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

Attached files

file	filename
8-K - FORM 8-K - BRYN MAWR BANK CORP	bmtc20170420_8k.htm

Exhibit 99.1

FOR RELEASE: IMMEDIATELY	Frank Leto, President, CEO
FOR MORE INFORMATION CONTACT:	610-581-4730
	Mike Harrington, CFO
	610-526-2466

Bryn Mawr Bank Corporation Reports First Quarter

Net Income of $9.0 Million, Improved Net Interest Margin

BRYN MAWR, Pa., April 20, 2017 - Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company (the “Bank”), today reported net income of $9.0 million and diluted earnings per share of $0.53 for the three months ended March 31, 2017, as compared to net income of $9.4 million, or $0.55 diluted earnings per share, for the three months ended December 31, 2016 and $8.3 million, or $0.49 diluted earnings per share, for the three months ended March 31, 2016.

On a non-GAAP basis, core net income, which excludes certain non-core income and expense items, as detailed in the appendix to this earnings release, was $9.4 million, or $0.55 diluted earnings per share, for the three months ended March 31, 2017 as compared to $9.4 million, or $0.55 diluted earnings per share, for the three months ended December 31, 2016 and $8.3 million, or $0.49 diluted earnings per share, for the three months ended March 31, 2016. Management believes the core net income measure is important in evaluating the Corporation’s performance on a more comparable basis between periods. A reconciliation of this and other non-GAAP to GAAP performance measures is included in the appendix to this earnings release.

“With our merger preparation efforts in full swing, we are pleased to report another strong quarter,” commented Frank Leto, President and Chief Executive Officer, continuing, “The uptick in our net interest margin contributed to the increase in net interest income on both a linked quarter as well as a year-over-year basis. And while net loan growth for the first quarter was relatively flat, at $20.2 million, originations were consistent with prior quarters. Net paydowns totaled $106.7 million for the first quarter of 2017.”

Mr. Leto also stated, “In keeping with our strategy of selectively expanding our brand into new market areas, we recently announced two new initiatives: the anticipated opening of a new wealth office in Princeton, New Jersey and the expected acquisition of the Hirshorn Boothby insurance agency in the Chestnut Hill section of Philadelphia. These initiatives seek to leverage the branch network we’ll be acquiring in the contemplated Royal Bancshares acquisition, and will enable us to offer a full range of financial solutions to the residents and businesses in the surrounding areas.”

Each of the opening of the Princeton office and the acquisitions of Hirshorn Boothby and Royal Bancshares of Pennsylvania, Inc. (“Royal” or “Royal Bancshares”) is subject to applicable regulatory approvals, and the acquisitions are also subject to certain closing conditions.

On April 20, 2017, the Board of Directors of the Corporation declared a quarterly dividend of $0.21 per share, payable June 1, 2017 to shareholders of record as of May 2, 2017.

SIGNIFICANT ITEMS OF NOTE

Results of Operations – First Quarter 2017 Compared to Fourth Quarter 2016

●

Net income for the three months ended March 31, 2017 was $9.0 million, as compared to $9.4 million for the three months ended December 31, 2016. Contributing to the decrease was a $511 thousand increase in merger expenses, a $763 thousand increase in salaries and wages related to annual merit increases, normalization of incentive compensation and staff additions, and a $583 thousand decrease in recoveries on mortgage servicing rights (“MSRs”). Partially offsetting these changes was an increase of $413 thousand in net interest income, a $768 thousand decrease in provision for loan and lease losses (the “Provision”) and a $1.2 million decrease in other operating expenses.

●

Net interest income for the three months ended March 31, 2017 was $27.4 million, an increase of $413 thousand from $27.0 million for the three months ended December 31, 2016. Average interest-earning assets increased by $28.7 million, with average loans increasing $37.7 million and average interest-bearing deposits with banks decreasing $15.6 million. The yield earned on loans increased by 6 basis points.

●

The tax-equivalent net interest margin of 3.74% for the first quarter of 2017 increased 9 basis points from 3.65% for the fourth quarter of 2016. The increase was largely the result of a 6 basis point increase in tax-equivalent yield earned on average loans, which totaled $2.56 billion for the three months ended March 31, 2017, and a 16 basis point increase in tax-equivalent yield on available for sale investment securities. The rate paid on interest-bearing liabilities remained unchanged on a linked-quarter basis. The impact of accretion of purchase accounting adjustments for the first quarter of 2017 and the fourth quarter of 2016 was the same, contributing 11 basis points to the margin in both periods.

●

Non-interest income for the three months ended March 31, 2017 decreased by $21 thousand from the fourth quarter of 2016. Decreases of $41 thousand and $95 thousand in service charges on deposits and dividends on bank stocks, respectively, were partially offset by a $92 thousand increase in loan servicing and other fees and a $48 thousand increase in insurance revenues.

●

Non-interest expense for the three months ended March 31, 2017 increased $1.6 million, to $26.7 million, as compared to $25.1 million for the fourth quarter of 2016. The increase was driven by the $511 thousand of merger-related expenses incurred as the Corporation prepares for the merger with Royal Bancshares, a $595 thousand increase in salaries and wages related to annual increases, normalization of incentive compensation and staff additions and a decrease in recoveries of MSR impairments, which were impacted positively in the fourth quarter of 2016 with the prospect of rising interest rates. Pennsylvania bank shares tax increased by $868 thousand, however this was offset with a corresponding decrease in contributions expense, which is reported as part of other operating expense.

●

For the three months ended March 31, 2017, net loan and lease charge-offs totaled $670 thousand, as compared to $1.3 million for the fourth quarter of 2016. The Provision for the three months ended March 31, 2017 was $291 thousand, a decrease of $768 thousand from the fourth quarter of 2016. The decrease in the Provision was the result of lower net charge-offs and improving credit quality metrics which factor into the calculation of the overall allowance for loan and lease losses (the “Allowance”) requirement.

●

Income tax expense for the first quarter of 2017 decreased by $49 thousand as compared to the fourth quarter of 2016. The increase in the effective tax rate from the fourth quarter of 2016 to the first quarter of 2017 was primarily the result of certain non-deductible merger expenses incurred in the first quarter of 2017.

