Bryn Mawr Bank (BMTC) 8-K Results of Operations and Financial Condition

Exhibit 99.1

Bryn Mawr Bank Corporation

FOR RELEASE: IMMEDIATELY
FOR MORE INFORMATION CONTACT:	Ted Peters, Chairman
	610-581-4800 or
	610-525-2531 (evening)
	tpeters@bmtc.com
	J. Duncan Smith, CFO
	610-526-2466 or
	610-306-8489 (evening)
	jdsmith@bmtc.com

Bryn Mawr Bank Corporation Announces an 8.2% Increase in 2007 Diluted EPS. Portfolio Loans and Leases Grow 17.9% in 2007.

BRYN MAWR, Pa. January 31, 2008 – Bryn Mawr Bank Corporation, (NASDAQ: BMTC), (the “Corporation”), parent of The Bryn Mawr Trust Company (the “Bank”), today announced financial results for the year ended December 31, 2007.

The Corporation reported twelve month 2007 diluted earnings per share of $1.58, an increase of $0.12 per share or 8.2% compared to $1.46 per share in the same period of 2006. Net income for the year ended December 31, 2007 was $13.6 million, an increase of 7.0% or $884 thousand, compared to $12.7 million last year.

Ted Peters, Chairman and Chief Executive Officer, stated, “Anticipating a one-time gain on the sale of real estate during the first quarter of 2007, we invested in many new business initiatives in the latter part of 2006 continuing through 2007. These initiatives include the formation of an equipment leasing company, the start-up of a loan production office in West Chester, the opening of the Corporation’s new Ardmore branch, the roll-out of the Private Banking Group, the formation of BMT Mortgage Group to augment the Corporation’s existing mortgage operations, and the retooling of the Wealth Division through investments in additional personnel, product offerings and service enhancements. During the third quarter of 2007, an experienced financial planner was hired to enhance

the Wealth Division’s overall financial planning services and a new separately-managed investment account (“SMA”) product was launched.”

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The Corporation is also developing plans to establish a limited purpose trust company (“LPTC”) in the State of Delaware in 2008, subject to regulatory approval, to serve as a corporate fiduciary under Delaware statutes, which are more favorable for individuals and families.

The primary factor contributing to the increase in earnings for the year was a $0.10 per share or $866 thousand after-tax gain on the sale of real estate that previously served as the Bank’s Wynnewood branch location. Excluding the real estate gain, year to date 2007 diluted earnings per share of $1.48 were up $.02 or 1.4% from the same period last year and net income of $12.7 million was flat from the prior period. Return on average equity (ROE) and return on average assets (ROA) for the year ended December 31, 2007 were 15.87% (14.86% excluding the real estate gain) and 1.59% (1.49% excluding the real estate gain), respectively. ROE was 15.71% and ROA was 1.72% for the same period last year.

Mr. Peters added, “Bryn Mawr Bank Corporation is delivering solid results in a challenging banking environment. Our success this year is the direct result of our focus on Business Banking and Wealth Management services. The Corporation continues to be able to expand banking relationships with local businesses, not-for-profits, quality builders and high credit quality individuals. Additional opportunities exist also in our residential lending unit with desirable borrowers as competitors have partially, and in some cases entirely, withdrawn from the market. Our niche marketing and management structure allowed the Corporation to increase portfolio loans and leases in 2007 by 17.9% or $121.6 million compared with year-end 2006 balances. This growth in loan and lease volume was able to offset several prime rate decreases which had no commensurate decline in funding costs, and to increase the Corporation’s tax equivalent net interest income by $921 thousand or 2.7% for the year ended December 31, 2007 compared to the same period last year. The tax equivalent net interest margin for the year ended December 31, 2007 was 4.37% compared with 4.90% in the same period last year.”

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For the year ended December 31, 2007, non-interest income excluding the $1.3 million (pre-tax) real estate gain on the Wynnewood property, was $20.4 million, an increase of $2.1 million or 11.4% over the $18.4 million in 2006. The primary factor for this increase was year-to-date Wealth Management revenue of $13.5 million which was $1.1 million or 8.7% higher than 2006. The increase in Wealth Management fee revenue is partially due to market appreciation, increased brokerage fee revenue, a Fall 2007 minimum fee increase, and increased investment advisory fee revenue from clients of another financial institution, partially offset by lower estate settlement revenue. The balance of the increase in non-interest income was due primarily to income from bank-owned-life-insurance (“BOLI”) acquired in May 2007, stronger mortgage loan sale revenue and a gain on the sale of other real estate owned.

Commenting on the Wealth Management initiatives, Mr. Peters added, “Bryn Mawr Trust has long been known for its well respected Wealth Management services, and we are making investments to further enhance and differentiate this business. The rollout of Wealth Management’s SMA product platform enables our clients to tap into ‘best of breed’ money managers across a wide range of investment disciplines. The Corporation expects its expansion into Delaware should open up a national market for these and other new product offerings.”

Wealth Management revenues for the year ended December 31, 2007 and December 31, 2006 include $580 thousand and $403 thousand, respectively, of fees that will no longer be earned relating to one institutional client that was acquired by another financial institution in a business combination on November 16, 2007. Wealth assets under Management and Administration at September 30, 2007 and December 31, 2006 relating to this client were approximately $423 and $412 million, respectively, and zero at December 31, 2007.

