10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2015

Or

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to .

Commission File Number: 0-17089

BOSTON PRIVATE FINANCIAL HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Commonwealth of Massachusetts	04-2976299
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)
Ten Post Office Square Boston, Massachusetts	02109
(Address of principal executive offices)	(Zip Code)
Registrant’s telephone number, including area code: (617) 912-1900

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.     Yes x No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).     Yes x No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check One)

Large accelerated filer x		Accelerated filer o
Non-accelerated filer o	(Do not check if a smaller reporting company)	Smaller reporting company o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes o No x

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer’s classes of common stock as of August 1, 2015:

Common Stock, Par Value $1.00 Per Share	83,574,270
(class)	(outstanding)

BOSTON PRIVATE FINANCIAL HOLDINGS, INC.

FORM 10-Q

TABLE OF CONTENTS

PART I—FINANCIAL INFORMATION
Item 1	Financial Statements (Unaudited)	1
	Consolidated Balance Sheets	1
	Consolidated Statements of Operations	2
	Consolidated Statements of Comprehensive Income	4
	Consolidated Statements of Changes in Shareholders’ Equity	5
	Consolidated Statements of Cash Flows	6
	Notes to Unaudited Consolidated Financial Statements	8
Item 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	44
	Executive Summary	45
	Critical Accounting Policies	46
	Financial Condition	47
	Condensed Consolidated Balance Sheets and Discussion	47
	Loan Portfolio and Credit Quality	49
	Liquidity	54
	Capital Resources	56
	Results of Operations	57
	Recent Accounting Pronouncements	64
Item 3	Quantitative and Qualitative Disclosures about Market Risk	65
Item 4	Controls and Procedures	65
PART II—OTHER INFORMATION
Item 1	Legal Proceedings	66
Item 1A	Risk Factors	66
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	66
Item 3	Defaults upon Senior Securities	66
Item 4	Mine Safety Disclosures	66
Item 5	Other Information	66
Item 6	Exhibits	66
	Signature Page	67
	Certifications

i

PART I. FINANCIAL INFORMATION, ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (Unaudited)

	June 30, 2015			December 31, 2014
	(In thousands, except share and per share data)
Assets:
Cash and cash equivalents	$	63,099		$	172,609
Investment securities available for sale (amortized cost of $992,118 and $826,858 at June 30, 2015 and December 31, 2014, respectively)	992,007			829,993
Investment securities held to maturity (fair value of $129,181 and $142,339 at June 30, 2015 and December 31, 2014, respectively)	128,258			140,727
Stock in Federal Home Loan Banks	35,668			32,281
Loans held for sale	19,512			7,099
Total loans	5,463,250			5,269,936
Less: Allowance for loan losses	78,251			75,838
Net loans	5,384,999			5,194,098
Other real estate owned (“OREO”)	929			929
Premises and equipment, net	31,337			32,199
Goodwill	152,082			152,082
Intangible assets, net	36,461			39,718
Fees receivable	12,486			12,517
Accrued interest receivable	16,383			16,071
Deferred income taxes, net	47,388			47,576
Other assets	125,330			119,975
Total assets	$	7,045,939		$	6,797,874
Liabilities:
Deposits	$	5,429,028		$	5,453,879
Securities sold under agreements to repurchase	26,660			30,496
Federal funds purchased	100,000			—
Federal Home Loan Bank borrowings	541,529			370,150
Junior subordinated debentures	106,363			106,363
Other liabilities	95,074			112,170
Total liabilities	6,298,654			6,073,058
Redeemable Noncontrolling Interests	19,200			20,905
Shareholders’ Equity:
Preferred stock, $1.00 par value; authorized: 2,000,000 shares;  Series D, 6.95% Non-Cumulative Perpetual, issued and outstanding: 50,000 shares at June 30, 2015 and December 31, 2014; liquidation preference: $1,000 per share	47,753			47,753
Common stock, $1.00 par value; authorized: 170,000,000 shares; issued and outstanding: 83,539,785 shares at June 30, 2015 and 82,961,855 shares at December 31, 2014	83,540			82,962
Additional paid-in capital	597,424			610,903
Accumulated deficit	(1,003		)	(37,396		)
Accumulated other comprehensive income/ (loss)	(2,525		)	(697		)
Total Company’s shareholders’ equity	725,189			703,525
Noncontrolling interests	2,896			386
Total shareholders’ equity	728,085			703,911
Total liabilities, redeemable noncontrolling interests and shareholders’ equity	$	7,045,939		$	6,797,874

See accompanying notes to consolidated financial statements.

1

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

	Three months ended June 30,					Six months ended June 30,
	2015		2014			2015			2014
	(In thousands, except share and per share data)
Interest and dividend income:
Loans	$	46,663	$	49,396		$	94,663		$	96,610
Taxable investment securities	1,075		730			2,070			1,366
Non-taxable investment securities	1,125		914			2,146			1,818
Mortgage-backed securities	2,775		1,689			5,389			3,625
Federal funds sold and other	282		253			516			599
Total interest and dividend income	51,920		52,982			104,784			104,018
Interest expense:
Deposits	3,822		3,375			7,714			6,591
Federal Home Loan Bank borrowings	2,017		2,359			3,948			4,685
Junior subordinated debentures	967		965			1,923			1,920
Repurchase agreements and other short-term borrowings	29		15			42			32
Total interest expense	6,835		6,714			13,627			13,228
Net interest income	45,085		46,268			91,157			90,790
Provision/ (credit) for loan losses	—		(5,000		)	(2,500		)	(6,200		)
Net interest income after provision/ (credit) for loan losses	45,085		51,268			93,657			96,990
Fees and other income:
Investment management fees	11,731		11,754			23,445			23,215
Wealth advisory fees	12,678		11,979			25,353			23,452
Wealth management and trust fees	13,545		7,043			27,103			14,004
Other banking fee income	2,031		1,677			3,941			3,357
Gain on sale of loans, net	362		1,694			665			1,783
Gain on sale of investments, net	8		—			16			1
Gain/ (loss) on OREO, net	—		19			89			838
Other	2,305		208			3,393			457
Total fees and other income	42,660		34,374			84,005			67,107
Operating expense:
Salaries and employee benefits	39,816		34,338			81,943			70,912
Occupancy and equipment	9,095		7,349			18,130			15,146
Professional services	3,214		3,526			6,235			6,369
Marketing and business development	1,706		2,730			3,054			4,156
Contract services and data processing	1,495		1,447			2,932			2,885
Amortization of intangibles	1,655		1,045			3,257			2,098
FDIC insurance	963		854			1,974			1,750
Restructuring	220		—			220			—
Other	4,254		3,113			8,100			6,054
Total operating expense	62,418		54,402			125,845			109,370
Income before income taxes	25,327		31,240			51,817			54,727
Income tax expense	8,000		10,333			16,572			17,471
Net income from continuing operations	17,327		20,907			35,245			37,256
Net income from discontinued operations	1,546		1,450			3,640			3,378
Net income before attribution to noncontrolling interests	18,873		22,357			38,885			40,634
(Continued)

2

	Three months ended June 30,						Six months ended June 30,
	2015			2014			2015			2014
	(In thousands, except share and per share data)
Less: Net income attributable to noncontrolling interests	1,263			1,025			2,492			2,261
Net income attributable to the Company	$	17,610		$	21,332		$	36,393		$	38,373
Adjustments to net income attributable to the Company to arrive at net income attributable to common shareholders	$	(1,097	)	$	(1,327	)	$	(2,161	)	$	(2,511	)
Net income attributable to common shareholders for earnings per share calculation	$	16,513		$	20,005		$	34,232		$	35,862
Basic earnings per share attributable to common shareholders:
From continuing operations:	$	0.18		$	0.24		$	0.38		$	0.42
From discontinued operations:	$	0.02		$	0.02		$	0.04		$	0.04
Total attributable to common shareholders:	$	0.20		$	0.26		$	0.42		$	0.46
Weighted average basic common shares outstanding	80,778,562			78,438,636			80,647,191			78,292,721
Diluted earnings per share attributable to common shareholders:
From continuing operations:	$	0.18		$	0.23		$	0.37		$	0.41
From discontinued operations:	$	0.02		$	0.02		$	0.04		$	0.04
Total attributable to common shareholders:	$	0.20		$	0.25		$	0.41		$	0.45
Weighted average diluted common shares outstanding	83,038,481			80,298,425			82,828,829			80,158,842

See accompanying notes to consolidated financial statements.

3

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)

	Three months ended June 30,						Six months ended June 30,
	2015			2014			2015			2014
	(In thousands)
Net income attributable to the Company	$	17,610		$	21,332		$	36,393		$	38,373
Other comprehensive income/ (loss), net of tax:
Unrealized gain/ (loss) on securities available for sale	(4,317		)	2,226			(1,986		)	3,351
Reclassification adjustment for net realized gain/ (loss) included in net income	4			—			9			1
Net unrealized gain/ (loss) on securities available for sale	(4,321		)	2,226			(1,995		)	3,350
Unrealized gain/ (loss) on cash flow hedges	83			(885		)	(1,017		)	(1,472		)
Reclassification adjustment for net realized gain/ (loss) included in net income	(593		)	(422		)	(1,184		)	(777		)
Net unrealized gain/ (loss) on cash flow hedges	676			(463		)	167			(695		)
Net unrealized gain/ (loss) on other	—			—			—			—
Other comprehensive income/ (loss), net of tax	(3,645		)	1,763			(1,828		)	2,655
Total comprehensive income attributable to the Company, net	$	13,965		$	23,095		$	34,565		$	41,028

See accompanying notes to consolidated financial statements.

4

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited)

	Preferred Stock		Common Stock		Additional Paid-in Capital			Retained Earnings/ (Accumulated Deficit)			Accumulated Other Comprehensive Income/ (Loss)			Non- controlling Interests		Total
	(In thousands, except share data)
Balance, December 31, 2013	$	47,753	$	79,838	$	616,334		$	(106,211	)	$	(4,197	)	$	171	$	633,688
Net income attributable to the Company	—		—		—			38,373			—			—		38,373
Other comprehensive income/ (loss), net	—		—		—			—			2,655			—		2,655
Dividends paid to common shareholders: $0.16 per share	—		—		(12,786		)	—			—			—		(12,786		)
Dividends paid to preferred shareholders	—		—		(1,738		)	—			—			—		(1,738		)
Net change in noncontrolling interests	—		—		—			—			—			61		61
Net proceeds from issuance of:
61,440 shares of common stock	—		61		514			—			—			—		575
450,960 shares of incentive stock grants, net of 63,804 shares canceled or forfeited and 73,230 shares withheld for employee taxes	—		314		(1,239		)	—			—			—		(925		)
Amortization of stock compensation and employee stock purchase plan	—		—		2,578			—			—			—		2,578
Stock options exercised	—		181		1,238			—			—			—		1,419
Tax benefit/ (deficiency) from certain stock compensation awards	—		—		585			—			—			—		585
Other equity adjustments	—		—		(1,834		)	—			—			—		(1,834		)
Balance, June 30, 2014	$	47,753	$	80,394	$	603,652		$	(67,838	)	$	(1,542	)	$	232	$	662,651
Balance, December 31, 2014	$	47,753	$	82,962	$	610,903		$	(37,396	)	$	(697	)	$	386	$	703,911
Net income attributable to the Company	—		—		—			36,393			—			—		36,393
Other comprehensive income/ (loss), net	—		—		—			—			(1,828		)	—		(1,828		)
Dividends paid to common shareholders: $0.18 per share	—		—		(14,882		)	—			—			—		(14,882		)
Dividends paid to preferred shareholders	—		—		(1,738		)	—			—			—		(1,738		)
Net change in noncontrolling interests	—		—		—			—			—			2,510		2,510
Net proceeds from issuance of:
59,315 shares of common stock	—		59		620			—			—			—		679
622,523 shares of incentive stock grants, net of 132,067 shares canceled or forfeited and 100,148 shares withheld for employee taxes	—		390		(1,638		)	—			—			—		(1,248		)
Amortization of stock compensation and employee stock purchase plan	—		—		4,399			—			—			—		4,399
Stock options exercised	—		129		896			—			—			—		1,025
Tax benefit/ (deficiency) from certain stock compensation awards	—		—		95			—			—			—		95
Other equity adjustments	—		—		(1,231		)	—			—			—		(1,231		)
Balance, June 30, 2015	$	47,753	$	83,540	$	597,424		$	(1,003	)	$	(2,525	)	$	2,896	$	728,085

See accompanying notes to consolidated financial statements.

5

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

	Six months ended June 30,
	2015			2014
	(In thousands)
Cash flows from operating activities:
Net income attributable to the Company	$	36,393		$	38,373
Adjustments to arrive at net income from continuing operations
Net income attributable to noncontrolling interests	2,492			2,261
Less: Net income from discontinued operations	(3,640		)	(3,378		)
Net income from continuing operations	35,245			37,256
Adjustments to reconcile net income from continuing operations to net cash provided by/ (used in) operating activities:
Depreciation and amortization	11,391			9,193
Net income attributable to noncontrolling interests	(2,492		)	(2,261		)
Equity issued as compensation	4,399			2,578
Provision/ (credit) for loan losses	(2,500		)	(6,200		)
Loans originated for sale	(89,008		)	(22,033		)
Proceeds from sale of loans held for sale	77,260			25,497
Deferred income tax expense/ (benefit)	1,300			2,684
Net decrease/ (increase) in other operating activities	(20,254		)	(8,588		)
Net cash provided by/ (used in) operating activities of continuing operations	15,341			38,126
Net cash provided by/ (used in) operating activities of discontinued operations	3,640			3,378
Net cash provided by/ (used in) operating activities	18,981			41,504
Cash flows from investing activities:
Investment securities available for sale:
Purchases	(274,333		)	(118,323		)
Sales	5,835			5,331
Maturities, redemptions, and principal payments	99,747			123,802
Investment securities held to maturity:
Purchases	—			(34,936		)
Principal payments	12,061			8,155
(Investments)/ distributions in trusts, net	(365		)	(300		)
(Purchase)/ redemption of Federal Home Loan Banks stock	(3,387		)	3,336
Net (increase)/ decrease in portfolio loans	(194,290		)	(52,185		)
Proceeds from recoveries of loans previously charged-off	5,025			5,320
Proceeds from sale of OREO	—			838
Proceeds from sale of portfolio loans	—			58,568
Capital expenditures, net of sale proceeds	(2,489		)	(2,520		)
Cash used in other investing activities	—			(1,601		)
Net cash provided by/ (used in) investing activities of continuing operations	(352,196		)	(4,515		)
Net cash provided by/ (used in) investing activities	(352,196		)	(4,515		)
(Continued)

6

	Six months ended June 30,
	2015			2014
	(In thousands)
Cash flows from financing activities:
Net increase/ (decrease) in deposits	(24,851		)	(158,518		)
Net increase/ (decrease) in securities sold under agreements to repurchase	(3,836		)	34,981
Net increase/ (decrease) in federal funds purchased	100,000			—
Net increase/ (decrease) in short-term Federal Home Loan Bank borrowings	120,000			40,000
Advances of long-term Federal Home Loan Bank borrowings	67,636			20,000
Repayments of long-term Federal Home Loan Bank borrowings	(16,257		)	(10,675		)
Dividends paid to common shareholders	(14,882		)	(12,786		)
Dividends paid to preferred shareholders	(1,738		)	(1,738		)
Tax benefit/ (deficiency) from certain stock compensation awards	95			585
Proceeds from stock option exercises	1,025			1,419
Proceeds from issuance of common stock, net	(569		)	(350		)
Distributions paid to noncontrolling interests	(2,405		)	(2,162		)
Other equity adjustments	(513		)	(445		)
Net cash provided by/ (used in) financing activities of continuing operations	223,705			(89,689		)
Net cash provided by/ (used in) financing activities	223,705			(89,689		)
Net increase/ (decrease) in cash and cash equivalents	(109,510		)	(52,700		)
Cash and cash equivalents at beginning of year	172,609			191,881
Cash and cash equivalents at end of period	$	63,099		$	139,181
Supplementary schedule of non-cash investing and financing activities:
Cash paid for interest	$	13,627		$	15,980
Cash paid for income taxes, net of (refunds received)	23,038			19,368
Change in unrealized gain/ (loss) on securities available for sale, net of tax	(1,995		)	3,350
Change in unrealized gain/ (loss) on cash flow hedges, net of tax	167			(695		)
Change in unrealized gain/ (loss) on other, net of tax	—			—
Non-cash transactions:
Loans transferred into/ (out of) held for sale from/ (to) portfolio	—			56,967
Loans charged-off	(112		)	(944		)

See accompanying notes to consolidated financial statements.

7

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

1.     Basis of Presentation and Summary of Significant Accounting Policies

Boston Private Financial Holdings, Inc. (the “Company” or “BPFH”), is a bank holding company (the “Holding Company”) with four reportable segments: Private Banking, Wealth Management and Trust, Investment Management, and Wealth Advisory.

The Private Banking segment is comprised of the banking operations of Boston Private Bank & Trust Company (the “Bank” or “Boston Private Bank”), a trust company chartered by The Commonwealth of Massachusetts, insured by the Federal Deposit Insurance Corporation (the “FDIC”), and a wholly-owned subsidiary of the Company. Boston Private Bank currently operates in three geographic markets: New England, San Francisco Bay, and Southern California.

The Wealth Management and Trust segment is comprised of the trust operations of Boston Private Bank and the operations of Boston Private Wealth, LLC (“BP Wealth”). BP Wealth was formed in the first quarter of 2015 and combines Boston Private Bank's existing wealth management business and the business of Banyan Partners, LLC (“Banyan”), which Boston Private Bank purchased in the fourth quarter of 2014. The segment offers investment management, wealth management, family office, and trust services to individuals, families, and institutions. The Wealth Management and Trust segment operates in New England; South Florida; Texas; California; Atlanta, Georgia; and Madison, Wisconsin. For comparative purposes, the Wealth Management and Trust data that was previously included within the Private Banking segment has been reclassified into the Wealth Management and Trust segment.

The Investment Management segment has two consolidated affiliates, consisting of Dalton, Greiner, Hartman, Maher & Co., LLC (“DGHM”) and Anchor Capital Advisors, LLC (“Anchor”) (together, the “Investment Managers”).

The Wealth Advisory segment has two consolidated affiliates, consisting of KLS Professional Advisors Group, LLC (“KLS”) and Bingham, Osborn & Scarborough, LLC (“BOS”) (together, the “Wealth Advisors” and, together with the Wealth Management and Trust and Investment Management segments, the “Wealth and Investment businesses”).

The Company conducts substantially all of its business through its four reportable segments. All significant intercompany accounts and transactions have been eliminated in consolidation.

The unaudited interim consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), and include all necessary adjustments of a normal recurring nature which, in the opinion of management, are required for a fair presentation of the results of operations and financial condition of the Company. The interim results of consolidated operations are not necessarily indicative of the results for the entire year.

The information in this report should be read in conjunction with the consolidated financial statements and accompanying notes included in the Annual Report on Form 10-K for the year ended December 31, 2014, as filed with the Securities and Exchange Commission (“SEC”). Prior period amounts are reclassified whenever necessary to conform to the current period presentation.

The Company’s significant accounting policies are 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, as filed with the SEC. For interim reporting purposes, the Company follows the same significant accounting policies.

2.    Earnings Per Share

The two class method of calculating earnings per share (“EPS”) is presented below for the three and six months ended June 30, 2015 and 2014. The following tables present the computations of basic and diluted EPS:

8

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	Three months ended June 30,						Six months ended June 30,
	2015			2014			2015			2014
(In thousands, except share and per share data)
Basic earnings per share - Numerator:
Net income from continuing operations	$	17,327		$	20,907		$	35,245		$	37,256
Less: Net income attributable to noncontrolling interests	1,263			1,025			2,492			2,261
Net income from continuing operations attributable to the Company	16,064			19,882			32,753			34,995
Decrease/ (increase) in noncontrolling interests’ redemption values (1)	(157		)	(253		)	(251		)	(369		)
Dividends on participating securities	(907		)	(942		)	(1,818		)	(1,887		)
Total adjustments to income attributable to common shareholders	(1,064		)	(1,195		)	(2,069		)	(2,256		)
Net income from continuing operations attributable to common shareholders, before allocation to participating securities	15,000			18,687			30,684			32,739
Less: Amount allocated to participating securities	(28		)	(118		)	(75		)	(218		)
Net income from continuing operations attributable to common shareholders, after allocation to participating securities	$	14,972		$	18,569		$	30,609		$	32,521
Net income from discontinued operations, before allocation to participating securities	$	1,546		$	1,450		$	3,640		$	3,378
Less: Amount allocated to participating securities	(5		)	(14		)	(17		)	(37		)
Net income from discontinued operations, after allocation to participating securities	$	1,541		$	1,436		$	3,623		$	3,341
Net income attributable to common shareholders, before allocation to participating securities	$	16,546		$	20,137		$	34,324		$	36,117
Less: Amount allocated to participating securities	(33		)	(132		)	(92		)	(255		)
Net income attributable to common shareholders, after allocation to participating securities	$	16,513		$	20,005		$	34,232		$	35,862
Basic earnings per share - Denominator:
Weighted average basic common shares outstanding	80,778,562			78,438,636			80,647,191			78,292,721
Per share data - Basic earnings per share from:
Continuing operations	$	0.18		$	0.24		$	0.38		$	0.42
Discontinued operations	$	0.02		$	0.02		$	0.04		$	0.04
Total attributable to common shareholders	$	0.20		$	0.26		$	0.42		$	0.46

9

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	Three months ended June 30,				Six months ended June 30,
	2015		2014		2015		2014
(In thousands, except share and per share data)
Diluted earnings per share - Numerator:
Net income from continuing operations attributable to common shareholders, after allocation to participating securities	$	14,972	$	18,569	$	30,609	$	32,521
Add back: income allocated to dilutive securities	—		—		—		—
Net income from continuing operations attributable to common shareholders, after allocation to participating securities, after assumed dilution	14,972		18,569		30,609		32,521
Net income from discontinued operations, after allocation to participating securities	1,541		1,436		3,623		3,341
Net income attributable to common shareholders, after allocation to participating securities, after assumed dilution	$	16,513	$	20,005	$	34,232	$	35,862
Diluted earnings per share - Denominator:
Weighted average basic common shares outstanding	80,778,562		78,438,636		80,647,191		78,292,721
Dilutive effect of:
Stock options and non-participating performance-based and certain time-based restricted stock (2)	1,009,576		685,683		967,330		693,420
Warrants to purchase common stock (2)	1,250,343		1,174,106		1,214,308		1,172,701
Dilutive common shares	2,259,919		1,859,789		2,181,638		1,866,121
Weighted average diluted common shares outstanding (2)	83,038,481		80,298,425		82,828,829		80,158,842
Per share data - Diluted earnings per share from:
Continuing operations	$	0.18	$	0.23	$	0.37	$	0.41
Discontinued operations	$	0.02	$	0.02	$	0.04	$	0.04
Total attributable to common shareholders	$	0.20	$	0.25	$	0.41	$	0.45
Dividends per share declared and paid on common stock	$	0.09	$	0.08	$	0.18	$	0.16

_____________________

(1) See Part II. Item 8. “Financial Statements and Supplementary Data—Note 14: Noncontrolling Interests” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 for a description of the redemption values related to the redeemable noncontrolling interests. In accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 480, Distinguishing Liabilities from Equity (“ASC 480”), an increase in redemption value from period to period reduces income attributable to common shareholders. Decreases in redemption value from period to period increase income attributable to common shareholders, but only to the extent that the cumulative change in redemption value remains a cumulative increase since adoption of this standard in the first quarter of 2009.

