Bryn Mawr Bank (BMTC) 8-K/A 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 J. Duncan Smith, CFO 610-526-2466

Bryn Mawr Bank Corporation Reports Strong First Quarter 2009 Financial Results

And Enhances Its Capital Base

BRYN MAWR, Pa. April 28, 2009 - Bryn Mawr Bank Corporation (NASDAQ: BMTC), (the “Corporation”), parent of The Bryn Mawr Trust Company (the “Bank”), today announced financial results for the first quarter ended March 31, 2009. The Corporation reported first quarter 2009 diluted earnings per share of $0.31 and net income of $2.6 million compared to fourth quarter 2008 results of $0.12 and $1.0 million. The Corporation had an increase of $0.19 per diluted share or 160% over fourth quarter 2008 results.

On April 20, 2009, the Corporation sold 150,061 shares of its common stock in a private placement to an accredited investor. The aggregate purchase price for the shares sold was $2.5 million. The shares sold constitute 1.7% of the number of outstanding shares of the Corporation’s common stock, as determined immediately after the closing of the sale.

Additionally, the Bank raised $7.5 million in subordinated debt on April 20, 2009 which is intended to qualify as Tier II capital to enhance the Tier II regulatory capital ratios of the Corporation and the Bank.

The Corporation and Bank intend to use the proceeds of the stock sale and subordinated debt issuance to support earning asset growth and for other corporate purposes.

For more information on these transactions refer to the 8-K filed with the SEC on April 21, 2009.

Ted Peters, Chairman and Chief Executive Officer, stated, “We are pleased with the results for the first quarter of 2009, and look forward to the balance of the year. Deposit growth and revenue from mortgage refinance activity were among the highlights for the quarter, partially offset by continued weakness in our small ticket national leasing company and an additional market value adjustment of our mortgage servicing rights due to strong refinance activity.”

Mr. Peters continued, “We are also pleased to report the sale of $2.5 million of common shares and the issuance of $7.5 million in subordinated debt which serve to further enhance our capital position, all without government assistance.”

HIGHLIGHTS FOR THE QUARTER

• First quarter 2009 deposit levels were $886.8 million, up $129.8 million or 17.2% from March 31, 2008 and up $17.3 million or 2.0% from December 31, 2008.

• Total quarter end portfolio loans and leases were down less than 1% to $893.5 million compared to $899.6 million at December 31, 2008 as construction loans decreased $14.7 million or 25% and leases declined $1.6 million or 3%.

• Revenue from Wealth Management services (which includes Lau Associates revenue) for the first quarter 2009 was $3.5 million, compared with fourth quarter 2008 revenue of $3.7 million reflecting the impact of further declines in the market value of financial assets in the first quarter of 2009.

• Mortgage originations for the first quarter of 2009 were $96.5 million compared with $25.8 million in the fourth quarter of 2008 and $28.8 million in the first quarter of 2008. The net gain on the sale of residential mortgage loans of approximately $1.9 million was up significantly from approximately $300 thousand in the fourth quarter of 2008. Operating expenses include variable costs associated with this revenue of approximately 40% .

• The value of our Mortgage Servicing Rights (MSR’s) increased to $2.7 million, up from $2.2 million on December 31, 2008. This increase is the result of mortgage refinancing activity during the first quarter of 2009 due to the current low rate environment. However, this increase was partially offset by the continued decline in the market value of MSR’s on the higher rate mortgages in the mortgage servicing portfolio. As a result of the continued decline in conforming mortgage rates, a market value adjustment of approximately $200 thousand was recognized in the first quarter of 2009.

• The net interest margin was 3.62% for the first quarter 2009, down one basis point from the fourth quarter 2008.

• The provision for loan and lease losses for the quarter ended March 31, 2009 was $1.59 million, primarily due to the continued weakness of our small-ticket national leasing portfolio.

• At March 31, 2009, the allowance for loan and lease losses of $10.14 million was 1.13% of portfolio loans and leases, compared with $10.33 million or 1.15% of portfolio loans and leases at December 31, 2008. The allowance as a percentage of non-performing loans and leases increased to 254% at March 31, 2009 from 178% at December 31, 2008, due to the foreclosure of a site development loan and its transfer into other real estate owned at its estimated net realizable value.

• First quarter 2009 non-interest expense increased approximately $1.0 million or 9.8% over the fourth quarter of 2008 due in part to the variable costs associated with higher residential mortgage activity, the MSR market value adjustment, an approximate 130% increase in the FDIC insurance base rate and increased pension costs, primarily related to the decrease in the market value of the qualified retirement plan’s assets.

