ebc-20220630FALSE000181054612-312022Q2http://fasb.org/us-gaap/2022#AccountingStandardsUpdate201613MemberP3Y00018105462022-01-012022-06-3000018105462022-08-03xbrli:shares00018105462022-06-30iso4217:USD00018105462021-12-310001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:ConstructionLoansMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:ConstructionLoansMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546ebc:BusinessBankingMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546ebc:BusinessBankingMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMember2022-06-300001810546us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMember2021-12-310001810546us-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001810546us-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310001810546ebc:OtherConsumerLoansMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001810546ebc:OtherConsumerLoansMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-31iso4217:USDxbrli:shares00018105462022-04-012022-06-3000018105462021-04-012021-06-3000018105462021-01-012021-06-300001810546us-gaap:CommonStockMember2021-03-310001810546us-gaap:AdditionalPaidInCapitalMember2021-03-310001810546us-gaap:RetainedEarningsMember2021-03-310001810546us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-310001810546us-gaap:DeferredCompensationShareBasedPaymentsMember2021-03-3100018105462021-03-310001810546us-gaap:RetainedEarningsMember2021-04-012021-06-300001810546us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-04-012021-06-300001810546us-gaap:AdditionalPaidInCapitalMember2021-04-012021-06-300001810546us-gaap:DeferredCompensationShareBasedPaymentsMember2021-04-012021-06-300001810546us-gaap:CommonStockMember2021-06-300001810546us-gaap:AdditionalPaidInCapitalMember2021-06-300001810546us-gaap:RetainedEarningsMember2021-06-300001810546us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-06-300001810546us-gaap:DeferredCompensationShareBasedPaymentsMember2021-06-3000018105462021-06-300001810546us-gaap:CommonStockMember2022-03-310001810546us-gaap:AdditionalPaidInCapitalMember2022-03-310001810546us-gaap:RetainedEarningsMember2022-03-310001810546us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-310001810546us-gaap:DeferredCompensationShareBasedPaymentsMember2022-03-3100018105462022-03-310001810546us-gaap:RetainedEarningsMember2022-04-012022-06-300001810546us-gaap:CommonStockMember2022-04-012022-06-300001810546us-gaap:AdditionalPaidInCapitalMember2022-04-012022-06-300001810546us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-04-012022-06-300001810546us-gaap:DeferredCompensationShareBasedPaymentsMember2022-04-012022-06-300001810546us-gaap:CommonStockMember2022-06-300001810546us-gaap:AdditionalPaidInCapitalMember2022-06-300001810546us-gaap:RetainedEarningsMember2022-06-300001810546us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-06-300001810546us-gaap:DeferredCompensationShareBasedPaymentsMember2022-06-300001810546us-gaap:CommonStockMember2020-12-310001810546us-gaap:AdditionalPaidInCapitalMember2020-12-310001810546us-gaap:RetainedEarningsMember2020-12-310001810546us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310001810546us-gaap:DeferredCompensationShareBasedPaymentsMember2020-12-3100018105462020-12-310001810546srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:RetainedEarningsMember2020-12-310001810546srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2020-12-310001810546us-gaap:RetainedEarningsMember2021-01-012021-06-300001810546us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-06-300001810546us-gaap:AdditionalPaidInCapitalMember2021-01-012021-06-300001810546us-gaap:DeferredCompensationShareBasedPaymentsMember2021-01-012021-06-300001810546us-gaap:CommonStockMember2021-12-310001810546us-gaap:AdditionalPaidInCapitalMember2021-12-310001810546us-gaap:RetainedEarningsMember2021-12-310001810546us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310001810546us-gaap:DeferredCompensationShareBasedPaymentsMember2021-12-3100018105462021-01-012021-12-310001810546srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:RetainedEarningsMember2021-12-310001810546srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2021-12-310001810546us-gaap:RetainedEarningsMember2022-01-012022-06-300001810546us-gaap:CommonStockMember2022-01-012022-06-300001810546us-gaap:AdditionalPaidInCapitalMember2022-01-012022-06-300001810546us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-06-300001810546us-gaap:DeferredCompensationShareBasedPaymentsMember2022-01-012022-06-300001810546srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2022-01-010001810546srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2022-01-012022-01-010001810546srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:RetainedEarningsMemberus-gaap:AccountingStandardsUpdate201613Member2022-01-010001810546srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Member2022-01-012022-01-010001810546us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2022-06-300001810546ebc:CommercialMortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2022-06-300001810546us-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-06-300001810546us-gaap:USTreasurySecuritiesMember2022-06-300001810546us-gaap:USStatesAndPoliticalSubdivisionsMember2022-06-300001810546us-gaap:OtherDebtSecuritiesMember2022-06-300001810546us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-12-310001810546ebc:CommercialMortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-12-310001810546us-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-12-310001810546us-gaap:USTreasurySecuritiesMember2021-12-310001810546us-gaap:USStatesAndPoliticalSubdivisionsMember2021-12-310001810546ebc:SmallBusinessAdministrationPooledSecuritiesMember2021-12-310001810546us-gaap:OtherDebtSecuritiesMember2021-12-310001810546us-gaap:ResidentialMortgageBackedSecuritiesMember2022-06-30ebc:holding0001810546us-gaap:CommercialMortgageBackedSecuritiesMember2022-06-300001810546us-gaap:ResidentialMortgageBackedSecuritiesMember2021-12-310001810546us-gaap:CommercialMortgageBackedSecuritiesMember2021-12-310001810546ebc:CenturyBancorpIncMember2022-06-300001810546ebc:CenturyBancorpIncMember2021-12-310001810546ebc:OtherConsumerMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001810546ebc:OtherConsumerMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310001810546us-gaap:AutomobileLoanMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001810546us-gaap:AutomobileLoanMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310001810546us-gaap:AssetPledgedAsCollateralMemberus-gaap:FederalHomeLoanBankAdvancesMember2022-06-300001810546us-gaap:AssetPledgedAsCollateralMemberus-gaap:FederalHomeLoanBankAdvancesMember2021-12-310001810546us-gaap:FederalHomeLoanBankAdvancesMember2022-06-300001810546us-gaap:FederalHomeLoanBankAdvancesMember2021-12-310001810546us-gaap:AssetPledgedAsCollateralMemberus-gaap:FederalReserveBankAdvancesMember2022-06-300001810546us-gaap:AssetPledgedAsCollateralMemberus-gaap:FederalReserveBankAdvancesMember2021-12-310001810546us-gaap:FederalReserveBankAdvancesMember2021-12-310001810546us-gaap:FederalReserveBankAdvancesMember2022-06-300001810546us-gaap:CommercialAndIndustrialSectorMember2022-03-310001810546us-gaap:CommercialRealEstateMember2022-03-310001810546us-gaap:ConstructionLoansMember2022-03-310001810546ebc:BusinessBankingMember2022-03-310001810546us-gaap:ResidentialMortgageMember2022-03-310001810546us-gaap:HomeEquityLoanMember2022-03-310001810546ebc:OtherConsumerMember2022-03-310001810546us-gaap:CommercialAndIndustrialSectorMember2022-04-012022-06-300001810546us-gaap:CommercialRealEstateMember2022-04-012022-06-300001810546us-gaap:ConstructionLoansMember2022-04-012022-06-300001810546ebc:BusinessBankingMember2022-04-012022-06-300001810546us-gaap:ResidentialMortgageMember2022-04-012022-06-300001810546us-gaap:HomeEquityLoanMember2022-04-012022-06-300001810546ebc:OtherConsumerMember2022-04-012022-06-300001810546us-gaap:CommercialAndIndustrialSectorMember2022-06-300001810546us-gaap:CommercialRealEstateMember2022-06-300001810546us-gaap:ConstructionLoansMember2022-06-300001810546ebc:BusinessBankingMember2022-06-300001810546us-gaap:ResidentialMortgageMember2022-06-300001810546us-gaap:HomeEquityLoanMember2022-06-300001810546ebc:OtherConsumerMember2022-06-300001810546ebc:OtherClassOfFinancingReceivableMember2021-12-310001810546srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommercialAndIndustrialSectorMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:ConstructionLoansMembersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberebc:BusinessBankingMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMember2021-12-310001810546srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310001810546srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberebc:OtherConsumerMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310001810546srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberebc:OtherClassOfFinancingReceivableMember2021-12-310001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:CommercialPortfolioSegmentMember2022-01-012022-06-300001810546us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-01-012022-06-300001810546us-gaap:ConstructionLoansMemberus-gaap:CommercialPortfolioSegmentMember2022-01-012022-06-300001810546ebc:BusinessBankingMemberus-gaap:CommercialPortfolioSegmentMember2022-01-012022-06-300001810546us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMember2022-01-012022-06-300001810546us-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2022-01-012022-06-300001810546ebc:OtherConsumerMemberus-gaap:ConsumerPortfolioSegmentMember2022-01-012022-06-300001810546ebc:OtherClassOfFinancingReceivableMember2022-01-012022-06-300001810546ebc:OtherClassOfFinancingReceivableMember2022-06-300001810546srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:UnfundedLoanCommitmentMember2022-01-010001810546us-gaap:UnfundedLoanCommitmentMember2022-01-010001810546us-gaap:UnfundedLoanCommitmentMember2022-06-300001810546ebc:UnratedMember2022-06-300001810546us-gaap:LineOfCreditMemberebc:BusinessBankingSegmentMemberebc:UnratedMember2022-06-300001810546us-gaap:LineOfCreditMemberus-gaap:CommercialPortfolioSegmentMemberebc:UnratedMember2022-06-300001810546us-gaap:UnlikelyToBeCollectedFinancingReceivableMember2022-06-300001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:SubstandardMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:DoubtfulMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:PassMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:SpecialMentionMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:SubstandardMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:DoubtfulMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:ConstructionLoansMemberus-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:ConstructionLoansMemberus-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:ConstructionLoansMemberus-gaap:SubstandardMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:ConstructionLoansMemberus-gaap:DoubtfulMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:ConstructionLoansMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546ebc:BusinessBankingMemberus-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:SpecialMentionMemberebc:BusinessBankingMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546ebc:BusinessBankingMemberus-gaap:SubstandardMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:DoubtfulMemberebc:BusinessBankingMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546ebc:BusinessBankingMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:ResidentialPortfolioSegmentMemberebc:FinancialAssetNotPastDueAccruingMemberus-gaap:ResidentialMortgageMember2022-06-300001810546ebc:FinancialAsset30To89DaysPastDueAccruingMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMember2022-06-300001810546ebc:FinancialAssetEqualToOrGreaterThan90DaysPastDueAccruingMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMember2022-06-300001810546us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMemberebc:NonAccrualMember2022-06-300001810546ebc:FinancialAssetNotPastDueAccruingMemberus-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001810546ebc:FinancialAsset30To89DaysPastDueAccruingMemberus-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001810546ebc:FinancialAssetEqualToOrGreaterThan90DaysPastDueAccruingMemberus-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001810546us-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMemberebc:NonAccrualMember2022-06-300001810546ebc:OtherConsumerMemberebc:FinancialAssetNotPastDueAccruingMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001810546ebc:FinancialAsset30To89DaysPastDueAccruingMemberebc:OtherConsumerMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001810546ebc:FinancialAssetEqualToOrGreaterThan90DaysPastDueAccruingMemberebc:OtherConsumerMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001810546ebc:OtherConsumerMemberus-gaap:ConsumerPortfolioSegmentMemberebc:NonAccrualMember2022-06-300001810546ebc:PaycheckProtectionProgramMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberebc:UnratedMember2022-06-300001810546ebc:PaycheckProtectionProgramMemberus-gaap:NonperformingFinancingReceivableMemberebc:BusinessBankingSegmentMemberebc:UnratedMember2022-06-300001810546ebc:PaycheckProtectionProgramMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberebc:UnratedMember2021-12-310001810546ebc:PaycheckProtectionProgramMemberus-gaap:NonperformingFinancingReceivableMemberebc:BusinessBankingSegmentMemberebc:UnratedMember2021-12-310001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:FinancialAssetPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300001810546us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:ConstructionLoansMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300001810546us-gaap:ConstructionLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:ConstructionLoansMemberus-gaap:FinancialAssetPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:ConstructionLoansMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:FinancingReceivables30To59DaysPastDueMemberebc:BusinessBankingMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546ebc:BusinessBankingMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300001810546ebc:BusinessBankingMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546ebc:BusinessBankingMemberus-gaap:FinancialAssetPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546ebc:BusinessBankingMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMember2022-06-300001810546us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300001810546us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ResidentialMortgageMember2022-06-300001810546us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberus-gaap:ResidentialMortgageMember2022-06-300001810546us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:ResidentialMortgageMember2022-06-300001810546us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001810546us-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300001810546us-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001810546us-gaap:FinancialAssetPastDueMemberus-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001810546us-gaap:FinancialAssetNotPastDueMemberus-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001810546us-gaap:FinancingReceivables30To59DaysPastDueMemberebc:OtherConsumerMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001810546ebc:OtherConsumerMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300001810546ebc:OtherConsumerMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001810546ebc:OtherConsumerMemberus-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001810546ebc:OtherConsumerMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001810546us-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300001810546us-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300001810546us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300001810546us-gaap:FinancialAssetPastDueMember2022-06-300001810546us-gaap:FinancialAssetNotPastDueMember2022-06-300001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:FinancialAssetPastDueMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310001810546us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:ConstructionLoansMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310001810546us-gaap:ConstructionLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:ConstructionLoansMemberus-gaap:FinancialAssetPastDueMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:ConstructionLoansMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:FinancingReceivables30To59DaysPastDueMemberebc:BusinessBankingMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546ebc:BusinessBankingMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310001810546ebc:BusinessBankingMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546ebc:BusinessBankingMemberus-gaap:FinancialAssetPastDueMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546ebc:BusinessBankingMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMember2021-12-310001810546us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310001810546us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ResidentialMortgageMember2021-12-310001810546us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberus-gaap:ResidentialMortgageMember2021-12-310001810546us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:ResidentialMortgageMember2021-12-310001810546us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310001810546us-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310001810546us-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310001810546us-gaap:FinancialAssetPastDueMemberus-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310001810546us-gaap:FinancialAssetNotPastDueMemberus-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310001810546us-gaap:FinancingReceivables30To59DaysPastDueMemberebc:OtherConsumerMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310001810546ebc:OtherConsumerMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310001810546ebc:OtherConsumerMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310001810546ebc:OtherConsumerMemberus-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310001810546ebc:OtherConsumerMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310001810546us-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310001810546us-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310001810546us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310001810546us-gaap:FinancialAssetPastDueMember2021-12-310001810546us-gaap:FinancialAssetNotPastDueMember2021-12-310001810546us-gaap:ResidentialPortfolioSegmentMember2022-06-300001810546us-gaap:ResidentialPortfolioSegmentMember2021-12-310001810546us-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:PaymentDeferralMemberebc:CARESActMember2022-06-300001810546us-gaap:PaymentDeferralMemberebc:CARESActMember2021-12-310001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:CommercialAndIndustrialSectorMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:CommercialPortfolioSegmentMember2022-01-012022-06-30ebc:loan0001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:CommercialAndIndustrialSectorMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:CommercialAndIndustrialSectorMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:CommercialPortfolioSegmentMember2022-01-012022-06-300001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:CommercialAndIndustrialSectorMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-01-012022-06-300001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-01-012022-06-300001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberebc:BusinessBankingMemberebc:ContractualObligationModificationMemberus-gaap:CommercialPortfolioSegmentMember2022-01-012022-06-300001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberebc:BusinessBankingMemberebc:ContractualObligationModificationMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberebc:BusinessBankingMemberebc:ContractualObligationModificationMemberus-gaap:CommercialPortfolioSegmentMember2022-01-012022-06-300001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberebc:BusinessBankingMemberebc:ContractualObligationModificationMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberus-gaap:ResidentialPortfolioSegmentMemberebc:ContractualObligationModificationMemberus-gaap:ResidentialMortgageMember2022-01-012022-06-300001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberus-gaap:ResidentialPortfolioSegmentMemberebc:ContractualObligationModificationMemberus-gaap:ResidentialMortgageMember2022-06-300001