(2) The diluted EPS computations for the three and six months ended June 30, 2015 and 2014 do not assume the conversion, exercise, or contingent issuance of the following shares for the following periods because the result would have been anti-dilutive for the periods indicated. As a result of the anti-dilution, the potential common shares excluded from the diluted EPS computation are as follows:

	Three months ended June 30,		Six months ended June 30,
(In thousands)	2015	2014	2015	2014
Shares excluded due to exercise price exceeding the average market price of common shares during the period (total outstanding):
Potential common shares from:
Stock options, restricted stock, or other dilutive securities	538	780	585	865
Total shares excluded due to exercise price exceeding the average market price of common shares during the period	538	780	585	865

10

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

3.    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 and six months ended June 30, 2015 and 2014. Interest expense on junior subordinated debentures is reported at the Holding Company.

	Three months ended June 30,					Six months ended June 30,
	2015		2014			2015			2014
Private Banking	(In thousands)
Net interest income	$	46,017	$	47,236		$	93,007		$	92,641
Fees and other income	3,437		3,472			6,221			6,182
Total revenues	49,454		50,708			99,228			98,823
Provision/ (credit) for loan losses	—		(5,000		)	(2,500		)	(6,200		)
Operating expense	28,281		27,860			57,086			55,894
Income before income taxes	21,173		27,848			44,642			49,129
Income tax expense	6,848		9,703			14,616			16,815
Net income from continuing operations	14,325		18,145			30,026			32,314
Net income attributable to the Company	$	14,325	$	18,145		$	30,026		$	32,314
Assets	$	6,860,288	$	6,198,778		$	6,860,288		$	6,198,778
Amortization of intangibles	$	45	$	60		$	91		$	127
Depreciation	$	1,159	$	1,322		$	2,364		$	2,730

11

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	Three months ended June 30,				Six months ended June 30,
	2015		2014 (1)		2015		2014 (1)
Wealth Management and Trust	(In thousands)
Fees and other income	$	14,647	$	7,043	$	28,604	$	14,004
Total revenues	14,647		7,043		28,604		14,004
Operating expense	12,777		5,310		25,108		10,920
Income before income taxes	1,870		1,733		3,496		3,084
Income tax expense	806		723		1,500		1,290
Net income from continuing operations	1,064		1,010		1,996		1,794
Net income attributable to the Company	$	1,064	$	1,010	$	1,996	$	1,794
Assets	$	78,480	$	4,658	$	78,480	$	4,658
AUM	$	9,028,000	$	4,716,000	$	9,028,000	$	4,716,000
Amortization of intangibles	$	624	$	—	$	1,195	$	—
Depreciation	$	194	$	21	$	381	$	43

	Three months ended June 30,				Six months ended June 30,
	2015		2014		2015		2014
Investment Management	(In thousands)
Net interest income	$	5	$	5	$	11	$	11
Fees and other income	11,739		11,754		23,461		23,216
Total revenues	11,744		11,759		23,472		23,227
Operating expense	8,544		9,102		17,230		17,436
Income before income taxes	3,200		2,657		6,242		5,791
Income tax expense	1,040		877		2,042		1,924
Net income from continuing operations	2,160		1,780		4,200		3,867
Noncontrolling interests	620		540		1,257		1,175
Net income attributable to the Company	$	1,540	$	1,240	$	2,943	$	2,692
Assets	$	100,029	$	101,626	$	100,029	$	101,626
AUM	$	10,695,000	$	10,917,000	$	10,695,000	$	10,917,000
Amortization of intangibles	$	739	$	739	$	1,478	$	1,478
Depreciation	$	70	$	63	$	140	$	122

12

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	Three months ended June 30,					Six months ended June 30,
	2015		2014			2015		2014
Wealth Advisory	(In thousands)
Net interest income	$	2	$	(32	)	$	4	$	4
Fees and other income	12,708		12,040			25,415		23,504
Total revenues	12,710		12,008			25,419		23,508
Operating expense	8,720		8,124			17,852		15,907
Income before income taxes	3,990		3,884			7,567		7,601
Income tax expense	1,483		1,509			2,804		2,901
Net income from continuing operations	2,507		2,375			4,763		4,700
Noncontrolling interests	643		486			1,231		1,045
Net income attributable to the Company	$	1,864	$	1,889		$	3,532	$	3,655
Assets	$	76,847	$	74,203		$	76,847	$	74,203
AUM	$	9,941,000	$	9,760,000		$	9,941,000	$	9,760,000
Amortization of intangibles	$	247	$	246		$	493	$	493
Depreciation	$	216	$	82		$	427	$	154

	Three months ended June 30,						Six months ended June 30,
	2015			2014			2015			2014
Holding Company and Eliminations	(In thousands)
Net interest income	$	(939	)	$	(941	)	$	(1,865	)	$	(1,866	)
Fees and other income	129			65			304			201
Total revenues	(810		)	(876		)	(1,561		)	(1,665		)
Operating expense	4,096			4,006			8,569			9,213
Income/ (loss) before income taxes	(4,906		)	(4,882		)	(10,130		)	(10,878		)
Income tax expense/(benefit)	(2,177		)	(2,479		)	(4,390		)	(5,459		)
Net income/(loss) from continuing operations	(2,729		)	(2,403		)	(5,740		)	(5,419		)
Noncontrolling interests	—			(1		)	4			41
Discontinued operations	1,546			1,450			3,640			3,378
Net income/(loss) attributable to the Company	$	(1,183	)	$	(952	)	$	(2,104	)	$	(2,082	)
Assets	$	(69,705	)	$	9,558		$	(69,705	)	$	9,558
AUM	$	(22,000	)	$	(23,000	)	$	(22,000	)	$	(23,000	)
Depreciation	$	13		$	31		$	44		$	141

13

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	Three months ended June 30,					Six months ended June 30,
	2015		2014			2015			2014
Total Company	(In thousands)
Net interest income	$	45,085	$	46,268		$	91,157		$	90,790
Fees and other income	42,660		34,374			84,005			67,107
Total revenues	87,745		80,642			175,162			157,897
Provision/ (credit) for loan losses	—		(5,000		)	(2,500		)	(6,200		)
Operating expense	62,418		54,402			125,845			109,370
Income before income taxes	25,327		31,240			51,817			54,727
Income tax expense	8,000		10,333			16,572			17,471
Net income from continuing operations	17,327		20,907			35,245			37,256
Noncontrolling interests	1,263		1,025			2,492			2,261
Discontinued operations	1,546		1,450			3,640			3,378
Net income attributable to the Company	$	17,610	$	21,332		$	36,393		$	38,373
Assets	$	7,045,939	$	6,388,823		$	7,045,939		$	6,388,823
AUM	$	29,642,000	$	25,370,000		$	29,642,000		$	25,370,000
Amortization of intangibles	$	1,655	$	1,045		$	3,257		$	2,098
Depreciation	$	1,652	$	1,519		$	3,356		$	3,190

____________

(1)    Financial data for the Wealth Management and Trust segment includes the trust and wealth management operations of Boston Private Bank only prior to the October 2, 2014 acquisition of Banyan.

14

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

4.    Investments

The following table presents a summary of investment securities:

	Amortized Cost		Unrealized					Fair Value
			Gains		Losses
	(In thousands)
As of June 30, 2015
Available for sale securities at fair value:
U.S. government and agencies	$	21,600	$	145	$	(45	)	$	21,700
Government-sponsored entities	294,192		1,921		(136		)	295,977
Municipal bonds	254,444		2,431		(1,261		)	255,614
Mortgage-backed securities (1)	404,778		1,762		(5,228		)	401,312
Other	17,104		322		(22		)	17,404
Total	$	992,118	$	6,581	$	(6,692	)	$	992,007
Held to maturity securities at amortized cost:
Mortgage-backed securities (1)	$	128,258	$	1,112	$	(189	)	$	129,181
Total	$	128,258	$	1,112	$	(189	)	$	129,181
As of December 31, 2014
Available for sale securities at fair value:
U.S. government and agencies	$	16,894	$	32	$	(44	)	$	16,882
Government-sponsored entities	273,538		983		(268		)	274,253
Municipal bonds	232,415		3,268		(435		)	235,248
Mortgage-backed securities (1)	284,403		2,191		(2,890		)	283,704
Other	19,608		309		(11		)	19,906
Total	$	826,858	$	6,783	$	(3,648	)	$	829,993
Held to maturity securities at amortized cost:
Mortgage-backed securities (1)	$	140,727	$	1,638	$	(26	)	$	142,339
Total	$	140,727	$	1,638	$	(26	)	$	142,339

___________________

(1)  All mortgage-backed securities are guaranteed by U.S. government agencies or Government-sponsored entities.

The following table presents the maturities of investment securities available for sale, based on contractual maturity, as of June 30, 2015. Certain securities are callable before their final maturity. Additionally, certain securities (such as mortgage-backed securities) are shown within the table below based on their final (contractual) maturity, but due to prepayments and amortization are expected to have shorter lives.

	Available for Sale Securities
	Amortized cost		Fair value
	(In thousands)
Within one year	$	78,917	$	79,375
After one, but within five years	379,714		382,006
After five, but within ten years	73,365		74,133
Greater than ten years	460,122		456,493
Total	$	992,118	$	992,007

15

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

The following table presents the maturities of investment securities held to maturity, based on contractual maturity, as of June 30, 2015.

	Held to Maturity Securities
	Amortized cost		Fair value
	(In thousands)
Within one year	$	—	$	—
After one, but within five years	—		—
After five, but within ten years	—		—
Greater than ten years	128,258		129,181
Total	$	128,258	$	129,181

The following table presents the proceeds from sales, gross realized gains and gross realized losses for securities available for sale that were sold during the following periods:

	Three months ended June 30,				Six months ended June 30,
	2015		2014		2015		2014
	(In thousands)
Proceeds from sales	$	820	$	3	$	5,835	$	5,331
Realized gains	8		—		16		1
Realized losses	—		—		—		—

The following table presents information regarding securities as of June 30, 2015 having temporary impairment, due to the fair values having declined below the amortized cost of the individual securities, and the time period that the investments have been temporarily impaired.

	Less than 12 months					12 months or longer					Total
	Fair value		Unrealized losses			Fair value		Unrealized losses			Fair value		Unrealized losses			# of securities
Available for sale securities	(In thousands)
U.S. government and agencies	$	5,663	$	(17	)	$	588	$	(28	)	$	6,251	$	(45	)	3
Government-sponsored entities	32,923		(94		)	29,083		(42		)	62,006		(136		)	5
Municipal bonds	100,220		(1,195		)	3,660		(66		)	103,880		(1,261		)	59
Mortgage-backed securities	248,767		(3,118		)	76,819		(2,110		)	325,586		(5,228		)	55
Other	85		(4		)	36		(18		)	121		(22		)	13
Total	$	387,658	$	(4,428	)	$	110,186	$	(2,264	)	$	497,844	$	(6,692	)	135
Held to maturity securities
Mortgage-backed securities	$	19,722	$	(189	)	$	—	$	—		$	19,722	$	(189	)	2
Total	$	19,722	$	(189	)	$	—	$	—		$	19,722	$	(189	)	2

The U.S. government and agencies securities, government-sponsored entities securities and mortgage-backed securities in the table above as of June 30, 2015 had Standard and Poor’s credit ratings of AA+. The municipal bonds in the table above had Standard and Poor’s credit ratings of at least AA-.  Two of the U.S. government and agencies securities and two of the municipal bonds in the table above were not rated by Standard and Poor’s or Moody’s. The other securities consisted of equity securities.

As of June 30, 2015, the amount of investment securities in an unrealized loss position greater than 12 months, as well as in total, was primarily due to movements in interest rates. The Company has no intent to sell any securities in an unrealized loss position as of June 30, 2015 and it is not more likely than not that the Company would be forced to sell any of these securities prior to the full recovery of all unrealized loss amounts.

16

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

Cost method investments, which are included in other assets, can be temporarily impaired when the fair values decline below the amortized costs of the individual investments. There were no cost method investments with unrealized losses as of June 30, 2015 or December 31, 2014. The Company’s cost method investments primarily include low income housing partnerships which generate tax credits. The Company also holds partnership interests in venture capital funds formed to provide financing to small businesses and to promote community development. The Company had $24.4 million and $27.0 million in cost method investments included in other assets as of June 30, 2015 and December 31, 2014, respectively.

5.    Fair Value Measurements

Fair value is defined under GAAP as the exchange price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants on the measurement date. The Company determines the fair values of its financial instruments based on the fair value hierarchy established in ASC 820, Fair Value Measurements and Disclosures (“ASC 820”), which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value. Financial instruments are considered Level 1 when valuation can be based on quoted prices in active markets for identical assets or liabilities. Level 2 financial instruments are valued using quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or models using inputs that are observable or can be corroborated by observable market data of substantially the full term of the assets or liabilities. Financial instruments are considered Level 3 when their values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable and when determination of the fair value requires significant management judgment or estimation.

The following tables present the Company’s assets and liabilities measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014, aggregated by the level in the fair value hierarchy within which those measurements fall:

	As of June 30, 2015		Fair value measurements at reporting date using:
			Quoted prices in active markets for identical assets (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(In thousands)
Assets:
Available for sale securities:
U.S. government and agencies	$	21,700	$	20,394	$	1,306	$	—
Government-sponsored entities	295,977		—		295,977		—
Municipal bonds	255,614		—		255,614		—
Mortgage-backed securities	401,312		—		401,312		—
Other	17,404		17,404		—		—
Total available for sale securities	992,007		37,798		954,209		—
Derivatives - interest rate customer swaps	5,281		—		5,281		—
Other investments	5,802		5,802		—		—
Liabilities:
Derivatives - interest rate customer swaps	$	5,092	$	—	$	5,092	$	—
Derivatives - interest rate swaps	2,088		—		2,088		—
Derivatives - junior subordinated debenture interest rate swap	922		—		922		—
Derivatives - risk participation agreement	9		—		9		—
Other liabilities	5,802		5,802		—		—

17

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

			Fair value measurements at reporting date using:
	As of December 31, 2014		Quoted prices in active markets for identical assets (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(In thousands)
Assets:
Available for sale securities:
U.S. government and agencies	$	16,882	$	15,377	$	1,505	$	—
Government-sponsored entities	274,253		—		274,253		—
Municipal bonds	235,248		—		235,248		—
Mortgage-backed securities	283,704		—		283,704		—
Other	19,906		19,906		—		—
Total available for sale securities	829,993		35,283		794,710		—
Derivatives - interest rate customer swaps	5,323		—		5,323		—
Derivatives - interest rate swaps	34		—		34		—
Other investments	5,437		5,437		—		—
Liabilities:
Derivatives - interest rate customer swaps	$	5,434	$	—	$	5,434	$	—
Derivatives - interest rate swaps	1,584		—		1,584		—
Derivatives - junior subordinated debenture interest rate swap	1,768		—		1,768		—

As of June 30, 2015 and December 31, 2014, available for sale securities consisted primarily of U.S. government and agencies securities, government-sponsored entities securities, municipal bonds, mortgage-backed securities, and other available for sale securities. The equities (which are categorized as other available for sale securities) are valued with prices quoted in active markets. Three U.S. Treasury securities at June 30, 2015 and two U.S. Treasury securities at December 31, 2014, are valued with prices quoted in active markets. Therefore, they have been categorized as a Level 1 measurement. The government-sponsored entities securities, municipal bonds, mortgage-backed securities, and certain investments in Small Business Administration (“SBA”) loans (which are categorized as U.S. government and agencies securities) generally have quoted prices but are traded less frequently than exchange-traded securities and can be priced using market data from similar assets. Therefore, they have been categorized as a Level 2 measurement. No investments held at June 30, 2015 or December 31, 2014 were categorized as Level 3.

The Company uses interest rate customer swaps, interest rate swaps, risk participation agreements, and a junior subordinated debenture interest rate swap to manage its interest rate risk, and customer foreign exchange forward contracts to manage its foreign exchange risk, if any. The valuation of these instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. Therefore, they have been categorized as a Level 2 measurement as of June 30, 2015 and December 31, 2014. See Part I. Item 1. “Notes to Unaudited Consolidated Financial Statements-Note 8: Derivatives and Hedging Activities” for further details.

To comply with the provisions of ASC 820, the Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees. Counterparty exposure is evaluated by netting positions that are subject to master netting agreements, as well as considering the amount of collateral securing the position.

The Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, although the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. As a result, the Company has determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy as of June 30, 2015 and December 31, 2014.

18

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

The other investments and other liabilities, which are not considered available for sale investments, consist of deferred compensation trusts and related liabilities, which consist of publicly traded mutual fund investments that are valued at prices quoted in active markets. Therefore, they have been categorized as a Level 1 measurement as of June 30, 2015 and December 31, 2014.

There were no Level 3 assets at June 30, 2015 or December 31, 2014.

The following tables present the Company’s assets and liabilities measured at fair value on a non-recurring basis during the periods ended June 30, 2015 and 2014, respectively, aggregated by the level in the fair value hierarchy within which those measurements fall:

	As of June 30, 2015		Fair value measurements at reporting date using:						Gain (losses) from fair value changes
			Quoted prices in active markets for identical assets (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Three months ended June 30, 2015		Six months ended June 30, 2015
	(In thousands)
Assets:
Impaired loans (1)	$	1,448	$	—	$	—	$	1,448	$	—	$	—

___________________

(1) Collateral-dependent impaired loans held at June 30, 2015 that had write-downs in fair value or whose specific reserve changed during the first six months of 2015.

	As of June 30, 2014		Fair value measurements at reporting date using:						Gain (losses) from fair value changes
			Quoted prices in active markets for identical assets (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Three months ended June 30, 2014			Six months ended June 30, 2014
	(In thousands)
Assets:
Impaired loans (1)	$	4,052	$	—	$	—	$	4,052	$	(500	)	$	(500	)

________________

(1) Collateral-dependent impaired loans held at June 30, 2014 that had write-downs in fair value or whose specific reserve changed during the first six months of 2014.

The following table presents additional quantitative information about assets measured at fair value on a non-recurring basis for which the Company has utilized Level 3 inputs to determine fair value:

	As of June 30, 2015
	Fair Value		Valuation technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	1,448	Appraisals of Collateral	Discount for costs to sell	11% - 13%	12%
				Appraisal adjustments	0% - 15%	7%

19

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	As of June 30, 2014
	Fair Value		Valuation technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	4,052	Appraisals of Collateral	Discount for costs to sell	8% - 12%	9%
				Appraisal adjustments	10% - 25%	13%

Impaired loans include those loans that were adjusted to the fair value of underlying collateral as required under ASC 310, Receivables. The amount does not include impaired loans that are measured based on expected future cash flows discounted at the respective loan’s original effective interest rate, as that amount is not considered a fair value measurement. The Company uses appraisals, which management may adjust to reflect estimated fair value declines, or apply other discounts to appraised values for unobservable factors resulting from its knowledge of the property or consideration of broker quotes. The appraisers use a market, income, and/or a cost approach in determining the value of the collateral. Therefore they have been categorized as a Level 3 measurement.

The following tables present the carrying values and fair values of the Company’s financial instruments that are not measured at fair value on a recurring basis (other than certain loans, as noted below):

	As of June 30, 2015
	Book Value		Fair Value		Quoted prices  in active markets for identical assets  (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(In thousands)
FINANCIAL ASSETS:
Cash and cash equivalents	$	63,099	$	63,099	$	63,099	$	—	$	—
Investment securities held to maturity	128,258		129,181		—		129,181		—
Loans, net	5,384,999		5,405,937		—		—		5,405,937
Loans held for sale	19,512		19,602		—		19,602		—
Other financial assets	118,966		118,966		—		118,966		—
FINANCIAL LIABILITIES:
Deposits	5,429,028		5,431,386		—		5,431,386		—
Securities sold under agreements to repurchase	26,660		26,660		—		26,660		—
Federal Funds purchased	100,000		100,000		—		100,000		—
Federal Home Loan Bank borrowings	541,529		547,889		—		547,889		—
Junior subordinated debentures	106,363		96,363		—		—		96,363
Other financial liabilities	1,929		1,929		—		1,929		—

20

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	As of December 31, 2014
	Book Value		Fair Value		Quoted prices  in active markets for identical assets  (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(In thousands)
FINANCIAL ASSETS:
Cash and cash equivalents	$	172,609	$	172,609	$	172,609	$	—	$	—
Investment securities held to maturity	140,727		142,339		—		142,339		—
Loans, net	5,194,098		5,130,843		—		—		5,130,843
Loans held for sale	7,099		7,239		—		7,239		—
Other financial assets	114,686		114,686		—		114,686		—
FINANCIAL LIABILITIES:
Deposits	5,453,879		5,457,117		—		5,457,117		—
Securities sold under agreements to repurchase	30,496		30,493		—		30,493		—
Federal Home Loan Bank borrowings	370,150		376,320		—		376,320		—
Junior subordinated debentures	106,363		96,363		—		—		96,363
Other financial liabilities	7,357		7,357		—		7,357		—

The estimated fair values have been determined by using available quoted market information or other appropriate valuation methodologies. The aggregate fair value amounts presented do not represent the underlying value of the Company taken as a whole.

The fair value estimates provided are made at a specific point in time, based on relevant market information and the characteristics of the financial instrument. The estimates do not provide for any premiums or discounts that could result from concentrations of ownership of a financial instrument. Because no active market exists for some of the Company’s financial instruments, certain fair value estimates are based on subjective judgments regarding current economic conditions, risk characteristics of the financial instruments, future expected loss experience, prepayment assumptions, and other factors. The resulting estimates involve uncertainties and therefore cannot be determined with precision. Changes made to any of the underlying assumptions could significantly affect the estimates.

Cash and cash equivalents

The carrying value reported in the balance sheets for cash and cash equivalents approximates fair value due to the short-term nature of their maturities and are classified as Level 1.

Investment securities held to maturity

Held-to-maturity securities currently include mortgage-backed securities. All held-to-maturity securities are fixed income instruments that are not quoted on an exchange, but may be traded in active markets. The fair value of these securities are based on quoted market prices obtained from external pricing services. The principal market for our securities portfolio is the secondary institutional market, with an exit price that is predominantly reflective of bid level pricing in that market.Accordingly, held-to-maturity securities are included in the Level 2 fair value category.

Loans, net

Fair value estimates are based on loans with similar financial characteristics. Fair values of commercial and residential mortgage loans are estimated by discounting contractual cash flows adjusted for prepayment estimates and using discount rates approximately equal to current market rates on loans with similar credit and interest rate characteristics and maturities. The fair value estimates for home equity and other loans are based on outstanding loan terms and pricing in the local markets. The method of estimating the fair value of the loans disclosed in the table above does not incorporate the exit price concept in the presentation of the fair value of these financial instruments. Net loans are included in the Level 3 fair value category based upon the inputs and valuation techniques used.

21

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

Loans held for sale

Loans held for sale are recorded at the lower of cost or fair value in the aggregate. Fair value estimates are based on actual commitments to sell the loans to investors at an agreed upon price or current market prices if rates have changed since the time the loan closed. Accordingly, loans held for sale are included in the Level 2 fair value category.

Other financial assets

Other financial assets consist of accrued interest and fees receivable, stock in Federal Home Loan Banks (“FHLBs”), and the cash surrender value of bank-owned life insurance, for which the carrying amount approximates fair value, and are classified as Level 2.

