BROOKLINE BANCORP, INC BRKL Cash Flow

Brookline bancorp, inc (BRKL)

CashFlow / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income attributable to Brookline Bancorp, Inc.
22,183	22,596	20,471	22,467	21,138	22,460	20,831	18,633	6,827	15,366	14,880	13,445	13,279	13,617	12,654	12,812	13,326	12,888	11,865	11,703	10,875	11,740	10,131	10,542	8,283	9,428	9,491	8,813	11,863	11,401	7,529	6,349	7,057	6,276	7,000	7,267	6,398	7,038	7,083	6,353
Adjustments to reconcile net income to net cash provided from operating activities:
Net income attributable to noncontrolling interest in subsidiary
0	0	0	43	1,022	774	898	795	979	801	753	568	659	655	718	830	729	561	694	602	477	662	476	422	495	490	375	427	367	321	254	285	303	307	326	283	208	235	164	162
Provision for credit losses
3,602	871	3,757	1,353	123	2,717	1,470	641	1,802	2,911	873	13,402	3,215	2,215	2,545	2,378	1,520	1,755	1,913	2,263	1,724	2,034	2,276	2,443	3,887	2,748	2,439	1,855	3,101	2,862	6,678	3,247	842	891	839	1,059	1,317	551	661	1,267
Origination of loans and leases held-for-sale
9	1,248	8,593	5,511	6,084	6,638	5,450	7,198	7,194	7,371	4,367	8,493	20,512	15,765	7,854	11,949	41,475	7,669	20,512	5,185	3,300	2,281	15,132	652	27,367	1,740	11,184	12,194	36,034	13,208	32,297	19,747	15,383	11,760	5,755	13,657	-	-	-	-
Proceeds from sales of loans and leases held-for-sale, net
189	3,377	8,255	8,109	4,101	7,233	5,823	9,362	8,221	5,425	5,181	13,246	18,120	15,389	9,804	12,323	39,414	9,605	9,096	6,283	2,550	16,245	1,473	14,449	27,578	5,877	7,985	14,886	35,108	11,140	34,302	22,766	13,778	8,725	5,742	13,442	-	-	-	-
Deferred income tax expense (benefit)
536	-39	-109	-390	-997	-803	-1,133	-2,520	14,721	-1,268	2,270	-4,925	2,513	8	412	-611	964	1,094	-670	-149	-442	-479	-215	1,261	4,383	-1,309	-1,597	921	3,647	-2,785	-1,184	985	-48	1,287	-324	-131	-339	8	347	-129
Depreciation of premises and equipment
1,609	1,738	1,732	1,782	1,788	1,966	1,827	1,801	1,786	1,831	1,820	1,795	1,760	1,755	1,782	1,783	1,761	1,751	1,770	1,792	1,813	1,791	1,746	1,670	1,705	1,764	1,346	1,476	1,037	1,000	801	895	437	693	521	410	426	408	382	374
Amortization of investment securities premiums and discounts, net
-404	-490	-471	-445	-654	-671	-368	-507	-722	-574	-330	-416	-371	-565	-722	-500	-460	-559	-313	-509	-470	-738	-750	-698	-636	-755	-896	-913	-937	-847	-1,895	-807	-599	-583	-589	-573	-531	-534	-498	-608
Amortization of deferred loan and lease origination costs, net
-1,818	-1,706	-1,739	-1,782	-1,784	-1,770	-1,792	-1,625	-1,786	-1,644	-1,639	-1,626	-1,445	-1,509	-1,476	-1,453	-967	-984	-964	-1,860	-2,365	-2,534	-2,552	-2,439	0	-2,589	-2,734	-2,426	-2,515	-2,435	-2,608	-2,563	-2,557	-2,464	-2,395	-2,359	-2,373	-2,347	-2,404	-2,292
Amortization of Intangible Assets
420	421	420	402	537	537	539	467	519	519	519	532	621	623	621	635	724	725	724	738	827	828	827	861	1,127	1,154	1,177	1,165	1,797	1,271	1,271	1,283	377	443	454	296	306	306	306	306
Amortization of debt issuance costs
25	25	25	25	25	25	25	25	25	25	25	25	45	5	26	25	44	6	25	25	25	4	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Accretion) amortization of acquisition fair value adjustments, net
127	-11	-11	704	-163	21	973	-1,185	116	114	736	617	855	1,481	835	789	2,413	1,496	1,458	1,875	2,107	2,226	2,043	4,841	675	1,510	1,244	2,764	2,710	3,591	3,428	2,392	-64	-448	-277	131	1	13	1	-4
Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss
133	-116	357	134	-935	0	0	1,162	0	0	0	11,393	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	80	-	-	-	-
Gain (Loss) on Sale of Loans and Leases Held for Sale
309	550	561	289	327	535	722	299	935	1,049	307	353	1,270	736	345	905	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales/disposals of premises and equipment, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-2	-6	1,510	0	21	-21	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of loans and leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	446	279	869	-	627	54	602	-	116	183	298	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on sales of OREO and other repossessed assets, net
