BRYN MAWR BANK CORP - FORM 8-K - EX-99.1 - EXHIBIT 99.1

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8-K - FORM 8-K - BRYN MAWR BANK CORP	bmtc20150723_8k.htm

Exhibit 99.1

Bryn Mawr Bank Corporation

FOR RELEASE: IMMEDIATELY	Frank Leto, President, CEO
FOR MORE INFORMATION CONTACT:	610-581-4730
	David Takats, CFO
	610-581-4801

Bryn Mawr Bank Corporation Posts Record Second Quarter Earnings of $8.1 Million, Increases Dividend by 5.3% to $0.20, Reports Strong Loan Growth, Wealth Assets Reach Record High of $8.5 Billion

BRYN MAWR, Pa., July 23, 2015 - Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company (the “Bank”), today reported net income of $8.1 million and diluted earnings per share of $0.45 for the three months ended June 30, 2015, as compared to net income of $7.6 million and diluted earnings per share of $0.55 for the same period in 2014.

On a non-GAAP basis, core net income, which excludes due diligence and merger-related expenses and net gain on sale of available for sale investment securities, was $9.0 million, or $0.50 per diluted share, for the second quarter of 2015 as compared to $7.8 million, or $0.56 per diluted share, for the same period in 2014. Management believes these non-GAAP measures are important in evaluating the Corporation’s performance. A reconciliation of the non-GAAP to GAAP performance measures is included in the schedules accompanying this earnings release.

In addition to the fluctuations in securities gains and due diligence and merger-related expenses, the provision for loan and lease losses (the “Provision”) increased by $950 thousand for the three months ended June 30, 2015 as compared to the same period in 2014. On a tax-effected basis, this increase in Provision accounts for a $0.03 decrease in diluted earnings per share for the second quarter of 2015 as compared to the same period in 2014.

“While we continue to integrate Continental’s operations into Bryn Mawr’s, we are very pleased with the strong results for the second quarter, as well as the solid loan growth that we experienced during the quarter,” commented Frank Leto, President and Chief Executive Officer. Mr. Leto continued, “With an increase in our quarterly core earnings of $1.2 million, year over year, we are beginning to realize the significant contributions that the Continental merger, as well as our recent insurance acquisitions, are making to our bottom line. Once we have completed the Continental systems conversion, scheduled for the fourth quarter of 2015, we will begin to fully realize the anticipated cost savings, as many of the redundant costs will be eliminated.”

On July 23, 2015, the Board of Directors of the Corporation declared a quarterly dividend of $0.20 per share, payable September 1, 2015 to shareholders of record as of August 4, 2015.

SIGNIFICANT ITEMS OF NOTE

Results of Operations – 2nd Quarter 2015 Compared to 2nd Quarter 2014

●	Net income of $8.1 million for the three months ended June 30, 2015 increased $515 thousand, or 6.8%, from $7.6 million for the same period in 2014.

●

Net interest income for the three months ended June 30, 2015 was $25.1 million, an increase of $5.6 million, or 28.9%, from $19.4 million for the same period in 2014. The increase in net interest income between the periods was largely related to the interest income generated by loans acquired in the January 1, 2015 merger with Continental Bank Holdings, Inc. (“CBHI” and the “Merger”). Average loans for the three months ended June 30, 2015 increased by $517.7 million from the same period in 2014. The increase in interest income resulting from loans acquired in the Merger was partially offset by an increase in interest expense on interest-bearing deposits. Average interest-bearing deposits for the three months ended June 30, 2015 increased by $446.1 million as compared to the same period in 2014, primarily related to the deposits acquired in Merger.

●

The tax-equivalent net interest margin of 3.81% for the three months ended June 30, 2015 was a 22 basis point decrease from 4.03% for the same period in 2014. The decrease was largely the result of the 15 basis point decline in tax-equivalent yield on portfolio loans, accompanied by a $517.7 million increase in average portfolio loan balances. In addition, average interest-bearing deposits, which increased by $446.1 million, included a 2 basis point increase in the tax-equivalent rate paid. The decline in yield on portfolio loans was primarily related to the lower yields earned on the loans acquired in the Merger. The contribution of fair value mark accretion to the tax equivalent net interest margin accounted for 23 basis points of the margin for the second quarter of 2015 as compared to 20 basis points for the same period in 2014.

●

Non-interest income for the three months ended June 30, 2015 increased $1.4 million as compared to the same period in 2014. Contributing to this increase was an increase of $660 thousand in insurance revenues, as the Bank experienced a continued increase in fees and commissions resulting from the October 2014 acquisition of Powers Craft Parker and Beard, Inc. and the April 2015 acquisition of the Robert J. McAllister Agency. These two acquisitions continue to enhance this source of non-interest income. In addition, gain on sale of residential mortgage loans increased by $241 thousand, or 44.9%, for the three months ended June 30, 2015 as compared to the same period in 2014. Residential mortgage loans originated for resale during the second quarter of 2015 totaled $63.3 million, representing a 59.9% increase from the $39.6 million originated in the same period in 2014. Revenue from the Wealth Management Division totaled $9.6 million for the second quarter of 2015 as compared to $9.5 million for the same period in 2014.

●

Non-interest expense for the three months ended June 30, 2015 increased $5.4 million, to $26.0 million, as compared to $20.6 million for the same period in 2014. Increases of $1.4 million, $809 thousand and $1.1 million, in salary and wages, employee benefits and occupancy expenses, respectively, much of which was related to the addition of the Continental staff and offices, contributed to the increase. In addition, due diligence and merger-related costs increased by $917 thousand from the second quarter of 2014, largely due to the Merger and the ongoing integration efforts. Due diligence and merger-related expenses include consultant costs, investment banker fees, contract breakage fees, retention bonuses for severed employees, as well as salary and wages for redundant staffing involved in the integration of the two institutions.

●

Nonperforming loans and leases of $9.0 million as of June 30, 2015 were 0.42% of total portfolio loans and leases, as compared to $8.4 million, or 0.52% of total portfolio loans and leases as of June 30, 2014. For the three months ended June 30, 2015, the Corporation recorded net loan and lease charge-offs of $187 thousand, as compared to $200 thousand for the same period in 2014. The Provision for the three months ended June 30, 2015 was $850 thousand as compared to a $100 thousand release from the allowance for loan and lease losses (the “Allowance”) for the same period in 2014. Directly correlated with the increase in the Provision was the $64.7 million increase in portfolio loans during the second quarter of 2015.

