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10-Q Filing

BEACON FINANCIAL CORP CIK: 1108134 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001108134-16-000016
Period End Date 20160331
Filing Date 20160510
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance bhlb-20160331.xml
Balance Sheet 102 line items
Line Item Tag Value Unit Period
Securities held to maturity, fair value HeldToMaturitySecuritiesFairValue $136.90M USD Point-in-time
Securities held to maturity, fair value HeldToMaturitySecuritiesFairValue $134.71M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $44.37M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $72.92M USD Point-in-time
Common stock, par value (USD per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (USD per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, shares authorized (shares) CommonStockSharesAuthorized 50.00M shares Point-in-time
Common stock, shares authorized (shares) CommonStockSharesAuthorized 50.00M shares Point-in-time
Short-term investments CashEquivalentsAtCarryingValue $30.64M USD Point-in-time
Short-term investments CashEquivalentsAtCarryingValue $24.45M USD Point-in-time
Total cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $103.56M USD Point-in-time
Total cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $68.82M USD Point-in-time
Common stock, shares issued (shares) CommonStockSharesIssued 32.32M shares Point-in-time
Common stock, shares issued (shares) CommonStockSharesIssued 32.32M shares Point-in-time
Common stock, shares outstanding (shares) CommonStockSharesOutstanding 30.97M shares Point-in-time
Trading security, at fair value TradingSecurities $14.19M USD Point-in-time
Trading security, at fair value TradingSecurities $14.47M USD Point-in-time
Common stock, shares outstanding (shares) CommonStockSharesOutstanding 31.04M shares Point-in-time
Securities available for sale, at fair value AvailableForSaleSecurities $1.17B USD Point-in-time
Treasury stock, shares (shares) TreasuryStockShares 1.17M shares Point-in-time
Securities available for sale, at fair value AvailableForSaleSecurities $1.15B USD Point-in-time
Treasury stock, shares (shares) TreasuryStockShares 1.18M shares Point-in-time
Securities held to maturity (fair values of $134,707 and $136,904) HeldToMaturitySecurities $131.65M USD Point-in-time
Securities held to maturity (fair values of $134,707 and $136,904) HeldToMaturitySecurities $128.20M USD Point-in-time
Federal Home Loan Bank stock and other restricted securities FederalHomeLoanBankStockAndOtherRestrictedSecuritiesAtCost $71.02M USD Point-in-time
Federal Home Loan Bank stock and other restricted securities FederalHomeLoanBankStockAndOtherRestrictedSecuritiesAtCost $60.26M USD Point-in-time
Total securities Investments $1.37B USD Point-in-time
Total securities Investments $1.37B USD Point-in-time
Loans held for sale LoansReceivableHeldForSaleNetNotPartOfDisposalGroupOrDiscontinuedOperation $13.19M USD Point-in-time
Loans held for sale LoansReceivableHeldForSaleNetNotPartOfDisposalGroupOrDiscontinuedOperation $15.92M USD Point-in-time
Commercial real estate LoansAndLeasesReceivableConsumerMortgage $2.10B USD Point-in-time
Commercial real estate LoansAndLeasesReceivableConsumerMortgage $2.06B USD Point-in-time
Commercial and industrial loans LoansReceivableCommercialRealEstate $1.05B USD Point-in-time
Commercial and industrial loans LoansReceivableCommercialRealEstate $1.05B USD Point-in-time
Residential mortgages LoansReceivableCommercialAndIndustrial $1.82B USD Point-in-time
Residential mortgages LoansReceivableCommercialAndIndustrial $1.75B USD Point-in-time
Consumer loans LoansAndLeasesReceivableConsumerRealEstate $818.86M USD Point-in-time
Consumer loans LoansAndLeasesReceivableConsumerRealEstate $802.17M USD Point-in-time
Total loans LoansAndLeasesReceivableNetOfDeferredIncome $5.73B USD Point-in-time
Total loans LoansAndLeasesReceivableNetOfDeferredIncome $5.73B USD Point-in-time
Less: Allowance for loan losses LoansAndLeasesReceivableAllowance $40.05M USD Point-in-time
