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Bryn Mawr Bank Corporation Reports Strong Third Quarter 2012 Earnings, Led by Robust Wealth Management Revenues and Residential

Bryn Mawr Bank Corporation Reports Strong Third Quarter 2012 Earnings, Led by
Robust Wealth Management Revenues and Residential Mortgage Gains

BRYN MAWR, Pa., Oct. 25, 2012 (GLOBE NEWSWIRE) -- Bryn Mawr Bank Corporation
(Nasdaq:BMTC), (the "Corporation"), parent of The Bryn Mawr Trust Company (the
"Bank"), today announced net income for the three months ended September 30,
2012 of $5.4 million, an increase of $195 thousand, or 3.7%, as compared to
net income of $5.2 million for the same period in 2011. Diluted earnings per
share of $0.41 for the three months ended September 30, 2012 remained
unchanged from the same period in 2011. Included in the net income for the
quarter were due diligence and merger-related expenses of $316 thousand and
$188 thousand in prepayment penalties related to the early extinguishmentof
$9.4 million of debt. Contributing significantly to the Corporation's solid
performance for the quarter was a $1.9 million increase in revenue for Wealth
Management services along with a $1.1 million increase in gain on sale of
mortgage loans for the three months ended September 30, 2012, as compared to
the same period in 2011.

On October 25, 2012, the Board of Directors of the Corporation declared a
quarterly dividend of $0.16 per share. The dividend is payable December 1,
2012, to shareholders of record as of November 6, 2012.

Ted Peters, Chairman and Chief Executive Officer commented, "The Corporation
has posted yet another excellent quarter driven by strong non-interest
revenue, which was able to offset increases in non-interest expense during the
quarter. The revenue from Wealth Management services reported during the
quarter demonstrated the impact of the May 15, 2012 acquisition of the
Davidson Trust Company." Mr. Peters added, "The continuing low-interest- rate
environment has helped sustain the residential mortgage refinancing trend,
allowing the Corporation to record its third consecutive quarterly increase in
gain on sale of residential mortgage loans. We are pleased that these sources
of non-interest income have more than compensated for the continuing pressure
on our net interest margin."

The previously announced acquisition of consumer and business deposit and loan
accounts, as well as a branch location in Wilmington, Delaware, from the First
Bank of Delaware, which is anticipated to increase loans by approximately $90
million and deposits by approximately $60 million, is expected to close during
the fourth quarter of 2012. An amendment to the original purchase agreement
between the Corporation and the First Bank of Delaware was filed on Form 8-K
on October 18, 2012 with the Securities and Exchange Commission.

Mr. Peters continued, "We are looking forward to completing the First Bank of
Delaware transaction. The acquisition will expand our footprint in Delaware,
complementing Lau Associates and the Bryn Mawr Trust Company of Delaware, and
enable us to establish a commercial banking foothold in the attractive
Delaware market."

SIGNIFICANT ITEMS OF NOTE

  oNet income for the three months ended September 30, 2012 increased $195
    thousand, or 3.7%, as compared to the same period in 2011. The Corporation
    experienced significant increases in revenue for Wealth Management
    services and gain on sale of residential mortgage loans, as well as a
    substantial decrease in the provision for loan and lease losses for the
    three months ended September 30, 2012, as compared to the same period in
    2011. These improvements were partially offset by increases in salaries
    and employee benefits, occupancy, intangible asset amortization, due
    diligence and merger-related expense and other operating expenses.
  oNon-interest income of $12.2 million for the three months ended September
    30, 2012, represented 43.4% of total revenue (net interest income plus
    non-interest income) and was a $3.0 million, or 32.2%, increase from the
    same period in 2011. Non-interest income represented 37.1% of total
    revenue for the three months ended September 30, 2011.
  oComprising a significant portion of non-interest income, revenue from
    Wealth Management services for the three months ended September 30, 2012
    was $8.0 million, an increase of 31.1% from the $6.1 million generated
    during the same period in 2011, reflecting the effects of the May 15, 2012
    acquisition of the Davidson Trust Company ("DTC"). Wealth Management
    Division assets under management, administration, supervision and
    brokerage as of September 30, 2012 were $6.5 billion, an increase of $1.7
    billion, or 34.2 %, from December 31, 2011, and a $2.0 billion, or 44.0%
    increase, from September 30, 2011. A significant portion of this increase
    was the result of the DTC acquisition, along with additional organic
    growth from within the Wealth Management division.
  oNon-interest expense for the three months ended September 30, 2012 totaled
    $18.9 million, an increase of $3.2 million from the same period in 2011.
    Factors contributing to this increase included a $1.3 million increase in
    salaries and employee benefits and a $333 thousand increase in
    occupancy-related costs, largely related to the acquisition of DTC. In
    addition, due diligence and merger-related expenses increased by $180
    thousand related to the pending First Bank of Delaware transaction. Other
    increases in non-interest expense between the periods included a $433
    thousand increase in deferred compensation expense which totaled $120
    thousand for the three months ended September 30, 2012 as compared to a
    credit of $313 thousand for the same period in 2011. This deferred
    compensation expense is discussed below under the heading, "Correction of
    an Immaterial Accounting Error." In addition, the Corporation incurred a
    $188 thousand prepayment penalty resulting from the early extinguishment
    of $9.4 millionof debt.
  oTax-equivalent net interest income of $16.0 million for the three months
    ended September 30, 2012 increased $278 thousand, or 1.8%, from the $15.7
    million of tax-equivalent net interest income for the same period in 2011.
  oThe tax-equivalent net interest margin of 3.78% for the three months ended
    September 30, 2012 declined 12 basis points from 3.90% for the same period
    in 2011. The effect of this decline in tax-equivalent net interest margin
    was more than offset by an $84.5 million increase in average
    interest-earning assets, relative to a $32.4 million increase in average
    interest-bearing liabilities, between the two periods. In addition, the
    average balance of non-interest-bearing deposits increased by $39.7
    million between the two periods.
  oThe Corporation took strategic steps during the quarter to reduce certain
    of its higher rate interest-bearing liabilities. In particular, at the end
    of the third quarter, the Corporation prepaid $7.5 million of subordinated
    debt in addition to a $1.9 million commercial mortgage. These early
    extinguishments of debt generated a prepayment penalty of $188 thousand.
  oNet gain on sale of residential mortgage loans for the three months ended
    September 30, 2012 was $1.8 million as compared to $764 thousand for the
    same period in 2011. The 140.4% increase was attributable to a significant
    increase in residential mortgage loan originations between the periods as
    the low-rate environment continued to spur refinancing activity.
  oDeposits of $1.40 billion as of September 30, 2012 increased $16.2
    million, or 1.2%, from $1.38 billion as of December 31, 2011. Primarily
    contributing to this slight increase was a $100.1 million increase in
    money market accounts, offset by decreases of $27.7 million in wholesale
    non-maturity deposits, $13.6 million in wholesale time deposits and $37.8
    million in time deposits. Non-interest-bearing deposits continue to be
    strong, representing 23.4% of total deposits as of September 30, 2012.
  oTotal portfolio loans and leases of $1.31 billion as of September 30, 2012
    increased by $18.3 million from December 31, 2011. Loan growth was
    primarily concentrated in the commercial mortgage segment of the
    portfolio, partially offset by decreases in the construction and home
    equity segments of the portfolio.
  oNonperforming loans and leases as of September 30, 2012 totaled $13.8
    million, or 1.05% of portfolio loans and leases, as compared to $14.3
    million, or 1.11% of portfolio loans and leases as of December 31, 2011.
    More recently, however, nonperforming loans and leases have declined
    significantly from $22.6 million at March 31, 2012 and $18.3 million at
    June 30, 2012.
  oThe provision for loan and lease losses (the "Provision") for the three
    months ended September 30, 2012 was $1.0 million, a decrease of $828
    thousand as compared to the same period in 2011. The decrease in the
    Provision between periods was primarily due to a $1.0 million reduction in
    net charge-offs for the three months ended September 30, 2012, as compared
    to the same period in 2011.
  oThe allowance for loan and lease losses, as of September 30, 2012, of
    $13.6 million, was 1.04% of portfolio loans and leases, as compared to
    $12.8 million, or 0.98% of portfolio loans and leases as of December 31,
    2011. 
  oAvailable for sale investment securities as of September 30, 2012 totaled
    $316.6 million, as compared to $273.8 million as of December 31, 2011. The
    net gain on sale of available for sale investment securities for the three
    months ended September 30, 2012 was $416 thousand, as compared to a gain
    of $343 thousand for the same period in 2011.
  oThe capital ratios for the Bank and the Corporation, as shown in the table
    below, indicate levels well above the regulatory minimum to be considered
    "well capitalized".
  oConstruction is well underway on our full-service branch in Bala Cynwyd,
    Pennsylvania, just outside Philadelphia. The branch is projected to be
    completed and open for business before the end of the year. The
    Corporation is continuing to look for additional opportunities to expand
    in the state of Delaware in order to complement the Lau Associates and
    Bryn Mawr Trust of Delaware offices and the soon-to-be-acquired First Bank
    of Delaware branch location.