Results of Operations – 2nd Quarter 2015 Compared to 1st Quarter 2015

●	Net income of $8.1 million for the three months ended June 30, 2015 increased $625 thousand, or 8.3%, from $7.5 million for the three months ended March 31, 2015.

●

Net interest income for the three months ended June 30, 2015 was $25.1 million, an increase of $275 thousand from $24.8 million for the three months ended March 31, 2015. The increase in net interest income between the periods was related to a $404 thousand increase in interest on loans, partially offset by a $174 thousand decrease in interest on investment securities. Average investment securities available for sale decreased by $23.2 million for the second quarter of 2015 as compared to the first quarter of 2015.

●

The tax-equivalent net interest margin of 3.81% for the three months ended June 30, 2015 increased 2 basis points from 3.79% in the first quarter of 2015. The contribution of fair value mark accretion to the tax equivalent net interest margin accounted for 23 basis points of the margin for the second quarter of 2015 as compared to 22 basis points for the first quarter of 2015.

●

Non-interest income for the three months ended June 30, 2015 decreased $588 thousand from the first quarter of 2015. This decrease was primarily related to an $807 thousand decrease in gain on sale of available for sale investment securities and a $316 thousand decrease in dividends on bank stocks. These decreases were partially offset by a $495 thousand increase in wealth management revenue between the periods.

●	Non-interest expense for the three months ended June 30, 2015 decreased $1.4 million, to $26.0 million, as compared to $27.4 million for the first quarter of 2015. Largely accounting for the decrease was a $1.2 million decrease in due diligence and merger-related costs.

●

For the three months ended June 30, 2015, the Corporation recorded net loan and lease charge-offs of $187 thousand, as compared to $859 thousand for the first quarter of 2015. The Provision for the three months ended June 30, 2015 was $850 thousand as compared to $569 thousand for the first quarter of 2015. The primary driver for the Provision increase was the $64.7 million, or 3.1%, increase in portfolio loan balances between March 31, 2015 and June 30, 2015.

Financial Condition – June 30, 2015 Compared to December 31, 2014

●

Total portfolio loans and leases of $2.15 billion as of June 30, 2015 increased by $501.0 million from December 31, 2014. In addition to the $424.2 million of portfolio loans acquired in the Merger, strong organic loan growth of $64.7 million during the second quarter of 2015 occurred as the Bank’s expanded footprint and new team of lenders were able to develop many new lending relationships.

●

The Allowance, as of June 30, 2015, was $15.0 million, or 0.69% of portfolio loans as compared to $14.6 million, or 0.88% of portfolio loans and leases, as of December 31, 2014. The decrease in Allowance as a percentage of portfolio loans and leases was primarily the result of the increase in the balance of portfolio loans from the Merger. Loans acquired in the Merger were marked to their fair value at acquisition, and, as such, no additional Allowance was recorded for the acquired loan portfolio. In order to take this into account when evaluating the adequacy of the Allowance, in addition to other factors, management considers two additional non-GAAP measures: the Allowance as a percentage of originated loans and leases, which was 0.88% as of June 30, 2015 as compared to 0.94% as of December 31, 2014, and the Allowance plus the remaining loan mark, as a percentage of gross loans, which was 1.60% as of June 30, 2015, as compared to 1.27% as of December 31, 2014.

●

Available for sale investment securities as of June 30, 2015 were $349.5 million, an increase of $119.9 million from December 31, 2014. As a result of the Merger, the Corporation acquired $181.8 million of available for sale investment securities. During the first quarter of 2015, the Corporation sold $63.2 million of these acquired available for sale investment securities in order to shorten the overall duration of the investment portfolio. Proceeds from the sale of available for sale investment securities along with excess cash were used to pay down $94.5 million of short-term FHLB advances assumed from CBHI which matured shortly after the Merger was completed, as well as to prepay $19.5 million of long-term FHLB advances which had also been assumed in the Merger.

●

Total assets as of June 30, 2015 were $2.95 billion, an increase of $703.5 million from December 31, 2014. The Continental merger accounted for an initial increase in total assets of $742.6 million. Taking into account the assets acquired in the Merger, portfolio loans and leases increased by $76.8 million, available for sale investment securities decreased by $61.9 million, and FHLB stock decreased by $5.0 million.

●	Wealth assets under management, administration, supervision and brokerage totaled $8.54 billion as of June 30, 2015, an increase of $836.1 million from December 31, 2014.

●

Deposits of $2.26 billion as of June 30, 2015, increased $572.6 million from December 31, 2014. The Merger accounted for an initial increase of $481.7 million of deposits, which included $93.9 million of non-interest-bearing deposits. In addition, an increase of $95.6 million and a decrease of $4.7 million in non-interest-bearing deposits and interest-bearing deposits, respectively, were recorded between the dates. As of June 30, 2015, non-interest-bearing deposits comprised 28.2% of total deposits as compared to 26.5% as of December 31, 2014.

●

The capital ratios for the Bank and the Corporation, as shown in the attached tables, indicate levels well above the regulatory minimum to be considered “well capitalized.” All of the Bank’s and the Corporation’s capital ratios have increased from the levels present at December 31, 2014, largely as a result of the stock issued in the CBHI merger and increases in retained earnings.

Other Items of Note

●

For the three months ended June 30, 2015, the Corporation repurchased 88,800 shares of common stock under its February 2006 stock buyback program at an average purchase price of $29.58 per share. The repurchase was made in order to offset share issuances in connection with the Corporation’s various stock-based compensation awards, which totaled 98,473 shares during the second quarter of 2015.

EARNINGS CONFERENCE CALL

The Corporation will hold an earnings conference call at 8:30 a.m. EDT on Friday, July 24, 2015. Interested parties may participate by dialing (toll-free) 1-877-504-8812 (international (toll) 1-412-902-6656). A recorded replay of the conference call will be available one hour after the conclusion of the call and will remain available through August 7, 2015. The recorded replay may be accessed by dialing (toll-free) 1-877-344-7529 (international (toll) 1-412-317-0088) and the conference number is 10067729.

The conference call will be simultaneously broadcast live over the Internet through a webcast on the investor relations portion of the Bryn Mawr Bank Corporation’s website. To access the call, please visit the website at http://services.choruscall.com/links/bmtc150724.html. An online archive of the webcast will be available within one hour of the conclusion of the call. The Corporation has also recently expanded its Investor Relations website to include added resources and information for shareholders and interested investors. Interested parties are encouraged to utilize the expanded resources of the site for more information on Bryn Mawr Bank Corporation.

