Reportable Segments

3 Months Ended

Mar. 31, 2012

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 for the year ended December 31, 2011.

Revenues, expenses, and assets are recorded by each segment, and separate financial statements are reviewed by their management and the Company’s Segment CEOs.

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 months ended March 31, 2012 and March 31, 2011. Interest expense on junior subordinated debentures is reported at the Holding Company.

	For the three months ended March 31,
	Net interest income						Non-interest income				Total revenues
	2012			2011			2012		2011		2012			2011
	(In thousands)
Total Bank(s) (1)	$	46,441		$	45,509		$	7,654	$	8,600	$	54,095		$	54,109
Total Investment Managers	7			33			9,484		10,132		9,491			10,165
Total Wealth Advisors (2)	7			5			9,237		8,433		9,244			8,438
Total Segments	46,455			45,547			26,375		27,165		72,830			72,712
Holding Company and Eliminations	(1,687		)	(1,836		)	1,079		1,291		(608		)	(545		)
Total Company	$	44,768		$	43,711		$	27,454	$	28,456	$	72,222		$	72,167

	For the three months ended March 31,
	Non-interest expense (3)				Income tax expense/(benefit)						Net income/ (loss) from continuing operations
	2012		2011		2012			2011			2012			2011
	(In thousands)
Total Bank(s) (1)	$	35,634	$	38,274	$	4,649		$	(274	)	$	9,812		$	2,759
Total Investment Managers	7,644		7,885		618			737			1,229			1,543
Total Wealth Advisors (2)	6,727		6,450		924			695			1,593			1,293
Total Segments	50,005		52,609		6,191			1,158			12,634			5,595
Holding Company and Eliminations	5,622		7,452		(2,340		)	(1,337		)	(3,890		)	(6,660		)
Total Company	$	55,627	$	60,061	$	3,851		$	(179	)	$	8,744		$	(1,065	)

	For the three months ended March 31,
	Net income/ (loss)  attributable to noncontrolling interests				Net income/ (loss) attributable to the Company (4)						Amortization of intangibles
	2012		2011		2012			2011			2012		2011
	(In thousands)
Total Bank(s) (1)	$	—	$	—	$	9,812		$	2,759		$	26	$	56
Total Investment Managers	395		380		834			1,163			800		830
Total Wealth Advisors (2)	398		367		1,195			926			264		273
Total Segments	793		747		11,841			4,848			1,090		1,159
Holding Company and Eliminations	—		—		(2,336		)	(4,997		)	—		—
Total Company	$	793	$	747	$	9,505		$	(149	)	$	1,090	$	1,159

	As of March 31,										For the three months ended March 31,
	Assets				AUM (5)						Depreciation
	2012		2011		2012			2011			2012		2011
	(In thousands)				(In millions)						(In thousands)
Total Bank(s) (1)	$	5,939,691	$	5,775,955	$	3,696		$	3,670		$	1,458	$	1,383
Total Investment Managers	105,640		114,682		8,047			8,437			62		69
Total Wealth Advisors (2)	66,880		66,319		7,579			7,071			88		86
Total Segments	6,112,211		5,956,956		19,322			19,178			1,608		1,538
Holding Company and Eliminations	36,351		26,365		(20		)	(20		)	45		52
Total Company	$	6,148,562	$	5,983,321	$	19,302		$	19,158		$	1,653	$	1,590

___________________

(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) In the first quarter of 2012, the Company announced the sale of its Wealth Advisory affiliate, DTC. This sale is expected to close in the second quarter of 2012. Accordingly, current and prior period results for DTC have been reclassified into discontinued operations and are included with Holding Company and Eliminations in the tables above.

(3) Non-interest expense for the three months ended March 31, 2012 and 2011 includes $0.1 million and $2.0 million, respectively, of restructuring expense. Restructuring expenses have been incurred in the Private Banking segment as well as at the Holding Company.

(4) Net income/ (loss) from discontinued operations for the three months ended March 31, 2012, and 2011 of $1.6 million, and $1.7 million, respectively, are included in Holding Company and Eliminations in the calculation of net loss attributable to the Company.

(5) "AUM" represents Assets Under Management and Advisory at the affiliates. AUM at DTC have been removed since DTC operations are classified with discontinued operations.