• Receipt of approximately $15.6 million in cash relating to the bank owned life insurance contracts that were surrendered in August 2008.

• Regulatory capital levels at March 31, 2009 exceed the regulatory minimum for “well capitalized” at both the Bank and Corporate level by over $10 million ($20 million proforma). Proforma capital ratios are presented below to reflect the issuance of 150,061 shares of common stock and $7.5 million in subordinated debt on April 20, 2009:

Bryn Mawr Trust Company Consolidated

	Regulatory Minimum         to be Well	Actual		Proforma
	Capitalized	3/31/09		3/31/09
Tier I Capital to Risk Weighted Assets (RWA)	6.00%	8.56	%	8.56	%
Total (Tier II) Capital to RWA	10.00%	11.01	%	11.75	%
Tier I Leverage Ratio	5.00%	7.68	%	7.68	%
Bryn Mawr Bank Corporation
	Regulatory Minimum         to be Well	Actual		Proforma
	Capitalized	3/31/09		3/31/09
Tier I Capital to Risk Weighted Assets (RWA)	6.00%	8.91	%	9.17	%
Total (Tier II) Capital to RWA	10.00%	11.36	%	12.34	%
Tier I Leverage Ratio	5.00%	8.01	%	8.24	%
Tangible Common Equity to Assets		7.20	%	7.34	%

DIVIDEND DECLARED

On April 22, 2009, the Corporation’s Board of Directors declared a quarterly dividend of $0.14 per share, payable June 1, 2009 to shareholders of record as of May 7, 2009.

The Corporation will hold an earnings conference call at 8:30 a.m. EDT on Wednesday, April 29, 2009. Interested parties may participate by calling 800-860-2442 at 8:30 a.m. EDT. A taped replay of the conference call will be available within two hours of the conclusion of the call and will remain available through Thursday, May 7, 2009. The number to call for the taped replay is 877-344-7529 and the Replay Passcode is 429460.

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 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.

This press release contains statements which, to the extent that they are not recitations of historical fact may constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. 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”, “could”, “will”, “likely”, “expect,” “anticipate,” “intend”, “estimate”, “plan”, “forecast”, “project” 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; the impact of economic conditions on our business; changes in banking regulation 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; our ability to attract and retain key personnel; competition in our marketplace; and other factors as described in our securities filings. All forward-looking statements and information made herein are based on our current expectations 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 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 Selected Financial Data (GAAP)

(Dollars in thousands, except per share data)

March 31, 2009

(unaudited)

	For The Three Months Ended
	Mar 31, 2009			Dec 31, 2008			Sept 30, 2008			June 30, 2008			Mar 31, 2008
Interest income	$	14,293		$	14,838		$	14,802		$	14,232		$	14,062
Interest expense		4,446			5,050			4,955			4,929			5,454
Subordinated debt		221			257			151			—			—
Net interest income		9,626			9,531			9,696			9,303			8,608
Provision for loan and lease losses		1,591			2,898			1,063			781			854
Net interest income after provision for loan and lease losses		8,035			6,633			8,633			8,522			7,754
Fees for wealth management services		3,504			3,695			3,544			3,291			3,312
Loan servicing and late fees		291			281			298			305			310
Service charges on deposits		463			455			409			429			392
Net gain on sale of residential mortgage loans		1,877			293			287			363			332
Net gain on sale of investments		472			8			—			—			222
BOLI income		—			1			—			117			143
Interest rate floor income		—			—			—			—			268
Other operating income		878			532			807			727			651
Noninterest income		7,485			5,265			5,345			5,232			5,630
Salaries and wages		5,479			4,700			5,278			4,532			4,479
Employee benefits		1,582			912			981			947			1,332
Occupancy and bank premises		927			922			778			715			750
Furniture fixtures and equipment		586			632			578			565			549
Advertising		232			356			265			222			272
Market value adjustment-mortgage servicing rights		204			638			11			(30	)		49
Amortization of mortgage servicing rights		195			81			91			119			76
Intangible asset expense		77			77			64			—			—
FDIC insurance		322			138			121			122			91
Professional fees		343			441			426			364			319
Other expenses		1,521			1,549			1,555			1,447			1,162
Noninterest expense		11,468			10,446			10,148			9,003			9,079
Income before income taxes		4,052			1,452			3,830			4,751			4,305
Income tax expense		1,420			445			1,575			1,586			1,407
Net income	$	2,632		$	1,007		$	2,255		$	3,165		$	2,898
Per share data:
Weighted average shares outstanding		8,602,406			8,585,914			8,575,904			8,571,143			8,534,467
Dilutive potential common shares		18,498			41,254			35,428			31,836			28,413
Adjusted weighted average dilutive shares		8,620,904			8,627,168			8,611,332			8,602,979			8,562,880
Basic earnings per common share	$	0.31		$	0.12		$	0.26		$	0.37		$	0.34
Diluted earnings per common share	$	0.31		$	0.12		$	0.26		$	0.37		$	0.34
Dividend declared per share	$	0.14		$	0.14		$	0.14		$	0.13		$	0.13
Effective tax rate		35.0	%		30.6	%		41.1	%		33.4	%		32.7	%