FORWARD LOOKING STATEMENTS AND SAFE HARBOR

This press release contains statements which, to the extent that they are not recitations of historical fact may constitute forward-looking statements for purposes of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Such forward-looking statements may include financial and other projections as well as statements regarding the Corporation’s future plans, objectives, performance, revenues, growth, profits, operating expenses or the Corporation’s underlying assumptions. The words “may,” “would,” “should,” “could,” “will,” “likely,” “possibly,” “expect,” “anticipate,” “intend,” “estimate,” “target,” “potentially,” “probably,” “outlook,” “predict,” “contemplate,” “continue,” “plan,” “forecast,” “project,” “are optimistic,” “are looking,” “are looking forward” and “believe” or other similar words and phrases may identify forward-looking statements. Persons reading this press release are cautioned that such statements are only predictions, and that the Corporation’s actual future results or performance may be materially different.

Such forward-looking statements involve known and unknown risks and uncertainties. A number of factors, many of which are beyond the Corporation's control, could cause our actual results, events or developments, or industry results, to be materially different from any future results, events or developments expressed, implied or anticipated by such forward-looking statements, and so our business and financial condition and results of operations could be materially and adversely affected. Such factors include, among others, that the integration of CBHI’s business with the Corporation may take longer than anticipated or be more costly to complete and that the anticipated benefits, including any anticipated cost savings or strategic gains may be significantly harder to achieve or take longer than anticipated or may not be achieved, our need for capital, our ability to control operating costs and expenses, and to manage loan and lease delinquency rates; the credit risks of lending activities and overall quality of the composition of our loan, lease and securities portfolio; the impact of economic conditions, consumer and business spending habits, and real estate market conditions on our business and in our market area; changes in the levels of general interest rates, deposit interest rates, or net interest margin and funding sources; changes in banking regulations and policies and the possibility that any banking agency approvals we might require for certain activities will not be obtained in a timely manner or at all or will be conditioned in a manner that would impair our ability to implement our business plans; changes in accounting policies and practices; the inability of key third-party providers to perform their obligations to us; our ability to attract and retain key personnel; competition in our marketplace; war or terrorist activities; material differences in the actual financial results, cost savings and revenue enhancements associated with our acquisitions; and other factors as described in our securities filings. All forward-looking statements and information set forth herein are based on management’s current beliefs and assumptions as of the date hereof and speak only as of the date they are made. The Corporation does not undertake to update forward-looking statements.

For a complete discussion of the assumptions, risks and uncertainties related to our business, you are encouraged to review our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, as updated by our quarterly or other reports subsequently filed with the SEC.

# # # #

Bryn Mawr Bank Corporation

Consolidated Statements of Income - (unaudited)

(dollars in thousands, except per share data)

	For The Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
	2015			2015			2014			2014			2014

Interest and fees on loans and leases	$	25,568		$	25,164		$	19,913		$	19,710		$	19,876
Interest on cash and cash equivalents		124			115			66			46			44
Interest on investment securities:
Taxable		1,161			1,320			891			863			891
Non-taxable		106			135			95			100			101
Dividends		34			20			90			30			29
Total interest income		26,993			26,754			21,055			20,749			20,941

Savings, NOW and market rate deposits		575			594			422			430			420
Wholesale deposits		195			188			190			175			147
Time deposits		292			246			143			137			146
Interest on deposits		1,062			1,028			755			742			713
Interest on short-term borrowings		10			21			4			4			5
Interest on FHLB advances and other borrowings		851			910			809			827			781
Total interest expense		1,923			1,959			1,568			1,573			1,499

Net interest income		25,070			24,795			19,487			19,176			19,442
Provision for loan and lease losses		850			569			(316	)		550			(100	)
Net interest income after provision for loan and lease losses		24,220			24,226			19,803			18,626			19,542

Fees for wealth management services		9,600			9,105			9,263			9,099			9,499
Service charges on deposits		752			712			658			663			656
Loan servicing and other fees		597			591			450			431			428
Net gain on sale of residential mortgage loans		778			808			471			440			537
Net gain on sale of investment securities available for sale		3			810			390			-			85
Net gain (loss) on sale of other real estate owned		75			15			4			(49	)		220
Dividends on bank stocks		299			615			211			126			198
Insurance revenue		817			1,021			795			164			157
Other operating income		1,256			1,088			641			669			977
Non-interest income		14,177			14,765			12,883			11,543			12,757

Salaries and wages		11,064			10,870			9,869			9,110			9,694
Employee benefits		2,618			2,729			1,900			1,652			1,809
Occupancy and bank premises		2,808			2,466			1,808			1,881			1,683
Furniture, fixtures and equipment		1,488			1,512			1,358			1,078			1,089
Advertising		479			557			400			310			455
Amortization of intangible assets		955			982			753			633			636
Due diligence and merger-related expenses		1,294			2,501			957			775			377
Professional fees		827			673			809			701			914
Pennsylvania bank shares tax		433			433			64			412			412
Information technology		814			702			747			678			697
Other operating expenses		3,202			4,004			3,267			2,731			2,860
Non-interest expense		25,982			27,429			21,932			19,961			20,626

Income before income taxes		12,415			11,562			10,754			10,208			11,673
Income tax expense		4,296			4,068			3,710			3,702			4,069
Net income	$	8,119		$	7,494		$	7,044		$	6,506		$	7,604

Per share data:
Weighted average shares outstanding		17,713,794			17,545,802			13,646,098			13,600,348			13,531,155
Dilutive common shares		340,869			357,456			296,682			272,516			304,998
Adjusted weighted average diluted shares		18,054,663			17,903,258			13,942,780			13,872,864			13,836,153