Deposits

The fair values reported for transaction accounts (demand, NOW, savings, and money market) equal their respective book values reported on the balance sheets and are classified as Level 2. The fair values disclosed are, by definition, equal to the amount payable on demand at the reporting date. The fair values for certificates of deposit are based on the discounted value of contractual cash flows. The discount rates used are representative of approximate rates currently offered on certificates of deposit with similar remaining maturities and are classified as Level 2.

Securities sold under agreements to repurchase

The fair value of securities sold under agreements to repurchase are estimated based on contractual cash flows discounted at the Bank’s incremental borrowing rate for FHLB borrowings with similar maturities and have been classified as Level 2.

Federal funds purchased

The carrying amount of federal funds purchased approximates fair value due to their short-term nature and have been classified as Level 2.

Federal Home Loan Bank borrowings

The fair value reported for FHLB borrowings is estimated based on the discounted value of contractual cash flows. The discount rate used is based on the Bank’s estimated current incremental borrowing rate for FHLB borrowings of similar maturities and have been classified as Level 2.

Junior subordinated debentures

The fair value of the junior subordinated debentures issued by Boston Private Capital Trust I and Boston Private Capital Trust II were estimated using Level 3 inputs such as the interest rates on these securities, current rates for similar debt, a consideration for illiquidity of trading in the debt, and regulatory changes that would result in an unfavorable change in the regulatory capital treatment of this type of debt.

Other financial liabilities

Other financial liabilities consist of accrued interest payable for which the carrying amount approximates fair value and are classified as Level 2.

Financial instruments with off-balance sheet risk

The Bank’s commitments to originate loans and for unused lines and outstanding letters of credit are primarily at market interest rates and therefore, the carrying amount approximates fair value.

22

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

6.    Loan Portfolio and Credit Quality

The Bank’s lending activities are conducted principally in the regions of New England, San Francisco Bay, and Southern California. The Bank originates single and multi-family residential loans, commercial real estate loans, commercial and industrial loans, construction and land loans, and home equity and other consumer loans. Most loans are secured by borrowers’ personal or business assets. The ability of the Bank’s single family residential and consumer borrowers to honor their repayment commitments is generally dependent on the level of overall economic conditions within the Bank’s lending areas. Commercial, construction, and land borrowers’ ability to repay is generally dependent upon the health of the economy and real estate values, including, in particular, the performance of the construction sector. Accordingly, the ultimate collectability of a substantial portion of the Bank’s loan portfolio is susceptible to changing conditions in the New England, San Francisco Bay, and Southern California economies and real estate markets.

Total loans include deferred loan fees/ (costs), net, of ($5.6) million and ($5.4) million as of June 30, 2015 and December 31, 2014, respectively.

The following table presents a summary of the loan portfolio based on the portfolio segment as of the dates indicated:

	June 30, 2015		December 31, 2014
	(In thousands)
Commercial and industrial	$	1,002,412	$	953,085
Commercial real estate	1,827,415		1,788,403
Construction and land	160,926		125,349
Residential	2,175,508		2,132,095
Home equity	120,465		114,859
Consumer and other	176,524		156,145
Total Loans	$	5,463,250	$	5,269,936

The following table presents nonaccrual loans receivable by class of receivable as of the dates indicated:

	June 30, 2015		December 31, 2014
	(In thousands)
Commercial and industrial	$	1,605	$	2,129
Commercial real estate	13,336		18,485
Construction and land	3,415		11,422
Residential	9,256		9,713
Home equity	1,217		1,320
Consumer and other	1,062		1,113
Total	$	29,891	$	44,182

The Bank’s policy is to discontinue the accrual of interest on a loan when the collectability of principal or interest is in doubt. In certain instances, although infrequent, loans that have become 90 days or more past due may remain on accrual status if the value of the collateral securing the loan is sufficient to cover principal and interest and the loan is in the process of collection. There were no loans 90 days or more past due, but still accruing, as of both June 30, 2015 and December 31, 2014. The Bank’s policy for returning a loan to accrual status requires the loan to be brought current and for the client to show a history of making timely payments (generally six consecutive months). For troubled debt restructured loans (“TDRs”), a return to accrual status generally requires timely payments for a period of six months in accordance with the restructured loan terms, along with meeting other criteria.

23

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

The following tables show the payment status of loans by class of receivable as of the dates indicated:

	June 30, 2015
	Accruing Past Due								Nonaccrual Loans
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Accruing Past Due		Current Payment Status		30-89 Days Past Due		90 Days or Greater Past Due		Total Non-Accrual Loans		Current Accruing Loans		Total Loans Receivable
	(In thousands)
Commercial and industrial	$	575	$	1,610	$	—	$	2,185	$	1,075	$	—	$	530	$	1,605	$	998,622	$	1,002,412
Commercial real estate	1,536		—		—		1,536		9,739		360		3,237		13,336		1,812,543		1,827,415
Construction and land	—		—		—		—		247		65		3,103		3,415		157,511		160,926
Residential	—		344		—		344		3,787		141		5,328		9,256		2,165,908		2,175,508
Home equity	—		—		—		—		220		—		997		1,217		119,248		120,465
Consumer and other	271		3		—		274		1,029		32		1		1,062		175,188		176,524
Total	$	2,382	$	1,957	$	—	$	4,339	$	16,097	$	598	$	13,196	$	29,891	$	5,429,020	$	5,463,250

	December 31, 2014
	Accruing Past Due								Nonaccrual Loans
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Accruing Past Due		Current Payment Status		30-89 Days Past Due		90 Days or Greater Past Due		Total Non-Accrual Loans		Current Accruing Loans		Total Loans Receivable
	(In thousands)
Commercial and industrial	$	723	$	—	$	—	$	723	$	157	$	—	$	1,972	$	2,129	$	950,233	$	953,085
Commercial real estate	167		71		—		238		14,235		684		3,566		18,485		1,769,680		1,788,403
Construction and land	—		—		—		—		8,245		86		3,091		11,422		113,927		125,349
Residential	3,878		1,913		—		5,791		2,770		1,704		5,239		9,713		2,116,591		2,132,095
Home equity	—		—		—		—		98		—		1,222		1,320		113,539		114,859
Consumer and other	208		—		—		208		1,041		9		63		1,113		154,824		156,145
Total	$	4,976	$	1,984	$	—	$	6,960	$	26,546	$	2,483	$	15,153	$	44,182	$	5,218,794	$	5,269,936

Nonaccrual and delinquent loans are affected by many factors, such as economic and business conditions, interest rates, unemployment levels, and real estate collateral values, among others. In periods of prolonged economic decline, borrowers may become more severely affected over time as liquidity levels decline and the borrower’s ability to continue to make payments deteriorates. With respect to real estate collateral values, the declines from the peak, as well as the value of the real estate at the time of origination versus the current value, can impact the level of problem loans. For instance, if the loan to value ratio at the time of renewal has increased due to the decline in the real estate value since origination, the loan may no longer meet the Bank’s underwriting standards and may be considered for classification as a problem loan dependent upon a review of risk factors.

Generally when a collateral dependent loan becomes impaired, an updated appraisal of the collateral, if appropriate, is obtained. If the impaired loan has not been upgraded to a performing status within a reasonable amount of time, the Bank will continue to obtain updated appraisals as deemed necessary, especially during periods of declining property values.

The past due status of a loan is determined in accordance with its contractual repayment terms. All loan types are reported past due when one scheduled payment is due and unpaid for 30 days or more.

24

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

Credit Quality Indicators

The Bank uses a risk rating system to monitor the credit quality of its loan portfolio. Loan classifications are assessments made by the Bank of the status of the loans based on the facts and circumstances known to the Bank, including management’s judgment, at the time of assessment. Some or all of these classifications may change in the future if there are unexpected changes in the financial condition of the borrower, including but not limited to, changes resulting from continuing deterioration in general economic conditions on a national basis or in the local markets in which the Bank operates adversely affecting, among other things, real estate values. Such conditions, as well as other factors which adversely affect borrowers’ ability to service or repay loans, typically result in changes in loan default and charge-off rates, and increased provisions for loan losses, which would adversely affect the Company’s financial performance and financial condition. These circumstances are not entirely foreseeable and, as a result, it may not be possible to accurately reflect them in the Company’s analysis of credit risk.

A summary of the rating system used by the Bank, repeated here from 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, follows:

Pass - All loans graded as pass are considered acceptable credit quality by the Bank and are grouped for purposes of calculating the allowance for loan losses. Only commercial loans, including commercial real estate, commercial and industrial loans, and construction and land loans are given a numerical grade. For residential, home equity and consumer loans, the Bank classifies loans as pass unless there is known information such as delinquency or client requests for modifications which, due to financial difficulty, would then generally result in a risk rating such as special mention or more severe depending on the factors.

Special Mention - Loans rated in this category are defined as having potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may, at some future date, result in the deterioration of the repayment prospects for the credit or the Bank’s credit position. These loans are currently protected but have the potential to deteriorate to a substandard rating. For commercial loans, the borrower’s financial performance may be inconsistent or below forecast, creating the possibility of liquidity problems and shrinking debt service coverage. In loans having this rating, the primary source of repayment is still good, but there is increasing reliance on collateral or guarantor support. Collectability of the loan is not yet in jeopardy. In particular, loans in this category are considered more variable than other categories, since they will typically migrate through categories more quickly.

Substandard - Loans rated in this category are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. A substandard credit has a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Substandard loans may be either still accruing or nonaccruing depending upon the severity of the risk and other factors such as the value of the collateral, if any, and past due status.

Doubtful - Loans rated in this category indicate that collection or liquidation in full on the basis of currently existing facts, conditions, and values, is highly questionable and improbable. Loans in this category are usually on nonaccrual and classified as impaired.

The following tables present the loan portfolio’s credit risk profile by internally assigned grade and class of receivable as of the dates indicated:

	June 30, 2015
	By Loan Grade or Nonaccrual Status
	Pass		Special Mention		Accruing Substandard		Nonaccrual Loans		Total
	(In thousands)
Commercial and industrial	$	963,325	$	28,730	$	8,752	$	1,605	$	1,002,412
Commercial real estate	1,741,798		34,578		37,703		13,336		1,827,415
Construction and land	138,884		13,127		5,500		3,415		160,926
Residential	2,158,568		—		7,684		9,256		2,175,508
Home equity	119,248		—		—		1,217		120,465
Consumer and other	173,485		—		1,977		1,062		176,524
Total	$	5,295,308	$	76,435	$	61,616	$	29,891	$	5,463,250

25

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	December 31, 2014
	By Loan Grade or Nonaccrual Status
	Pass		Special Mention		Accruing Substandard		Nonaccrual Loans		Total
	(In thousands)
Commercial and industrial	$	928,228	$	15,703	$	7,025	$	2,129	$	953,085
Commercial real estate	1,703,064		47,782		19,072		18,485		1,788,403
Construction and land	100,672		13,255		—		11,422		125,349
Residential	2,112,129		—		10,253		9,713		2,132,095
Home equity	113,017		—		522		1,320		114,859
Consumer and other	153,044		—		1,988		1,113		156,145
Total	$	5,110,154	$	76,740	$	38,860	$	44,182	$	5,269,936

26

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

The following tables present, by class of receivable, the balance of impaired loans with and without a related allowance, the associated allowance for those impaired loans with a related allowance, and the total unpaid principal on impaired loans:

	As of and for the three and six months ended June 30, 2015
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		QTD Average Recorded Investment		YTD Average Recorded Investment		QTD Interest Income Recognized while Impaired		YTD Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	1,479	$	1,537	n/a		$	509	$	1,152	$	1	$	808
Commercial real estate	18,050		25,881		n/a		18,675		19,808		72		966
Construction and land	1,215		2,240		n/a		1,243		4,637		—		92
Residential	10,239		11,026		n/a		9,444		9,527		73		151
Home equity	50		50		n/a		50		50		—		1
Consumer and other	1,007		1,007		n/a		1,007		1,007		1		1
Subtotal	32,040		41,741		n/a		30,928		36,181		147		2,019
With an allowance recorded:
Commercial and industrial	1,701		1,714		$	316	1,350		1,203		20		54
Commercial real estate	7,144		7,572		776		8,095		8,504		124		216
Construction and land	2,200		2,356		172		2,200		2,200		—		—
Residential	7,329		7,681		1,234		7,479		7,257		51		100
Home equity	—		—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—		—
Subtotal	18,374		19,323		2,498		19,124		19,164		195		370
Total:
Commercial and industrial	3,180		3,251		316		1,859		2,355		21		862
Commercial real estate	25,194		33,453		776		26,770		28,312		196		1,182
Construction and land	3,415		4,596		172		3,443		6,837		—		92
Residential	17,568		18,707		1,234		16,923		16,784		124		251
Home equity	50		50		—		50		50		—		1
Consumer and other	1,007		1,007		—		1,007		1,007		1		1
Total	$	50,414	$	61,064	$	2,498	$	50,052	$	55,345	$	342	$	2,389

___________________

(1) Recorded investment represents the client loan balance net of historical charge-offs and historical nonaccrual interest paid, which was applied to principal.

27

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	As of and for the three and six months ended June 30, 2014
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		QTD Average Recorded Investment		YTD Average Recorded Investment		QTD Interest Income Recognized while Impaired		YTD Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	2,037	$	3,154	n/a		$	2,043	$	2,081	$	1	$	4
Commercial real estate	24,277		34,378		n/a		25,577		27,804		1,564		1,833
Construction and land	730		1,456		n/a		731		779		—		—
Residential	12,215		12,818		n/a		11,035		8,930		54		198
Home equity	50		50		n/a		50		50		—		1
Consumer and other	1,007		1,007		n/a		257		150		1		1
Subtotal	40,316		52,863		n/a		39,693		39,794		1,620		2,037
With an allowance recorded:
Commercial and industrial	1,060		1,168		$	74	1,089		1,201		19		28
Commercial real estate	7,594		8,022		1,003		7,660		8,091		97		188
Construction and land	2,666		2,897		221		2,696		2,712		—		—
Residential	6,996		6,996		609		7,544		8,850		56		125
Home equity	—		—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—		—
Subtotal	18,316		19,083		1,907		18,989		20,854		172		341
Total:
Commercial and industrial	3,097		4,322		74		3,132		3,282		20		32
Commercial real estate	31,871		42,400		1,003		33,237		35,895		1,661		2,021
Construction and land	3,396		4,353		221		3,427		3,491		—		—
Residential	19,211		19,814		609		18,579		17,780		110		323
Home equity	50		50		—		50		50		—		1
Consumer and other	1,007		1,007		—		257		150		1		1
Total	$	58,632	$	71,946	$	1,907	$	58,682	$	60,648	$	1,792	$	2,378

___________________

(1) Recorded investment represents the client loan balance net of historical charge-offs and historical nonaccrual interest paid, which was applied to principal.

28

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	As of and for the year ended December 31, 2014
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	2,011	$	3,095	n/a		$	2,055	$	28
Commercial real estate	21,500		28,700		n/a		24,921		2,483
Construction and land	9,221		11,133		n/a		1,597		—
Residential	9,650		10,788		n/a		9,221		406
Home equity	50		50		n/a		50		3
Consumer and other	1,006		1,007		n/a		546		1
Subtotal	43,438		54,773		n/a		38,390		2,921
With an allowance recorded:
Commercial and industrial	891		954		$	91	1,111		99
Commercial real estate	9,065		9,493		2,592		7,925		379
Construction and land	2,200		2,356		172		2,545		—
Residential	6,749		6,749		1,330		7,742		219
Home equity	—		—		—		—		—
Consumer and other	—		—		—		—		—
Subtotal	18,905		19,552		4,185		19,323		697
Total:
Commercial and industrial	2,902		4,049		91		3,166		127
Commercial real estate	30,565		38,193		2,592		32,846		2,862
Construction and land	11,421		13,489		172		4,142		—
Residential	16,399		17,537		1,330		16,963		625
Home equity	50		50		—		50		3
Consumer and other	1,006		1,007		—		546		1
Total	$	62,343	$	74,325	$	4,185	$	57,713	$	3,618

___________________

(1) Recorded investment represents the client loan balance net of historical charge-offs and historical nonaccrual interest paid, which was applied to principal.

When management determines that it is probable that the Bank will not collect all principal and interest on a loan in accordance with the original loan terms, the loan is designated as impaired.

Loans that are designated as impaired require an analysis to determine the amount of impairment, if any. Impairment would be indicated as a result of the carrying value of the loan exceeding the estimated collateral value, less costs to sell, for collateral dependent loans or the net present value of the projected cash flow, discounted at the loan’s contractual effective interest rate, for loans not considered to be collateral dependent. Generally, shortfalls in the analysis on collateral dependent loans would result in the impairment amount being charged-off to the allowance for loan losses. Shortfalls on cash flow dependent loans may be carried as specific allocations to the general reserve unless a known loss is determined to have occurred, in which case such known loss is charged-off.

Loans in the held for sale category are carried at the lower of amortized cost or estimated fair value in the aggregate and are excluded from the allowance for loan losses analysis.

The Bank may, under certain circumstances, restructure loans as a concession to borrowers who are experiencing financial difficulty. Such loans are classified as TDRs and are included in impaired loans. TDRs typically result from the Bank’s loss mitigation activities which, among other things, could include rate reductions, payment extensions, and/or principal forgiveness. As of June 30, 2015 and December 31, 2014, TDRs totaled $38.8 million and $44.8 million, respectively. As of June 30, 2015, $25.3 million of the $38.8 million in TDRs were on accrual status. As of December 31, 2014, $24.3 million of the $44.8 million in TDRs were on accrual status.

29

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

Since all TDR loans are considered impaired loans, they are individually evaluated for impairment. The resulting impairment, if any, would have an impact on the allowance for loan losses as a specific reserve or charge-off. If, prior to the classification as a TDR, the loan was not impaired, there would have been a general or allocated reserve on the particular loan. Therefore, depending upon the result of the impairment analysis, there could be an increase or decrease in the related allowance for loan losses. Many loans initially categorized as TDRs are already on nonaccrual status and are already considered impaired. Therefore, there is generally not a material change to the allowance for loan losses when a nonaccruing loan is categorized as a TDR.

The following tables present the balance of TDRs that were restructured or defaulted during the periods indicated:

	As of and for the three months ended June 30, 2015
	Restructured current quarter					TDRs that defaulted in the current quarter that were restructured in prior twelve months
	# of Loans	Pre- modification recorded investment		Post- modification recorded investment		# of Loans	Post- modification recorded investment
	(Dollars in thousands)
Commercial and industrial (1)	1	$	1,298	$	1,304	—	$	—
Commercial real estate (2)	1	4,118		4,118		—	—
Construction and land	—	—		—		—	—
Residential (3)	2	131		134		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	4	$	5,547	$	5,556	—	$	—

___________________

(1) Represents the following concessions: combination of concessions.

(2) Represents the following concessions: extension of term.

(3) Represents the following concessions: temporary reduction of interest rate (1 loan; post-modification recorded investment of $0.1 million); payment deferral (1 loan; post-modification recorded investment of less than $0.1 million).

30

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	As of and for the six months ended June 30, 2015
	Restructured year to date					TDRs that defaulted year to date that were restructured in prior twelve months
	# of Loans	Pre- modification recorded investment		Post- modification recorded investment		# of Loans	Post- modification recorded investment
	(Dollars in thousands)
Commercial and industrial (1)	1	$	1,298	$	1,304	—	$	—
Commercial real estate (2)	1	4,118		4,118		—	—
Construction and land	—	—		—		—	—
Residential (3)	8	513		516		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	10	$	5,929	$	5,938	—	$	—

___________________

(1) Represents the following concessions: combination of concessions.

(2) Represents the following concessions: extension of term.

(3) Represents the following concessions: temporary reduction of interest rate (7 loans; post-modification recorded investment of $0.5 million); payment deferral (1 loan; post-modification recorded investment of less than $0.1 million).

	As of and for the three months ended June 30, 2014
	Restructured current quarter					TDRs that defaulted in the current quarter that were restructured in prior twelve months
	# of Loans	Pre- modification recorded investment		Post- modification recorded investment		# of Loans	Post- modification recorded investment
	(Dollars in thousands)
Commercial and industrial	—	$	—	$	—	—	$	—
Commercial real estate	—	—		—		—	—
Construction and land	—	—		—		—	—
Residential (1)	2	115		115		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	2	$	115	$	115	—	$	—

___________________

(1) Represents the following concessions: temporary reduction of interest rate.

31

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	As of and for the six months ended June 30, 2014
	Restructured year to date					TDRs that defaulted year to date that were restructured in prior twelve months
	# of Loans	Pre- modification recorded investment		Post- modification recorded investment		# of Loans	Post- modification recorded investment
	(Dollars in thousands)
Commercial and industrial	—	$	—	$	—	—	$	—
Commercial real estate	—	—		—		—	—
Construction and land	—	—		—		—	—
Residential (1)	3	287		296		2	145
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	3	$	287	$	296	2	$	145

___________________

(1) Represents the following concessions: temporary reduction of interest rate.

32

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

7.    Allowance for Loan Losses

The allowance for loan losses is reported as a reduction of outstanding loan balances, and totaled $78.3 million and $75.8 million at June 30, 2015 and December 31, 2014, respectively.

The following tables present a summary of the changes in the allowance for loan losses for the periods indicated:

	As of and for the three months ended June 30,						As of and for the six months ended June 30,
	2015			2014			2015			2014
	(In thousands)
Allowance for loan losses, beginning of period:
Commercial and industrial	$	14,337		$	12,200		$	14,114		$	12,837
Commercial real estate	43,552			46,366			43,854			44,979
Construction and land	5,411			4,972			4,041			4,465
Residential	10,397			9,746			10,374			10,732
Home equity	1,016			963			1,003			1,020
Consumer and other	508			330			382			322
Unallocated	2,042			2,028			2,070			2,016
Total allowance for loan losses, beginning of period	77,263			76,605			75,838			76,371
Provision/ (credit) for loan losses:
Commercial and industrial	204			357			(1,777		)	(570		)
Commercial real estate	(333		)	(4,323		)	(1,266		)	(3,266		)
Construction and land	7			(654		)	234			(298		)
Residential	(52		)	(229		)	20			(1,677		)
Home equity	8			14			21			(43		)
Consumer and other	75			(59		)	205			(252		)
Unallocated	91			(106		)	63			(94		)
Total provision/(credit) for loan losses	—			(5,000		)	(2,500		)	(6,200		)
Loans charged-off:
Commercial and industrial	(3		)	(285		)	(3		)	(334		)
Commercial real estate	—			(500		)	—			(500		)
Construction and land	—			—			—			—
Residential	—			—			(49		)	(88		)
Home equity	—			—			—			—
Consumer and other	(55		)	(14		)	(60		)	(22		)
Total charge-offs	(58		)	(799		)	(112		)	(944		)
Recoveries on loans previously charged-off:
Commercial and industrial	83			869			2,287			1,208
Commercial real estate	914			2,543			1,545			2,873
Construction and land	—			262			1,143			413
Residential	49			52			49			602
Home equity	—			15			—			15
Consumer and other	—			—			1			209
Total recoveries	1,046			3,741			5,025			5,320

33

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	As of and for the three months ended June 30,				As of and for the six months ended June 30,
	2015		2014		2015		2014
	(In thousands)
Allowance for loan losses at end of period:
Commercial and industrial	14,621		13,141		14,621		13,141
Commercial real estate	44,133		44,086		44,133		44,086
Construction and land	5,418		4,580		5,418		4,580
Residential	10,394		9,569		10,394		9,569
Home equity	1,024		992		1,024		992
Consumer and other	528		257		528		257
Unallocated	2,133		1,922		2,133		1,922
Total allowance for loan losses at end of period	$	78,251	$	74,547	$	78,251	$	74,547

The following tables present the Company’s allowance for loan losses and loan portfolio at June 30, 2015 and December 31, 2014 by portfolio segment, disaggregated by method of impairment analysis. The Company had no loans acquired with deteriorated credit quality at June 30, 2015 or December 31, 2014.

