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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income:      
Interest and fees on loans and leases $ 155,916 $ 178,367 $ 168,638
Interest on cash and cash equivalents 295 543 264
Interest on investment securities:      
Taxable 11,388 14,330 11,854
Non-taxable 77 143 293
Dividends 5 6 6
Total interest income 167,681 193,389 181,055
Interest expense:      
Interest on deposits 16,971 35,936 20,552
Interest on short-term borrowings 702 2,792 3,392
Interest on FHLB advances and other borrowings 859 1,069 1,777
Interest on subordinated notes 4,426 4,578 4,575
Interest on junior subordinated debentures 936 1,373 1,288
Total interest expense 23,894 45,748 31,584
Net interest income 143,787 147,641 149,471
Provision for credit losses 41,677 8,595 7,089
Net interest income after provision for credit losses 102,110 139,046 142,382
Noninterest income:      
Fees for wealth management services 44,532 44,400 42,326
Insurance commissions 5,911 6,877 6,808
Capital markets revenue 9,491 11,276 4,848
Service charges on deposits 2,868 3,374 2,989
Loan servicing and other fees 1,646 2,206 2,259
Net gain on sale of loans 5,779 2,342 3,283
Net gain on sale of investment securities available for sale 0 0 7
Net gain on sale of long-lived assets 2,297 0 0
Net gain (loss) on sale of other real estate owned ("OREO") 148 (84) 295
Dividends on FHLB and FRB stock 1,151 1,505 1,621
Other operating income 8,148 10,288 11,546
Total noninterest income 81,971 82,184 75,982
Noninterest expenses:      
Salaries and wages 68,846 74,371 66,671
Employee benefits 12,605 13,456 12,918
Occupancy and bank premises 12,727 12,591 11,599
Furniture, fixtures, and equipment 9,432 9,693 8,407
Impairment of long-lived assets 1,605 0 0
Advertising 1,609 2,105 1,719
Amortization of intangible assets 3,567 3,801 3,656
Due diligence, merger-related and merger integration expenses 0 0 7,761
Professional fees 6,428 5,434 4,203
Pennsylvania bank shares tax 8 1,478 1,792
Data processing 5,777 5,517 4,942
Other operating expenses 20,123 17,981 16,739
Total noninterest expenses 142,727 146,427 140,407
Income before income taxes 41,354 74,803 77,957
Income tax expense 8,856 15,607 14,165
Net income 32,498 59,196 63,792
Net loss attributable to noncontrolling interest (75) (10) 0
Net income attributable to Bryn Mawr Bank Corporation $ 32,573 $ 59,206 $ 63,792
Basic earnings per common share (in dollars per share) $ 1.63 $ 2.94 $ 3.15
Diluted earnings per common share (in dollars per share) 1.63 2.93 3.13
Dividends declared per share (in dollars per share) $ 1.06 $ 1.02 $ 0.94
Weighted-average basic shares outstanding (in shares) 19,970,921 20,142,306 20,234,792
Dilutive shares (in shares) 71,424 91,065 155,375
Adjusted weighted-average diluted shares (in shares) 20,042,345 20,233,371 20,390,167