For the year ended December 31, 2007, non-interest expense was $35.0 million, an increase of $3.5 million or 11.3% over the $31.4 million in the same period last year. Personnel and related support costs associated with the new business initiatives, advertising costs, and professional and consulting fees were the primary contributors to this increase in non-interest expenses. Non-interest expenses in 2007 include approximately $350 thousand in personnel, professional and other costs that are not ongoing commitments.

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Total portfolio loans and leases at December 31, 2007 were $802.9 million, an increase of $121.6 million or 17.9% from $681.3 million at December 31, 2006. Lease balances at December 31, 2007 of $45.1 million were 5.6% of total portfolio loans compared with $7.0 million and 1.0%, respectively, at the end of last year.

Credit quality on the overall loan and lease portfolio remains strong as total non-performing loans and leases of $2.010 million represents 25 basis points of portfolio loans and leases at December 31, 2007. This compares with 12 basis points or $823 thousand at December 31, 2006 and 11 basis points and $856 thousand at September 30, 2007. December 31, 2007 non-performing loan balances include an accruing $1.250 million loan which is well secured by a local residential property and in the process of collection.

The provision for loan and lease losses for the year ended December 31, 2007 and 2006 were $891 and $832 thousand, respectively. At December 31, 2007, the allowance for loan and lease losses of $8.124 million represents 1.01% of portfolio loans and leases compared with 1.19% at December 31, 2006. The reasons for this decrease are discussed below and start with an analysis of the Corporation’s loan and lease portfolio which has two different and distinct types of assets as shown in the following table:

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Allowance for Loan and Lease Losses Composition

(dollars in thousands)

Period End Loans and Leases:	2007			% of Total		2006			% of Total
Loans	$	757,841		94.4	%	$	674,279		99.0	%
Leases		45,084		5.6	%		7,012		1.0	%
Total	$	802,925		100.0	%	$	681,291		100.0	%
Period End Allowance for Loan & Lease Losses:	2007			% of Total		2006			% of Total
Loans	$	7,335	��	90.3	%	$	7,982		98.3	%
Leases		789		9.7	%		140		1.7	%
Total	$	8,124		100.0	%	$	8,122		100.0	%
Period End Allowance as a % of Respective Loan & Lease Balances	2007					2006
Loans		0.97	%				1.18	%
Leases		1.75	%				2.00	%
Total		1.01	%				1.19	%
Net Charge-Offs	2007			% of Total		2006			% of Total
Loans	$	354		39.8	%	$	112		100.0	%
Leases		535		60.2	%		0		0.0	%
Total	$	889		100.0	%	$	112		100.0	%
Average Loans & Leases:	2007			% of Total		2006			% of Total
Loans	$	708,557		96.3	%	$	631,156		99.8	%
Leases		27,229		3.7	%		797		0.2	%
Total Average	$	735,786		100.0	%	$	631,953		100.0	%
Net Charge-Offs as a % of Average:	2007					2006
Loans		0.05	%				0.02	%
Leases		1.96	%				0.00	%
Total		0.12	%				0.02	%

The Corporation’s $758 million loan portfolio (total portfolio loans and leases excluding leases) is based in the Corporation’s traditional market areas of Chester, Delaware and Montgomery counties (Pennsylvania) and the greater Philadelphia area which have not experienced the hyper real estate price appreciation and subsequent decline that many areas around the country are experiencing. The Corporation has observed a slow-down in new construction in the local area and some home value reductions, but has not seen any impact on the Corporation’s loan quality ratios relative to the loan portfolio.

The Corporation’s $45.1 million leasing portfolio is national in scope and consists of over 2,500 equipment financing leases to customers in all 50 states with initial lease terms of 24 to 60 months. The average lease is approximately $18 thousand and the average customer exposure is approximately $19 thousand. The weighted average portfolio yield is approximately 10.97%. Net lease charge-offs in 2007 of $535 thousand represent 1.96% of average lease balances of $27.2 million.

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While the above table reflects the Corporation’s allocation of the allowance for loan losses by category, specific allocations in any particular category may be changed in the future to reflect then current conditions, as the entire allowance is available to absorb losses in any category. The allowance for loan and lease losses in 2007 was affected by continued loan growth, the maturing of the lease portfolio and related charge-offs, continuing changes to the mix of assets, and periodic refinements along with changes to estimates of loss in certain asset classes. In the aggregate, these changes resulted in a more volatile quarterly provision for loan and leases losses in 2007. The changes, including the change we discussed last quarter and refinements of certain additional specific aspects of our reserve estimate during the fourth quarter, resulted in a lower provision in 2007 than would have resulted under the previous loss estimates and a lower overall allowance as a percentage of total portfolio loans. The Corporation believes that its revised estimates better reflect the loss inherent in the loan and lease portfolio.

Funding from wholesale sources at December 31, 2007 included approximately $130 million in wholesale certificates of deposit and $45 million in Federal Home Loan Bank (“FHLB”) borrowings ($175 million in total). This compares with approximately $20 million and $15 million in wholesale certificates and FHLB borrowings, respectively, at December 31, 2006 ($35 million in total). The increase in total wholesale funding of $140 million in 2007 was primarily used to fund portfolio loan and lease growth of approximately $122 million. Average other deposits (total deposits less wholesale certificates of deposit) in the fourth quarter of 2007 declined approximately $5 million to $625 million compared with $630 in the fourth quarter of 2006 due to the difficult deposit gathering environment. The use of wholesale funding at average rates of 5.30% was the primary reason that the Corporation’s net interest margin declined from 4.90% in 2006 to 4.37% in 2007. The Corporation has unused FHLB borrowing capacity of $263 million at December 31, 2007.