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberus-gaap:ResidentialPortfolioSegmentMemberebc:ContractualObligationModificationMemberus-gaap:ResidentialMortgageMember2022-01-012022-06-300001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberus-gaap:ResidentialPortfolioSegmentMemberebc:ContractualObligationModificationMemberus-gaap:ResidentialMortgageMember2022-06-300001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2022-01-012022-06-300001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2022-01-012022-06-300001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberebc:OtherConsumerMemberebc:ContractualObligationModificationMemberus-gaap:ConsumerPortfolioSegmentMember2022-01-012022-06-300001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberebc:OtherConsumerMemberebc:ContractualObligationModificationMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberebc:OtherConsumerMemberebc:ContractualObligationModificationMemberus-gaap:ConsumerPortfolioSegmentMember2022-01-012022-06-300001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberebc:OtherConsumerMemberebc:ContractualObligationModificationMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMember2022-01-012022-06-300001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMember2022-06-300001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMember2022-01-012022-06-300001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMember2022-06-300001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:CommercialAndIndustrialSectorMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-12-310001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:CommercialAndIndustrialSectorMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:CommercialAndIndustrialSectorMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-12-310001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:CommercialAndIndustrialSectorMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-12-310001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-12-310001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-12-310001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-12-310001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberebc:BusinessBankingMemberebc:ContractualObligationModificationMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-12-310001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberebc:BusinessBankingMemberebc:ContractualObligationModificationMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberebc:BusinessBankingMemberebc:ContractualObligationModificationMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-12-310001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberebc:BusinessBankingMemberebc:ContractualObligationModificationMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546ebc:BusinessBankingMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-12-310001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberus-gaap:ResidentialPortfolioSegmentMemberebc:ContractualObligationModificationMemberus-gaap:ResidentialMortgageMember2021-01-012021-12-310001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberus-gaap:ResidentialPortfolioSegmentMemberebc:ContractualObligationModificationMemberus-gaap:ResidentialMortgageMember2021-12-310001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberus-gaap:ResidentialPortfolioSegmentMemberebc:ContractualObligationModificationMemberus-gaap:ResidentialMortgageMember2021-01-012021-12-310001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberus-gaap:ResidentialPortfolioSegmentMemberebc:ContractualObligationModificationMemberus-gaap:ResidentialMortgageMember2021-12-310001810546us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMember2021-01-012021-12-310001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2021-01-012021-12-310001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2021-01-012021-12-310001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMemberus-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310001810546us-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2021-01-012021-12-310001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberebc:OtherConsumerMemberebc:ContractualObligationModificationMemberus-gaap:ConsumerPortfolioSegmentMember2021-01-012021-12-310001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberebc:OtherConsumerMemberebc:ContractualObligationModificationMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberebc:OtherConsumerMemberebc:ContractualObligationModificationMemberus-gaap:ConsumerPortfolioSegmentMember2021-01-012021-12-310001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberebc:OtherConsumerMemberebc:ContractualObligationModificationMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310001810546ebc:OtherConsumerMemberus-gaap:ConsumerPortfolioSegmentMember2021-01-012021-12-310001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMember2021-01-012021-12-310001810546ebc:TroubledDebtRestructuringAccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMember2021-12-310001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMember2021-01-012021-12-310001810546ebc:TroubledDebtSecuritiesNonaccrualLoansMemberus-gaap:SpecialMentionMemberebc:ContractualObligationModificationMember2021-12-310001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:CommercialPortfolioSegmentMember2022-04-012022-06-30ebc:contract0001810546ebc:BusinessBankingMemberus-gaap:CommercialPortfolioSegmentMember2022-04-012022-06-300001810546us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMember2022-04-012022-06-300001810546us-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2022-04-012022-06-300001810546ebc:BusinessBankingMemberus-gaap:CommercialPortfolioSegmentMember2021-04-012021-06-300001810546ebc:BusinessBankingMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-06-300001810546us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMember2021-04-012021-06-300001810546us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMember2021-01-012021-06-300001810546us-gaap:ExtendedMaturityMember2022-04-012022-06-300001810546us-gaap:ExtendedMaturityMember2021-04-012021-06-300001810546us-gaap:ExtendedMaturityMember2022-01-012022-06-300001810546us-gaap:ExtendedMaturityMember2021-01-012021-06-300001810546ebc:ExtendedMaturityAndInterestOnlyPrincipalDeferredMember2022-04-012022-06-300001810546ebc:ExtendedMaturityAndInterestOnlyPrincipalDeferredMember2021-04-012021-06-300001810546ebc:ExtendedMaturityAndInterestOnlyPrincipalDeferredMember2022-01-012022-06-300001810546ebc:ExtendedMaturityAndInterestOnlyPrincipalDeferredMember2021-01-012021-06-300001810546ebc:InterestOrPrincipalDeferredMember2022-04-012022-06-300001810546ebc:InterestOrPrincipalDeferredMember2021-04-012021-06-300001810546ebc:InterestOrPrincipalDeferredMember2022-01-012022-06-300001810546ebc:InterestOrPrincipalDeferredMember2021-01-012021-06-300001810546ebc:CovenantModificationMember2022-04-012022-06-300001810546ebc:CovenantModificationMember2021-04-012021-06-300001810546ebc:CovenantModificationMember2022-01-012022-06-300001810546ebc:CovenantModificationMember2021-01-012021-06-300001810546ebc:CourtOrderedConcessionMember2022-04-012022-06-300001810546ebc:CourtOrderedConcessionMember2021-04-012021-06-300001810546ebc:CourtOrderedConcessionMember2022-01-012022-06-300001810546ebc:CourtOrderedConcessionMember2021-01-012021-06-300001810546ebc:PrincipalAndInterestDeferredMember2022-04-012022-06-300001810546ebc:PrincipalAndInterestDeferredMember2021-04-012021-06-300001810546ebc:PrincipalAndInterestDeferredMember2022-01-012022-06-300001810546ebc:PrincipalAndInterestDeferredMember2021-01-012021-06-300001810546us-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2021-04-012021-06-300001810546us-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2021-01-012021-06-300001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:CommercialPortfolioSegmentMember2022-06-30xbrli:pure0001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:CommercialPortfolioSegmentMember2022-01-012022-06-300001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-12-310001810546us-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-01-012022-06-300001810546us-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-12-310001810546us-gaap:ConstructionLoansMemberus-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546us-gaap:ConstructionLoansMemberus-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:CommercialPortfolioSegmentMember2022-01-012022-06-300001810546us-gaap:ConstructionLoansMemberus-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:ConstructionLoansMemberus-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-12-310001810546ebc:BusinessBankingMemberus-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001810546ebc:BusinessBankingMemberus-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:CommercialPortfolioSegmentMember2022-01-012022-06-300001810546ebc:BusinessBankingMemberus-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546ebc:BusinessBankingMemberus-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-12-310001810546us-gaap:LoanParticipationsAndAssignmentsMember2022-06-300001810546us-gaap:LoanParticipationsAndAssignmentsMember2022-01-012022-06-300001810546us-gaap:LoanParticipationsAndAssignmentsMember2021-12-310001810546us-gaap:LoanParticipationsAndAssignmentsMember2021-01-012021-12-310001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:CommercialPortfolioSegmentMember2021-03-310001810546us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-03-310001810546us-gaap:ConstructionLoansMemberus-gaap:CommercialPortfolioSegmentMember2021-03-310001810546ebc:BusinessBankingMemberus-gaap:CommercialPortfolioSegmentMember2021-03-310001810546us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMember2021-03-310001810546us-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2021-03-310001810546ebc:OtherConsumerMemberus-gaap:ConsumerPortfolioSegmentMember2021-03-310001810546ebc:OtherClassOfFinancingReceivableMember2021-03-310001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:CommercialPortfolioSegmentMember2021-04-012021-06-300001810546us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-04-012021-06-300001810546us-gaap:ConstructionLoansMemberus-gaap:CommercialPortfolioSegmentMember2021-04-012021-06-300001810546ebc:OtherConsumerMemberus-gaap:ConsumerPortfolioSegmentMember2021-