Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands |
Mar. 31, 2020 |
Dec. 31, 2019 |
| ASSETS |
|
|
| Cash and due from banks |
$ 86,996
|
$ 33,589
|
| Short-term investments |
253,772
|
44,201
|
| Total cash and cash equivalents |
340,768
|
77,790
|
| Investment securities available-for-sale |
761,539
|
498,995
|
| Investment securities held-to-maturity (fair value of $0 and $87,561, respectively) |
0
|
86,780
|
| Equity securities held-for-trading |
2,558
|
3,581
|
| Total investment securities |
764,097
|
589,356
|
| Total loans and leases |
6,822,527
|
6,737,816
|
| Allowance for loan and lease losses |
(113,181)
|
(61,082)
|
| Net loans and leases |
6,709,346
|
6,676,734
|
| Restricted equity securities |
68,472
|
53,818
|
| Premises and equipment, net of accumulated depreciation of $78,343 and $76,763, respectively |
73,786
|
74,350
|
| Right-of-use asset operating leases |
24,789
|
24,876
|
| Deferred tax asset |
38,141
|
25,017
|
| Goodwill |
160,427
|
160,427
|
| Identified intangible assets, net of accumulated amortization of $37,817 and $37,481, respectively |
4,087
|
4,423
|
| Other real estate owned (OREO) and repossessed assets, net |
2,038
|
2,631
|
| Other assets |
275,640
|
167,431
|
| Total assets |
8,461,591
|
7,856,853
|
| Deposits: |
|
|
| Demand checking accounts |
1,175,329
|
1,141,578
|
| Interest-bearing deposits |
4,714,609
|
4,688,494
|
| Total deposits |
5,889,938
|
5,830,072
|
| Borrowed funds: |
|
|
| Advances from the Federal Home Loan Bank of Boston (FHLBB) |
1,137,431
|
758,469
|
| Subordinated debentures and notes |
83,630
|
83,591
|
| Other borrowed funds |
70,743
|
60,689
|
| Total borrowed funds |
1,291,804
|
902,749
|
| Operating lease liabilities |
24,789
|
24,876
|
| Mortgagors' escrow accounts |
7,441
|
7,232
|
| Reserve for unfunded credits |
17,222
|
1,880
|
| Accrued expenses and other liabilities |
317,829
|
144,438
|
| Total liabilities |
7,549,023
|
6,911,247
|
| Commitments and contingencies |
|
|
| Brookline Bancorp, Inc. stockholders' equity: |
|
|
| Common stock, $0.01 par value; 200,000,000 shares authorized; 85,177,172 shares issued and 85,177,172 shares issued, respectively |
852
|
852
|
| Additional paid-in capital |
737,422
|
736,601
|
| Retained earnings, partially restricted |
227,359
|
265,376
|
| Accumulated other comprehensive income |
16,947
|
2,283
|
| Treasury stock, at cost; 5,862,811 shares and 5,003,127 shares, respectively |
(69,617)
|
(59,073)
|
| Unallocated common stock held by Employee Stock Ownership Plan (ESOP); 72,441 shares and 79,548 shares, respectively |
(395)
|
(433)
|
| Total stockholders' equity |
912,568
|
945,606
|
| Total liabilities and stockholders' equity |
8,461,591
|
7,856,853
|
| Commercial real estate loans |
|
|
| ASSETS |
|
|
| Total loans and leases |
3,762,158
|
3,669,222
|
| Commercial loans and leases |
|
|
| ASSETS |
|
|
| Total loans and leases |
1,826,866
|
1,838,748
|
| Consumer loans |
|
|
| ASSETS |
|
|
| Total loans and leases |
$ 1,233,503
|
$ 1,229,846
|