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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest and dividend income:      
Loans and leases $ 330,345 $ 295,269 $ 247,022
Debt securities 12,281 13,960 12,524
Marketable and restricted equity securities 3,477 3,964 3,062
Short-term investments 1,523 700 442
Total interest and dividend income 347,626 313,893 263,050
Interest expense:      
Deposits 69,615 41,978 23,288
Borrowed funds 24,711 24,216 16,581
Total interest expense 94,326 66,194 39,869
Net interest income 253,300 247,699 223,181
Provision for credit losses 9,583 4,951 18,988
Net interest income after provision for credit losses 243,717 242,748 204,193
Non-interest income:      
Loan level derivative income, net 8,262 5,440 2,187
Gain on investment securities, net 508 227 11,393
Gain on sales of loans and leases held-for-sale 1,709 1,883 2,644
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
FDIC insurance 1,445 2,722 3,326
Advertising and marketing 4,044 4,016 3,369
Amortization of identified intangible assets 1,663 2,080 2,089
Merger and acquisition expense 1,125 3,787 411
Other 13,936 13,484 11,788
Total non-interest expense 157,481 155,232 139,111
Income before provision for income taxes 116,029 112,740 97,255
Provision for income taxes 28,269 26,189 43,636
Net income before noncontrolling interest in subsidiary 87,760 86,551 53,619
Less net income attributable to noncontrolling interest in subsidiary 43 3,489 3,101
Net income attributable to Brookline Bancorp, Inc. $ 87,717 $ 83,062 $ 50,518
Earnings per common share:      
Basic (in dollars per share) $ 1.10 $ 1.04 $ 0.68
Diluted (in dollars per share) $ 1.10 $ 1.04 $ 0.68
Weighted average common shares outstanding during the year:      
Basic (in shares) 79,679,781 79,669,668 74,459,508
Diluted (in shares) 79,856,921 79,909,251 74,811,408
Dividends declared per common share (in dollars per share) $ 0.450 $ 0.395 $ 0.360
Deposit fees      
Non-interest income:      
Non-interest income, fees $ 10,623 $ 10,400 $ 10,050
Loan fees      
Non-interest income:      
Non-interest income, fees $ 2,097 $ 1,427 $ 1,110