Less: Allowance for loan losses LoansAndLeasesReceivableAllowance $39.31M USD Point-in-time
Net loans LoansAndLeasesReceivableNetReportedAmount $5.69B USD Point-in-time
Net loans LoansAndLeasesReceivableNetReportedAmount $5.69B USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $88.07M USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $87.84M USD Point-in-time
Other real estate owned RealEstateAcquiredThroughForeclosure $1.73M USD Point-in-time
Other real estate owned RealEstateAcquiredThroughForeclosure $1.44M USD Point-in-time
Goodwill Goodwill $323.66M USD Point-in-time
Goodwill Goodwill $323.94M USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $9.85M USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $10.66M USD Point-in-time
Cash surrender value of bank-owned life insurance policies BankOwnedLifeInsurance $126.14M USD Point-in-time
Cash surrender value of bank-owned life insurance policies BankOwnedLifeInsurance $125.23M USD Point-in-time
Deferred tax assets, net DeferredTaxAssetsLiabilitiesNet $42.53M USD Point-in-time
Deferred tax assets, net DeferredTaxAssetsLiabilitiesNet $36.51M USD Point-in-time
Other assets OtherAssets $76.64M USD Point-in-time
Other assets OtherAssets $64.93M USD Point-in-time
Total assets Assets $7.81B USD Point-in-time
Total assets Assets $7.83B USD Point-in-time
Demand deposits DemandDepositAccounts $1.08B USD Point-in-time
Demand deposits DemandDepositAccounts $1.04B USD Point-in-time
NOW deposits DepositsNegotiableOrderOfWithdrawalNOW $510.81M USD Point-in-time
NOW deposits DepositsNegotiableOrderOfWithdrawalNOW $473.56M USD Point-in-time
Money market deposits DepositsMoneyMarketDeposits $1.41B USD Point-in-time
Money market deposits DepositsMoneyMarketDeposits $1.41B USD Point-in-time
Savings deposits DepositsSavingsDeposits $601.76M USD Point-in-time
Savings deposits DepositsSavingsDeposits $611.56M USD Point-in-time
Time deposits TimeDeposits $2.06B USD Point-in-time
Time deposits TimeDeposits $1.99B USD Point-in-time
Total deposits Deposits $5.58B USD Point-in-time
Total deposits Deposits $5.59B USD Point-in-time
Short-term debt ShortTermBorrowings $1.07B USD Point-in-time
Short-term debt ShortTermBorrowings $940.70M USD Point-in-time
Long-term Federal Home Loan Bank advances FederalHomeLoanBankAdvancesLongTerm $140.20M USD Point-in-time
Long-term Federal Home Loan Bank advances FederalHomeLoanBankAdvancesLongTerm $103.14M USD Point-in-time
Subordinated borrowings JuniorSubordinatedNotes $88.98M USD Point-in-time
Subordinated borrowings JuniorSubordinatedNotes $89.03M USD Point-in-time
Total borrowings DebtAndCapitalLeaseObligations $1.26B USD Point-in-time
Total borrowings DebtAndCapitalLeaseObligations $1.17B USD Point-in-time
Other liabilities OtherLiabilities $91.44M USD Point-in-time
Other liabilities OtherLiabilities $147.76M USD Point-in-time
Total liabilities Liabilities $6.90B USD Point-in-time
Total liabilities Liabilities $6.94B USD Point-in-time
Common stock ($.01 par value; 50,000,000 shares authorized and 32,321,962 shares issued and 31,039,017 shares outstanding in 2016; 32,321,962 shares issued, and 30,973,986 shares outstanding in 2015) CommonStockValue $322.00K USD Point-in-time
Common stock ($.01 par value; 50,000,000 shares authorized and 32,321,962 shares issued and 31,039,017 shares outstanding in 2016; 32,321,962 shares issued, and 30,973,986 shares outstanding in 2015) CommonStockValue $322.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $742.62M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $744.74M USD Point-in-time
Unearned compensation DeferredCompensationEquity $8.25M USD Point-in-time
Unearned compensation DeferredCompensationEquity $7.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $183.88M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $193.65M USD Point-in-time
Accumulated other comprehensive income / (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $4.85M USD Point-in-time
