XML 64 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations - (unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest Income        
Loans and leases, including fees $ 5,250 $ 5,444 $ 10,474 $ 10,905
Investment securities AFS 1,954 1,291 3,876 2,575
Deposits in banks 5 8 10 15
Total Interest Income 7,209 6,743 14,360 13,495
Interest Expense        
Deposits 899 1,005 1,812 2,078
Short-term borrowings 8 11 12 11
Long-term borrowings 715 781 1,423 1,688
Total Interest Expense 1,622 1,797 3,247 3,777
Net Interest Income 5,587 4,946 11,113 9,718
Credit for loan and lease losses (75) (163) (714) (414)
Net Interest Income after Credit for Loan and Lease Losses 5,662 5,109 11,827 10,132
Non-interest Income        
Service charges and fees 218 325 531 638
Gains on sales of loans and leases 6   143 16
Net gains on sales of other real estate owned 331 418 460 580
Income from bank owned life insurance 126 131 255 267
Gain on sale of premises and equipment   2   678
Net gains on the sale of AFS investment securities 92 25 92 70
Other income 43 60 107 120
Total Non-interest Income 816 961 1,588 2,369
Non-interest Expense        
Employee salaries and benefits 2,421 2,662 4,801 5,451
Loss contingency   1,650   1,650
Occupancy and equipment 621 546 1,251 1,116
Professional and legal fees 389 808 992 1,468
OREO expenses and impairment 452 528 738 897
Pennsylvania shares tax (7) 283 268 557
FDIC and state assessments 254 261 509 528
Communications and data processing 166 180 319 273
Directors' fees 110 117 231 218
Marketing and advertising 123 66 239 111
Insurance 90 137 200 173
Loan collection expenses 118 142 157 278
Impairment of loans held for sale   53   153
Restructuring charges   24   111
Other operating expenses 294 110 648 723
Total Non-interest Expense 5,031 7,567 10,353 13,707
Income Before Tax Expense (Benefit) 1,447 (1,497) 3,062 (1,206)
Net Income 1,447 (1,497) 3,062 (1,206)
Less Net Income Attributable to Noncontrolling Interest 69 (694) 187 (521)
Net Income Attributable to Royal Bancshares of Pennsylvania, Inc. 1,378 (803) 2,875 (685)
Less Preferred Stock Series A Accumulated Dividend and Accretion 829 518 1,492 1,033
Net Income (Loss) Available to Common Shareholders $ 549 $ (1,321) $ 1,383 $ (1,718)
Per Common Share Data        
Net Income (Loss) - Basic and Diluted (in dollars per share) $ 0.04 $ (0.10) $ 0.10 $ (0.13)