-	-	-	-	-	-	-	-	0	104	-35	10	0	77	0	7	-36	-66	0	0	-37	-1	11	16	37	-59	-4	28	-	-	-	-	-	-	-	-	-	-	-	-
Loss on impairment of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	98	0	0	-49
Write-down of OREO and other repossessed assets
437	247	170	49	859	123	55	197	28	237	137	56	139	1	5	45	86	11	94	38	146	46	78	111	75	10	-577	755	13	-41	97	4	-	-	-	-	-	-	-	-
Amortization of mortgage servicing rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	3	7
Write-down of acquired assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-57	-55	-	-53	-79	-54
Compensation under recognition and retention plans
501	662	659	861	914	600	350	682	588	573	568	579	594	474	206	570	603	239	68	366	362	408	34	401	320	537	254	282	258	-13	153	148	127	135	43	59	79	20	20	20
Loss from investments in affordable housing projects
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-558	-624	-312	-1,149	72	245	138	-	-	-	-	-	-	-	-
ESOP shares committed to be released
197	85	88	88	78	148	142	132	133	124	125	118	-15	215	101	99	149	49	104	93	117	194	91	94	58	-14	129	57	61	60	61	60	93	96	106	123	123	114	123	122
Net change in:
Cash surrender value of bank-owned life insurance
-258	-260	-258	-254	-264	-263	-258	-254	-261	-263	-261	-256	-268	-250	-273	-259	-270	-258	-258	-263	-249	-286	-261	-258	-269	-273	-275	-276	-279	-296	-295	-295	-	-	-	-	-	-	-	-
Accrued interest receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25	-229	-277
Other assets
-25,969	37,642	39,343	12,219	-5,111	7,756	6,813	1,397	-3,704	-1,424	9,527	-1,986	-20,206	-1,735	11,950	10,278	-3,145	9,169	327	-1,216	1,285	1,035	2,753	-3,373	7,082	-2,036	56	-11,683	7,408	-4,470	1,436	7,247	8,311	-2,069	3,583	-5,728	3,183	354	-240	937
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-3,475	2,360
Accrued expenses and other liabilities
-51,114	64,102	34,192	-1,926	3,573	13,997	8,083	6,143	-6,679	2,721	1,361	-2,781	-9,700	1,896	15,097	-8,332	14,658	8,153	-1,366	-10,525	10,636	4,809	-386	-5,893	9,054	1,701	2,222	-15,781	5,681	1,886	-3,046	-1,319	4,711	1,893	-5,813	1,078	-2,017	1,158	110	-126
Net cash provided from operating activities
7,164	56,677	22,899	15,979	33,974	32,836	26,854	29,365	26,657	24,006	15,318	18,966	30,342	22,353	24,912	323	33,814	19,408	2,760	8,622	24,595	35,102	-4,281	28,871	12,135	27,176	19,098	15,608	19,932	17,745	13,104	8,530	9,569	15,157	2,774	18,733	8,102	11,972	7,968	13,063
Cash flows from investing activities:
Proceeds from sales of investment securities available-for-sale
0	0	0	0	20,740	0	0	1,470	0	0	-11,515	11,515	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	124	-	-	-	-
Proceeds from maturities, calls, and principal repayments of investment securities available-for-sale
18,018	16,918	13,294	19,935	18,735	20,592	21,937	21,632	16,645	18,085	17,289	19,592	24,750	24,460	24,108	27,639	20,159	26,753	30,885	19,974	24,130	25,899	17,596	16,466	28,335	39,114	38,037	31,789	49,368	41,236	49,059	67,849	34,626	35,415	49,556	25,777	38,346	61,130	35,327	46,523
Purchases of investment securities available-for-sale
50,400	0	0	0	0	0	24,744	49,108	38,523	0	28,513	23,935	38,128	17,969	17,321	41,985	13,077	19,072	2,000	29,466	42,934	27,824	20,592	48,516	47,125	41,823	42,262	40,021	-	-	-	-	182	15,639	3,988	25,552	34,915	64,931	41,566	54,896
Proceeds from maturities, calls, and principal repayments of investment securities held to maturity
9,147	8,258	9,978	1,475	767	733	632	1,158	663	1,071	783	1,300	1,111	4,171	23,426	13,784	3,685	5,653	241	0	0	0	0	500	0	0	0	0	-	-	-	-	-	-	-	-	-	23	1	1
Purchases of investment securities held-to-maturity
930	0	0	500	0	0	0	8,915	2,989	0	9,011	14,873	11,122	11,733	9,816	3,496	34,393	8,159	60,295	0	0	0	0	500	0	0	0	0	-500	0	0	500	-	-	-	-	-	-	-	-
Proceeds from redemption/sales of restricted equity securities
