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Consolidated Statements of Income - Unaudited - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income:        
Interest and fees on loans and leases $ 41,689 $ 29,143 $ 82,378 $ 57,625
Interest on cash and cash equivalents 64 35 117 101
Interest on investment securities:        
Taxable 2,922 1,906 5,628 3,529
Non-taxable 78 101 162 211
Dividends 1 52 3 97
Total interest income 44,754 31,237 88,288 61,563
Interest expense:        
Interest on deposits 4,499 1,983 7,971 3,811
Interest on short-term borrowings 985 237 1,615 264
Interest on FHLB advances and other borrowings 490 682 1,052 1,380
Interest on subordinated notes 1,143 370 2,286 740
Interest on junior subordinated debentures 321 0 609 0
Total interest expense 7,438 3,272 13,533 6,195
Net interest income 37,316 27,965 74,755 55,368
Provision for loan and lease losses 3,137 (83) 4,167 208
Net interest income after provision for loan and lease losses 34,179 28,048 70,588 55,160
Noninterest income:        
Fees for wealth management services 10,658 9,807 20,966 19,110
Insurance commissions 1,902 943 3,595 1,706
Capital markets revenue 2,105 953 2,771 953
Service charges on deposits 752 630 1,465 1,277
Loan servicing and other fees 475 519 1,161 1,022
Net gain on sale of loans 528 520 1,046 1,149
Net gain on sale of investment securities available for sale 0 0 7 1
Net gain (loss) on sale of other real estate owned (OREO) 111 (12) 287 (12)
Dividends on FHLB and FRB stock 510 218 941 432
Other operating income 3,034 1,207 7,372 2,374
Total noninterest income 20,075 14,785 39,611 28,012
Noninterest expenses:        
Salaries and wages 16,240 13,580 32,222 26,030
Employee benefits 2,877 2,404 6,585 4,893
Occupancy and bank premises 2,697 2,247 5,747 4,773
Furniture, fixtures, and equipment 2,069 1,869 3,967 3,843
Advertising 369 405 830 791
Amortization of intangible assets 889 687 1,768 1,380
Due diligence, merger-related and merger integration expenses 3,053 1,236 7,372 1,747
Professional fees 932 1,049 1,680 1,760
Pennsylvania bank shares tax 473 297 946 961
Information technology 1,252 821 2,447 1,695
Other operating expenses 4,985 3,900 8,302 7,282
Total noninterest expenses 35,836 28,495 71,866 55,155
Income before income taxes 18,418 14,338 38,333 28,017
Income tax expense 3,723 4,905 8,353 9,540
Net income 14,695 9,433 29,980 18,477
Net income attributable to noncontrolling interest (7) 0 (6) 0
Net income attributable to Bryn Mawr Bank Corporation $ 14,688 $ 9,433 $ 29,974 $ 18,477
Basic earnings per common share (in dollars per share) $ 0.73 $ 0.56 $ 1.48 $ 1.09
Diluted earnings per common share (in dollars per share) 0.72 0.55 1.47 1.07
Dividends paid or accrued per share (in dollars per share) $ 0.22 $ 0.21 $ 0.44 $ 0.42
Weighted-average basic shares outstanding 20,238,852 16,984,563 20,221,010 16,969,431
Dilutive shares 174,726 248,204 206,782 238,381
Denominator for diluted earnings per share – adjusted weighted average shares outstanding 20,413,578 17,232,767 20,427,792 17,207,812