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Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest and dividend income:        
Loans and leases $ 57,858 $ 52,725 $ 167,474 $ 157,790
Debt securities 2,822 2,866 8,829 8,480
Marketable and restricted equity securities 804 1,079 2,213 2,094
Short-term investments 47 17 149 98
Total interest and dividend income 61,531 56,687 178,665 168,462
Interest expense:        
Deposits 5,112 4,326 14,875 12,926
Borrowed funds 4,069 3,774 11,980 11,249
Total interest expense 9,181 8,100 26,855 24,175
Net interest income 52,350 48,587 151,810 144,287
Provision for credit losses 2,215 1,755 7,138 5,931
Net interest income after provision for credit losses 50,135 46,832 144,672 138,356
Non-interest income:        
Deposit fees 2,289 2,261 6,650 6,522
Loan fees 330 205 977 818
Loan level derivative income, net 858 900 3,697 1,841
Gain on sales of loans and leases 588 446 1,986 1,594
Other 1,264 972 3,893 3,346
Total non-interest income 5,329 4,784 17,203 14,121
Non-interest expense:        
Compensation and employee benefits 20,369 17,875 58,179 52,484
Occupancy 3,411 3,535 10,328 10,444
Equipment and data processing 3,826 3,600 11,468 11,300
Professional services 997 984 2,925 3,241
FDIC insurance 956 929 2,677 2,627
Advertising and marketing 844 878 2,558 2,449
Amortization of identified intangible assets 623 725 1,879 2,187
Other 2,362 2,744 7,707 8,316
Total non-interest expense 33,388 31,270 97,721 93,048
Income before provision for income taxes 22,076 20,346 64,154 59,429
Provision for income taxes 7,804 6,897 22,868 21,116
Net income before noncontrolling interest in subsidiary 14,272 13,449 41,286 38,313
Less net income attributable to noncontrolling interest in subsidiary 655 561 2,203 1,857 [1]
Net income attributable to Brookline Bancorp, Inc. $ 13,617 $ 12,888 $ 39,083 $ 36,456
Earnings per common share:        
Basic (in dollars per share) $ 0.19 $ 0.18 $ 0.56 $ 0.52
Diluted (in dollars per share) $ 0.19 $ 0.18 $ 0.56 $ 0.52
Weighted average common shares outstanding during the period:        
Basic (in shares) 70,299,722 70,129,056 70,228,127 70,071,999
Diluted (in shares) 70,450,760 70,240,020 70,394,465 70,207,983
Dividends declared per common share (in dollars per share) $ 0.09 $ 0.090 $ 0.27 $ 0.265
[1] Previously reported amounts prior to January 1, 2015 have been restated to reflect a retrospective change in accounting principle for investments in qualified affordable housing projects, in accordance with ASU 2014-01. Refer to Note 8, "Investments in Qualified Affordable Projects".