6

Bryn Mawr Bank Corporation

Consolidated Selected Financial Data (GAAP)

(Dollars in thousands, except per share data )

March 31, 2009

(unaudited)

For the period end:	2009 1Q			2008 4Q			2008 3Q			2008 2Q			2008 1Q
Asset Quality Data
Nonaccrual loans and leases		3,251			5,303			1,961			1,697			1,065
90 + days past due loans and leases		744			504			116			8			15
Nonperforming loans and leases		3,995			5,807			2,077			1,705			1,080
Other non-performing assets		1,311			—			136			155			64
Nonperforming assets	$	5,306		$	5,807		$	2,213		$	1,860		$	1,144
Nonperforming loans and leases / portfolio loans		0.45	%		0.65	%		0.24	%		0.20	%		0.13	%
Nonperforming assets / assets		0.45	%		0.50	%		0.20	%		0.18	%		0.11	%
Non performing loans and leases by category
Residential mortgages	$	1,054		$	1,388		$	1,417		$	1,012		$	776
Commercial mortgages		—			—			—			—			—
Construction loans		1,391			3,150			—			—			—
Commercial loans		47			48			48			49			50
Consumer		744			504			116			8			15
Leases		759			717			496			636			239
Nonperforming loans and leases	$	3,995		$	5,807		$	2,077		$	1,705		$	1,080
Delinquency rate—including nonperforming		1.01	%		0.97	%		0.35	%		0.52	%		0.46	%
Changes in the Allowance for loan and lease losses
Balance, beginning of period	$	10,332		$	9,014		$	8,672		$	8,358		$	8,124
Charge-offs:
Residential mortgages		—			—			—			—			—
Commercial mortgages		—			—			—			—			—
Construction loans		(216	)		—			—			—			—
Commercial loans		(182	)		(4	)		—			—			—
Consumer		(9	)		(9	)		(26	)		(20	)		(17	)
Leases		(1,451	)		(1,598	)		(770	)		(527	)		(645	)
Total		(1,858	)		(1,611	)		(796	)		(547	)		(662	)
Recoveries:
Residential mortgages		—			—			—			24			—
Commercial mortgages		—			—			—			—			—
Construction loans		—			—			—			—			—
Commercial loans		—			—			—			—			—
Consumer		3			16			5			1			6
Leases		69			15			70			55			36
Total		72			31			75			80			42
Net (charge-offs) / recoveries		(1,786	)		(1,580	)		(721	)		(467	)		(620	)
Provision for loan and lease losses		1,591			2,898			1,063			781			854
Balance, end of period	$	10,137		$	10,332		$	9,014		$	8,672		$	8,358
Allowance for loan and lease losses / loans and lease		1.13	%		1.15	%		1.03	%		1.02	%		1.02	%
Allowance for loan and lease losses / nonperforming loans and leases		253.7	%		177.9	%		434.0	%		508.6	%		773.9	%
Net loan and lease charge-offs (annualized)/ average loans
Residential mortgages		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Commercial mortgages		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Construction loans		1.70	%		0.00	%		0.00	%		0.00	%		0.00	%
Commercial loans		0.38	%		0.01	%		0.00	%		0.00	%		0.00	%
Consumer		0.01	%		0.02	%		0.06	%		0.05	%		0.03	%
Leases		9.50	%		10.74	%		5.06	%		3.56	%		5.06	%
Total		0.79	%		0.71	%		0.33	%		0.22	%		0.31	%