	Commercial and industrial		Commercial real estate		Construction and land		Residential
	(In thousands)
Allowance for loan losses balance at June 30, 2015 attributable to:
Loans collectively evaluated	$	14,305	$	43,357	$	5,246	$	9,160
Loans individually evaluated	316		776		172		1,234
Total allowance for loan losses	$	14,621	$	44,133	$	5,418	$	10,394
Recorded investment (loan balance) at June 30, 2015:
Loans collectively evaluated	$	999,232	$	1,802,221	$	157,511	$	2,157,940
Loans individually evaluated	3,180		25,194		3,415		17,568
Total Loans	$	1,002,412	$	1,827,415	$	160,926	$	2,175,508
	Home equity		Consumer and other		Unallocated		Total
	(In thousands)
Allowance for loan losses balance at June 30, 2015 attributable to:
Loans collectively evaluated	$	1,024	$	528	$	2,133	$	75,753
Loans individually evaluated	—		—		—		2,498
Total allowance for loan losses	$	1,024	$	528	$	2,133	$	78,251
Recorded investment (loan balance) at June 30, 2015:
Loans collectively evaluated	$	120,415	$	175,517	$	—	$	5,412,836
Loans individually evaluated	50		1,007		—		50,414
Total Loans	$	120,465	$	176,524	$	—	$	5,463,250

34

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	Commercial and industrial		Commercial real estate		Construction and land		Residential
	(In thousands)
Allowance for loan losses balance at December 31, 2014 attributable to:
Loans collectively evaluated	$	14,023	$	41,262	$	3,869	$	9,044
Loans individually evaluated	91		2,592		172		1,330
Total allowance for loan losses	$	14,114	$	43,854	$	4,041	$	10,374
Recorded investment (loan balance) at December 31, 2014:
Loans collectively evaluated	$	950,183	$	1,757,839	$	113,928	$	2,115,696
Loans individually evaluated	2,902		30,564		11,421		16,399
Total Loans	$	953,085	$	1,788,403	$	125,349	$	2,132,095
	Home equity		Consumer and other		Unallocated		Total
	(In thousands)
Allowance for loan losses balance at December 31, 2014 attributable to:
Loans collectively evaluated	$	1,003	$	382	$	2,070	$	71,653
Loans individually evaluated	—		—		—		4,185
Total allowance for loan losses	$	1,003	$	382	$	2,070	$	75,838
Recorded investment (loan balance) at December 31, 2014:
Loans collectively evaluated	$	114,809	$	155,138	$	—	$	5,207,593
Loans individually evaluated	50		1,007		—		62,343
Total Loans	$	114,859	$	156,145	$	—	$	5,269,936

8.    Derivatives and Hedging Activities

The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk, primarily by managing the amount, sources, and duration of its assets and liabilities and, to a lesser extent, the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are generally determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments principally related to certain loans, deposits, and borrowings.

35

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

The following table presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of June 30, 2015 and December 31, 2014:

	June 30, 2015							December 31, 2014
	Asset derivatives			Liability derivatives				Asset derivatives			Liability derivatives
	Balance sheet location	Fair value (1)		Balance sheet location	Fair value (1)			Balance sheet location	Fair value (1)		Balance sheet location	Fair value (1)
	(In thousands)
Derivatives designated as hedging instruments:
Interest rate products	Other assets	$	—	Other liabilities	$	(3,010	)	Other assets	$	34	Other liabilities	$	(3,352	)
Derivatives not designated as hedging instruments:
Interest rate products	Other assets	5,281		Other liabilities	(5,101		)	Other assets	5,323		Other liabilities	(5,434		)
Total		$	5,281		$	(8,111	)		$	5,357		$	(8,786	)

___________________

(1) For additional details, see Part I. Item 1. “Notes to Unaudited Consolidated Financial Statements-Note 5: Fair Value Measurements.”

The following table presents the effect of the Company’s derivative financial instruments in the consolidated statements of operations for the three and six months ended June 30, 2015 and 2014:

Derivatives in cash flow hedging relationships	Amount of gain or (loss) recognized in OCI on derivatives (effective portion)					Location of gain or (loss) reclassified from accumulated OCI into income (effective portion)	Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion)
	three months ended June 30,						three months ended June 30,
	2015		2014				2015			2014
(In thousands)
Interest rate products	$	140	$	(1,513	)	Interest expense	$	(1,022	)	$	(732	)
Total	$	140	$	(1,513	)		$	(1,022	)	$	(732	)

Derivatives in cash flow hedging relationships	Amount of gain or (loss) recognized in OCI on derivatives (effective portion)						Location of gain or (loss) reclassified from accumulated OCI into income (effective portion)	Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion)
	six months ended June 30,							six months ended June 30,
	2015			2014				2015			2014
(In thousands)
Interest rate products	$	(1,733	)	$	(2,514	)	Interest expense	$	(2,040	)	$	(1,348	)
Total	$	(1,733	)	$	(2,514	)		$	(2,040	)	$	(1,348	)

The following table presents the components of the Company’s accumulated other comprehensive income/ (loss) related to the derivatives for the three and six months ended June 30, 2015 and 2014:

	Three months ended June 30,						Six months ended June 30,
	2015			2014			2015			2014
	(In thousands)
Accumulated other comprehensive income/ (loss) on cash flow hedges, balance at beginning of period	$	(2,432	)	$	(1,995	)	$	(1,923	)	$	(1,763	)
Net change in unrealized gain/ (loss) on cash flow hedges	676			(463		)	167			(695		)
Accumulated other comprehensive income/ (loss) on cash flow hedges, balance at end of period	$	(1,756	)	$	(2,458	)	$	(1,756	)	$	(2,458	)

36

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

The Holding Company and the Bank have agreements with their derivative counterparties that contain provisions where, if the Holding Company or Bank defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, the Holding Company or the Bank could also be declared in default on its derivative obligations. The Holding Company and the Bank were in compliance with these provisions as of June 30, 2015 and December 31, 2014.

The Holding Company and the Bank also have agreements with certain of their derivative counterparties that contain provisions where, if the Holding Company or Bank fails to maintain its status as a well- or adequately-capitalized institution, the counterparty could terminate the derivative positions and the Holding Company or the Bank would be required to settle its obligations under the agreements. The Holding Company and the Bank were in compliance with these provisions as of June 30, 2015 and December 31, 2014.

Certain of the Holding Company and the Bank’s agreements with their derivative counterparties contain provisions where, if specified events or conditions occur that materially change the Holding Company’s or the Bank’s creditworthiness in an adverse manner, the Holding Company or the Bank may be required to fully collateralize their obligations under the derivative instruments. The Holding Company and the Bank were in compliance with these provisions as of June 30, 2015 and December 31, 2014.

As of June 30, 2015 and December 31, 2014, the termination amounts related to collateral determinations of derivatives in a liability position was $7.3 million and $8.9 million, respectively. The Company has minimum collateral posting thresholds with its derivative counterparties and has posted cash collateral of $2.9 million and $3.7 million, respectively, and pledged securities of $6.2 million and $7.0 million, respectively, as of June 30, 2015 and December 31, 2014, against its obligations under these agreements.

Cash Flow Hedges of Interest Rate Risk

The Company’s objective in using derivatives is to add stability to interest income and expense and to manage the risk related to exposure to changes in interest rates. To accomplish this objective, the Holding Company entered into an interest rate swap in the second quarter of 2010 with a notional amount of $75 millionrelated to the Holding Company’s cash outflows associated with the subordinated debt related to trust preferred securities to protect against an increase in the London Interbank Offered Rate (“LIBOR”). The interest rate swap had an effective date of December 30, 2010 and a term of five years. As of December 30, 2010, the subordinated debt switched from a fixed rate of 6.25% to a variable rate of three-month LIBOR plus 1.68%. The interest rate swap effectively fixed the Holding Company’s interest rate payments on the $75 million of debt at 4.45%.

The Bank entered into a total of six interest rate swaps, one during 2014 with an effective date of June 1, 2014, and five during 2013 with effective dates of December 1, 2014, September 2, 2014, June 1, 2014, March 1, 2014, and August 1, 2013. The six interest rate swaps each have a notional amount of $25 million and have terms ranging from three to six years. The Bank’s risk management objective and strategy for these interest rate swaps is to reduce its exposure to variability in interest-related cash outflows attributable to changes in the LIBOR swap rate associated with borrowing programs for each of the periods, initially expected to be accomplished with LIBOR-indexed brokered deposits, but may also include LIBOR-indexed FHLB advances. The interest rate swaps will effectively fix the Bank’s interest payments on $150 million of its LIBOR-indexed liabilities at rates between 1.17% and 2.32%, and a weighted average rate of 1.85%.

The Company uses the “Hypothetical Derivative Method” described in ASC 815, Derivatives and Hedging (“ASC 815”), for quarterly prospective and retrospective assessments of hedge effectiveness, as well as for measurements of hedge ineffectiveness. Under this method, the Company assesses the effectiveness of each hedging relationship by comparing the changes in cash flows of the derivative hedging instrument with the changes in cash flows of the designated hedged transactions. The effective portion of changes in the fair value of the derivative is initially reported in other comprehensive income (“OCI”) (outside of earnings) and subsequently reclassified to earnings in interest and dividend income when the hedged transactions affect earnings. Ineffectiveness resulting from the hedge is recorded as a gain or loss in the consolidated statement of operations as part of fees and other income. The Company had no hedge ineffectiveness recognized in earnings during the three and six months ended June 30, 2015 and 2014. The Company also monitors the risk of counterparty default on an ongoing basis.

A portion of the balance reported in accumulated other comprehensive income related to derivatives will be reclassified to interest income or expense as interest payments are made or received on the Company’s interest rate swaps. During the next twelve months, the Company estimates that $2.8 million will be reclassified as an increase in interest expense.

37

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

Non-designated Hedges

Derivatives not designated as hedges are not speculative and result from two different services the Bank provides to qualified commercial clients. The Bank offers certain derivative products directly to such clients. The Bank economically hedges derivative transactions executed with commercial clients by entering into mirror-image, offsetting derivatives with third parties. Derivative transactions executed as part of these programs are not designated, as per ASC 815, as qualifying hedging relationships and are, therefore, marked-to-market through earnings each period. Because the derivatives have mirror-image contractual terms, the changes in fair value substantially offset through earnings. Fees earned in connection with the execution of derivatives related to this program are recognized in the consolidated statement of operations in other income. As of June 30, 2015 and December 31, 2014, the Bank had 48 and 24 derivatives, respectively, related to this program, comprised of interest rate swaps and caps, with an aggregate notional amount of $324.3 million and $238.7 million, respectively.

In addition, as a participant lender, the Bank has guaranteed performance on a pro-rated portion of a swap executed by another financial institution. The derivative transaction entered into as part of this transaction is not designated, as per ASC 815, as a qualifying hedging relationship and is, therefore, marked-to-market through earnings each period. The pro-rated notional amount of this risk participation transaction was $8.3 million as of June 30, 2015. There were no such risk participation transactions as of December 31, 2014.

As of June 30, 2015 and December 31, 2014, the Bank had no foreign currency exchange contracts outstanding related to this program. The derivative asset and liability values for non-designated hedges include an adjustment related to the consideration of credit risk required under ASC 820.

The following table presents the effect of the Bank’s derivative financial instruments not designated as hedging instruments in the consolidated statement of operations for the three and six months ended June 30, 2015 and 2014.

		Amount of gain or (loss), net, recognized in income on derivatives
Derivatives not designated as hedging instruments	Location of gain or (loss) recognized in income on derivative	Three months ended June 30,					Six months ended June 30,
		2015		2014			2015		2014
		(In thousands)
Interest rate products	Other income/ (expense)	$	307	$	(80	)	$	301	$	(106	)
Other products (1)	Other income/ (expense)	5		—			45		—
Total		$	312	$	(80	)	$	346	$	(106	)

___________________

(1)     Risk Participation Agreement.

38

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

9.    Income Taxes

The following table presents the components of income tax expense for continuing operations, discontinued operations, noncontrolling interests and the Company:

	Six months ended June 30,
	2015			2014
	(In thousands)
Income from continuing operations:
Income before income taxes	$	51,817		$	54,727
Income tax expense	16,572			17,471
Net income from continuing operations	$	35,245		$	37,256
Effective tax rate, continuing operations	32.0		%	31.9		%
Income from discontinued operations:
Income before income taxes	$	6,227		$	6,048
Income tax expense	2,587			2,670
Net income from discontinued operations	$	3,640		$	3,378
Effective tax rate, discontinued operations	41.5		%	44.1		%
Less: Income attributable to noncontrolling interests:
Income before income taxes	$	2,492		$	2,261
Income tax expense	—			—
Net income attributable to noncontrolling interests	$	2,492		$	2,261
Effective tax rate, noncontrolling interests	—		%	—		%
Income attributable to the Company
Income before income taxes	$	55,552		$	58,514
Income tax expense	19,159			20,141
Net income attributable to the Company	$	36,393		$	38,373
Effective tax rate attributable to the Company	34.5		%	34.4		%

The effective tax rate for continuing operations for the six months ended June 30, 2015 of 32.0%, with related tax expense of $16.6 million, was calculated based on a projected 2015 annual effective tax rate. The effective tax rate was less than the statutory rate of 35% due primarily to earnings from tax-exempt investments, income tax credits, and income attributable to noncontrolling interests. These items were partially offset by state and local income taxes.

The effective tax rate for continuing operations for the six months ended June 30, 2014 of 31.9%, with related tax expense of $17.5 million, was calculated based on a projected 2014 annual effective tax rate. The effective tax rate was less than the statutory rate of 35% due primarily to earnings from tax-exempt investments, income tax credits, and income attributable to noncontrolling interests. These items were partially offset by state and local income taxes.

On April 13, 2015, New York City enacted legislation that requires corporations that are engaged in unitary business operations to file combined returns with their affiliates for tax years beginning on or after January 1, 2015. Starting in 2015, all of the Company's affiliates will be included in the Company's New York City tax return instead of just those affiliates with a nexus to New York City. The Company incorporated the impact of these New York City law changes in the quarter ended June 30, 2015, the quarter in which the law was enacted. The Company adjusted the New York City apportionment percentages for purposes of measuring deferred tax assets and liabilities that will reverse after the effective date. As a result of these New York City law changes, the value of the New York City net deferred tax asset increased by $0.7 million, which decreased tax expense by $0.5 million, net of federal tax benefit, as of June 30, 2015. The impact of these New York City law changes may result in an increase in the Company’s New York City tax expense starting in 2015.

39

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

On March 31, 2014, New York State enacted legislation that requires corporations that are engaged in unitary business operations to file combined returns with their affiliates for tax years beginning on or after January 1, 2015. Starting in 2015, all of the Company's affiliates will be included in the Company's New York state tax return instead of just those affiliates with a nexus to New York State. In addition, the New York state tax rate will be reduced from 7.1% to 6.5% for tax years beginning on or after January 1, 2016. The Company reflected the impact of these New York state law changes in the quarter ended March 31, 2014, the quarter in which the law was enacted. The Company adjusted the New York state applicable tax rate and apportionment percentages for purposes of measuring deferred tax assets and liabilities that will reverse after the effective date. As a result of these New York state law changes, the value of the New York state net deferred tax asset increased by $0.7 million, which decreased tax expense by $0.5 million, net of federal tax benefit, as of March 31, 2014. The impact of these New York state law changes may result in an increase in the Company’s New York state tax expense starting in 2015.

Contingent consideration related to the 2009 divestiture of certain affiliates, primarily related to the revenue sharing agreement with Westfield Capital Management Company, LLC, is reflected under “discontinued operations” in the table above. The profits and losses attributable to owners other than the Company are reflected under “noncontrolling interests” in the table above.

10.    Noncontrolling Interests

At the Company, noncontrolling interests typically consist of equity owned by management of the Company’s respective majority-owned affiliates. Net income attributable to noncontrolling interests in the consolidated statements of operations represents the net income allocated to the noncontrolling interest owners of the affiliates. Net income allocated to the noncontrolling interest owners was $1.3 million and $1.0 million for the three month periods ended June 30, 2015 and 2014, respectively, and $2.5 million and $2.3 million for the six month periods ended June 30, 2015 and 2014, respectively.

On the consolidated balance sheets, noncontrolling interests are included as the sum of the capital and undistributed profits allocated to the noncontrolling interest owners. Typically, this balance is included in a company’s permanent shareholders’ equity in the consolidated balance sheets. When the noncontrolling interest owners’ rights include certain redemption features, as described in ASC 480, Distinguishing Liabilities from Equity, such redeemable noncontrolling interests are classified as mezzanine equity and are not included in permanent shareholders’ equity. Due to the redemption features of the noncontrolling interests, the Company had redeemable noncontrolling interests held in mezzanine equity in the accompanying consolidated balance sheets of $19.2 million and $20.9 million at June 30, 2015 and December 31, 2014, respectively. The aggregate amount of such redeemable noncontrolling equity interests are recorded at the estimated maximum redemption values. In addition, the Company had $2.9 million and $0.4 million in noncontrolling interests included in permanent shareholder’s equity at June 30, 2015 and December 31, 2014, respectively.

Each non-wholly owned affiliate operating agreement provides the Company and/or the noncontrolling interests with contingent call or put redemption features used for the orderly transfer of noncontrolling equity interests between the affiliate noncontrolling interest owners and the Company at either a contractually predetermined fair value; multiple of earnings before interest, taxes, depreciation, and amortization (EBITDA); or fair value. The Company may liquidate these noncontrolling interests in cash, shares of the Company’s common stock, or other forms of consideration dependent on the operating agreement. These agreements are discussed in Part II. Item 8. “Financial Statements and Supplementary Data – Note 14: Noncontrolling Interests” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

Generally, these put and call redemption features refer to shareholder rights of both the Company and the noncontrolling interest owners of the Company’s majority-owned affiliate companies. The affiliate company noncontrolling interests generally take the form of limited liability companies (LLC) units, profits interests, or common stock (collectively, the “noncontrolling equity interests”). In most circumstances, the put and call redemption features generally relate to the Company’s right and, in some cases, obligation to purchase and the noncontrolling equity interests’ right to sell their equity interests. There are various events that could cause the puts or calls to be exercised, such as a change in control, death, disability, retirement, resignation or termination. The puts and calls are generally to be exercised at the then fair value or a contractually agreed upon approximation thereof. The terms of these rights vary and are governed by the respective individual operating and legal documents.

40

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

The following table presents, by affiliate, the noncontrolling interests included as redeemable noncontrolling interests and noncontrolling interests in mezzanine and permanent equity, respectively, at the periods indicated:

	June 30, 2015		December 31, 2014
	(In thousands)
Anchor	$	11,611	$	11,929
BOS	6,941		6,069
DGHM (1)	3,544		3,293
Total	$	22,096	$	21,291
Redeemable noncontrolling interests	$	19,200	$	20,905
Noncontrolling interests	$	2,896	$	386

______________

(1)    Only includes redeemable noncontrolling interests.

The following table presents a rollforward of the Company’s redeemable noncontrolling interests and noncontrolling interests for the periods indicated:

	Three months ended						Six months ended
	June 30, 2015						June 30, 2015
	Redeemable noncontrolling interests			Noncontrolling interests			Redeemable noncontrolling interests			Noncontrolling interests
	(In thousands)
Noncontrolling interests at beginning of period	$	19,911		$	2,601		$	20,905		$	386
Net income attributable to noncontrolling interests	984			279			2,064			428
Distributions	(1,098		)	(116		)	(2,153		)	(252		)
Purchases/ (sales) of ownership interests	(1,503		)	—			(1,503		)	419
Transfers of ownership interests from mezzanine to permanent equity	—			—			(1,652		)	1,652
Amortization of equity compensation	—			118			—			236
Adjustments to fair value	906			14			1,539			27
Noncontrolling interests at end of period	$	19,200		$	2,896		$	19,200		$	2,896

	Three months ended						Six months ended
	June 30, 2014						June 30, 2014
	Redeemable noncontrolling interests			Noncontrolling interests			Redeemable noncontrolling interests			Noncontrolling interests
	(In thousands)
Noncontrolling interests at beginning of period	$	20,774		$	110		$	19,468		$	171
Net income attributable to noncontrolling interests	992			33			2,196			65
Distributions	(1,008		)	(44		)	(2,069		)	(177		)
Purchases/ (sales) of ownership interests	(473		)	126			(473		)	126
Amortization of equity compensation	—			24			—			48
Adjustments to fair value	610			(17		)	1,773			(1		)
Noncontrolling interests at end of period	$	20,895		$	232		$	20,895		$	232

41

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

11.    Accumulated Other Comprehensive Income

The following table presents a summary of the amounts reclassified from accumulated other comprehensive income/ (loss) for the three and six months ended June 30, 2015 and 2014:

Description of component of accumulated other comprehensive income/ (loss)	Three months ended June 30,						Six months ended June 30,						Affected line item in Statement of Operations
	2015			2014			2015			2014
	(In thousands)						(In thousands)
Adjustment for realized gains/ (losses) on securities available for sale, net:
Pre-tax	$	8		$	—		$	16		$	1		Gain on sale of investments, net
Tax expense/ (benefit)	4			—			7			—			Income tax expense
Net	$	4		$	—		$	9		$	1		Net income attributable to the Company
Net realized gain/ (loss) on cash flow hedges:
Hedge related to junior subordinated debentures:
Pre-tax	$	(473	)	$	(481	)	$	(944	)	$	(954	)	Interest expense on junior subordinated debentures
Tax expense/ (benefit)	(202		)	(206		)	(404		)	(407		)	Income tax expense
Net	$	(271	)	$	(275	)	$	(540	)	$	(547	)	Net income attributable to the Company
Hedges related to deposits:
Pre-tax	$	(549	)	$	(251	)	$	(1,096	)	$	(394	)	Interest expense on deposits
Tax expense/ (benefit)	(227		)	(104		)	(452		)	(164		)	Income tax expense
Net	$	(322	)	$	(147	)	$	(644	)	$	(230	)	Net income attributable to the Company
Total reclassifications for the period, net of tax	$	(589	)	$	(422	)	$	(1,175	)	$	(776	)

12.    Restructuring

On May 27, 2011, the Company completed the merger of its four private banks, operating in the New England, San Francisco Bay, Southern California and Pacific Northwest markets, under a single Massachusetts charter. During this period of restructuring, the Company sought to reduce expenses by simplifying the portfolio businesses and streamlining the Holding Company structure, while incurring certain merger-related expenses such as severance charges, costs to terminate contracts, legal, audit and consulting costs, and other costs. The Company substantially completed the merger-related restructuring as planned in the first half of 2012.

During the second half of 2012, the Company implemented a senior executive restructuring at the Holding Company and Bank. The purpose of this restructuring was to create a more streamlined organization and to refine the Company’s cost base. To implement the new structure the Company incurred an additional severance charge of $4.8 million, all during the second half of 2012. The Company expects no additional severance charges associated with this initiative.

In the fourth quarter of 2014, the Company incurred restructuring charges related to the acquisition of Banyan. The purpose of this restructuring was to realign the management structure within the Wealth Management and Trust segment. The total cost of the restructuring incurred in Q4 2014 was $0.7 million. In the second quarter of 2015, the Company incurred additional restructuring charges to further refine the management structure within the Wealth Management and Trust Segment. The total cost of the restructuring incurred in Q2 2015 was $0.2 million. The Company expects to incur an additional $0.3 million in lease termination costs in the second half of 2015 related to this restructuring plan.

