XML 23 R7.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities:      
Net income attributable to Bryn Mawr Bank Corporation $ 32,573 $ 59,206 $ 63,792
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 41,677 8,595 7,089
Depreciation of premises and equipment 7,805 7,801 6,610
Net gain on sale of long-lived assets (2,297) 0 0
Non-cash operating lease expense 3,224 3,647 0
Loss on disposal of premises and equipment 825 69 1,627
Impairment of long-lived assets 1,605 0 0
Net amortization of investment premiums and discounts 5,128 2,800 3,044
Net gain on sale of investment securities available for sale 0 0 (7)
Net gain on sale of loans (5,779) (2,342) (3,283)
Stock-based compensation 3,044 3,725 2,750
Amortization and net impairment of mortgage servicing rights 1,824 597 830
Net accretion of fair value adjustments (3,707) (6,088) (9,883)
Amortization of intangible assets 3,567 3,801 3,656
Impairment of other real estate owned ("OREO") and other repossessed assets 0 0 89
Net (gain) loss on sale of OREO (148) 84 (295)
Net increase in cash surrender value of bank owned life insurance ("BOLI") (1,314) (1,235) (1,177)
Other, net 786 (475) 532
Loans originated for resale (106,252) (90,865) (86,323)
Proceeds from loans sold 107,568 93,459 91,353
Provision for deferred income taxes (3,678) 1,539 9,839
Change in income taxes payable/receivable 340 5,897 415
Change in accrued interest receivable (3,022) 103 1,661
Change in accrued interest payable 29 (404) 3,125
Change in operating lease liabilities (3,156) (3,525) 0
Change in other assets (71,910) (33,018) (19,222)
Change in other liabilities 62,544 40,010 3,013
Net cash provided by operating activities 71,276 93,381 79,235
Investing activities:      
Purchases of investment securities available for sale (894,815) (719,700) (338,421)
Purchases of investment securities held to maturity (5,372) (4,868) (1,328)
Proceeds from maturity and paydowns of investment securities available for sale 632,015 293,987 278,895
Proceeds from maturity and paydowns of investment securities held to maturity 3,023 891 532
Proceeds from sale of investment securities available for sale 0 0 7
Net change in FHLB stock 11,078 (9,214) 5,553
Proceeds from calls of investment securities 97,775 167,290 810
Net change in other investments (1,059) (157) (4,056)
Purchase of customer relationships 0 (18) (366)
Purchase of portfolio loans and leases 0 0 (14,974)
Net portfolio loan and lease originations (250,163) (264,822) (127,589)
Proceeds from portfolio loans sold 305,313 0 0
Purchases of premises and equipment (1,348) (7,187) (19,426)
Proceeds from the sale of long-lived assets 3,166 0 0
Acquisitions, net of cash acquired 0 0 (380)
Proceeds from sale of OREO 534 418 525
Net cash used in investing activities (99,853) (543,380) (220,218)
Financing activities:      
Change in deposits 534,404 243,836 226,598
Change in short-term borrowings (421,058)    
Change in short-term borrowings   240,852 14,502
Dividends paid (21,356) (20,685) (19,289)
Change in long-term FHLB advances and other borrowings (12,501) (3,240) (83,872)
Payment of contingent consideration for business combinations (507) (875) (660)
Cash payments to taxing authorities on employees' behalf from shares withheld from stock-based compensation (633) (625) (1,639)
Net proceeds from sale of (purchase of) treasury stock for deferred compensation plans (153) (172) 2
Repurchase of warrants from U.S. Treasury 0 0 (1,755)
Net purchase of treasury stock through publicly announced plans (7,249) (4,524) (5,936)
Proceeds from exercise of stock options 12 907 1,464
Net cash provided by financing activities 70,959 455,474 129,415
Change in cash and cash equivalents 42,382 5,475 (11,568)
Cash and cash equivalents at beginning of period 53,931 48,456 60,024
Cash and cash equivalents at end of period 96,313 53,931 48,456
Supplemental cash flow information:      
Income taxes 12,203 12,716 3,449
Interest 23,865 46,152 28,453
Non-cash information:      
Change in other comprehensive income (loss) 6,761 9,700 (3,099)
Change in deferred tax due to change in comprehensive income 1,797 2,578 (823)
Transfer of loans to other real estate owned and repossessed assets 386 72 372
Acquisition of noncash assets and liabilities:      
Assets acquired 0 0 1,096
Liabilities assumed $ 0 $ 0 $ 687