Brookline Bancorp, Inc. (NASDAQ: BRKL) (the "Company") today announced net income of $11.6 million, or $0.17 per basic and diluted share, for the third quarter of 2014, compared to $10.0 million, or $0.14 per basic and diluted share, for the second quarter of 2014. During the third quarter of 2014, the Company recorded $1.4 million in other income due to a settlement payment from an insurance carrier in relation to a 2012 litigation. Excluding this item, net income would have been $0.15 per basic and diluted share. Paul Perrault, President and Chief Executive Officer of Brookline Bancorp, Inc., stated: "Thanks to our driven colleagues and our customer focused culture, I am pleased to announce that Brookline Bancorp delivered another excellent quarter with solid loan and deposit growth, as well as strong earnings and returns to our shareholders. The Company will continue to encounter fierce competition, but I am confident that the Company is poised to finish the year strong." BALANCE SHEET Total assets of $5.7 billion at September 30, 2014 increased $130.5 million from June 30, 2014, and increased $392.9 million from December 31, 2013. The growth in total assets was driven by growth in the loan portfolio. At September 30, 2014, total loans and leases were $4.7 billion, representing an increase of $132.1 million from June 30, 2014, and an increase of $373.6 million from December 31, 2013. During the third quarter of 2014, total loans and leases grew 11.5 percent on an annualized basis. At September 30, 2014, the commercial real estate and commercial loan and lease portfolios totaled $3.5 billion, or 74.4 percent of total loans and leases, as compared to $3.4 billion, or 73.7 percent at June 30, 2014, and $3.2 billion, or 72.6 percent at December 31, 2013. Strong loan growth continued in our total commercial real estate and commercial loan and lease portfolios, which increased $133.0 million during the third quarter of 2014, or 15.7 percent on an annualized basis.