04-012021-06-300001810546ebc:OtherClassOfFinancingReceivableMember2021-04-012021-06-300001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:CommercialPortfolioSegmentMember2021-06-300001810546us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-06-300001810546us-gaap:ConstructionLoansMemberus-gaap:CommercialPortfolioSegmentMember2021-06-300001810546ebc:BusinessBankingMemberus-gaap:CommercialPortfolioSegmentMember2021-06-300001810546us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMember2021-06-300001810546us-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300001810546ebc:OtherConsumerMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300001810546ebc:OtherClassOfFinancingReceivableMember2021-06-300001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:CommercialPortfolioSegmentMember2020-12-310001810546us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2020-12-310001810546us-gaap:ConstructionLoansMemberus-gaap:CommercialPortfolioSegmentMember2020-12-310001810546ebc:BusinessBankingMemberus-gaap:CommercialPortfolioSegmentMember2020-12-310001810546us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMember2020-12-310001810546us-gaap:HomeEquityLoanMemberus-gaap:ConsumerPortfolioSegmentMember2020-12-310001810546ebc:OtherConsumerMemberus-gaap:ConsumerPortfolioSegmentMember2020-12-310001810546ebc:OtherClassOfFinancingReceivableMember2020-12-310001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-06-300001810546us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-06-300001810546us-gaap:ConstructionLoansMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-06-300001810546ebc:OtherConsumerMemberus-gaap:ConsumerPortfolioSegmentMember2021-01-012021-06-300001810546ebc:OtherClassOfFinancingReceivableMember2021-01-012021-06-300001810546us-gaap:ConstructionLoansMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-12-310001810546ebc:OtherClassOfFinancingReceivableMember2021-01-012021-12-310001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberebc:UnratedMember2021-12-310001810546us-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberebc:UnratedMember2021-12-310001810546us-gaap:ConstructionLoansMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberebc:UnratedMember2021-12-310001810546ebc:BusinessBankingMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberebc:UnratedMember2021-12-310001810546us-gaap:NonperformingFinancingReceivableMemberebc:UnratedMember2021-12-310001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:PassMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:PassMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:ConstructionLoansMemberus-gaap:PassMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546ebc:BusinessBankingMemberus-gaap:PassMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:PassMemberus-gaap:NonperformingFinancingReceivableMember2021-12-310001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:SpecialMentionMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:SpecialMentionMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:ConstructionLoansMemberus-gaap:SpecialMentionMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:SpecialMentionMemberebc:BusinessBankingMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:SpecialMentionMemberus-gaap:NonperformingFinancingReceivableMember2021-12-310001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:SubstandardMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:NonperformingFinancingReceivableMemberus-gaap:SubstandardMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:ConstructionLoansMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:SubstandardMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546ebc:BusinessBankingMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:SubstandardMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:NonperformingFinancingReceivableMemberus-gaap:SubstandardMember2021-12-310001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:DoubtfulMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:DoubtfulMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:ConstructionLoansMemberus-gaap:DoubtfulMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:DoubtfulMemberebc:BusinessBankingMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:DoubtfulMemberus-gaap:NonperformingFinancingReceivableMember2021-12-310001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:NonperformingFinancingReceivableMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:ConstructionLoansMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546ebc:BusinessBankingMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:NonperformingFinancingReceivableMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2021-12-310001810546us-gaap:CommercialAndIndustrialSectorMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:ConstructionLoansMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546ebc:BusinessBankingMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310001810546us-gaap:NonperformingFinancingReceivableMember2021-12-310001810546us-gaap:CommercialAndIndustrialSectorMemberebc:PaycheckProtectionProgramMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberebc:UnratedMember2021-12-310001810546ebc:PaycheckProtectionProgramMemberebc:BusinessBankingMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberebc:UnratedMember2021-12-310001810546us-gaap:EstimateOfFairValueFairValueDisclosureMember2021-01-012021-12-310001810546us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-01-012021-12-310001810546srt:MinimumMember2022-06-300001810546srt:MaximumMember2022-06-300001810546ebc:BankingBusinessMember2022-06-300001810546ebc:InsuranceBusinessMember2022-06-300001810546ebc:BankingBusinessMemberebc:InsuranceAgencyMember2022-06-300001810546ebc:InsuranceAgencyMemberebc:InsuranceBusinessMember2022-06-300001810546ebc:InsuranceAgencyMember2022-06-300001810546us-gaap:CoreDepositsMemberebc:BankingBusinessMember2022-06-300001810546us-gaap:CoreDepositsMemberebc:InsuranceBusinessMember2022-06-300001810546us-gaap:CoreDepositsMember2022-06-300001810546ebc:BankingBusinessMember2021-12-310001810546ebc:InsuranceBusinessMember2021-12-310001810546ebc:BankingBusinessMemberebc:InsuranceAgencyMember2021-12-310001810546ebc:InsuranceAgencyMemberebc:InsuranceBusinessMember2021-12-310001810546ebc:InsuranceAgencyMember2021-12-310001810546us-gaap:CoreDepositsMemberebc:BankingBusinessMember2021-12-310001810546us-gaap:CoreDepositsMemberebc:InsuranceBusinessMember2021-12-310001810546us-gaap:CoreDepositsMember2021-12-310001810546us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember2022-01-012022-06-30ebc:agencyebc:reporting_unit0001810546ebc:LowIncomeHousingTaxCreditAndOtherTaxCreditInvestmentsMember2022-01-012022-06-300001810546us-gaap:RenewableEnergyProgramMember2022-06-300001810546us-gaap:RenewableEnergyProgramMember2021-12-3100018105462021-11-1200018105462021-11-122021-11-1200018105462022-01-012022-01-3100018105462022-01-3100018105462022-02-012022-02-2800018105462022-02-2800018105462022-03-012022-03-3100018105462022-04-012022-04-3000018105462022-04-3000018105462022-05-012022-05-3100018105462022-05-3100018105462022-06-012022-06-3000018105462022-01-012022-03-3100018105462021-01-012021-03-310001810546us-gaap:PensionPlansDefinedBenefitMember2022-01-012022-06-300001810546us-gaap:PensionPlansDefinedBenefitMember2021-04-012021-06-300001810546us-gaap:PensionPlansDefinedBenefitMember2021-01-012021-06-300001810546us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-06-300001810546us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-12-310001810546us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:CashAndCashEquivalentsMember2022-06-300001810546us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:CashAndCashEquivalentsMember2021-12-310001810546us-gaap:EquitySecuritiesMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-06-300001810546us-gaap:EquitySecuritiesMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-12-310001810546us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:FixedIncomeSecuritiesMember2022-06-300001810546us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:FixedIncomeSecuritiesMember2021-12-310001810546ebc:EasternBanksharesInc2021EquityIncentivePlanMember2021-11-290001810546ebc:EasternBanksharesInc2021EquityIncentivePlanMemberus-gaap:RestrictedStockUnitsRSUMember2021-11-290001810546us-gaap:EmployeeStockOptionMemberebc:EasternBanksharesInc2021EquityIncentivePlanMember2021-11-2900018105462021-11-290001810546ebc:EasternBanksharesInc2021EquityIncentivePlanMemberus-gaap:RestrictedStockMember2021-11-292021-11-290001810546us-gaap:EmployeeStockOptionMemberebc:EasternBanksharesInc2021EquityIncentivePlanMember2021-11-292021-11-290001810546us-gaap:RestrictedStockUnitsRSUMember2022-03-012022-03-010001810546ebc:EasternBanksharesInc2021EquityIncentivePlanMemberus-gaap:RestrictedStockUnitsRSUMembersrt:MinimumMember2022-03-012022-03-010001810546ebc:EasternBanksharesInc2021EquityIncentivePlanMemberus-gaap:RestrictedStockUnitsRSUMembersrt:MaximumMember2022-03-012022-03-010001810546us-gaap:PerformanceSharesMember2022-03-012022-03-010001810546us-gaap:RestrictedStockMember2022-05-172022-05-170001810546ebc:EasternBanksharesInc2021EquityIncentivePlanMemberus-gaap:RestrictedStockMember2022-05-172022-05-170001810546ebc:EasternBanksharesInc2021EquityIncentivePlanMemberus-gaap:RestrictedStockUnitsRSUMember2022-06-300001810546ebc:EasternBanksharesInc2021EquityIncentivePlanMemberus-gaap:RestrictedStockUnitsRSUMember2021-12-310001810546us-gaap:EmployeeStockOptionMemberebc:EasternBanksharesInc2021EquityIncentivePlanMember2022-06-300001810546us-gaap:EmployeeStockOptionMemberebc:EasternBanksharesInc2021EquityIncentivePlanMember2021-12-310001810546us-gaap:EmployeeStockOptionMemberebc:EasternBanksharesInc2021EquityIncentivePlanMember2021-11-292021-12-310001810546us-gaap:EmployeeStockOptionMemberebc:EasternBanksharesInc2021EquityIncentivePlanMember2021-11-292022-06-300001810546us-gaap:RestrictedStockMember2021-12-310001810546us-gaap:RestrictedStockMember2022-01-012022-06-300001810546us-gaap:RestrictedStockMember2022-06-300001810546us-gaap:RestrictedStockUnitsRSUMember2021-12-310001810546us-gaap:RestrictedStockUnitsRSUMember2022-01-012022-06-300001810546us-gaap:RestrictedStockUnitsRSUMember2022-06-300001810546us-gaap:PerformanceSharesMember2021-12-310001810546us-gaap:PerformanceSharesMember