Summary Of Quarterly Results

12 Months Ended

Dec. 31, 2016

SUMMARY OF QUARTERLY RESULTS (UNAUDITED) [Abstract]

SUMMARY OF QUARTERLY RESULTS (UNAUDITED)

NOTE 25. SUMMARY OF QUARTERLY RESULTS (UNAUDITED)

The following summarizes the consolidated results of operations during 2016 and 2015, on a quarterly basis, for the Company:

	For the year ended December 31, 2016
(In thousands, except per share data)		Fourth Quarter		Third Quarter		Second Quarter		First    Quarter
Interest income	$	8,561	$	8,460	$	8,181	$	8,214
Interest expense		1,926		1,902		1,764		1,723
Net interest income		6,635		6,558		6,417		6,491
Provision for loan and lease losses		255		578		197		212
Net interest income after provision		6,380		5,980		6,220		6,279
Other income		838		1,189		1,073		1,207
Other expenses		4,729		5,001		5,046		5,221
Income before income tax		2,489		2,168		2,247		2,265
Income tax (benefit) expense		(1,881)		25		60		-
Net income	$	4,370	$	2,143	$	2,187	$	2,265
Less net income attributable to noncontrolling interest		248		113		153		76
Net income attributable to Royal Bancshares of Pennsylvania, Inc.	$	4,122	$	2,030	$	2,034	$	2,189
Net income available to common shareholders	$	4,003	$	1,688	$	1,696	$	1,855
Net income per common share
Basic and diluted	$	0.13	$	0.06	$	0.06	$	0.06

		For the year ended December 31, 2015
(In thousands, except per share data)		Fourth Quarter		Third Quarter		Second Quarter		First    Quarter
Interest income	$	7,844	$	7,798	$	7,071	$	7,280
Interest expense		1,686		1,636		1,591		1,571
Net interest income		6,158		6,162		5,480		5,709
Provision (credit) for loan and lease losses		634		(216)		(586)		(580)
Net interest income after provision		5,524		6,378		6,066		6,289
Other income		1,202		700		1,283		847
Other expenses		5,427		5,365		5,737		5,375
Income before income tax		1,299		1,713		1,612		1,761
Income tax benefit		(5,139)		-		-		-
Net income	$	6,438	$	1,713	$	1,612	$	1,761
Less net income attributable to noncontrolling interest		31		179		151		170
Net income attributable to Royal Bancshares of Pennsylvania, Inc.	$	6,407	$	1,534	$	1,461	$	1,591
Net income available to common shareholders	$	5,973	$	1,100	$	1,032	$	1,167
Net income per common share
Basic and diluted	$	0.20	$	0.04	$	0.03	$	0.04