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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income attributable to Brookline Bancorp, Inc. $ 87,717 $ 83,062 $ 50,518
Adjustments to reconcile net income to net cash provided from operating activities:      
Net income attributable to noncontrolling interest in subsidiary 43 3,489 3,101
Provision for credit losses 9,583 4,951 18,988
Origination of loans and leases held-for-sale (15,361) (25,370) (27,425)
Proceeds from sales of loans and leases held-for-sale, net 19,930 26,519 32,073
Deferred income tax expense (benefit) (2) (5,453) 10,798
Depreciation of premises and equipment 6,861 7,382 7,232
Amortization of investment securities premiums and discounts, net 1,810 2,200 2,042
Amortization of deferred loan and lease origination costs, net 7,045 6,971 6,695
Amortization of identified intangible assets 1,663 2,080 2,089
Amortization of debt issuance costs 100 100 100
(Accretion) amortization of acquisition fair value adjustments, net (809) 354 (1,583)
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)
Loss (gain) on sales of OREO and other repossessed assets, net 108 0 (79)
Write-down of OREO and other repossessed assets 903 1,234 458
Compensation under recognition and retention plans 2,683 2,546 2,308
ESOP shares committed to be released 458 543 501
Net change in:      
Cash surrender value of bank-owned life insurance (1,030) (1,039) (1,041)
Equity securities held-for-trading 1,215 (5,371) 0
Other assets (63,235) (10,855) (2,413)
Accrued expenses and other liabilities 45,254 31,796 (5,378)
Net cash provided from operating activities 102,719 123,029 84,947
Cash flows from investing activities:      
Proceeds from sales of investment securities available-for-sale 0 22,210 0
Proceeds from maturities, calls, and principal repayments of investment securities available-for-sale 68,165 82,896 71,611
Purchases of investment securities available-for-sale (50,400) (73,852) (90,971)
Proceeds from maturities, calls, and principal repayments of investment securities held to maturity 28,858 3,290 3,817
Purchases of investment securities held-to-maturity (1,430) (8,915) (26,873)
Proceeds from redemption/sales of restricted equity securities 20,857 12,110 24,462
Purchase of restricted equity securities (12,924) (13,262) (7,927)
Proceeds from sales of loans and leases held-for-investment, net 13,860 7,294 28,608
Net increase in loans and leases (467,493) (593,968) (378,906)
Acquisitions, net of cash and cash equivalents acquired 0 (24,659) 0
Purchase of premises and equipment, net (4,997) (3,352) (11,557)
Proceeds from sales of OREO and other repossessed assets 6,482 2,186 3,762
Net cash used for investing activities (399,022) (588,022) (383,974)
Cash flows from financing activities:      
Increase in demand checking, NOW, savings and money market accounts 143,551 1,006 93,819
Increase (decrease) in certificates of deposit 232,911 580,878 166,448
Proceeds from FHLBB advances 4,029,662 6,607,745 4,685,706
Repayment of FHLBB advances (4,055,568) (6,713,279) (4,705,543)
Increase (decrease) in other borrowed funds, net 7,955 5,095 (2,568)
(Decrease) increase in mortgagors' escrow accounts, net (194) (260) 41
Proceeds from exercise of stock options 0 490 1,469
Repurchases of common stock (1,871) (10,000) 0
Proceeds from issuance of common stock 0 0 81,943
Common stock issued for acquisition 0 55,182 0
Payment of dividends on common stock (35,110) (31,441) (27,035)
Payment of income taxes for shares withheld in share based activity (46) (81) (352)
Redemption of noncontrolling interest in subsidiary (35,851) 0 0
Proceeds from issuance of noncontrolling units 0 130 118
Payment of dividends to owners of noncontrolling interest in subsidiary (930) (1,893) (1,671)
Net cash provided from financing activities 284,509 493,572 292,375
Net (decrease) increase in cash and cash equivalents (11,794) 28,579 (6,652)
Cash and cash equivalents at beginning of year 89,584 61,005 67,657
Cash and cash equivalents at end of year 77,790 89,584 61,005
Cash paid during the year for:      
Interest on deposits, borrowed funds and subordinated debt 94,533 65,182 40,785
Income taxes 27,345 21,129 34,026
Non-cash investing activities:      
Transfer from loans and leases to loan and leases held-for-sale 0 0 7,500
Transfer from loans to other real estate owned 6,105 3,020 7,161
First Commons Bank      
Non-cash investing activities:      
Fair value of assets acquired, net of cash and cash equivalents acquired 0 292,025 0
Fair value of liabilities assumed $ 0 $ 278,988 $ 0