Accumulated other comprehensive income / (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-3.31M USD Point-in-time
Treasury stock, at cost (1,174,014 shares in 2016 and 1,179,045 shares in 2015) TreasuryStockValue $29.34M USD Point-in-time
Treasury stock, at cost (1,174,014 shares in 2016 and 1,179,045 shares in 2015) TreasuryStockValue $29.48M USD Point-in-time
Total shareholders equity StockholdersEquity $716.23M USD Point-in-time
Total shareholders equity StockholdersEquity $905.84M USD Point-in-time
Total shareholders equity StockholdersEquity $887.19M USD Point-in-time
Total shareholders equity StockholdersEquity $709.29M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $7.81B USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $7.83B USD Point-in-time
Income Statement 72 line items
Line Item Tag Value Unit Period
Loans InterestAndFeeIncomeLoansAndLeases $58.44M USD 1 Quarter
Loans InterestAndFeeIncomeLoansAndLeases $44.45M USD 1 Quarter
Securities and other InterestAndDividendIncomeSecurities $8.31M USD 1 Quarter
Securities and other InterestAndDividendIncomeSecurities $10.03M USD 1 Quarter
Total interest and dividend income InterestAndDividendIncomeOperating $68.48M USD 1 Quarter
Total interest and dividend income InterestAndDividendIncomeOperating $52.75M USD 1 Quarter
Deposits InterestExpenseDeposits $4.95M USD 1 Quarter
Deposits InterestExpenseDeposits $7.16M USD 1 Quarter
Borrowings InterestExpenseBorrowings $3.62M USD 1 Quarter
Borrowings InterestExpenseBorrowings $2.31M USD 1 Quarter
Total interest expense InterestExpense $10.78M USD 1 Quarter
Total interest expense InterestExpense $7.26M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $45.49M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $57.70M USD 1 Quarter
Loan related income NoninterestIncomeOtherOperatingIncome $3.05M USD 1 Quarter
Loan related income NoninterestIncomeOtherOperatingIncome $1.28M USD 1 Quarter
Mortgage banking income FeesAndCommissionsMortgageBanking $1.25M USD 1 Quarter
Mortgage banking income FeesAndCommissionsMortgageBanking $821.00K USD 1 Quarter
Deposit related fees FeesAndCommissionsDepositorAccounts $6.11M USD 1 Quarter
Deposit related fees FeesAndCommissionsDepositorAccounts $5.68M USD 1 Quarter
Insurance commissions and fees InsuranceCommissionsAndFees $2.97M USD 1 Quarter
Insurance commissions and fees InsuranceCommissionsAndFees $2.89M USD 1 Quarter
Wealth management fees AssetManagementFees1 $2.50M USD 1 Quarter
Wealth management fees AssetManagementFees1 $2.60M USD 1 Quarter
Total fee income FeesAndCommissions $15.37M USD 1 Quarter
Total fee income FeesAndCommissions $13.78M USD 1 Quarter
Other NoninterestIncomeOther $223.00K USD 1 Quarter
Other NoninterestIncomeOther $-1.25M USD 1 Quarter
Gain on sale of securities, net GainLossOnSaleOfSecuritiesNet $36.00K USD 1 Quarter
Gain on sale of securities, net GainLossOnSaleOfSecuritiesNet $34.00K USD 1 Quarter
Total non-interest income NoninterestIncome $15.63M USD 1 Quarter
Total non-interest income NoninterestIncome $12.56M USD 1 Quarter
Total net revenue Revenues $58.05M USD 1 Quarter
Total net revenue Revenues $73.33M USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $3.85M USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $4.01M USD 1 Quarter
Compensation and benefits LaborAndRelatedExpense $25.71M USD 1 Quarter
Compensation and benefits LaborAndRelatedExpense $21.81M USD 1 Quarter
Occupancy and equipment OccupancyAndEquipment $7.11M USD 1 Quarter
Occupancy and equipment OccupancyAndEquipment $6.69M USD 1 Quarter
Technology and communications CommunicationsAndInformationTechnology $4.86M USD 1 Quarter
Technology and communications CommunicationsAndInformationTechnology $3.59M USD 1 Quarter
Marketing and promotion MarketingExpense $673.00K USD 1 Quarter
Marketing and promotion MarketingExpense $713.00K USD 1 Quarter
Professional services ProfessionalFees $1.28M USD 1 Quarter
Professional services ProfessionalFees $1.27M USD 1 Quarter
FDIC premiums and assessments FederalDepositInsuranceCorporationPremiumExpense $1.23M USD 1 Quarter