Basic earnings per common share	$	0.46		$	0.43		$	0.52		$	0.48		$	0.56

Diluted earnings per common share	$	0.45		$	0.42		$	0.51		$	0.47		$	0.55

Dividend declared per share	$	0.19		$	0.19		$	0.19		$	0.19		$	0.18

Effective tax rate		34.6	%		35.2	%		34.5	%		36.3	%		34.9	%

*Supplemental Non-GAAP Performance Measures (Includes Reconciliation of Non-GAAP to GAAP Performance Measures)**
Net income (a GAAP measure)	$	8,119		$	7,494		$	7,044		$	6,506	$	7,604
less: tax-effected net gain on sale of available for sale investments		(2	)		(527	)		(254	)		-		(55	)
add: tax-effected** due diligence and merger-related expenses		841			1,626			622			504		245
Net income excluding tax-effected** due diligence and merger-related expenses and net gain on sale of available for sale investment securities (a non-GAAP measure)	$	8,958		$	8,593		$	7,413		$	7,010	$	7,794
Basic earnings per common share excluding tax-effected** due diligence and merger-related expenses and security gains (a non-GAAP measure)	$	0.51		$	0.49		$	0.54		$	0.52	$	0.58
Diluted earnings per common share excluding tax-effected** due diligence and merger-related expenses and security gains (a non-GAAP measure)	$	0.50		$	0.48		$	0.53		$	0.51	$	0.56

*The Corporation believes the presentation of the above non-GAAP financial measure provides useful supplemental information that is essential to an investor’s proper understanding of the results of operations of the Corporation. Management uses this non-GAAP financial measure in its analysis of the Corporation’s performance. This non-GAAP disclosure should not be viewed as a substitute for the financial measure determined in accordance with GAAP, nor is it necessarily comparable to a non-GAAP performance measure that may be presented by other companies

** assumed nominal tax rate of 35%

Bryn Mawr Bank Corporation

Consolidated Statements of Income - (unaudited)

(dollars in thousands, except per share data)

	For The Six Months Ended June 30,
	2015			2014

Interest and fees on loans and leases	$	50,732		$	38,918
Interest on cash and cash equivalents		239			81
Interest on investment securities:
Taxable		2,481			1,842
Non-taxable		241			204
Dividends		54			57
Total interest income	$	53,747		$	41,102

Savings, NOW and market rate deposits		1,169			825
Wholesale deposits		383			316
Time deposits		538			261
Interest on deposits		2,090			1,402
Interest on short-term borrowings		31			8
Interest on FHLB advances and other borrowings		1,761			1,527
Total interest expense		3,882			2,937

Net interest income		49,865			38,165
Provision for loan and lease losses		1,419			650
Net interest income after provision for loan and lease losses		48,446			37,515

Fees for wealth management services		18,705			18,412
Service charges on deposits		1,464			1,257
Loan servicing and other fees		1,188			874
Net gain on sale of residential mortgage loans		1,586			861
Net gain on sale of investment securities available for sale		813			81
Net gain on sale of other real estate owned		90			220
Dividends on bank stocks		914			278
Insurance revenue		1,838			234
Other operating income		2,344			1,679
Non-interest income		28,942			23,896

Salaries and wages		21,934			18,134
Employee benefits		5,347			3,788
Occupancy and bank premises		5,274			3,616
Furniture fixtures and equipment		3,000			2,072
Advertising		1,036			794
Amortization of intangible assets		1,937			1,273
Due diligence and merger-related expenses		3,795			641
Professional fees		1,500			1,507
Pennsylvania bank shares tax		866			780
Information technology		1,516			1,346
Other operating expenses		7,206			5,574
Non-interest expense		53,411			39,525

Income before income taxes		23,977			21,886
Income tax expense		8,364			7,593
Net income	$	15,613		$	14,293

Per share data:
Weighted average shares outstanding		17,630,263			13,508,311
Dilutive common shares		349,163			304,913
Adjusted weighted average shares		17,979,426			13,813,224

Basic earnings per common share	$	0.89		$	1.06

Diluted earnings per common share	$	0.87		$	1.03

Dividend declared per share	$	0.38		$	0.36

Effective tax rate		34.9	%		34.7	%

*Supplemental Non-GAAP Performance Measures (Includes Reconciliation of Non-GAAP to GAAP Performance Measures)**
Net income (a GAAP measure)	$	15,613		$	14,293
less: tax-effected net gain on sale of available for sale investments		(529	)		(53	)
add: tax-effected** due diligence and merger-related expenses		2,467			417
Net income excluding tax-effected** due diligence and merger-related expenses and net gain on sale of available for sale investment securities (a non-GAAP measure)	$	17,550		$	14,657
Basic earnings per common share excluding tax-effected** due diligence and merger-related expenses (a non-GAAP measure)	$	1.00		$	1.09
Diluted earnings per common share excluding tax-effected** due diligence and merger-related expenses (a non-GAAP measure)	$	0.98		$	1.06

** assumed nominal tax rate of 35%

Bryn Mawr Bank Corporation

Consolidated Balance Sheets - (unaudited)

(dollars in thousands)

	June 30,			March 31,			December 31,			September 30,			June 30,
	2015			2015			2014			2014			2014
Assets

Interest-bearing deposits with banks	$	156,282		$	244,248		$	202,552		$	56,253		$	85,946
Investment securities - available for sale		349,496			334,746			229,577			265,939			266,402
Investment securities - trading		4,029			4,035			3,896			3,803			3,597
Loans held for sale		15,363			6,656			3,882			1,375			1,631
Portfolio loans:
Consumer		25,123			20,204			18,480			16,810			18,907
Commercial & industrial		472,702			457,432			335,645			342,524			334,474
Commercial mortgages		924,161			892,675			689,528			683,558			666,924
Construction		88,122			81,408			66,267			59,923			55,051
Residential mortgages		381,323			379,363			313,442			314,127			310,491
Home equity lines & loans		211,982			209,037			182,082			183,314			185,593
Leases		49,850			48,412			46,813			44,982			44,102
Total portfolio loans and leases		2,153,263			2,088,531			1,652,257			1,645,238			1,615,542

Earning assets		2,678,433			2,678,216			2,092,164			1,972,608			1,973,118

Cash and due from banks		20,258			17,269			16,717			11,312			17,018
Allowance for loan and lease losses		(14,959	)		(14,296	)		(14,586	)		(15,599	)		(15,470	)
Premises and equipment		43,164			42,888			33,748			32,733			32,679
Accrued interest receivable		7,518			7,465			5,560			5,661			5,526
Mortgage servicing rights		4,970			4,815			4,765			4,796			4,760
Goodwill		104,322			101,619			35,502			32,843			32,843
Other intangible assets		26,309			26,522			22,998			17,459			18,092
Bank owned life insurance		32,941			32,772			20,535			20,451			20,375
FHLB stock		11,542			11,541			11,523			12,889			12,775
Deferred income taxes		11,066			12,057			7,011			5,786			5,984
Other investments		9,295			9,238			5,226			4,592			4,507
Other assets		15,155			13,073			5,343			18,351			19,018

