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Consolidated Statements of Income - Unaudited - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income:    
Interest and fees on loans and leases $ 44,837 $ 40,689
Interest on cash and cash equivalents 132 53
Interest on investment securities:    
Taxable 3,450 2,706
Non-taxable 47 84
Dividends 2 2
Total interest income 48,468 43,534
Interest expense:    
Interest on deposits 8,097 3,472
Interest on short-term borrowings 943 630
Interest on FHLB advances and other borrowings 278 562
Interest on subordinated notes 1,145 1,143
Interest on junior subordinated debentures 358 288
Total interest expense 10,821 6,095
Net interest income 37,647 37,439
Provision for loan and lease losses 3,736 1,030
Net interest income after provision for loan and lease losses 33,911 36,409
Noninterest income:    
Fees for wealth management services 10,392 10,308
Insurance commissions 1,672 1,693
Capital markets revenue 2,219 666
Service charges on deposits 808 713
Loan servicing and other fees 609 686
Net gain on sale of loans 319 518
Net gain on sale of investment securities available for sale 0 7
Net gain (loss) on sale of other real estate owned (OREO) (24) 176
Dividends on FHLB and FRB stock 411 431
Other operating income 2,847 4,338
Total noninterest income 19,253 19,536
Noninterest expenses:    
Salaries and wages 20,901 15,982
Employee benefits 4,166 3,708
Occupancy and bank premises 3,252 3,050
Furniture, fixtures, and equipment 2,389 1,898
Advertising 415 461
Amortization of intangible assets 938 879
Due diligence, merger-related and merger integration expenses 0 4,319
Professional fees 1,320 748
Pennsylvania bank shares tax 409 473
Data processing 1,320 1,195
Other operating expenses 4,614 3,317
Total noninterest expenses 39,724 36,030
Income before income taxes 13,440 19,915
Income tax expense 2,764 4,630
Net income 10,676 15,285
Net (loss) attributable to noncontrolling interest (1) (1)
Net income attributable to Bryn Mawr Bank Corporation $ 10,677 $ 15,286
Basic earnings per common share (in dollars per share) $ 0.53 $ 0.76
Diluted earnings per common share (in dollars per share) 0.53 0.75
Dividends paid or accrued per share (in dollars per share) $ 0.25 $ 0.22
Weighted-average basic shares outstanding 20,168,498 20,202,969
Dilutive shares 103,163 247,525
Denominator for diluted earnings per share – adjusted weighted average shares outstanding 20,271,661 20,450,494