Results of Operations – First Quarter 2017 Compared to First Quarter 2016

●

Net income for the three months ended March 31, 2017 was $9.0 million, or $0.53 diluted earnings per share, as compared to $8.3 million, or diluted earnings per share of $0.49 for the same period in 2016. Contributing to the increase in net income were increases of $1.5 million in net interest income and $471 thousand in fees for wealth management services and decreases of $1.1 million in Provision, $198 thousand in amortization of intangible assets and $174 thousand in information technology expenses. Partially offsetting these changes were decreases of $513 thousand in insurance revenues and $76 thousand in gain on sale of mortgage loans, along with increases of $712 thousand in salaries and wages and $511 thousand in merger expenses.

●

Net interest income for the three months ended March 31, 2017 was $27.4 million, an increase of $1.5 million, or 5.8%, from $25.9 million for the same period in 2016. The increase in net interest income was primarily related to the growth in average loan balances between the periods. Average loans and leases for the three months ended March 31, 2017 increased by $247.1 million from the same period in 2016. The increase in average loan balances was offset by a 13 basis point decrease in tax-equivalent yield earned on loans and leases. The net effect of the yield decrease and volume increase on average loans and leases was a $1.8 million increase in tax-equivalent interest income on loans. Partially offsetting the increase in average loans was a $218.5 million increase in average interest-bearing deposits accompanied by a 14 basis point increase in rate paid on deposits.

●

The tax-equivalent net interest margin of 3.74% for the three months ended March 31, 2017 was a 13 basis point decrease from 3.87% for the same period in 2016. The primary reason for the decline in the margin was the 13 basis point decrease in tax-equivalent yield earned on loans and the 14 basis point increase in rate paid on deposits. The impact of accretion of purchase accounting adjustments for the first quarter of 2017 added 11 basis points to the tax-equivalent net interest margin, while the first quarter of 2016 saw a 16 basis point increase from this accretion.

●

Non-interest income for the three months ended March 31, 2017 increased by $74 thousand from the same period in 2016. A $144 thousand increase in other operating income and a $471 thousand increase in fees for wealth management services, as wealth assets have increased 26.3% from the March 31, 2016 level, were partially offset by a decrease of $76 thousand in gain on sale of residential mortgage loans, as market interest rate increases reduced origination activity, and a $513 thousand decrease in insurance revenues related to the recognition of contingent commissions from providers during the first quarter of 2016, which are being ratably recognized in 2017.

●

Non-interest expense for the three months ended March 31, 2017 increased $1.7 million from the same period in 2016, primarily related to salary and wage increases of $712 thousand due to staffing increases, annual salary and wage increases and increases in incentive compensation, a $511 thousand increase in merger expenses in connection with the merger with Royal, and a $700 thousand increase in other operating expenses, largely related to deferred compensation expense associated with the valuation of Corporation stock held in the deferred compensation trusts.

●

The Provision for the three months ended March 31, 2017 of $291 thousand was a $1.1 million decrease from the same period in 2016. Net charge-offs for the first quarter of 2017 were $670 thousand as compared to $422 thousand for the same period in 2016. The decrease in Provision is indicative of improvements in certain qualitative factors used to determine the Allowance.

Financial Condition – March 31, 2017 Compared to December 31, 2016

●

Total portfolio loans and leases of $2.56 billion as of March 31, 2017, increased by $20.2 million from December 31, 2016. Loan growth was concentrated in the commercial mortgage segment which grew by $27.0 million and was partially offset by an $11.8 million decrease in commercial and industrial loans.

●

The Allowance as of March 31, 2017 was $17.1 million, or 0.67% of portfolio loans as compared to $17.5 million, or 0.69% of portfolio loans and leases, as of December 31, 2016. In addition to the ratio of Allowance to portfolio loans, management also calculates two non-GAAP measures: the Allowance as a percentage of originated loans and leases, which was 0.75% as of March 31, 2017, as compared to 0.78% as of December 31, 2016, and the Allowance plus the remaining loan mark as a percentage of gross loans, which was 1.12% as of March 31, 2017, as compared to 1.17% as of December 31, 2016. A reconciliation of these and other non-GAAP to GAAP performance measures is included in the appendix to this earnings release.

●	Available for sale investment securities as of March 31, 2017 were $391.0 million, a decrease of $176.0 million from December 31, 2016. The primary contributor to the decrease in the portfolio was the maturing, during January 2017, of $200 million of short-term U.S. Treasury bills.

●	Total assets as of March 31, 2017 were $3.29 billion, a decrease of $128.9 million from December 31, 2016. Increases in cash and cash equivalents and portfolio loans partially offset the decrease in available for sale investment securities discussed in the previous bullet point.

●	Wealth assets under management, administration, supervision and brokerage totaled $11.73 billion as of March 31, 2017, an increase of $397.0 million from December 31, 2016.

●	Deposits of $2.64 billion as of March 31, 2017 increased $56.9 million from December 31, 2016. Noninterest-bearing deposits increased by $35.4 million, while interest-bearing accounts increased by $21.5 million.

●	Borrowings of $198.3 million as of March 31, 2017 was a $195.6 million decrease from December 31, 2016. The decrease was largely comprised of short-term borrowings which were repaid at the beginning of January 2017 in connection with the maturing of $200 million of short-term U.S. Treasury bills.

●

The capital ratios for the Bank and the Corporation, as of March 31, 2017, as shown in the attached tables, indicate levels well above the regulatory minimum to be considered “well capitalized.” At the Bank level, all capital ratios have increased slightly from their December 31, 2016 levels due to the effect of an increase in retained earnings and a decrease in other comprehensive loss partially offset by an increase in risk-weighted assets. At the Corporation level, Tier 1 and Total (Tier 1 & 2) capital to risk weighted assets declined by 1 and 5 basis points, respectively, related to an increase in risk-weighted assets and the decrease in retained earnings associated with the dividend payment during the first quarter of 2017 which totaled $3.6 million.

