FORM 10-Q/A
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
THIS DOCUMENT IS AN AMENDMENT TO THE ORIGINALLY FILED FORM 10-Q FOR THE PERIOD
ENDED JUNE 30, 1996 PREVIOUSLY FILED AUGUST 14TH, 1996.
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
for the quarterly period ended: JUNE 30,1996
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from: to
Commission file number:0-26366
ROYAL BANCSHARES OF PENNSYLVANIA,INC.
(Exact name of the bank as specified in its charter)
PENNSYLVANIA 23-2812193
State or other jurisdiction of (IRS Employer
incorporated or organization)
identification No.)
732 MONTGOMERY AVENUE, NARBERTH, PA 19072
(Address of principal Executive Offices)
(610)668-4700
(Registrant's telephone number, including area code)
N/A
(Former name, former address and former fiscal year, if changed since
last report)
Indicate by check mark whether the bank (1) has filed all reports required to be
filed by Section 13 of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the bank was required to file such
reports), and (2) has been subject to such filing requirements for the past 90
days.
Yes X No
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
Class A Common Stock Outstanding at June 30,1996 $2.00 PAR VALUE
6,464,308
Class B Common Stock Outstanding at June 30, 1996 $.10 PAR VALUE
1,609,848
SIGNATURES
Pursuant to the requirements of the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
ROYAL BANCSHARES OF PENNSYLVANIA, INC.
(Registrant)
Dated: December 2, 1996:
/s/ James J. McSwiggan, Chief Financial Officer & Treasurer
---------------------------------------------------------
Dated: December 2,1996:
/s/ David J. Greenfield, Controller
---------------------------------------------------------
<TABLE> <S> <C>
<ARTICLE> 9
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<CASH> 11,171,425
<INT-BEARING-DEPOSITS> 1,213,752
<FED-FUNDS-SOLD> 22,825,000
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 3,620,426
<INVESTMENTS-CARRYING> 110,972,422
<INVESTMENTS-MARKET> 110,601,039
<LOANS> 188,112,825
<ALLOWANCE> 9,655,867
<TOTAL-ASSETS> 345,329,516
<DEPOSITS> 249,486,527
<SHORT-TERM> 631,000
<LIABILITIES-OTHER> 10,473,924
<LONG-TERM> 4,837,084
0
0
<COMMON> 13,089,600
<OTHER-SE> 66,811,381
<TOTAL-LIABILITIES-AND-EQUITY> 345,329,516
<INTEREST-LOAN> 11,177,174
<INTEREST-INVEST> 4,310,303
<INTEREST-OTHER> 0
<INTEREST-TOTAL> 15,487,477
<INTEREST-DEPOSIT> 4,864,428
<INTEREST-EXPENSE> 5,005,377
<INTEREST-INCOME-NET> 10,482,100
<LOAN-LOSSES> 0
<SECURITIES-GAINS> 0
<EXPENSE-OTHER> 4,321,169
<INCOME-PRETAX> 6,160,931
<INCOME-PRE-EXTRAORDINARY> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 4,312,652
<EPS-PRIMARY> .54
<EPS-DILUTED> .54
<YIELD-ACTUAL> 6.70
<LOANS-NON> 4,856,210
<LOANS-PAST> 0
<LOANS-TROUBLED> 216,000
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 9,746,559
<CHARGE-OFFS> 266,481
<RECOVERIES> 175,789
<ALLOWANCE-CLOSE> 9,655,867
<ALLOWANCE-DOMESTIC> 0
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 0
</TABLE>
