Bryn Mawr Bank Corporation Reports Increase in Second Quarter Diluted EPS and Net Income Quarterly Dividend Increased 7.7%

The Corporation reported second quarter 2008 diluted earnings per share of $0.37 and net income of $3.2 million compared to diluted earnings per share of $0.36 and net income of $3.1 million in the same period last year. Results in the quarter reflect an increase in net interest income from continued growth in the Bank's loan and lease portfolio and stabilization of the net interest margin offset by a higher provision for loan and lease losses and a rise in non-interest expenses partially attributable to the Corporation's new growth initiatives.

Ted Peters, Chairman and Chief Executive Officer, said, "We continue to experience strong growth in our loan and lease portfolio, which was up 15.4% from a year ago, and have seen our net interest margin stabilize during the first half of 2008. We have achieved this growth while maintaining credit quality as the charge-off rate for the quarter was down from the first quarter, although up from the second quarter of last year when our leasing portfolio was significantly smaller. Performance of our loan and lease portfolio reflects historically high credit quality of our traditional borrowers and the effect of repositioning of our credit standards around our leasing portfolio due to economic conditions, which began in the third quarter of 2007. Though our fee-based business is growing slower, the acquisition of JNJ Holdings, LLC; Lau Associates, LLC; and Lau Professional Services, LLC ("Lau Associates") in the third quarter should add incremental non-interest income going forward."

Additionally, Mr. Peters stated, "I am also pleased to announce that your Board of Directors has declared a 7.7% increase in the quarterly dividend as an expression of their confidence in your Bank. Consistent with the growth strategy previously articulated, on July 15, 2007 we purchased Lau Associates, a nationally-recognized provider of family office services with approximately $603 million in assets under management and $156 million in assets under supervision as of December 31, 2007. These assets under management and supervision, if combined with the June 30, 2008 Wealth assets under management, administration and brokerage of $2.2 billion, on a pro-forma basis, result in total Wealth assets under management, administration, supervision and brokerage for the corporation of approximately $3 billion. The acquisition should be immediately accretive. Additionally, we also secured Delaware trust powers and intend to begin those operations later this quarter. We will also be opening our Chester County regional banking office in the fourth quarter, which together with the renovations recently completed at our Wayne branch, will provide us with two essentially new retail banking locations in affluent communities."

The net interest margin for the second quarter of 2008 was 3.97%, unchanged from 3.97% in the first quarter of 2008 and consistent with the Corporation's objective to stabilize margins through active balance sheet management. The net interest margin was down from 4.49% in the second quarter of 2007. Return on average equity (ROE) and return on average assets (ROA) for the quarter ended June 30, 2008 were 13.65% and 1.24%, respectively. ROE was 14.66% and ROA was 1.49% for the same period last year. ROE was 12.83% and ROA was 1.23% for the first quarter of this year.

Total portfolio loans and leases at June 30, 2008 were $853.4 million, an increase of $113.7 million or 15.4% from $739.7 million at June 30, 2007. Growth in the loan portfolio compared to a year ago was broad based, led by a nearly 25% increase in home equity loans and lines, a nearly 20% increase in commercial and industrial loans, as well as increases in commercial and residential mortgages. This growth was centered mostly with existing customers and prospects in our immediate service area. The total loan and lease portfolio increased $36.6 million or 4.5% from March 31, 2008. Lease balances of $54.1 million at June 30, 2008 comprise 6.3% of total quarter end portfolio loans and leases, up from 3.9% of total portfolio loans and leases at June 30, 2007. At 6.3%, the proportion of leases to total loans and leases is unchanged from March 31, 2008.

Net charge-offs for the second quarter of 2008 were 0.23% of average loans, down from 0.31% in the first quarter of 2008. Total nonperforming loans and leases at June 30, 2008 of $1.9 million were 0.20% of period end loans and leases, up from $1.1 million or 0.13% at March 31, 2008 and up from 0.09% at June 30, 2007. The provision for loan and lease losses in the current quarter was $781 thousand, up from $240 thousand in the second quarter of 2007, but down from $854 thousand in the first quarter of 2008. A majority of the changes in the provision, net charge-offs, and nonperforming loans and leases are primarily attributable to the Company's higher yielding lease portfolio. While lease charge-offs were higher than anticipated, they are substantially offset by their positive impact on the Company's net interest income. The allowance for loan and lease losses of $8.7 million represents 1.02% of loans and leases compared to an allowance for loan and lease losses of $8.4 million or 1.02% of loans and leases at March 31, 2008. At June 30, 2007 the allowance for loan and lease losses was $8.6 million or 1.16% of total portfolio loans and leases outstanding.

During the second quarter of 2008, the Corporation increased its investment securities portfolio by $15.0 million to $111.9 million from $96.9 million at the end of the first quarter as part of an overall liquidity plan. The increase in the investment securities portfolio together with the strong growth in total portfolio loans and leases increased average quarterly earning assets by 23.7% to $950.5 million in the second quarter of 2008 from $768.2 million in the second quarter of 2007.

