XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest Income        
Loans and leases, including fees $ 7,346 $ 6,456 $ 21,168 $ 17,878
Investment securities 1,099 1,334 3,639 4,250
Deposits in banks 15 8 48 21
Total Interest Income 8,460 7,798 24,855 22,149
Interest Expense        
Deposits 1,086 968 3,193 2,796
Short-term borrowings 53 5 85 5
Long-term borrowings 763 663 2,111 1,997
Total Interest Expense 1,902 1,636 5,389 4,798
Net Interest Income 6,558 6,162 19,466 17,351
Provision (credit) for loan and lease losses 578 (216) 987 (1,382)
Net Interest Income after Provision (Credit) for Loan and Lease Losses 5,980 6,378 18,479 18,733
Non-interest Income        
Service charges and fees 396 298 989 832
Net gains on sales of loans and leases 71 0 71 0
Income from company owned life insurance 192 124 847 372
Net gains on the sale of AFS investment securities 280 80 1,382 652
Total other-than-temporary impairment on AFS investment securities (35) 0 (181) 0
Other income 285 75 361 205
Total Non-interest Income 1,189 577 3,469 2,061
Non-interest Expense        
Employee salaries and benefits 2,710 2,655 8,036 7,825
Loss Contingency, Loss in Period (200) 0 (200) 0
Occupancy and equipment 705 736 2,093 2,212
Professional and legal fees 415 380 1,321 1,314
Net OREO expenses 256 263 469 371
Pennsylvania shares tax expense 154 113 393 338
FDIC and state assessments 111 158 455 533
Communications and data processing 257 214 748 607
(Credit) provision for credit losses on off-balance sheet credit exposures (65) (68) (236) 282
Directors' fees 95 114 335 349
Marketing and advertising 65 38 209 185
Insurance 87 78 270 244
Loan collection expenses 21 138 128 273
Other operating expenses 390 423 1,247 1,175
Total Non-interest Expense 5,001 5,242 15,268 15,708
Income Before Tax Expense 2,168 1,713 6,680 5,086
Income Tax Expense 25 0 85 0
Net Income 2,143 1,713 6,595 5,086
Less Net Income (Loss) Attributable to Noncontrolling Interest 113 179 342 500
Net Income Attributable to Royal Bancshares of Pennsylvania, Inc. 2,030 1,534 6,253 4,586
Less Preferred Stock Series A Accumulated Dividend and Accretion 342 434 1,014 1,287
Net Income Available to Common Shareholders $ 1,688 $ 1,100 $ 5,239 $ 3,299
Per Common Share Data        
Net Income - Basic and Diluted $ 0.06 $ 0.04 $ 0.17 $ 0.11