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Divestitures and Acquisitions
12 Months Ended
Dec. 31, 2013
DIVESTITURES AND ACQUISITIONS [Abstract]  
Discontinued Operations and Business Combinations Disclosure [Text Block]
DIVESTITURES AND ASSET SALES
Assets held for sale
In December 2012, the Bank announced plans to sell its three offices in the Pacific Northwest market. The assets and liabilities to be included in this transaction did not meet the criteria for classification as a component of an entity, and therefore were classified as held for sale, and not discontinued operations, at December 31, 2012. Within loans held for sale on the consolidated balance sheet, $276.7 million of the balance at December 31, 2012 related to the Pacific Northwest transaction. All of the deposits held for sale at December 31, 2012 of $194.1 million related to the Pacific Northwest transaction. All other assets that were identified to be included in the Pacific Northwest transaction, approximating $3.2 million, were classified as other assets held for sale and were included within other assets on the consolidated balance sheet at December 31, 2012. All other liabilities that were identified to be included in the Pacific Northwest transaction, approximating $0.1 million, were classified as other liabilities held for sale and were included within other liabilities on the consolidated balance sheet at December 31, 2012. The sale was completed in May 2013 and resulted in a pretax gain on sale of $10.6 million.
Divestitures    
In the second quarter of 2012, the Company divested its interests in DTC, formerly an affiliate in the Wealth Advisory segment. The Company recorded a gain of $0.8 million on the DTC transaction, which included $0.6 million of tax benefits. The Company will have no future influence on DTC and deferred potential future gains from contingent payments, if any, until determinable. Such contingent payments were included in net income from discontinued operations in the consolidated statements of operations for the period in which the revenue is recognized. The Company recorded its final contingent payments from DTC in 2013, and recognized $1.5 million in pretax income from discontinued operations related to these contingent payments.
In 2009, the Company divested its interests in Westfield Capital Management Company, LP, formerly known as Westfield Capital Management Company, LLC (“Westfield”), Gibraltar Private Bank & Trust Company (“Gibraltar”), RINET Company, LLC (“RINET”), Sand Hill Advisors, LLC (“Sand Hill”), and Boston Private Value Investors, Inc. (“BPVI”). The Company will have no future influence on Gibraltar and will not receive any future operating cash flows from Gibraltar. The Company will have no future influence on RINET, Sand Hill, or BPVI and defers potential future gains from contingent payments, if any, until determinable. Such contingent payments are included in net income from discontinued operations in the consolidated statements of operations for the period in which the revenue is recognized.
While the Company will continue to have no significant involvement or influence on Westfield, it retains a 12.5% share in Westfield’s revenues (up to an annual maximum of $11.6 million) through December 2017 subject to certain conditions. The Company defers gains related to these payments until determinable. Such revenue share payments are included in net income from discontinued operations in the consolidated statements of operations for the period in which the revenue is recognized.