Bryn Mawr Bank Corp BMTC Income Statement

Bryn mawr bank corp (BMTC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest income:
Interest and fees on loans and leases
42,795	43,220	45,527	44,783	44,837	44,157	42,103	41,689	40,689	32,245	30,892	29,143	28,482	28,230	27,931	27,679	26,696	26,080	25,620	25,568	25,164	19,913	19,710	19,876	19,042	19,213	18,697	18,219	17,812	17,658	17,027	17,034	17,172	17,616	17,471	17,515	16,719	16,876	12,740
Interest on cash and cash equivalents
111	195	143	73	132	83	64	64	53	37	36	35	66	53	27	42	46	63	107	124	115	66	46	44	37	27	21	41	69	40	34	30	23	27	29	27	32	61	37
Interest on investment securities:
Taxable
3,176	3,516	3,870	3,494	3,450	3,233	2,993	2,922	2,706	2,430	2,177	1,906	1,623	1,467	1,373	1,384	1,351	1,402	1,135	1,161	1,320	891	863	891	951	1,146	967	829	857	881	937	1,049	1,103	1,082	1,132	1,166	1,108	1,007	699
Non-taxable
24	28	31	37	47	60	71	78	84	86	91	101	110	118	125	126	128	131	125	106	135	95	100	101	103	106	107	98	85	69	56	45	38	23	16	19	168	193	179
Dividends
1	1	2	1	2	1	2	1	2	0	2	52	45	54	58	55	48	90	42	34	20	90	30	29	28	33	28	30	32	34	27	30	36	46	43	124	199	336	169
Total interest income
46,107	46,960	49,573	48,388	48,468	47,534	45,233	44,754	43,534	34,798	33,198	31,237	30,326	29,922	29,514	29,286	28,269	27,766	27,029	26,993	26,754	21,055	20,749	20,941	20,161	20,525	19,820	19,217	18,855	18,682	18,081	18,188	18,372	18,794	18,691	18,851	18,226	18,473	13,824
Interest expense:
Interest on deposits
7,637	8,674	9,510	9,655	8,097	7,048	5,533	4,499	3,472	2,739	2,198	1,983	1,828	1,780	1,575	1,402	1,076	1,046	1,076	1,062	1,028	754	742	713	689	650	639	694	775	905	937	1,064	1,126	1,354	1,493	1,518	1,422	1,737	1,365
Interest on short-term borrowings
453	555	937	357	943	681	1,096	985	630	579	547	237	27	22	34	20	17	9	8	10	21	6	3	5	3	12	5	4	4	5	5	5	6	6	7	6	6	8	0
Interest on FHLB advances and other borrowings
244	279	243	269	278	331	394	490	562	595	645	682	698	760	818	867	908	912	881	851	910	808	828	781	746	738	643	596	667	797	918	925	964	889	968	977	842	1,430	1,128
Interest on subordinated notes
1,145	1,144	1,145	1,144	1,145	1,145	1,144	1,143	1,143	518	370	370	370	370	370	370	366	-	231	0	-	-	-	-	-	-	-	-	-	79	270	291	291	287	279	280	277	294	280
Interest on junior subordinated debentures
295	323	340	352	358	342	337	321	288	46	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	236	271	271	272	222	0
Total interest expense
9,774	10,975	12,175	11,777	10,821	9,547	8,504	7,438	6,095	4,477	3,760	3,272	2,923	2,932	2,797	2,659	2,367	2,337	2,196	1,923	1,959	1,568	1,573	1,499	1,438	1,400	1,287	1,294	1,446	1,786	2,130	2,285	2,387	2,772	3,018	3,052	2,819	3,691	2,773
Net interest income
36,333	35,985	37,398	36,611	37,647	37,987	36,729	37,316	37,439	30,321	29,438	27,965	27,403	26,990	26,717	26,627	25,902	25,429	24,833	25,070	24,795	19,487	19,176	19,442	18,723	19,125	18,533	17,923	17,409	16,896	15,951	15,903	15,985	16,022	15,673	15,799	15,407	14,782	11,051
Provision for credit losses on loans and leases