FDIC premiums and assessments FederalDepositInsuranceCorporationPremiumExpense $1.13M USD 1 Quarter
Other real estate owned and foreclosures OtherRealEstateOwned $251.00K USD 1 Quarter
Other real estate owned and foreclosures OtherRealEstateOwned $263.00K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $901.00K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $819.00K USD 1 Quarter
Acquisition, restructuring and conversion related expenses OtherNonrecurringExpense $4.42M USD 1 Quarter
Acquisition, restructuring and conversion related expenses OtherNonrecurringExpense $780.00K USD 1 Quarter
Other OtherNoninterestExpense $4.79M USD 1 Quarter
Other OtherNoninterestExpense $3.95M USD 1 Quarter
Total non-interest expense NoninterestExpense $45.15M USD 1 Quarter
Total non-interest expense NoninterestExpense $47.10M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $9.06M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $22.22M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $6.22M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $297.00K USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $16.00M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $8.76M USD 1 Quarter
Basic (USD per share) EarningsPerShareBasic $0.35 USD 1 Quarter
Basic (USD per share) EarningsPerShareBasic $0.52 USD 1 Quarter
Diluted (USD per share) EarningsPerShareDiluted $0.52 USD 1 Quarter
Diluted (USD per share) EarningsPerShareDiluted $0.35 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 30.51M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 24.80M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 24.95M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 30.69M shares 1 Quarter
Cash Flow Statement 98 line items
Line Item Tag Value Unit Period
Net income NetIncomeLossAvailableToCommonStockholdersBasic $16.00M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $8.76M USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $3.85M USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $4.01M USD 1 Quarter
Net amortization of securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $317.00K USD 1 Quarter
Net amortization of securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-725.00K USD 1 Quarter
Change in unamortized net loan costs and premiums ChangeInUnamortizedNetLoanCostsAndPremiums $-72.00K USD 1 Quarter
Change in unamortized net loan costs and premiums ChangeInUnamortizedNetLoanCostsAndPremiums $-398.00K USD 1 Quarter
Premises and equipment depreciation and amortization expense DepreciationAndAmortization $2.10M USD 1 Quarter
Premises and equipment depreciation and amortization expense DepreciationAndAmortization $2.15M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $1.16M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $993.00K USD 1 Quarter
Accretion of purchase accounting entries, net AdjustmentForAmortization $-2.47M USD 1 Quarter
Accretion of purchase accounting entries, net AdjustmentForAmortization $-367.00K USD 1 Quarter
Amortization of other intangibles AmortizationOfIntangibleAssets $901.00K USD 1 Quarter
Amortization of other intangibles AmortizationOfIntangibleAssets $819.00K USD 1 Quarter
Excess tax loss from stock-based payment arrangements ExcessTaxLossFromStockBasedPaymentArrangements $99.00K USD 1 Quarter
Excess tax loss from stock-based payment arrangements ExcessTaxLossFromStockBasedPaymentArrangements $-23.00K USD 1 Quarter
Income from cash surrender value of bank-owned life insurance policies BankOwnedLifeInsuranceIncome $1.05M USD 1 Quarter
Income from cash surrender value of bank-owned life insurance policies BankOwnedLifeInsuranceIncome $714.00K USD 1 Quarter
Gain on sales of securities, net MarketableSecuritiesRealizedGainLoss $35.00K USD 1 Quarter
Gain on sales of securities, net MarketableSecuritiesRealizedGainLoss $34.00K USD 1 Quarter
Net (increase) in loans held for sale IncreaseDecreaseInLoansHeldForSale $9.81M USD 1 Quarter