7

For the period and period end:	2009 1Q			2008 4Q			2008 3Q			2008 2Q			2008 1Q
Selected ratios (annualized):
Return on average assets		0.92	%		0.35	%		0.83	%		1.24	%		1.23	%
Return on average shareholders' equity		11.54	%		4.23	%		9.55	%		13.65	%		12.83	%
Yield on interest earning assets*		5.37	%		5.63	%		5.94	%		6.05	%		6.46	%
Cost of interest bearing funds		2.15	%		2.42	%		2.47	%		2.58	%		3.14	%
Net interest margin*		3.62	%		3.63	%		3.90	%		3.97	%		3.97	%
Tier 1 leverage ratio		8.10	%		8.03	%		8.76	%		9.70	%		10.23	%
Book value per share	$	10.99		$	10.76		$	10.97		$	10.97		$	10.89
Tangible book value per share	$	9.78		$	9.55		$	10.29		$	10.97		$	10.89
Period end shares outstanding		8,615,296			8,592,259			8,583,377			8,572,277			8,563,402
Selected data:
Mortgage loans originated	$	96,523		$	25,826		$	24,019		$	30,594		$	28,780
Mortgage loans sold—servicing retained	$	93,071		$	10,653		$	5,985		$	12,642		$	14,294
Mortgage loans sold—servicing released	$	1,225		$	5,837		$	7,215		$	10,149		$	11,058
Mortgage loans serviced for others	$	411,493		$	350,199		$	353,833		$	358,802		$	357,734
Brokerage assets (1)	$	78,707		$	75,720		$	86,376		$	88,904		$	87,759
Wealth assets under management / supervision (Lau)		456,909			506,637			615,796			—			—
Wealth assets under management / administration (BMTC)	$	1,421,868		$	1,564,042		$	1,964,149		$	2,105,376		$	2,053,207
Total Wealth assets under management / administration / supervision / brokerage	$	1,957,484		$	2,146,399		$	2,666,321		$	2,194,280		$	2,140,966

* Yield on 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.

Investment Portfolio as of March 31, 2009

($’s in thousands)

SECURITY DESCRIPTION	Amortized Cost	Fair Value	Unrealized Gain /Loss
U. S. government agency securities	7,999	8,121	122
State, county & municipal securities	11,907	11,968	61
FNMA/FHLMC mortgage backed securities	58,470	60,270	1,800
GNMA mortgage backed securities	9,503	9,571	68
Foreign debt securities	1,450	1,450	—
Corporate bonds	15,866	14,811	(1,055	)
Totals	105,195	106,191	996

Note:   Other assets as of March 31, 2009 include approximately $7.9 million of FHLB of Pittsburgh common stock at cost.

8

Capital Ratios

Bryn Mawr Trust Company Consolidated	Regulatory Minimum To Be Well Capitalized		3/31/2009		12/31/2008		9/30/2008		6/30/2008		3/31/2008
Tier I Capital to Risk Weighted Assets (RWA)	6.00	%	8.56	%	8.49	%	9.07	%	9.43	%	9.69	%
Total (Tier II) Capital to RWA	10.00	%	11.01	%	10.98	%	11.46	%	10.32	%	10.59	%
Tier I Leverage Ratio	5.00	%	7.68	%	7.70	%	8.53	%	9.09	%	9.59	%
Bryn Mawr Bank Corporation
Tier I Capital to Risk Weighted Assets (RWA)	6.00	%	8.91	%	8.81	%	9.35	%	10.05	%	10.32	%
Total (Tier II) Capital to RWA	10.00	%	11.36	%	11.29	%	11.72	%	10.94	%	11.22	%
Tier I Leverage Ratio	5.00	%	8.01	%	8.03	%	8.76	%	9.70	%	10.23	%
Common Equity Ratio			8.10	%	8.03	%	8.31	%	8.96	%	9.29	%
Tangible Common Equity Ratio			7.20	%	7.13	%	7.80	%	8.96	%	9.29	%

9

Bryn Mawr Bank Corporation

Consolidated Selected Financial Data (GAAP)

(Dollars in thousands)

March 31, 2009

(unaudited)

