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Consolidated Statements of Operations (unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest income        
Loans and leases, including fees $ 6,651 $ 7,347 $ 13,468 $ 15,441
Investment securities available for sale 1,763 2,623 3,743 5,082
Deposits in banks 9 28 18 49
Federal funds sold 0 2 0 2
Total Interest Income 8,423 10,000 17,229 20,574
Interest expense        
Deposits 1,573 2,549 3,201 5,274
Short-term borrowings 15 40 308 84
Long-term borrowings 929 1,251 1,821 2,501
Total Interest Expense 2,517 3,840 5,330 7,859
Net Interest Income 5,906 6,160 11,899 12,715
Provision for loan and lease losses 1,515 3,056 1,599 5,140
Net Interest Income after Provision for Loan and Lease Losses 4,391 3,104 10,300 7,575
Other income        
Service charges and fees 277 252 578 509
Income from bank owned life insurance 137 91 275 186
Income related to real estate owned via equity investments 19 495 38 545
Gains on sales of loans and leases 1,964 6 2,005 18
Income from real estate joint ventures 0 0 0 250
Net gains on sales of other real estate owned 255 900 117 1,294
Net gains on the sale of AFS investment securities 20 1,093 159 1,101
Other income 132 331 293 629
Total other-than-temporary impairment losses on investment securities (859) (502) (859) (502)
Portion of loss recognized in other comprehensive loss 0 121 0 121
Net impairment losses recognized in earnings (859) (381) (859) (381)
Total Other Income 1,945 2,787 2,606 4,151
Other expenses        
Employee salaries and benefits 3,167 2,707 6,022 5,361
Professional and legal fees 1,306 1,276 2,310 2,347
OREO impairment 996 2,747 1,049 3,140
OREO and loan collection expenses 670 535 1,418 1,177
Occupancy and equipment 571 572 1,120 1,177
Pennsylvania shares tax 322 312 637 624
FDIC and state assessments 285 561 491 1,086
Directors' fees 107 92 209 168
Loss contingency accrual 400 0 2,000 0
Expenses related to real estate owned via equity investments 0 53 0 101
Impairment on loans held for sale 0 304 0 304
Other operating expenses 768 626 1,403 1,269
Total Other Expenses 8,592 9,785 16,659 16,754
Loss Before Tax Benefit (2,256) (3,894) (3,753) (5,028)
Income tax benefit 0 0 0 0
Net Loss (2,256) (3,894) (3,753) (5,028)
Less net (loss) income attributable to noncontrolling interest (306) 331 (934) 708
Net loss attributable to Royal Bancshares of Pennsylvania, Inc. (1,950) (4,225) (2,819) (5,736)
Less Preferred stock Series A accumulated dividend and accretion 508 499 1,014 997
Net loss available to common shareholders $ (2,458) $ (4,724) $ (3,833) $ (6,733)
Per common share data        
Net loss - basic and diluted (in dollars per share) $ (0.19) $ (0.36) $ (0.29) $ (0.51)