Net (increase) in loans held for sale IncreaseDecreaseInLoansHeldForSale $2.73M USD 1 Quarter
Loss on disposition of assets GainLossOnDispositionOfAssets - USD 1 Quarter
Loss on disposition of assets GainLossOnDispositionOfAssets $-1.14M USD 1 Quarter
Loss on sale of real estate GainsLossesOnSalesOfOtherRealEstate $-54.00K USD 1 Quarter
Loss on sale of real estate GainsLossesOnSalesOfOtherRealEstate $-154.00K USD 1 Quarter
Amortization of interest in tax-advantaged projects AmortizationOfTaxCredits - USD 1 Quarter
Amortization of interest in tax-advantaged projects AmortizationOfTaxCredits $991.00K USD 1 Quarter
Net change in other OtherNoncashIncomeExpense $3.26M USD 1 Quarter
Net change in other OtherNoncashIncomeExpense $10.29M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $9.31M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $3.80M USD 1 Quarter
Proceeds from payments on trading security IncreaseDecreaseInTradingSecurities $-148.00K USD 1 Quarter
Proceeds from payments on trading security IncreaseDecreaseInTradingSecurities $-142.00K USD 1 Quarter
Proceeds from sales of securities available for sale ProceedsFromSaleOfAvailableForSaleSecurities $7.00M USD 1 Quarter
Proceeds from sales of securities available for sale ProceedsFromSaleOfAvailableForSaleSecurities $4.69M USD 1 Quarter
Proceeds from maturities, calls and prepayments of securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $40.55M USD 1 Quarter
Proceeds from maturities, calls and prepayments of securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $40.83M USD 1 Quarter
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecurities $41.07M USD 1 Quarter
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecurities $46.44M USD 1 Quarter
Proceeds from maturities, calls and prepayments of securities held to maturity ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities $729.00K USD 1 Quarter
Proceeds from maturities, calls and prepayments of securities held to maturity ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities $3.44M USD 1 Quarter
Purchases of securities held to maturity PaymentsToAcquireHeldToMaturitySecurities $200.00K USD 1 Quarter
Purchases of securities held to maturity PaymentsToAcquireHeldToMaturitySecurities $52.00K USD 1 Quarter
Net change in loans PaymentsForProceedsFromLoansAndLeases $68.67M USD 1 Quarter
Net change in loans PaymentsForProceedsFromLoansAndLeases $-17.07M USD 1 Quarter
Proceeds from surrender of bank-owned life insurance ProceedsFromLifeInsurancePolicies $150.00K USD 1 Quarter
Proceeds from surrender of bank-owned life insurance ProceedsFromLifeInsurancePolicies - USD 1 Quarter
Proceeds from sale of Federal Home Loan Bank stock ProceedsFromSaleOfFederalReserveStock $11.49M USD 1 Quarter
Proceeds from sale of Federal Home Loan Bank stock ProceedsFromSaleOfFederalReserveStock $103.00K USD 1 Quarter
Purchase of Federal Home Loan Bank stock PaymentsToAcquireFederalReserveStock $3.12M USD 1 Quarter
Purchase of Federal Home Loan Bank stock PaymentsToAcquireFederalReserveStock $739.00K USD 1 Quarter
Net investment in limited partnership tax credits PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Net investment in limited partnership tax credits PaymentsForProceedsFromOtherInvestingActivities $1.80M USD 1 Quarter
Proceeds from the sale of premises and equipment ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
Proceeds from the sale of premises and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $168.00K USD 1 Quarter
Purchase of premises and equipment, net PaymentsToAcquirePropertyPlantAndEquipment $2.38M USD 1 Quarter
Purchase of premises and equipment, net PaymentsToAcquirePropertyPlantAndEquipment $946.00K USD 1 Quarter
Proceeds from sale of other real estate ProceedsFromSaleOfOtherRealEstate $446.00K USD 1 Quarter
Proceeds from sale of other real estate ProceedsFromSaleOfOtherRealEstate $578.00K USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $29.33M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-67.20M USD 1 Quarter
