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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest Income        
Loans and leases, including fees $ 6,456 $ 5,451 $ 17,878 $ 15,925
Investment securities AFS 1,334 1,734 4,250 5,610
Deposits in banks 8 6 21 16
Total Interest Income 7,798 7,191 22,149 21,551
Interest Expense        
Deposits 968 900 2,796 2,712
Short-term borrowings 5 1 5 13
Long-term borrowings 663 722 1,997 2,145
Total Interest Expense 1,636 1,623 4,798 4,870
Net Interest Income 6,162 5,568 17,351 16,681
Credit for loan and lease losses (216) (51) (1,382) (765)
Net Interest Income after Credit for Loan and Lease Losses 6,378 5,619 18,733 17,446
Non-interest Income        
Service charges and fees 298 248 832 779
Net gains on sales of loans and leases   80   223
Net gains on sales of other real estate owned 123 173 769 633
Gain on sale of premises and equipment   107   107
Income from bank owned life insurance 124 129 372 384
Net gains on the sale of AFS investment securities 80 238 652 330
Other income 75 229 205 336
Total Non-interest Income 700 1,204 2,830 2,792
Non-interest Expense        
Employee salaries and benefits 2,655 2,704 7,825 7,505
Occupancy and equipment 736 614 2,212 1,865
Professional and legal fees 380 570 1,314 1,562
OREO expenses and impairment 386 154 1,140 892
Pennsylvania Shares Tax 113 138 338 406
FDIC and state assessments 158 261 533 770
Communications and data processing 214 166 607 485
Provision for credit losses on off-balance sheet credit exposures (68) 14 282 5
Directors' fees 114 129 349 360
Marketing and advertising 38 86 185 325
Insurance 78 89 244 289
Loan collection expense 138 70 273 227
Other operating expenses 423 380 1,175 1,037
Total Non-interest Expense 5,365 5,375 16,477 15,728
Income Before Tax (Benefit) Expense 1,713 1,448 5,086 4,510
Net Income 1,713 1,448 5,086 4,510
Less Net Income (Loss) Attributable to Noncontrolling Interest 179 25 500 212
Net Income Attributable to Royal Bancshares of Pennsylvania, Inc. 1,534 1,423 4,586 4,298
Less Preferred Stock Series A Accumulated Dividend and Accretion 434 152 1,287 1,644
Net Income Available to Common Shareholders $ 1,100 $ 1,271 $ 3,299 $ 2,654
Per Common Share Data        
Net Income - Basic and Diluted $ 0.04 $ 0.05 $ 0.11 $ 0.15