Reportable Segments

9 Months Ended

Sep. 30, 2011

Segments [Abstract]

Segment Reporting Disclosure [Text Block]

Reportable segments

Management Reporting

The Company has three reportable segments (Private Banking, Investment Management, and Wealth Advisory) and the Parent Company (Boston Private Financial Holdings, Inc.) (the "Holding Company"). The financial performance of the Company is managed and evaluated by these three areas. The segments are managed separately as a result of business concentrations in each function.

Measurement of Segment Profit and Assets

The accounting policies of the segments are the same as those described in Part II. Item 8. "Financial Statements and Supplementary Data - Note 1: Basis of Presentation and Summary of Significant Accounting Policies" in the Company’s Annual Report on Form 10-K, as amended, for the year ended December 31, 2010.

Revenues, expenses, and assets are recorded by each segment, and separate financial statements are reviewed by their management and the Company’s Segment Chief Executive Officers and finance officers.

Reconciliation of Reportable Segment Items

The following tables provide a reconciliation of the revenues, profits, assets, and other significant items of reportable segments as of and for the three and nine months ended September 30, 2011 and September 30, 2010. Interest expense on junior subordinated debentures is reported at the Holding Company.

	For the three months ended September 30,
	Net interest income						Non-interest income					Total revenues
	2011			2010			2011			2010		2011			2010
	(In thousands)
Total Banks (1)	$	46,814		$	48,841		$	11,014		$	8,701	$	57,828		$	57,542
Total Investment Managers	8			35			10,276			8,712		10,284			8,747
Total Wealth Advisors	20			2			10,249			9,525		10,269			9,527
Total Segments	46,842			48,878			31,539			26,938		78,381			75,816
Holding Company and Eliminations	(1,770		)	(2,434		)	(189		)	361		(1,959		)	(2,073		)
Total Company	$	45,072		$	46,444		$	31,350		$	27,299	$	76,422		$	73,743

	For the three months ended September 30,
	Non-interest expense (2)				Income tax expense/(benefit)						Net income/(loss) from continuing operations
	2011		2010		2011			2010			2011			2010
	(In thousands)
Total Banks (1)	$	35,680	$	37,451	$	6,160		$	(6,442	)	$	11,488		$	(5,517	)
Total Investment Managers	7,839		7,217		854			517			1,591			1,013
Total Wealth Advisors	7,748		7,432		938			796			1,583			1,299
Total Segments	51,267		52,100		7,952			(5,129		)	14,662			(3,205		)
Holding Company and Eliminations	5,211		8,879		(3,382		)	(7,283		)	(3,788		)	(3,669		)
Total Company	$	56,478	$	60,979	$	4,570		$	(12,412	)	$	10,874		$	(6,874	)

	For the three months ended September 30,
	Net income/ (loss)  attributable to noncontrolling interests				Net income/(loss) attributable to the Company (3)						Amortization of intangibles
	2011		2010		2011			2010			2011		2010
	(In thousands)
Total Banks (1)	$	—	$	—	$	11,488		$	(5,517	)	$	26	$	56
Total Investment Managers	400		316		1,191			697			830		869
Total Wealth Advisors	362		313		1,221			986			321		347
Total Segments	762		629		13,900			(3,834		)	1,177		1,272
Holding Company and Eliminations	—		—		(2,221		)	(3,402		)	—		27
Total Company	$	762	$	629	$	11,679		$	(7,236	)	$	1,177	$	1,299

	As of September 30,
	Assets				AUM (4)
	2011		2010		2011			2010
	(In thousands)				(In millions)
Total Banks (1)	$	5,812,215	$	5,821,542	$	3,427		$	3,561
Total Investment Managers	108,767		111,533		7,127			7,521
Total Wealth Advisors	79,397		75,011		7,673			7,553
Total Segments	6,000,379		6,008,086		18,227			18,635
Holding Company and Eliminations	22,930		23,180		(18		)	(18		)
Total Company	$	6,023,309	$	6,031,266	$	18,209		$	18,617

	For the nine months ended September 30,
	Net interest income						Non-interest income				Total revenues
	2011			2010			2011		2010		2011			2010
	(In thousands)
Total Banks (1)	$	140,163		$	142,727		$	29,507	$	24,770	$	169,670		$	167,497
Total Investment Managers	65			107			30,730		27,283		30,795			27,390
Total Wealth Advisors	20			(13		)	30,597		28,086		30,617			28,073
Total Segments	140,248			142,821			90,834		80,139		231,082			222,960
Holding Company and Eliminations	(5,441		)	(7,049		)	2,923		221		(2,518		)	(6,828		)
Total Company	$	134,807		$	135,772		$	93,757	$	80,360	$	228,564		$	216,132

	For the nine months ended September 30,
	Non-interest expense (2)				Income tax expense/(benefit)						Net income/(loss) from continuing operations
	2011		2010		2011			2010			2011			2010
	(In thousands)
Total Banks (1)	$	114,672	$	108,861	$	12,452		$	(2,557	)	$	26,886		$	6,566
Total Investment Managers	23,715		22,004		2,409			1,929			4,671			3,457
Total Wealth Advisors	23,673		22,081		2,520			2,252			4,424			3,740
Total Segments	162,060		152,946		17,381			1,624			35,981			13,763
Holding Company and Eliminations	18,588		20,732		(8,761		)	(12,902		)	(12,345		)	(14,658		)
Total Company	$	180,648	$	173,678	$	8,620		$	(11,278	)	$	23,636		$	(895	)

	For the nine months ended September 30,
	Net income/ (loss)  attributable to noncontrolling interests				Net income/(loss) attributable to the Company (3)						Amortization of intangibles
	2011		2010		2011			2010			2011		2010
	(In thousands)
Total Banks (1)	$	—	$	—	$	26,886		$	6,566		$	377	$	229
Total Investment Managers	1,196		1,019		3,475			2,438			2,489		2,608
Total Wealth Advisors	1,117		910		3,307			2,830			973		1,051
Total Segments	2,313		1,929		33,668			11,834			3,839		3,888
Holding Company and Eliminations	—		—		(7,593		)	(12,846		)	—		80
Total Company	$	2,313	$	1,929	$	26,075		$	(1,012	)	$	3,839	$	3,968

___________________

(1) In the second quarter of 2011, the Company merged its four Private Banking affiliates into one bank operating under the charter of Boston Private Bank. See Part I. Item 1. "Notes to Unaudited Consolidated Financial Statements - Note 1: Basis of Presentation and Summary of Significant Accounting Policies" for additional details.

(2) Non-interest expense for the three and nine months ended September 30, 2011 includes $1.1 million and $7.4 million, respectively, of restructuring expense. Restructuring expenses have been incurred in the Private Banking segment as well as at the Holding Company.

(3) Net income/ (loss) from discontinued operations for the three months ended September 30, 2011, and 2010 of $1.6 million, and $0.3 million, respectively, and for the nine months ended September 30, 2011, and 2010, of $4.8 million and $1.8 million, respectively, are included in Holding Company and Eliminations in the calculation of net loss attributable to the Company.

(4) "AUM" represents Assets Under Management and Advisory at the affiliates.