Net increase in deposits IncreaseDecreaseInDeposits $25.96M USD 1 Quarter
Net increase in deposits IncreaseDecreaseInDeposits $65.01M USD 1 Quarter
Proceeds from Federal Home Loan Bank advances and other borrowings ProceedsFromIssuanceOfLongTermDebt $2.20B USD 1 Quarter
Proceeds from Federal Home Loan Bank advances and other borrowings ProceedsFromIssuanceOfLongTermDebt $2.12B USD 1 Quarter
Repayments of Federal Home Loan Bank advances and other borrowings RepaymentsOfLongTermDebt $2.21B USD 1 Quarter
Repayments of Federal Home Loan Bank advances and other borrowings RepaymentsOfLongTermDebt $2.21B USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $116.00K USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $25.00K USD 1 Quarter
Excess tax loss from stock-based payment arrangements BenefitOfExcessTaxLossFromStockBasedPaymentArrangementsOnCashFromInvestingActivities $99.00K USD 1 Quarter
Excess tax loss from stock-based payment arrangements BenefitOfExcessTaxLossFromStockBasedPaymentArrangementsOnCashFromInvestingActivities $-23.00K USD 1 Quarter
Common stock cash dividends paid PaymentsOfDividendsCommonStock $6.22M USD 1 Quarter
Common stock cash dividends paid PaymentsOfDividendsCommonStock $4.80M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-73.38M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $53.86M USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-9.54M USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-34.74M USD 1 Quarter
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $103.56M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $62.21M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $71.75M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $68.82M USD Point-in-time
Cash and cash equivalents at end of year CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $103.56M USD Point-in-time
Cash and cash equivalents at end of year CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $62.21M USD Point-in-time
Cash and cash equivalents at end of year CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $71.75M USD Point-in-time
Cash and cash equivalents at end of year CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $68.82M USD Point-in-time
Interest paid on deposits InterestPaidOnDeposits $6.97M USD 1 Quarter
Interest paid on deposits InterestPaidOnDeposits $4.90M USD 1 Quarter
Interest paid on borrowed funds InterestPaid $3.51M USD 1 Quarter
Interest paid on borrowed funds InterestPaid $2.31M USD 1 Quarter
Income taxes (refunded) paid, net IncomeTaxesPaidNet $274.00K USD 1 Quarter
Income taxes (refunded) paid, net IncomeTaxesPaidNet $-370.00K USD 1 Quarter
Other net comprehensive income OtherSignificantNoncashTransactionValueOfConsiderationGiven1 $2.49M USD 1 Quarter
Other net comprehensive income OtherSignificantNoncashTransactionValueOfConsiderationGiven1 $8.15M USD 1 Quarter
Real estate owned acquired in settlement of loans RealEstateOwnedAcquiredInSettlementOfLoans $215.00K USD 1 Quarter
Real estate owned acquired in settlement of loans RealEstateOwnedAcquiredInSettlementOfLoans $127.00K USD 1 Quarter
Stockholders Equity 35 line items
Line Item Tag Value Unit Period
Cash dividends declared (USD per share) CommonStockDividendsPerShareDeclared $0.19 USD 1 Quarter
Cash dividends declared (USD per share) CommonStockDividendsPerShareDeclared $0.20 USD 1 Quarter
Fair value of Hampden shares previously owned by the Company prior to acquisition BusinessCombinationConsiderationTransferredEquityInterestsIssuedandIssuableValueOfSharesOwnedByAcquirer $2.90M USD 1 Quarter
Eliminated value of Berkshire Hills Bancorp stock held by a subsidiary (shares) BusinessCombinationConsiderationTransferredEquityInterestsIssuedandIssuableNumberofSharesOwnedByAcquirer 108,931.00 shares 1 Quarter
Treasury stock, shares acquired (shares) TreasuryStockSharesAcquired 60,000.00 shares 1 Quarter
Balance StockholdersEquity $716.23M USD Point-in-time
Balance StockholdersEquity $905.84M USD Point-in-time
