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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest Income        
Loans and leases, including fees $ 5,723 $ 5,250 $ 11,422 $ 10,474
Investment securities AFS 1,340 1,954 2,916 3,876
Deposits in banks 8 5 13 10
Total Interest Income 7,071 7,209 14,351 14,360
Interest Expense        
Deposits 920 899 1,828 1,812
Short-term borrowings   8   12
Long-term borrowings 671 715 1,334 1,423
Total Interest Expense 1,591 1,622 3,162 3,247
Net Interest Income 5,480 5,587 11,189 11,113
Credit for loan and lease losses (586) (75) (1,166) (714)
Net Interest Income after Credit for Loan and Lease Losses 6,066 5,662 12,355 11,827
Non-interest Income        
Service charges and fees 339 218 534 531
Net gains on sales of loans and leases   6   143
Net gains on sales of other real estate owned 366 331 646 460
Income from bank owned life insurance 122 126 248 255
Net gains on the sale of AFS investment securities 385 92 572 92
Other income 71 43 130 107
Total Non-interest Income 1,283 816 2,130 1,588
Non-interest Expense        
Employee salaries and benefits 2,559 2,421 5,170 4,801
Occupancy and equipment 720 621 1,476 1,251
Professional and legal fees 511 389 934 992
OREO expenses and impairment 432 452 754 738
Pennsylvania shares tax 112 (7) 225 268
FDIC and state assessments 182 254 375 509
Communications and data processing 193 166 393 319
Provision for credit losses on off-balance sheet credit exposures 223 (88) 350 (9)
Directors' fees 117 110 235 231
Marketing and advertising 102 123 147 239
Insurance 88 90 166 200
Loan collection expense 95 118 135 157
Other operating expenses 403 382 752 657
Total Non-interest Expense 5,737 5,031 11,112 10,353
Income Before Tax (Benefit) Expense 1,612 1,447 3,373 3,062
Net Income 1,612 1,447 3,373 3,062
Less Net Income (Loss) Attributable to Noncontrolling Interest 151 69 321 187
Net Income Attributable to Royal Bancshares of Pennsylvania, Inc. 1,461 1,378 3,052 2,875
Less Preferred Stock Series A Accumulated Dividend and Accretion 429 829 853 1,492
Net Income Available to Common Shareholders $ 1,032 $ 549 $ 2,199 $ 1,383
Per Common Share Data        
Net Income - Basic and Diluted $ 0.03 $ 0.04 $ 0.07 $ 0.10