BRYN MAWR BANK CORP - FORM 10-K - EX-12.1 - EXHIBIT 12.1

file	filename
EX-32.2 - EXHIBIT 32.2 - BRYN MAWR BANK CORP	ex_106319.htm
EX-32.1 - EXHIBIT 32.1 - BRYN MAWR BANK CORP	ex_106318.htm
EX-31.2 - EXHIBIT 31.2 - BRYN MAWR BANK CORP	ex_106317.htm
EX-31.1 - EXHIBIT 31.1 - BRYN MAWR BANK CORP	ex_106316.htm
EX-23.1 - EXHIBIT 23.1 - BRYN MAWR BANK CORP	ex_106505.htm
EX-21.1 - EXHIBIT 21.1 - BRYN MAWR BANK CORP	ex_106320.htm
EX-10.46 - EXHIBIT 10.46 - BRYN MAWR BANK CORP	ex_106324.htm
EX-10.45 - EXHIBIT 10.45 - BRYN MAWR BANK CORP	ex_106323.htm
EX-10.34 - EXHIBIT 10.34 - BRYN MAWR BANK CORP	ex_106322.htm
EX-10.12 - EXHIBIT 10.12 - BRYN MAWR BANK CORP	ex_106321.htm
10-K - FORM 10-K - BRYN MAWR BANK CORP	bmtc20171231_10k.htm

Exhibit 12.1

RATIO OF EARNINGS TO FIXED CHARGES

The consolidated ratios of fixed charges to earnings for each of the years indicated are as follows:

	For the Twelve Months Ended December 31,
(dollars in thousands)	2017		2016		2015
Earnings:
Income before income taxes	$	57,246	$	54,205	$	25,926
Plus: interest expense		14,432		10,755		8,415
Plus: estimate of interest within rental expense¹		1,587		1,538		1,680

Earnings including interest on deposits	$	73,265	$	66,498	$	36,021
Less interest on deposits		8,748		5,833		4,212

Earnings excluding interest on deposits	$	64,517	$	60,665	$	31,809


Fixed charges (pre-tax):
Fixed charges including interest on deposits	$	16,019	$	12,293	$	10,095
Less: interest on deposits		8,748		5,833		4,212
Fixed charges excluding interest on deposits	$	7,271	$	6,460	$	5,883

Ratio of Earnings to Fixed Charges:
Excluding interest on deposits		8.9		9.4		5.4
Including interest on deposits		4.6		5.4		3.6

¹ interest expense within rental expense is estimated at 1/3 of rental expense

BRYN MAWR BANK CORP - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - March 1, 2018