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Deposit balances at December 31, 2007 and 2006 reflect approximately $70 million and $35 million, respectively, in demand deposit balances that represent short term in-flows from customer year-end activity. During 2007, deposits continued to shift from lower yielding savings and NOW accounts into higher yielding money market accounts, but at a much slower pace than the corporation experienced in 2006. These short term deposit in-flows pushed the Corporation’s total assets over the $1 billion level at December 31, 2007.

The Corporation’s effective tax rate for the years ended December 31, 2007 and 2006 were 32.6% and 34.5%. The decrease in the effective tax rate in 2007 compared with 2006 is primarily attributable to an increase in tax free income and other smaller items.

Fourth Quarter Results:

The Corporation reported fourth quarter 2007 diluted earnings per share of $ 0.36, a decrease of $.01 or 2.7% compared with the same period in 2006. Net income for the fourth quarter of 2007 was $3.1 million, a decrease of 4.1% or $130 thousand compared to $3.2 million in last year’s fourth quarter. Return on average equity (ROE) and return on average assets (ROA) for the quarter ended December 31, 2007, were 13.73% and 1.34%, respectively. ROE was 15.06% and ROA was 1.62% for the same period last year. Strong loan and lease growth and increases in non-interest income, which were offset by a higher provision for loan and lease losses, two prime rate reductions with little relief in funding costs and incremental costs associated with the new business initiatives, contributed to the decline in fourth quarter 2007 earnings.

In the fourth quarter of 2007 the tax equivalent net interest income grew 2.4% to $8.7 million from $8.5 million in the fourth quarter of 2006. This was the result of an approximately $115 million increase or 15.8% increase in quarterly average interest earning assets, partially offset by a 54 basis point decrease in the Corporation’s tax equivalent net interest margin to 4.11% from 4.65%.

Non-interest income for the fourth quarter of 2007 was $5.4 million, an increase of $776 thousand or 16.8% over the $4.6 million in the fourth quarter of 2006. This increase was partially driven by a $241 thousand or 7.4% increase in Wealth Management revenues. Other factors contributing to the increase over last year was $165 thousand of BOLI income, a $171 thousand or 94.0% increase in gain on sale of loans and a $191 thousand or 35.2% increase in other operating income, partially due to an increase in value of a previously purchased interest rate floor contract.

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Wealth Management revenues for the quarter ended December 31, 2007 and December 31, 2006 include $80 thousand and $97 thousand, respectively, of fees that will no longer be earned relating to the institutional client that was recently acquired by another financial institution.

Non-interest expense for the fourth quarter of 2007 was $9.0 million, an increase of $1.1 million or 14.6% from $7.8 million in the fourth quarter of 2006. The increase in non-interest expenses is primarily due to personnel and benefits and related support costs associated with the new initiatives discussed earlier in this release, along with overall benefit expense cost increases.

The Corporation’s effective tax rate for the quarter ended December 31, 2007 was 34.0% compared to 35.7% in the same period last year. The decrease in the tax rate in 2007 is primarily attributable to tax free income and other smaller items.

Sequential Quarters:

On a sequential basis, diluted earnings per share for the fourth quarter of 2007 of $0.36 were $0.04 or 10.0% lower than the $0.40 diluted earnings per share in the third quarter of 2007. Net income of $3.1 million for the fourth quarter of 2007 was 10.9% or $377 thousand lower than third quarter 2007 net income of $3.5 million. A $401 thousand increase in the provision for loan and lease losses, a $52 thousand decrease in tax equivalent net interest income, and a $211 thousand increase in non-interest expenses, partially offset by a $229 thousand increase in non-interest income, accounted for the sequential decline in net income. The sequential increase in non-interest income was primarily in Wealth Management revenue and the sequential increase in non-interest expenses was primarily salaries and wages relating to the new initiatives and benefit costs.

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The $52 thousand decline in tax equivalent net interest income on a sequential basis was primarily due to two fourth quarter prime rate reductions totaling 50 basis points which brought the earning asset yield down 18 basis points with only a 1 basis point drop in funding costs, resulting in a quarterly tax equivalent net interest margin of 4.11%. However, the Corporation has over $140 million of its $175 million in wholesale funding maturing or repricing throughout 2008.

The Corporation’s effective tax rate for the quarters ended December 31, 2007 and September 30, 2007 was 34.0% and 32.1%, respectively. The sequential increase in the tax rate primarily relates to state income tax expenses relating to the leasing company.

Other Disclosure Items:

Dividend Declared: The Corporation’s Board of Directors declared a regular quarterly dividend of $0.13 per share, payable March 1, 2008, to shareholders of record as of February 11, 2008.

Immaterial Correction of Prior Financial Statements: In January 2008 the Corporation identified that there was an immaterial under-accrual of payroll related liabilities in each of its prior quarterly and year end statements of condition. The press release reflects the correction of this immaterial under-accrual. Other liabilities and other assets were increased by approximately $500 thousand and $200 thousand, respectively, and shareholder’s equity was decreased by approximately $300 thousand as of the end of each interim and annual period before December 31, 2007. Additionally, the presentation of performance ratios and other related measures in all prior periods contained in this release have been corrected to reflect the impact of the above mentioned immaterial amounts.