5,388	2,710	4,801	7,958	2,982	6,308	1,590	1,230	6,351	4,853	13,258	0	2,806	1,377	761	679	9,924	0	0	0	-	-	-	-	-1	0	0	2,108	-	-	-	2,003	-	-	-	-	-	-	-	-
Purchase of restricted equity securities
1,310	5,336	5,879	399	770	1,928	3,769	6,795	3,585	0	666	3,676	1,634	2,383	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of loans and leases held-for-investment, net
5,181	997	4,274	3,408	2,922	1,194	2,893	285	3,163	20,802	3,945	698	22,863	0	0	23,116	6,524	0	0	267,164	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in loans and leases
102,557	145,015	127,641	92,280	82,756	60,067	64,393	386,752	105,206	126,805	87,002	59,893	87,889	93,734	134,581	149,323	174,634	102,004	97,646	83,176	90,877	137,513	146,657	102,081	82,060	99,102	37,208	1,465	54,927	134,943	82,065	80,958	56,472	78,931	66,690	71,301	68,881	19,710	1,754	13,492
Acquisitions, net of cash and cash equivalents acquired
0	0	0	0	0	0	-467	25,126	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	89,258	0	0	0	-5,792	-	-	-	-
Monies in escrowBancorp Rhode Island, Inc. acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-112,983	-	-	-	-	-	-	-	-
Proceeds from sales of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,972	-70	249	81	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Property, Plant, and Equipment
775	1,632	1,629	961	32	699	794	1,827	953	1,987	5,958	2,659	2,515	1,125	826	796	2,486	1,372	451	466	997	1,150	2,566	3,069	2,680	4,691	4,164	4,908	-462	11,245	8,197	4,684	3,233	1,717	14,631	329	194	321	1,116	464
Proceeds from sales of OREO and other repossessed assets
2,377	179	3,363	563	185	760	388	853	889	1,499	961	413	883	575	525	1,547	1,308	1,704	1,493	2,647	3,351	2,171	2,916	3,879	3,909	2,453	4,517	978	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used for investing activities
-115,861	-122,921	-99,439	-60,801	-37,227	-33,107	-65,793	-451,895	-123,545	-82,482	-106,429	-71,518	-88,875	-96,361	-113,724	-128,835	-183,478	-96,497	-128,522	176,677	-106,925	-141,775	-145,228	-135,228	-90,465	-106,253	-45,590	-12,497	-48,201	-234,042	-22,013	7,435	-138,322	-60,612	-35,935	-65,489	-65,643	-23,809	-6,571	-22,328
Cash flows from financing activities:
Increase in demand checking, NOW, savings and money market accounts
90,713	79,677	-75,365	48,526	89,628	-82,370	-172,177	165,925	25,519	48,486	28,612	-8,798	111,194	124,708	48,846	67,160	137,961	-6,300	23,270	51,817	29,626	20,841	31,054	29,539	112,719	103,140	53,653	25,508	78,820	53,743	73,959	106,122	75,001	34,445	56,208	108,039	48,254	50,460	54,384	65,721
Increase (decrease) in certificates of deposit
9,954	27,103	77,160	118,694	130,560	117,456	179,771	153,091	40,141	47,778	28,904	49,625	-64,999	-44,932	42,877	20,302	23,524	21,512	-8,613	104,915	39,325	7,530	-17,623	-16,961	-15,691	-22,212	-23,722	-14,995	-30,350	-6,667	-11,764	-32,098	-2,318	-14,299	-15,239	-12,878	2,374	7,153	-6,493	-44,641
Proceeds from FHLBB advances
381,862	895,000	1,131,800	1,621,000	678,137	1,331,608	1,347,610	3,250,390	1,527,595	738,812	1,125,299	1,294,000	767,962	1,533,311	1,360,001	2,244,237	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13,000	-252,900	79,400	124,500	62,000
Proceeds from FHLBB advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,529,000	207,500	1,587,500	-	491,012	1,012,263	594,501	-	397,800	1,038,500	729,300	-	807,500	802,850	690,424	-3,096,851	901,351	1,264,500	918,000	-	-	-	-
Repayment of FHLBB advances
477,874	832,078	1,070,259	1,675,357	853,208	1,363,253	1,339,052	3,157,766	1,510,265	796,261	1,124,758	1,274,259	757,513	1,536,379	1,360,623	2,199,504	680,354	1,502,848	189,847	1,784,343	139,642	468,745	861,832	506,629	212,827	397,815	1,011,706	759,569	686,419	768,842	767,184	769,656	829,071	884,700	1,235,447	916,471	9,161	144,415	150,751	65,252
Repayment of subordinated debentures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-15,567	15,567	3,000	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in other borrowed funds, net