The second quarter of 2008 marked a second consecutive quarter of growth in interest bearing checking, money market and savings account balances, as second quarter average balances rose to $307.2 million from $304.7 million in the first quarter of 2008. Average second quarter 2008 non-interest bearing balances of $143.6 million are up from first quarter 2008 average balances of $142.5 million.

Wholesale funding, which is defined as wholesale deposits (primarily certificates of deposit) and borrowed funds, of $326.3 million at June 30, 2008 was up $92.1 million from March 31, 2008 balances of $234.3 million, primarily due to the increase in the loan and investment portfolios discussed earlier. Wholesale funding as a percentage of total funding was 34.9% at June 30, 2008 compared to 27.0% at March 31, 2008.

The tax equivalent net interest margin was 3.97% in the 2nd quarter of 2008, unchanged from 3.97% in the first quarter of 2008, but down from 4.49% in the second quarter of 2007. Earning asset yields declined 41 basis points from 6.46% in the first quarter of 2008 to 6.05% in the second quarter due to the addition of lower yielding securities (when compared to loans) and the impact of the last few Federal Reserve interest rate adjustments. At the same time, total funding costs declined 56 basis points from 3.14% in the first quarter of 2008 to 2.58% in the second quarter. The higher volume of interest earning assets compared to interest bearing liabilities accounts for the 15 basis point differential between the earning asset yield decline and the interest bearing liability yield decline. The decrease in the margin to 3.97% in the second quarter of 2008 from 4.49% in the same quarter of last year is primarily due to the $182 million or 23.7% increase in average interest earning assets that were primarily funded with higher cost wholesale funds.

Tax equivalent net interest income increased $692 thousand to $9.4 million in the second quarter of 2008 from $8.7 million in the first quarter of 2008 as well as from $8.6 million in the second quarter of 2007. The increase in tax equivalent net interest income was attributable to the significant increase in average interest earning assets and a stabilization of the Company's net interest margin.

Non-interest income for the second quarter of 2008 was $5.2 million, an increase of $168 thousand over the $5.1 million in the second quarter of 2007, primarily due to an increase of early lease terminations in other income, an increase in the net gain on sale of loans, and an increase in service charges on deposits. Non-interest income in the second quarter of 2008 was down $398 thousand or 7.1%, compared to the first quarter of 2008 as the first quarter benefited from a net gain on sale of investments and interest rate floor income. Second quarter 2008 wealth management revenue was $3.3 million, essentially flat with the first quarter 2008 and down year-over-year reflecting lower stock market levels, and the loss of a significant institutional client due to a business acquisition in the fourth quarter of 2007. The Lau Associates acquisition that closed on July 15, 2008 should benefit wealth management revenues over the balance of the year.

Non-interest expense for the second quarter of 2008 was $9.0 million, an increase of $250 thousand or 2.9% over $8.8 million in the second quarter of 2007, partially due to the additional salaries and wages associated with the new growth initiatives. Second quarter non-interest expenses were marginally lower than in the first quarter of the year. The changes in the Corporation's qualified and non-qualified retirement plans, which were effective March 31, 2008, reduced non-interest expenses in the second quarter compared to both the first quarter of this year as well as the second quarter a year ago.

SIX MONTH RESULTS

The Corporation reported six month 2008 net income of $6.1 million or $0.71 diluted earnings per share, down from net income of $7.1 million or $0.81 diluted earnings per share for the first six months of 2007. Net income for the first half of 2007, excluding a gain on the sale of real estate related to the first quarter 2007 sale of the Corporation's Wynnewood Branch, was $6.2 million or $0.71 per diluted share.

Return on average equity (ROE) and return on average assets (ROA) for the six months ended June 30, 2008 were 13.25% and 1.24 %, respectively, compared to 16.95% (14.87% excluding the real estate gain) and 1.76% (1.54% excluding the real estate gain), respectively, for the same period last year. The tax equivalent net interest margin for the first six months of 2008 was 3.97% compared to 4.57% in the same period last year.

Non-interest income in the first half of the year was $10.9 million, down approximately $348 thousand compared to first half of 2007. Non-interest income for the six month period ended June 30, 2008, excluding the $1.3 million 2007 gain on sale of real estate, was up $985 thousand from the first half of last year. Other operating income, BOLI income, the net gain on the sale of loans, and service charges on deposits were up in the first half of 2008. First half 2008 non-interest income also included income from the settlement of an interest rate floor contract and from the sale of investments, which the Corporation did not have in the first half of 2007.