Total assets	$	2,950,014		$	2,943,179		$	2,246,506		$	2,123,882		$	2,131,225

Liabilities and shareholders' equity

Interest-bearing deposits:
Interest-bearing checking	$	328,606		$	349,582		$	277,228		$	256,890		$	263,247
Money market		699,263			717,441			566,354			550,238			559,070
Savings		189,120			184,819			138,992			142,364			145,312
Wholesale non-maturity deposits		65,365			69,555			66,693			41,290			41,840
Wholesale time deposits		67,894			73,476			73,458			60,171			50,152
Retail time deposits		274,008			263,996			118,400			121,158			123,572
Total interest-bearing deposits		1,624,256			1,658,869			1,241,125			1,172,111			1,183,193

Non-interest-bearing deposits		636,390			582,495			446,903			438,221			436,739
Total deposits		2,260,646			2,241,364			1,688,028			1,610,332			1,619,932

Long-term FHLB advances and other borrowings		244,923			250,088			260,146			230,574			233,132
Short-term borrowings		26,406			38,372			23,824			13,980			13,320
Other liabilities		36,941			35,452			29,034			21,387			21,470
Shareholders' equity		381,098			377,903			245,474			247,609			243,371

Total liabilities and shareholders' equity	$	2,950,014		$	2,943,179		$	2,246,506		$	2,123,882		$	2,131,225

Bryn Mawr Bank Corporation

Consolidated Quarterly Average Balance Sheets - (unaudited)

(dollars in thousands)

	For The Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
	2015			2015			2014			2014			2014
Assets

Interest-bearing deposits with banks	$	182,099		$	206,694		$	115,276		$	78,324		$	70,775
Investment securities - available for sale		347,046			370,293			252,422			265,491			271,830
Investment securities - trading		4,034			3,897			3,804			3,599			3,518
Loans held for sale		6,735			3,470			982			1,116			1,280
Portfolio loans and leases		2,111,371			2,079,412			1,654,239			1,629,102			1,599,104
Earning assets		2,651,285			2,663,766			2,026,723			1,977,632			1,946,507

Cash and due from banks		16,222			19,092			13,795			12,739			12,067
Allowance for loan and lease losses		(14,346	)		(14,866	)		(15,837	)		(15,672	)		(16,073	)
Premises and equipment		43,172			44,681			33,290			32,763			32,829
Goodwill		102,237			98,744			35,539			32,843			32,843
Other intangible assets		26,879			26,316			23,392			17,821			18,459
Bank owned life insurance		32,830			32,655			20,478			20,402			20,327
FHLB stock		11,542			11,928			11,419			12,864			12,663
Deferred income taxes		11,819			10,449			2,941			5,926			7,119
Other assets		29,061			25,391			31,102			30,491			29,750

Total assets	$	2,910,701		$	2,918,156		$	2,182,842		$	2,127,809		$	2,096,491

Liabilities and shareholders' equity

Interest-bearing deposits:
Interest-bearing checking	$	339,101		$	341,756		$	259,408		$	255,601		$	264,087
Money market		699,100			724,806			553,708			565,803			556,241
Savings		186,343			185,848			143,650			143,877			143,418
Wholesale non-maturity deposits		61,306			66,677			60,197			43,256			42,970
Wholesale time deposits		69,191			73,443			68,525			54,976			48,791
Retail time deposits		273,718			267,800			120,855			121,986			127,167
Total interest-bearing deposits		1,628,759			1,660,330			1,206,343			1,185,499			1,182,674

Non-interest bearing deposits		580,240			534,403			446,252			426,883			416,104
Total deposits		2,208,999			2,194,733			1,652,595			1,612,382			1,598,778

Long-term FHLB advances and other borrowings		249,678			266,342			237,835			235,091			222,851
Short-term borrowings		34,980			55,207			19,407			14,074			17,220
Other liabilities		37,890			30,935			24,070			22,298			19,368
Shareholders' equity		379,154			370,939			248,935			243,964			238,274

Total liabilities and shareholders' equity	$	2,910,701		$	2,918,156		$	2,182,842		$	2,127,809		$	2,096,491

Bryn Mawr Bank Corporation

Consolidated Year-to-Date Average Balance Sheets - (unaudited)

(dollars in thousands)

	For The Six Months Ended June 30,
	2015			2014
Assets

Interest bearing deposits with banks	$	194,328		$	67,124
Investment securities - available for sale		358,605			320,868
Investment securities - trading		3,966			2,106
Loans held for sale		5,111			1,729
Portfolio loans and leases		2,095,481			1,453,555
Earning assets		2,657,491			1,845,382

Cash and due from banks		17,649			12,946
Allowance for loan and lease losses		(14,605	)		(14,800	)
Premises and equipment		43,922			31,414
Goodwill		99,969			32,869
Intangible assets		26,599			20,724
Bank owned life insurance		32,743			20,041
FHLB stock		11,763			11,881
Deferred income taxes		11,669			11,714
Other assets		27,208			22,329

Total assets	$	2,914,408		$	1,994,500

Liabilities and shareholders' equity

Interest-bearing deposits:
Interest-bearing checking	$	340,421		$	257,292
Money market		711,882			563,914
Savings		186,096			134,771
Wholesale non-maturity deposits		63,977			41,564
Wholesale time deposits		71,305			14,210
Time deposits		270,775			162,397
Total interest-bearing deposits		1,644,456			1,174,148

Non-interest-bearing deposits		557,386			400,254
Total deposits		2,201,842			1,574,402

Long-term FHLB advances and other borrowings		257,963			167,089
Short-term borrowings		45,038			16,457
Other liabilities		34,332			24,502
Shareholders' equity		375,233			212,050

Total liabilities and shareholders' equity	$	2,914,408		$	1,994,500

Bryn Mawr Bank Corporation

Quarterly Average Balances and Tax-Equivalent Interest Income and Expense and Tax-Equivalent Yields - (unaudited)

(dollars in thousands)

	For The Three Months Ended
	June 30, 2015									March 31, 2015									December 31, 2014									September 30, 2014									June 30, 2014
(dollars in thousands)	Average Balance			Interest Income/ Expense			Average Rates Earned/ Paid			Average Balance			Interest Income/ Expense			Average Rates Earned/ Paid			Average Balance			Interest Income/ Expense			Average Rates Earned/ Paid			Average Balance			Interest Income/ Expense			Average Rates Earned/ Paid			Average Balance			Interest Income/ Expense			Average Rates Earned/ Paid

