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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Interest income    
Loans and leases, including fees $ 21,741 $ 25,266
Investment securities available for sale 5,757 6,677
Deposits in banks 26 38
Total Interest Income 27,524 31,981
Interest expense    
Deposits 4,022 5,898
Short-term borrowings 22 309
Long-term borrowings 3,313 3,692
Total Interest Expense 7,357 9,899
Net Interest Income 20,167 22,082
(Credit) provision for loan and lease losses (872) 5,997
Net Interest Income after (Credit) Provision for Loan and Lease Losses 21,039 16,085
Non-interest income    
Gain on sale of premises and equipment 2,524 0
Net gains on sales of other real estate owned 1,427 363
Service charges and fees 1,323 1,218
Gains on sales of loans and leases 686 2,057
Income from bank owned life insurance 539 553
Net gains on the sale of AFS investment securities 158 1,030
Other income 207 747
Total other-than-temporary impairment losses on investment securities 0 (2,359)
Total Non-interest Income 6,864 3,609
Non-interest expense    
Salaries and benefits 10,276 11,576
Professional and legal fees 2,954 4,180
OREO expenses and impairment charges 2,785 8,401
Occupancy and equipment 2,281 2,192
Loss contingency 1,750 0
Pennsylvania shares tax 1,123 1,148
FDIC and state assessments 1,038 1,056
Loan collection expenses 557 465
Directors fees 490 401
Restructuring charges 361 0
Impairment of loans held for sale 153 2,002
Department of Justice fine 0 2,000
Other operating expenses 2,562 2,903
Total Non-interest Expense 26,330 36,324
Income (Loss) Before Income Taxes 1,573 (16,630)
Income tax expense 42 0
Net Income (Loss) 1,531 (16,630)
Less net loss attributable to noncontrolling interest (578) (1,005)
Net Income (Loss) Attributable to Royal Bancshares of Pennsylvania, Inc. 2,109 (15,625)
Less Preferred stock Series A accumulated dividend and accretion 2,075 2,038
Net Income (Loss) to Common Shareholders $ 34 $ (17,663)
Net Income (Loss) - basic and diluted (in dollars per share) $ 0 $ (1.33)