For the six month period ended June 30, 2008, non-interest expense was $18.1 million, up $894 thousand or 5.2% compared to the six month period ended June 30, 2007. The increase in non-interest expense is primarily the result of the increase in salaries and wages associated with the new growth initiatives, partially offset by a reduction in professional fees and lower advertising expense.

CAPITAL AND DIVIDENDS

The Corporation and the Bank are "well capitalized" under applicable regulatory risk based capital requirements.

The quarterly dividend increase of $0.01 per share from $0.13 to $0.14 per share is payable September 1, 2008 to shareholders of record as of August 6, 2008.

EARNINGS CONFERENCE CALL

As previously announced, the Corporation will hold an earnings conference call at 5:00 p.m. EDT on Thursday, July 24, 2008. Interested parties may participate by calling 888-694-4641 at 4:55 p.m. EDT and referencing conference PIN # 53962580. A taped replay of the conference call will be available within two hours of the conclusion of the call and will remain available through Sunday, August 24, 2008. The number to call for the taped replay is 800-642-1687 and the conference PIN # is 53962580.

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 at http://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.

NON-GAAP MEASURES

This release contains 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 the Corporation's financial statements presented in accordance with GAAP, we report certain key financial measurements without the impact of a material real estate transaction.

The Corporation's 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).

The Corporation's 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.

FORWARD-LOOKING STATEMENTS

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.

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 2008 2007 $ % --------- -------- --------- -------- As reported (GAAP) $ 2,898 $ 3,976 ($1,078) (27.1)% Non-GAAP adjustment (1) - (866) 866 20.3% --------- -------- --------- -------- Adjusted (Non-GAAP) $ 2,898 $ 3,110 ($212) (6.8%) ========= ======== ================== Diluted Earnings Per Share Change 2008 2007 $ % --------- -------- --------- -------- As reported (GAAP) $ 0.34 $ 0.46 ($0.12) (26.1%) Non-GAAP adjustment (1) - (0.10) 0.10 20.5% --------- -------- --------- -------- Adjusted (Non-GAAP) $ 0.34 $ 0.36 ($0.02) (5.6)% ========= ======== ================== Six Month Period Ended June 30, Net Income Change 2008 2007 $ % --------- -------- --------- -------- As reported (GAAP) $ 6,063 $ 7,067 ($1,004) (14.2%) Non-GAAP adjustment (1) - (866) 866 11.9% Adjusted (Non-GAAP) $ 6,063 $ 6,201 ($138) (2.3%) Diluted earnings per share Change 2008 2007 $ % --------- -------- --------- -------- As reported (GAAP) $ 0.71 $ 0.81 ($0.10) (12.3%) Non-GAAP adjustment (1) $ 0.00 ($0.10) $ 0.10 12.0% Adjusted (Non-GAAP) $ 0.71 $ 0.71 $ 0.00 (0.0%) Three Month Period Ended March 31, Non-interest income Change 2008 2007 $ % -------- ---------- -------- ------- As reported (GAAP) $ 5,630 $ 6,146 ($516) (8.4%) Non-GAAP adjustment (1) - (1,333) 1,333 25.4% -------- ---------- -------- ------- Adjusted (Non-GAAP) $ 5,630 $ 4,813 $ 817 17.0% ======== ========== ================ ROE ROA 2008 2007 2008 2007 -------- ---------- -------- ------- As reported (GAAP) 12.83% 19.43% 1.23% 2.03% Non-GAAP adjustment (1) 0.00% (4.21%) 0.00% (0.44%) -------- ---------- -------- ------- Adjusted (Non-GAAP) 12.83% 15.22% 1.23% 1.59% ======== ========== ================ Six Month Period Ended June 30, Non-interest income Change 2008 2007 $ % -------- ---------- -------- ------- As reported (GAAP) $10,862 $ 11,210 ($348) (3.1%) Non-GAAP adjustment (1) $ 0 ($1,333) 1,333 13.1% Adjusted (Non-GAAP) $10,862 $ 9,877 $ 985 10.0% ROE ROA 2008 2007 2008 2007 -------- ---------- -------- ------- As reported (GAAP) 13.25% 16.95% 1.24% 1.76% Non-GAAP adjustment (1) 0.00% (2.08%) (0.00%) (0.22%) Adjusted (Non-GAAP) 13.25% 14.87% 1.24% 1.54%

1) The Corporation uses this non-GAAP (Generally Accepted Accounting Principles) 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.