Non-GAAP Measures: A non-GAAP financial measure is a numerical measure of a company’s performance, financial position, or cash flows that either exclude or include amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles (GAAP). To supplement our financial statements presented in accordance with GAAP, we report certain key financial measurements without the impact of a material real estate transaction.

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Our management uses these non-GAAP measures in its analysis of the Corporation’s performance. These non-GAAP measures consist of adjusting net income, non-interest income, diluted earnings per share, ROE, and ROA determined in accordance with GAAP to exclude the effects of the real estate gain in the first quarter of 2007 (i.e. year to date).

Management believes that the inclusion of these non-GAAP financial measures provides useful supplemental information essential to the proper understanding of the operating results of the Corporation’s core business. These measures should be considered in addition to results prepared in accordance with GAAP, and are not substitutes for, or superior to, GAAP results. The non-GAAP measures are provided to enhance investors’ overall understanding of our current financial performance. These non-GAAP measures have been reconciled to the nearest GAAP measure in the accompanying schedule.

As previously announced, the Corporation will hold an earnings conference call at 5:00 p.m. EST on Thursday, January 31, 2008. Interested parties may participate by calling 973-582-2734 at 4:55 p.m. EST and referencing conference PIN #30170814. A taped replay of the conference call will be available within two hours of the conclusion of the call and will remain available through April 30, 2008. The number to call for the taped replay is 706-645-9291 and the conference PIN is 30170814.

Earnings Conference Call:

The conference call will be simultaneously broadcast live over the Internet through a web cast on the investor relations portion of the Bryn Mawr Bank Corporation’s website. To access the call, please visit the website athttp://www.bmtc.com/investor_01.cfm. An online archive of the web cast will be available within two hours of the conclusion of the call. The Corporation expanded its Investor Relations section 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.

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This release contains certain forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words believe, expect, anticipate, intend, plan, target, estimate or words of similar meaning. Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors, many of which are beyond the Corporation’s control, could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Corporation does not undertake to update forward-looking statements.

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Bryn Mawr Bank Corporation

Reconciliation of Non-GAAP Information

(dollars in thousands, except per share data)

(unaudited)

Three Month Period Ended
March 31,
	Net Income					Change					Non-interest income						Change
	2007			2006		$			%		2007			2006			$			%
As reported (GAAP)	$	3,976		$	3,136	$	840		26.8	%	$	6,146		$	4,599		$	1,547		33.6	%
Non-GAAP adjustment1		(866	)		—		(866	)	(27.6	%)		(1,333	)		—			(1,333	)	(29.0	%)
Adjusted (Non-GAAP)	$	3,110		$	3,136	$	(26	)	(0.8	%)	$	4,813		$	4,599		$	214		4.7	%
	Diluted										ROE						ROA
	Earnings Per Share					Change					2007			2006			2007			2006
	2007			2006		$			%
As reported (GAAP)	$	0.46		$	0.36	$	0.10		27.8	%		19.43	%		16.33	%		2.03	%	1.83	%
Non-GAAP adjustment1		(0.10	)		—		(0.10	)	(27.8	%)		(4.21	%)		0.00	%		(0.44	%)	0.00	%
Adjusted (Non-GAAP)	$	0.36		$	0.36	$	0.00		0.0	%		15.22	%		16.33	%		1.59	%	1.83	%
Twelve Month Period Ended
December 31,
	Net Income					Change					Non-interest income						Change
	2007			2006		$			%		2007			2006			$			%
As reported (GAAP)	$	13,600		$	12,716	$	884		7.0	%	$	21,781		$	18,361		$	3,420		18.6	%
Non-GAAP adjustment1		(866	)		—		(866	)	6.8	%		(1,333	)		—			(1,333	)	(7.2	%)
Adjusted (Non-GAAP)	$	12,734		$	12,716	$	18		0.2	%	$	20,448		$	18,361		$	2,087		11.4	%
	Diluted										ROE						ROA
	Earnings Per Share					Change					2007			2006			2007			2006
	2007			2006		$			%
As reported (GAAP)	$	1.58		$	1.46	$	0.12		8.2	%		15.87	%		15.71	%		1.59	%	1.72	%
Non-GAAP adjustment1		(0.10	)		—		(0.10	)	(6.8	%)		(1.01	%)		0.00	%		(0.10	%)	0.00	%
Adjusted (Non-GAAP)	$	1.48		$	1.46	$	0.02		1.4	%		14.86	%		15.71	%		1.49	%	1.72	%

1) The Corporation uses this non-GAAP (Generally Accepted Accounting Principals) financial information in its analysis of the Corporation's performance. This non-GAAP data should be considered in addition to results prepared in accordance with GAAP, and are not a substitute for, or superior to, GAAP results. The non-GAAP adjustment in the first quarter of 2007 represents the reduction of the effect of the after tax gain on sale of real estate of $866,000. The gain was calculated as the excess of the net sale proceeds over net book value, less income taxes.