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,” “indicate,” “estimate,” “target,” “potentially,” “promising,” “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, our inability to obtain applicable regulatory approvals with respect to, or our inability to complete, the contemplated Royal and Hirshorn Boothby acquisitions and the opening of the Princeton office, that the integration of acquired businesses with the Corporation’s 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

Summary Financial Information (unaudited)

(dollars in thousands, except per share data)

	As of or For the Three Months Ended
	March 31, 2017			December 31, 2016			September 30, 2016			June 30, 2016			March 31, 2016
Consolidated Balance Sheet (selected items)
Interest-bearing deposits with banks	$	69,978		$	34,206		$	30,118		$	20,481		$	33,954
Investment securities (AFS, HTM and Trading)		400,360			573,763			373,508			371,906			369,461
Loans held for sale		3,015			9,621			11,506			11,882			7,807
Portfolio loans and leases		2,555,589			2,535,425			2,493,357			2,423,821			2,378,841
Allowance for loan and lease losses ("ALLL")		(17,107	)		(17,486	)		(17,744	)		(17,036	)		(16,845	)
Goodwill and other intangible assets		124,629			125,170			126,000			126,888			127,777
Total assets		3,292,617			3,421,530			3,174,080			3,090,090			3,058,247
Deposits - interest-bearing		1,865,009			1,843,495			1,759,862			1,720,477			1,700,550
Deposits - non-interest-bearing		771,556			736,180			718,015			689,214			643,492
Short-term borrowings		23,613			204,151			50,065			19,119			37,010
Long-term FHLB advances and other borrowings		174,711			189,742			204,772			224,802			249,832
Subordinated notes		29,546			29,532			29,518			29,505			29,491
Total liabilities		2,904,522			3,040,403			2,795,621			2,717,623			2,693,070
Shareholders' equity		388,095			381,127			378,459			372,467			365,177

Average Balance Sheet (selected items)
Interest-bearing deposits with banks	$	39,669		$	55,298		$	33,532		$	44,950		$	39,050
Investment securities (AFS, HTM and Trading)		393,306			386,658			373,616			371,153			360,957
Loans held for sale		4,238			11,591			12,887			7,844			5,481
Portfolio loans and leases		2,551,439			2,506,376			2,464,085			2,404,799			2,303,103
Total interest-earning assets		2,988,652			2,959,923			2,884,120			2,828,746			2,708,591
Goodwill and intangible assets		124,884			125,614			126,505			127,402			128,296
Total assets		3,244,060			3,215,868			3,142,019			3,089,953			2,973,148
Deposits - interest-bearing		1,852,194			1,809,276			1,729,689			1,717,252			1,633,651
Short-term borrowings		47,603			40,629			40,966			32,328			34,158
Long-term FHLB advances and other borrowings		182,507			198,454			218,920			236,248			250,015
Subordinated notes		29,537			29,523			29,509			29,496			29,482
Total interest-bearing liabilities		2,111,841			2,077,882			2,019,084			2,015,324			1,947,306
Total liabilities		2,861,846			2,837,825			2,769,065			2,723,838			2,612,276
Shareholders' equity		382,214			378,043			372,954			366,115			360,872

Bryn Mawr Bank Corporation

Summary Financial Information (unaudited)

(dollars in thousands, except per share data)

	As of or For the Three Months Ended
	March 31, 2017			December 31, 2016			September 30, 2016			June 30, 2016			March 31, 2016
Income Statement
Net interest income	$	27,403		$	26,990		$	26,717		$	26,627		$	25,902
Provision for loan and lease losses		291			1,059			1,412			445			1,410
Noninterest income		13,227			13,248			13,786			13,781			13,153
Noninterest expense		26,660			25,087			25,371			26,220			24,996
Income tax expense (benefit)		4,635			4,684			4,346			4,810			4,328
Net income		9,044			9,408			9,374			8,933			8,321
Basic earnings per share		0.53			0.56			0.56			0.53			0.49
Diluted earnings per share		0.53			0.55			0.55			0.52			0.49
Net income (core) ⁽¹⁾		9,375			9,402			9,392			8,961			8,331
Basic earnings per share (core) ⁽¹⁾		0.55			0.56			0.56			0.53			0.49
Diluted earnings per share (core) ⁽¹⁾		0.55			0.55			0.55			0.53			0.49
Cash dividends paid per share		0.21			0.21			0.21			0.20			0.20
Profitability Indicators
Return on average assets		1.13	%		1.16	%		1.19	%		1.16	%		1.13	%
Return on average equity		9.60	%		9.90	%		10.00	%		9.81	%		9.27	%
Return on tangible equity⁽¹⁾		14.96	%		15.68	%		16.06	%		16.02	%		15.39	%
Tax-equivalent net interest margin		3.74	%		3.65	%		3.71	%		3.81	%		3.87	%
Efficiency ratio⁽¹⁾		62.66	%		60.30	%		60.41	%		62.62	%		61.70	%
Mortgage Banking Information
Mortgage loans originated	$	48,550		$	78,749		$	84,885		$	64,893		$	51,532
Residential mortgage loans sold - servicing retained		27,690			44,763			40,462			26,944			25,965
Residential mortgage loans sold - servicing released		4,981			4,632			10,522			5,278			2,397
Total residential mortgage loans sold	$	32,671		$	49,395		$	50,984		$	32,222		$	28,362
Residential mortgage loans serviced for others	$	638,553		$	631,889		$	618,134		$	610,418		$	605,366
Share Data
Closing share price	$	39.50		$	42.15		$	31.99		$	29.20		$	25.73
Book value per common share	$	22.87		$	22.50		$	22.40		$	22.14		$	21.73
Tangible book value per common share	$	15.53		$	15.11		$	14.94		$	14.60		$	14.13
Price / book value		172.71	%		187.34	%		142.80	%		131.90	%		118.38	%
Price / tangible book value		254.41	%		278.96	%		214.07	%		200.05	%		182.10	%
Weighted average diluted shares outstanding		17,182,689			17,164,675			17,072,358			17,027,419			16,883,364
Shares outstanding, end of period		16,969,451			16,939,715			16,893,878			16,824,564			16,801,801
Wealth Management Information:


Wealth assets under mgmt, administration, supervision and brokerage ⁽²⁾	$	11,725,460		$	11,328,457		$	9,969,745		$	9,632,521		$	9,281,743
Fees for wealth management services	$	9,303		$	9,327		$	9,100		$	9,431		$	8,832

Bryn Mawr Bank Corporation

Summary Financial Information (unaudited)

(dollars in thousands, except per share data)

	As of or For the Three Months Ended
	March 31, 2017			December 31, 2016			September 30, 2016			June 30, 2016			March 31, 2016
Capital Ratios
Bryn Mawr Trust Company
Tier I capital to risk weighted assets ("RWA")		10.58	%		10.50	%		10.99	%		10.94	%		10.69	%
Total (Tier II) capital to RWA		11.25	%		11.19	%		11.70	%		11.65	%		11.39	%
Tier I leverage ratio		8.83	%		8.73	%		9.17	%		9.06	%		9.15	%
Tangible equity ratio ⁽¹⁾		8.46	%		7.85	%		8.85	%		8.79	%		8.53	%
Common equity Tier I capital to RWA		10.58	%		10.50	%		10.99	%		10.94	%		10.69	%

Bryn Mawr Bank Corporation
Tier I capital to RWA		10.50	%		10.51	%		10.42	%		10.45	%		10.22	%
Total (Tier II) capital to RWA		12.30	%		12.35	%		12.30	%		12.35	%		12.13	%
Tier I leverage ratio		8.77	%		8.73	%		8.70	%		8.65	%		8.76	%
Tangible equity ratio ⁽¹⁾		8.32	%		7.76	%		8.28	%		8.29	%		8.10	%
Common equity Tier I capital to RWA		10.50	%		10.51	%		10.42	%		10.45	%		10.22	%

Asset Quality Indicators

Net loan and lease charge-offs ("NCO"s)	$	670		$	1,317		$	704		$	254		$	422
Nonperforming loans and leases ("NPL"s)	$	7,329		$	8,363		$	9,883		$	9,617		$	9,636
Other real estate owned ("OREO")		978			1,017			867			784			756
Total nonperforming assets ("NPA"s)	$	8,307		$	9,380		$	10,750		$	10,401		$	10,392

Nonperforming loans and leases 30 or more days past due	$	5,097		$	6,072		$	6,684		$	5,599		$	6,193
Performing loans and leases 30 to 89 days past due		6,077			3,062			2,537			3,564			6,296
Performing loans and leases 90 or more days past due		-			-			-			-			-
Total delinquent loans and leases	$	11,174		$	9,134		$	9,221		$	9,163		$	12,489

Delinquent loans and leases to total loans and leases		0.44	%		0.36	%		0.37	%		0.38	%		0.52	%
Delinquent performing loans and leases to total loans and leases		0.24	%		0.12	%		0.10	%		0.15	%		0.26	%
NCOs / average loans and leases (annualized)		0.11	%		0.21	%		0.11	%		0.04	%		0.07	%
NPLs / total portfolio loans and leases		0.29	%		0.33	%		0.40	%		0.40	%		0.41	%
NPAs / total loans and leases and OREO		0.32	%		0.37	%		0.43	%		0.43	%		0.44	%
NPAs / total assets		0.25	%		0.27	%		0.34	%		0.34	%		0.34	%
ALLL / NPLs		233.42	%		209.09	%		179.54	%		177.14	%		174.81	%
ALLL / portfolio loans		0.67	%		0.69	%		0.71	%		0.70	%		0.71	%
ALLL on originated loans and leases / Originated loans and leases⁽¹⁾		0.75	%		0.78	%		0.81	%		0.81	%		0.83	%
(Total Allowance + Loan mark) / Total Gross portfolio loans and leases ⁽¹⁾		1.12	%		1.17	%		1.24	%		1.30	%		1.37	%

Troubled debt restructurings ("TDR"s) included in NPLs	$	2,681		$	2,632		$	1,680		$	1,779		$	1,756
TDRs in compliance with modified terms		6,492			6,395			6,305			4,984			4,893
Total TDRs	$	9,173		$	9,027		$	7,985		$	6,763		$	6,649

⁽¹⁾Non-GAAP measure - see Appendix for Non-GAAP to GAAP reconciliation.

⁽²⁾Brokerage assets represent assets held at a registered broker dealer under a clearing agreement.

Bryn Mawr Bank Corporation

Detailed Balance Sheets (unaudited)

(dollars in thousands)

	March 31, 2017			December 31, 2016			September 30, 2016			June 30, 2016			March 31, 2016
Assets
Cash and due from banks	$	17,457		$	16,559		$	18,905		$	13,710		$	15,594
Interest-bearing deposits with banks		69,978			34,206			30,118			20,481			33,954
Cash and cash equivalents		87,435			50,765			49,023			34,191			49,548
Investment securities, available for sale		391,028			566,996			366,910			365,470			365,819
Investment securities, held to maturity		5,194			2,879			2,896			2,915			-
Investment securities, trading		4,138			3,888			3,702			3,521			3,642
Loans held for sale		3,015			9,621			11,506			11,882			7,807
Portfolio loans and leases, originated		2,286,814			2,240,987			2,176,549			2,090,070			2,015,683
Portfolio loans and leases, acquired		268,775			294,438			316,808			333,751			363,158
Total portfolio loans and leases		2,555,589			2,535,425			2,493,357			2,423,821			2,378,841
Less: Allowance for losses on originated loan and leases		(17,069	)		(17,458	)		(17,716	)		(17,008	)		(16,817	)
Less: Allowance for losses on acquired loan and leases		(38	)		(28	)		(28	)		(28	)		(28	)
Total allowance for loan and lease losses		(17,107	)		(17,486	)		(17,744	)		(17,036	)		(16,845	)
Net portfolio loans and leases		2,538,482			2,517,939			2,475,613			2,406,785			2,361,996
Premises and equipment		40,515			41,778			42,559			43,607			44,712
Accrued interest receivable		8,392			8,533			8,066			8,144			8,205
Mortgage servicing rights		5,686			5,582			4,793			4,646			5,182
Bank owned life insurance		39,479			39,279			39,055			38,836			38,616
Federal Home Loan Bank ("FHLB") stock		8,505			17,305			13,185			10,618			12,142
Goodwill		104,765			104,765			104,765			104,765			104,765
Intangible assets		19,864			20,405			21,235			22,123			23,012
Other investments		8,716			8,627			9,121			8,722			8,487
Other assets		27,403			23,168			21,651			23,865			24,314
Total assets	$	3,292,617		$	3,421,530		$	3,174,080		$	3,090,090		$	3,058,247

