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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest Income        
Loans and leases, including fees $ 6,958 $ 5,723 $ 13,822 $ 11,422
Investment securities AFS 1,206 1,340 2,540 2,916
Deposits in banks 17 8 33 13
Total Interest Income 8,181 7,071 16,395 14,351
Interest Expense        
Deposits 1,067 920 2,107 1,828
Short-term borrowings 20 0 32 0
Long-term borrowings 677 671 1,348 1,334
Total Interest Expense 1,764 1,591 3,487 3,162
Net Interest Income 6,417 5,480 12,908 11,189
Credit for loan and lease losses 197 (586) 409 (1,166)
Net Interest Income after Credit for Loan and Lease Losses 6,220 6,066 12,499 12,355
Non-interest Income        
Service charges and fees 277 339 593 534
Income from bank owned life insurance 188 122 655 248
Net gains on the sale of AFS investment securities 735 385 1,102 572
Total other-than-temporary impairment on AFS investment securities (146) 0 (146) 0
Other income 19 71 76 130
Total Non-interest Income 1,073 917 2,280 1,484
Non-interest Expense        
Employee salaries and benefits 2,608 2,559 5,326 5,170
Occupancy and equipment 664 720 1,388 1,476
Professional and legal fees 514 511 906 934
Net OREO expenses (6) 66 213 108
Pennsylvania Shares Tax 126 112 239 225
FDIC and state assessments 171 182 344 375
Communications and data processing 244 193 491 393
(Credit) provision for credit losses on off-balance sheet credit exposures (21) 223 (171) 350
Directors' fees 99 117 240 235
Marketing and advertising 67 102 144 147
Insurance 93 88 183 166
Loan collection expenses 66 95 107 135
Other operating expenses 421 403 857 752
Total Non-interest Expense 5,046 5,371 10,267 10,466
Income Before Tax Expense 2,247 1,612 4,512 3,373
Income Tax Expense 60 0 60 0
Net Income 2,187 1,612 4,452 3,373
Less Net Income (Loss) Attributable to Noncontrolling Interest 153 151 229 321
Net Income Attributable to Royal Bancshares of Pennsylvania, Inc. 2,034 1,461 4,223 3,052
Less Preferred Stock Series A Accumulated Dividend and Accretion 338 429 672 853
Net Income Available to Common Shareholders $ 1,696 $ 1,032 $ 3,551 $ 2,199
Per Common Share Data        
Net Income - Basic and Diluted $ 0.06 $ 0.03 $ 0.12 $ 0.07