32,335	2,225	919	1,627	3,736	2,362	664	3,137	1,030	1,077	1,333	-83	291	1,059	1,412	445	1,410	1,777	1,200	850	569	-316	550	-100	750	812	959	1,000	804	1,000	1,000	1,003	1,000	1,056	1,828	1,919	1,285	4,236	994
Net interest income after provision for credit losses on loans and leases
3,998	33,760	36,479	34,984	33,911	35,625	36,065	34,179	36,409	29,244	28,105	28,048	27,112	25,931	25,305	26,182	24,492	23,652	23,633	24,220	24,226	19,803	18,626	19,542	17,973	18,313	17,574	16,923	16,605	15,896	14,951	14,900	14,985	14,966	13,845	13,880	14,122	10,546	10,057
Noninterest income:
Fees for wealth management services
11,168	11,672	10,826	11,510	10,392	11,017	10,343	10,658	10,308	-	9,651	9,807	-	9,327	9,100	9,431	8,832	8,995	9,194	9,600	9,105	9,263	9,099	9,499	8,913	9,106	8,635	9,094	8,349	8,365	7,993	7,211	6,229	6,306	6,098	5,075	4,190	3,689	3,898
Bank owned life insurance ("BOLI") income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	72	85	113	97	108	105	118	114	115	118	115	131	0
Insurance commissions
1,533	1,666	1,842	1,697	1,672	1,459	1,754	1,902	1,693	1,510	1,373	943	763	715	886	845	1,276	842	1,065	817	1,021	702	164	128	105	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital markets revenue
2,361	5,455	2,113	1,489	2,219	1,367	710	2,105	666	600	843	953	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposits
846	858	856	852	808	798	726	752	713	-	676	630	-	688	688	713	702	742	721	752	712	658	663	656	601	638	627	596	584	654	634	609	580	654	646	615	580	672	488
Loan servicing and other fees
461	489	555	553	609	539	559	475	686	536	548	519	503	411	497	539	492	502	397	597	591	450	431	428	446	465	481	448	451	473	432	436	435	454	449	460	461	422	379
Net gain on sale of loans
782	597	674	752	319	1,606	631	528	518	493	799	520	629	607	879	857	705	576	685	778	808	471	440	537	324	529	578	1,492	1,518	2,424	1,837	1,304	1,170	699	764	656	398	1,189	606
Net gain on sale of investment securities available for sale
-	-	0	0	-	0	0	0	7	28	72	0	1	9	-28	-43	-15	58	60	3	810	390	0	85	-4	-10	0	0	2	-	416	716	-	415	343	577	448	259	0
Net gain (loss) on sale of other real estate owned ("OREO")
148	-48	-12	0	-24	3	5	111	176	-	0	-12	-	0	0	0	-76	33	0	75	15	-	-49	220	-	-106	-1	-141	-52	0	-45	0	-41	-38	70	-110	-19	38	0
Dividends on FHLB and FRB stock
444	432	346	316	411	305	375	510	431	290	217	218	214	309	277	263	214	330	138	299	615	210	126	199	80	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating income
557	2,134	2,255	3,052	2,847	1,003	3,171	3,034	4,338	1,542	1,405	1,207	1,167	1,182	1,487	1,176	1,023	1,415	1,090	1,256	1,088	735	669	1,005	674	982	995	1,369	825	430	873	1,000	1,096	816	779	774	1,037	653	519
Total noninterest income
18,300	23,255	19,455	20,221	19,253	18,097	18,274	20,075	19,536	15,536	15,584	14,785	13,227	13,248	13,786	13,781	13,153	13,493	13,350	14,177	14,765	12,883	11,543	12,757	11,139	12,235	11,387	12,943	11,790	13,170	12,248	11,381	9,587	9,420	9,264	8,165	7,210	7,053	5,890
Noninterest expenses:
Salaries and wages
16,989	18,667	17,765	17,038	20,901	17,921	16,528	16,240	15,982	13,619	13,602	13,580	12,450	11,855	11,621	12,197	11,738	11,700	10,941	11,064	10,870	9,869	9,110	9,694	8,440	9,438	9,012	9,086	8,810	8,848	8,703	8,075	7,505	7,404	7,639	6,700	6,341	7,047	5,345
