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Consolidated Statements of Operations (unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest income    
Loans and leases, including fees $ 6,817 $ 8,094
Investment securities available for sale 1,980 2,459
Deposits in banks 9 21
Total Interest Income 8,806 10,574
Interest expense    
Deposits 1,628 2,725
Short-term borrowings 293 44
Long-term borrowings 892 1,250
Obligations related to real estate owned via equity investments 0 0
Total Interest Expense 2,813 4,019
Net Interest Income 5,993 6,555
Provision for loan and lease losses 84 2,084
Net Interest Income after Provision for Loan and Lease Losses 5,909 4,471
Other income    
Service charges and fees 301 257
Income from bank owned life insurance 138 95
Income related to real estate owned via equity investments 19 50
Gains on sales of loans and leases 41 12
Income from real estate joint ventures 0 250
Net (losses) gains on sales of other real estate (138) 394
Net gains on the sale of AFS investment securities 139 8
Other income 161 298
Total Other Income 661 1,364
Other expenses    
Employee salaries and benefits 2,855 2,654
Professional and legal fees 1,004 1,071
Loss contingency accrual 1,600 0
OREO and loan collection expenses 748 642
Occupancy and equipment 549 605
Pennsylvania shares tax 315 312
FDIC and state assessments 206 525
Directors' fees 102 76
OREO impairment 53 393
Stock option expense 14 23
Expenses related to real estate owned via equity investments 0 48
Other operating expenses 621 620
Total Other Expenses 8,067 6,969
Loss Before Income Taxes (1,497) (1,134)
Income tax benefit 0 0
Net Loss (1,497) (1,134)
Less net (loss) income attributable to noncontrolling interest (628) 377
Net Loss Attributable to Royal Bancshares of Pennsylvania, Inc. (869) (1,511)
Less Preferred stock Series A accumulated dividend and accretion 506 498
Net loss available to common shareholders $ (1,375) $ (2,009)
Per common share data    
Net loss per share - basic and diluted (in dollars per share) $ (0.10) $ (0.15)