Bryn Mawr Bank Corporation Consolidated Selected Financial Data (GAAP) (Dollars in thousands, except per share data) June 30, 2008 (unaudited) For The Three Months Ended June 30, Mar 31, Dec 31, 2008 2008 2007 ----------- ----------- ----------- Interest income $ 14,232 $ 14,062 $ 14,300 Interest expense 4,929 5,454 5,647 ----------- ----------- ----------- Net interest income 9,303 8,608 8,653 Provision for loan and lease losses 781 854 401 ----------- ----------- ----------- Net interest income after provision for loan and lease losses 8,522 7,754 8,252 Fees for wealth management services 3,291 3,312 3,482 Loan servicing and late fees 305 310 282 Service charges on deposits 429 392 385 Net gain on sale of OREO - - - Net gain on sale of loans 363 332 353 Net gain on sale of investments - 222 - BOLI income 117 143 165 Interest rate floor income - 268 109 Other operating income 727 651 624 ----------- ----------- ----------- Noninterest income 5,232 5,630 5,400 Salaries and wages 4,532 4,479 4,551 Employee benefits 947 1,332 1,214 Occupancy and bank premises 715 750 725 Furniture fixtures and equipment 565 549 536 Advertising 222 272 118 Amortization of mortgage servicing rights 89 125 91 Professional fees 364 319 372 Other expenses 1,569 1,253 1,384 ----------- ----------- ----------- Noninterest expense 9,003 9,079 8,991 Income before income taxes 4,751 4,305 4,661 Income tax expense 1,586 1,407 1,583 ----------- ----------- ----------- Net income $ 3,165 $ 2,898 $ 3,078 =========== =========== =========== Per share data: Weighted average shares outstanding 8,571,143 8,534,467 8,522,325 Dilutive potential common shares 31,836 28,413 64,609 ----------- ----------- ----------- Adjusted weighted average dilutive shares 8,602,979 8,562,880 8,586,934 =========== =========== =========== Basic earnings per common share $ 0.37 $ 0.34 $ 0.36 Diluted earnings per common share $ 0.37 $ 0.34 $ 0.36 Dividend declared per share $ 0.13 $ 0.13 $ 0.13 Effective tax rate 33.4% 32.7% 34.0% Sep 30, Jun 30, 2007 2007 ----------- ----------- Interest income $ 14,147 $ 13,250 Interest expense 5,448 4,736 ----------- ----------- Net interest income 8,699 8,514 Provision for loan and lease losses - 240 ----------- ----------- Net interest income after provision for loan and lease losses 8,699 8,274 Fees for wealth management services 3,310 3,423 Loan servicing and late fees 276 277 Service charges on deposits 363 356 Net gain on sale of OREO - 110 Net gain on sale of loans 358 259 Net gain on sale of investments - - BOLI income 175 84 Interest rate floor income 46 - Other operating income 643 555 ----------- ----------- Noninterest income 5,171 5,064 Salaries and wages 4,536 3,981 Employee benefits 1,056 1,057 Occupancy and bank premises 739 712 Furniture fixtures and equipment 522 513 Advertising 237 355 Amortization of mortgage servicing rights 88 77 Professional fees 342 470 Other expenses 1,260 1,588 ----------- ----------- Noninterest expense 8,780 8,753 Income before income taxes 5,090 4,585 Income tax expense 1,635 1,494 ----------- ----------- Net income $ 3,455 $ 3,091 =========== =========== Per share data: Weighted average shares outstanding 8,520,843 8,542,066 Dilutive potential common shares 76,385 112,040 ----------- ----------- Adjusted weighted average dilutive shares 8,597,228 8,654,106 =========== =========== Basic earnings per common share $ 0.41 $ 0.36 Diluted earnings per common share $ 0.40 $ 0.36 Dividend declared per share $ 0.13 $ 0.12 Effective tax rate 32.1% 32.6%

Bryn Mawr Bank Corporation Consolidated Selected Financial Data (GAAP) (Dollars in thousands, except per share data) June 30, 2008 (unaudited) For The Six Months Ended June 30, June 30, 2008 2007 ------------ ----------- Interest income $ 28,294 $ 25,771 Interest expense 10,383 8,881 ------------ ----------- Net interest income 17,911 16,890 Provision for loan and lease losses 1,635 490 ------------ ----------- Net interest income after provision for loan and lease losses 16,276 16,400 Fees for wealth management services 6,603 6,710 Loan servicing and late fees 615 557 Service charges on deposits 821 716 Gain on sale of real estate - 1,333 Net gain on sale of OREO - 110 Net gain on sale of loans 695 539 Net gain on sale of investments 222 - BOLI income 260 84 Interest rate floor income 268 - Other operating income 1,378 1,161 ------------ ----------- Noninterest income 10,862 11,210 Salaries and wages 9,011 8,029 Employee benefits 2,279 2,278 Occupancy and bank premises 1,465 1,398 Furniture fixtures and equipment 1,114 1,020 Advertising 494 671 Amortization of mortgage servicing rights 214 169 Professional fees 683 871 Other expenses 2,822 2,752 ------------ ----------- Noninterest expense 18,082 17,188 Income before income taxes 9,056 10,422 Income tax expense 2,993 3,355 ------------ ----------- Net income $ 6,063 $ 7,067 ============ =========== Per share data: Weighted average shares outstanding 8,552,805 8,558,527 Dilutive potential common shares 30,125 116,727 ------------ ----------- Adjusted weighted average shares 8,582,930 8,675,254 ============ Basic earnings per common share $ 0.71 $ 0.83 Diluted earnings per common share $ 0.71 $ 0.81 Dividend declared per share $ 0.26 $ 0.24 Effective tax rate 33.0% 32.2%