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Bryn Mawr Bank Corporation

Consolidated Selected Financial Data (GAAP)

(Dollars in thousands, except per share data)

December 31, 2007

(unaudited)

	For The Three Months Ended
	Dec 31, 2007			Sep 30, 2007			Jun 30, 2007			Mar 31, 2007			Dec 31, 2006
Interest income	$	14,300		$	14,147		$	13,250		$	12,521		$	12,446
Interest expense		5,647			5,448			4,736			4,145			4,021
Net interest income		8,653			8,699			8,514			8,376			8,425
Provision for loan and lease losses		401			—			240			250			211
Net interest income after provision for loan and lease losses		8,252			8,699			8,274			8,126			8,214
Fees for wealth management services		3,482			3,310			3,423			3,287			3,241
Loan servicing and late fees		282			276			277			280			283
Service charges on deposits		385			363			356			360			376
Net gain on sale of real estate		—			—			—			1,333			—
Net gain on sale of OREO		—			—			110			—			—
Net gain on sale of loans		353			358			259			280			182
BOLI income		165			175			84			—			—
Other operating income		733			689			555			606			542
Noninterest income		5,400			5,171			5,064			6,146			4,624
Salaries and wages		4,551			4,536			3,981			4,048			3,982
Employee benefits		1,214			1,056			1,057			1,221			951
Occupancy and bank premises		725			739			712			686			632
Furniture fixtures and equipment		536			522			513			507			481
Advertising		118			237			355			316			238
Amortization of mortgage servicing rights		91			88			77			92			90
Professional fees		372			342			470			401			225
Other expenses		1,384			1,260			1,588			1,164			1,247
Noninterest expense		8,991			8,780			8,753			8,435			7,846
Income before income taxes		4,661			5,090			4,585			5,837			4,992
Income tax expense		1,583			1,635			1,494			1,861			1,784
Net income	$	3,078		$	3,455		$	3,091		$	3,976		$	3,208
Per share data:
Weighted average shares outstanding		8,522,325			8,520,843			8,542,066			8,575,172			8,588,820
Dilutive potential common shares		64,609			76,385			112,040			121,519			120,792
Adjusted weighted average dilutive shares		8,586,934			8,597,228			8,654,106			8,696,691			8,709,612
Basic earnings per common share	$	0.36		$	0.41		$	0.36		$	0.46		$	0.37
Diluted earnings per common share	$	0.36		$	0.40		$	0.36		$	0.46		$	0.37
Dividend declared per share	$	0.13		$	0.13		$	0.12		$	0.12		$	0.12
Effective tax rate		34.0	%		32.1	%		32.6	%		31.9	%		35.7	%

Note: Certain prior period amounts have been reclassified to conform to current period presentation.

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Bryn Mawr Bank Corporation

Consolidated Selected Financial Data (GAAP)

(Dollars in thousands, except per share data)

December 31, 2007

(unaudited)

	For The Twelve Months Ended
	Dec 31, 2007			Dec 31, 2006
Interest income	$	54,218		$	45,906
Interest expense		19,976			12,607
Net interest income		34,242			33,299
Provision for loan and lease losses		891			832
Net interest income after provision for loan and lease losses		33,351			32,467
Fees for wealth management services		13,502			12,422
Loan servicing and late fees		1,115			1,126
Service charges on deposits		1,464			1,540
Net gain on sale of real estate		1,333			—
Net gain on sale of OREO		110			—
Net gain on sale of loans		1,250			954
BOLI income		424			—
Other operating income		2,583			2,319
Noninterest income		21,781			18,361
Salaries and wages		17,116			15,754
Employee benefits		4,548			4,287
Occupancy and bank premises		2,862			2,534
Furniture fixtures and equipment		2,078			1,925
Advertising		1,026			898
Amortization of mortgage servicing rights		348			348
Professional fees		1,585			1,016
Other expenses		5,396			4,661
Noninterest expense		34,959			31,423
Income before income taxes		20,173			19,405
Income tax expense		6,573			6,689
Net income	$	13,600		$	12,716
Per share data:
Weighted average shares outstanding		8,539,904			8,578,050
Dilutive potential common shares		93,638			113,579
Adjusted weighted average shares		8,633,542			8,691,629
Basic earnings per common share	$	1.59		$	1.48
Diluted earnings per common share	$	1.58		$	1.46
Dividend declared per share	$	0.50		$	0.46
Effective tax rate		32.6	%		34.5	%

Note: Certain prior period amounts have been reclassified to conform to current period presentation.

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Bryn Mawr Bank Corporation

Consolidated Selected Financial Data (GAAP)

(Dollars in thousands, except per share data)

December 31, 2007

(unaudited)