Assets:
Interest-bearing deposits with other banks	$	182,099		$	124			0.27	%	$	206,694		$	115			0.23	%	$	115,276		$	65			0.22	%	$	78,324		$	46			0.23	%	$	70,775		$	44			0.25	%
Investment securities - available for sale:
Taxable		310,011			1,184			1.53	%		335,208			1,336			1.62	%		221,190			973			1.75	%		230,457			884			1.52	%		235,853			903			1.54	%
Tax-exempt		37,035			157			1.70	%		35,085			203			2.35	%		31,232			142			1.80	%		35,034			149			1.69	%		35,977			151			1.68	%
Total investment securities - available for sale		347,046			1,341			1.55	%		370,293			1,539			1.69	%		252,422			1,115			1.75	%		265,491			1,033			1.54	%		271,830			1,054			1.56	%

Investment securities - trading		4,034			11			1.09	%		3,897			4			0.42	%		3,804			9			0.94	%		3,599			9			0.99	%		3,518			17			1.94	%

Loans and leases *		2,118,106			25,623			4.85	%		2,082,882			25,226			4.91	%		1,655,221			19,972			4.79	%		1,630,218			19,767			4.81	%		1,600,384			19,936			5.00	%

Total interest-earning assets		2,651,285			27,099			4.10	%		2,663,766			26,884			4.09	%		2,026,723			21,161			4.14	%		1,977,632			20,855			4.18	%		1,946,507			21,051			4.34	%

Cash and due from banks		16,222									19,092									13,795									12,739									12,067
Less: allowance for loan and lease losses		(14,346	)								(14,866	)								(15,837	)								(15,672	)								(16,073	)
Other assets		257,540									250,164									158,161									153,110									153,990

Total assets	$	2,910,701								$	2,918,156								$	2,182,842								$	2,127,809								$	2,096,491

Liabilities:

Interest-bearing deposits:
Savings, NOW and market rate deposits	$	1,224,544		$	575			0.19	%	$	1,252,410		$	594			0.19	%	$	956,766		$	422			0.17	%	$	965,281		$	430			0.18	%	$	963,746		$	420			0.17	%
Wholesale deposits		130,497			195			0.60	%		140,120			188			0.54	%		128,722			190			0.59	%		98,232			175			0.71	%		91,761			147			0.64	%
Time deposits		273,718			292			0.43	%		267,800			246			0.37	%		120,855			143			0.47	%		121,986			137			0.45	%		127,167			146			0.46	%
Total interest-bearing deposits		1,628,759			1,062			0.26	%		1,660,330			1,028			0.25	%		1,206,343			755			0.25	%		1,185,499			742			0.25	%		1,182,674			713			0.24	%

Borrowings:
Short-term borrowings		34,980			10			0.11	%		55,344			21			0.15	%		19,407			4			0.08	%		14,074			3			0.08	%		17,220			5			0.12	%
Long-term FHLB advances and other borrowings		249,678			851			1.37	%		266,205			910			1.39	%		237,835			809			1.35	%		235,091			828			1.40	%		222,851			781			1.41	%
Total borrowings		284,658			861			1.21	%		321,549			931			1.17	%		257,242			813			1.25	%		249,165			831			1.32	%		240,071			786			1.31	%

Total interest-bearing liabilities		1,913,417			1,923			0.40	%		1,981,879			1,959			0.40	%		1,463,585			1,568			0.43	%		1,434,664			1,573			0.43	%		1,422,745			1,499			0.42	%

Noninterest-bearing deposits		580,240									534,403									446,252									426,883									416,104
Other liabilities		37,890									30,935									24,070									22,298									19,368
Total noninterest-bearing liabilities		618,130									565,338									470,322									449,181									435,472

Total liabilities		2,531,547									2,547,217									1,933,907									1,883,845									1,858,217

Shareholders' equity		379,154									370,939									248,935									243,964									238,274

Total liabilities and shareholders' equity	$	2,910,701								$	2,918,156								$	2,182,842								$	2,127,809								$	2,096,491

Interest income to earning assets								4.10	%								4.09	%								4.14	%								4.18	%								4.34	%

Net interest spread								3.70	%								3.69	%								3.71	%								3.75	%								3.92	%
Effect of noninterest-bearing sources								0.11	%								0.10	%								0.13	%								0.12	%								0.11	%

Tax-equivalent net interest income/ margin on earning assets				$	25,176			3.81	%				$	24,925			3.79	%				$	19,593			3.84	%				$	19,282			3.87	%				$	19,552			4.03	%

Tax-equivalent adjustment				$	106			0.02	%				$	130			0.02	%				$	106			0.02	%				$	106			0.02	%				$	110			0.02	%

Supplemental Information Regarding Accretion of Fair Value Marks
Accretion of fair value marks on loans				$	1,246								$	1,127								$	513								$	516								$	941
Accretion of fair value marks on time deposits					205									245									4									6									6
Accretion of fair value marks on borrowings					65									70									30									30									30
Net interest income from fair value marks				$	1,516								$	1,442								$	547								$	552								$	977
Effect of fair value mark accretion on tax-equivalent net interest margin					0.23	%								0.22	%								0.11	%								0.11	%								0.20	%
* Average loans and leases include portfolio loans and leases, and loans held for sale. Non-accrual loans are also included in the average loan and leases balances.

Bryn Mawr Bank Corporation

Average Balances and Tax-Equivalent Interest Income and Expense and Tax-Equivalent Yields

(dollars in thousands)

For The Six Months Ended June 30,

2015

2014

Average Balance

Interest Income/ Expense

Average Rates Earned/ Paid

Average Balance

Interest Income/ Expense

Average Rates Earned/ Paid

Assets:

Interest-bearing deposits with other banks
$ 194,328 239 0.25
%
$ 69,300 81 0.24
%

Federal funds sold
- - - - - -

Investment securities available for sale:

%

Taxable
322,421 2,520 1.58
%
240,404 1,875 1.57
%

Tax-exempt
36,184 360 2.01
%
36,270 304 1.69
%

Investment securities - available for sale
358,605 2,880 1.62
%
276,674 2,179 1.59
%

Investment securities - trading
3,966 15 0.76
%
3,478 24 1.39
%

Loans and leases *
2,100,592 50,850 4.88
%
1,575,165 39,043 5.00
%

Total interest earning assets
2,657,491 53,984 4.10
%
1,924,617 41,327 4.33
%

Cash and due from banks
17,649 12,184

Less allowance for loan and lease losses
(14,605 ) (15,918 )

