XML 117 R121.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Condensed Parent Company Financial Statements (Condensed Income Statements) (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest and dividend income:                      
Marketable and restricted equity securities                 $ 3,477 $ 3,964 $ 3,062
Total interest and dividend income $ 87,450 $ 87,906 $ 87,184 $ 85,086 $ 83,544 $ 80,636 $ 78,074 $ 71,639 347,626 313,893 263,050
Interest expense:                      
Net interest income 63,931 63,236 63,134 62,999 63,159 62,332 62,717 59,491 253,300 247,699 223,181
Gain on investment securities, net 133 (116) 357 134 (692) (243) 0 1,162 508 227 11,393
Non-interest income:                      
Other                 6,594 5,847 4,789
Total non-interest income                 29,793 25,224 32,173
Non-interest expense:                      
Compensation and employee benefits                 96,554 91,535 82,413
Occupancy                 15,696 14,991 14,546
Equipment and data processing                 18,652 18,213 16,854
Professional services                 4,366 4,404 4,315
Advertising and marketing                 4,044 4,016 3,369
Merger and acquisition expense                 1,125 3,787 411
Other 38,395 39,770 39,184 38,469 39,745 36,773 37,163 39,471 13,936 13,484 11,788
Total non-interest expense                 157,481 155,232 139,111
Credit for income taxes 7,087 7,507 6,780 6,895 7,055 6,140 7,342 5,652 28,269 26,189 43,636
Net income attributable to Brookline Bancorp, Inc. $ 22,183 $ 22,596 $ 20,471 $ 22,467 $ 21,138 $ 22,460 $ 20,831 $ 18,633 87,717 83,062 50,518
Parent Company                      
Interest and dividend income:                      
Dividend income from subsidiaries                 0 0 7,317
Marketable and restricted equity securities                 147 37 0
ESOP loan to Brookline Bank                 77 98 120
Intercompany loan to Brookline Bank                 1,183 1,722 532
Total interest and dividend income                 1,407 1,857 7,969
Interest expense:                      
Borrowed funds                 5,274 5,223 5,123
Net interest income                 (3,867) (3,366) 2,846
Gain on investment securities, net                 467 71 0
Non-interest income:                      
Other                 0 16 0
Total non-interest income                 467 87 0
Non-interest expense:                      
Compensation and employee benefits                 (507) 345 391
Occupancy                 1,589 1,586 1,584
Equipment and data processing                 (770) (798) (1,011)
Directors' fees                 461 417 453
Franchise taxes                 306 321 180
Insurance                 543 534 528
Professional services                 548 364 470
Advertising and marketing                 31 19 4
Merger and acquisition expense                 0 452 411
Other                 (1,139) (1,140) (1,224)
Total non-interest expense                 1,062 2,100 1,786
Loss before income taxes                 (4,462) (5,379) 1,060
Credit for income taxes                 (969) (1,976) (1,944)
Loss before equity in undistributed income of subsidiaries                 (3,493) (3,403) 3,004
Equity in undistributed income of subsidiaries                 91,210 86,465 47,514
Net income attributable to Brookline Bancorp, Inc.                 $ 87,717 $ 83,062 $ 50,518