Restructuring expenses incurred since the plans of restructuring were first implemented in 2011 totaled $14.9 million, with the Private Banking segment incurring $9.5 million, the Wealth Management and Trust segment incurring $0.9 million and the remaining $4.5 million incurred by the Holding Company.

42

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

The following table presents a summary of the restructuring activity for the three and six months ended June 30, 2015 and 2014:

	Severance Charges			Total
	(In thousands)
Accrued charges at December 31, 2014	$	739		$	739
Costs incurred	—			—
Costs paid	(489		)	(489		)
Accrued charges at March 31, 2015	250			250
Costs incurred	220			220
Costs paid	(81		)	(81		)
Accrued charges at June 30, 2015	$	389		$	389
Accrued charges at December 31, 2013	$	33		$	33
Costs incurred	—			—
Costs paid	(33		)	(33		)
Accrued charges at March 31, 2014	—			—
Costs incurred	—			—
Costs paid	—			—
Accrued charges at June 30, 2014	$	—		$	—

13.    Recent Accounting Pronouncements

In January 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2014-04, Receivables - Troubled Debt Restructuring by Creditors (Subtopic 310-40) - Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The amendments to this update are intended to clarify when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and the real estate recognized. The new guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2014 and interim periods within annual periods beginning after December 15, 2015. The Company does not expect this ASU to have a material effect on its consolidated financial statements.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), amending the ASC and creating a new Topic 606, Revenue from Contracts with Customers. This issuance was part of the joint project between the FASB and the International Accounting Standards Board to clarify the principles of recognizing revenue and to develop a common revenue standard for GAAP and International Financial Reporting Standards. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is not permitted. The impact of ASU 2014-09 on the Company’s consolidated financial statements is not yet known. Additionally, a proposed ASU was circulated in April 2015 which, if issued, would defer adoption to annual reporting periods beginning after December 15, 2017.

43

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF

FINANCIAL CONDITION AND RESULTS OF OPERATIONS

As of and for the three and six months ended June 30, 2015

Certain statements contained in this Quarterly Report on Form 10-Q that are not historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties. These statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of the words “may,” “will,” “should,” “could,” “would,” “plan,” “potential,” “estimate,” “project,” “believe,” “intend,” “anticipate,” “expect,” “target” and similar expressions. These statements include, among others, statements regarding our strategy, effectiveness of our investment programs, evaluations of future interest rate trends and liquidity, expectations as to growth in assets, deposits and results of operations, receipt of regulatory approval for pending acquisitions, success of acquisitions, future operations, market position, financial position, and prospects, plans and objectives of management. You should not place undue reliance on our forward-looking statements. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to significant risks, uncertainties and other factors which are, in some cases, beyond the Company’s control.

Forward-looking statements are based on the current assumptions and beliefs of management and are only expectations of future results. The Company’s actual results could differ materially from those projected in the forward-looking statements as a result of, among others, factors referenced herein under the section captioned “Risk Factors”; adverse conditions in the capital and debt markets and the impact of such conditions on the Company’s private banking, investment management and wealth advisory activities; changes in interest rates; competitive pressures from other financial institutions; the effects of weakness in general economic conditions on a national basis or in the local markets in which the Company operates; changes in the value of securities and other assets; changes in loan default and charge-off rates; the adequacy of loan loss reserves; reductions in deposit levels necessitating increased borrowing to fund loans and investments; changes in government regulation; the risk that goodwill and intangibles recorded in the Company’s financial statements will become impaired; the risk that the Company’s deferred tax assets may not be realized; risks related to the identification and implementation of acquisitions, dispositions and restructurings; and changes in assumptions used in making such forward-looking statements, as well as the other risks and uncertainties detailed in the Company’s Annual Report on Form 10-K and updated in the Company’s Quarterly Reports on Form 10-Q and other filings submitted to the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made. The Company does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made.

44

Executive Summary

The Company offers a wide range of wealth management services to high net worth individuals, families, businesses and select institutions through its four reportable segments: Private Banking, Wealth Management and Trust, Investment Management, and Wealth Advisory. This Executive Summary provides an overview of the most significant aspects of our operating segments and the Company’s operations in the second quarter of 2015. Details of the matters addressed in this summary are provided elsewhere in this document and, in particular, in the sections immediately following.

	Three months ended June 30,
	2015		2014			$ Change			% Change
	(In thousands, except per share data)
Total revenues	$	87,745	$	80,642		$	7,103		9	%
Provision/ (credit) for loan losses	—		(5,000		)	5,000			nm
Total operating expense	62,418		54,402			8,016			15	%
Net income from continuing operations	17,327		20,907			(3,580		)	(17	)%
Net income attributable to noncontrolling interests	1,263		1,025			238			23	%
Net income attributable to the Company	17,610		21,332			(3,722		)	(17	)%
Diluted earnings per share:
From continuing operations	$	0.18	$	0.23		$	(0.05	)	(22	)%
From discontinued operations	$	0.02	$	0.02		$	—		—	%
Total attributable to common shareholders	$	0.20	$	0.25		$	(0.05	)	(20	)%

_____________

nm    not meaningful

Net income attributable to the Company was $17.6 million for the three months ended June 30, 2015 and $21.3 million for the same period in 2014. The Company recognized diluted earnings per share of $0.20 for the three months ended June 30, 2015 and $0.25 for the same period in 2014.

Key items that affected the Company’s results in the second quarter of 2015 compared to the same period of 2014 include:

▪ The Company recorded no credit or provision to the provision for loan losses for the three months ended June 30, 2015, compared to a credit to the provision for loan losses of $5.0 million for the same period of 2014. The lack of provision for the three months ended June 30, 2015 was primarily due to changes in loss factors, net recoveries of $1.0 million in the quarter and payoffs of classified loans, offset by loan growth and loan downgrades.

▪ Fees and other income increased 24% to $42.7 million for the three months ended June 30, 2015, compared to $34.4 million for the same period of 2014. This increase was driven by fee-based revenue including a 6% increase in wealth advisory fees, and a 92% increase in wealth management and trust fees primarily related to the acquisition of Banyan Partners, LLC (“Banyan”) in the fourth quarter of 2014. Additionally, in the second quarter of 2015 the Company recognized $1.1 million in other income related to the fair value adjustment for the Banyan earnout and $0.9 million in gains on partnership investments. Total fees and other income represents 49% of total revenue for the three months ended June 30, 2015, compared to 43% of total revenue for the same period of 2014.

▪ Operating expenses increased $8.0 million, or 15%, to $62.4 million for the three months ended June 30, 2015, compared to $54.4 million for the same period of 2014. The increase is primarily related to an increase in compensation expense and occupancy and equipment expense and the acquisition of Banyan. These increases were partially offset by a decrease in marketing and business development expense.

The Company’s Private Banking segment reported net income attributable to the Company of $14.3 million in the second quarter of 2015, compared to net income attributable to the Company of $18.1 million for the same period of 2014. The $3.8 million, or 21%, decrease was a result of the 2014 credit to the provision for loan losses and the second quarter 2014 gain on sale of loans from the commercial loan portfolio, and increased operating expenses for the three months ended June 30, 2015.

45

The Company’s Wealth Management and Trust segment reported net income attributable to the Company of $1.1 million in the second quarter of 2015, compared to net income attributable to the Company of $1.0 million for the same period of 2014. The $0.1 million, or 5%, increase was the net result of several factors including the acquisition of Banyan in the fourth quarter of 2014 which contributed to increased fee income as well as additional operating expenses, including the related amortization of intangibles. Also, in the second quarter of 2015, there were employee departures which resulted in the reversal of expenses related to the forfeiture of accrued incentive payments and unvested equity compensation. Wealth Management and Trust AUM increased $4.3 billion, or 91%, to $9.0 billion at June 30, 2015 from $4.7 billion at June 30, 2014, primarily due to the acquisition of Banyan. Additionally, net outflows for the twelve months ending June 30, 2015 were $0.3 billion, which were offset by positive investment performance of $0.3 billion.

The Company’s Investment Management segment reported net income attributable to the Company of $1.5 million in the second quarter of 2015, compared to net income attributable to the Company of $1.2 million for the same period of 2014. The $0.3 million, or 24%, increase was due to decreased operating expenses, primarily due to decreased professional services expense due to the second quarter 2014 acceleration of fee-sharing arrangements. Most fee-based revenue is determined based on beginning-of-period AUM data. Investment Management AUM decreased $0.2 billion, or 2%, to $10.7 billion at June 30, 2015 from $10.9 billion at June 30, 2014, primarily due to net outflows of $0.7 billion, partially offset by positive investment performance of $0.5 billion.

The Company’s Wealth Advisory segment reported net income attributable to the Company of $1.9 million in the second quarter of 2015, compared to net income attributable to the Company of $1.9 million for the same period of 2014. The 1% decrease was due to increased operating expenses, primarily due to increased occupancy and equipment expense, and increased professional services expenses, partially offset by increased wealth advisory fee revenue. Wealth Advisory AUM increased $0.2 billion, or 2%, to $9.9 billion at June 30, 2015 from $9.8 billion at June 30, 2014, primarily due to investment performance of $0.1 billion and flat net flows.

Critical Accounting Policies

Critical accounting policies reflect significant judgments and uncertainties, and could potentially result in materially different results under different assumptions and conditions. The Company believes that its most critical accounting policies upon which its financial condition depends, and which involve the most complex or subjective decisions or assessments are the allowance for loan and lease losses, the valuation of goodwill and intangible assets and analysis for impairment, and tax estimates. These policies are discussed in Part II. Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Critical Accounting Policies” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. There have been no changes to these policies through the filing of this Quarterly Report on Form 10-Q.

46

Financial Condition

Condensed Consolidated Balance Sheets and Discussion

	June 30, 2015		December 31, 2014		Increase/ (decrease)			% Change
	(In thousands)
Assets:
Total cash and investments	$	1,219,032	$	1,175,610	$	43,422		4	%
Loans held for sale	19,512		7,099		12,413			175	%
Total loans	5,463,250		5,269,936		193,314			4	%
Less: Allowance for loan losses	78,251		75,838		2,413			3	%
Net loans	5,384,999		5,194,098		190,901			4	%
Goodwill and intangible assets	188,543		191,800		(3,257		)	(2	)%
Other assets	233,853		229,267		4,586			2	%
Total assets	$	7,045,939	$	6,797,874	$	248,065		4	%
Liabilities and Equity:
Deposits	$	5,429,028	$	5,453,879	$	(24,851	)	—	%
Total borrowings	774,552		507,009		267,543			53	%
Other liabilities	95,074		112,170		(17,096		)	(15	)%
Total liabilities	6,298,654		6,073,058		225,596			4	%
Redeemable Noncontrolling Interests	19,200		20,905		(1,705		)	(8	)%
Total shareholders’ equity	728,085		703,911		24,174			3	%
Total liabilities, redeemable noncontrolling interests and shareholders’ equity	$	7,045,939	$	6,797,874	$	248,065		4	%

Total Assets. Total assets increased$248.1 million, or 4%, to $7.0 billion at June 30, 2015 from $6.8 billion at December 31, 2014. This increase was due primarily to increases in investments and total loans.

Cash and Investments. Total cash and investments (consisting of cash and cash equivalents, investment securities, and stock in the FHLBs) increased$43.4 million, or 4%, to $1.2 billion, or 17% of total assets at June 30, 2015 from $1.2 billion, or 17% of total assets at December 31, 2014. The increase was due to the $162.0 million, or 20%, increase in available for sale investment securities, partially offset by the $109.5 million, or 63%, decrease in cash and cash equivalents, and the $12.5 million, or 9%, decrease in investments held to maturity. The change in cash and cash equivalents is the net result of short-term fluctuations in liquidity due to changes in levels of deposits, borrowings and loans outstanding.

The majority of the investments held by the Company are held by the Bank. The Bank’s investment policy requires management to maintain a portfolio of securities which will provide liquidity necessary to facilitate funding of loans, to cover deposit fluctuations, and to mitigate the Bank’s overall balance sheet exposure to interest rate risk, while at the same time earning a satisfactory return on the funds invested. The securities in which the Bank may invest are subject to regulation and are generally limited to securities that are considered “investment grade.”

Investment maturities, redemptions, principal payments, and sales of the Company’s securities provided $117.6 million of cash proceeds during the six months ended June 30, 2015. The timing of sales and reinvestments is based on various factors, including management’s evaluation of interest rate trends, the credit risk of municipal securities and the Company’s liquidity. The Company’s available for sale investment portfolio carried a total of $6.6 million of unrealized gains and $6.7 million of unrealized losses at June 30, 2015, compared to $6.8 million of unrealized gains and $3.6 million of unrealized losses at December 31, 2014.

No impairment losses were recognized through earnings related to investment securities during the six months ended June 30, 2015 and 2014. The total amount of unrealized losses was not significant and was primarily due to movements in interest rates since the securities were purchased. At June 30, 2015, the Company had no intent to sell any securities in an unrealized loss position at that date and it is not more likely than not that the Company would be forced to sell any of these securities prior to the full recovery of all unrealized losses.

47

See Part I. Item 1. “Notes to Unaudited Consolidated Financial Statements - Note 4: Investments” for further details of the Company’s investment securities.

Loans held for sale. Loans held for sale increased$12.4 million to $19.5 million at June 30, 2015 from $7.1 million at December 31, 2014. The balance of loans held for sale is usually related to the timing and volume of residential loans originated for sale and the ultimate sale transaction, which is typically executed within a short time following the loan origination.

Goodwill and intangible assets, net. Goodwill and intangible assets decreased$3.3 million, or 2%, to $188.5 million at June 30, 2015 from $191.8 million at December 31, 2014. The decrease is due to amortization of intangible assets. The Company tests goodwill for impairment on an annual basis in the fourth quarter, and between annual dates if events or circumstances change that would more likely than not reduce the fair value of the reporting unit below its carrying value, in accordance with ASC 350, Intangibles-Goodwill and Other. Management concluded at June 30, 2015 that there were no triggering events during the six months then ended.

Other. Other assets, consisting of other real estate owned (“OREO”), premises and equipment, fees receivable, accrued interest receivable, deferred income taxes, net, and other assets, increased$4.6 million, or 2%, to $233.9 million at June 30, 2015 from $229.3 million at December 31, 2014. The increase was the result of increases in other assets.

Other assets, which consist primarily of Bank-Owned Life Insurance (“BOLI”), prepaid expenses, investment in partnerships, the fair value of interest rate derivatives, and other receivables, increased$5.4 million, or 4%, to $125.3 million at June 30, 2015 from $120.0 million at December 31, 2014. The increase is primarily due to an increase in income tax receivables, prepaid expenses, and BOLI, partially offset by a decrease in partnership investments.

Deposits. Total deposits decreased$24.9 million, or 0%, to $5.4 billion, at June 30, 2015 from $5.5 billion at December 31, 2014. Deposit balances decreased during the first six months of 2015 due to lower money market and NOW deposits, partially offset by higher demand deposits. Deposit levels can fluctuate from quarter to quarter as a result of large short-term transactions by commercial clients. Seasonality can also affect the deposit balances.

The following table presents the composition of the Company’s deposits at June 30, 2015 and December 31, 2014:

	June 30, 2015				December 31, 2014
	Balance		as a % of total		Balance		as a % of total
	(In thousands)
Demand deposits (noninterest-bearing)	$	1,486,251	27	%	$	1,418,426	26	%
NOW (1)	509,625		10	%	549,320		10	%
Savings	71,626		1	%	71,367		1	%
Money market (1)	2,772,572		51	%	2,816,928		52	%
Certificates of deposit under $100,000 (1)	178,081		3	%	185,721		3	%
Certificates of deposit of $100,000 or greater	410,873		8	%	412,117		8	%
Total deposits	$	5,429,028	100	%	$	5,453,879	100	%

____________

(1) Includes brokered deposits.

Borrowings. Total borrowings, which consist of securities sold under agreements to repurchase, federal funds purchased, if any, FHLB borrowings, and junior subordinated debentures, increased$267.5 million, or 53%, to $774.6 million at June 30, 2015 from $507.0 million at December 31, 2014. From time to time, the Bank purchases federal funds from the FHLB and other banking institutions to supplement its liquidity position; and had $100.0 million outstanding at June 30, 2015 and none outstanding at December 31, 2014. FHLB borrowings increased$171.4 million, or 46%, to $541.5 million at June 30, 2015 from $370.2 million at December 31, 2014. FHLB borrowings are generally used to provide additional funding for loan growth when it is in excess of deposit growth and to manage interest rate risk, but can also be used as an additional source of liquidity for the Bank. Repurchase agreements decreased$3.8 million, or 13%, to $26.7 million at June 30, 2015 from $30.5 million at December 31, 2014. Repurchase agreements are generally linked to commercial demand deposit accounts with an overnight sweep feature.

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Other. Other liabilities, which consist primarily of accrued interest, accrued bonus, the fair value of interest rate derivatives, and other accrued expenses, decreased$17.1 million, or 15%, to $95.1 million at June 30, 2015 from $112.2 million at December 31, 2014. The decrease is primarily due to the payout of accrued bonuses and commissions, decreases in commitments to fund tax credits as we continue to fund them, and the decrease in the projected earn-out related to the Banyan acquisition.

Loan Portfolio and Credit Quality

Loans. Total portfolio loans increased $193.3 million, or 4%, to $5.5 billion, or 78%, of total assets as of June 30, 2015, compared to $5.3 billion, or 78%, of total assets as of December 31, 2014. Increases were recorded in all the Bank's loan categories: commercial and industrial loans of $49.3 million, or 5%, residential loans of $43.4 million, or 2%, commercial real estate loans of $39.0 million, or 2%, construction and land loans of $35.6 million, or 28%, home equity and other consumer loans of $26.0 million, or 10%.

Geographic concentration. The following table presents the Bank’s outstanding loan balance concentrations as of June 30, 2015 based on the location of the lender’s regional offices.

	Commercial and Industrial				Commercial Real Estate				Construction and Land				Residential				Home Equity and Other Consumer
	Amount		Percent		Amount		Percent		Amount		Percent		Amount		Percent		Amount		Percent
	(In thousands)
New England	$	793,897	79	%	$	728,820	40	%	$	102,068	63	%	$	1,316,705	61	%	$	249,579	84	%
San Francisco Bay	121,477		12	%	629,258		34	%	45,221		28	%	466,155		21	%	36,806		12	%
Southern California	87,038		9	%	469,337		26	%	13,637		9	%	392,648		18	%	10,604		4	%
Total	$	1,002,412	100	%	$	1,827,415	100	%	$	160,926	100	%	$	2,175,508	100	%	$	296,989	100	%

Allowance for loan losses. The allowance for loan losses is reported as a reduction of outstanding loan balances and totaled $78.3 million and $75.8 million as of June 30, 2015 and December 31, 2014, respectively.

The allowance for loan losses as of June 30, 2015increased $2.4 million, or 3%, from December 31, 2014 due to loan growth and higher substandard-rated loans, partially offset by paydowns and payoffs of impaired loans and a decline in loss factors. The allowance for loan losses as a percentage of total loans decreased1 basis point to 1.43% as of June 30, 2015 from 1.44% as of December 31, 2014. The decrease in the ratio of allowance for loan losses to total loans is due primarily to the decline in loss factors as well as the net change in the mix of the loan portfolio. See Part I. Item 1. “Notes to Unaudited Consolidated Financial Statements - Note 7: Allowance for Loan Losses” for an analysis of the Company’s allowance for loan losses.

An analysis of the risk in the loan portfolio as well as management judgment is used to determine the estimated appropriate amount of the allowance for loan losses. The Company’s allowance for loan losses is comprised of three primary components (general reserves, allocated reserves on non-impaired special mention and substandard loans, and allocated reserves on impaired loans). In addition, the unallocated portion of the allowance for loan losses, which is not considered a significant component of the overall allowance for loan losses, primarily relates to the inherent imprecision and potential volatility of the allowance for loan losses calculation and the qualitative judgments involved. See Part I. Item 1. “Notes to Unaudited Consolidated Financial Statements - Note 7: Allowance for Loan Losses” and the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 for further information.

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The following table presents a summary of loans charged-off, net of recoveries, by geography for the three and six months ended June 30, 2015 and 2014. The geography assigned to the data is based on the location of the lender’s regional offices.

	Three months ended June 30,					Six months ended June 30,
	2015		2014			2015		2014
	(In thousands)
Net loans (charged-off)/ recovered:
New England	$	106	$	(622	)	$	996	$	(82	)
San Francisco Bay	833		1,959			3,571		2,599
Southern California	49		1,605			346		1,859
Total net loans (charged-off)/ recovered	$	988	$	2,942		$	4,913	$	4,376

Net recoveries of $1.0 million were recorded in the second quarter of 2015, compared to $2.9 million of net recoveries for the same period of 2014. Despite the current year net recoveries on previously charged-off commercial loans (which include construction and land loans, commercial real estate, and commercial and industrial loans), the Company believes that commercial loans represent the greatest risk of loss due to the size and nature of these loans and the related collateral. Local economic and business conditions in the markets where our offices are located have a significant impact on our commercial loan customers and their ability to service their loans. Of the $4.9 million in net recoveries recorded in the first six months of 2015, $2.3 million were on commercial and industrial loans, $1.5 million were on commercial real estate loans, and $1.1 million were on construction and land loans.

Nonperforming assets. The Company’s nonperforming assets include nonaccrual loans and OREO. OREO consists of real estate acquired through foreclosure proceedings and real estate acquired through acceptance of deeds in lieu of foreclosure. As of June 30, 2015, nonperforming assets totaled $30.8 million, or 0.44% of total assets, a decrease of $14.3 million, or 32%, compared to $45.1 million, or 0.66% of total assets, as of December 31, 2014.

The Bank’s policy is to discontinue the accrual of interest on a loan when the collectability of principal or interest in accordance with the contractual terms of the loan agreement is in doubt. Despite the loan’s current payment status, if the Bank has reason to believe it may not collect all principal and interest on the loan in accordance with the related contractual terms, the Bank will generally discontinue the accrual of interest income and will apply any interest payments received to principal. Of the $29.9 million of loans on nonaccrual status as of June 30, 2015, $16.1 million, or 54%, had a current payment status, $0.6 million, or 2%, were 30-89 days past due, and $13.2 million, or 44%, were 90 days or more past due. Of the $44.2 million of nonaccrual loans as of December 31, 2014, $26.5 million, or 60%, had a current payment status, $2.5 million, or 6%, were 30-89 days past due, and $15.2 million, or 34%, were 90 days or more past due.

The Bank continues to evaluate the underlying collateral of each nonperforming loan and pursue the collection of interest and principal. Where appropriate, the Bank obtains updated appraisals on collateral. Reductions in fair values of the collateral for nonaccrual loans, if they are collateral dependent, could result in additional future provision for loan losses depending on the timing and severity of the decline. See Part I. Item 1. “Financial Statements and Supplementary Data—Note 6: Loans Receivable” for further information on nonperforming loans.

The Bank’s policy for returning a loan to accrual status requires the loan to be brought current and for the client to show a history of making timely payments (generally six consecutive months). For nonaccruing TDRs, a return to accrual status generally requires timely payments for a period of six months in accordance with restructured terms, along with meeting other criteria.