Bryn Mawr Bank Corporation Consolidated Selected Financial Data (GAAP) (Dollars in thousands, except per share data) June 30, 2008 (unaudited) For the period end: 2008 2008 2007 2Q 1Q 4Q Asset Quality Data Nonaccrual loans and leases $ 1,697 $ 1,065 $ 747 90 + days past due loans and leases 8 15 1,263 ----------- ----------- ------------ Nonperforming loans and leases 1,705 1,080 2,010 Other nonperforming assets 155 64 - Nonperforming assets $ 1,860 $ 1,144 $ 2,010 =========== =========== ============ Allowance for loan and lease losses $ 8,672 $ 8,358 $ 8,124 Allowance for loan and lease losses / loans and leases 1.02% 1.02% 1.01% Allowance for loan and lease losses / nonperforming loans and leases 509% 774% 404% Nonperforming loans and leases / portfolio loans 0.20% 0.13% 0.25% Nonperforming assets / assets 0.18% 0.11% 0.20% Net loan and lease charge-offs 467 620 569 Net loan and lease charge-offs (annualized) / average loans 0.23% 0.31% 0.31% For the period and period end: 2008 2008 2007 2Q 1Q 4Q Selected ratios (annualized): Return on average assets 1.24% 1.23% 1.34% Return on average shareholders' equity 13.65% 12.83% 13.73% Yield on interest earning assets* 6.05% 6.46% 6.77% Cost of interest bearing funds 2.58% 3.14% 3.43% Net interest margin* 3.97% 3.97% 4.11% Tier 1 leverage ratio 9.70% 10.23% 10.42% Book value per share $ 10.97 $ 10.89 $ 10.60 Tangible book value per share $ 10.97 $ 10.89 $ 10.60 Period end shares outstanding 8,571,277 8,563,402 8,526,084 Selected data: Mortgage loans originated $ 31,594 $ 28,780 $ 34,565 Mortgage loans sold - servicing retained $ 12,642 $ 14,294 $ 8,583 Mortgage loans sold - servicing released $ 10,149 $ 11,058 $ 12,852 Mortgage loans serviced for others $ 358,802 $ 357,734 $ 357,363 Brokerage assets (1) $ 88,904 $ 87,759 $ 85,338 Assets under management - other Institutions - - - Wealth assets under management / administration $2,105,376 $2,053,207 $2,191,753 ----------- ----------- ------------ Total Wealth assets under management / administration / brokerage $2,194,280 $2,140,966 $2,277,091 =========== =========== ============ 2008 Year-to- date Selected ratios (annualized): Return on average assets 1.24% Return on average shareholders' equity 13.25% Yield on interest earning assets* 6.25% Cost of interest bearing funds 2.85% Net interest margin* 3.97% Mortgage loans originated $ 60,374 Mortgage loans sold - servicing retained $ 26,936 Mortgage loans sold - servicing released $ 21,207 For the period end: 2007 2007 3Q 2Q Asset Quality Data Nonaccrual loans and leases $ 852 $ 654 90 + days past due loans and leases 4 41 ----------- ----------- Nonperforming loans and leases 856 695 Other nonperforming assets - - Nonperforming assets $ 856 $ 695 =========== =========== Allowance for loan and lease losses $ 8,292 $ 8,605 Allowance for loan and lease losses / loans and leases 1.07% 1.16% Allowance for loan and lease losses / nonperforming loans and leases 969% 1,238% Nonperforming loans and leases / portfolio loans 0.11% 0.09% Nonperforming assets / assets 0.10% 0.08% Net loan and lease charge-offs 313 1 Net loan and lease charge-offs (annualized) / average loans 0.17% 0.00% For the period and period end: 2007 2007 3Q 2Q Selected ratios (annualized): Return on average assets 1.56% 1.49% Return on average shareholders' equity 15.90% 14.66% Yield on interest earning assets* 6.95% 6.97% Cost of interest bearing funds 3.44% 3.27% Net interest margin* 4.29% 4.49% Tier 1 leverage ratio 10.55% 10.95% Book value per share $ 10.43 $ 10.11 Tangible book value per share $ 10.43 $ 10.11 Period end shares outstanding 8,518,634 8,532,580 Selected data: Mortgage loans originated $ 37,285 $ 27,490 Mortgage loans sold - servicing retained $ 7,588 $ 3,298 Mortgage loans sold - servicing released $ 17,249 $ 19,521 Mortgage loans serviced for others $ 364,684 $ 367,087 Brokerage assets (1) $ 95,357 $ 85,003 Assets under management - other Institutions 423,301 419,819 Wealth assets under management / administration $2,251,951 $2,212,514 ----------- ----------- Total Wealth assets under management / administration / brokerage $2,770,609 $2,717,336 =========== =========== 2007 Year-to- date Selected ratios (annualized): Return on average assets 1.76% Return on average shareholders' equity 16.95% Yield on interest earning assets* 6.95% Cost of interest bearing funds 3.18% Net interest margin* 4.57% Mortgage loans originated $ 55,761 Mortgage loans sold - servicing retained $ 8,129 Mortgage loans sold - servicing released $ 34,365

* 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.