For the period end:	2007			2007			2007			2007			2006
	4Q			3Q			2Q			1Q			4Q
Asset Quality Data
Nonaccrual loans and leases	$	747		$	852		$	654		$	389		$	704
90 + days past due loans and leases		1,263			4			41			28			119
Nonperforming loans and leases		2,010			856			695			417			823
OREO		—			—			—			561			—
Nonperforming assets	$	2,010		$	856		$	695		$	978		$	823
Allowance for loan and lease losses	$	8,124		$	8,292		$	8,605		$	8,366		$	8,122
Allowance for loan and lease losses / loans and lease		1.01	%		1.07	%		1.16	%		1.21	%		1.19	%
Allowance for loan and lease losses / nonperforming loans and leases		404	%		969	%		1,238	%		2,006	%		987	%
Nonperforming loans and leases / portfolio loans		0.25	%		0.11	%		0.09	%		0.06	%		0.12	%
Nonperforming assets / assets		0.20	%		0.10	%		0.08	%		0.12	%		0.10	%
Net loan and lease charge-offs (recoveries)		569			313			1			6			114
Net loan and lease charge-offs (annualized)/ average loans		0.309	%		0.174	%		0.001	%		0.004	%		0.07	%
For the period and period end:	2007			2007			2007			2007			2006
	4Q			3Q			2Q			1Q			4Q
Selected ratios (annualized):
Return on average assets		1.34	%		1.56	%		1.49	%		2.03	%		1.62	%
Return on average shareholders' equity		13.73	%		15.90	%		14.66	%		19.43	%		15.06	%
Yield on interest earning assets*		6.77	%		6.95	%		6.97	%		6.93	%		6.85	%
Cost of interest bearing funds		3.43	%		3.44	%		3.27	%		3.08	%		2.99	%
Net interest margin*		4.11	%		4.29	%		4.49	%		4.65	%		4.65	%
Tier 1 leverage ratio		10.42	%		10.55	%		10.95	%		11.34	%		11.04	%
Book value per share	$	10.60		$	10.43		$	10.11		$	9.97		$	9.62
Tangible book value per share	$	10.60		$	10.43		$	10.11		$	9.97		$	9.62
Period end shares outstanding		8,526,084			8,518,634			8,532,580			8,582,172			8,562,209
Selected data:
Mortgage loans originated	$	34,565		$	37,285		$	27,490		$	28,271		$	23,030
Mortgage loans sold—servicing retained	$	8,583		$	7,588		$	3,298		$	4,831		$	4,242
Mortgage loans sold—servicing released	$	12,852		$	17,249		$	19,521		$	14,844		$	15,320
Mortgage loans serviced for others	$	357,363		$	364,684		$	367,087		$	377,512		$	382,141
Brokerage assets (1)	$	85,338		$	95,357		$	85,003		$	77,624		$	76,309
Assets under management—other Institutions		—			423,301			419,819			416,819			412,356
Wealth assets under management / administration	$	2,191,753		$	2,251,951		$	2,212,514		$	2,105,552		$	2,102,468
Total Wealth assets under management/ administration/ brokerage	$	2,277,091		$	2,770,609		$	2,717,336		$	2,599,995		$	2,591,133
							2007						2006
							Year-to-date						Year-to-date
Selected ratios (annualized):
Return on average assets								1.59	%					1.72	%
Return on average shareholders' equity								15.87	%					15.71	%
Yield on interest earning assets*								6.90	%					6.74	%
Cost of interest bearing funds								3.32	%					2.55	%
Net interest margin*								4.37	%					4.90	%
Mortgage loans originated							$	127,611					$	127,307
Mortgage loans sold—servicing retained							$	24,300					$	20,910
Mortgage loans sold—servicing released							$	64,466					$	46,750

(1) Yield on Interest earning assets and net interest margin are calculated on a tax equivalent basis. Brokerage Assets represent assets held at a registered broker dealer under a networking agreement.

15

Bryn Mawr Bank Corporation

Consolidated Selected Financial Data (GAAP)

(Dollars in thousands)

December 31, 2007

(unaudited)