Delinquencies. The past due status of a loan is determined in accordance with its contractual repayment terms. All loan types are reported past due when one scheduled payment is due and unpaid for 30 days or more. Loans 30-89 days past due decreased $2.7 million, or 38%, to $4.3 million as of June 30, 2015 from $7.0 million as of December 31, 2014. Loan delinquencies can be attributed to many factors, such as weakness in, or deteriorating, economic conditions in the region the collateral is located, the loss of a tenant or lower lease rates for commercial borrowers, or the loss of income for consumers and the resulting liquidity impacts on the borrowers. Further deterioration in the credit condition of these delinquent loans could lead to the loans going to nonaccrual status and/or being downgraded. Downgrades would generally result in additional provision for loan losses. Past due loans may be included with accruing substandard loans.

In certain instances, although very infrequent, loans that have become 90 days or more past due may remain on accrual status if the value of the collateral securing the loan is sufficient to cover principal and interest and the loan is in the

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process of collection. There were no loans 90 days or more past due, but still accruing, as of June 30, 2015 and December 31, 2014.

Impaired Loans. When management determines that it is probable that the Bank will not collect all principal and interest on a loan in accordance with the original loan terms, the loan is considered impaired. Certain impaired loans may continue to accrue interest based on factors such as the restructuring terms, if any, the historical payment performance, the value of collateral, and the financial condition of the borrower. Impaired commercial loans and impaired constructions loans are typically, in accordance with ASC 310, individually evaluated for impairment. Large groups of smaller-balance homogeneous loans may be collectively evaluated for impairment. Such groups of loans may include, but are not limited to, residential loans, home equity loans, and consumer loans. However, if the terms of any such loans are modified in a trouble debt restructuring, then such loans would be individually evaluated for impairment in the allowance for loan and lease losses.

Loans that are individually evaluated for impairment require an analysis to determine the amount of impairment, if any. For collateral dependent loans, impairment would be indicated as a result of the carrying value of the loan exceeding the estimated collateral value less costs to sell, or, for loans not considered to be collateral dependent, the net present value of the projected cash flow discounted at the loan’s contractual effective interest rate. Generally, when a collateral dependent loan becomes impaired, an updated appraisal of the collateral, if appropriate, is obtained. If the impaired loan has not been upgraded to a performing status within a reasonable amount of time, the Bank will continue to obtain updated appraisals as deemed necessary, especially during periods of declining property values. Normally, shortfalls in the analysis of collateral dependent loans would result in the impairment amount being charged-off to the allowance for loan losses. Shortfalls on cash flow dependent loans may be carried as specific allocations to the general reserve unless a known loss is determined to have occurred, in which case such known loss is charged-off. Based on the impairment analysis, the provision could be higher or lower than the amount of provision associated with a loan prior to it classification as impaired. See Part II. Item 8. “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Critical Accounting Policies” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 for detail on the Company's treatment of impaired loans in the allowance for loan losses.

Impaired loans individually evaluated for impairment in the allowance for loan losses totaled $50.4 million as of June 30, 2015, a decrease of $11.9 million, or 19%, compared to $62.3 million as of December 31, 2014. As of June 30, 2015, $18.4 million of the individually evaluated impaired loans had $2.5 million in specific reserve allocations. The remaining $32.0 million of individually evaluated impaired loans did not have specific reserve allocations due to the adequacy of collateral, prior charge-offs taken, interest collected and applied to principal, or a combination of these items. As of December 31, 2014, $18.9 million of individually evaluated impaired loans had $4.2 million in specific reserve allocations, and the remaining $43.4 million of individually evaluated impaired loans did not have specific reserve allocations.

The Bank may, under certain circumstances, restructure loans as a concession to borrowers who are experiencing financial difficulty. Such loans are classified as TDRs and are included in impaired loans. TDRs typically result from the Bank’s loss mitigation activities which, among other things, could include rate reductions, payment extensions, and/or principal forgiveness. As of June 30, 2015, TDRs totaled $38.8 million, a decrease of $6.0 million, or 13%, compared to $44.8 million as of December 31, 2014. As of June 30, 2015, $25.3 million of the $38.8 million of TDRs were on accrual status. As of December 31, 2014, $24.3 million of the $44.8 million of TDRs were on accrual status.

Potential Problem Loans. Loans that evidence weakness or potential weakness related to repayment history, the borrower’s financial condition, or other factors are reviewed by the Bank’s management to determine if the loan should be adversely classified. Delinquent loans may or may not be adversely classified depending upon management’s judgment with respect to each individual loan. The Bank classifies certain loans as “substandard,” “doubtful,” or “loss” based on criteria consistent with guidelines provided by banking regulators. Potential problem loans consist of accruing substandard loans where known information about possible credit problems of the related borrowers causes management to have doubts as to the ability of such borrowers to comply with the present loan repayment terms and which may result in classification of such loans as nonperforming at some time in the future. Management cannot predict the extent to which economic conditions may worsen or other factors which may impact borrowers and the potential problem loans. Triggering events for loan downgrades include updated appraisal information, inability of borrowers to cover debt service payments, loss of tenants or notification by tenants of non-renewal of leases, inability of borrowers to sell completed construction projects, and the inability of borrowers to sell properties. Accordingly, there can be no assurance that other loans will not become 90 days or more past due, be placed on nonaccrual, be restructured, or require increased allowance coverage and provision for loan losses.

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As of June 30, 2015, the Bank has identified $61.6 million in potential problem loans, an increase of $22.7 million, or 58%, compared to $38.9 million as of December 31, 2014. This increase was primarily due to potential problem commercial real estate loans, which increased $18.6 million, and potential problem construction and land loans, which increased $5.5 million, partially offset by a decrease in the residential loan category. Numerous factors impact the level of potential problem loans including economic conditions and real estate values. These factors affect the borrower’s liquidity and, in some cases, the borrower’s ability to comply with loan covenants such as debt service coverage. When there is a loss of a major tenant in a commercial real estate building, the appraised value of the building generally declines. Loans may be downgraded when this occurs as a result of the additional risk to the borrower in obtaining a new tenant in a timely manner and negotiating a lease with similar or better terms than the previous tenant. In many cases, these loans are still current and paying as agreed, although future performance may be impacted.

The following table presents a rollforward of nonaccrual loans for the three and six months endedJune 30, 2015 and 2014:

	As of and for the three months ended June 30,						As of and for the six months ended June 30,
	2015			2014			2015			2014
	(In thousands)
Nonaccrual loans, beginning of period	$	32,133		$	42,054		$	44,182		$	44,762
Transfers in to nonaccrual status	2,738			8,822			3,928			12,908
Transfers out to OREO	—			—			—			(145		)
Transfers out to accrual status	(2,189		)	(1,793		)	(2,804		)	(4,641		)
Charge-offs	(58		)	(799		)	(112		)	(933		)
Paid off/ paid down	(2,733		)	(6,664		)	(15,303		)	(10,331		)
Nonaccrual loans, end of period	$	29,891		$	41,620		$	29,891		$	41,620

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The following table presents a summary of credit quality by loan type. The loan type assigned to the credit quality data is based on the purpose of the loan.

	June 30, 2015		December 31, 2014
	(In thousands)
Nonaccrual loans:
Commercial and industrial	$	1,605	$	2,129
Commercial real estate	13,336		18,485
Construction and land	3,415		11,422
Residential	9,256		9,713
Home equity and other consumer	2,279		2,433
Total nonaccrual loans	$	29,891	$	44,182
Loans 30-89 days past due and accruing:
Commercial and industrial	$	2,185	$	723
Commercial real estate	1,536		238
Construction and land	—		—
Residential	344		5,791
Home equity and other consumer	274		208
Total loans 30-89 days past due	$	4,339	$	6,960
Accruing substandard loans:
Commercial and industrial	$	8,752	$	7,025
Commercial real estate	37,703		19,072
Construction and land	5,500		—
Residential	7,684		10,253
Home equity and other consumer	1,977		2,510
Total accruing substandard loans	$	61,616	$	38,860

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The following table presents a summary of credit quality by geography, based on the location of the regional offices:

	June 30, 2015		December 31, 2014
	(In thousands)
Nonaccrual loans:
New England	$	17,943	$	26,205
San Francisco Bay	9,163		13,430
Southern California	2,785		4,547
Total nonaccrual loans	$	29,891	$	44,182
Loans 30-89 days past due and accruing:
New England	$	3,873	$	6,572
San Francisco Bay	110		375
Southern California	356		13
Total loans 30-89 days past due	$	4,339	$	6,960
Accruing substandard loans:
New England	$	16,666	$	11,126
San Francisco Bay	20,396		23,403
Southern California	24,554		4,331
Total accruing substandard loans	$	61,616	$	38,860

Liquidity

Liquidity is defined as the Company’s ability to generate adequate cash to meet its needs for day-to-day operations and material long and short-term commitments. Liquidity risk is the risk of potential loss if the Company were unable to meet its funding requirements at a reasonable cost. The Company manages its liquidity based on demand, commitments, specific events and uncertainties to meet current and future financial obligations of a short-term nature. The Company’s objective in managing liquidity is to respond to the needs of depositors and borrowers as well as to earnings enhancement opportunities in a changing marketplace.

At June 30, 2015, the Company’s cash and cash equivalents amounted to $63.1 million. The Holding Company’s cash and cash equivalents amounted to $49.4 million at June 30, 2015. Management believes that the Company and the Holding Company have adequate liquidity to meet their commitments for the foreseeable future.

Management is responsible for establishing and monitoring liquidity targets as well as strategies to meet these targets. At June 30, 2015, consolidated cash and cash equivalents and securities available for sale, less securities pledged against current borrowings and derivatives, amounted to $1.0 billion, or 14% of total assets, compared to $0.9 billion, or 14% of total assets, at December 31, 2014. Future loan growth may depend upon the Company’s ability to grow its core deposit levels. In addition, the Company has access to available borrowings through the FHLB totaling $1.1 billion as of June 30, 2015 compared to $1.2 billion at December 31, 2014. Combined, this liquidity totals $2.0 billion, or 28% of assets and 37% of total deposits, as of June 30, 2015, compared to $2.1 billion, or 31% of assets and 39% of total deposits, at December 31, 2014.

The Bank has various internal policies and guidelines regarding liquidity, both on and off balance sheet, loans to assets ratio, and limits on the use of wholesale funds. These policies and/or guidelines require certain minimum or maximum balances or ratios be maintained at all times. In light of the provisions in the Bank’s internal liquidity policies and guidelines, the Bank will carefully manage the amount and timing of future loan growth along with its relevant liquidity policies and balance sheet guidelines.

Holding Company Liquidity. The Company and some of the Company’s majority-owned affiliates hold put and call options that would require the Company to purchase (and the majority-owned affiliates to sell) the remaining noncontrolling interests in these companies at the then fair value generally as determined by the respective agreements. At June 30, 2015, the estimated maximum redemption value for these affiliates related to outstanding put options was $19.2 million, all of which could be redeemed within the next 12 months, under certain circumstances, and is classified on the consolidated balance sheets as redeemable noncontrolling interests. These put and call options are discussed in detail in Part II. Item 8. “Financial Statements and Supplementary Data - Note 14: Noncontrolling Interests” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

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The Holding Company’s primary sources of funds are dividends from its affiliates and access to the capital and debt markets. The Holding Company recognized $3.6 million in net income from discontinued operations during the six months ended June 30, 2015 related to a revenue sharing agreement with Westfield Capital Management Company, LLC (“Westfield”). Other than the revenue sharing agreement with Westfield, divestitures are not ongoing sources of funds for the Holding Company. Dividends from the Bank are limited by various regulatory requirements relating to capital adequacy and retained earnings. See Part II. Item 5. “Market for Registrant’s Common Equity, Related Stockholders Matters, and Issuers Purchases of Equity Securities” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 for further details.

The Bank pays dividends to the Holding Company, subject to the approval of the Bank’s board of directors, depending on its profitability and asset growth. If regulatory agencies were to require banks to increase their capital ratios, or impose other restrictions, it may limit the ability of the Bank to pay dividends to the Holding Company and/or limit the amount that the Bank could grow.

Although the Bank is currently above current regulatory requirements for capital, the Holding Company could downstream additional capital to increase the rate that the Bank could grow. Depending upon the amount of capital downstreamed by the Holding Company, the approval of the Holding Company’s board of directors may be required prior to the payment, if any.

The Company is required to pay interest quarterly on its junior subordinated debentures. Since 2010, the Company has been a party to an interest rate swap to hedge a portion of the cash flow associated with a junior subordinated debenture which converted from a fixed rate to a floating rate on December 30, 2010. The estimated cash outlay for the remaining six months of 2015 for the interest payments, including the effect of the cash flow hedge, is approximately $1.9 million based on the debt outstanding as of the date of this filing and estimated LIBOR.

The Company is required to pay cash dividends quarterly on its Series D preferred stock, issued in April 2013, at 6.95% per annum. The estimated cash outlay for the remaining six months of 2015 for the Series D preferred stock dividend payments is approximately $1.7 million. Although the rate of interest is set in the terms of the preferred stock, the quarterly preferred stock dividend payments are subject to approval by the Company’s board of directors.

The Company presently plans to pay cash dividends on its common stock on a quarterly basis dependent upon a number of factors such as profitability, Holding Company liquidity, and the Company’s capital levels. However, the ultimate declaration of dividends by the board of directors of the Company will depend on consideration of, among other things, recent financial trends and internal forecasts, regulatory limitations, alternative uses of capital deployment, general economic conditions, and pending regulatory changes to capital requirements. In January 2015, the Company increased its quarterly dividend from $0.08 per share to $0.09 per share. Based on the current dividend rate and estimated shares outstanding, the Company estimates the amount to be paid out in the remaining six months of 2015 for dividends to common shareholders will be approximately $14.7 million. The estimated dividend payments in 2015 could increase or decrease if the Company’s board of directors voted to increase or decrease, respectively, the current dividend rate, and/or the number of shares outstanding changes significantly.

Bank Liquidity. The Bank has established various borrowing arrangements to provide additional sources of liquidity and funding. Management believes that the Bank currently has adequate liquidity available to respond to current demands. The Bank is a member of the FHLB of Boston, and as such, has access to short- and long-term borrowings from that institution. The FHLB can change the advance amounts that banks can utilize based on a bank’s current financial condition as obtained from publicly available data such as FDIC Call Reports. Decreases in the amount of FHLB borrowings available to the Bank would lower its liquidity and possibly limit the Bank’s ability to grow in the short-term. Management believes that the Bank has adequate liquidity to meet its commitments for the foreseeable future.

In addition to the above liquidity, the Bank has access to the Federal Reserve discount window facility, which can provide short-term liquidity as “lender of last resort,” brokered deposits, and federal funds lines. The use of non-core funding sources, including brokered deposits and borrowings, by the Bank may be limited by regulatory agencies. Generally, the regulatory agencies prefer that banks rely on core-funding sources for liquidity.

From time to time, the Bank purchases federal funds from the FHLB and other banking institutions to supplement its liquidity position. At June 30, 2015, the Bank had unused federal fund lines of credit totaling $340.0 million with correspondent institutions to provide it with immediate access to overnight borrowings, compared to $171.0 million at December 31, 2014. At June 30, 2015, the Bank had $100.0 million of outstanding borrowings under these federal fund lines. At December 31, 2014, the Bank had no outstanding borrowings under these federal fund lines. Since the beginning of 2015, the Bank has entered into new relationships at more favorable rates with correspondent institutions to increase its borrowing capacity for federal funds.

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The Bank has also negotiated brokered deposit agreements with several institutions that have nationwide distribution capabilities. At June 30, 2015, the Bank had $474.1 million of brokered deposits (net of premiums paid) outstanding under these agreements, compared to $482.8 million at December 31, 2014.

If the Bank was no longer able to utilize the FHLB for borrowing, collateral currently used for FHLB borrowings could be transferred to other facilities such as the Federal Reserve’s discount window. In addition, the Bank could increase its usage of brokered deposits. Other borrowing arrangements may have higher rates than the FHLB would typically charge.

Capital Resources

Total shareholders’ equity at June 30, 2015 was $728.1 million, compared to $703.9 million at December 31, 2014, an increase of $24.2 million, or 3%. The increase in shareholders’ equity was primarily the result of net income, partially offset by dividends paid.

As a bank holding company, the Company is subject to various regulatory capital requirements administered by federal agencies. Failure to meet minimum capital requirements can result in certain mandatory, and possibly additional discretionary actions by regulators that, if undertaken, could have a material effect on the Company’s financial statements. For example, under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank, which is a wholly-owned subsidiary of the Company, must meet specific capital guidelines that involve quantitative measures of the Bank’s assets and certain off-balance sheet items as calculated under regulatory guidelines. The Bank’s capital and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Similarly, the Company is also subject to capital requirements administered by the Federal Reserve with respect to certain non-banking activities, including adjustments in connection with off-balance sheet items.

To be categorized as “well capitalized,” the Company and the Bank must maintain specified minimum capital ratios. In addition, the Company and the Bank cannot be subject to any written agreement, order or capital directive or prompt corrective action to be considered “well capitalized.” Both the Company and the Bank maintain capital at levels that would be considered “well capitalized” as of June 30, 2015 under the applicable regulations.

As of June 30, 2015, quantitative measures established by regulation to ensure capital adequacy required us to maintain minimum ratios of common equity Tier 1, Tier 1, and total capital (as defined in the regulations) to risk-weighted assets (as defined in the regulations) and of Tier 1 capital (as defined in the regulations) to average assets (as defined in the regulations).

The following table presents the Company’s and the Bank’s amount of regulatory capital and related ratios as of June 30, 2015 and December 31, 2014. Also presented are the minimum requirements established by the Federal Reserve and the FDIC as of those dates for the Company and the Bank, respectively, to meet applicable capital requirements and the requirements of the FDIC as of those dates for the Bank to be considered “well capitalized” under the FDIC’s prompt corrective action provisions. Effective January 1, 2015, revised regulatory rules issued by the Federal banking agencies, including the FDIC and the Federal Reserve, went into effect. The capital amounts and ratios disclosed in the table below are presented in accordance with these new rules from that date forward.

The Federal Reserve, the FDIC, and the Massachusetts Division of Banks may impose higher capital ratios than those listed below based upon the results of regulatory exams. The Bank was categorized as “well capitalized” under the FDIC’s prompt corrective action provisions as of June 30, 2015 and December 31, 2014.

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	Actual				For capital adequacy purposes (at least)				To be well capitalized under prompt corrective action provisions (at least)
	Amount		Ratio		Amount		Ratio		Amount		Ratio
	(In thousands)
As of June 30, 2015
Common equity tier 1 risk-based capital
Company	$	515,546	9.77	%	$	237,551	4.5	%	n/a		n/a
Boston Private Bank	600,699		11.48		235,476		4.5		$	340,132	6.5	%
Tier 1 risk-based capital
Company	649,343		12.30		316,734		6.0		n/a		n/a
Boston Private Bank	600,699		11.48		313,968		6.0		418,623		8.0
Total risk-based capital
Company	734,805		13.92		422,313		8.0		n/a		n/a
Boston Private Bank	666,293		12.73		418,623		8.0		523,279		10.0
Tier 1 leverage capital
Company	649,343		9.62		269,962		4.0		n/a		n/a
Boston Private Bank	600,699		8.99		267,369		4.0		334,212		5.0
As of December 31, 2014
Tier 1 risk-based capital
Company	$	637,968	12.57	%	$	202,959	4.0	%	n/a		n/a
Boston Private Bank	566,444		11.25		201,480		4.0		$	302,220	6.0	%
Total risk-based capital
Company	701,705		13.83		405,918		8.0		n/a		n/a
Boston Private Bank	629,591		12.50		402,960		8.0		503,700		10.0
Tier 1 leverage capital
Company	637,968		9.53		267,651		4.0		n/a		n/a
Boston Private Bank	566,444		8.55		265,077		4.0		331,346		5.0

___________________

n/a = not applicable

Bank regulatory authorities restrict the Bank from lending or advancing funds to, or investing in the securities of, the Company. Further, these authorities restrict the amounts available for the payment of dividends by the Bank to the Company.

As of June 30, 2015, the Company has sponsored the creation of two statutory trusts for the sole purpose of issuing trust preferred securities and investing the proceeds in junior subordinated debentures of the Company. The Company has dissolved three statutory trusts, in August 2013, October 2013, and January 2014, respectively, after the Company repurchased all of the respective trusts’ trust preferred securities.

In accordance with ASC 810-10-55, Consolidation - Overall - Implementation Guidance and Illustrations - Variable Interest Entities, these statutory trusts created by, or assumed by, the Company are not consolidated into the Company’s financial statements; however, the Company reflects the amounts of junior subordinated debentures payable to the preferred stockholders of statutory trusts as debt in its financial statements. As of both June 30, 2015 and December 31, 2014, all $100.0 million of the net balance of these trust preferred securities qualified as Tier 1 capital.

Results of operations for the three and six months ended June 30, 2015 versus June 30, 2014

Net Income. The Company recorded net income from continuing operations for the three and six months ended June 30, 2015 of $17.3 million and $35.2 million, respectively, compared to $20.9 million and $37.3 million for the same respective periods in 2014. Net income attributable to the Company, which includes income from both continuing and discontinued operations, for the three and six months ended June 30, 2015 was $17.6 million and $36.4 million, respectively, compared to $21.3 million and $38.4 million for the same respective periods in 2014.

57

The Company recognized diluted EPS from continuing operations for the three and six months ended June 30, 2015 of $0.18 per share and $0.37 per share, respectively, compared to $0.23 per share and $0.41 per share, respectively, for the same periods in 2014. Diluted EPS attributable to common shareholders, which includes both continuing and discontinued operations, for the three and six months ended June 30, 2015 was $0.20 per share and $0.41 per share, respectively, compared to $0.25 per share and $0.45 per share, respectively, for the same periods in 2014.

Net income from continuing operations in both 2015 and 2014 was offset by charges that reduce income available to common shareholders. See Part I. Item 1. “Notes to Unaudited Consolidated Financial Statements - Note 2: Earnings Per Share” for further detail on these charges to income available to common shareholders.

The following discussions are based on the Company’s continuing operations, unless otherwise stated.

The following table presents selected financial highlights:

	Three months ended June 30,					% Change		Six months ended June 30,						% Change
	2015		2014					2015			2014
	(In thousands)
Net interest income	$	45,085	$	46,268		(3	)%	$	91,157		$	90,790		—	%
Fees and other income	42,660		34,374			24	%	84,005			67,107			25	%
Total revenue	87,745		80,642			9	%	175,162			157,897			11	%
Provision/ (credit) for loan losses	—		(5,000		)	nm		(2,500		)	(6,200		)	(60	)%
Operating expense	62,418		54,402			15	%	125,845			109,370			15	%
Income tax expense	8,000		10,333			(23	)%	16,572			17,471			(5	)%
Net income from continuing operations	17,327		20,907			(17	)%	35,245			37,256			(5	)%
Net income from discontinued operations	1,546		1,450			7	%	3,640			3,378			8	%
Less: Net income attributable to noncontrolling interests	1,263		1,025			23	%	2,492			2,261			10	%
Net income attributable to the Company	$	17,610	$	21,332		(17	)%	$	36,393		$	38,373		(5	)%

_____________

nm    not meaningful

58

Net interest income. Net interest income represents the difference between interest earned, primarily on loans and investments, and interest paid on funding sources, primarily deposits and borrowings. Interest rate spread is the difference between the average rate earned on total interest-earning assets and the average rate paid on total interest-bearing liabilities. Net Interest Margin (“NIM”) is the amount of net interest income, on a fully taxable-equivalent (“FTE”) basis, expressed as a percentage of average interest-earning assets. The average rate earned on earning assets is the amount of annualized taxable equivalent interest income expressed as a percentage of average earning assets. The average rate paid on interest-bearing liabilities is equal to annualized interest expense as a percentage of average interest-bearing liabilities. When credit quality declines and loans are placed on nonaccrual status, NIM can decrease because the same assets are earning less income. Loans graded as substandard but still accruing interest income totaled $61.6 million at June 30, 2015 and could be placed on nonaccrual status if their credit quality declines further.