OTHER INFORMATION

Correction of an Immaterial Accounting Error

In September 2012, the Corporation identified an immaterialaccounting error
related to two of its deferred compensation plans. The provisions of the
deferred compensation plans enabled certain executives and directors to have
bonus payments and director fees deferred, and allowed the participants to
direct the investment of these deferred amounts. Because one of the investment
choices offered to the participants was the Corporation's common stock, this
stock was placed in a trust owned by the Corporation whose fair market value
was periodically adjusted to reflect changes in the stock's price. The portion
of this trust that contained the Corporation's common stock was incorrectly
reported as an asset on the Corporation's balance sheet. Changes in the fair
market value of the asset were reflected as increases or decreases in the
value of the asset, as well as increases or decreases in the value of the
liability to the participants. The stock held in the trust should have been
classified as treasury stock and should have been reported in the
stockholders' equity section of the Corporation's balance sheet, at cost. The
resulting corrections involved adjustments to assets and stockholders' equity,
as well as adjustments to other operating expense, as changes in the fair
market value of the Corporation's common stock held in the trust are charged
to deferred compensation expense, a component of other operating expense. All
periods presented in the tables accompanying this earnings release have been
revised to reflect this correction. In addition, a reconciliation of net
income, basic and diluted earnings per common share, total assets, retained
earnings, and number ofshares and cost of treasury stock, indicating their
originally reported amounts and their corrected amounts, is included in the
tablebelow.

EARNINGS CONFERENCE CALL

The Corporation will hold an earnings conference call at 8:30 a.m. EDT on
Friday, October 26, 2012.Interested parties may participate by calling
1-877-317-6789, conference number 10018204.A taped replay of the conference
call will be available within one hour after the conclusion of the call and
will remain available through November 12, 2012.The number to call for the
taped replay is 1-877-344-7529 and the Replay Passcode is 10018204.

The conference call will be simultaneously broadcast live over the Internet
through a webcast on the investor relations portion of the Bryn Mawr Bank
Corporation's website. To access the call, please visit the website at
http://www.bmtc.com/investor_01.cfm. An online archive of the webcast will
be available within one hour of the conclusion of the call.The Corporation
has also recently expanded its Investor Relations website to include added
resources and information for shareholders and interested
investors.Interested parties are encouraged to utilize the expanded resources
of the site for more information on Bryn Mawr Bank Corporation or by calling
Aaron Strenkoski, Vice President – Finance/Investor Relations at
610-581-4822.

FORWARD LOOKING STATEMENTS AND SAFE HARBOR

This press release contains statements which, to the extent that they are not
recitations of historical fact may constitute forward-looking statements for
purposes of the Securities Act of 1933, as amended, and the Securities
Exchange Act of 1934, as amended. Such forward-looking statements may include
financial and other projections as well as statements regarding the
Corporation's future plans, objectives, performance, revenues, growth,
profits, operating expenses or the Corporation's underlying assumptions. The
words "may," "would," "should," "could," "will," "likely," "possibly,"
"expect," "anticipate," "intend," "estimate," "target," "potentially,"
"probably," "outlook," "predict," "contemplate," "continue," "plan,"
"forecast," "project," "are optimistic," "are looking," "are looking forward"
and "believe" or other similar words and phrases may identify forward-looking
statements. Persons reading this press release are cautioned that such
statements are only predictions, and that the Corporation's actual future
results or performance may be materially different.