Balance Sheet

For the period ended:	Dec 31, 2007			Sep 30, 2007			Jun 30, 2007			Mar 31, 2007			Dec 31, 2006
Assets
Interest bearing deposits with banks	$	1,209		$	1,002		$	520		$	407		$	532
Fed funds sold		17,000			—			2,500			7,885			—
Investment securities		48,402			43,720			44,817			45,772			48,232
Loans held for sale		5,125			5,757			6,535			7,448			3,726
Portfolio loans:
Consumer		7,990			8,354			7,827			8,073			9,156
Commercial & industrial		213,834			209,516			191,484			179,483			175,278
Commercial mortgages		224,510			221,296			224,696			200,121			198,407
Construction		66,901			70,509			70,209			74,355			74,798
Residential mortgages		121,313			113,705			105,441			105,065			103,572
Home equity lines & loans		123,293			114,298			111,079			107,554			113,068
Leases		45,084			37,545			28,924			16,898			7,012
Total portfolio loans and leases		802,925			775,223			739,660			691,549			681,291
Earning assets		874,661			825,702			794,032			753,061			733,781
Cash and due from		76,965			21,330			22,533			25,114			61,473
Allowance for loan and lease losses		(8,124	)		(8,292	)		(8,605	)		(8,366	)		(8,122	)
Other assets		58,594			56,125			56,767			41,270			39,685
Total assets	$	1,002,096		$	894,865		$	864,727		$	811,079		$	826,817
Liabilities and shareholders' equity
Interest-bearing checking	$	137,486		$	123,913		$	126,988		$	130,447		$	143,742
Money market		114,310			114,572			101,613			107,919			111,338
Savings		36,181			36,121			38,009			40,751			40,441
Wholesale deposits		129,820			114,565			121,750			65,270			19,976
Time deposits		203,462			194,199			186,045			166,967			200,446
Interest-bearing deposits		621,259			583,370			574,405			511,354			515,943
Non-interest bearing deposits		228,269			138,254			154,238			152,926			198,546
Total deposits		849,528			721,624			728,643			664,280			714,489
Borrowed funds		45,000			68,500			35,100			45,000			15,000
Other liabilities		17,217			16,176			15,018			16,509			15,236
Shareholders' equity		90,351			88,565			85,966			85,290			82,092
Total liabilities and shareholders' equity	$	1,002,096		$	894,865		$	864,727		$	811,079		$	826,817
Balance Sheet (average)
	2007			2007			2007			2007			2006
	4Q			3Q			2Q			1Q			4Q
Assets
Interest bearing deposits with banks	$	1,764		$	3,172		$	568		$	486		$	500
Fed funds sold		5,438			4,884			1,019			2,597			1,291
Investment securities		42,450			44,074			45,394			47,029			51,658
Loans held for sale		4,820			5,465			4,489			3,746			4,312
Portfolio loans and leases		787,059			754,249			716,734			684,870			669,036
Earning assets		841,531			811,844			768,204			738,728			726,797
Cash and due from		21,231			22,306			22,299			24,766			27,030
Allowance for loan and lease losses		(8,347	)		(8,712	)		(8,537	)		(8,254	)		(8,189	)
Other assets		54,450			54,231			47,617			38,454			40,531
Total assets	$	908,865		$	879,669		$	829,583		$	793,694		$	786,169
Liabilities and shareholders' equity
Interest-bearing checking	$	130,161		$	132,180		$	131,893		$	133,252		$	129,400
Money market		120,298			108,437			104,812			107,978			113,608
Savings		35,952			37,278			39,072			40,143			40,856
Wholesale deposits		132,439			120,222			83,664			31,573			19,957
Time deposits		190,016			192,999			173,279			191,838			193,166
Interest-bearing deposits		608,866			591,116			532,720			504,784			496,987
Non-interest bearing deposits		148,717			148,858			148,105			149,420			152,822
Total deposits		757,583			739,974			680,825			654,204			649,809
Borrowed funds		44,592			37,319			47,720			40,363			35,731
Other liabilities		17,714			16,205			16,489			16,152			16,150
Shareholders' equity		88,976			86,171			84,549			82,975			84,479
Total liabilities and shareholders' equity	$	908,865		$	879,669		$	829,583		$	793,694		$	786,169

16

Bryn Mawr Bank Corporation

Consolidated Selected Financial Data (GAAP)

(Dollars in thousands)

December 31, 2007

(unaudited)

Balance Sheet (average)

	2007			2006
	Year-to-date			Year-to-date
Assets
Interest bearing deposits with banks	$	1,506		$	609
Fed funds sold		3,496			3,053
Investment securities		44,722			46,482
Loans held for sale		4,908			4,333
Portfolio loans and leases		735,786			631,953
Earning assets		790,418			686,430
Cash and due from		22,640			25,358
Allowance for loan and lease losses		(8,463	)		(7,828	)
Other assets		48,725			36,894
Total assets	$	853,320		$	740,854
Liabilities and shareholders’ equity
Interest-bearing checking	$	131,864		$	136,062
Money market		110,410			112,976
Savings		38,097			43,037
Wholesale deposits		92,329			10,473
Time deposits		187,044			173,271
Interest-bearing deposits		559,744			475,819
Non-interest bearing deposits		148,773			150,042
Total deposits		708,517			625,861
Borrowed funds		42,496			19,442
Other liabilities		16,622			14,584
Shareholders’ equity		85,685			80,967
Total liabilities and shareholders’ equity	$	853,320		$	740,854

17

Quarterly Average Balances and Tax Equivalent Income and Expense and Tax Equivalent Yields