Balance Sheet

For the period ended:	Mar 31, 2009			Dec 31, 2008			Sep 30, 2008			Jun 30, 2008			Mar 31, 2008
Assets
Interest bearing deposits with banks	$	30,283		$	45,100		$	11,413		$	621		$	513
Fed funds sold		—			—			6,000			—			10,500
Money market funds		72,433			5,109			10,172			163			161
Investment securities		106,191			108,329			107,048			111,707			96,691
Loans held for sale		2,896			3,024			1,987			2,304			4,496
Portfolio loans:
Consumer		8,396			8,518			8,319			8,574			8,236
Commercial & industrial		237,440			236,469			232,096			228,810			221,125
Commercial mortgages		256,631			249,730			240,996			241,597			224,604
Construction		43,746			58,446			62,299			66,861			67,283
Residential mortgages		124,552			132,536			127,798			114,924			118,117
Home equity lines & loans		165,044			154,576			149,707			138,445			126,159
Leases		57,668			59,302			56,979			54,144			51,241
Total portfolio loans and leases		893,477			899,577			878,194			853,355			816,765
Earning assets		1,105,280			1,061,139			1,014,814			968,150			929,126
Cash and due from banks		9,342			18,776			52,124			25,901			23,043
Allowance for loan and lease losses		(10,137	)		(10,332	)		(9,014	)		(8,672	)		(8,358	)
Bank owned life insurance		—			15,585			15,585			15,684			15,567
Intangible assets		10,476			10,358			5,805			—			—
Other assets		54,856			55,820			53,050			48,189			44,736
Total assets	$	1,169,817		$	1,151,346		$	1,132,364		$	1,049,252		$	1,004,114
Liabilities and shareholders' equity
Interest-bearing checking	$	132,354		$	135,513		$	134,557		$	139,392		$	140,467
Money market		171,986			142,707			137,911			124,431			137,420
Savings		83,834			54,333			67,884			38,157			37,691
IND deposits		29,541			30,185			20,045			3,551			—
Wholesale deposits		86,746			120,761			134,726			140,498			123,775
Time deposits		205,164			211,542			208,890			166,679			179,136
Interest-bearing deposits		709,625			695,041			704,013			612,708			618,489
Non-interest bearing deposits		177,153			174,449			152,304			141,114			138,465
Total deposits		886,778			869,490			856,317			753,822			756,954
Subordinated debt		15,000			15,000			15,000			—			—
Borrowed funds		152,442			154,939			147,414			182,293			110,500
Other liabilities		20,899			19,504			19,511			19,102			43,423
Shareholders' equity		94,698			92,413			94,122			94,035			93,237
Total liabilities and shareholders' equity	$	1,169,817		$	1,151,346		$	1,132,364		$	1,049,252		$	1,004,114
Balance Sheet (average)	2009 1Q			2008 4Q			2008 3Q			2008 2Q			2008 1Q
Assets
Interest bearing deposits with banks	$	29,434		$	45,503		$	5,894		$	2,386		$	5,507
Fed funds sold		2,222			272			11,668			3,200			7,318
Money market funds		40,903			10,713			2,609			162			225
Investment securities		108,413			105,902			110,004			104,983			56,726
Loans held for sale		6,478			2,814			1,994			3,604			4,175
Portfolio loans and leases		897,215			886,793			864,460			836,180			806,410
Earning assets		1,084,665			1,051,997			996,629			950,515			880,361
Cash and due from banks		11,706			13,882			22,418			19,727			22,306
Allowance for loan and lease losses		(10,353	)		(9,085	)		(8,732	)		(8,451	)		(8,179	)
Bank owned life insurance		—			15,585			15,644			15,612			15,474
Intangible assets		10,399			5,824			4,962			—			—
Other assets		58,775			51,677			48,099			45,731			39,434
Total assets	$	1,155,192		$	1,129,880		$	1,079,020		$	1,023,134		$	949,396
Liabilities and shareholders' equity
Interest-bearing checking	$	133,955		$	133,654		$	134,347		$	138,539		$	143,027
Money market		160,372			139,564			127,805			130,222			124,799
Savings		74,590			61,684			51,640			38,472			36,862
IND deposits		29,287			29,339			9,637			1,171			—
Wholesale deposits		103,562			123,905			139,871			140,288			131,505
Time deposits		207,964			213,004			200,707			169,562			195,413
Interest-bearing deposits		709,730			701,150			664,007			618,254			631,606
Non-interest bearing deposits		160,295			143,897			145,686			143,563			142,532
Total deposits		870,025			845,047			809,693			761,817			774,138
Subordinated debt		15,000			15,000			8,607			—			—
Borrowed funds		154,114			156,023			148,815			150,567			66,071
Other liabilities		23,559			19,128			17,964			17,531			18,361
Shareholders' equity		92,494			94,682			93,941			93,228			90,826
Total liabilities and shareholders' equity	$	1,155,192		$	1,129,880		$	1,079,020		$	1,023,143		$	949,396