Net interest income for the three months ended June 30, 2015 was $45.1 million, a decrease of $1.2 million, or 3%, compared to the same period in 2014. For the six months ended June 30, 2015, net interest income was $91.2 million, which was flat compared to the same period in 2014. The decrease for the three months ended June 30, 2015 is due to higher interest recovered on previous nonaccrual loans in the second quarter of 2014 than in the same period of 2015, higher volume and rates paid on the Company's deposits, higher volume of borrowings, and lower yields on loans, partially offset by higher volume and yields on cash and investments, higher volume on loans, and lower rates paid on borrowings. For the six months ended June 30, 2015, increases in the volume and yields of cash and investments, increases in the volume of loans, and decreases in rates paid on borrowings were offset by increases in volume of deposits and decreases in yields on loans due to higher interest recovered on previous nonaccrual loans in the first six months of 2014 than in the same period of 2015. The NIM was 2.90% for the three months ended June 30, 2015, a decrease of 24 basis points compared to the same period in 2014. For the six months ended June 30, 2015, the NIM was 2.95%, a decrease of 14 basis points compared to the same period in 2014.

The following tables present the composition of the Company’s NIM on a FTE basis for the three and six months endedJune 30, 2015 and 2014; however, the discussion following these tables reflects non-FTE data.

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	Average Balance				Interest Income/Expense				Average Yield/Rate
	As of and for the three months ended June 30,
AVERAGE BALANCE SHEET:	2015		2014		2015		2014		2015		2014
AVERAGE ASSETS	(In thousands)
Interest-Earning Assets:
Cash and Investments: (1)
Taxable investment securities	$	342,259	$	262,253	$	1,075	$	730	1.26	%	1.12	%
Non-taxable investment securities (2)	242,387		224,634		1,731		1,406		2.86	%	2.50	%
Mortgage-backed securities	538,688		332,928		2,775		1,689		2.06	%	2.03	%
Federal funds sold and other	90,616		187,722		282		253		1.23	%	0.62	%
Total Cash and Investments	1,213,950		1,007,537		5,863		4,078		1.93	%	1.64	%
Loans: (3)
Commercial and Construction (2)	2,874,547		2,856,603		30,013		33,397		4.13	%	4.62	%
Residential	2,160,987		2,039,146		16,637		15,984		3.08	%	3.14	%
Home Equity and Other Consumer	290,029		242,988		2,038		1,744		2.82	%	2.88	%
Total Loans	5,325,563		5,138,737		48,688		51,125		3.63	%	3.95	%
Total Earning Assets	6,539,513		6,146,274		54,551		55,203		3.32	%	3.57	%
Less: Allowance for Loan Losses	77,938		79,071
Cash and due from Banks (non-interest bearing)	41,596		32,016
Other Assets	410,296		366,833
TOTAL AVERAGE ASSETS	$	6,913,467	$	6,466,052
AVERAGE LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND SHAREHOLDERS’ EQUITY
Interest-Bearing Liabilities:
Interest-Bearing Deposits:
Savings and NOW	$	589,123	$	601,104	$	87	$	111	0.06	%	0.07	%
Money Market	2,754,817		2,509,400		2,551		1,994		0.37	%	0.32	%
Certificates of Deposits	597,617		615,325		1,184		1,270		0.79	%	0.83	%
Total Interest-Bearing Deposits	3,941,557		3,725,829		3,822		3,375		0.39	%	0.36	%
Junior Subordinated Debentures	106,363		106,363		967		965		3.60	%	3.59	%
FHLB Borrowings and Other	576,403		527,418		2,046		2,374		1.40	%	1.78	%
Total Interest-Bearing Liabilities	4,624,323		4,359,610		6,835		6,714		0.59	%	0.61	%
Noninterest Bearing Demand Deposits	1,443,228		1,334,791
Payables and Other Liabilities	97,641		93,539
Total Average Liabilities	6,165,192		5,787,940
Redeemable Noncontrolling Interests	22,760		23,850
Average Shareholders’ Equity	725,515		654,262
TOTAL AVERAGE LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND SHAREHOLDERS’ EQUITY	$	6,913,467	$	6,466,052
Net Interest Income - on a FTE Basis					$	47,716	$	48,489
FTE Adjustment (2)					2,631		2,221
Net Interest Income (GAAP Basis)					$	45,085	$	46,268
Interest Rate Spread									2.73	%	2.96	%
Net Interest Margin									2.90	%	3.14	%

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	Average Balance				Interest Income/Expense				Average Yield/Rate
	As of and for the six months ended June 30,
AVERAGE BALANCE SHEET:	2015		2014		2015		2014		2015		2014
AVERAGE ASSETS	(In thousands)
Interest-Earning Assets:
Cash and Investments: (1)
Taxable investment securities	$	331,565	$	258,470	$	2,070	$	1,366	1.25	%	1.06	%
Non-taxable investment securities (2)	236,352		224,346		3,301		2,797		2.79	%	2.49	%
Mortgage-backed securities	527,423		336,982		5,389		3,625		2.04	%	2.15	%
Federal funds sold and other	118,749		195,632		516		599		0.93	%	0.62	%
Total Cash and Investments	1,214,089		1,015,430		11,276		8,387		1.87	%	1.66	%
Loans: (3)
Commercial and Construction (2)	2,863,237		2,845,103		61,379		64,317		4.26	%	4.50	%
Residential	2,150,813		2,037,200		33,292		32,154		3.10	%	3.16	%
Home Equity and Other Consumer	284,031		244,285		3,992		3,549		2.83	%	2.93	%
Total Loans	5,298,081		5,126,588		98,663		100,020		3.71	%	3.89	%
Total Earning Assets	6,512,170		6,142,018		109,939		108,407		3.37	%	3.52	%
Less: Allowance for Loan Losses	77,491		78,155
Cash and due from Banks (non-interest bearing)	39,894		36,835
Other Assets	411,724		367,856
TOTAL AVERAGE ASSETS	$	6,886,297	$	6,468,554
AVERAGE LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND SHAREHOLDERS’ EQUITY
Interest-Bearing Liabilities:
Interest-Bearing Deposits:
Savings and NOW	$	594,380	$	573,691	$	191	$	209	0.06	%	0.07	%
Money Market	2,783,569		2,499,981		5,146		3,839		0.37	%	0.31	%
Certificates of Deposits	600,992		619,884		2,377		2,543		0.80	%	0.83	%
Total Interest-Bearing Deposits	3,978,941		3,693,556		7,714		6,591		0.39	%	0.36	%
Junior Subordinated Debentures	106,363		106,363		1,923		1,920		3.60	%	3.59	%
FHLB Borrowings and Other	523,691		517,198		3,990		4,717		1.52	%	1.81	%
Total Interest-Bearing Liabilities	4,608,995		4,317,117		13,627		13,228		0.59	%	0.61	%
Noninterest Bearing Demand Deposits	1,434,460		1,380,285
Payables and Other Liabilities	100,529		100,221
Total Average Liabilities	6,143,984		5,797,623
Redeemable Noncontrolling Interests	22,205		23,285
Average Shareholders’ Equity	720,108		647,646
TOTAL AVERAGE LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND SHAREHOLDERS’ EQUITY	$	6,886,297	$	6,468,554
Net Interest Income - on a FTE Basis					$	96,312	$	95,179
FTE Adjustment (2)					5,155		4,389
Net Interest Income (GAAP Basis)					$	91,157	$	90,790
Interest Rate Spread									2.78	%	2.91	%
Net Interest Margin									2.95	%	3.09	%

________________________

(1) Investments classified as available for sale are shown in the average balance sheet at amortized cost.

(2) Interest income on non-taxable investments and loans is presented on a FTE basis using statutory rates. The discussion following these tables reflects non-FTE data.

(3) Includes loans held for sale and nonaccrual loans.

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Interest and Dividend Income. Interest and dividend income for the three months ended June 30, 2015was $51.9 million, a decrease of $1.1 million, or 2%, compared to the same period in 2014. Interest and dividend income for the six months ended June 30, 2015 was $104.8 million, an increase of $0.8 million, or 1%, compared to the same period in 2014. The decrease for the three months was primarily due to lower amounts of interest recovered on previous nonaccrual loans in the second quarter 2015 compared to the same period last year and lower yields on loans, partially offset by higher volume and yields on cash and investments, and higher volume of loans. The increase for the six months was primarily due to higher volume and yields on cash and investments and higher volume of loans, partially offset by lower amounts of interest recovered on previous nonaccrual loans in the six months ended June 30, 2015 and lower yields on loans.

The Bank generally has interest income that is either recovered or reversed related to nonaccrual loans each quarter. Based on the net amount recovered or reversed, the impact on interest income and related yields can be either positive or negative. In addition, the Bank collects prepayment penalties on certain commercial loans that pay off prior to maturity which could also impact interest income and related yields positively. The amount and timing of prepayment penalties varies from quarter to quarter.

Interest income on commercial loans (including construction loans), on a non-FTE basis, for the three months ended June 30, 2015was $28.0 million, a decrease of $3.7 million, or 12%, compared to the same period in 2014, as a result of a 54 basis point decrease in the average yield, partially offset by a 1% increase in the average balance. For the six months ended June 30, 2015, commercial interest income was $57.4 million, a decrease of $3.5 million, or 6%, compared to the same period in 2014, as a result of an 18 basis point decrease in the average yield, partially offset by a 1% increase in the average balance. The increase in the average balance for the three and six month periods is related to the organic growth of the commercial loan portfolio at the Bank, as discussed above in “Loan Portfolio and Credit Quality.” The decrease in the average yield for the three and six month periods is the result of market conditions leading to lower rates due to competition for higher quality loans as well as the timing and volume of interest recoveries on previous nonaccrual loans.

Interest income on residential mortgage loans for the three months ended June 30, 2015 was $16.6 million, an increase of $0.7 million, or 4%, compared to the same period in 2014, as a result of a 6% increase in the average balance, partially offset by a six basis point decrease in the average yield. For the six months ended June 30, 2015, residential mortgage interest income was $33.3 million, an increase of $1.1 million, or 4%, compared to the same period in 2014, as a result of a 6% increase in the average balance, partially offset by a six basis point decrease in the average yield. The increase in the average balances for the three and six month periods was due to the organic growth of the residential loan portfolio at the Bank. The decrease in the average yield for the three and six month periods was primarily due to adjustable rate mortgage (“ARM”) loans repricing to lower rates, clients refinancing into lower rates and new loan originations at historically low rates.

Interest income on home equity and other consumer loans for the three months ended June 30, 2015 was $2.0 million, an increase of $0.3 million, or 17%, compared to the same period in 2014, as a result of a 19% increase in the average balance, partially offset by a six basis point decrease in the average yield. For the six months ended June 30, 2015, home equity and other consumer interest income was $4.0 million, an increase of $0.4 million, or 12%, compared to the same period in 2014, as a result of a 16% increase in the average balance, partially offset by a ten basis point decrease in the average yield. The increase in average balances for the three and six month periods reflects client demand. The decrease in average yields for the three and six month periods is primarily due to lower market rates on consumer loans.

Investment income, on a non-FTE basis, for the three months ended June 30, 2015 was $5.3 million, an increase of $1.7 million, or 47%, compared to the same period in 2014, as a result of a 31 basis point increase in the average yield and a 20% increase in the average balance. For the six months ended June 30, 2015, investment income was $10.1 million, an increase of $2.7 million, or 37%, compared to the same period in 2014, as a result of a 20% increase in the average balance and a 28 basis point increase in the average yield. The increase in the average balances for the three and six month periods is primarily due to timing and volume of deposit balances as compared to the level of loans outstanding. Investment decisions are made based on anticipated liquidity, loan demand, and asset-liability management considerations.

Interest expense. Interest expense on deposits and borrowings for the three months ended June 30, 2015 was $6.8 million, an increase of $0.1 million, or 2%, compared to the same period in 2014. For the six months ended June 30, 2015, interest expense on deposits and borrowings was $13.6 million, an increase of $0.4 million, or 3%, compared to the same period in 2014.

Interest expense on interest-bearing deposits for the three months ended June 30, 2015 was $3.8 million, an increase of $0.4 million, or 13%, compared to the same period in 2014, as a result of a 6% increase in the average balance and a three basis point increase in the average rate paid. For the six months ended June 30, 2015, interest expense on deposits was $7.7 million, an increase of $1.1 million, or 17%, compared to the same period in 2014, as a result of an 8% increase in the average balance and a three basis point increase in the average rate paid.

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Interest paid on borrowings for the three months ended June 30, 2015 was $3.0 million, a decrease of $0.3 million, or 10%, compared to the same period in 2014, as a result of a 38 basis point decrease in the average rate paid, partially offset by a 9% increase in the average balance of FHLB borrowings and other. For the six months ended June 30, 2015, interest paid on borrowings was $5.9 million, a decrease of $0.7 million, or 11%, compared to the same period in 2014, as a result of a 29 basis point decrease in the average rate paid on FHLB borrowings and other, partially offset by a 1% increase in the average balance of FHLB borrowings and other. The decrease for the three and six month periods in the average rate paid is primarily due to the higher-rate FHLB borrowings maturing or being repaid.

Provision/ (credit) for loan losses. The Company did not record a provision/ (credit) for loan losses for the three months ended June 30, 2015, compared to a credit of $5.0 million for the same period in 2014. For the six months ended June 30, 2015, the provision/ (credit) for loan losses was a credit of $2.5 million, compared to a credit of $6.2 million for the same period in 2014. No provision or credit was required for the three months ended June 30, 2015 as changes in loss factors, net recoveries and payoffs of classified loans were offset by loan growth and loan downgrades. The $5.0 million provision credit for three months ended June 30, 2014 was the result of net recoveries, the sale of commercial loans from the portfolio, and continuing credit quality improvement.

The provision/ (credit) for loan losses is determined as a result of the required level of the allowance for loan losses, estimated by management, which reflects the inherent risk of loss in the loan portfolio as of the balance sheet dates. The factors used by management to determine the level of the allowance for loan losses include the trends in problem loans, economic and business conditions, strength of management, real estate collateral values, and underwriting standards. For further details, see “Loan Portfolio and Credit Quality” above.

Fees and other income. Fees and other income for the three months ended June 30, 2015 was $42.7 million, an increase of $8.3 million, or 24%, compared to the same period in 2014. For the six months ended June 30, 2015, fees and other income was $84.0 million, an increase of $16.9 million, or 25%, compared to the same period in 2014. Factors affecting the increases in the three and six month periods are the acquisition of Banyan, higher wealth advisory fees, and increases in other income, partially offset by decreases in gain on sale of loans.

Wealth advisory fee income for the three months ended June 30, 2015 was $12.7 million, an increase of $0.7 million, or 6%, compared to the same period in 2014. For the six months ended June 30, 2015, wealth advisory fee income was $25.4 million, an increase of $1.9 million, or 8%, compared to the same period in 2014. AUM managed or advised by the Wealth Advisors was $9.9 billion at June 30, 2015, an increase of $0.2 billion, or 2%, compared to June 30, 2014. The increase is due to market appreciation of $0.1 billion and flat net flows.

Wealth management and trust fee income for the three months ended June 30, 2015 was $13.5 million, an increase of $6.5 million, or 92%, compared to the same period in 2014. For the six months ended June 30, 2015, wealth management and trust fee income was $27.1 million, an increase of $13.1 million, or 94%, compared to the same period in 2014. AUM as of June 30, 2015 managed or advised by BP Wealth was $9.0 billion, an increase of $4.3 billion, or 91%, compared to June 30, 2014. The increase is due to the acquisition of Banyan, which added $4.3 billion of AUM in the fourth quarter of 2014 and market appreciation of $0.3 billion, partially offset by net outflows of $0.3 billion.

Gain on sale of loans for the three months ended June 30, 2015 was $0.4 million, a decrease of $1.3 million, or 79% compared to the same period in 2014. For the six months ended June 30, 2015, gain on sale of loans was $0.7 million, a decrease of $1.1 million, or 63%, compared to the same period in 2014. Gain on sale of loans in 2014 represents gains on sale of loans originated for sale as well as the second quarter 2014 sale of $57.0 million of loans from the Company’s commercial portfolio which resulted in a $1.6 million gain on sale. Loans originated for sale have been negatively impacted in 2014 and 2015 by the significant decline in volume of residential loan refinancing.

Other income for the three months ended June 30, 2015 was $2.3 million, an increase of $2.1 million compared to the same period in 2014. For the six months ended June 30, 2015, other income was $3.4 million, an increase of $2.9 million compared to the same period in 2014. The second quarter of 2015 included $1.1 million related to the market value adjustment for the Banyan earnout and $0.9 million in gains on partnership investments, while the first six months of 2015 included a $1.5 million market value adjustment for the Banyan earnout and $1.5 million in gains on partnership investments, as compared to the three and six months ended June 30, 2014 where there was no earnout adjustment and $0.2 million and $0.4 million, respectively, in gains on partnership investments.

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Operating Expense. Operating expense for the three months ended June 30, 2015 was $62.4 million, an increase of $8.0 million, or 15%, compared to the same period in 2014. For the six months ended June 30, 2015, operating expense was $125.8 million, an increase of $16.5 million, or 15%, compared to the same period in 2014. The increase for the three and six months ended June 30, 2015 is primarily due to the acquisition of Banyan. Increases in salaries and employee benefits, occupancy and equipment, amortization of intangibles, and other expense were partially offset by a decrease in marketing and business development.

Salaries and employee benefits expense, the largest component of operating expense, for the three months ended June 30, 2015 was $39.8 million, an increase of $5.5 million, or 16%, compared to the same period in 2014. For the six months ended June 30, 2015, salaries and employee benefits was $81.9 million, an increase of $11.0 million, or 16%, compared to the same period in 2014. The three and six month increases are primarily due to the acquisition of Banyan, along with higher fixed compensation, partially offset by lower variable compensation costs and post-employment benefits.

Occupancy and equipment expense for the three months ended June 30, 2015 was $9.1 million, an increase of $1.7 million, or 24%, compared to the same period in 2014. For the six months ended June 30, 2015, occupancy and equipment was $18.1 million, an increase of $3.0 million, or 20%, compared to the same period in 2014. The three and six month increases are primarily due to the acquisition of Banyan as well as higher occupancy expense in the Wealth Advisory segment.

Marketing and business development expense for the three months ended June 30, 2015 was $1.7 million, a decrease of $1.0 million, or 38%, compared to the same period in 2014. For the six months ended June 30, 2015, marketing and business development was $3.1 million, a decrease of $1.1 million, or 27%, compared to the same period in 2014. The three and six month decreases are primarily related to the timing of marketing programs at the Private Banking and Wealth Management and Trust segments.

Amortization of intangibles for the three months ended June 30, 2015 was $1.7 million, an increase of $0.6 million, or 58%, compared to the same period in 2014. For the six months ended June 30, 2015, amortization of intangibles was $3.3 million, an increase of $1.2 million, or 55%, compared to the same period in 2014. The three and six month increases are due to the intangible assets acquired in the Banyan acquisition.

Other expense for the three months ended June 30, 2015 was $4.3 million, an increase of $1.1 million, or 37%, compared to the same period in 2014. For the six months ended June 30, 2015, other expense was $8.1 million, an increase of $2.0 million, or 34%, compared to the same period in 2014. The three and six month increases are primarily due to increased insurance expenses, problem loan expenses, and employee travel.

Income Tax Expense. Income tax expense for continuing operations for the three and six months endedJune 30, 2015 was $8.0 million and $16.6 million, respectively. The effective tax rate for continuing operations for the six months ended June 30, 2015 was 32.0%, compared to an effective tax rate of 31.9% for the same period in 2014. See Part I. Item 1. “Notes to Unaudited Consolidated Financial Statements - Note 9: Income Taxes” for further detail.

Recent Accounting Pronouncements

In January 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2014-04, Receivables - Troubled Debt Restructuring by Creditors (Subtopic 310-40) - Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The amendments to this update are intended to clarify when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and the real estate recognized. The new guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2014 and interim periods within annual periods beginning after December 15, 2015. The Company does not expect this ASU to have a material effect on its consolidated financial statements.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), amending the ASC and creating a new Topic 606, Revenue from Contracts with Customers. This issuance was part of the joint project between the FASB and the International Accounting Standards Board to clarify the principles of recognizing revenue and to develop a common revenue standard for GAAP and International Financial Reporting Standards. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is not permitted. The impact of ASU 2014-09 on the Company’s consolidated financial statements is not yet known. Additionally, a proposed ASU was circulated in April 2015 which, if issued, would defer adoption to annual reporting periods beginning after December 15, 2017.

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Item 3.     Quantitative and Qualitative Disclosures about Market Risk

There have been no material changes in the Interest Rate Sensitivity and Market Risk as described in Part II. Item 7A. “Quantitative and Qualitative Disclosures About Market Risk – Interest Rate Sensitivity and Market Risk” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

Item 4.     Controls and Procedures

(a) Evaluation of disclosure controls and procedures.

As required by Rule 13a-15 under the Exchange Act, the Company has evaluated, with the participation of management, including the Chief Executive Officer and Chief Financial Officer, as of the end of the period covered by this report, the effectiveness of the design and operation of its disclosure controls and procedures. In designing and evaluating the Company’s disclosure controls and procedures, the Company and its management recognize that any controls and procedures, no matter how well designed and operated, can provide only a reasonable assurance of achieving the desired control objectives, and management necessarily was required to apply its judgment in evaluating and implementing possible controls and procedures.

The Company acquired Banyan Partners, LLC in October 2014 and it is now part of the newly-created Boston Private Wealth, LLC. Banyan Partners, LLC's internal control over financial reporting has been excluded from the Company's assessment of the effectiveness of the Company's internal control over financial reporting as of June 30, 2015. The Wealth Management and Trust segment, which includes the operations of both Boston Private Wealth, LLC and Boston Private Bank's existing trust business, had total assets of $78.5 million at June 30, 2015 and total revenues of $14.6 million and $28.6 million for the three and six months ended June 30, 2015, respectively. These are included in the consolidated financial statements of the Company.

Based on such evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that such disclosure controls and procedures were effective as of June 30, 2015 in ensuring that material information required to be disclosed by the Company, including its consolidated subsidiaries, was made known to the certifying officers by others within the Company and its consolidated subsidiaries in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC rules and forms. On a quarterly basis, the Company evaluates the disclosure controls and procedures, and may from time to time make changes aimed at enhancing their effectiveness and to ensure that the Company’s systems evolve with its business.

(b) Change in internal controls over financial reporting.

There have been no changes in the Company’s internal controls over financial reporting that occurred during the quarter ended June 30, 2015, that have materially affected, or are reasonably likely to materially affect, the Company’s internal controls over financial reporting.

65

PART II. Other Information

Item 1.     Legal Proceedings

The Company is involved in various legal proceedings. In the opinion of management, final disposition of these proceedings will not have a material adverse effect on the financial condition or results of operations of the Company.

Item 1A.     Risk Factors

Before deciding to invest in us or deciding to maintain or increase your investment, you should carefully consider the risks described in Part I. Item 1A. “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2014 as filed with the SEC. There have been no material changes to these risk factors since the filing of that report.

Item 2.     Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3.     Defaults Upon Senior Securities

None.

Item 4.     Mine Safety Disclosures

Not applicable.

Item 5.     Other Information

None.