	4th Quarter 2007							3rd Quarter 2007							2nd Quarter 2007							1st Quarter 2007							4th Quarter 2006
(dollars in thousands)	Average Balance			Interest Income/ Expense		Average Rates Earned/ Paid		Average Balance			Interest Income/ Expense		Average Rates Earned/ Paid		Average Balance			Interest Income/ Expense		Average Rates Earned/ Paid		Average Balance			Interest Income/ Expense		Average Rates Earned/ Paid		Average Balance			Interest Income/ Expense		Average Rates Earned/ Paid
Assets:
Interest-bearing deposits with other banks	$	1,764		$	21	4.72	%	$	3,172		$	42	5.25	%	$	568		$	7	4.94	%	$	486		$	6	5.01	%	$	500		$	7	5.55	%
Federal funds sold		5,438			61	4.45	%		4,884			65	5.28	%		1,019			14	5.51	%		2,597			34	5.31	%		1,291			17	5.22	%
Investment securities available for sale:
Taxable		37,325			474	5.04	%		39,090			500	5.07	%		40,393			514	5.10	%		42,023			529	5.11	%		46,618			567	4.83	%
Tax-exempt		5,125			58	4.49	%		4,984			57	4.54	%		5,001			59	4.73	%		5,006			58	4.70	%		5,040			58	4.57	%
Investment securities available for sale		42,450			532	4.97	%		44,074			557	5.01	%		45,394			573	5.06	%		47,029			587	5.06	%		51,658			625	4.80	%
Loans and leases *		791,879			13,755	6.89	%		759,714			13,558	7.08	%		721,223			12,747	7.09	%		688,616			11,993	7.06	%		673,348			11,892	7.01	%
Total interest earning assets		841,531			14,369	6.77	%		811,844			14,222	6.95	%		768,204			13,341	6.97	%		738,728			12,620	6.93	%		726,797			12,541	6.85	%
Cash and due from banks		21,231							22,306							22,299							24,766							27,030
Less allowance for loan and lease losses		(8,347	)						(8,712	)						(8,537	)						(8,254	)						(8,189	)
Other assets		54,450							54,231							47,617							38,454							40,531
Total assets	$	908,865						$	879,669						$	829,583						$	793,694						$	786,169
Liabilities:
Savings, NOW and market rate deposits	$	286,411		$	1,154	1.60	%	$	277,895		$	1,041	1.49	%	$	275,777		$	977	1.42	%	$	281,373		$	998	1.44	%	$	283,864		$	1,066	1.49	%
Wholesale deposits		132,439			1,741	5.22	%		120,222			1,630	5.38	%		83,664			1,132	5.43	%		31,573			422	5.42	%		19,957			281	5.59	%
Time deposits		190,016			2,213	4.62	%		192,999			2,282	4.69	%		173,279			1,982	4.59	%		191,838			2,184	4.62	%		193,166			2,184	4.49	%
Total interest-bearing deposits		608,866			5,108	3.33	%		591,116			4,953	3.32	%		532,720			4,091	3.08	%		504,784			3,604	2.90	%		496,987			3,531	2.82	%
Short term borrowings		44,592			539	4.80	%		37,319			495	5.26	%		47,720			645	5.42	%		40,363			541	5.44	%		35,731			490	5.44	%
Total interest-bearing liabilities		653,458			5,647	3.43	%		628,435			5,448	3.44	%		580,440			4,736	3.27	%		545,147			4,145	3.08	%		532,718			4,021	2.99	%
Noninterest-bearing deposits		148,717							148,858							148,105							149,420							152,822
Other liabilities		17,714							16,205							16,489							16,152							16,150
Total noninterest-bearing liabilities		166,431							165,063							164,594							165,572							168,972
Total liabilities		819,889							793,498							745,034							710,719							701,690
Shareholders’ equity		88,976							86,171							84,549							82,975							84,479
Total liabilities and shareholders’ equity	$	908,865						$	879,669						$	829,583						$	793,694						$	786,169
Interest income to earning assets		—			—	6.77	%		—			—	6.95	%		—			—	6.97	%		—			—	6.93	%		—			—	6.85	%
Net interest spread						3.34							3.51							3.70							3.85							3.86
Effect of noninterest-bearing sources						0.77							0.78							0.79							0.80							0.79
Net interest income/ margin on earning assets		—		$	8,722	4.11	%		—		$	8,774	4.29	%		—		$	8,605	4.49	%		—		$	8,475	4.65	%		—		$	8,520	4.65	%
Tax equivalent adjustment				$	69	0.03	%				$	74	0.04	%				$	91	0.05	%				$	99	0.05	%				$	95	0.05	%

* 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.

18

Average Balances and Tax Equivalent Income and Expense and Tax Equivalent Yields

For the Twelve months ended December 31,

	2007							2006
(dollars in thousands)	Average Balance			Interest Income/ Expense		Average Rates Earned/ Paid		Average Balance			Interest Income/ Expense		Average Rates Earned/ Paid
Assets:
Interest-bearing deposits with other banks		1,506			76	5.05	%		609			30	4.93	%
Federal funds sold		3,496			174	4.98	%		3,053			146	4.78	%
Investment securities available for sale:
Taxable		39,693			2,017	5.08	%		41,489			1,790	4.31	%
Tax-exempt		5,029			232	4.61	%		4,993			237	4.75	%
Investment securities available for sale		44,722			2,249	5.03	%		46,482			2,027	4.36	%
Loans and leases *		740,694			52,053	7.03	%		636,286			44,059	6.92	%
Total interest earning assets		790,418			54,552	6.90	%		686,430			46,262	6.74	%
Cash and due from banks		22,640						$	25,358
Less allowance for loan and lease losses		(8,463	)						(7,828	)
Other assets		48,725							36,894
Total assets	$	853,320						$	740,854
Liabilities:
Savings, NOW and market rate deposits	$	280,371		$	4,170	1.49	%	$	292,075		$	3,850	1.32	%
Wholesale deposits		92,329			4,925	5.33	%		10,473			579	5.53	%
Time deposits		187,044			8,661	4.63	%		173,271			7,136	4.12	%
Total interest-bearing deposits		559,744			17,756	3.17	%		475,819			11,565	2.43	%
Short term borrowings**		42,496			2,220	5.22	%		19,442			1,042	5.36
Total interest-bearing liabilities		602,240			19,976	3.32	%		495,261			12,607	2.55	%
Noninterest-bearing deposits		148,773							150,042
Other liabilities		16,622							14,584
Total noninterest-bearing liabilities		165,395							164,626
Total liabilities		767,635							659,887
Shareholders' equity		85,685							80,967
Total liabilities and shareholders' equity	$	853,320						$	740,854
Interest income to earning assets		—			—	6.90	%		—			—	6.74	%
Net interest spread						3.58							4.19
Effect of noninterest-bearing sources						0.79							0.71
Net interest income/margin on earning assets		—		$	34,576	4.37	%		—		$	33,655	4.90	%
Tax equivalent adjustment				$	334	0.04	%				$	356	0.05	%

* 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.

19