Employee benefits
3,500	2,685	3,288	3,317	4,166	2,977	3,356	2,877	3,708	2,717	2,560	2,404	2,489	1,908	2,420	2,436	2,485	2,268	2,590	2,618	2,729	1,900	1,652	1,809	1,979	2,399	1,896	2,212	2,325	2,041	1,903	2,023	2,160	1,889	1,674	1,591	1,735	1,646	1,364
Net gain on curtailment of nonqualified pension plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	120	570	-	-	-	-	-	-	-	-	-	-
Occupancy and bank premises
3,015	3,206	3,008	3,125	3,252	3,135	2,717	2,697	3,050	2,648	2,485	2,247	2,526	2,407	2,349	2,367	2,488	2,474	2,557	2,808	2,466	1,808	1,881	1,683	1,933	1,738	1,646	1,728	1,750	1,617	1,488	1,394	1,375	1,424	1,225	1,241	1,286	1,195	901
Furniture, fixtures, and equipment
2,431	2,401	2,335	2,568	2,389	2,370	2,070	2,069	1,898	1,816	1,726	1,869	1,974	1,869	1,837	1,895	1,919	2,129	1,712	1,488	1,512	1,358	1,078	1,089	983	1,017	920	1,221	819	961	935	940	891	938	865	810	896	695	557
Advertising
401	599	587	504	415	540	349	369	461	386	277	405	386	391	334	372	284	656	410	479	557	400	310	455	339	432	302	380	412	363	267	359	320	257	204	441	264	303	256
Amortization of intangible assets
918	953	954	956	938	997	891	889	879	677	677	687	693	832	888	889	891	937	953	955	982	753	633	636	637	654	658	660	661	673	669	560	509	522	541	266	161	166	77
Impairment of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	29	599	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of mortgage servicing rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	187	218	212	248	243	256	219	225	197	158	169	206	210
Impairment of mortgage servicing rights ("MSR"s)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	-22	-	-	-	-	-	-703	33	-91	71	81	105	87	-110	114	468	196	8	168	177
FDIC insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	271	275	258	255	262	234	219	218	238	250	480	416	299
Impairment of OREO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	381	0
Due diligence, merger-related and merger integration expenses
-	-	0	0	-	0	389	3,053	4,319	3,507	850	1,236	511	0	0	0	0	1,860	1,015	1,294	2,501	957	775	377	264	155	328	688	714	1,190	316	914	209	-79	135	174	307	4,292	637
Early extinguishment of debt - costs and premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-347	-	-	-	-	-	-	-	-	-	-
Professional fees
1,368	1,754	1,044	1,316	1,320	1,526	997	932	748	769	739	1,049	711	963	937	946	813	1,010	843	827	673	809	701	914	593	581	636	664	575	1,030	609	572	657	647	516	738	410	459	459
Pennsylvania bank shares tax
116	42	514	513	409	374	472	473	473	16	317	297	664	-204	675	640	638	-46	433	433	433	64	412	412	368	-	139	366	-	-	-	-	-	-	-	-	-	-	-
Data processing
1,394	1,517	1,377	1,303	1,320	1,340	1,155	1,252	1,195	1,006	880	821	874	857	881	875	1,048	874	1,053	814	702	747	678	697	649	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating expenses
6,286	4,606	4,301	4,548	4,614	3,665	4,668	4,985	3,317	3,895	4,071	3,900	3,382	4,839	3,400	3,004	2,692	4,235	2,860	3,224	4,004	3,267	2,731	2,860	2,714	2,712	3,295	3,237	3,851	2,177	3,389	2,714	2,841	3,432	1,970	2,304	2,140	2,391	1,821
