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Bryn Mawr Bank

Financials

Price	36.74	EPS	3
Shares	20	P/E	12
MCap	743	P/FCF	59
Net Debt	-95	EBIT	117
TEV	649	TEV/EBIT	6
TTM 2019-09-30, in MM, except price, ratios

Filings

10-K	2020-12-31	Filed 2021-03-01
10-Q	2020-09-30	Filed 2020-11-05
10-Q	2020-06-30	Filed 2020-08-10
10-Q	2020-03-31	Filed 2020-05-08
10-K	2019-12-31	Filed 2020-02-28
10-Q	2019-09-30	Filed 2019-11-06
10-Q	2019-06-30	Filed 2019-08-07
10-Q	2019-03-31	Filed 2019-05-08
10-K	2018-12-31	Filed 2019-03-01
10-Q	2018-09-30	Filed 2018-11-02
10-Q	2018-06-30	Filed 2018-08-03
10-Q	2018-03-31	Filed 2018-05-04
10-K	2017-12-31	Filed 2018-03-01
10-Q	2017-09-30	Filed 2017-11-03
10-Q	2017-06-30	Filed 2017-08-04
10-Q	2017-03-31	Filed 2017-05-05
10-K	2016-12-31	Filed 2017-03-10
10-Q	2016-09-30	Filed 2016-11-04
10-Q	2016-06-30	Filed 2016-08-05
10-Q	2016-03-31	Filed 2016-05-06
10-K	2015-12-31	Filed 2016-03-11
10-Q	2015-09-30	Filed 2015-11-06
10-Q	2015-06-30	Filed 2015-08-07
10-Q	2015-03-31	Filed 2015-05-08
10-K	2014-12-31	Filed 2015-03-12
10-Q	2014-09-30	Filed 2014-11-07
10-Q	2014-06-30	Filed 2014-08-08
10-Q	2014-03-31	Filed 2014-05-09
10-K	2013-12-31	Filed 2014-03-14
10-Q	2013-09-30	Filed 2013-11-08
10-Q	2013-06-30	Filed 2013-08-09
10-Q	2013-03-31	Filed 2013-05-10
10-K	2012-12-31	Filed 2013-03-15
10-Q	2012-09-30	Filed 2012-11-09
10-Q	2012-06-30	Filed 2012-08-09
10-Q	2012-03-31	Filed 2012-05-10
10-K	2011-12-31	Filed 2012-03-15
10-Q	2011-09-30	Filed 2011-11-09
10-Q	2011-06-30	Filed 2011-08-09
10-Q	2011-03-31	Filed 2011-05-10
10-K	2010-12-31	Filed 2011-03-16
10-Q	2010-09-30	Filed 2010-11-09
10-Q	2010-06-30	Filed 2010-08-09
10-Q	2010-03-31	Filed 2010-05-10
10-K	2009-12-31	Filed 2010-03-15

Reports

8-K	2020-10-22
8-K	2020-10-22
8-K	2020-09-21
8-K	2020-07-20
8-K	2020-07-20
8-K	2020-06-29
8-K	2020-04-20
8-K	2020-04-20
8-K	2020-04-16
8-K	2020-02-12
8-K	2020-01-16
8-K	2019-11-15
8-K	2019-10-17
8-K	2019-07-29
8-K	2019-07-18
8-K	2019-06-11
8-K	2019-04-18
8-K	2019-03-29
8-K	2019-02-13
8-K	2019-01-17
8-K	2018-10-31
8-K	2018-10-18
8-K	2018-07-27
8-K	2018-07-19
8-K	2018-05-25
8-K	2018-05-09
8-K	2018-04-19
8-K	2018-03-08
8-K	2018-02-07
8-K	2018-01-29
8-K	2018-01-18

BMTC 10K Annual Report

Content

Part I

Item 1. Business

Item 1A. Risk Factors

Item 1B. Unresolved Staff Comments

Item 2. Properties

Item 3. Legal Proceedings

Item 4. Mine Safety Disclosures

Part II

Item 5. Market for The Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 6. Selected Financial Data

Item 7. Management's Discussion and Analysis of Financial Condition and Results Operations ("MD&A")

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

Item 8. Financial Statements and Supplementary Data

Note 1 - Summary of Significant Accounting Policies

Note 2 - Recent Accounting Pronouncements

Note 3 - Business Combinations

Note 4 - Investment Securities

Note 5 - Loans and Leases

Note 6 - Premises and Equipment

Note 7 - Mortgage Servicing Rights

Note 8 - Goodwill and Intangible Assets

Note 9 - Other Real Estate Owned

Note 10 - Deposits

Note 11 - Short - Term Borrowings and Long - Term Fhlb Advances

Note 12 - Subordinated Notes

Note 13 - Junior Subordinated Debentures

Note 14 - Operating Leases

Note 15 - Derivatives and Hedging Activities

Note 16 - Pension and Postretirement Benefit Plans

Note 17 - Income Taxes

Note 18 - Accumulated Other Comprehensive Income (Loss)