Such forward-looking statements involve known and unknown risks and
uncertainties. A number of factors, many of which are beyond the
Corporation's control, could cause our actual results, events or developments,
or industry results, to be materially different from any future results,
events or developments expressed, implied or anticipated by such
forward-looking statements, and so our business and financial condition and
results of operations could be materially and adversely affected. Such factors
include, among others, our need for capital, our ability to control operating
costs and expenses, and to manage loan and lease delinquency rates; the credit
risks of lending activities and overall quality of the composition of our
loan, lease and securities portfolio; the impact of economic conditions,
consumer and business spending habits, and real estate market conditions on
our business and in our market area; changes in the levels of general interest
rates, deposit interest rates, or net interest margin and funding sources;
changes in banking regulations and policies and the possibility that any
banking agency approvals we might require for certain activities will not be
obtained in a timely manner or at all or will be conditioned in a manner that
would impair our ability to implement our business plans; changes in
accounting policies and practices; the inability of key third-party providers
to perform their obligations to us; our ability to attract and retain key
personnel; competition in our marketplace; war or terrorist activities;
material differences in the actual financial results, cost savings and revenue
enhancements associated with our acquisitions including our acquisition of
Davidson Trust Company and the anticipated acquisition of First Bank of
Delaware; and other factors as described in our securities filings.All
forward-looking statements and information set forth herein are based on
management's current beliefs and assumptions as of the date hereof and speak
only as of the date they are made.The Corporation does not undertake to
update forward-looking statements.

For a more complete discussion of the assumptions, risks and uncertainties
related to our business, you are encouraged to review our filings with the
Securities and Exchange Commission, including our most recent annual report on
Form 10-K, as well as any changes in risk factors that we may identify in our
quarterly or other reports filed with the SEC.


Bryn Mawr Bank Corporation
Consolidated Statements of Income - (unaudited)
(Dollars in thousands, except per share data)
                                                              
                                                              
                  For The Three Months Ended
                                                              
                  Sep 30,     Jun 30,     Mar 31,     Dec 31,     Sept 30,
                  2012        2012        2012        2011        2011
                                                              
Interest income    $18,081   $18,188   $18,372   $18,727   $18,691
Interest expense   2,130      2,285      2,387      2,772      3,018
                                                              
                                                              
Net interest       15,951     15,903     15,985     15,955     15,673
income
Provision for loan 1,000      1,003      1,000      1,056      1,828
and lease losses
Net interest
income after       14,951     14,900     14,985     14,899     13,845
provision for loan
and lease losses
                                                              
Fees for wealth
management         7,993      7,211      6,229      6,306      6,098
services
Loan servicing and 432        436        435        454        449
other fees
Service charges on 634        609        580        654        646
deposits
Net gain on sale
of residential     1,837      1,304      1,170      699        764
mortgage loans
Net gain on sale
of available for   416        716        --         373        343
sale investments
Net (loss) gain on
sale of other real (45)       --         (41)       (38)       70
estate owned
("OREO")
BOLI income        107        105        118        114        115
Other operating    874        1,000      1,096      909        779
income
Non-interest      12,248     11,381     9,587      9,471      9,264
income
                                                              
Salaries and       8,703      8,075      7,505      7,404      7,639
wages
Employee benefits 1,903      2,023      2,160      1,889      1,674
Occupancy and bank 1,488      1,395      1,375      1,424      1,225
premises
Furniture fixtures 935        940        891        938        865
and equipment
Advertising        267        359        320        257        204
Net impairment
(recovery) of      105        87         (110)      114        468
mortgage servicing
rights
Amortization of
mortgage servicing 243        256        219        225        197
rights
Intangible asset   669        560        509        522        541
amortization
FDIC insurance     262        234        219        218        238
Merger related /
due diligence      316        914        209        (79)       135
expense
Professional fees  609        571        657        647        516
Other operating    3,389      2,714      2,841      3,180      1,970
expenses
Non-interest      18,889     18,128     16,795     16,739     15,672
expense
                                                              
Income before      8,310      8,153      7,777      7,631      7,437
income taxes
Income tax         2,885      2,808      2,704      2,627      2,207
expense
Net income       $5,425    $5,345    $5,073    $5,004    $5,230
                                                              
Per share data:                                                
Weighted average   13,149,050 13,072,963 12,979,746 12,901,266 12,861,926
shares outstanding
Dilutive common    146,377    158,570    147,502    99,964     36,306
shares
Adjusted weighted
average dilutive   13,295,427 13,231,533 13,127,248 13,001,230 12,898,232
shares
                                                              
Basic earnings per $0.41       $0.41       $0.39       $0.39       $0.41
common share
                                                              
Diluted earnings   $0.41       $0.40       $0.39       $0.38       $0.41
per common share
                                                              
Dividend declared  $0.16       $0.16       $0.16       $0.15       $0.15
per share
                                                              
Effective tax rate 34.7%       34.4%       34.8%       34.4%       29.7%



Bryn Mawr Bank Corporation
Consolidated Statements of Income - (unaudited)
(Dollars in thousands, except per share data)
                                                                
                                                                
                                                    For The Nine Months Ended
                                                                
                                                    Sep 30,      Sep 30,
                                                    2012         2011
                                                                
Interest income                                      $54,641    $55,836
Interest expense                                     6,802       8,889
                                                                
Net interest income                                  47,839      46,947
Provision for loan and lease losses                  3,003       5,032
Net interest income after provision for loan and     44,836      41,915
lease losses
                                                                
Fees for wealth management services                 21,433      15,363
Loan servicing and other fees                        1,303       1,370
Service charges on deposits                          1,823       1,841
Net gain on sale of residential mortgage loans       4,311       1,818
Net gain on sale of available for sale investments   1,132       1,410
BOLI income                                          330         348
Net loss on sale of other real estate owned ("OREO") (86)        (59)
Other operating income                               2,970       2,497
Non-interest income                                 33,216      24,588
                                                                
Salaries and wages                                  24,283      20,680
Employee benefits                                   6,086       5,000
Occupancy and bank premises                          4,258       3,752
Furniture fixtures and equipment                     2,766       2,571
Advertising                                          946         909
Net impairment of mortgage servicing rights          82          672
Amortization of mortgage servicing rights            718         524
Intangible asset amortization                       1,738       968
FDIC insurance                                       715         968
Merger expense                                       1,410       457
Due diligence                                        29          159
Merger related / due diligence expense               1,439       616
Professional fees                                    1,837       1,664
Other operating expenses                             8,944       6,666
Non-interest expense                                53,812      44,990
                                                                
Income before income taxes                           24,240      21,513
Income tax expense                                   8,397       6,915
Net income                                          $15,843    $14,598
                                                                
Per share data:                                                  
Weighted average shares outstanding                  13,067,551  12,578,460
Dilutive common shares                               133,799     22,512
Adjusted weighted average shares                    13,201,350  12,600,972
                                                                
Basic earnings per common share                      $1.21        $1.16
                                                                
Diluted earnings per common share                    $1.20        $1.16
                                                                
Dividend declared per share                          $0.48        $0.45
                                                                
Effective tax rate                                   34.6%        32.1%


Bryn Mawr Bank Corporation
Consolidated Balance Sheets - (unaudited)
(Dollars in thousands)
                                                                 