Total noninterest expenses
36,418	36,430	35,173	35,188	39,724	34,845	33,592	35,836	36,030	31,056	28,184	28,495	26,660	25,087	25,371	26,220	24,996	46,776	25,403	25,982	27,429	21,932	19,961	20,626	18,899	20,658	19,323	20,524	20,235	21,089	18,889	18,128	16,795	16,991	15,672	14,869	14,197	19,365	12,103
(Loss) income before income taxes
-14,120	20,585	20,761	20,017	13,440	18,877	20,747	18,418	19,915	13,724	15,505	14,338	13,679	14,092	13,720	13,743	12,649	-9,631	11,580	12,415	11,562	10,754	10,208	11,673	10,213	9,890	9,638	9,342	8,160	7,977	8,310	8,153	7,777	7,395	7,437	7,176	7,135	-1,766	3,844
Income tax (benefit) expense
-2,957	4,202	4,402	4,239	2,764	1,746	4,066	3,723	4,630	19,924	4,766	4,905	4,635	4,684	4,346	4,810	4,328	-3,276	4,084	4,296	4,068	3,710	3,702	4,069	3,524	3,419	3,237	3,090	2,840	2,673	2,885	2,808	2,704	2,544	2,207	2,371	2,419	-746	1,438
Net (loss) income
-11,163	16,383	16,359	15,778	10,676	17,131	16,681	14,695	15,285	-6,200	10,739	9,433	9,044	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to noncontrolling interest
0	-1	-1	-7	-1	-5	-1	7	-1	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income attributable to Bryn Mawr Bank Corporation
-11,163	16,384	16,360	15,785	10,677	17,136	16,682	14,688	15,286	-6,200	10,739	9,433	9,044	9,408	9,374	8,933	8,321	-6,355	7,496	8,119	7,494	7,044	6,506	7,604	6,689	6,471	6,401	6,252	5,320	5,304	5,425	5,345	5,073	4,851	5,230	4,805	4,716	-1,020	2,406
Basic (loss) earnings per common share (in dollars per share)
-0.56	0.82	0.81	0.78	0.53	0.84	0.82	0.73	0.76	-0.38	0.63	0.56	0.53	0.56	0.56	0.53	0.49	-0.36	0.43	0.46	0.43	0.51	0.48	0.56	0.50	0.49	0.48	0.47	0.40	0.41	0.41	0.41	0.39	0.38	0.41	0.38	0.38	-0.08	0.25
Diluted (loss) earnings per common share (in dollars per share)
-0.56	0.81	0.81	0.78	0.53	0.84	0.82	0.72	0.75	-0.38	0.62	0.55	0.53	0.56	0.55	0.52	0.49	-0.35	0.42	0.45	0.42	0.50	0.47	0.55	0.49	0.47	0.47	0.46	0.40	0.40	0.41	0.40	0.39	0.37	0.41	0.38	0.38	-0.08	0.25
Dividends paid or accrued per common share (in dollars per share)
0.26	0.25	0.26	0.26	0.25	0.25	0.25	0.22	0.22	0.22	0.22	0.21	0.21	0.21	0.21	0.20	0.20	0.20	0.20	0.19	0.19	0.19	0.19	0.18	0.18	0.18	0.17	0.17	0.17	0.16	0.16	0.16	0.16	0.15	0.15	0.15	0.15	0.14	0.14
Weighted-average basic shares outstanding (in shares)
20,053	20,123	20,132	20,144	20,168	20,226	20,270	20,238	20,202	17,638	17,023	16,984	16,954	16,917	16,860	16,812	16,848	17,121	17,572	17,713	17,545	13,648	13,600	13,531	13,485	13,421	13,336	13,280	13,205	13,158	13,149	13,072	12,979	12,738	12,862	12,693	12,344	12,184	9,740
Dilutive shares (in shares)
0	84	76	99	103	31	167	174	247	287	230	248	228	212	211	215	34	111	261	340	357	296	272	304	304	308	275	227	230	154	146	158	147	-24,784	36	12,718	12,359	12,184	9,752
Adjusted weighted-average diluted shares (in shares)
20,053	20,208	20,208	20,244	20,271	20,258	20,438	20,413	20,450	17,926	17,253	17,232	17,182	17,129	17,072	17,027	16,883	17,233	17,834	18,054	17,903	13,945	13,872	13,836	13,790	13,730	13,612	13,507	13,435	13,313	13,295	13,231	13,127	38,030	12,898	24	14	0	12