Brookline Bancorp’s CEO saw his incentive pay take a hit last year as the company’s earnings fell short of the target it set for itself.

According to documents filed with the Securities and Exchange Commission (SEC), CEO Paul Perrault took home $1.4 million last year. While the company increased his base salary, to $675,000 from $655,000, it adjusted his short-term incentive pay down to $200,000 from the $417,563 it paid him in 2012. The company decreased incentive pay for other executives, as well.

"Although earnings targets were not achieved, the Company’s performance in many areas remained strong in 2013. The Company reported solid earnings and low levels of non-performing loans, non-performing assets and delinquent loans," the company wrote in the filing.

Last year, Brookline Bancorp recorded earnings per share of 51 cents, compared with the 66 cents per share target it set for itself. The company’s compensation committee adjusted its short-term incentive packages accordingly.

During last year’s fourth quarter, Brookline Bancorp recorded net income of $7.7 million, down about 35 percent from $11.9 million in the comparable period last year. Net income for the full year totaled $35.4 million, compared with $37.1 million in 2012.

However, the parent company for Brookline Bank, First Ipswich Bank and Bank Rhode Island, also increased its commercial loan portfolio to $3.2 billion, or 72.7 percent of all loans and leases, compared with $2.9 billion and 68.3 percent the previous year.