Reportable Segments

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Reportable segments

Management Reporting

The Company has four reportable segments (Private Banking, Wealth Management and Trust, Investment Management, and Wealth Advisory) and the Holding Company (Boston Private Financial Holdings, Inc.). The financial performance of the Company is managed and evaluated by these four areas. The segments are managed separately as a result of the 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, 2014.

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.

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 three months ended March 31, 2015 and 2014. Interest expense on junior subordinated debentures is reported at the Holding Company.

	As of and for the three months ended March 31,
	2015			2014
Private Banking	(In thousands)
Net interest income	$	46,990		$	45,405
Fees and other income	2,784			2,710
Total revenues	49,774			48,115
Provision/ (credit) for loan losses	(2,500		)	(1,200		)
Operating expense	28,805			28,034
Income before income taxes	23,469			21,281
Income tax expense	7,768			7,112
Net income from continuing operations	15,701			14,169
Net income attributable to the Company	$	15,701		$	14,169
Assets	$	6,688,472		$	6,521,284
Amortization of intangibles	$	46		$	67
Depreciation	$	1,205		$	1,408

	As of and for the three months ended March 31,
	2015		2014
Wealth Management and Trust	(In thousands)
Fees and other income	$	13,957	$	6,961
Operating expense	12,331		5,610
Income before income taxes	1,626		1,351
Income tax expense	694		567
Net income from continuing operations	932		784
Net income attributable to the Company	$	932	$	784
Assets	$	79,139	$	4,821
AUM	$	9,306,000	$	4,612,000
Amortization of intangibles	$	571	$	—
Depreciation	$	187	$	22

	As of and for the three months ended March 31,
	2015		2014
Investment Management	(In thousands)
Net interest income	$	6	$	6
Fees and other income	11,722		11,462
Total revenues	11,728		11,468
Operating expense	8,686		8,334
Income before income taxes	3,042		3,134
Income tax expense	1,002		1,047
Net income from continuing operations	2,040		2,087
Noncontrolling interests	637		635
Net income attributable to the Company	$	1,403	$	1,452
Assets	$	101,036	$	100,788
AUM	$	10,730,000	$	10,505,000
Amortization of intangibles	$	739	$	739
Depreciation	$	70	$	59

	As of and for the three months ended March 31,
	2015		2014
Wealth Advisory	(In thousands)
Net interest income	$	2	$	36
Fees and other income	12,707		11,464
Total revenues	12,709		11,500
Operating expense	9,132		7,783
Income before income taxes	3,577		3,717
Income tax expense	1,321		1,392
Net income from continuing operations	2,256		2,325
Noncontrolling interests	588		559
Net income attributable to the Company	$	1,668	$	1,766
Assets	$	76,042	$	71,057
AUM	$	10,012,000	$	9,641,000
Amortization of intangibles	$	246	$	247
Depreciation	$	211	$	72

	As of and for the three months ended March 31,
	2015			2014
Holding Company and Eliminations	(In thousands)
Net interest income	$	(926	)	$	(925	)
Fees and other income	175			136
Total revenues	(751		)	(789		)
Operating expense	4,473			5,207
Income/ (loss) before income taxes	(5,224		)	(5,996		)
Income tax expense/(benefit)	(2,213		)	(2,980		)
Net income/(loss) from continuing operations	(3,011		)	(3,016		)
Noncontrolling interests	4			42
Discontinued operations	2,094			1,928
Net income/(loss) attributable to the Company	$	(921	)	$	(1,130	)
Assets	$	(74,917	)	$	7,470
AUM	$	(22,000	)	$	(22,000	)
Depreciation	$	31		$	110

	As of and for the three months ended March 31,
	2015			2014
Total Company	(In thousands)
Net interest income	$	46,072		$	44,522
Fees and other income	41,345			32,733
Total revenues	87,417			77,255
Provision/ (credit) for loan losses	(2,500		)	(1,200		)
Operating expense	63,427			54,968
Income before income taxes	26,490			23,487
Income tax expense	8,572			7,138
Net income from continuing operations	17,918			16,349
Noncontrolling interests	1,229			1,236
Discontinued operations	2,094			1,928
Net income attributable to the Company	$	18,783		$	17,041
Assets	$	6,869,772		$	6,705,420
AUM	$	30,026,000		$	24,736,000
Amortization of intangibles	$	1,602		$	1,053
Depreciation	$	1,704		$	1,671