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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Interest Income    
Loans and leases, including fees $ 24,344 $ 21,571
Investment securities AFS 5,617 7,191
Deposits in banks 32 22
Total Interest Income 29,993 28,784
Interest Expense    
Deposits 3,806 3,604
Short-term borrowings 14 13
Long-term borrowings 2,664 2,867
Total Interest Expense 6,484 6,484
Net Interest Income 23,509 22,300
Credit for loan and lease losses (748) (867)
Net Interest Income after Credit for Loan and Lease Losses 24,257 23,167
Non-interest Income    
Service charges and fees 1,126 1,032
Net gains on sales of loans and leases   232
Net gains on sales of other real estate owned 919 743
Gain on sale of premises and equipment 324 107
Income from bank owned life insurance 497 512
Net gains on the sale of AFS investment securities 900 377
Total other-than-temporary impairment on AFS investment securities (14) (41)
Other income 280 573
Total Non-interest Income 4,032 3,535
Non-interest Expense    
Employee salaries and benefits 10,441 10,164
Occupancy and equipment 2,950 2,651
Professional and legal fees 1,731 2,198
OREO expenses and impairment 1,423 959
Pennsylvania shares tax 450 553
FDIC and state assessments 688 1,017
Communications and data processing 798 732
Provision for credit losses on off-balance sheet credit exposures 425 6
Directors' fees 459 482
Marketing and advertising 190 357
Insurance 335 350
Loan collection expenses 422 331
Other operating expenses 1,592 2,064
Total Non-interest Expense 21,904 21,864
Income Before Tax (Benefit) Expense 6,385 4,838
Income Tax (Benefit) Expense (5,139) (654)
Net Income 11,524 5,492
Less Net Income (Loss) Attributable to Noncontrolling Interest 531 382
Net Income Attributable to Royal Bancshares of Pennsylvania, Inc. 10,993 5,110
Less Preferred Stock Series A Accumulated Dividend and Accretion 1,721 2,078
Net Income Available to Common Shareholders $ 9,272 $ 3,032
Per Common Share Data    
Net Income - Basic and Diluted $ 0.31 $ 0.14