Reconciliation of Reportable Segment Items

The following tables present a reconciliation of the revenues, profits, assets, and other significant items of reportable segments as of and for the year ended December 31, 2013, 2012, and 2011. Interest expense on junior subordinated debentures is reported at the Holding Company.



	For the year ended December 31,
	Net interest income									Non-interest income (3)									Total revenues
	2013			2012			2011			2013			2012			2011			2013			2012			2011
	(In thousands)
Total Bank(s) (1)	$	178,199		$	189,260		$	186,006		$	49,001		$	34,368		$	39,208		$	227,200		$	223,628		$	225,214
Total Investment Managers	20			31			74			43,875			39,201			39,802			43,895			39,232			39,876
Total Wealth Advisors (2)	66			26			27			42,350			37,647			34,553			42,416			37,673			34,580
Total Segments	178,285			189,317			186,107			135,226			111,216			113,563			313,511			300,533			299,670
Holding Company and Eliminations	(4,267		)	(6,041		)	(7,153		)	1,115			3,750			5,348			(3,152		)	(2,291		)	(1,805		)
Total Company	$	174,018		$	183,276		$	178,954		$	136,341		$	114,966		$	118,911		$	310,359		$	298,242		$	297,865

	For the year ended December 31,
	Non-interest expense (4)									Income tax expense/ (benefit) (5)									Net income/ (loss) from continuing operations
	2013			2012			2011			2013			2012			2011			2013			2012			2011
	(In thousands)
Total Bank(s) (1)	$	139,876		$	149,815		$	152,238		$	32,696		$	25,901		$	19,697		$	64,628		$	51,212		$	40,119
Total Investment Managers	33,195			31,359			31,181			3,493			2,688			2,803			7,207			5,185			5,892
Total Wealth Advisors (2)	29,588			28,001			25,193			4,807			3,561			3,439			8,021			6,111			5,948
Total Segments	202,659			209,175			208,612			40,996			32,150			25,939			79,856			62,508			51,959
Holding Company and Eliminations	18,701			23,279			25,712			(8,688		)	(11,820		)	(11,659		)	(13,165		)	(13,750		)	(15,858		)
Total Company	$	221,360		$	232,454		$	234,324		$	32,308		$	20,330		$	14,280		$	66,691		$	48,758		$	36,101



	For the year ended December 31,
	Net income from continuing operations attributable to noncontrolling interests						Net income/ (loss) attributable to the Company (6)									Amortization of intangibles
	2013		2012		2011		2013			2012			2011			2013		2012		2011
	(In thousands)
Total Bank(s) (1)	$	—	$	—	$	—	$	64,628		$	51,212		$	40,119		$	277	$	133	$	404
Total Investment Managers	2,164		1,599		1,727		5,043			3,586			4,165			3,058		3,201		3,319
Total Wealth Advisors (2)	1,784		1,523		1,421		6,237			4,588			4,527			992		1,035		1,077
Total Segments	3,948		3,122		3,148		75,908			59,386			48,811			4,327		4,369		4,800
Holding Company and Eliminations	—		—		—		(5,373		)	(6,115		)	(9,674		)	—		—		—
Total Company	$	3,948	$	3,122	$	3,148	$	70,535		$	53,271		$	39,137		$	4,327	$	4,369	$	4,800



	For the year ended December 31,						As of December 31,
	Depreciation						Assets						AUM
	2013		2012		2011		2013		2012		2011		2013			2012			2011
	(In thousands)						(In thousands)						(In millions)
Total Bank(s) (1)	$	5,456	$	5,772	$	5,438	$	6,251,087	$	6,269,390	$	5,843,089	$	4,565		$	3,941		$	3,571
Total Investment Managers	221		247		250		100,609		102,843		105,629		10,401			8,444			7,594
Total Wealth Advisors (2)	363		360		358		73,972		66,869		70,086		9,336			8,052			6,994
Total Segments	6,040		6,379		6,046		6,425,668		6,439,102		6,018,804		24,302			20,437			18,159
Holding Company and Eliminations	195		191		190		11,441		25,903		30,568		(22		)	(20		)	(19		)
Total Company	$	6,235	$	6,570	$	6,236	$	6,437,109	$	6,465,005	$	6,049,372	$	24,280		$	20,417		$	18,140

___________________


(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 II. Item 8. “Financial Statements and Supplementary Data-Note 2: Restructuring” for additional details.


(2)	In the second quarter of 2012, the Company sold its Wealth Advisory affiliate, DTC. 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)	Included in Private Banking non-interest income for the year ended December 31, 2013 is the $10.6 million gain on sale of the Bank’s three offices in the Pacific Northwest.

(4)

Non-interest expense for 2013 includes no restructuring expenses. Non-interest expense for 2012 includes $5.9 million of restructuring expenses; restructuring expenses incurred by the Private Banking segment amounted to $4.0 million, with the remaining $1.9 million incurred by the Holding Company. Non-interest expense for 2011 includes $8.1 million of restructuring expenses; restructuring expenses incurred by the Private Banking segment amounted to $5.5 million, with the remaining $2.6 million incurred by the Holding Company.

(5)

The Company’s effective tax rate for 2013, 2012, and 2011 are not consistent due to earnings from tax-exempt investments, non-deductible compensation, state and local taxes, income tax credits and income attributable to noncontrolling interests having a different impact on the effective tax rate due primarily to the different levels of income before taxes in years 2013, 2012, and 2011. See Part II. Item 8. “Financial Statements and Supplementary Data - Note 17: Income Taxes” for additional details.


(6)	Net income from discontinued operations for the years ended December 31, 2013, 2012 and 2011 of $7.8 million, $7.6 million, and $6.2 million, respectively, are included in Holding Company and Eliminations in the calculation of net income attributable to the Company.