Other assets
253,873 154,150

Total assets
$ 2,914,408 $ 2,075,033

Liabilities:

Savings,NOW and market rate deposits
$ 1,238,399 $ 1,169 0.19
%
$ 955,186 $ 824 0.17
%

Wholesale deposits
135,282 383 0.57
%
84,402 262 0.63
%

Time deposits
270,775 538 0.40
%
130,850 316 0.49
%

Total interest-bearing deposits
1,644,456 2,090 0.26
%
1,170,438 1,402 0.24
%

Short-term borrowings
45,038 31 0.14
%
15,167 8 0.11
%

Long-term FHLB advances and other borrowings
257,963 1,761 1.38
%
217,657 1,527 1.41
%

Total Borrowings
303,001 1,792 1.19
%
232,824 1,535 1.33
%

Total interest-bearing liabilities
1,947,457 3,882 0.40
%
1,403,262 2,937 0.42
%

Noninterest-bearing deposits
557,386 415,810

Other liabilities
34,332 20,948

Total noninterest-bearing liabilities
591,718 436,758

Total liabilities
2,539,175 1,840,020

Shareholders' equity
375,233 235,013

Total liabilities and shareholders' equity
$ 2,914,408 $ 2,075,033

Interest income to earning assets
4.10
%
4.33
%

Net interest spread
3.70
%
3.91
%

Effect of noninterest-bearing sources
0.10
%
0.11
%

Tax-equivalent net interest income/ margin on earning assets
$ 50,102 3.80
%
$ 38,390 4.02
%

Tax-equivalent adjustment
$ 237 0.02
%
$ 225 0.02
%

Supplemental Information Regarding Accretion of Fair Value Marks

Accretion of fair value marks on loans

$ 2,373

$ 1,702

Accretion of fair value marks on time deposits

             450

               13

Accretion of fair value marks on borrowings

             135

               60

Net interest income from fair value marks
$
2,958
$
1,775

Effect of fair value mark accretion on tax-equivalent net interest margin

0.22%

0.19%

* Average loans and leases include portfolio loans and leases, and loans held for sale. Non-accrual loans are also included in the average loan and lease balances

Bryn Mawr Bank Corporation

Consolidated Selected Financial Data - (unaudited)

(dollars in thousands, except per share data)

	For The Three Months Ended or As Of
	June 30,			March 31,			December 31,			September 30,			June 30,
	2015			2015			2014			2014			2014
Asset Quality Data

Nonaccrual loans and leases	$	8,996		$	9,130		$	10,096		$	8,336		$	8,388
90 days or more past due loans, still accruing		-			-			-			-			-
Nonperforming loans and leases		8,996			9,130			10,096			8,336			8,388
Other real estate owned		843			1,532			1,147			894			853
Total nonperforming assets	$	9,839		$	10,662		$	11,243		$	9,230		$	9,241

Troubled debt restructurings included in nonperforming assets	$	3,960		$	4,217		$	4,315		$	1,725		$	1,597
Troubled debt restructurings in compliance with modified terms		4,078			4,145			4,157			6,913			7,487
Total troubled debt restructurings	$	8,038		$	8,362		$	8,472		$	8,638		$	9,084


Nonperforming loans and leases / portfolio loans & leases		0.42	%		0.44	%		0.61	%		0.51	%		0.52	%
Nonperforming assets / total assets		0.33	%		0.36	%		0.50	%		0.43	%		0.43	%
Net loan and lease charge-offs / average loans and leases (annualized)		0.04	%		0.16	%		0.17	%		0.10	%		0.05	%

Delinquency rate* - Performing and nonperforming loans and leases 30 days or more past due		0.58	%		0.51	%		0.50	%		0.48	%		0.64	%
Performing loans and leases - 30-89 days past due	$	5,233		$	3,361		$	2,232		$	1,739		$	3,743
Delinquency rate* - Performing loans and leases - 30-89 days past due		0.24	%		0.16	%		0.13	%		0.11	%		0.23	%

* as a percentage of total loans and leases

Changes in the allowance for loan and lease losses:

Balance, beginning of period	$	14,296		$	14,586		$	15,599		$	15,470		$	15,770
Charge-offs		(312	)		(928	)		(864	)		(493	)		(304	)
Recoveries		125			69			167			72			104
Net charge-offs		(187	)		(859	)		(697	)		(421	)		(200	)
Provision for loan and lease losses		850			569			(316	)		550			(100	)
Balance, end of period	$	14,959		$	14,296		$	14,586		$	15,599		$	15,470

Total Allowance / Total Portfolio loans and leases		0.69	%		0.68	%		0.88	%		0.95	%		0.96	%
Allowance on originated loans and leases / Originated loans and leases (a non-GAAP measure)		0.88	%		0.90	%		0.94	%		1.01	%		1.01	%
(Total Allowance + Loan mark) / Total Gross portfolio loans and leases (a non-GAAP measure)		1.60	%		1.61	%		1.27	%		1.36	%		1.42	%
Total Allowance / nonperforming loans and leases		166.3	%		156.6	%		144.5	%		187.1	%		184.4	%

Supplemental Loan and Allowance Information Used to Calculate Non-GAAP Measures

Total Allowance	$	14,959		$	14,296		$	14,586		$	15,599		$	15,470
less: Allowance on acquired loans		22			125			86			273			479
Allowance on originated loans and leases	$	14,937		$	14,171		$	14,500		$	15,326		$	14,991

Total Allowance	$	14,959		$	14,296		$	14,586		$	15,599		$	15,470
Loan mark on acquired loans		19,816			19,708			6,422			6,932			7,510
Total Allowance + Loan mark	$	34,775		$	34,004		$	21,008		$	22,531		$	22,980
Total Portfolio loans and leases	$	2,153,263		$	2,088,532		$	1,652,257		$	1,645,238		$	1,615,542
less: Originated loans and leases		1,692,041			1,571,377			1,535,003			1,516,104			1,479,526
Net acquired loans	$	461,222		$	517,155		$	117,254		$	129,134		$	136,016
add: Loan mark on acquired loans		19,816			19,708			6,422			6,932			7,510
Gross acquired loans (excludes loan mark)	$	481,038		$	536,863		$	123,676		$	136,066		$	143,526
Originated loans and leases		1,692,041			1,571,377			1,535,003			1,516,104			1,479,526
Total Gross portfolio loans and leases	$	2,173,079		$	2,108,240		$	1,658,679		$	1,652,170		$	1,623,052