                                                                 
                 Sep 30,      June 30,     Mar 31,      Dec 31,      Sept 30,
                 2012         2012         2012         2011         2011
Assets                                                            
                                                                 
Interest bearing
deposits with     $23,455    $68,133    $55,548    $57,265    $52,205
banks
Money market     104         191         211         104         106
funds
Investment
securities -      316,644     331,407     328,215     273,822     277,187
available for
sale
Investment
securities -      1,399       1,342       1,556       1,436       1,318
trading
                                                                 
Loans held for   3,420       1,668       5,784       1,588       4,857
sale
                                                                 
Portfolio loans:                                                 
Consumer         17,342      15,920      13,644      11,429      12,235
Commercial &     274,351     264,116     270,766     267,204     271,228
industrial
Commercial       472,354     445,254     430,896     419,130     414,656
mortgages
Construction    22,161      33,815      51,274      52,844      59,303
Residential      301,054     304,249     306,911     306,478     279,696
mortgages
Home equity      195,315     202,676     202,015     207,917     209,687
lines & loans
Leases           31,136      30,549      28,974      30,390      31,552
Total portfolio   1,313,713   1,296,579   1,304,480   1,295,392   1,278,357
loans and leases
                                                                 
Earning assets    1,658,735   1,699,320   1,695,794   1,629,607   1,614,030
                                                                 
Cash and due     13,526      13,147      11,939      11,771      10,801
from banks
Allowance for
loan and lease    (13,638)    (13,140)    (13,040)    (12,753)    (11,654)
losses
Premises and     29,238      28,911      28,680      29,328      29,615
equipment
Accrued interest 5,963       6,009       6,037       6,061       6,075
receivable
Mortgage         4,257       4,220       4,217       4,041       4,206
servicing rights
Goodwill         29,588      29,752      24,689      24,689      23,169
Other intangible 22,351      22,855      17,504      18,014      18,536
assets
Bank owned life
insurance         19,765      19,658      19,552      19,434      19,321
("BOLI")
FHLB stock       10,717      10,746      11,009      11,588      12,198
Net Deferred     11,478      11,432      12,991      13,845      13,874
income tax asset
Other            4,438       4,424       4,095       4,107       3,524
investments
Other assets     18,111      16,021      12,944      13,641      12,075
                                                                 
Total assets      $1,814,529 $1,853,355 $1,836,411 $1,773,373 $1,755,770
                                                                 
Liabilities and
shareholders'                                                     
equity
                                                                 
Interest-bearing $226,206   $237,126   $235,841   $233,562   $224,609
checking
Money market     493,829     468,314     418,503     393,729     384,463
Savings          132,402     133,204     135,912     130,613     130,910
Wholesale
non-maturity      37,458      35,365      66,518      65,173      65,428
deposits
Wholesale time   9,942       22,505      22,062      23,550      28,992
deposits
Time deposits   171,498     193,081     212,003     209,333     224,331
Interest-bearing  1,071,335   1,089,595   1,090,839   1,055,960   1,058,733
deposits
                                                                 
Non-interest     327,214     336,972     334,918     326,409     292,415
bearing deposits
Total deposits    1,398,549   1,426,567   1,425,757   1,382,369   1,351,148
                                                                 
Subordinated     15,000      22,500      22,500      22,500      22,500
debentures
Junior
subordinated      --          --          --          --          11,992
debentures
Short-term       11,629      14,675      13,254      12,863      22,535
borrowings
FHLB advances
and other         162,816     169,589     164,697     147,795     140,532
borrowings
Other            25,280      23,956      20,538      23,466      21,278
liabilities
Shareholders'    201,255     196,068     189,665     184,380     185,785
equity
                                                                 
Total liabilities
and shareholders' $1,814,529 $1,853,355 $1,836,411 $1,773,373 $1,755,770
equity
                                                                 
                                                                 
Bryn Mawr Bank                                                    
Corporation
Consolidated Quarterly Average                                     
Balance Sheets - (unaudited)
(Dollars in                                                       
thousands)
                                                                 
                 2012         2012         2012         2011         2011
                 3Q           2Q           1Q           4Q           3Q
Assets                                                            
                                                                 
Interest bearing
deposits with     $53,576    $57,542    $38,337    $56,570    $57,855
banks
Money market     191         192         219         109         108
funds
Investment
securities -      328,051     321,420     304,215     279,405     283,254
available for
sale
Investment
securities -      1,343       1,546       1,437       1,319       1,338
trading
Loans held for   2,972       3,810       3,935       3,888       6,060
sale
Portfolio loans  1,300,811   1,290,209   1,295,617   1,282,916   1,253,804
and leases
Earning assets    1,686,944   1,674,719   1,643,760   1,624,207   1,602,419
                                                                 
Cash and due     12,922      12,259      11,539      11,516      11,905
from banks
Allowance for
loan and lease    (13,337)    (13,383)    (13,089)    (12,110)    (11,790)
losses
Premises and     29,077      28,866      29,095      29,586      29,706
equipment
Goodwill         29,751      26,201      24,688      23,186      23,169
Other intangible 22,580      21,427      17,804      18,319      18,860
assets
Bank owned life  19,695      19,589      19,480      19,359      19,246
insurance
Deferred income  11,179      12,212      13,637      13,972      13,404
taxes
Other assets     33,992      34,651      36,735      35,665      35,501
                                                                 
Total assets      $1,832,803 $1,816,541 $1,783,649 $1,763,700 $1,742,420
                                                                 
Liabilities and
shareholders'                                                     
equity
                                                                 
Interest-bearing $229,853   $236,131   $227,817   $224,648   $225,569
checking
Money market     486,798     436,717     406,972     394,150     367,276
Savings          133,315     133,105     132,451     132,617     131,421
Wholesale
non-maturity      35,956      47,463      65,117      65,127      65,177
deposits
Wholesale time   13,809      22,280      22,354      27,749      29,187
deposits
Time deposits    178,711     203,344     210,973     214,684     234,645
Interest-bearing  1,078,442   1,079,040   1,065,684   1,058,975   1,053,275
deposits
                                                                 
Non-interest     330,179     323,539     305,468     304,883     290,468
bearing deposits
Total deposits    1,408,621   1,402,579   1,371,152   1,363,858   1,343,743
                                                                 
Subordinated      21,114      22,500      22,500      22,500      22,500
debentures
Junior
subordinated      --          --          --          10,294      12,000
debentures
Short-term        13,273      13,149      13,885      15,147      10,908
borrowings
FHLB advances and 167,251     163,908     165,402     140,177     148,963
other borrowings
Other liabilities 25,100      23,158      25,259      24,991      21,482
Shareholders'     197,444     191,247     185,451     186,733     182,824
equity
                                                                 
