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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest income    
Loans and leases, including fees$ 7,545$ 10,471$ 22,986$ 32,921
Taxable interest2,4853,2037,56711,476
Deposits in banks184567118
Federal funds sold1030
Total Interest Income10,04913,71930,62344,515
Interest expense    
Deposits1,9323,9407,20613,419
Short-term borrowings409001243,236
Long-term borrowings1,2451,3173,7463,924
Obligations related to real estate owned via equity investments00022
Total Interest Expense3,2176,15711,07620,601
Net Interest Income6,8327,56219,54723,914
Provision for loan and lease losses4282,1945,5688,387
Net Interest Income after Provision for Loan and Lease Losses6,4045,36813,97915,527
Other income    
Service charges and fees312359821935
Income from bank owned life insurance9295278283
Income related to real estate owned via equity investments1372806821,060
Gains on sales of loans and leases33951637
Income from real estate joint ventures002500
Net gains on sales of other real estate owned2064041,500735
Net gains on the sale of AFS investment securities4646381,5651,219
Other income244176873456
Total other-than-temporary impairment losses on investment securities(1,415)(138)(1,796)(479)
Portion of loss recognized in other comprehensive loss0000
Net impairment losses recognized in earnings(1,415)(138)(1,796)(479)
Total Other Income731,8234,2244,846
Other expenses    
Employee salaries and benefits2,8582,9308,2198,684
OREO impairment1,4932,0614,6333,823
Professional and legal fees9049403,2512,873
OREO and loan collection expenses826492,0031,407
Occupancy and equipment5627651,7392,352
FDIC and state assessments4537321,5392,361
Pennsylvania shares tax3123269361,065
Directors' fees8492252271
Stock option expense23506929
Expenses related to real estate owned via equity investments23117124382
Impairment of loans held for sale003040
Impairment of real estate joint ventures0001,552
Impairment related to real estate owned via equity investments01,70001,700
Other operating expenses5715711,7941,926
Total Other Expenses8,10910,33324,86328,425
Loss Before Taxes(1,632)(3,142)(6,660)(8,052)
Income taxes0000
Net Loss(1,632)(3,142)(6,660)(8,052)
Less net income (loss) attributable to noncontrolling interest261(347)969354
Net loss attributable to Royal Bancshares of Pennsylvania, Inc.(1,893)(2,795)(7,629)(8,406)
Less Preferred stock Series A accumulated dividend and accretion5024941,4991,475
Net loss available to common shareholders$ (2,395)$ (3,289)$ (9,128)$ (9,881)
Per common share data    
Net loss - basic and diluted (in dollars per share)$ (0.18)$ (0.25)$ (0.69)$ (0.75)