Bryn Mawr Bank Corporation Consolidated Selected Financial Data (GAAP) (Dollars in thousands) June 30, 2008 (unaudited) Balance Sheet For the period Jun 30, Mar 31, Dec 31, Sep 30, Jun 30, ended: 2008 2008 2007 2007 2007 ----------- ----------- ----------- --------- --------- Assets Interest bearing deposits with banks $ 621 $ 513 $ 1,209 $ 1,002 $ 520 Fed funds sold - 10,500 17,000 - 2,500 Investment securities 111,870 96,852 48,402 43,720 44,817 Loans held for sale 2,304 4,496 5,125 5,757 6,535 Portfolio loans: Consumer 8,574 8,236 7,990 8,354 7,827 Commercial & industrial 228,810 221,125 213,834 209,516 191,484 Commercial mortgages 241,597 224,604 224,510 221,296 224,696 Construction 66,861 67,283 66,901 70,509 70,209 Residential mortgages 114,924 118,117 121,313 113,705 105,441 Home equity lines & loans 138,445 126,159 123,293 114,298 111,079 Leases 54,144 51,241 45,084 37,545 28,924 ----------- ----------- ----------- --------- --------- Total portfolio loans and leases 853,355 816,765 802,925 775,223 739,660 Earning assets 968,150 929,126 874,661 825,702 794,032 Cash and due from 25,901 23,043 76,965 21,330 22,533 Allowance for loan and lease losses (8,672) (8,358) (8,124) (8,292) (8,605) Other assets 63,873 60,303 58,594 56,125 56,767 ----------- ----------- ----------- --------- --------- Total assets $1,049,252 $1,004,114 $1,002,096 $894,865 $864,727 =========== =========== =========== ========= ========= Liabilities and shareholders' equity Interest- bearing checking $ 139,392 $ 140,467 $ 137,486 $123,913 $126,988 Money market 124,431 137,420 114,310 114,572 101,613 Savings 38,157 37,691 36,181 36,121 38,009 Wholesale deposits 144,049 123,775 129,820 114,565 121,750 Time deposits 166,679 179,136 203,462 194,199 186,045 ----------- ----------- ----------- --------- --------- Interest- bearing deposits 612,708 618,489 621,259 583,370 574,405 Non-interest bearing deposits 141,114 138,465 228,269 138,254 154,238 ----------- ----------- ----------- --------- --------- Total deposits 753,822 756,954 849,528 721,624 728,643 Borrowed funds 182,293 110,500 45,000 68,500 35,100 Other liabilities 19,102 43,423 17,217 16,176 15,018 Shareholders' equity 94,035 93,237 90,351 88,565 85,966 ----------- ----------- ----------- --------- --------- Total liabilities and shareholders' equity $1,049,252 $1,004,114 $1,002,096 $894,865 $864,727 =========== =========== =========== ========= ========= Balance Sheet (average) 2008 2008 2007 2007 2007 2Q 1Q 4Q 3Q 2Q ----------- ----------- ----------- --------- --------- Assets Interest bearing deposits with banks $ 2,386 $ 5,507 $ 1,764 $ 3,172 $ 568 Fed funds sold 3,200 7,318 5,438 4,884 1,019 Investment securities 105,145 56,951 42,450 44,074 45,394 Loans held for sale 3,604 4,175 4,820 5,465 4,489 Portfolio loans and leases 836,180 806,410 787,059 754,249 716,734 ----------- ----------- ----------- --------- --------- Earning assets 950,515 880,361 841,531 811,844 768,204 Cash and due from 19,727 22,306 21,231 22,306 22,299 Allowance for loan and lease losses (8,451) (8,179) (8,347) (8,712) (8,537) Other assets 61,352 54,908 54,450 54,231 47,617 ----------- ----------- ----------- --------- --------- Total assets $1,023,143 $ 949,396 $ 908,865 $879,669 $829,583 =========== =========== =========== ========= ========= Liabilities and shareholders' equity Interest- bearing checking $ 138,539 $ 143,027 $ 130,161 $132,180 $131,893 Money market 130,222 124,799 120,298 108,437 104,812 Savings 38,472 36,862 35,952 37,278 39,072 Wholesale deposits 141,459 131,505 132,439 120,222 83,664 Time deposits 169,562 195,413 190,016 192,999 173,279 ----------- ----------- ----------- --------- --------- Interest- bearing deposits 618,254 631,606 608,866 591,116 532,720 Non-interest bearing deposits 143,563 142,532 148,717 148,858 148,105 ----------- ----------- ----------- --------- --------- Total deposits 761,817 774,138 757,583 739,974 680,825 Borrowed funds 150,567 66,071 44,592 37,319 47,720 Other liabilities 17,531 18,361 17,714 16,205 16,489 Shareholders' equity 93,228 90,826 88,976 86,171 84,549 ----------- ----------- ----------- --------- --------- Total liabilities and shareholders' equity $1,023,143 $ 949,396 $ 908,865 $879,669 $829,583 =========== =========== =========== ========= =========

