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Consolidated Statements of Income - Unaudited - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income:        
Interest and fees on loans and leases $ 42,103 $ 30,892 $ 124,481 $ 88,517
Interest on cash and cash equivalents 64 36 181 137
Interest on investment securities:        
Taxable 2,993 2,177 8,621 5,706
Non-taxable 71 91 233 302
Dividends 2 2 5 99
Total interest income 45,233 33,198 133,521 94,761
Interest expense:        
Interest on deposits 5,533 2,198 13,504 6,009
Interest on short-term borrowings 1,096 547 2,711 811
Interest on FHLB advances and other borrowings 394 645 1,446 2,025
Interest on subordinated notes 1,144 370 3,430 1,110
Interest on junior subordinated debentures 337 0 946 0
Total interest expense 8,504 3,760 22,037 9,955
Net interest income 36,729 29,438 111,484 84,806
Provision for loan and lease losses 664 1,333 4,831 1,541
Net interest income after provision for loan and lease losses 36,065 28,105 106,653 83,265
Noninterest income:        
Fees for wealth management services 10,343 9,651 31,309 28,761
Insurance commissions 1,754 1,373 5,349 3,079
Capital markets revenue 710 843 3,481 1,796
Service charges on deposits 726 676 2,191 1,953
Loan servicing and other fees 559 548 1,720 1,570
Net gain on sale of loans 631 799 1,677 1,948
Net gain on sale of investment securities available for sale 0 72 7 73
Net gain (loss) on sale of other real estate owned (OREO) 5 0 292 (12)
Dividends on FHLB and FRB stock 375 217 1,316 649
Other operating income 3,171 1,405 10,543 3,779
Total noninterest income 18,274 15,584 57,885 43,596
Noninterest expenses:        
Salaries and wages 16,528 13,602 48,750 39,632
Employee benefits 3,356 2,560 9,941 7,453
Occupancy and bank premises 2,717 2,485 8,464 7,258
Furniture, fixtures, and equipment 2,070 1,726 6,037 5,569
Advertising 349 277 1,179 1,068
Amortization of intangible assets 891 677 2,659 2,057
Due diligence, merger-related and merger integration expenses 389 850 7,761 2,597
Professional fees 997 739 2,677 2,499
Pennsylvania bank shares tax 472 317 1,418 1,278
Information technology 1,155 880 3,602 2,575
Other operating expenses 4,668 4,071 12,970 11,353
Total noninterest expenses 33,592 28,184 105,458 83,339
Income before income taxes 20,747 15,505 59,080 43,522
Income tax expense 4,066 4,766 12,419 14,306
Net income 16,681 10,739 46,661 29,216
Net (loss) income attributable to noncontrolling interest 1 0 (5) 0
Net income attributable to Bryn Mawr Bank Corporation $ 16,682 $ 10,739 $ 46,656 $ 29,216
Basic earnings per common share (in dollars per share) $ 0.82 $ 0.63 $ 2.31 $ 1.72
Diluted earnings per common share (in dollars per share) 0.82 0.62 2.28 1.69
Dividends paid or accrued per share (in dollars per share) $ 0.25 $ 0.22 $ 0.69 $ 0.64
Weighted-average basic shares outstanding 20,270,706 17,023,046 20,237,757 16,987,499
Dilutive shares 167,670 230,936 206,318 254,728
Denominator for diluted earnings per share – adjusted weighted average shares outstanding 20,438,376 17,253,982 20,444,075 17,242,227