Total liabilities
and shareholders' $1,832,803 $1,816,541 $1,783,649 $1,763,700 $1,742,420
equity

                                                         
Bryn Mawr Bank Corporation                                
Consolidated Average Balance Sheets - (unaudited)         
(Dollars in thousands)                                    
                                                         
                                                         
                                                         
                                           2012           2011
                                           Year-to-Date Year-to-Date
Assets                                                    
                                                         
Interest bearing deposits with banks       $49,832      $50,778
Money market funds                         201           167
Investment securities - available for sale 317,932       296,524
Investment securities - trading            1,442         1,345
Loans held for sale                        3,435         4,299
Portfolio loans and leases                 1,295,700     1,233,393
Earning assets                              1,668,542     1,586,506
                                                         
Cash and due from banks                    12,242        12,249
Allowance for loan and lease losses        (13,270)      (11,157)
Premises and equipment                     29,013        29,389
Goodwill                                   26,890        20,211
Intangible assets                          20,611        12,554
Bank owned life insurance                  19,588        19,130
FHLB stock                                 10,824        12,851
Deferred tax asset                         12,339        14,133
Other assets                               24,298        25,013
                                                         
Total assets                                $1,811,077   $1,720,879
                                                         
Liabilities and shareholders' equity                      
                                                         
Interest-bearing checking                  $231,262     $227,566
Money market                               443,654       353,965
Savings                                    132,958       131,692
Wholesale non-maturity deposits            49,462        68,691
Wholesale time deposits                    19,460        31,333
Time deposits                              197,607       237,948
Interest-bearing deposits                   1,074,403     1,051,195
                                                         
Non-interest bearing deposits              319,767       281,714
Total deposits                              1,394,170     1,332,909
                                                         
Subordinated debentures                    22,035        22,500
FHLB advances and other borrowings         165,717       147,189
Junior subordinated debentures             --            12,012
Short-term borrowings                      13,244        10,110
Other liabilities                          24,508        23,095
Shareholders' equity                       191,403       173,064
                                                         
Total liabilities and shareholders' equity  $1,811,077   $1,720,879

                                                                                                                    
Bryn Mawr Bank Corporation                                                                                           
Consolidated Selected Financial Data - (unaudited)                                                                   
(Dollars in thousands, except per share data )                                                                      
September 30, 2012                                                                                                   
                                                                                                                                         
                                                                                                                                         
For the period end:      2012         2012         2012           2011         2011                                                           
                         3Q           2Q           1Q             4Q           3Q                                                             
Asset Quality Data                                                                                                                        
                                                                                                                                         
Nonaccrual loans and      $13,816    $14,929    $22,570      $14,315    $14,208                                                      
leases
90 + days past due loans  --          3,376       --            --          --                                                            
- still accruing
Nonperforming loans and   13,816      18,305      22,570        14,315      14,208                                                        
leases
Other real estate owned  412         865         404           549         1,301                                                         
Total nonperforming       $14,228    $19,170    $22,974      $14,864    $15,509                                                      
assets
                                                                                                                                         
Troubled debt
restructurings included   $3,740     $4,005     $4,223       $4,300     $901                                                         
in nonperforming
Troubled debt
restructurings in         8,379       8,302       7,970         7,166       7,182                                                         
compliance with modified
terms
Total troubled debt       $12,119    $12,307    $12,193      $11,466    $8,083                                                       
restructurings
                                                                                                                                         
Nonperforming loans and   1.05%        1.41%        1.73%          1.11%        1.11%                                                          
leases / portfolio loans
Nonperforming assets /    0.78%        1.03%        1.25%          0.84%        0.88%                                                          
assets
                                                                                                                                         
Net loan charge-offs
(recoveries)(annualized) 0.16%        0.26%        0.21%          -0.02%       0.49%                                                          
/ average loans
Net lease (recoveries)
charge-offs (annualized)  -0.23%       0.94%        0.67%          0.22%        0.37%                                                          
/ average leases
Net loan and lease
charge-offs (recoveries)  0.16%        0.28%        0.23%          -0.01%       0.49%                                                          
(annualized) / average
loans and leases
                                                                                                                                         
Delinquency rate - loans  1.01%        1.36%        1.52%          1.37%        1.33%                                                          
and leases >30days
                                                                                                                                         
Delinquent loans and      $1,954     $2,722     $5,468       $5,311     $4,480                                                       
leases - 30-89 days
                                                                                                                                         
Delinquency rate - loans  0.15%        0.21%        0.28%          0.29%        0.35%                                                          
and leases 30-89 days
                                                                                                                                         
Changes in the allowance                                                                                                                  
for loan and lease losses
                                                                                                                                         
Balance, beginning of     $13,140    $13,040    $12,753      $11,654    $11,341                                                      
period
                                                                                                                                         
Charge-offs               (618)       (960)       (839)         (466)       (1,817)                                                       
                                                                                                                                         
Recoveries                116         57          126           509         302                                                           
                                                                                                                                         
Net (charge-offs) /       (502)       (903)       (713)         43          (1,515)                                                       
recoveries
                                                                                                                                         
Provision for loan and    1,000       1,003       1,000         1,056       1,828                                                         
lease losses
                                                                                                                                         
Balance, end of period    $13,638    $13,140    $13,040      $12,753    $11,654                                                      
                                                                                                                                         
Allowance for loan and
lease losses / loans and  1.04%        1.01%        1.00%          0.98%        0.91%                                                          
leases
Allowance for loan and
lease losses /            98.7%        71.8%        57.8%          89.1%        82.0%                                                          
nonperforming loans and
leases
                                                                                                                                         
Bryn Mawr Bank Corporation                                                                                           
Consolidated Selected Financial Data - (unaudited)                                                                   
(Dollars in thousands, except per share data )                                                                      
September, 2012                                                                                                      
                                                                                                                                         
                                                                                                                                         
For the period and period 2012         2012         2012           2011         2011                                                           
end:
                         3Q           2Q           1Q             4Q           3Q                                                             
Selected ratios                                                                                                                           
(annualized):
                                                                                                                                         
