Commitments, Contingencies, and Concentrations (Tables)

3 Months Ended

Mar. 31, 2016

Commitments, Contingencies, and Concentrations [Abstract]

Contracts of financial instruments represent credit risk

	March 31,		December 31,
(In thousands)	2016		2015
Financial instruments whose contract amounts represent credit risk:
Open-end lines of credit	$	67,986	$	72,988
Commitments to extend credit		31,927		8,497
Standby letters of credit and financial guarantees written		278		515

In March 2016, we commenced renovations of a 3-story Company-owned building in Narberth, Pennsylvania. It is the site of Royal Bank’s main branch location.  The branch will remain open during construction.  We expect the project to be completed later this year for an approximate cost of $1.3 million.  Its our intention to lease the second and third floors as a revenue source.