XML 15 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations - (unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income        
Loans and leases, including fees $ 5,426,000 $ 6,298,000 $ 16,331,000 $ 19,766,000
Investment securities available-for-sale 1,528,000 1,453,000 4,103,000 5,196,000
Deposits in banks 6,000 10,000 21,000 28,000
Total Interest Income 6,960,000 7,761,000 20,455,000 24,990,000
Interest expense        
Deposits 983,000 1,440,000 3,061,000 4,641,000
Short-term borrowings 6,000 1,000 17,000 309,000
Long-term borrowings 901,000 938,000 2,589,000 2,759,000
Total Interest Expense 1,890,000 2,379,000 5,667,000 7,709,000
Net Interest Income 5,070,000 5,382,000 14,788,000 17,281,000
Provision (credit) for loan and lease losses 218,000 1,761,000 (196,000) 3,360,000
Net Interest Income after Provision (Credit) for Loan and Lease Losses 4,852,000 3,621,000 14,984,000 13,921,000
Other income        
Net gains on sales of other real estate owned 629,000 228,000 1,209,000 345,000
Gain on sale of premises and equipment 526,000 0 1,204,000 0
Service charges and fees 363,000 315,000 1,001,000 893,000
Gains on sales of loans and leases 241,000 39,000 257,000 2,044,000
Income from bank owned life insurance 134,000 139,000 401,000 414,000
Income related to real estate owned via equity investments 0 18,000 0 56,000
Net (losses) gains on the sale of AFS investment securities (1,000) 225,000 69,000 384,000
Other income 45,000 187,000 165,000 480,000
Total other-than-temporary impairment on investment securities 0 0 0 (859,000)
Total Other Income 1,937,000 1,151,000 4,306,000 3,757,000
Other expenses        
Employee salaries and benefits 2,547,000 2,866,000 7,998,000 8,911,000
OREO expenses and impairment 844,000 2,624,000 1,741,000 4,898,000
Professional and legal fees 569,000 986,000 2,037,000 3,296,000
Occupancy and equipment 566,000 499,000 1,682,000 1,619,000
Pennsylvania shares tax 283,000 314,000 840,000 951,000
FDIC and state assessments 253,000 287,000 781,000 778,000
Directors' fees 138,000 95,000 356,000 304,000
Loan collection expenses 130,000 133,000 408,000 326,000
Restructuring charges 119,000 0 230,000 0
Loss contingency 0 0 1,650,000 0
Impairment of loans held for sale 0 856,000 153,000 856,000
Department of Justice fine 0 0 0 2,000,000
Other operating expenses 841,000 749,000 2,121,000 2,129,000
Total Other Expenses 6,290,000 9,409,000 19,997,000 26,068,000
Income (Loss) Before Tax Benefit 499,000 (4,637,000) (707,000) (8,390,000)
Income tax expense (benefit) 0 0 0 0
Net Income (Loss) 499,000 (4,637,000) (707,000) (8,390,000)
Less net income (loss) attributable to noncontrolling interest 157,000 175,000 (364,000) (759,000)
Net income (loss) attributable to Royal Bancshares of Pennsylvania, Inc. 342,000 (4,812,000) (343,000) (7,631,000)
Less Preferred stock Series A accumulated dividend and accretion 520,000 511,000 1,553,000 1,525,000
Net loss to common shareholders $ (178,000) $ (5,323,000) $ (1,896,000) $ (9,156,000)
Per common share data        
Net loss - basic and diluted (in dollars per share) $ (0.01) $ (0.40) $ (0.14) $ (0.69)