Liabilities
Deposits
Noninterest-bearing	$	771,556		$	736,180		$	718,015		$	689,214		$	643,492
Interest-bearing		1,865,009			1,843,495			1,759,862			1,720,477			1,700,550
Total deposits		2,636,565			2,579,675			2,477,877			2,409,691			2,344,042
Short-term borrowings		23,613			204,151			50,065			19,119			37,010
Long-term FHLB advances and other borrowings		174,711			189,742			204,772			224,802			249,832
Subordinated notes		29,546			29,532			29,518			29,505			29,491
Accrued interest payable		2,722			2,734			1,854			1,846			1,294
Other liabilities		37,365			34,569			31,535			32,660			31,401
Total liabilities		2,904,522			3,040,403			2,795,621			2,717,623			2,693,070

Shareholders' equity
Common stock		21,141			21,111			21,064			20,972			20,949
Paid-in capital in excess of par value		233,910			232,806			231,398			230,298			229,432
Less: common stock held in treasury, at cost		(66,969	)		(66,950	)		(66,895	)		(66,200	)		(66,140	)
Accumulated other comprehensive income (loss), net of tax		(1,990	)		(2,409	)		2,128			2,488			1,502
Retained earnings		202,003			196,569			190,764			184,909			179,434
Total shareholders equity		388,095			381,127			378,459			372,467			365,177
Total liabilities and shareholders' equity	$	3,292,617		$	3,421,530		$	3,174,080		$	3,090,090		$	3,058,247

Bryn Mawr Bank Corporation

Supplemental Balance Sheet Information (unaudited)

(dollars in thousands)

	Portfolio Loans and Leases as of
	March 31, 2017			December 31, 2016			September 30, 2016			June 30, 2016			March 31, 2016
Commercial mortgages	$	1,137,870		$	1,110,897		$	1,089,621		$	1,055,934		$	1,044,415
Home equity loans and lines		203,962			208,000			206,578			202,989			205,896
Residential mortgages		418,264			413,540			418,408			414,863			412,006
Construction		145,699			141,964			133,269			133,313			119,193
Total real estate loans		1,905,795			1,874,401			1,847,876			1,807,099			1,781,510
Commercial & Industrial		567,917			579,791			565,497			538,684			523,053
Consumer		23,932			25,341			23,717			21,561			21,427
Leases		57,945			55,892			56,267			56,477			52,851
Total non-real estate loans and leases		649,794			661,024			645,481			616,722			597,331
Total portfolio loans and leases	$	2,555,589		$	2,535,425		$	2,493,357		$	2,423,821		$	2,378,841


	Nonperforming Loans and Leases as of
	March 31, 2017			December 31, 2016			September 30, 2016			June 30, 2016			March 31, 2016
Commercial mortgages	$	315		$	320		$	139		$	139		$	872
Home equity loans and lines		1,828			2,289			2,827			3,011			1,953
Residential mortgages		2,640			2,658			2,845			2,909			2,923
Construction		-			-			-			-			12
Total nonperforming real estate loans		4,783			5,267			5,811			6,059			5,760
Commercial & Industrial		2,471			2,957			3,960			3,457			3,822
Consumer		-			2			2			4			-
Leases		75			137			110			97			54
Total nonperforming non-real estate loans and leases		2,546			3,096			4,072			3,558			3,876
Total nonperforming portfolio loans and leases	$	7,329		$	8,363		$	9,883		$	9,617		$	9,636


	Net Loan and Lease Charge-Offs (Recoveries) for the Three Months Ended
	March 31, 2017			December 31, 2016			September 30, 2016			June 30, 2016			March 31, 2016
Commercial mortgage	$	(3	)	$	(51	)	$	(4	)	$	(3	)	$	107
Home equity loans and lines		438			69			375			11			71
Residential		27			28			2			262			(35	)
Construction		(1	)		(1	)		-			(62	)		-
Total net charge-offs (recoveries) of real estate loans		461			45			373			208			143
Commercial & Industrial		59			1,128			95			(44	)		25
Consumer		39			42			58			30			20
Leases		111			102			178			60			234
Total net charge-offs of non-real estate loans and leases		209			1,272			331			46			279
Total net charge-offs	$	670		$	1,317		$	704		$	254		$	422

Bryn Mawr Bank Corporation

Supplemental Balance Sheet Information (unaudited)

(dollars in thousands)

	Investment Securities Available for Sale, at Fair Value
	March 31, 2017			December 31, 2016			September 30, 2016			June 30, 2016			March 31, 2016
U.S. Treasury securities	$	100		$	200,097		$	101		$	102		$	102
Obligations of the U.S. Government and agencies		100,476			82,198			76,598			86,134			96,080
State & political subdivisions - tax-free		30,416			33,005			36,735			39,047			39,502
State & political subdivisions - taxable		524			525			529			532			1,093
Mortgage-backed securities		197,420			185,951			184,919			186,354			183,127
Collateralized mortgage obligations		45,476			48,694			51,344			36,702			29,106
Other debt securities		1,299			1,299			1,450			1,450			1,700
Bond mutual funds		11,920			11,895			11,847			11,774			11,725
Other investments		3,397			3,332			3,387			3,375			3,384
Total	$	391,028		$	566,996		$	366,910		$	365,470		$	365,819