Return on average assets  1.18%        1.18%        1.14%          1.13%        1.14%                                                          
Return on average         10.93%       11.24%       11.00%         10.63%       11.35%                                                         
shareholders' equity
Return on average
tangible equity (a        14.87%       14.97%       14.27%         13.67%       14.74%                                                         
non-GAAP measure) ^(2)
Yield on loans and        5.21%        5.31%        5.33%          5.45%        5.52%                                                          
leases*
Yield on interest earning 4.28%        4.39%        4.51%          4.59%        4.64%                                                          
assets*
Cost of interest bearing  0.66%        0.72%        0.76%          0.88%        0.96%                                                          
funds
Net interest margin*      3.78%        3.84%        3.93%          3.91%        3.90%                                                          
Book value per share      $15.02     $14.73     $14.40       $14.07     $14.29                                                       
Tangible book value per   $11.14     $10.77     $11.20       $10.78     $11.08                                                       
share
Period end shares         13,399,635  13,316,469  13,168,555    13,106,353  12,999,712                                                    
outstanding
                                                                                                                                         
Selected data:                                                                                                                           
                                                                                                                                         
Mortgage loans originated $64,455    $51,427    $55,385      $60,467    $38,998                                                      
                                                                                                                                         
Mortgage loans sold -     $54,992    $41,986    $32,778      $20,883    $26,090                                                      
servicing retained
Mortgage loans sold -     --          2,238       1,223         1,164       1,922                                                         
servicing released
Total mortgage loans sold $54,992    $44,224    $34,001      $22,047    $28,012                                                      
                                                                                                                                         
Yield on loans sold       3.34%        2.95%        3.44%          3.17%        2.73%                                                          
                                                                                                                                         
Mortgage loans serviced   $583,859   $575,533   $571,440     $574,422   $593,125                                                     
for others
                                                                                                                                         
Total Wealth assets under
management /
administration /          $6,482,835 $6,275,940 $5,152,965   $4,831,631 $4,501,433                                                   
supervision / brokerage
^(1)
                                                                                                                                         
* Yield on loans and leases, interest earning assets and net interest margin are calculated                         
on a tax equivalent basis.
^(1) Brokerage Assets represent assets held at a registered broker dealer under a networking                        
agreement.
^(2) Tangible equity equals shareholders' equity minus goodwill and other intangible assets.                       
                                                                                                                                         
Bryn Mawr Bank Corporation                                                                                           
Consolidated Selected Financial Data - (unaudited)                                                                   
(Dollars in thousands, except per share data )                                                                      
September, 2012                                                                                                      
                                                                                                                                         
                                                 2012                       2011                                                           
                                                 Year-to-date             Year-to-date                                                 
Selected ratios                                                                                                                           
(annualized):
                                                                                                                                         
Return on average assets                          1.17%                      1.13%                                                          
Return on average                                 11.06%                     11.28%                                                         
shareholders' equity
Return on average
tangible equity (a                                14.71%                     13.91%                                                         
non-GAAP measure) ^(2)
Yield on loans and                                5.29%                      5.60%                                                          
leases*
Yield on interest earning                         4.40%                      4.74%                                                          
assets*
Cost of interest bearing                          0.71%                      0.96%                                                          
funds
Net interest margin*                              3.85%                      3.99%                                                          
                                                                                                                                         
Selected data:                                                                                                                           
                                                                                                                                         
Mortgage loans originated                         $171,267                 $108,214                                                     
                                                                                                                                         
Mortgage loans sold -                             $129,756                 $54,349                                                      
servicing retained
Mortgage loans sold -                             3,461                     5,066                                                         
servicing released
Total mortgage loans sold                         $133,217                 $59,415                                                      
                                                                                                                                         
* Yield on loans and leases, interest earning assets and net interest margin are calculated                         
on a tax equivalent basis.
^(2) Tangible equity equals shareholders' equity minus goodwill and other intangible assets.                       
                                                                                                                                         
                                                                                                                                         
                                                                                                                                         
                                                                                                                                         
Investment Portfolio-    As of September 30, 2012                             As of December 31, 2011              As of Sept, 2011
AFS
($'s in thousands)                                                                                                                        
                                                 Net                                                Net                                    Net
                         Amortized    Fair         Unrealized                 Amortized      Fair       Unrealized         Amortized  Fair       Unrealized
SECURITY DESCRIPTION      Cost         Value        Gain / (Loss)              Cost           Value      Gain /             Cost       Value      Gain /
                                                                                                          (Loss)                                           (Loss)
                                                                                                                                         
Obligations of U. S.     $83,472    $84,354    $ 882                     $104,252     $104,570 $318             $114,072 $114,509 $ 437
government and agencies
State & political        19,240      19,445      205                       8,210         8,366     156               3,428     3,467     39
subdivisions
Mortgage backed          125,573     129,411     3,838                     95,713        97,834    2,121             104,783   107,097   2,314
securities
Collateralized mortgage  65,168      65,621      453                       32,418        32,623    205               21,695    21,920    225
obligations
Equity securities        --          --          --                        --            --        --                243       284       41
Other debt securities    1,900       1,900       --                        1,900         1,882     (18)              1,400     1,400     --
Bond - mutual funds      11,456      11,504      48                        12,091        11,904    (187)             11,940    11,860    (80)
Investment CD's          2,365       2,382       17                        2,411         2,420     9                 2,425     2,430     5
Other investments        1,798       2,027       229                       1,454         1,505     51                1,463     1,458     (5)
Corporate bonds          --          --          --                        12,616        12,718    102               12,664    12,762    98
Total Investment          $310,972   $316,644   $5,672                   $271,065     $273,822 $2,757           $274,113 $277,187 $3,074
Portfolio
                                                                                                                                         
Capital Ratios                                                                                                                            
                         Regulatory                                                                                                       
                          Minimum
Bryn Mawr Trust Company   To Be                                                                                                            
Consolidated
                         Well         9/30/2012    6/30/2012      3/31/2012    12/31/2011     9/30/2011                                        
                          Capitalized
                                                                                                                                         
Tier I Capital to Risk    6.00%        11.99%       11.75%         12.17%       11.76%         11.31%                                           
Weighted Assets (RWA)
Total (Tier II) Capital   10.00%       14.09%       14.36%         14.78%       14.35%         13.81%                                           
to RWA
Tier I Leverage Ratio     5.00%        9.23%        9.14%          9.56%        9.35%          9.14%                                            
Tangible Equity Ratio                 8.85%        8.41%          8.70%        8.66%          8.78%                                            
                                                                                                                                         
Bryn Mawr Bank                                                                                                                            
Corporation
                                                                                                                                         
Tier I Capital to Risk    6.00%        11.64%       11.30%         11.52%       11.16%         11.62%                                           
Weighted Assets (RWA)
Total (Tier II) Capital   10.00%       13.74%       13.90%         14.23%       13.74%         14.11%                                           
to RWA
Tier I Leverage Ratio     5.00%        8.98%        8.80%          9.07%        8.89%          9.40%                                            
Tangible Equity Ratio                 8.58%        8.07%          8.22%        8.19%          8.41%                                            

