Mash the bananas in a medium mixing bowl.
Add the milk, vanilla extract, butter and egg to the mashed banana and mix with a whisk.
In a large bowl, mix together the flour, sugar, baking powder, salt and nutmeg.
Add the wet ingredients to the dry ingredients and mix together. It should still be quite lumpy in texture.
On a flat griddle or in a large nonstick skillet using medium-high heat melt the butter and oil together. The oil will help prevent the butter from burning.
Once hot add a scoop of the batter, per pancake. Depending on the size of you pan, you should be able to fit 2-4 pancake unless you’re using a handy-dandy griddle. Remember you’ll need enough room to maneuver flipping the pancakes.
Leave the pancakes to cook for a few minutes, until small bubbles pop up in the center and the edges have firmed.
Slide a spatula underneath the pancake and carefully flip over to cook the other side for another couple of minutes.
Remove the pancakes and serve right away with your favorite toppings or place on a baking sheet to keep warm in a slightly warm oven while you cook the rest.