	Unrealized Gain (Loss) on Investment Securities Available for Sale
	March 31, 2017			December 31, 2016			September 30, 2016			June 30, 2016			March 31, 2016
U.S. Treasury securities	$	-		$	3		$	-		$	1		$	1
Obligations of the U.S. Government and agencies		(803	)		(913	)		946			1,183			984
State & political subdivisions - tax-free		(10	)		(96	)		131			240			173
State & political subdivisions - taxable		1			2			5			8			18
Mortgage-backed securities		196			(47	)		3,801			3,958			3,026
Collateralized mortgage obligations		(777	)		(794	)		253			496			330
Other debt securities		(1	)		(1	)		-			-			-
Bond mutual funds		(36	)		(61	)		(109	)		(182	)		(231	)
Other investments		132			13			34			(66	)		(155	)
Total	$	(1,298	)	$	(1,894	)	$	5,061		$	5,638		$	4,146


	Deposits
	March 31, 2017			December 31, 2016			September 30, 2016			June 30, 2016			March 31, 2016
Interest-bearing deposits:
Interest-bearing checking	$	395,131		$	379,424		$	333,055		$	333,425		$	335,240
Money market		757,071			761,657			725,116			718,144			773,637
Savings		255,791			232,193			228,391			217,877			190,477
Wholesale non-maturity deposits		69,471			74,272			64,664			58,690			62,454
Wholesale time deposits		68,164			73,037			99,052			113,274			131,145
Retail time deposits		319,381			322,912			309,584			279,067			207,597
Total interest-bearing deposits		1,865,009			1,843,495			1,759,862			1,720,477			1,700,550
Noninterest-bearing deposits		771,556			736,180			718,015			689,214			643,492
Total deposits	$	2,636,565		$	2,579,675		$	2,477,877		$	2,409,691		$	2,344,042

Bryn Mawr Bank Corporation

Detailed Income Statements (unaudited)

(dollars in thousands, except per share data)

	For the Three Months Ended
	March 31, 2017			December 31, 2016			September 30, 2016			June 30, 2016			March 31, 2016
Interest income:
Interest and fees on loans and leases	$	28,482		$	28,230		$	27,931		$	27,679		$	26,696
Interest on cash and cash equivalents		66			53			27			42			46
Interest on investment securities		1,778			1,639			1,556			1,565			1,527
Total interest income		30,326			29,922			29,514			29,286			28,269
Interest expense:
Interest on deposits		1,828			1,780			1,575			1,402			1,076
Interest on short-term borrowings		27			22			34			20			17
Interest on FHLB advances and other borrowings		698			760			818			867			908
Interest on subordinated notes		370			370			370			370			366
Total interest expense		2,923			2,932			2,797			2,659			2,367
Net interest income		27,403			26,990			26,717			26,627			25,902
Provision for loan and lease losses (the "Provision")		291			1,059			1,412			445			1,410
Net interest income after Provision		27,112			25,931			25,305			26,182			24,492
Noninterest income:
Fees for wealth management services		9,303			9,327			9,100			9,431			8,832
Insurance revenue		763			715			886			845			1,276
Service charges on deposits		647			688			688			713			702
Loan servicing and other fees		503			411			497			539			492
Net gain on sale of loans		629			607			879			857			705
Net gain (loss) on sale of investment securities available for sale		1			9			(28	)		(43	)		(15	)
Net (loss) gain on sale of other real estate owned		-			-			-			-			(76	)
Dividends on FHLB and FRB stocks		214			309			277			263			214
Other operating income		1,167			1,182			1,487			1,176			1,023
Total noninterest income		13,227			13,248			13,786			13,781			13,153
Noninterest expense:
Salaries and wages		12,450			11,855			11,621			12,197			11,738
Employee benefits		2,559			2,207			2,420			2,436			2,485
Occupancy and bank premises		2,526			2,407			2,349			2,367			2,488
Furniture, fixtures and equipment		1,974			1,869			1,837			1,895			1,919
Advertising		386			391			334			372			284
Amortization of intangible assets		693			830			888			889			891
Impairment (recovery) of mortgage servicing rights ("MSRs")		3			(580	)		29			599			83
Due diligence, merger-related and merger integration expenses		511			-			-			-			-
Professional fees		711			963			937			946			813
Pennsylvania bank shares tax		664			(204	)		675			640			638
Information technology		874			857			881			875			1,048
Other operating expenses		3,309			4,492			3,400			3,004			2,609
Total noninterest expense		26,660			25,087			25,371			26,220			24,996
Income before income taxes		13,679			14,092			13,720			13,743			12,649
Income tax expense		4,635			4,684			4,346			4,810			4,328
Net income	$	9,044		$	9,408		$	9,374		$	8,933		$	8,321
Per share data:
Weighted average shares outstanding		16,954,132			16,916,705			16,860,727			16,812,219			16,848,202
Dilutive common shares		228,557			247,970			211,631			215,200			34,991
Adjusted weighted average diluted shares		17,182,689			17,164,675			17,072,358			17,027,419			16,883,364
Basic earnings (loss) per common share	$	0.53		$	0.56		$	0.56		$	0.53		$	0.49
Diluted earnings (loss) per common share	$	0.53		$	0.55		$	0.55		$	0.52		$	0.49
Dividend declared per share	$	0.21		$	0.21		$	0.21		$	0.20		$	0.20
Effective tax rate		33.88	%		33.24	%		31.68	%		35.09	%		34.59	%

Bryn Mawr Bank Corporation

Tax-Equivalent Net Interest Margin (unaudited)

(dollars in thousands, except per share data)

	For The Three Months Ended
	March 31, 2017								December 31, 2016								September 30, 2016								June 30, 2016								March 31, 2016
(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	$	39,669		$	66		0.67	%	$	55,298		$	53		0.38	%	$	33,532		$	27		0.32	%	$	44,950		$	42		0.38	%	$	39,050		$	46		0.47	%
Investment securities - available for sale:
Taxable		354,229			1,653		1.89	%		344,931			1,498		1.73	%		329,293			1,423		1.72	%		325,893			1,433		1.77	%		316,353			1,397		1.78	%
Tax-exempt		31,485			164		2.11	%		34,985			175		1.99	%		37,893			189		1.98	%		39,193			187		1.92	%		40,658			191		1.89	%
Total investment securities - available for sale		385,714			1,817		1.91	%		379,916			1,673		1.75	%		367,186			1,612		1.75	%		365,086			1,620		1.78	%		357,011			1,588		1.79	%