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

	1st Quarter 2009							4th Quarter 2008							3rd Quarter 2008							2nd Quarter 2008							1st Quarter 2008
(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	$	29,434		$	17	0.23	%	$	45,503		$	62	0.54	%	$	5,894		$	28	1.89	%	$	2,386		$	13	2.19	%	$	5,507		$	42	3.07	%
Federal funds sold		2,222			1	0.18	%		272			1	1.46	%		11,668			57	1.94	%		3,200			18	2.26	%		7,318			60	3.30	%
Money market funds		40,903			82	0.81	%		10,713			8	0.30
Investment securities available for sale:
Taxable		98,240			1,116	4.61	%		98,966			1,193	4.80	%		104,877			1,208	4.58	%		97,360			1,120	4.63	%		49,251			617	5.04	%
Tax-exempt		10,173			107	4.27	%		6,936			85	4.88	%		7,736			93	4.78	%		7,785			94	4.86	%		7,700			93	4.86	%
Investment securities available for sale		108,413			1,223	4.58	%		105,902			1,278	4.80	%		112,613			1,301	4.60	%		105,145			1,214	4.64	%		56,951			710	5.01	%
Loans and leases *		903,693			13,035	5.85	%		889,607			13,551	6.06	%		866,454			13,484	6.19	%		839,784			13,055	6.25	%		810,585			13,321	6.61	%
Total interest earning assets		1,084,665			14,358	5.37	%		1,051,997			14,900	5.63	%		996,629			14,870	5.94	%		950,515			14,300	6.05	%		880,361			14,133	6.46	%
Cash and due from banks		11,706							13,882							22,418							19,727							22,306
Less allowance for loan and lease losses		(10,353	)						(9,085	)						(8,732	)						(8,451	)						(8,179	)
Other assets		69,174							73,086							68,705							61,352							54,908
Total assets	$	1,155,192						$	1,129,880						$	1,079,020						$	1,023,143						$	949,396
Liabilities:
Savings, NOW and market rate deposits	$	368,917		$	816	0.90	%	$	334,902		$	932	1.11	%	$	313,792		$	860	1.09	%	$	307,233		$	794	1.04	%	$	304,688		$	1,057	1.40	%
IND deposits		29,287			28	0.39	%		29,339			53	0.72	%		9,637			51	2.11	%		1,171			6	2.06	%
Wholesale deposits		103,562			785	3.07	%		123,905			1,016	3.26	%		139,871			1,253	3.56	%		140,288			1,585	4.54	%		131,505			1,646	5.03	%
Time deposits		207,964			1,554	3.03	%		213,004			1,725	3.22	%		200,707			1,598	3.17	%		169,562			1,353	3.21	%		195,413			2,115	4.35	%
Total interest-bearing deposits		709,730			3,183	1.82	%		701,150			3,726	2.11	%		664,007			3,762	2.25	%		618,254			3,738	2.43	%		631,606			4,818	3.07	%
Subordinated debt		15,000			221	5.98	%		15,000			257	6.82	%		8,607			151	6.98	%		—			—	—
Borrowed funds		154,114			1,263	3.32	%		156,023			1,324	3.38	%		148,815			1,194	3.19	%		150,567			1,191	3.18	%		66,071			636	3.87	%
Total interest-bearing liabilities		878,844			4,667	2.15	%		872,173			5,307	2.42	%		821,429			5,107	2.47	%		768,821			4,929	2.58	%		697,677			5,454	3.14	%
Noninterest-bearing deposits		160,295							143,897							145,686							143,563							142,532
Other liabilities		23,559							19,128							17,964							17,531							18,361
Total noninterest-bearing liabilities		183,854							163,025							163,650							161,094							160,893
Total liabilities		1,062,698							1,035,198							985,079							929,915							858,570
Shareholders' equity		92,494							94,682							93,941							93,228							90,826
Total liabilities and shareholders' equity	$	1,155,192						$	1,129,880						$	1,079,020						$	1,023,143						$	949,396
Interest income to earning assets						5.37	%						5.63	%						5.94	%						6.05	%						6.46	%
Net interest spread						3.22							3.21							3.47							3.47							3.32
Effect of noninterest-bearing sources						0.40							0.42							0.43							0.50							0.65
Net interest income/ margin on earning assets				$	9,691	3.62	%				$	9,593	3.63	%				$	9,763	3.90	%				$	9,371	3.97	%				$	8,679	3.97	%
Tax equivalent adjustment				$	65	0.02	%				$	62	0.03	%				$	68	0.03	%				$	68	0.03	%				$	71	0.03	%

* 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.

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