Bryn Mawr Bank Corporation Consolidated Selected Financial Data (GAAP) (Dollars in thousands) June 30, 2008 (unaudited) Balance Sheet (average) 2008 2007 Year-to-date Year-to-date ------------ ------------ Assets Interest bearing deposits with banks $ 3,947 $ 528 Fed funds sold 5,259 1,804 Investment securities 81,048 46,205 Loans held for sale 3,889 4,675 Portfolio loans and leases 821,295 700,335 ------------ ------------ Earning assets 915,438 753,547 Cash and due from 21,017 23,527 Allowance for loan and lease losses (8,315) (8,396) Other assets 58,121 43,012 ------------ ------------ Total assets $986,261 $811,690 ============ ============ Liabilities and shareholders' equity Interest-bearing checking $140,783 $132,569 Money market 127,511 106,386 Savings 37,666 39,604 Wholesale deposits 136,482 57,763 Time deposits 182,488 182,507 ------------ ------------ Interest-bearing deposits 624,930 518,829 Non-interest bearing deposits 143,048 148,759 ------------ ------------ Total deposits 767,978 667,588 Borrowed funds 108,319 44,062 Other liabilities 17,937 16,274 Shareholders' equity 92,027 83,766 ------------ ------------ Total liabilities and shareholders' equity $986,261 $811,690 ============ ============