2022-01-012022-06-300001810546us-gaap:PerformanceSharesMember2022-06-300001810546ebc:EasternBanksharesInc2021EquityIncentivePlanMemberus-gaap:RestrictedStockUnitsRSUMember2021-11-292022-06-300001810546ebc:EasternBanksharesInc2021EquityIncentivePlanMemberus-gaap:RestrictedStockUnitsRSUMember2021-11-292021-12-310001810546ebc:EasternBanksharesInc2021EquityIncentivePlanMember2022-04-012022-06-300001810546ebc:EasternBanksharesInc2021EquityIncentivePlanMember2022-01-012022-06-300001810546ebc:EasternBanksharesInc2021EquityIncentivePlanMember2021-01-012021-06-300001810546ebc:EasternBanksharesInc2021EquityIncentivePlanMember2021-04-012021-06-300001810546ebc:EasternBanksharesInc2021EquityIncentivePlanMember2022-06-300001810546ebc:EasternBanksharesInc2021EquityIncentivePlanMember2021-12-310001810546ebc:EasternBanksharesInc2021EquityIncentivePlanMember2021-01-012021-12-310001810546us-gaap:CommitmentsToExtendCreditMember2022-06-300001810546us-gaap:CommitmentsToExtendCreditMember2021-12-310001810546us-gaap:StandbyLettersOfCreditMember2022-06-300001810546us-gaap:StandbyLettersOfCreditMember2021-12-310001810546ebc:ForwardCommitmentsToSellLoansMember2022-06-300001810546ebc:ForwardCommitmentsToSellLoansMember2021-12-31ebc:settlement0001810546us-gaap:CashAndCashEquivalentsMember2021-12-310001810546us-gaap:CashAndCashEquivalentsMember2022-06-300001810546us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2022-06-300001810546us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2022-01-012022-06-300001810546ebc:ActiveCashFlowHedgesMemberus-gaap:InterestIncomeMember2022-06-300001810546ebc:AccumulatedGainLossNetTerminatedCashFlowHedgeParentMember2022-03-310001810546ebc:AccumulatedGainLossNetTerminatedCashFlowHedgeParentMember2021-03-310001810546ebc:AccumulatedGainLossNetTerminatedCashFlowHedgeParentMember2021-12-310001810546ebc:AccumulatedGainLossNetTerminatedCashFlowHedgeParentMember2020-12-310001810546ebc:AccumulatedGainLossNetTerminatedCashFlowHedgeParentMember2022-06-300001810546ebc:AccumulatedGainLossNetTerminatedCashFlowHedgeParentMember2021-06-300001810546ebc:TerminationOfCashFlowHedgesMemberus-gaap:InterestIncomeMember2022-06-300001810546us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2022-06-30ebc:position0001810546ebc:RiskParticipationAgreementsMemberus-gaap:NondesignatedMember2022-06-300001810546ebc:ForeignExchangeCurrencyContractsMatchedBookCustomerMemberus-gaap:NondesignatedMember2022-06-300001810546us-gaap:NondesignatedMemberebc:ForeignExchangeCurrencyContractsForeignCurrencyLoanMember2022-06-300001810546us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2021-12-310001810546ebc:RiskParticipationAgreementsMemberus-gaap:NondesignatedMember2021-12-310001810546ebc:ForeignExchangeCurrencyContractsMatchedBookCustomerMemberus-gaap:NondesignatedMember2021-12-310001810546us-gaap:NondesignatedMemberebc:ForeignExchangeCurrencyContractsForeignCurrencyLoanMember2021-12-310001810546us-gaap:OtherAssetsMember2022-06-300001810546us-gaap:OtherAssetsMember2021-12-310001810546us-gaap:OtherLiabilitiesMember2022-06-300001810546us-gaap:OtherLiabilitiesMember2021-12-310001810546ebc:RiskParticipationAgreementsMemberus-gaap:OtherAssetsMember2022-06-300001810546ebc:RiskParticipationAgreementsMemberus-gaap:OtherAssetsMember2021-12-310001810546us-gaap:OtherLiabilitiesMemberebc:RiskParticipationAgreementsMember2022-06-300001810546us-gaap:OtherLiabilitiesMemberebc:RiskParticipationAgreementsMember2021-12-310001810546ebc:ForeignExchangeCurrencyContractsMatchedBookCustomerMemberus-gaap:OtherAssetsMember2022-06-300001810546ebc:ForeignExchangeCurrencyContractsMatchedBookCustomerMemberus-gaap:OtherAssetsMember2021-12-310001810546ebc:ForeignExchangeCurrencyContractsMatchedBookCustomerMemberus-gaap:OtherLiabilitiesMember2022-06-300001810546ebc:ForeignExchangeCurrencyContractsMatchedBookCustomerMemberus-gaap:OtherLiabilitiesMember2021-12-310001810546us-gaap:OtherAssetsMemberebc:ForeignExchangeCurrencyContractsForeignCurrencyLoanMember2022-06-300001810546us-gaap:OtherAssetsMemberebc:ForeignExchangeCurrencyContractsForeignCurrencyLoanMember2021-12-310001810546us-gaap:OtherLiabilitiesMemberebc:ForeignExchangeCurrencyContractsForeignCurrencyLoanMember2022-06-300001810546us-gaap:OtherLiabilitiesMemberebc:ForeignExchangeCurrencyContractsForeignCurrencyLoanMember2021-12-310001810546us-gaap:InterestIncomeMember2022-04-012022-06-300001810546us-gaap:InterestIncomeMember2021-04-012021-06-300001810546us-gaap:InterestIncomeMember2022-01-012022-06-300001810546us-gaap:InterestIncomeMember2021-01-012021-06-300001810546us-gaap:NetInvestmentHedgingMemberus-gaap:InterestIncomeMember2022-04-012022-06-300001810546us-gaap:NetInvestmentHedgingMemberus-gaap:InterestIncomeMember2021-04-012021-06-300001810546us-gaap:NetInvestmentHedgingMemberus-gaap:InterestIncomeMember2022-01-012022-06-300001810546us-gaap:NetInvestmentHedgingMemberus-gaap:InterestIncomeMember2021-01-012021-06-300001810546us-gaap:OtherIncomeMember2022-04-012022-06-300001810546us-gaap:OtherIncomeMember2021-04-012021-06-300001810546us-gaap:OtherIncomeMember2022-01-012022-06-300001810546us-gaap:OtherIncomeMember2021-01-012021-06-300001810546us-gaap:InterestRateSwapMemberus-gaap:InterestIncomeMember2022-04-012022-06-300001810546us-gaap:InterestRateSwapMemberus-gaap:InterestIncomeMember2021-04-012021-06-300001810546us-gaap:InterestRateSwapMemberus-gaap:InterestIncomeMember2022-01-012022-06-300001810546us-gaap:InterestRateSwapMemberus-gaap:InterestIncomeMember2021-01-012021-06-300001810546ebc:RiskParticipationAgreementsMemberus-gaap:InterestIncomeMember2022-04-012022-06-300001810546ebc:RiskParticipationAgreementsMemberus-gaap:InterestIncomeMember2021-04-012021-06-300001810546ebc:RiskParticipationAgreementsMemberus-gaap:InterestIncomeMember2022-01-012022-06-300001810546ebc:RiskParticipationAgreementsMemberus-gaap:InterestIncomeMember2021-01-012021-06-300001810546ebc:ForeignExchangeCurrencyContractsMatchedBookCustomerMemberus-gaap:OtherIncomeMember2022-04-012022-06-300001810546ebc:ForeignExchangeCurrencyContractsMatchedBookCustomerMemberus-gaap:OtherIncomeMember2021-04-012021-06-300001810546ebc:ForeignExchangeCurrencyContractsMatchedBookCustomerMemberus-gaap:OtherIncomeMember2022-01-012022-06-300001810546ebc:ForeignExchangeCurrencyContractsMatchedBookCustomerMemberus-gaap:OtherIncomeMember2021-01-012021-06-300001810546us-gaap:OtherIncomeMemberebc:ForeignExchangeCurrencyContractsForeignCurrencyLoanMember2022-04-012022-06-300001810546us-gaap:OtherIncomeMemberebc:ForeignExchangeCurrencyContractsForeignCurrencyLoanMember2021-04-012021-06-300001810546us-gaap:OtherIncomeMemberebc:ForeignExchangeCurrencyContractsForeignCurrencyLoanMember2022-01-012022-06-300001810546us-gaap:OtherIncomeMemberebc:ForeignExchangeCurrencyContractsForeignCurrencyLoanMember2021-01-012021-06-300001810546ebc:RestrictedAssetsMemberus-gaap:CashAndCashEquivalentsMemberebc:ClearedDerivativeTransactionMember2022-06-300001810546us-gaap:AvailableforsaleSecuritiesMemberebc:RestrictedAssetsMemberebc:ClearedDerivativeTransactionMember2021-12-310001810546ebc:CustomerRelatedInterestRateSwapDerivativesMemberebc:NonClearedDerivativeTransactionsMember2022-06-300001810546ebc:CustomerRelatedInterestRateSwapDerivativesMemberebc:NonClearedDerivativeTransactionsMember2021-12-310001810546ebc:CustomerRelatedInterestRateSwapDerivativesMemberus-gaap:CashAndCashEquivalentsMemberebc:NonClearedDerivativeTransactionsMember2022-06-300001810546ebc:CustomerRelatedInterestRateSwapDerivativesMemberus-gaap:AvailableforsaleSecuritiesMemberebc:NonClearedDerivativeTransactionsMember2021-12-310001810546us-gaap:LoanOriginationCommitmentsMember2022-06-300001810546us-gaap:LoanOriginationCommitmentsMember2021-12-310001810546us-gaap:ForwardContractsMember2022-06-300001810546us-gaap:ForwardContractsMember2021-12-310001810546us-gaap:InterestRateSwapMember2022-06-300001810546us-gaap:InterestRateSwapMemberus-gaap:IndividuallyImmaterialCounterpartiesMember2022-06-300001810546ebc:RiskParticipationAgreementsMemberus-gaap:IndividuallyImmaterialCounterpartiesMember2022-06-300001810546ebc:ForeignExchangeCurrencyContractsMatchedBookCustomerMemberus-gaap:IndividuallyImmaterialCounterpartiesMember2022-06-300001810546us-gaap:IndividuallyImmaterialCounterpartiesMemberebc:ForeignExchangeCurrencyContractsForeignCurrencyLoanMember2022-06-300001810546us-gaap:IndividuallyImmaterialCounterpartiesMember2022-06-300001810546us-gaap:InterestRateSwapMemberus-gaap:IndividuallyImmaterialCounterpartiesMember2021-12-310001810546ebc:RiskParticipationAgreementsMemberus-gaap:IndividuallyImmaterialCounterpartiesMember2021-12-310001810546ebc:ForeignExchangeCurrencyContractsMatchedBookCustomerMemberus-gaap:IndividuallyImmaterialCounterpartiesMember2021-12-310001810546us-gaap:IndividuallyImmaterialCounterpartiesMemberebc:ForeignExchangeCurrencyContractsForeignCurrencyLoanMember2021-12-310001810546us-gaap:IndividuallyImmaterialCounterpartiesMember2021-12-310001810546us-gaap:CarryingReportedAmountFairValueDisclosureMembersrt:MaximumMember2022-01-012022-06-300001810546ebc:MutualFundsMemberus-gaap:FairValueInputsLevel1Member2022-06-300001810546ebc:MutualFundsMemberus-gaap:FairValueInputsLevel1Member2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel3Member2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberebc:CommercialMortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberebc:CommercialMortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel1Member2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberebc:CommercialMortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel2Member2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberebc:CommercialMortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel3Member2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMember2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:USTreasurySecuritiesMember2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USTreasurySecuritiesMember2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel3Member2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMember2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:MunicipalBondsMember2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MunicipalBondsMember2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMemberus-gaap:FairValueInputsLevel3Member2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherDebtSecuritiesMember2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