Balance StockholdersEquity $887.19M USD Point-in-time
Balance StockholdersEquity $709.29M USD Point-in-time
Net income NetIncomeLossAvailableToCommonStockholdersBasic $16.00M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $8.76M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $2.49M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $8.15M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $11.25M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $24.15M USD 1 Quarter
Cash dividends declared DividendsCommonStockCash $4.80M USD 1 Quarter
Cash dividends declared DividendsCommonStockCash $6.22M USD 1 Quarter
Treasury stock purchased and adjustment TreasuryStockValueAcquiredCostMethod - USD 1 Quarter
Treasury stock purchased and adjustment TreasuryStockValueAcquiredCostMethod - USD 1 Quarter
Forfeited shares StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures - USD 1 Quarter
Forfeited shares StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures - USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $25.00K USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $116.00K USD 1 Quarter
Restricted stock grants StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures - USD 1 Quarter
Restricted stock grants StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures - USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.16M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $993.00K USD 1 Quarter
Net tax benefit related to stock-based compensation AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet $-23.00K USD 1 Quarter
Net tax benefit related to stock-based compensation AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet $99.00K USD 1 Quarter
Other, net StockholdersEquityOther $592.00K USD 1 Quarter
Other, net StockholdersEquityOther $569.00K USD 1 Quarter
Balance StockholdersEquity $716.23M USD Point-in-time
Balance StockholdersEquity $905.84M USD Point-in-time
Balance StockholdersEquity $887.19M USD Point-in-time
Balance StockholdersEquity $709.29M USD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Net income NetIncomeLossAvailableToCommonStockholdersBasic $16.00M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $8.76M USD 1 Quarter
Changes in unrealized gain on securities available-for-sale OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $17.71M USD 1 Quarter
Changes in unrealized gain on securities available-for-sale OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $9.34M USD 1 Quarter
Changes in unrealized loss on derivative hedges OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $-3.90M USD 1 Quarter
Changes in unrealized loss on derivative hedges OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $-4.51M USD 1 Quarter
Changes in unrealized loss on pension OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $1.53M USD 1 Quarter
Changes in unrealized loss on pension OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax - USD 1 Quarter
Changes in unrealized gain on securities available-for-sale OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $3.60M USD 1 Quarter
Changes in unrealized gain on securities available-for-sale OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $6.86M USD 1 Quarter
Changes in unrealized loss on derivative hedges OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $-1.57M USD 1 Quarter
Changes in unrealized loss on derivative hedges OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $-1.81M USD 1 Quarter
Changes in unrealized loss on pension OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $617.00K USD 1 Quarter
Changes in unrealized loss on pension OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax - USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $2.49M USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $8.15M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $11.25M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $24.15M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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