                                                                                                                                                                
Bryn Mawr Bank Corporation
Quarterly Average Balances and Tax Equivalent Income and Expense and Tax Equivalent Yields - (unaudited)
                                                                                                                                                                
                                                                                                                                                                
                   3rd Quarter 2012                  2nd Quarter 2012                  1st Quarter 2012              4th Quarter 2011              3rd Quarter 2011
                                 Interest  Average                 Interest  Average                  Interest  Average              Interest  Average              Interest  Average
(dollars in         Average      Income/   Rates     Average      Income/   Rates      Average      Income/   Rates   Average      Income/   Rates   Average      Income/   Rates
thousands)          Balance      Expense   Earned/Paid Balance      Expense   Earned/Paid Balance      Expense   Earned/ Balance      Expense   Earned/ Balance      Expense   Earned/
                                                                                                                 Paid                           Paid                           Paid
                                                                                                                                                                
Assets:                                                                                                                                                          
Interest-bearing
deposits with other $53,576    $34     0.25%       $57,542    $30     0.21%       $38,337    $23     0.24%   $56,570    $27     0.19%   $57,855    $29     0.20%
banks
Money market funds  191          --       --         192          --       --          219          --       --      109          --       --      108          --       --
Investment
securities                                                                                                                                                       
available for sale:
Taxable            309,570      960       1.23%       307,371      1,067     1.40%       294,593      1,136     1.55%   272,869      1,055     1.53%   279,321      1,171     1.66%
Tax-exempt         18,481       82        1.77%       14,049       66        1.89%       9,622        53        2.22%   6,536        31        1.88%   3,933        18        1.82%
Investment
securities          328,051      1,042     1.26%       321,420      1,133                304,215      1,189     1.57%   279,405      1,086     1.54%   283,254      1,189     1.67%
available for sale
                                                                                                                                                                
Investment
securities-        1,343        5         1.48%       1,546        12        1.42%       1,437        4         1.12%   1,319        8         2.41%   1,338        8         2.37%
trading
                                                                                                                                                                
Loans and leases *  1,303,783    17,089    5.21%       1,294,019    17,094    5.31%       1,299,552    17,234    5.33%   1,286,804    17,672    5.45%   1,259,864    17,529    5.52%
                                                                                                                                                                
Total interest     1,686,944    18,170    4.28%       1,674,719    18,269    4.39%       1,643,760    18,450    4.51%   1,624,207    18,793    4.59%   1,602,419    18,755    4.64%
earning assets
                                                                                                                                                                
Cash and due from   12,922                           12,259                           11,539                       11,516                       11,905                
banks
Less allowance for
loan and lease      (13,337)                         (13,383)                         (13,089)                     (12,110)                     (11,790)              
losses
Other assets       146,274                          142,946                          141,439                      140,087                      139,886               
                                                                                                                                                                
Total assets       $1,832,803                     $1,816,541                     $1,783,649                 $1,763,700                 $1,742,420          
                                                                                                                                                                
Liabilities:                                                                                                                                                     
                                                                                                                                                                
Savings, NOW and
market rate         $849,966   $567    0.27%       $805,953   $586    0.29%       $767,240   $559    0.29%   $751,415   $711    0.38%   $724,266   $772    0.42%
deposits
Other wholesale     35,956       34        0.38%       47,463       43        0.36%       65,117       53        0.33%   65,127       50        0.30%   65,177       51        0.31%
deposits
Wholesale deposits  13,809       21        0.60%       22,280       24        0.43%       22,354       24        0.43%   27,749       73        1.04%   29,187       86        1.17%
Time deposits      178,711      316       0.70%       203,344      412       0.81%       210,973      490       0.93%   214,684      520       0.96%   234,645      585       0.99%
Total
interest-bearing    1,078,442    938       0.35%       1,079,040    1,065     0.40%       1,065,684    1,126     0.42%   1,058,975    1,354     0.51%   1,053,275    1,494     0.56%
deposits
                                                                                                                                                                
Subordinated        21,114       271       5.11%       22,500       291       5.20%       22,500       291       5.20%   22,500       287       5.06%   22,500       279       4.92%
debentures
Junior subordinated --           --        ---         --         --      --          --         --      --      10,294       236       9.10%   12,000       271       8.96%
debentures
Short-term          13,273       4         0.12%       13,149       5         0.15%       13,885       6         0.17%   15,147       6         0.16%   10,908       6         0.22%
borrowings
FHLB advances and   167,251      918       2.18%       163,908      924       2.27%       165,402      964       2.34%   140,177      889       2.52%   148,963      968       2.58%
other borrowings
Total Borrowings   201,638      1,193     2.35%       199,557      1,220     2.46%       201,787      1,261     2.51%   188,118      1,418     2.99%   194,371      1,524     3.11%
                                                                                                                                                                
Total
interest-bearing    1,280,080    2,131     0.66%       1,278,597    2,285     0.72%       1,267,471    2,387     0.76%   1,247,093    2,772     0.88%   1,247,646    3,018     0.96%
liabilities
                                                                                                                                                                
Noninterest-bearing 330,179                          323,539                          305,468                      304,883                      290,468               
deposits
Other liabilities   25, 259                          23,158                           25,259                       24,991                       21,482                
Total
noninterest-bearing 355,279                          346,697                          330,727                      329,874                      311,950               
liabilities
                                                                                                                                                                
Total liabilities  1,635,359                        1,625,294                        1,598,198                    1,576,967                    1,559,596             
                                                                                                                                                                
Shareholders'       197,444                          191,247                          185,451                      186,733                      182,824               
equity
                                                                                                                                                                
Total liabilities
and shareholders'   $1,832,803                     $1,816,541                     $1,783,649                 $1,763,700                 $1,742,420          
equity
                                                                                                                                                                
Interest income to                       4.28%                            4.39%                            4.51%                        4.59%                        4.64%
earning assets
                                                                                                                                                                
Net interest spread                      3.62%                            3.67%                            3.75%                        3.71%                        3.68%
Effect of
noninterest-bearing                      0.16%                            0.17%                            0.18%                        0.20%                        0.22%
sources
                                                                                                                                                                
Net interest income/ margin on   $16,039 3.78%                   $15,984 3.84%                   $16,063 3.93%               $16,021 3.91%               $15,737 3.90%
earning assets
                                                                                                                                                                
Tax equivalent                  $88     0.02%                   $81     0.02%                   $79     0.02%               $66     0.02%               $64     0.02%
adjustment
                                                                                                                                                                
* Average loans and leases include portfolio loans and leases, and loans held for sale. Non-accrual loans are also                                                        
included in the average loan and leases balances.