:OtherDebtSecuritiesMember2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:OtherDebtSecuritiesMember2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMember2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-06-300001810546us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:FairValueMeasurementsRecurringMember2022-06-300001810546us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-06-300001810546us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-06-300001810546us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMember2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:NondesignatedMember2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:NondesignatedMember2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberus-gaap:FairValueInputsLevel3Member2022-06-300001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel3Member2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberebc:CommercialMortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberebc:CommercialMortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel1Member2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberebc:CommercialMortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel2Member2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberebc:CommercialMortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel3Member2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMember2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:USTreasurySecuritiesMember2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USTreasurySecuritiesMember2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel3Member2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMember2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:MunicipalBondsMember2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MunicipalBondsMember2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMemberus-gaap:FairValueInputsLevel3Member2021-12-310001810546ebc:SmallBusinessAdministrationPooledSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001810546ebc:SmallBusinessAdministrationPooledSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-12-310001810546ebc:SmallBusinessAdministrationPooledSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310001810546ebc:SmallBusinessAdministrationPooledSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherDebtSecuritiesMember2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:OtherDebtSecuritiesMember2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:OtherDebtSecuritiesMember2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMember2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310001810546us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310001810546us-gaap:FairValueMeasurementsNonrecurringMember2022-06-300001810546us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-06-300001810546us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-06-300001810546us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2022-06-300001810546us-gaap:FairValueMeasurementsNonrecurringMember2021-12-310001810546us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310001810546us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310001810546us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310001810546us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2022-06-300001810546us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2022-06-300001810546us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel1Member2022-06-300001810546us-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2022-06-300001810546us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel3Member2022-06-300001810546us-gaap:CarryingReportedAmountFairValueDisclosureMemberebc:CommercialMortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2022-06-300001810546us-gaap:EstimateOfFairValueFairValueDisclosureMemberebc:CommercialMortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2022-06-300001810546ebc:CommercialMortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel1Member2022-06-300001810546ebc:CommercialMortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel2Member2022-06-300001810546ebc:CommercialMortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel3Member2022-06-300001810546us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-06-300001810546us-gaap:EstimateOfFairValueFairValueDisclosureMember2022-06-300001810546us-gaap:FairValueInputsLevel1Member2022-06-300001810546us-gaap:FairValueInputsLevel2Member2022-06-300001810546us-gaap:FairValueInputsLevel3Member2022-06-300001810546us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-310001810546us-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310001810546us-gaap:FairValueInputsLevel1Member2021-12-310001810546us-gaap:FairValueInputsLevel2Member2021-12-310001810546us-gaap:FairValueInputsLevel3Member2021-12-310001810546ebc:InsuranceCommissionsMember2022-04-012022-06-300001810546ebc:InsuranceCommissionsMember2021-04-012021-06-300001810546ebc:InsuranceCommissionsMember2022-01-012022-06-300001810546ebc:InsuranceCommissionsMember2021-01-012021-06-300001810546ebc:ServiceChargeOnDepositAccountsMember2022-04-012022-06-300001810546ebc:ServiceChargeOnDepositAccountsMember2021-04-012021-06-300001810546ebc:ServiceChargeOnDepositAccountsMember2022-01-012022-06-300001810546ebc:ServiceChargeOnDepositAccountsMember2021-01-012021-06-300001810546ebc:TrustAndInvestmentAdvisoryFeesMember2022-04-012022-06-300001810546ebc:TrustAndInvestmentAdvisoryFeesMember2021-04-012021-06-300001810546ebc:TrustAndInvestmentAdvisoryFeesMember2022-01-012022-06-300001810546ebc:TrustAndInvestmentAdvisoryFeesMember2021-01-012021-06-300001810546ebc:DebtCardProcessingFeesMember2022-04-012022-06-300001810546ebc:DebtCardProcessingFeesMember2021-04-012021-06-300001810546ebc:DebtCardProcessingFeesMember2022-01-012022-06-300001810546ebc:DebtCardProcessingFeesMember2021-01-012021-06-300001810546ebc:OtherNonInterestIncomeMember2022-04-012022-06-300001810546ebc:OtherNonInterestIncomeMember2021-04-012021-06-300001810546ebc:OtherNonInterestIncomeMember2022-01-012022-06-300001810546ebc:OtherNonInterestIncomeMember2021-01-012021-06-300001810546ebc:CashManagementFeesMember2022-06-300001810546ebc:CashManagementFeesMember2021-12-310001810546us-gaap:DebitCardMember2021-12-310001810546us-gaap:DebitCardMember2022-06-300001810546us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberus-gaap:AvailableforsaleSecuritiesMember2021-12-310001810546us-gaap:CashFlowHedgingMemberus-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2021-12-310001810546us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember2021-12-310001810546us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2021-12-310001810546us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberus-gaap:AvailableforsaleSecuritiesMember2022-01-012022-06-300001810546us-gaap:CashFlowHedgingMemberus-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2022-01-012022-06-300001810546us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember2022-01-012022-06-300001810546us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberus-gaap:AvailableforsaleSecuritiesMember2022-06-300001810546us-gaap:CashFlowHedgingMemberus-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2022-06-300001810546us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember2022-06-300001810546us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2022-06-300001810546us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberus-gaap:AvailableforsaleSecuritiesMember2020-12-310001810546us-gaap:CashFlowHedgingMemberus-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2020-12-310001810546us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember2020-12-310001810546us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2020-12-310001810546us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberus-gaap:AvailableforsaleSecuritiesMember2021-01-012021-06-300001810546us-gaap:CashFlowHedgingMemberus-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2021-01-012021-06-300001810546us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember2021-01-012021-06-300001810546us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberus-gaap:AvailableforsaleSecuritiesMember2021-06-300001810546us-gaap:CashFlowHedgingMemberus-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2021-06-300001810546us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember2021-06-300001810546us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2021-06-300001810546ebc:BusinessBankingSegmentMemberus-gaap:OperatingSegmentsMember2022-04-012022-06-300001810546ebc:InsuranceSegmentMemberus-gaap:OperatingSegmentsMember2022-04-012022-06-300001810546ebc:EliminationsAndReconcilingItemsMember2022-04-012022-06-300001810546ebc:BusinessBankingSegmentMemberus-gaap:OperatingSegmentsMember2021-04-012021-06-300001810546ebc:InsuranceSegmentMemberus-gaap:OperatingSegmentsMember2021-04-012021-06-300001810546ebc:EliminationsAndReconcilingItemsMember2021-04-012021-06-300001810546ebc:BusinessBankingSegmentMemberus-gaap:OperatingSegmentsMember2022-06-300001810546ebc:InsuranceSegmentMemberus-gaap:OperatingSegmentsMember2022-06-300001810546ebc:EliminationsAndReconcilingItemsMember2022-06-300001810546ebc:BusinessBankingSegmentMemberus-gaap:OperatingSegmentsMember2021-06-300001810546ebc:InsuranceSegmentMemberus-gaap:OperatingSegmentsMember2021-06-300001810546ebc:EliminationsAndReconcilingItemsMember2021-06-300001810546ebc:BusinessBankingSegmentMemberus-gaap:OperatingSegmentsMember2022-01-012022-06-300001810546ebc:InsuranceSegmentMemberus-gaap:OperatingSegmentsMember2022-01-012022-06-300001810546ebc:EliminationsAndReconcilingItemsMember2022-01-012022-06-300001810546ebc:BusinessBankingSegmentMemberus-gaap:OperatingSegmentsMember2021-01-012021-06-300001810546ebc:InsuranceSegmentMemberus-gaap:OperatingSegmentsMember2021-01-012021-06-300001810546ebc:EliminationsAndReconcilingItemsMember2021-01-012021-06-30
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________________________
FORM 10-Q
_____________________________________________
(Mark one)
| | | | | |
☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the quarterly period ended June 30, 2022
Or
| | | | | |
☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Commission File Number 001-39610
___________________________
Eastern Bankshares, Inc.
