XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities:    
Net income attributable to Bryn Mawr Bank Corporation $ 38,425 $ 3,872
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
(Recovery of) provision for credit losses (11,827) 38,785
Depreciation of fixed assets 3,136 4,001
Non-cash operating lease expense 1,417 1,613
Net amortization of investment premiums and discounts 3,697 1,891
Net gain on sale of loans (775) (3,916)
Stock based compensation 1,003 1,513
Amortization and net impairment of mortgage servicing rights 453 1,010
Net accretion of fair value adjustments (1,432) (1,989)
Amortization of intangible assets 1,673 1,828
Net gain on sale of OREO 0 (148)
Net increase in cash surrender value of bank owned life insurance ("BOLI") (600) (649)
Other, net 1,389 1,216
Loans originated for sale (20,313) (46,750)
Proceeds from loans sold 26,475 48,211
Provision for deferred income taxes 0 99
Change in income taxes payable/receivable, net 3,188 (4,963)
Change in accrued interest receivable 1,924 (3,095)
Change in accrued interest payable (884) 1,659
Change in operating lease liabilities (1,459) (1,565)
Change in other assets 25,681 (96,979)
Change in other liabilities (29,502) 88,683
Net cash provided by operating activities 41,669 34,327
Investing activities:    
Purchases of investment securities available for sale (158,069) (120,458)
Purchases of investment securities held to maturity 0 (1,103)
Proceeds from maturity and paydowns of investment securities available for sale 578,314 557,125
Proceeds from maturity and paydowns of investment securities held to maturity 2,146 1,023
Net change in FHLB stock 8,334 19,238
Proceeds from calls of investment securities 17,434 45,500
Net change in other investments (464) (372)
Net portfolio loan and lease originations 9,456 (337,951)
Proceeds from sales of loans originally classified as portfolio loans and leases 0 302,169
Purchases of premises and equipment (659) (814)
Proceeds from sale of OREO 0 534
Net cash provided by investing activities 456,492 464,891
Financing activities:    
Change in deposits (416,401) 401,624
Change in short-term borrowings (50,608) (464,328)
Dividends paid (10,755) (10,438)
Change in long-term FHLB advances and other borrowings 0 (7,501)
Payment of contingent consideration for business combinations (150) (507)
Cash payments to taxing authorities on employees' behalf from shares withheld from stock-based compensation (12) (144)
Net purchase of treasury stock for deferred compensation plans (82) (90)
Net purchase of treasury stock through publicly announced plans (2,567) (7,249)
Proceeds from exercise of stock options 0 5
Net cash used in financing activities (480,575) (88,628)
Change in cash and cash equivalents 17,586 410,590
Cash and cash equivalents at beginning of period 96,313 53,931
Cash and cash equivalents at end of period 113,899 464,521
Supplemental cash flow information:    
Income taxes 7,874 5,922
Interest 6,164 14,351
Non-cash information:    
Change in other comprehensive income (4,150) 6,832
Change in deferred tax due to change in comprehensive income (1,102) 1,816
Transfer of loans to OREO and repossessed assets $ 0 $ 386