLB has the capacity to issue additional debt if necessary to raise cash. If needed, the FHLB also has the ability to secure funding available to GSEs (government-sponsored entities) through the U.S. Treasury. Based on the capital adequacy and the liquidity position of the FHLB, management believes that the par value of its investment in FHLB stock will be recovered. Accordingly, there is no other-than-temporary impairment related to the carrying amount of the Company's FHLB stock as of June 30, 2011. The FHLB also announced that it would complete a small excess capital stock repurchase on July 29, 2011, which amounted to $469,500 for Royal Bank.