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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2019
Retirement Benefits [Abstract]  
Reconciliation of Changes in Plan Assets and Benefit Obligation The following table presents the change in plan assets and change in benefit obligation:
 
Year Ended
December 31,
 
2019
 
2018
 
2017
 
(In Thousands)
Change in plan assets:
 
 
 
 
 
Fair value of plan assets at beginning of year
$
—

 
$
—

 
$
—

Employer contributions
32

 
31

 
19

Benefits paid
(32
)
 
(31
)
 
(19
)
Fair value of plan assets at end of year
$
—

 
$
—

 
$
—

Change in benefit obligation:
 
 
 
 
 
Benefit obligation at beginning of year
$
1,490

 
$
1,534

 
$
1,135

Service cost
54

 
70

 
49

Interest cost
60

 
59

 
43

Estimated benefits paid
(32
)
 
(31
)
 
(19
)
Actuarial loss (gain)
185

 
(142
)
 
326

Benefit obligation at end of year
$
1,757

 
$
1,490

 
$
1,534

Funded status at end of year
$
1,757

 
$
1,490

 
$
1,534

Accumulated benefit obligation at end of year
$
1,757

 
$
1,490

 
$
1,534
Schedule of the components of net periodic postretirement benefit cost and other amounts recognized in other comprehensive income
The following table presents the components of net periodic postretirement benefit cost and other amounts recognized in other comprehensive income:
 
Year Ended
December 31,
 
2019

2018

2017
 
(In Thousands)
Net periodic benefit expense:
 
 
 
 
 
Service cost
$
54

 
$
70

 
$
49

Interest cost
60

 
59

 
43

Prior service credit
(21
)
 
(21
)
 
(21
)
Actuarial gain
(27
)
 
—

 
(47
)
Net periodic benefit expense
$
66

 
$
108

 
$
24

Changes in postretirement benefit obligation recognized in other comprehensive income:
 
 
 
 
 
Net actuarial (loss) gain
(206
)
 
$
142

 
$
(401
)
Prior service credit
(21
)
 
(21
)
 
(21
)
Total pre-tax changes in postretirement benefit obligation recognized in other comprehensive income
$
(227
)
 
$
121

 
$
(422
)
Schedule of effect of 1% change in assumed health care cost trend rates A 1% change in assumed health care cost trend rates would have the following effects:
 
Year Ended 
 December 31, 2019
 
1% Increase
 
1% Decrease
 
(In Thousands)
Effect on total service and interest cost components of net periodic postretirement benefit costs
$
25

 
$
(20
)
Effect on the accumulated postretirement benefit obligation
365

 
(289
)
Activity under recognition and retention plans
The following table presents information about the Company's restricted stock awards as of and for the year ending December 31, 2019:
 
Restricted Stock Awards Outstanding
 
Weighted Average Price
per Share
 
 
 
(Dollars in Thousands, Except Per Share Amounts)
 
 
Restricted Stock Awards:
 
 
 
 
 
Outstanding at December 31, 2018
390,635

 
$
15.21

 
 

Granted
212,461

 
14.25

 
 

Vested
(175,160
)
 
14.46

 
 

Forfeited / Canceled
(21,486
)
 
11.78

 
 

Outstanding at December 31, 2019
406,450

 
$
15.21

 
 
Unrecognized compensation cost
 
 
 
 
$
3,964

Weighted average remaining recognition period (months)
 
 
 
 
24
Schedule of stock option activity
 
Options Outstanding
 
Weighted Average Exercise Price Per Share
 
Aggregate Intrinsic Value
 
Weighted Average Contractual Term (In Years)
 
(Dollars in Thousands, Except Per Share Amounts)
Employee Stock Options(1):
 
 
 
 
 
 
 
Outstanding at December 31, 2018
5,000

 
$
9.90

 
 

 
 
Granted
—

 
—

 
 

 
 
Exercised
—

 
—

 
 

 
 
Forfeited / Canceled
—

 
—

 
 

 
 
Outstanding at December 31, 2019
5,000

 
$
9.90

 
$
33

 
0.8
Exercisable at December 31, 2019
5,000

 
$
9.90

 
$
33

 
0.8
_____________________________________________________________________________
(1) Options granted pursuant to the Brookline Bancorp, Inc. 2003 Stock Option Plan (the “2003 Stock Option Plan”). The 2003 Stock Option Plan terminated by its terms on October 16, 2013, however, outstanding option awards granted pursuant to the 2003 Stock Option Plan may be exercised for 10 years from the date of grant.