12,316	-7,320	3,178	-219	12,686	3,568	2,895	-14,054	17,552	-23,340	9,790	-6,570	11,568	-2,094	1,355	1,151	9,793	-2,912	-4,282	-3,987	16,724	-3,268	-760	-7,700	-300	-16,094	-655	655	6,011	-3,507	1,005	21,514	-6,366	-2,158	11,072	1,470	-	-	-	-
(Decrease) increase in mortgagors' escrow accounts, net
160	249	-694	91	-801	105	-273	709	-465	437	-318	387	-521	747	-486	389	-480	502	-920	-87	-256	398	-337	807	-119	543	-358	877	-120	124	-214	643	-	-	-	-	-382	146	-351	492
Income tax benefit from vesting of recognition and retention plan shares and dividend distributions on allocated ESOP plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	1	129
Expense of stock options granted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	76	55	117
Increase in other financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40	-	-	-	-
Proceeds from issuance of common stock
-	-	-	-1	-	-	-	0	-60	-6	82,009	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued for acquisition
0	0	0	0	1	0	0	55,181	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of dividends on common stock
9,173	8,786	8,775	8,376	8,451	8,043	8,031	6,916	6,898	6,900	6,887	6,350	6,348	6,346	6,336	6,336	6,335	6,332	6,326	5,974	5,974	5,974	5,964	5,964	5,961	5,965	5,955	5,960	5,956	5,956	5,921	5,944	4,990	4,983	4,985	5,006	4,978	4,977	4,963	5,017
Redemption of noncontrolling interest in subsidiary
0	0	0	35,851	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of noncontrolling units
0	0	0	0	0	1	0	129	0	0	0	118	0	0	0	76	0	0	65	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of dividends to owners of noncontrolling interest in subsidiary
0	0	0	930	0	403	782	708	0	468	688	515	0	402	802	530	0	365	330	742	-1	255	555	805	1	267	-1	928	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided from financing activities
7,957	151,978	56,997	67,577	38,961	-1,331	9,961	445,981	94,530	8,244	141,963	47,638	61,643	68,613	84,832	126,945	178,109	32,257	20,517	-50,901	56,915	115,078	156,306	86,788	75,420	74,697	34,191	-28,112	69,094	75,481	92,731	11,005	129,168	34,063	54,028	77,254	55,230	-8,158	16,012	13,549
Net (decrease) increase in cash and cash equivalents
-100,740	85,734	-19,543	22,755	35,708	-1,602	-28,978	23,451	-2,358	-50,232	50,852	-4,914	3,110	-5,395	-3,980	-1,567	28,445	-44,832	-105,245	134,398	-25,415	8,405	6,797	-19,569	-2,910	-4,380	7,699	-25,001	40,825	-140,816	83,822	26,970	415	-11,392	20,867	30,498	-2,311	-19,995	17,409	4,284
Supplemental disclosure of cash flow information:
Cash paid during the year for:
Interest on deposits, borrowed funds and subordinated debt
22,486	25,922	22,895	23,230	19,049	19,387	13,866	12,880	9,374	11,362	9,260	10,789	8,615	11,006	8,552	10,447	7,995	9,893	7,638	9,996	8,025	7,840	7,691	7,747	7,958	8,461	8,745	9,139	8,664	10,907	10,333	10,778	7,430	7,763	8,766	8,070	7,626	8,493	9,215	9,680
Income taxes
6,075	5,884	6,612	8,774	6,031	4,379	9,791	928	7,885	4,263	17,017	4,861	6,821	5,607	9,056	8,286	5,008	4,673	13,797	3,216	7,518	5,199	7,891	599	4,147	3,689	8,687	2,614	3,515	7,780	5,504	3,771	5,065	4,662	8,868	2,012	4,555	5,325	8,376	2,077
Non-cash investing activities:
Transfer from loans and leases to loan and leases held-for-sale
-	-	-	-	-	-	-	-	0	0	0	7,500	-5,784	-1,716	0	10,000	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from loans to other real estate owned
3,322	561	1,717	505	1,129	465	832	594	938	1,157	3,720	1,346	1,269	900	716	807	1,472	670	1,976	3,252	2,527	3,435	2,939	3,686	4,206	2,349	4,185	1,465	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of assets acquired, net of cash and cash equivalents acquired
-	-	-	0	-	-	-	292,025	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	515	1,571,302	-	-	-	-	-	-	-	-
Fair value of liabilities assumed
-	-	-	0	-	-	-	278,988	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-509	1,482,044	-	-	-	-	-	-	-	-