(Exact name of the registrant as specified in its charter)
___________________________
| | | | | | | | |
Massachusetts | | 84-4199750 |
(State or Other Jurisdiction of Incorporation or Organization) | | (I.R.S. Employer Identification Number) |
| | |
265 Franklin Street, Boston, Massachusetts | | 02110 |
(Address of principal executive offices) | | (Zip Code) |
(800) 327-8376
(Registrant’s telephone number, including area code)
__________________________________________
Securities registered pursuant to Section 12(b) of the Act:
| | | | | | | | |
Title of each class | Trading Symbol | Name of exchange on which registered |
Common Stock | EBC | Nasdaq Global Select Market |
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes ☐ No
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). ☒ Yes ☐ No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act:
| | | | | | | | | | | | | | |
Large accelerated filer | ☒ | | Accelerated filer | ☐ |
| | | | |
Non-accelerated filer | ☐ | | Smaller reporting company | ☐ |
| | | | |
(Do not check if a smaller reporting company) | | Emerging Growth Company | ☐ |
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Yes ☐ No
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes ☒ No
178,344,016 shares of the Registrant’s common stock, par value $0.01 per share, were outstanding as of August 3, 2022.
Index
PART I — FINANCIAL INFORMATION
Item 1. Unaudited Consolidated Financial Statements
EASTERN BANKSHARES, INC.
UNAUDITED CONSOLIDATED BALANCE SHEETS
| | | | | | | | | | | |
(In thousands, except per share data) | June 30, 2022 | | December 31, 2021 |
ASSETS | | | |
Cash and due from banks | $ | 100,309 | | | $ | 144,634 | |
Short-term investments | 268,605 | | | 1,087,158 | |
Cash and cash equivalents | 368,914 | | | 1,231,792 | |
Securities: | | | |
Available for sale (amortized cost $8,384,025 and $8,587,179, respectively) | 7,536,921 | | | 8,511,224 | |
Held to maturity (fair value $451,747 and $0, respectively) | 488,581 | | | — | |
Total securities | 8,025,502 | | | 8,511,224 | |
Loans held for sale | 764 | | | 1,206 | |
Loans: | | | |
Commercial and industrial | 2,840,734 | | | 2,960,527 | |
Commercial real estate | 4,792,345 | | | 4,522,513 | |
Commercial construction | 303,463 | | | 222,328 | |
Business banking | 1,126,853 | | | 1,334,694 | |
Residential real estate | 1,989,621 | | | 1,926,810 | |
Consumer home equity | 1,147,425 | | | 1,100,153 | |
Other consumer | 198,253 | | | 214,485 | |
Total loans | 12,398,694 | | | 12,281,510 | |
Allowance for loan losses | (125,531) | | | (97,787) | |
Unamortized premiums, net of unearned discounts and deferred fees | (20,988) | | | (26,442) | |
Net loans | 12,252,175 | | | 12,157,281 | |
Federal Home Loan Bank stock, at cost | 5,714 | | | 10,904 | |
Premises and equipment | 69,019 | | | 80,984 | |
Bank-owned life insurance | 158,890 | | | 157,091 | |
Goodwill and other intangibles, net | 653,853 | | | 649,703 | |
Deferred income taxes, net | 244,153 | | | 76,535 | |
Prepaid expenses | 188,115 | | | 179,330 | |
Other assets | 383,749 | | | 456,078 | |
Total assets | $ | 22,350,848 | | | $ | 23,512,128 | |
LIABILITIES AND EQUITY | | | |
Deposits: | | | |
Demand | $ | 6,604,154 | | | $ | 7,020,864 | |
Interest checking accounts | 5,348,181 | | | 4,478,566 | |
Savings accounts | 2,015,865 | | | 2,077,495 | |
Money market investment | 4,787,603 | | | 5,525,005 | |
Certificates of deposit | 407,998 | | | 526,381 | |
Total deposits | 19,163,801 | | | 19,628,311 | |
Borrowed funds: | | | |
Federal Home Loan Bank advances | 13,560 | | | 14,020 | |
Escrow deposits of borrowers | 19,456 | | | 20,258 | |
Interest rate swap collateral funds | 10,100 | | | — | |
Total borrowed funds | 43,116 | | | 34,278 | |
Other liabilities | 425,535 | | | 443,187 | |
Total liabilities | 19,632,452 | | | 20,105,776 | |
Commitments and contingencies (see footnote 12) | | | |
Shareholders’ equity | | | |
Common shares, $0.01 par value, 1,000,000,000 shares authorized, 179,253,801 and 186,305,332 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively | 1,793 | | | 1,863 | |
Additional paid in capital | 1,700,495 | | | 1,835,241 | |
Unallocated common shares held by the Employee Stock Ownership Plan | (140,203) | | | (142,709) | |
Retained earnings | 1,817,474 | | | 1,768,653 | |
Accumulated other comprehensive income, net of tax | (661,163) | | | (56,696) | |
Total shareholders’ equity | 2,718,396 | | | 3,406,352 | |
Total liabilities and shareholders’ equity | $ | 22,350,848 | | | $ | 23,512,128 | |
The accompanying notes are an integral part of these unaudited consolidated financial statements.
