BRYN MAWR BANK CORP - 10-K filing on 2017-03-10

Note 18 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Notes Tables

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		December 31,
(dollars in thousands)		2016				2015
Deferred tax assets:
Loan and lease loss reserve		$	6,492			$	5,872
Other reserves			3,611				5,509
Net operating loss carry-forward			471				927
Alternative minimum tax credits			567				567
Unrealized depreciation of available for sale securities			663				—
Defined benefit plans			2,068				1,851
Total deferred tax asset			13,872				14,726
Deferred tax liabilities:
Other reserves			52				461
Originated MSRs			1,969				1,800
Amortizing fair value adjustments			1,336				911
Unrealized appreciation of available for sale securities			—				417
Total deferred tax liability			3,357				3,589
Total net deferred tax asset		$	10,515			$	11,137

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

(dollars in thousands)		2016				2015				2014
Current		$	16,492			$	12,006			$	12,655
Deferred			1,676				(2,834	)			2,350
Total		$	18,168			$	9,172			$	15,005

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

(dollars in thousands)		2016				Tax Rate				2015				Tax Rate				2014				Tax Rate
Computed tax expense at statutory federal rate		$	18,972				35.0	%		$	9,074				35.0	%		$	14,997				35.0	%
Tax-exempt income			(758	)			(1.4	)			(622	)			(2.4	)			(401	)			(0.9	)
State tax (net of federal tax benefit)			425				0.8				299				1.2				215				0.5
Non-deductible merger expense			—				—				105				0.4				105				0.2
Excess tax benefit – stock based compensation			(565	)			(1.0	)			—				—				—				—
Other, net			94				0.1				316				1.2				89				0.2
Total income tax expense		$	18,168				33.5	%		$	9,172				35.4	%		$	15,005				35.0	%