Note 19 - Earnings per Common Share

Note 20 - Revenue From Contracts with Customers

Note 21 - Stock - Based Compensation

Note 22 - 401(K) Plan and Other Defined Contribution Plans

Note 23 - Fair Value Measurement

Note 24 - Disclosure About Fair Value of Financial Instruments

Note 25 - Financial Instruments with Off - Balance Sheet Risk, Contingencies and Concentration of Credit Risk

Note 26 - Related Party Transactions

Note 27 - Dividend Restrictions

Note 28 - Regulatory Capital Requirements

Note 29 - Selected Quarterly Financial Data (Unaudited)

Note 30 - Parent Company - Only Financial Statements

Note 31 - Segment Information

Item 9. Change in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9A. Controls and Procedures

Item 9B. Other Information

Part III

Item 10. Directors, Executive Officers and Corporate Governance

Item 11. Executive Compensation

Item 12. Security Ownership of Certain Beneficial Owners and Management

Item 13. Certain Relationships and Related Transactions

Item 14. Principal Accounting Fees and Services

Part IV

Item 15. Exhibits and Financial Statement Schedules

Item 15(A) (1 & 2) Financial Statements and Schedules

Item 15(A) (3) and (B) - Exhibits

Item 15(C) - Not Applicable.

Item 16. Form 10 - K Summary

Exhibits

EX-10.10	bmtc2020ex1010xformof2021r.htm
EX-10.50	bmtc2020ex1050xformof2021r.htm
EX-21.1	bmtc2020ex211xsubsidiaries.htm
EX-23.1	bmtc202010-kex231.htm
EX-31.1	bmtc202010-kex311.htm
EX-31.2	bmtc202010-kex312.htm
EX-32.1	bmtc202010-kex321.htm
EX-32.2	bmtc202010-kex322.htm

Bryn Mawr Bank Earnings 2020-12-31

Balance Sheet	Income Statement	Cash Flow
Assets, Equity	Rev, G Profit, Net Income	Ops, Inv, Fin

bmtc-20201231

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549


Form 10-K

(Mark One)


☒			ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2020


☐			TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

for the transition period from to

Commission file number 001-35746.



BRYN MAWR BANK CORPORATION (Exact name of registrant as specified in its charter)


Pennsylvania			23-2434506
(State of other jurisdiction of Incorporation or Organization)			(I.R.S. Employer Identification Number)

801 Lancaster Avenue, Bryn Mawr, Pennsylvania			19010
(Address of principal executive offices)			(Zip Code)


(Registrant’s telephone number, including area code)			(610)			525-1700

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading symbol	Name of each exchange on which registered
Common Stock ($1 par value)	BMTC	The Nasdaq Stock Market LLC

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes ☒ No ☐

Indicate by check mark if registrant is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act.

Yes ☐ No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period than the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter)

during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Table of Contents


Large Accelerated Filer	☐	Accelerated Filer	☒
Non-Accelerated Filer	☐	Smaller Reporting Company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of

the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.

7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☒

Indicate by checkmark whether the registrant is a shell company (as defined by Rule 12b-2 of the Act):

Yes ☐ No ☒

The aggregate market value of shares of common stock held by non-affiliates of the registrant (including fiduciary accounts administered by affiliates) was $543,510,131 on June 30, 2020 and was based upon the last sales price at which our common stock was quoted on the NASDAQ Stock Market on June 30, 2020.*

As of February 24, 2021, there were 19,879,922 shares of common stock outstanding.

Documents Incorporated by Reference: Portions of the Definitive Proxy Statement of registrant to be filed with the Commission pursuant to Regulation 14A with respect to the registrant’s Annual Meeting of Shareholders to be held on April 22, 2021 (“2021 Proxy Statement”), as indicated in Parts II and III, are incorporated into this Form 10-K by reference.


*			The registrant does not admit by virtue of the foregoing that its officers and directors are “affiliates” as defined in Rule 405.

Table of Contents

Form 10-K

Bryn Mawr Bank Corporation

Index


Item No.		Page

	Part I
1.	Business	3
1A.	Risk Factors	14
1B.	Unresolved Staff Comments	28
2.	Properties	28
3.	Legal Proceedings	29
4.	Mine Safety Disclosures	29

	Part II

5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	30
6.	Selected Financial Data	32
7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”)	34
7A.	Quantitative and Qualitative Disclosures about Market Risk	64
8.	Financial Statements and Supplementary Data	65
9.	Change in and Disagreements with Accountants on Accounting and Financial Disclosure	142
9A.	Controls and Procedures	142
9B.	Other Information	143

	Part III

10.	Directors, Executive Officers and Corporate Governance	143
11.	Executive Compensation	143
12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	143
13.	Certain Relationships and Related Transactions, Director Independence	143
14.	Principal Accounting Fees and Services	143