EASTERN BANKSHARES, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME
| | | | | | | | | | | | | | | | | | | | | | | |
| Three Months Ended June 30, | | Six Months Ended June 30, |
| 2022 | | 2021 | | 2022 | | 2021 |
| (In thousands, except per share data) |
Interest and dividend income: | | | | | | | |
Interest and fees on loans | $ | 107,236 | | | $ | 90,936 | | | $ | 208,603 | | | $ | 179,575 | |
Taxable interest and dividends on securities | 31,121 | | | 12,457 | | | 58,997 | | | 22,663 | |
Non-taxable interest and dividends on securities | 1,862 | | | 1,857 | | | 3,668 | | | 3,713 | |
Interest on federal funds sold and other short-term investments | 652 | | | 431 | | | 1,088 | | | 863 | |
Total interest and dividend income | 140,871 | | | 105,681 | | | 272,356 | | | 206,814 | |
Interest expense: | | | | | | | |
Interest on deposits | 3,061 | | | 1,031 | | | 6,383 | | | 2,033 | |
Interest on borrowings | 53 | | | 42 | | | 92 | | | 82 | |
Total interest expense | 3,114 | | | 1,073 | | | 6,475 | | | 2,115 | |
Net interest income | 137,757 | | | 104,608 | | | 265,881 | | | 204,699 | |
Provision for (release of) allowance for loan losses | 1,050 | | | (3,300) | | | 565 | | | (3,880) | |
Net interest income after provision for loan losses | 136,707 | | | 107,908 | | | 265,316 | | | 208,579 | |
Noninterest income: | | | | | | | |
Insurance commissions | 24,682 | | | 23,664 | | | 53,395 | | | 51,811 | |
Service charges on deposit accounts | 8,313 | | | 5,708 | | | 16,850 | | | 11,075 | |
Trust and investment advisory fees | 5,994 | | | 6,074 | | | 12,135 | | | 11,737 | |
Debit card processing fees | 3,223 | | | 3,170 | | | 6,168 | | | 5,919 | |
Interest rate swap income (losses) | 1,593 | | | (1,164) | | | 4,525 | | | 4,241 | |
(Losses) income from investments held in rabbi trusts | (7,316) | | | 4,216 | | | (11,749) | | | 6,062 | |
Gains on sales of mortgage loans held for sale, net | 49 | | | 848 | | | 218 | | | 2,327 | |
(Losses) gains on sales of securities available for sale, net | (104) | | | 1 | | | (2,276) | | | 1,165 | |
Other | 5,443 | | | 3,216 | | | 9,026 | | | 6,608 | |
Total noninterest income | 41,877 | | | 45,733 | | | 88,292 | | | 100,945 | |
Noninterest expense: | | | | | | | |
Salaries and employee benefits | 72,996 | | | 69,276 | | | 142,522 | | | 133,316 | |
Office occupancy and equipment | 9,888 | | | 8,094 | | | 21,502 | | | 16,311 | |
Data processing | 14,345 | | | 13,572 | | | 29,665 | | | 25,701 | |
Professional services | 4,034 | | | 6,439 | | | 8,735 | | | 10,587 | |
Marketing | 2,651 | | | 3,497 | | | 4,225 | | | 5,188 | |
Loan expenses | 1,124 | | | 1,854 | | | 2,292 | | | 3,701 | |
FDIC insurance | 1,720 | | | 985 | | | 3,132 | | | 1,933 | |
Amortization of intangible assets | 907 | | | 625 | | | 1,734 | | | 1,157 | |
Other | 3,474 | | | 2,993 | | | 6,198 | | | 3,490 | |
Total noninterest expense | 111,139 | | | 107,335 | | | 220,005 | | | 201,384 | |
Income before income tax expense | 67,445 | | | 46,306 | | | 133,603 | | | 108,140 | |
Income tax expense | 16,273 | | | 11,497 | | | 30,915 | | | 25,668 | |
Net income | $ | 51,172 | | | $ | 34,809 | | | $ | 102,688 | | | $ | 82,472 | |
Basic earnings per share | $ | 0.31 | | | $ | 0.20 | | | $ | 0.61 | | | $ | 0.48 | |
Diluted earnings per share | $ | 0.31 | | | $ | 0.20 | | | $ | 0.61 | | | $ | 0.48 | |
The accompanying notes are an integral part of these unaudited consolidated financial statements.
EASTERN BANKSHARES, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| | | | | | | | | | | | | | | | | | | | | | | |
| Three Months Ended June 30, | | Six Months Ended June 30, |
| 2022 | | 2021 | | 2022 | | 2021 |
| (In thousands) |
Net income | $ | 51,172 | | | $ | 34,809 | | | $ | 102,688 | | | $ | 82,472 | |
Other comprehensive (loss) income, net of tax: | | | | | | | |
Net change in fair value of securities available for sale | (246,775) | | | 25,428 | | | (598,800) | | | (49,476) | |
Net change in fair value of cash flow hedges | (1,611) | | | (5,909) | | | (5,420) | | | (11,857) | |
Net change in other comprehensive income for defined benefit postretirement plans | (123) | | | 426 | | | (247) | | | 852 | |
Total other comprehensive (loss) income | (248,509) | | | 19,945 | | | (604,467) | | | (60,481) | |
Total comprehensive (loss) income | $ | (197,337) | | | $ | 54,754 | | | $ | (501,779) | | | $ | 21,991 | |
The accompanying notes are an integral part of these unaudited consolidated financial statements.
EASTERN BANKSHARES, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
Three Months Ended June 30, 2022 and 2021
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Shares of Common Stock Outstanding | | Common Stock | | Additional Paid in Capital | | Retained Earnings | | Accumulated Other Comprehensive Income (Loss) | | Unallocated Common Stock Held by ESOP | | Total |
| (In thousands, except share data) |
Balance at March 31, 2021 | 186,758,154 | | | $ | 1,868 | | | $ | 1,854,895 | | | $ | 1,702,946 | | | $ | (26,192) | | | $ | (146,472) | | | $ | 3,387,045 | |
Dividends to common shareholders | — | | | — | | | — | | | (13,776) | | | — | | | — | | | (13,776) | |
Net income | — | | | — | | | — | | | 34,809 | | | — | | | — | | | 34,809 | |
Other comprehensive income, net of tax | — | | | — | | | — | | | — | | | 19,945 | | | — | | | 19,945 | |
ESOP shares committed to be released | — | | | — | | | 1,346 | | | — | | | — | | | 1,253 | | | 2,599 | |
Balance at June 30, 2021 | 186,758,154 | | | $ | 1,868 | | | $ | 1,856,241 | | | $ | 1,723,979 | | | $ | (6,247) | | | $ | (145,219) | | | $ | 3,430,622 | |
| | | | | | | | | | | | | |
Balance at March 31, 2022 | 183,438,711 | | | $ | 1,834 | | | $ | 1,777,670 | | | $ | 1,782,997 | | | $ | (412,654) | | | $ | (141,455) | | | $ | 3,008,392 | |
Dividends to common shareholders | — | | | — | | | — | | | (16,695) | | | — | | | — | | | (16,695) | |
Repurchased common stock | (4,216,469) | | | (42) | | | (81,184) | | | — | | | — | | | — | | | (81,226) | |
Issuance of restricted stock awards | 31,559 | | | 1 | | | (1) | | | — | | | — | | | — | | | — | |
Share-based compensation | — | | | — | | | 2,908 | | | — | | | — | | | — | | | 2,908 | |
Net income | — | | | — | | | — | | | 51,172 | | | — | | | — | | | 51,172 | |
Other comprehensive income, net of tax | — | | | — | | | — | | | — | | | (248,509) | | | — | | | (248,509) | |
ESOP shares committed to be released | — | | | — | | | 1,102 | | | — | | | — | | | 1,252 | | | 2,354 | |
Balance at June 30, 2022 | 179,253,801 | | | $ | 1,793 | | | $ | 1,700,495 | | | $ | 1,817,474 | | | $ | (661,163) | | | $ | (140,203) | | | $ | 2,718,396 | |
The accompanying notes are an integral part of these unaudited consolidated financial statements.
EASTERN BANKSHARES, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
Six Months Ended June 30, 2022 and 2021
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Shares of Common Stock Outstanding | | Common Stock | | Additional Paid in Capital | | Retained Earnings | | Accumulated Other Comprehensive Income (Loss) | | Unallocated Common Stock Held by ESOP | | Total |
| (In thousands, except share data) |
Balance at December 31, 2020 | 186,758,154 | | | $ | 1,868 | | | $ | 1,854,068 | | | $ | 1,665,607 | | | $ | 54,234 | | | $ | (147,725) | | | $ | 3,428,052 | |
Dividends to common shareholders | — | | | — | | | — | | | (24,100) | | | — | | | — | | | (24,100) | |
Net income | — | | | — | | | — | | | 82,472 | | | — | | | — | | | 82,472 | |
Other comprehensive income, net of tax | — | | | — | | | — | | | — | | | (60,481) | | | — | | | (60,481) | |
ESOP shares committed to be released | — | | | — | | | 2,173 | | | — | | | — | | | 2,506 | | | 4,679 | |
Balance at June 30, 2021 | 186,758,154 | | | $ | 1,868 | | | $ | 1,856,241 | | | $ | 1,723,979 | | | $ | (6,247) | | | $ | (145,219) | | | $ | 3,430,622 | |
| | | | | | | | | | | | | |
Balance at December 31, 2021 | 186,305,332 | | | $ | 1,863 | | | $ | 1,835,241 | | | $ | 1,768,653 | | | $ | (56,696) | | | $ | (142,709) | | | $ | 3,406,352 | |
Cumulative effect of accounting adjustment (1) | — | | | — | | | — | | | (20,098) | | | — | | | — | | | (20,098) | |
Dividends to common shareholders | — | | | — | | | — | | | (33,769) | | | — | | | — | | | (33,769) | |
Repurchased common stock | (7,083,090) | | | (71) | | | (141,750) | | | — | | | — | | | — | | | (141,821) | |
Issuance of restricted stock awards | 31,559 | | | |