Brookline Bank in Brookline, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Brookline Bank in Brookline, Massachusetts (MA)
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Brookline Bank - Overview

  • General
  • FDIC Certificate #: 17798
    Status: Active
    Federal Reserve ID: 782306
    Bank Holding Company (Regulatory Top Holder): Brookline Bancorp, Inc. (RSSDID: 2631510, Location: Brookline, MA)
    Date Established: January 01, 1871
    WWW: http://www.brooklinebank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 20 (Domestic: 20, Interstate: No)
    OTS Docket #: 17777
    FDIC's unique #: 11747
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 03, 1957
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 160 Washington Street, Brookline, MA 2445
    County: Norfolk
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: South Boston
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Boston, MA-NH (#1120)
    Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460)
    CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
    Core Based Statistical Division: Boston-Quincy, MA (#14484)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $2,854.7 mil
    Equity capital: $284.1 mil
    Deposits held in domestic offices: $2,040.1 mil
    Return on assets (ROA): 1.04% ($29.7 mil)
    Quarterly return on assets: 1.04% ($29.7 mil)
    Return on Equity (ROE): 7.64% ($21.7 mil)
    Quarterly return on equity: 8.75% ($24.9 mil)
    Net income: $28.6 mil
    Quarterly Net income: $7.4 mil
    Pretax return on assets: 1.72% ($49,100.4 mil)
    Quarterly Pretax return on assets: 1.72% ($49,100.4 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 270Total employees (full-time equivalent)
  • $2,854,673Total assets
  • $49,135Cash and due from depository institutions
  • $29,385Interest-bearing balances
  • $194,382Securities
  • $10,403Federal funds sold & reverse repurchase agreements
  • $2,490,181Net loans & leases
  • $31,299Loan loss allowance
  • $0Trading account assets
  • $28,647Bank premises and fixed assets
  • $184Other real estate owned
  • $8,702Goodwill and other intangibles
  • $2,854,673Life insurance assets
  • $73,039All other assets
  • $2,567,198Total liabilities and capital
  • $2,040,125Total liabilities
  • $1,997,001Total deposits
  • $2,040,125Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 22500.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $483,423Trading liabilities
  • $0Other borrowed funds
  • $21,150Subordinated debt
  • $287,475All other liabilities
  • $284,075Total equity capital
  • $284,075Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $266,330Surplus
  • $17,744Undivided profits
  • Memoranda
  • $3,400Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,867Income earned, not collected on loans
  • $0Earning assets
  • $8,274Long-term assets (5+ years)
  • $2,724,351Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $2,756,849Volatile liabilities
  • $2,833,856Insider loans
  • $2,635,954FHLB advances
  • $2,840,756Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $273,430Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $378,010Restructured Loans and leases
  • $15,971Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $130,175Total interest income
  • $28,969Total interest expense
  • $101,206Net interest income
  • $3,201Provision for loan and lease losses
  • $1,263Total noninterest income
  • $0Fiduciary activities
  • $1,595Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$332Additional noninterest income
  • $50,625Total noninterest expense
  • $26,842Salaries and employee benefits
  • $11,379Premises and equipment expense
  • $12,404Additional noninterest expense
  • $48,643Pre-tax net operating income
  • $0Securities gains (losses)
  • $18,778Applicable income taxes
  • $29,865Income before extraordinary items
  • $0Extraordinary gains - net
  • $28,646Net income attributable to bank
  • $1,219Net charge-offs
  • $29,865Cash dividends
  • $1,922Sale, conversion, retirement of capital stock, net
  • $161,983Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.93%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 3.83%Net interest margin
  • 0.05%Noninterest income to earning assets
  • 1.92%Noninterest expense to earning assets
  • 1.08%Net operating income to assets
  • 1.04%Return on assets (ROA)
  • 1.72%Pretax return on assets
  • 7.64%Return on equity (ROE)
  • -35.54%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 166.55%Credit loss provision to net charge-offs
  • 26.97%Efficiency ratio
  • 48,532Assets per employee
  • 10.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 565.46%Loss allowance to loans
  • 1.24%Loss allowance to noncurrent loans
  • 643.09%Noncurrent assets plus other real estate owned to assets
  • 0.18%Noncurrent loans to loans
  • 0.19%Net loans and leases to deposits
  • 122.06%Net loans and leases to core deposits
  • 128.30%Equity capital to assets
  • 9.95%Core capital (leverage) ratio
  • 9.63%Tier 1 risk-based capital ratio
  • 10.37%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $2,756,849Average earning assets
  • $375,193Average equity
  • $2,641,655Average loans

List of branches

  • 20 Massachusetts Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    011747Brookline Bank160 Washington Street, Brookline, MA 2445January 01, 1871Full Service Brick and Mortar
    1242811Collidge Corner Branch1340 Beacon Street, Brookline, MA 2446June 30, 1958Full Service Brick and Mortar
    2242812South Brookline Branch1018 West Roxbury Parkway, Chestnut Hill, MA 2467September 15, 1952Full Service Brick and Mortar
    3242813Longwood Branch1014 Beacon Street, Brookline, MA 2446December 08, 1958Full Service Brick and Mortar
    4242814Washington Square Branch1661 Beacon Street, Brookline, MA 2445December 04, 1975Full Service Brick and Mortar
    7361300Newton Centre Branch10 Langley Road, Newton, MA 2459October 29, 2000Full Service Brick and Mortar
    84320541808 Centre Street Branch1808 Centre Street, West Roxbury, MA 2132September 26, 2003Full Service Brick and Mortar
    935272Medford Bank Branch60 High Street, Medford, MA 2155January 01, 1886Full Service Brick and Mortar
    10259716High Street Branch430 High Street, Medford, MA 2155April 30, 1985Full Service Brick and Mortar
    11259718Salem Street Branch201 Salem Street, Medford, MA 2155November 27, 1995Full Service Brick and Mortar
    12259719Lexington Branch1793 Massachusetts Avenue, Lexington, MA 2420November 30, 1998Full Service Brick and Mortar
    13334338Arlington Branch856 Massachusetts Avenue, Arlington, MA 2476May 01, 2000Full Service Brick and Mortar
    14364320Bedford Branch168 Great Road, Bedford, MA 1730June 03, 2002Full Service Brick and Mortar
    15423055Malden Branch196 Commercial Street, Malden, MA 2148September 08, 2003Full Service Brick and Mortar
    16491845Needham Branch902 Highland Ave, Needham, MA 2494July 12, 2007Full Service Brick and Mortar
    17495384Walnut Street Branch323 Walnut Street, Newton, MA 2460December 15, 2004Full Service Brick and Mortar
    18495385Newton Highlands Branch43 Lincoln Street, Newton Highlands, MA 2461April 13, 2006Full Service Brick and Mortar
    19495387Burlington Branch72 Burlington Mall Road, Burlington, MA 1803August 04, 2008Full Service Brick and Mortar
    20512619Wellesley Branch5 Washington Street, Wellesley, MA 2481May 27, 2010Full Service Brick and Mortar
    21512620Cambridge Branch34 Cambridge Street, Burlington, MA 1803June 01, 2010Full Service Brick and Mortar

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