Quarterly Average Balances and Tax Equivalent Income and Expense and Tax Equivalent Yields -------------------------------------------------- 2nd Quarter 2008 Average Interest Rates Average Income/ Earned/ (dollars in thousands) Balance Expense Paid Assets: Interest-bearing deposits with other banks $ 2,386 $ 13 2.19% Federal funds sold 3,200 18 2.26% Investment securities available for sale: Taxable 97,360 1,120 4.63% Tax-exempt 7,785 94 4.86% -------------------- Investment securities available for sale 105,145 1,214 4.64% Loans and leases * 839,784 13,055 6.25% -------------------- Total interest earning assets 950,515 14,300 6.05% Cash and due from banks 19,727 Less allowance for loan and lease losses (8,451) Other assets 61,352 ----------- Total assets $1,023,143 =========== Liabilities: Savings, NOW and market rate deposits $ 307,233 $ 794 1.04% Wholesale deposits 141,459 1,591 4.52% Time deposits 169,562 1,353 3.21% -------------------- Total interest-bearing deposits 618,254 3,738 2.43% Borrowed funds 150,567 1,191 3.18% -------------------- Total interest-bearing liabilities 768,821 4,929 2.58% Noninterest-bearing deposits 143,563 Other liabilities 17,531 ----------- Total noninterest-bearing liabilities 161,094 Total liabilities 929,915 Shareholders' equity 93,228 ----------- Total liabilities and shareholders' equity $1,023,143 ----------- Interest income to earning assets 6.05% Net interest spread 3.47 Effect of noninterest-bearing sources 0.50 -------- -------- Net interest income/ margin on earning assets $ 9,371 3.97% ================= Tax equivalent adjustment $ 68 0.03% ------------------------------ 1st Quarter 2008 Average Interest Rates Average Income/ Earned/ (dollars in thousands) Balance Expense Paid Assets: Interest-bearing deposits with other banks $ 5,507 $ 42 3.07% Federal funds sold 7,318 60 3.30% Investment securities available for sale: Taxable 49,251 617 5.04% Tax-exempt 7,700 93 4.86% -------------------- Investment securities available for sale 56,951 710 5.01% Loans and leases * 810,585 13,321 6.61% -------------------- Total interest earning assets 880,361 14,133 6.46% Cash and due from banks 22,306 Less allowance for loan and lease losses (8,179) Other assets 54,908 ----------- Total assets $ 949,396 =========== Liabilities: Savings, NOW and market rate deposits $ 304,688 $ 1,057 1.40% Wholesale deposits 131,505 1,646 5.03% Time deposits 195,413 2,115 4.35% -------------------- Total interest-bearing deposits 631,606 4,818 3.07% Borrowed funds 66,071 636 3.87% -------------------- Total interest-bearing liabilities 697,677 5,454 3.14% Noninterest-bearing deposits 142,532 Other liabilities 18,361 ----------- Total noninterest-bearing liabilities 160,893 Total liabilities 858,570 Shareholders' equity 90,826 ----------- Total liabilities and shareholders' equity $ 949,396 ----------- Interest income to earning assets 6.46% Net interest spread 3.32 Effect of noninterest-bearing sources 0.65 -------- -------- Net interest income/ margin on earning assets $ 8,679 3.97% ================= Tax equivalent adjustment $ 71 0.03% ------------------------------- 4th Quarter 2007 Average Interest Rates Average Income/ Earned/ (dollars in thousands) Balance Expense Paid Assets: Interest-bearing deposits with other banks $ 1,764 $ 21 4.72% Federal funds sold 5,438 61 4.45% Investment securities available for sale: Taxable 37,325 474 5.04% Tax-exempt 5,125 58 4.49% -------------------- Investment securities available for sale 42,450 532 4.97% Loans and leases * 791,879 13,755 6.89% -------------------- Total interest earning assets 841,531 14,369 6.77% Cash and due from banks 21,231 Less allowance for loan and lease losses (8,347) Other assets 54,450 ----------- Total assets $ 908,865 =========== Liabilities: Savings, NOW and market rate deposits $ 286,411 $ 1,154 1.60% Wholesale deposits 132,439 1,741 5.22% Time deposits 190,016 2,213 4.62% -------------------- Total interest-bearing deposits 608,866 5,108 3.33% Borrowed funds 44,592 539 4.80% -------------------- Total interest-bearing liabilities 653,458 5,647 3.43% Noninterest-bearing deposits 148,717 Other liabilities 17,714 ----------- Total noninterest-bearing liabilities 166,431 Total liabilities 819,889 Shareholders' equity 88,976 ----------- Total liabilities and shareholders' equity $ 908,865 ----------- Interest income to earning assets 6.77% Net interest spread 3.34 Effect of noninterest-bearing sources 0.77 -------- -------- Net interest income/ margin on earning assets $ 8,722 4.11% ================= Tax equivalent adjustment $ 69 0.03% ------------------------------- 3rd Quarter 2007 Average Interest Rates Average Income/ Earned/ (dollars in thousands) Balance Expense Paid Assets: Interest-bearing deposits with other banks $ 3,172 $ 42 5.25% Federal funds sold 4,884 65 5.28% Investment securities available for sale: Taxable 39,090 500 5.07% Tax-exempt 4,984 57 4.54% -------------------- Investment securities available for sale 44,074 557 5.01% Loans and leases * 759,714 13,558 7.08% -------------------- Total interest earning assets 811,844 14,222 6.95% Cash and due from banks 22,306 Less allowance for loan and lease losses (8,712) Other assets 54,231 ----------- Total assets $ 879,669 =========== Liabilities: Savings, NOW and market rate deposits $ 277,895 $ 1,041 1.49% Wholesale deposits 120,222 1,630 5.38% Time deposits 192,999 2,282 4.69% -------------------- Total interest-bearing deposits 591,116 4,953 3.32% Borrowed funds 37,319 495 5.26% -------------------- Total interest-bearing liabilities 628,435 5,448 3.44% Noninterest-bearing deposits 148,858 Other liabilities 16,205 ----------- Total noninterest-bearing liabilities 165,063 Total liabilities 793,498 Shareholders' equity 86,171 ----------- Total liabilities and shareholders' equity $ 879,669 ----------- Interest income to earning assets 6.95% Net interest spread 3.51 Effect of noninterest-bearing sources 0.78 -------- -------- Net interest income/ margin on earning assets $ 8,774 4.29% ================= Tax equivalent adjustment $ 74 0.04% ------------------------------- 2nd Quarter 2007 Average Interest Rates Average Income/ Earned/ (dollars in thousands) Balance Expense Paid Assets: Interest-bearing deposits with other banks $ 568 $ 7 4.94% Federal funds sold 1,019 14 5.51% Investment securities available for sale: Taxable 40,393 514 5.10% Tax-exempt 5,001 59 4.73% --------------------- Investment securities available for sale 45,394 573 5.06% Loans and leases * 721,223 12,747 7.09% --------------------- Total interest earning assets 768,204 13,341 6.97% Cash and due from banks 22,299 Less allowance for loan and lease losses (8,537) Other assets 47,617 ------------ Total assets $ 829,583 ============ Liabilities: Savings, NOW and market rate deposits $ 275,777 $ 977 1.42% Wholesale deposits 83,664 1,132 5.43% Time deposits 173,279 1,982 4.59% --------------------- Total interest-bearing deposits 532,720 4,091 3.08% Borrowed funds