Investment securities - held to maturity		3,702			7		0.77	%		2,889			7		0.96	%		2,907			6		0.82	%		2,427			4		0.66	%		-			-
Investment securities - trading		3,890			8		0.83	%		3,853			16		1.65	%		3,523			2		0.23	%		3,640			2		0.22	%		3,946			2		0.20	%

Loans and leases *		2,555,677			28,622		4.54	%		2,517,967			28,354		4.48	%		2,476,972			28,032		4.50	%		2,412,643			27,761		4.63	%		2,308,584			26,778		4.67	%

Total interest-earning assets		2,988,652			30,520		4.14	%		2,959,923			30,103		4.05	%		2,884,120			29,679		4.09	%		2,828,746			29,429		4.18	%		2,708,591			28,414		4.22	%

Cash and due from banks		14,942								16,127								16,228								16,413								16,501
Less: allowance for loan and lease losses		(17,580	)							(17,858	)							(17,257	)							(17,271	)							(16,239	)
Other assets		258,046								257,676								258,928								262,065								264,295

Total assets	$	3,244,060							$	3,215,868							$	3,142,019							$	3,089,953							$	2,973,148

Liabilities:

Interest-bearing deposits:
Savings, NOW and market rate deposits	$	1,388,561		$	756		0.22	%	$	1,328,577		$	686		0.21	%	$	1,286,404		$	641		0.20	%	$	1,273,964		$	589		0.19	%	$	1,279,630		$	569		0.18	%
Wholesale deposits		143,461			317		0.90	%		156,541			319		0.81	%		164,706			327		0.79	%		196,517			361		0.74	%		137,201			233		0.68	%
Retail time deposits		320,172			755		0.96	%		324,158			775		0.95	%		278,579			607		0.87	%		246,771			452		0.74	%		216,820			274		0.51	%
Total interest-bearing deposits		1,852,194			1,828		0.40	%		1,809,276			1,780		0.39	%		1,729,689			1,575		0.36	%		1,717,252			1,402		0.33	%		1,633,651			1,076		0.26	%

Borrowings:
Short-term borrowings		47,603			27		0.23	%		40,629			22		0.22	%		40,966			34		0.33	%		32,328			20		0.25	%		34,158			17		0.20	%
Long-term FHLB advances and other borrowings		182,507			698		1.55	%		198,454			760		1.52	%		218,920			818		1.49	%		236,248			867		1.48	%		250,015			908		1.46	%
Subordinated notes		29,537			370		5.08	%		29,523			370		4.99	%		29,509			370		4.99	%		29,496			370		5.05	%		29,482			366		4.99	%
Total borrowings		259,647			1,095		1.71	%		268,606			1,152		1.71	%		289,395			1,222		1.68	%		298,072			1,257		1.70	%		313,655			1,291		1.66	%

Total interest-bearing liabilities		2,111,841			2,923		0.56	%		2,077,882			2,932		0.56	%		2,019,084			2,797		0.55	%		2,015,324			2,659		0.53	%		1,947,306			2,367		0.49	%

Noninterest-bearing deposits		711,794								724,465								716,581								675,710								631,047
Other liabilities		38,211								35,478								33,400								32,804								33,923
Total noninterest-bearing liabilities		750,005								759,943								749,981								708,514								664,970

Total liabilities		2,861,846								2,837,825								2,769,065								2,723,838								2,612,276

Shareholders' equity		382,214								378,043								372,954								366,115								360,872

Total liabilities and shareholders' equity	$	3,244,060							$	3,215,868							$	3,142,019							$	3,089,953							$	2,973,148

Interest income to earning assets							4.14	%							4.05	%							4.09	%							4.18	%							4.22	%

Net interest spread							3.58	%							3.49	%							3.54	%							3.65	%							3.73	%
Effect of noninterest-bearing sources							0.16	%							0.16	%							0.17	%							0.16	%							0.14	%

Tax-equivalent net interest margin				$	27,597		3.74	%				$	27,171		3.65	%				$	26,882		3.71	%				$	26,770		3.81	%				$	26,047		3.87	%

Tax-equivalent adjustment				$	194		0.02	%				$	181		0.02	%				$	165		0.02	%				$	143		0.02	%				$	145		0.02	%

Supplemental Information Regarding Accretion of Fair Value Marks

	Interest Income (Expense) Effect			Effect on Yield or Rate			Interest Income (Expense) Effect			Effect on Yield or Rate			Interest Income (Expense) Effect			Effect on Yield or Rate			Interest Income (Expense) Effect			Effect on Yield or Rate			Interest Income (Expense) Effect			Effect on Yield or Rate
Loans and leases	$	726			0.12	%	$	742			0.12	%	$	578			0.09	%	$	1,076			0.18	%	$	953			0.17	%
Retail time deposits		(19	)		-0.02	%		(19	)		-0.02	%		(29	)		-0.04	%		(61	)		-0.10	%		(110	)		-0.20	%
Short-term borrowings		-			0.00	%		-			0.00	%		-			0.00	%		-			0.00	%		(12	)		-0.14	%
Long-term FHLB advances and other borrowings		(30	)		-0.07	%		(30	)		-0.06	%		(30	)		-0.05	%		(30	)		-0.05	%		(30	)		-0.05	%
Net interest income from fair value marks	$	775					$	791					$	637					$	1,167					$	1,105
Purchase accounting effect on tax-equivalent margin					0.11	%					0.11	%					0.09	%					0.17	%					0.16	%

* 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

Appendix - Non-GAAP to GAAP Reconciliations and Calculation of Non-GAAP Performance Measures (unaudited)

(dollars in thousands, except per share data)

Statement on Non-GAAP Measures: The Corporation believes the presentation of the following non-GAAP financial measures provides useful supplemental information that is essential to an investor’s proper understanding of the results of operations and financial condition of the Corporation. Management uses non-GAAP financial measures in its analysis of the Corporation’s performance. These non-GAAP measures should not be viewed as substitutes for the financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

