Bryn Mawr Bank Corp BMTC Income Statement

Bryn mawr bank corp (BMTC)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Interest income:
Interest and fees on loans and leases
178,367	168,638	120,762	110,536	102,432	78,541	73,941	68,891	69,321	59,324	51,686
Interest on cash and cash equivalents
543	264	174	168	409	193	158	127	115	179	272
Interest on investment securities:
Taxable
14,330	11,854	8,136	5,575	5,018	3,596	3,799	3,970	4,488	3,653	4,007
Non-taxable
143	293	388	497	497	399	396	208	226	749	593
Dividends
6	6	99	215	186	177	123	127	412	992	334
Total interest income
193,389	181,055	129,559	116,991	108,542	82,906	78,417	73,323	74,562	64,897	56,892
Interest expense:
Interest on deposits
35,936	20,552	8,748	5,833	4,212	2,898	2,758	4,032	5,787	6,101	9,970
Interest on short-term borrowings
2,792	3,392	1,390	93	48	17	25	21	25	16	1
Interest on FHLB advances and other borrowings
1,069	1,777	2,620	3,353	3,554	3,163	2,644	3,604	3,676	4,907	5,020
Interest on subordinated notes
4,578	4,575	1,628	1,476	601	0	-	931	1,123	1,129	1,108
Interest on junior subordinated debentures
1,373	1,288	46	0	0	-	-	-	1,050	493	-
Total interest expense
45,748	31,584	14,432	10,755	8,415	6,078	5,427	8,588	11,661	12,646	16,099
Net interest income
147,641	149,471	115,127	106,236	100,127	76,828	72,990	64,735	62,901	52,251	40,793
Provision for credit losses on loans and leases
8,507	7,193	2,618	4,326	4,396	884	3,575	4,003	6,088	9,854	6,884
Net interest income after provision for credit losses on loans and leases
139,134	142,278	112,509	101,910	95,731	75,944	69,415	60,732	56,813	42,397	33,909
Noninterest income:
Fees for wealth management services
44,400	42,326	38,735	36,690	36,894	36,774	35,184	29,798	21,669	15,499	14,178
Bank owned life insurance ("BOLI") income
-	-	-	-	-	-	-	428	462	266	-
Insurance commissions
6,877	6,808	4,589	3,722	3,745	1,099	651	444	-	-	-
Capital markets revenue
11,276	4,848	2,396	0	0	-	-	-	-	-	-
Service charges on deposits
3,374	2,989	2,608	2,791	2,927	2,578	2,445	2,477	2,495	2,307	1,951
Loan servicing and other fees
2,206	2,259	2,106	1,939	2,087	1,755	1,845	1,776	1,824	1,626	1,387
Net gain on sale of loans
2,342	3,283	2,441	3,048	2,847	1,772	4,117	6,735	2,517	4,718	6,012
Net gain on sale of investment securities available for sale
0	7	101	-77	931	471	-8	1,415	1,783	2,472	1,923
Net gain on sale of trading securities
-	-	-	-	-	-	-	-	-	-	255
Net gain (loss) on sale of other real estate owned ("OREO")
-84	295	-104	-76	123	175	-300	-86	-97	-114	6
Dividends on FHLB and FRB stock
1,505	1,621	939	1,063	1,382	615	250	-	-	-	-
Other operating income
10,288	11,546	5,321	4,868	4,849	3,083	4,171	3,399	3,406	2,525	2,758
Total noninterest income
82,184	75,982	59,132	53,968	55,785	48,322	48,355	46,386	34,059	29,299	28,470
Noninterest expenses:
Salaries and wages
74,371	66,671	53,251	47,411	44,575	37,113	36,346	33,131	28,084	24,829	22,275
Employee benefits
13,456	12,918	10,170	9,249	10,205	7,340	8,832	8,127	6,889	5,984	5,578
Net loss on settltment of pension plan
-	-	-	-	-17,377	0	-	-	-	-	-
Occupancy and bank premises
12,591	11,599	9,906	9,611	10,305	7,305	6,862	5,874	5,176	4,257	3,637
Branch lease termination expense
-	-	-	-	929	0	-	-	-	-	-
Furniture, fixtures, and equipment
9,693	8,407	7,385	7,520	6,841	4,508	3,977	3,727	3,509	2,778	2,407
Advertising
2,105	1,719	1,454	1,381	2,102	1,504	1,526	1,309	1,166	1,142	1,084
Amortization of intangible assets
3,801	3,656	2,734	3,500	3,827	2,659	2,633	2,411	1,490	484	308
Impairment of intangible assets
-	-	-	-	387	0	-	-	-	-	-
Amortization of mortgage servicing rights
-	-	-	-	-	-	-	966	749	923	853
Impairment of mortgage servicing rights ("MSR"s)
-	-	-	-	-	-	-690	163	786	30	-137
FDIC insurance
-	-	-	-	-	-	-	970	1,186	1,551	1,234
FDIC special assessment
-	-	-	-	-	-	-	-	-	-	540
Due diligence, merger-related and merger integration expenses
0	7,761	6,104	0	6,670	2,373	1,885	2,629	537	5,714	616
Early extinguishment of debt - costs and premiums
-	-	-	-	-	-	-	-526	-	-	-
Professional fees
5,434	4,203	3,268	3,659	3,353	3,017	2,456	2,868	2,311	2,140	2,008
Pennsylvania bank shares tax
1,478	1,792	1,294	1,749	1,253	1,256	942	1,079	-	-	-
Data processing
5,517	4,942	3,581	3,661	3,443	2,771	2,876	-	-	-	-
Other operating expenses
18,069	16,635	15,248	13,935	14,323	11,572	13,095	11,121	9,846	8,374	6,139
Total noninterest expenses
146,515	140,303	114,395	101,674	125,590	81,418	80,740	74,901	61,729	58,206	46,542
(Loss) income before income taxes
74,803	77,957	57,246	54,204	25,926	42,848	37,030	32,217	29,143	13,490	15,837
Income tax (benefit) expense
15,607	14,165	34,230	18,168	9,172	15,005	12,586	11,070	9,541	4,444	5,500
Net (loss) income
59,196	63,792	23,016	36,036	-	-	-	-	-	-	-
Net loss attributable to noncontrolling interest
-10	0	0	0	-	-	-	-	-	-	-
Net (loss) income attributable to Bryn Mawr Bank Corporation
59,206	63,792	23,016	36,036	16,754	27,843	24,444	21,147	19,602	9,046	10,337
Basic (loss) earnings per common share (in dollars per share)
2.94	3.15	1.34	2.14	0.96	2.05	1.84	1.62	1.55	0.85	1.18
Diluted (loss) earnings per common share (in dollars per share)
2.93	3.13	1.32	2.12	0.94	2.01	1.80	1.60	1.54	0.85	1.18
Dividends paid or accrued per common share (in dollars per share)
1.02	0.94	0.86	0.82	0.78	0.74	0.69	0.64	0.60	0.56	0.56
Weighted-average basic shares outstanding (in shares)
20,142	20,234	17,150	16,859	17,488	13,566	13,311	13,090	12,659	10,680	8,732
Dilutive shares (in shares)
91	155	248	168	267	294	260	151	82	12	8,748
Adjusted weighted-average diluted shares (in shares)
20,233	20,390	17,398	17,028	17,756	13,861	13,571	13,241	12,742	10,692	16