Bryn Mawr Bank Corporation

Consolidated Selected Financial Data - (unaudited)

(dollars in thousands, except per share data)

	June 30,			March 31,			December 31,			September 30,			June 30,
	2015			2015			2014			2014			2014
Selected ratios (annualized):

Return on average assets		1.12	%		1.04	%		1.28	%		1.21	%		1.45	%
Return on average shareholders' equity		8.59	%		8.19	%		11.23	%		10.58	%		12.80	%
Return on average tangible equity⁽²⁾		13.02	%		12.36	%		14.71	%		13.35	%		16.31	%
Tax-equivalent yield on loans and leases		4.85	%		4.91	%		4.79	%		4.81	%		5.00	%
Tax-equivalent yield on interest-earning assets		4.10	%		4.09	%		4.14	%		4.18	%		4.34	%
Cost of interest-bearing funds		0.40	%		0.40	%		0.43	%		0.43	%		0.42	%
Tax-equivalent net interest margin		3.81	%		3.79	%		3.84	%		3.87	%		4.03	%
Book value per share	$	21.43		$	21.26		$	17.83		$	18.03		$	17.74
Tangible book value per share	$	14.08		$	14.05		$	13.59		$	14.37		$	14.03
Shares outstanding at end of period		17,786,293			17,777,628			13,769,336			13,730,581			13,719,337

Selected data:

Mortgage loans originated	$	63,285		$	35,728		$	29,929		$	29,861		$	39,575

Residential mortgage loans sold - servicing retained	$	28,204		$	24,569		$	14,382		$	16,237		$	15,154
Residential mortgage loans sold - servicing released		9,257			2,644			92			539			-
Total residential mortgage loans sold	$	37,461		$	27,213		$	14,474		$	16,776		$	15,154

Yield on residential mortgage loans sold		2.08	%		2.97	%		3.25	%		2.62	%		3.54	%

Residential mortgage loans serviced for others	$	595,440		$	591,989		$	590,659		$	594,156		$	594,660


Total wealth assets under management, administration, supervision and brokerage ⁽¹⁾	$	8,536,024		$	7,816,441		$	7,699,908		$	7,580,779		$	7,569,842

(1) Brokerage assets represent assets held at a registered broker dealer under a clearing agreement.
(2) Average tangible equity equals average shareholders' equity minus average goodwill and average other intangible assets.


Selected ratios (annualized):	2015						2014

Return on average assets		1.08	%					1.45	%
Return on average shareholders' equity		8.39	%					13.59	%
Return on average tangible equity (1)		12.66	%					17.97	%
Tax-equivalent yield on loans and leases		4.88	%					5.00	%
Tax-equivalent yield on interest-earning assets		4.10	%					4.33	%
Cost of interest-bearing liabilities		0.40	%					0.42	%
Tax-equivalent net interest margin		3.80	%					4.02	%

Selected data:

Residential mortgage loans originated	$	99,013					$	57,467

Residential mortgage loans sold - servicing retained	$	52,773					$	24,240
Residential mortgage loans sold - servicing released		11,901						152
Total residential mortgage loans sold	$	64,674					$	24,392

(1) Average tangible equity equals average shareholders' equity minus average goodwill and average other intangible assets.

Bryn Mawr Bank Corporation

Consolidated Selected Financial Data - (unaudited)

(dollars in thousands, except per share data)

Investment Portfolio - Available for Sale	As of June 30, 2015												As of December 31, 2014

							Net												Net
	Amortized			Fair			Unrealized						Amortized			Fair			Unrealized
SECURITY DESCRIPTION	Cost			Value			Gain / (Loss)						Cost			Value			Gain / (Loss)

U.S. Treasury securities	$	101		$	101		$	-					$	102		$	100		$	(2	)
Obligations of the U.S. Government and agencies		92,943			93,125			182						66,881			66,762			(119	)
State & political subdivisions - tax-free		40,918			40,967			49						28,955			29,045			90
State & political subdivisions - taxable		350			351			1						-			-			-
Mortgage-backed securities		159,741			161,283			1,542						79,498			81,382			1,884
Collateralized mortgage obligations		35,871			36,094			223						34,618			34,797			179
Other debt securities		1,900			1,894			(6	)					1,900			1,900			-
Bond mutual funds		11,956			11,920			(36	)					11,956			11,835			(121	)
Other investments		3,650			3,761			111						3,643			3,756			113
Total investment portfolio available for sale	$	347,430		$	349,496		$	2,066					$	227,553		$	229,577		$	2,024



Capital Ratios
	Regulatory Minimum
	To Be Well			June 30,			March 31,			December 31,			September 30,			June 30,
Bryn Mawr Trust Company	Capitalized			2015			2015			2014			2014			2014

Tier I capital to risk weighted assets ("RWA")		8.00	%		12.26	%		12.38	%		11.32	%		11.60	%		11.68	%
Total (Tier II) capital to RWA		10.00	%		12.93	%		13.05	%		12.19	%		12.54	%		12.62	%
Tier I leverage ratio		5.00	%		9.77	%		9.52	%		8.98	%		9.39	%		9.51	%
Tangible equity ratio	N/A				8.54	%		8.42	%		8.19	%		9.21	%		9.18	%
Common equity Tier I capital to RWA		4.50	%		12.26	%		12.38	%	N/A			N/A			N/A

Bryn Mawr Bank Corporation

Tier I capital to RWA		8.00	%		12.77	%		12.63	%		12.00	%		12.05	%		11.85	%
Total (Tier II) capital to RWA		10.00	%		13.44	%		13.30	%		12.87	%		12.99	%		12.79	%
Tier I leverage ratio		5.00	%		10.20	%		9.77	%		9.43	%		9.77	%		9.67	%
Tangible equity ratio	N/A				8.88	%		8.87	%		8.61	%		9.58	%		9.32	%
Common equity Tier I capital to RWA		4.50	%		12.77	%		12.63	%	N/A			N/A			N/A

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BRYN MAWR BANK CORP Reports

Accretion of fair value marks on loans		$ 2,373		$ 1,702
Accretion of fair value marks on time deposits		450		13
Accretion of fair value marks on borrowings		135		60
Net interest income from fair value marks	$	2,958	$	1,775
Effect of fair value mark accretion on tax-equivalent net interest margin		0.22%		0.19%