Bryn Mawr Bank Corporation
Average Balances and Tax Equivalent Income and Expense and Tax Equivalent Yields
For the Nine Months ended September 30,
                                                                   
                   2012                          2011                
                                        Average                     Average
                               Interest Rates            Interest Rates
                   Average     Income/  Earned/ Average    Income/  Earned/
(dollars in         Balance      Expense  Paid     Balance   Expense  Paid
thousands)
                                                                   
Assets:                                                             
Interest-bearing
deposits with other $49,832    86       0.23%    $50,778  $88     0.23%
banks
Federal funds sold  --         --       --      --       --       --%
Money market funds  201         --       %       167        1         0.80%
Investment
securities                                                          
available for sale:
Taxable            303,865     3,166    1.39%    283,354    3,824     1.80%
Tax-exempt         14,067      224      2.13%    11,486     287       3.34%
                                                                   
Investment
securities -        317,932     3,390    1.42%    294,840    4,111     1.86%
available for sale
                                                                   
Investment
securities -        1,442       21       1.95%    1,345      24        2.39%
trading
                                                                   
Loans and leases *  1,299,135   51,473   5.29%    1,237,692  51,882    5.60%
                                                                   
Total interest     1,668,542   54,949   4.40%    1,583,477  56,106    4.74%
earning assets
                                                                   
Cash and due from   12,242                       12,249              
banks
Less allowance for
loan and lease      (13,270)                     (11,157)            
losses
Other assets       143,563                      137,793             
                                                                   
Total assets       $1,811,077                    $1,722,362          
                                                                   
Liabilities:                                                        
                                                                   
Savings,NOW and
market rate         $807,874     $1,712  0.28%    $713,223   $2,247  0.42%
deposits
Other wholesale     49,463      131      0.35%    68,691    174      0.34%
deposits
Wholesale deposits  19,459      68       0.47%    31,333    248      1.06%
Time deposits       197,607     1,217    0.82%    237,948    1,765     0.99%
Total
interest-bearing    1,074,403   3,128    0.39%    1,051,195  4,434     0.56%
deposits
                                                                   
Subordinated debt   22,035      852      5.16%    22,500     835       4.96%
Junior subordinated --          --       --      12,012     814       9.06%
debentures
Short-term          13,244      14       0.14%    10,110     19        0.25%
borrowings
FHLB advances and   165,717     2,808    2.26%    147,189    2,787     2.53%
other borrowings
Total Borrowings   200,996     3,674    2.44%    191,811   4,455    3.11%
                                                                   
Total
interest-bearing    1,275,399   6,802    0.71%    1,243,006  8,889     0.96%
liabilities
                                                                   
                                                                   
Noninterest-bearing 319,767                      281,714             
deposits
Other liabilities  24,508                       23,095              
Total
noninterest-bearing 344,275                      304,809             
liabilities
                                                                   
Total liabilities 1,619,674                    1,547,815           
                                                                   
Shareholders'       191,403                      174,547             
equity
                                                                   
Total liabilities
and shareholders'   $1,811,077                  $1,722,362          
equity
                                                                   
Interest income to                       4.40%                       4.74%
earning assets
                                                                   
Net interest spread                      3.69%                       3.78%
Effect of
noninterest-bearing                      0.16%                       0.21%
sources
                                                                   
Net interest
income/ margin on               $48,147 3.85%              $47,217 3.99%
earning assets
                                                                   
Tax equivalent                  $307    0.02%              $270    0.02%
adjustment
                                                                   
* Average loans and leases include portfolio loans and leases, and loans held for
sale. Non-accrual loans are also included in the
average loan and leases balances.


Effect of Immaterial Correction of Accounting Error
                                                                                                                                      
Income Statement Effect
(dollars in thousands except share data)                                                                                                         
        For The Three Months Ended June 30,  For The Three Months Ended March 31, For The Three Months Ended December  For The Three Months Ended September
         2012                                 2012                                 31, 2011                             30, 2011
        Originally   Corrected    Difference Originally   Corrected    Difference Originally   Corrected    Difference Originally   Corrected    Difference
         Reported                             Reported                             Reported                             Reported
                                                                                                                                      
Net      $5,261     $5,345     $84      $5,235     $5,074     $(161)   $5,170     $5,004     $(166)   $5,022     $5,230     $208
Income
Basic
earnings
per      $0.40      $0.41      $0.01    $0.40      $0.39      $(0.01)  $0.40      $0.39      $(0.01)  $0.39      $0.41      $0.02
common
share
Diluted
earnings
per      $0.40      $0.40      $--     $0.40      $0.39      $(0.01)  $0.39      $0.39      $--     $0.39      $0.41      $0.02
common
share
                                                                                                                                      
        For The Nine Months Ended September                                                                                              
         30, 2011
        Originally   Corrected    Difference                                                                                             
         Reported
                                                                                                                                      
Net      $14,543    $14,598    $55                                                                                                  
Income
Basic
earnings
per      $1.15      $1.16      $0.01                                                                                                
common
share
Diluted
earnings
per      $1.15      $1.16      $0.01                                                                                                
common
share
                                                                                                                                      
Balance Sheet Effect
(dollars in thousands except share data)                                                                                                          
        As of June 30, 2012                  As of March 31, 2012                 As of December 31, 2011              As of September 30, 2011
        Originally   Corrected    Difference Originally   Corrected    Difference Originally   Corrected    Difference Originally   Corrected    Difference
         Reported                             Reported                             Reported                             Reported
                                                                                                                                      
Total    $1,854,885 $1,853,355 $(1,530) $1,838,075 $1,836,411 $(1,664) $1,774,907 $1,773,373 $(1,534) $1,757,119 $1,755,770 $(1,349)
assets
Retained $132,837   $132,420   $(417)   $129,702   $129,201   $(501)   $126,582   $126,242   $(340)   $123,377   $123,203   $(174)
earnings
Cost of
treasury $29,789    $30,901    $1,112   $29,833    $30,995    $1,162   $29,833    $31,027    $1,194   $29,833    $31,008    $1,175
stock
Shares
of       2,905,293   2,988,561   83,268    2,909,542   2,995,681   86,139    2,909,542   2,997,628   88,086    2,909,542   2,996,600   87,058
treasury
stock

CONTACT: Ted Peters, Chairman
         610-581-4800
         J. Duncan Smith, CFO
         610-526-2466
 
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