XML 15 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest Income    
Loans and leases, including fees $ 6,864 $ 5,699
Investment securities AFS 1,334 1,576
Deposits in banks 16 5
Total Interest Income 8,214 7,280
Interest Expense    
Deposits 1,040 908
Short-term borrowings 12 0
Long-term borrowings 671 663
Total Interest Expense 1,723 1,571
Net Interest Income 6,491 5,709
Credit for loan and lease losses 212 (580)
Net Interest Income after Credit for Loan and Lease Losses 6,279 6,289
Non-interest Income    
Service charges and fees 316 195
Income from bank owned life insurance 467 126
Net gains on the sale of AFS investment securities 367 187
Other income 57 59
Total Non-interest Income 1,207 567
Non-interest Expense    
Employee salaries and benefits 2,718 2,611
Occupancy and equipment 724 756
Professional and legal fees 392 423
Net OREO expenses 219 42
Pennsylvania Shares Tax 113 113
FDIC and state assessments 173 193
Communications and data processing 247 200
(Credit) provision for credit losses on off-balance sheet credit exposures (150) 127
Directors' fees 141 118
Insurance 90 78
Other operating expenses 554 434
Total Non-interest Expense 5,221 5,095
Income Before Tax Expense 2,265 1,761
Income Tax Expense 0 0
Net Income 2,265 1,761
Less Net Income (Loss) Attributable to Noncontrolling Interest 76 170
Net Income Attributable to Royal Bancshares of Pennsylvania, Inc. 2,189 1,591
Less Preferred Stock Series A Accumulated Dividend and Accretion 334 424
Net Income Available to Common Shareholders $ 1,855 $ 1,167
Per Common Share Data    
Net Income - Basic and Diluted $ 0.06 $ 0.04