Cash and cash equivalents were $76.3 million as of September 30, 2012 as compared to $217.1 million as of June 30, 2012, a decrease that reflects the redeployment of cash to fund loan growth and security reinvestment efforts to reduce further pre-payment risk. As a result, investment securities available-for-sale of $466.8 million increased 21.4 percent from June 30, 2012 to September 30, 2012, with total investment securities at 10.6 percent of total assets.Stockholders’ equity to total assets was 11.97 percent at September 30, 2012. The tangible stockholders' equity to tangible assets ratio remained relatively constant at 9.08 percent at September 30, 2012 when compared with 9.07 percent at June 30, 2012 and declined from 14.49 percent at September 30, 2011 as a result of the Brookline Bancorp’s acquisition of Bancorp Rhode Island.
Brookline Bancorp Announces Third Quarter Net Income Of $11.4 Million, EPS Of $0.16
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