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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest Income    
Loans and leases, including fees $ 7,916 $ 6,864
Investment securities 1,026 1,334
Deposits in banks 16 16
Total Interest Income 8,958 8,214
Interest Expense    
Deposits 1,117 1,040
Short-term borrowings 66 12
Long-term borrowings 758 671
Total Interest Expense 1,941 1,723
Net Interest Income 7,017 6,491
Provision (credit) for loan and lease losses 297 212
Net Interest Income after Provision (Credit) for Loan and Lease Losses 6,720 6,279
Non-interest Income    
Service charges and fees 363 316
Net gains on sales of loans and leases (50) 0
Income from company owned life insurance 112 467
Gain on sale of premises and equipment 73 0
Net gains on the sale of AFS investment securities 0 367
Other income 13 57
Total Non-interest Income 511 1,207
Non-interest Expense    
Employee salaries and benefits 2,780 2,718
Occupancy and equipment 767 724
Professional and legal fees 385 392
Net OREO expenses (189) 219
Pennsylvania shares tax expense 169 113
FDIC and state assessments 222 173
Communications and data processing 247 247
(Credit) provision for credit losses on off-balance sheet credit exposures 8 (150)
Directors' fees 216 141
Insurance 100 90
Merger expenses 243 0
Other operating expenses 428 554
Total Expenses 5,376 5,221
Income Before Tax Expense 1,855 2,265
Income Tax Expense 0 0
Net Income 1,855 2,265
Less Net Income (Loss) Attributable to Noncontrolling Interest 43 76
Net Income Attributable to Royal Bancshares of Pennsylvania, Inc. 1,812 2,189
Less Preferred Stock Series A Accumulated Dividend and Accretion 0 334
Net Income Available to Common Shareholders $ 1,812 $ 1,855
Per Common Share Data    
Net Income - Basic and Diluted $ 0.06 $ 0.06