	As of or For the Three Months Ended
	March 31, 2017			December 31, 2016			September 30, 2016			June 30, 2016			March 31, 2016
Reconciliation of Net Income to Net Income (core):
Net income (loss) (a GAAP measure)	$	9,044		$	9,408		$	9,374		$	8,933		$	8,321
Less: Tax-effected non-core noninterest income:
Loss (gain) on sale of investment securities available for sale		(1	)		(6	)		18			28			10
Add: Tax-effected non-core noninterest expense items:
Due diligence, merger-related and merger integration expenses		332			-			-			-			-
Net income (core) (a non-GAAP measure)	$	9,375		$	9,402		$	9,392		$	8,961		$	8,331

Calculation of Basic and Diluted Earnings per Common Share (core):
Weighted average common shares outstanding		16,954,132			16,916,705			16,860,727			16,812,219			16,848,202
Dilutive common shares		228,557			247,970			211,631			215,200			35,162
Adjusted weighted average diluted shares		17,182,689			17,164,675			17,072,358			17,027,419			16,883,364
Basic earnings per common share (core) (a non-GAAP measure)	$	0.55		$	0.56		$	0.56		$	0.53		$	0.49
Diluted earnings per common share (core) (a non-GAAP measure)	$	0.55		$	0.55		$	0.55		$	0.53		$	0.49

Calculation of Return on Average Tangible Equity:
Net income (loss)	$	9,044		$	9,408		$	9,374		$	8,933		$	8,321
Add: Tax-effected amortization and impairment of intangible assets		450			540			577			578			579
Net tangible income (numerator)	$	9,494		$	9,948		$	9,951		$	9,511		$	8,900

Average shareholders' equity	$	382,214		$	378,043		$	372,954		$	366,115		$	360,872
Less: Average goodwill and intangible assets		(124,884	)		(125,614	)		(126,505	)		(127,402	)		(128,296	)
Net average tangible equity (denominator)	$	257,330		$	252,429		$	246,449		$	238,713		$	232,576

Return on tangible equity (a non-GAAP measure)		14.96	%		15.68	%		16.06	%		16.02	%		15.39	%

Calculation of Tangible Equity Ratio:
Total shareholders' equity	$	388,095		$	381,127		$	378,459		$	372,467		$	365,177
Less: Goodwill and intangible assets		(124,629	)		(125,170	)		(126,000	)		(126,888	)		(127,777	)
Net tangible equity (numerator)	$	263,466		$	255,957		$	252,459		$	245,579		$	237,400

Total assets	$	3,292,617		$	3,421,530		$	3,174,080		$	3,090,090		$	3,058,247
Less: Goodwill and intangible assets		(124,629	)		(125,170	)		(126,000	)		(126,888	)		(127,777	)
Tangible assets (denominator)	$	3,167,988		$	3,296,360		$	3,048,080		$	2,963,202		$	2,930,470

Tangible equity ratio		8.32	%		7.76	%		8.28	%		8.29	%		8.10	%

Bryn Mawr Bank Corporation

Appendix - Non-GAAP to GAAP Reconciliations and Calculation of Non-GAAP Performance Measures (unaudited)

(dollars in thousands, except per share data)

	As of or For the Three Months Ended
	March 31, 2017			December 31, 2016			September 30, 2016			June 30, 2016			March 31, 2016
Calculation of Efficiency Ratio:
Noninterest expense	$	26,660		$	25,087		$	25,371		$	26,220		$	24,996
Less: certain noninterest expense items*:
Loss on pension termination		-			-			-			-			-
Severance expense (Salaries and wages)		-			-			-			-			-
Branch lease termination expense		-			-			-			-			-
Debt and swap prepayment penalty (Other operating expenses)		-			-			-			-			-
Amortization of intangibles		(693	)		(830	)		(888	)		(889	)		(891	)
Impairment of intangible assets		-			-			-			-			-
Due diligence, merger-related and merger integration expenses		(511	)		-			-			-			-
Noninterest expense (adjusted) (numerator)	$	25,456		$	24,257		$	24,483		$	25,331		$	24,105

Noninterest income	$	13,227		$	13,248		$	13,786		$	13,781		$	13,153
Less: non-core noninterest income items:
Loss (gain) on sale of investment securities available for sale		(2	)		(9	)		28			43			15
Noninterest income (core)	$	13,225		$	13,239		$	13,814		$	13,824		$	13,168
Net interest income		27,403			26,990			26,717			26,627			25,902
Noninterest income (core) and net interest income (denominator)	$	40,628		$	40,229		$	40,531		$	40,451		$	39,070

Efficiency ratio		62.66	%		60.30	%		60.41	%		62.62	%		61.70	%

* In calculating the Corporation's efficiency ratio, which is used by Management to identify the cost of generating each dollar of core revenue, certain non-core income and expense items as well as the amortization of intangible assets, are excluded.

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

Total Allowance	$	17,107		$	17,486		$	17,744		$	17,036		$	16,845
less: Allowance on acquired loans		38			28			28			28			28
Allowance on originated loans and leases	$	17,069		$	17,458		$	17,716		$	17,008		$	16,817

Total Allowance	$	17,107		$	17,486		$	17,744		$	17,036		$	16,845
Loan mark on acquired loans		11,544			12,286			13,391			14,566			15,930
Total Allowance + Loan mark	$	28,651		$	29,772		$	31,135		$	31,602		$	32,775

Total Portfolio loans and leases	$	2,555,589		$	2,535,425		$	2,493,357		$	2,423,821		$	2,378,841
less: Originated loans and leases		2,286,814			2,240,987			2,176,549			2,090,070			2,015,683
Net acquired loans	$	268,775		$	294,438		$	316,808		$	333,751		$	363,158
add: Loan mark on acquired loans		11,544			12,286			13,391			14,566			15,930
Gross acquired loans (excludes loan mark)	$	280,319		$	306,724		$	330,199		$	348,317		$	379,088
Originated loans and leases		2,286,814			2,240,987			2,176,549			2,090,070			2,015,683
Total Gross portfolio loans and leases	$	2,567,133		$	2,547,711		$	2,506,748		$	2,438,387		$	2,394,771

Attached files

Stock widget

Investing forum

BRYN MAWR BANK CORP Reports