Item 6.     Exhibits

(a) Exhibits

Exhibit No.	Description	Incorporated by Reference			Filed or Furnished with this 10-Q
		Form	SEC Filing Date	Exhibit Number
10.1	Amended and Restated Employment Agreement by and among Boston Private Wealth LLC (formerly named BP Wealth Management LLC), Boston Private Bank & Trust Company and Peter J. Raimondi	8-K	6/10/2015	10.1
31.1	Certification of Chief Executive Officer pursuant to Rule 13a - 14(a)/15d - 14(a) under the Securities Exchange Act of 1934				Filed
31.2	Certification of Chief Financial Officer pursuant to Rule 13a - 14(a)/15d - 14(a) under the Securities Exchange Act of 1934				Filed
32.1	Certification of the Chief Executive Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002				Furnished
32.2	Certification of the Chief Financial Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002				Furnished
101.INS	XBRL Instance Document				Filed
101.SCH	XBRL Taxonomy Extension Schema Document				Filed
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document				Filed
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document				Filed
101.LAB	XBRL Taxonomy Extension Label Linkbase Document				Filed
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document				Filed

66

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	BOSTON PRIVATE FINANCIAL HOLDINGS, INC.
	/s/ CLAYTON G. DEUTSCH
August 5, 2015	Clayton G. Deutsch
	Chief Executive Officer
	/s/ DAVID J. KAYE
August 5, 2015	David J. Kaye
	Executive Vice President, Chief Financial and Administrative Officer

67

EX-31.1

Exhibit 31.1

CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER

I, Clayton G. Deutsch, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Boston Private Financial Holdings, Inc. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

	/s/    CLAYTON G. DEUTSCH
Date: August 5, 2015	Clayton G. Deutsch Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION OF THE CHIEF FINANCIAL OFFICER

I, David J. Kaye, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Boston Private Financial Holdings, Inc. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

	/s/    DAVID J. KAYE
Date: August 5, 2015	David J. Kaye Chief Financial and Administrative Officer

EX-32.1

Exhibit 32.1*

CERTIFICATION PURSUANT TO

18 U.S.C. § 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

The undersigned Chief Executive Officer of Boston Private Financial Holdings, Inc. (the “Company”) hereby certifies that the Company's Quarterly Report on Form 10-Q for the quarter endedJune 30, 2015 (the “Report”), as filed with the Securities and Exchange Commission on the date hereof, fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, as amended, and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

	/s/    CLAYTON G. DEUTSCH
	Clayton G. Deutsch Chief Executive Officer
Date: August 5, 2015

*     This certification shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section, nor shall it be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934.

EX-32.2

Exhibit 32.2*

CERTIFICATION PURSUANT TO

18 U.S.C. § 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

The undersigned Chief Financial Officer of Boston Private Financial Holdings, Inc. (the “Company”) hereby certifies that the Company's Quarterly Report on Form 10-Q for the quarter endedJune 30, 2015 (the “Report”), as filed with the Securities and Exchange Commission on the date hereof, fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, as amended, and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

	/s/    DAVID J. KAYE
	David J. Kaye Chief Financial and Administrative Officer
Date: August 5, 2015

*     This certification shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section, nor shall it be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934.

XML

Investments Maturities of AFS Securities (Details) - Major Types of Debt and Equity Securities [Domain] - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis	$ 78,917
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis	379,714
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis	73,365
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis	460,122
Investment securities available for sale at amortized cost	992,118	$ 826,858
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value	79,375
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value	382,006
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value	74,133
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value	456,493
Available-for-sale Securities	$ 992,007	$ 829,993

XML

Loan Portfolio and Credit Quality Loan footnote text disclosures (Details) - Class of Financing Receivable [Domain] - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Deferred Income	$ (5,600)	$ (5,400)
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	0	0
Financing Receivable, Modifications, Recorded Investment	38,800	44,800
Accruing Troubled Debt Restructured Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 25,300	$ 24,300

XML

Loan Portfolio and Credit Quality Loans by Portfolio Segment (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 5,463,250	$ 5,269,936
Commercial and industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,002,412	953,085
Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,827,415	1,788,403
Construction and land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	160,926	125,349
Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	2,175,508	2,132,095
Home equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	120,465	114,859
Consumer and other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 176,524	$ 156,145

XML

Restructuring (Details) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	$ 14,900
Restructuring Reserve	389	$ 250	$ 0	$ 0	$ 739	$ 33
Restructuring and Related Cost, Incurred Cost	220	0	0	0
Restructuring Reserve, Settled with Cash	(81)	(489)	0	(33)
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	389	250	0	0	739	$ 33
Restructuring and Related Cost, Incurred Cost	220	0	0	0
Restructuring Reserve, Settled with Cash	(81)	$ (489)	$ 0	$ (33)
Wealth Management and Trust Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	900
Private Banking Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	9,500
Holding Company and Eliminations Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	4,500
Senior Executive Restructuring Plan 2012 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	0
Restructuring and Related Cost, Cost Incurred to Date							$ 4,800
Banyan Acquisition and WMT Management Restructuring Plan [Member] | Wealth Management and Trust Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	300
Restructuring and Related Cost, Incurred Cost	$ 200				$ 700

XML

Allowance for Loan Losses Allowance Rollforward (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period	$ 77,263	$ 76,605	$ 75,838	$ 76,371
Provision/ (credit) for loan losses	0	(5,000)	(2,500)	(6,200)
Financing Receivable, Allowance for Credit Losses, Charge-offs	(58)	(799)	(112)	(944)
Financing Receivable, Allowance for Credit Losses, Recoveries	1,046	3,741	5,025	5,320
Loans and Leases Receivable, Allowance at End of Period	78,251	74,547	78,251	74,547
Commercial and industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period	14,337	12,200	14,114	12,837
Provision/ (credit) for loan losses	204	357	(1,777)	(570)
Financing Receivable, Allowance for Credit Losses, Charge-offs	(3)	(285)	(3)	(334)
Financing Receivable, Allowance for Credit Losses, Recoveries	83	869	2,287	1,208
Loans and Leases Receivable, Allowance at End of Period	14,621	13,141	14,621	13,141
Commercial real estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period	43,552	46,366	43,854	44,979
Provision/ (credit) for loan losses	(333)	(4,323)	(1,266)	(3,266)
Financing Receivable, Allowance for Credit Losses, Charge-offs	0	(500)	0	(500)
Financing Receivable, Allowance for Credit Losses, Recoveries	914	2,543	1,545	2,873
Loans and Leases Receivable, Allowance at End of Period	44,133	44,086	44,133	44,086
Construction and land [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period	5,411	4,972	4,041	4,465
Provision/ (credit) for loan losses	7	(654)	234	(298)
Financing Receivable, Allowance for Credit Losses, Charge-offs	0	0	0	0
Financing Receivable, Allowance for Credit Losses, Recoveries	0	262	1,143	413
Loans and Leases Receivable, Allowance at End of Period	5,418	4,580	5,418	4,580
Residential [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period	10,397	9,746	10,374	10,732
Provision/ (credit) for loan losses	(52)	(229)	20	(1,677)
Financing Receivable, Allowance for Credit Losses, Charge-offs	0	0	(49)	(88)
Financing Receivable, Allowance for Credit Losses, Recoveries	49	52	49	602
Loans and Leases Receivable, Allowance at End of Period	10,394	9,569	10,394	9,569
Home equity [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period	1,016	963	1,003	1,020
Provision/ (credit) for loan losses	8	14	21	(43)
Financing Receivable, Allowance for Credit Losses, Charge-offs	0	0	0	0
Financing Receivable, Allowance for Credit Losses, Recoveries	0	15	0	15
Loans and Leases Receivable, Allowance at End of Period	1,024	992	1,024	992
Consumer and other [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period	508	330	382	322
Provision/ (credit) for loan losses	75	(59)	205	(252)
Financing Receivable, Allowance for Credit Losses, Charge-offs	(55)	(14)	(60)	(22)
Financing Receivable, Allowance for Credit Losses, Recoveries	0	0	1	209
Loans and Leases Receivable, Allowance at End of Period	528	257	528	257
Unallocated Financing Receivables [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period	2,042	2,028	2,070	2,016
Provision/ (credit) for loan losses	91	(106)	63	(94)
Loans and Leases Receivable, Allowance at End of Period	$ 2,133	$ 1,922	$ 2,133	$ 1,922

XML

Fair Value Measurements Quantitiative Information about Level 3 Non-Recurring Assets (Details) - Fair Value, Measurements, Fair Value Hierarchy [Domain] - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015		Jun. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Loans Receivable, Fair Value Disclosure	$ 1,448	[1]	$ 4,052	[2]
Loans Receivable [Member] | Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value Inputs, Discount Rate	12.00%		9.00%
Fair Value Inputs, Comparability Adjustments	7.00%		13.00%
Loans Receivable [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value Inputs, Discount Rate	11.00%		8.00%
Fair Value Inputs, Comparability Adjustments	13.00%		10.00%
Loans Receivable [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value Inputs, Discount Rate	11.00%		12.00%
Fair Value Inputs, Comparability Adjustments	13.00%		25.00%

[1] Collateral-dependent impaired loans held at June 30, 2015 that had write-downs in fair value or whose specific reserve changed during the first six months of 2015.

[2] Collateral-dependent impaired loans held at June 30, 2014 that had write-downs in fair value or whose specific reserve changed during the first six months of 2014.

XML

Earnings Per Share Basic Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income from continuing operations		$ 17,327	$ 20,907	$ 35,245	$ 37,256
Net Income (Loss) Attributable to Noncontrolling Interest		1,263	1,025	2,492	2,261
Income (Loss) from Continuing Operations Attributable to Parent		16,064	19,882	32,753	34,995
Noncontrolling Interest, Change in Redemption Value	[1]	(157)	(253)	(251)	(369)
Preferred Stock Dividends and Other Adjustments		(907)	(942)	(1,818)	(1,887)
Other Preferred Stock Dividends and Adjustments		(1,064)	(1,195)	(2,069)	(2,256)
Net Income Loss Continuing Available to Common Shareholders Basic Before Participating		15,000	18,687	30,684	32,739
Undistributed Earnings Continuing Ops Allocated to Participating Securities		(28)	(118)	(75)	(218)
Net Income (Loss) from Continuing Ops Available to Common Stockholders, Basic		14,972	18,569	30,609	32,521
Net income from discontinued operations		1,546	1,450	3,640	3,378
Undistributed Earnings Discontinued Operations Allocated to Participating Securities		(5)	(14)	(17)	(37)
Net Income from Discontinued Ops Available to Common Stockholders, Basic		1,541	1,436	3,623	3,341
Net Income (Loss) Available to Common Stockholders Basic before Allocation to Participating Securities		16,546	20,137	34,324	36,117
Undistributed Earnings Allocated to Participating Securities		(33)	(132)	(92)	(255)
Net income attributable to common shareholders for earnings per share calculation		$ 16,513	$ 20,005	$ 34,232	$ 35,862
Income (Loss) from Continuing Operations, Per Basic Share		$ 0.18	$ 0.24	$ 0.38	$ 0.42
Income (Loss) from Discontinued Operations, Net of Tax, Per Basic Share		0.02	0.02	0.04	0.04
Earnings Per Share, Basic		$ 0.20	$ 0.26	$ 0.42	$ 0.46
Common Stock [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Weighted Average Basic Common Shares Outstanding		80,778,562	78,438,636	80,647,191	78,292,721

[1] See Part II. Item 8. “Financial Statements and Supplementary Data—Note 14: Noncontrolling Interests” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 for a description of the redemption values related to the redeemable noncontrolling interests. In accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 480, Distinguishing Liabilities from Equity (“ASC 480”), an increase in redemption value from period to period reduces income attributable to common shareholders. Decreases in redemption value from period to period increase income attributable to common shareholders, but only to the extent that the cumulative change in redemption value remains a cumulative increase since adoption of this standard in the first quarter of 2009.

XML

Derivatives and Hedging Activities Derivatives Fair Value and Balance Sheet Classification (Details) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Other Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	[1]	$ 5,281	$ 5,357
Other Assets [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	[1]	0	34
Other Assets [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	[1]	5,281	5,323
Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	[1]	(8,111)	(8,786)
Other Liabilities [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	[1]	(3,010)	(3,352)
Other Liabilities [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	[1]	$ (5,101)	$ (5,434)

[1] For additional details, see Part I. Item 1. “Notes to Unaudited Consolidated Financial Statements-Note 5: Fair Value Measurements.”

XML

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following tables present the Company’s assets and liabilities measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014, aggregated by the level in the fair value hierarchy within which those measurements fall:

	As of June 30, 2015		Fair value measurements at reporting date using:
			Quoted prices in active markets for identical assets (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(In thousands)
Assets:
Available for sale securities:
U.S. government and agencies	$	21,700	$	20,394	$	1,306	$	—
Government-sponsored entities	295,977		—		295,977		—
Municipal bonds	255,614		—		255,614		—
Mortgage-backed securities	401,312		—		401,312		—
Other	17,404		17,404		—		—
Total available for sale securities	992,007		37,798		954,209		—
Derivatives - interest rate customer swaps	5,281		—		5,281		—
Other investments	5,802		5,802		—		—
Liabilities:
Derivatives - interest rate customer swaps	$	5,092	$	—	$	5,092	$	—
Derivatives - interest rate swaps	2,088		—		2,088		—
Derivatives - junior subordinated debenture interest rate swap	922		—		922		—
Derivatives - risk participation agreement	9		—		9		—
Other liabilities	5,802		5,802		—		—

			Fair value measurements at reporting date using:
	As of December 31, 2014		Quoted prices in active markets for identical assets (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(In thousands)
Assets:
Available for sale securities:
U.S. government and agencies	$	16,882	$	15,377	$	1,505	$	—
Government-sponsored entities	274,253		—		274,253		—
Municipal bonds	235,248		—		235,248		—
Mortgage-backed securities	283,704		—		283,704		—
Other	19,906		19,906		—		—
Total available for sale securities	829,993		35,283		794,710		—
Derivatives - interest rate customer swaps	5,323		—		5,323		—
Derivatives - interest rate swaps	34		—		34		—
Other investments	5,437		5,437		—		—
Liabilities:
Derivatives - interest rate customer swaps	$	5,434	$	—	$	5,434	$	—
Derivatives - interest rate swaps	1,584		—		1,584		—
Derivatives - junior subordinated debenture interest rate swap	1,768		—		1,768		—

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

The following tables present the Company’s assets and liabilities measured at fair value on a non-recurring basis during the periods ended June 30, 2015 and 2014, respectively, aggregated by the level in the fair value hierarchy within which those measurements fall:

	As of June 30, 2015		Fair value measurements at reporting date using:						Gain (losses) from fair value changes
			Quoted prices in active markets for identical assets (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Three months ended June 30, 2015		Six months ended June 30, 2015
	(In thousands)
Assets:
Impaired loans (1)	$	1,448	$	—	$	—	$	1,448	$	—	$	—

___________________

(1) Collateral-dependent impaired loans held at June 30, 2015 that had write-downs in fair value or whose specific reserve changed during the first six months of 2015.

	As of June 30, 2014		Fair value measurements at reporting date using:						Gain (losses) from fair value changes
			Quoted prices in active markets for identical assets (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Three months ended June 30, 2014			Six months ended June 30, 2014
	(In thousands)
Assets:
Impaired loans (1)	$	4,052	$	—	$	—	$	4,052	$	(500	)	$	(500	)

________________

(1) Collateral-dependent impaired loans held at June 30, 2014 that had write-downs in fair value or whose specific reserve changed during the first six months of 2014.

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Table Text Block]

The following table presents additional quantitative information about assets measured at fair value on a non-recurring basis for which the Company has utilized Level 3 inputs to determine fair value:

	As of June 30, 2015
	Fair Value		Valuation technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	1,448	Appraisals of Collateral	Discount for costs to sell	11% - 13%	12%
				Appraisal adjustments	0% - 15%	7%

	As of June 30, 2014
	Fair Value		Valuation technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	4,052	Appraisals of Collateral	Discount for costs to sell	8% - 12%	9%
				Appraisal adjustments	10% - 25%	13%

Impaired loans include those loans that were adjusted to the fair value of underlying collateral as required under ASC 310, Receivables. The amount does not include impaired loans that are measured based on expected future cash flows discounted at the respective loan’s original effective interest rate, as that amount is not considered a fair value measurement. The Company uses appraisals, which management may adjust to reflect estimated fair value declines, or apply other discounts to appraised values for unobservable factors resulting from its knowledge of the property or consideration of broker quotes. The appraisers use a market, income, and/or a cost approach in determining the value of the collateral. Therefore they have been categorized as a Level 3 measurement.

Fair Value, by Balance Sheet Grouping [Table Text Block]

The following tables present the carrying values and fair values of the Company’s financial instruments that are not measured at fair value on a recurring basis (other than certain loans, as noted below):

	As of June 30, 2015
	Book Value		Fair Value		Quoted prices  in active markets for identical assets  (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(In thousands)
FINANCIAL ASSETS:
Cash and cash equivalents	$	63,099	$	63,099	$	63,099	$	—	$	—
Investment securities held to maturity	128,258		129,181		—		129,181		—
Loans, net	5,384,999		5,405,937		—		—		5,405,937
Loans held for sale	19,512		19,602		—		19,602		—
Other financial assets	118,966		118,966		—		118,966		—
FINANCIAL LIABILITIES:
Deposits	5,429,028		5,431,386		—		5,431,386		—
Securities sold under agreements to repurchase	26,660		26,660		—		26,660		—
Federal Funds purchased	100,000		100,000		—		100,000		—
Federal Home Loan Bank borrowings	541,529		547,889		—		547,889		—
Junior subordinated debentures	106,363		96,363		—		—		96,363
Other financial liabilities	1,929		1,929		—		1,929		—

	As of December 31, 2014
	Book Value		Fair Value		Quoted prices  in active markets for identical assets  (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(In thousands)
FINANCIAL ASSETS:
Cash and cash equivalents	$	172,609	$	172,609	$	172,609	$	—	$	—
Investment securities held to maturity	140,727		142,339		—		142,339		—
Loans, net	5,194,098		5,130,843		—		—		5,130,843
Loans held for sale	7,099		7,239		—		7,239		—
Other financial assets	114,686		114,686		—		114,686		—
FINANCIAL LIABILITIES:
Deposits	5,453,879		5,457,117		—		5,457,117		—
Securities sold under agreements to repurchase	30,496		30,493		—		30,493		—
Federal Home Loan Bank borrowings	370,150		376,320		—		376,320		—
Junior subordinated debentures	106,363		96,363		—		—		96,363
Other financial liabilities	7,357		7,357		—		7,357		—

The estimated fair values have been determined by using available quoted market information or other appropriate valuation methodologies. The aggregate fair value amounts presented do not represent the underlying value of the Company taken as a whole.

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Loan Portfolio and Credit Quality Loans by Past Due Status (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable Recorded Investment 30 to 59 Days Past Due Still Accruing	$ 2,382	$ 4,976
Financing Receivable Recorded Investment 60 to 89 Days Past Due Still Accruing	1,957	1,984
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	0	0
Financing Receivable Recorded Investment Still Accruing	4,339	6,960
Financing Receivable Recorded Investment Nonaccrual Current Payment Status	16,097	26,546
Financing Receivable Recorded Investment Nonaccrual 30 to 89 Days Past Due	598	2,483
Financing Receivable Recorded Investment Nonaccrual Over 89 Days Past Due	13,196	15,153
Financing Receivable, Recorded Investment, Nonaccrual Status	29,891	44,182
Financing Receivable, Recorded Investment, Current	5,429,020	5,218,794
Total loans	5,463,250	5,269,936
Commercial and industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable Recorded Investment 30 to 59 Days Past Due Still Accruing	575	723
Financing Receivable Recorded Investment 60 to 89 Days Past Due Still Accruing	1,610	0
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	0	0
Financing Receivable Recorded Investment Still Accruing	2,185	723
Financing Receivable Recorded Investment Nonaccrual Current Payment Status	1,075	157
Financing Receivable Recorded Investment Nonaccrual 30 to 89 Days Past Due	0	0
Financing Receivable Recorded Investment Nonaccrual Over 89 Days Past Due	530	1,972
Financing Receivable, Recorded Investment, Nonaccrual Status	1,605	2,129
Financing Receivable, Recorded Investment, Current	998,622	950,233
Total loans	1,002,412	953,085
Commercial real estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable Recorded Investment 30 to 59 Days Past Due Still Accruing	1,536	167
Financing Receivable Recorded Investment 60 to 89 Days Past Due Still Accruing	0	71
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	0	0
Financing Receivable Recorded Investment Still Accruing	1,536	238
Financing Receivable Recorded Investment Nonaccrual Current Payment Status	9,739	14,235
Financing Receivable Recorded Investment Nonaccrual 30 to 89 Days Past Due	360	684
Financing Receivable Recorded Investment Nonaccrual Over 89 Days Past Due	3,237	3,566
Financing Receivable, Recorded Investment, Nonaccrual Status	13,336	18,485
Financing Receivable, Recorded Investment, Current	1,812,543	1,769,680
Total loans	1,827,415	1,788,403
Construction and land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable Recorded Investment 30 to 59 Days Past Due Still Accruing	0	0
Financing Receivable Recorded Investment 60 to 89 Days Past Due Still Accruing	0	0
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	0	0
Financing Receivable Recorded Investment Still Accruing	0	0
Financing Receivable Recorded Investment Nonaccrual Current Payment Status	247	8,245
Financing Receivable Recorded Investment Nonaccrual 30 to 89 Days Past Due	65	86
Financing Receivable Recorded Investment Nonaccrual Over 89 Days Past Due	3,103	3,091
Financing Receivable, Recorded Investment, Nonaccrual Status	3,415	11,422
Financing Receivable, Recorded Investment, Current	157,511	113,927
Total loans	160,926	125,349
Residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable Recorded Investment 30 to 59 Days Past Due Still Accruing	0	3,878
Financing Receivable Recorded Investment 60 to 89 Days Past Due Still Accruing	344	1,913
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	0	0
Financing Receivable Recorded Investment Still Accruing	344	5,791
Financing Receivable Recorded Investment Nonaccrual Current Payment Status	3,787	2,770
Financing Receivable Recorded Investment Nonaccrual 30 to 89 Days Past Due	141	1,704
Financing Receivable Recorded Investment Nonaccrual Over 89 Days Past Due	5,328	5,239
Financing Receivable, Recorded Investment, Nonaccrual Status	9,256	9,713
Financing Receivable, Recorded Investment, Current	2,165,908	2,116,591
Total loans	2,175,508	2,132,095
Home equity [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable Recorded Investment 30 to 59 Days Past Due Still Accruing	0	0
Financing Receivable Recorded Investment 60 to 89 Days Past Due Still Accruing	0	0
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	0	0
Financing Receivable Recorded Investment Still Accruing	0	0
Financing Receivable Recorded Investment Nonaccrual Current Payment Status	220	98
Financing Receivable Recorded Investment Nonaccrual 30 to 89 Days Past Due	0	0
Financing Receivable Recorded Investment Nonaccrual Over 89 Days Past Due	997	1,222
Financing Receivable, Recorded Investment, Nonaccrual Status	1,217	1,320
Financing Receivable, Recorded Investment, Current	119,248	113,539
Total loans	120,465	114,859
Consumer and other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable Recorded Investment 30 to 59 Days Past Due Still Accruing	271	208
Financing Receivable Recorded Investment 60 to 89 Days Past Due Still Accruing	3	0
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	0	0
Financing Receivable Recorded Investment Still Accruing	274	208
Financing Receivable Recorded Investment Nonaccrual Current Payment Status	1,029	1,041
Financing Receivable Recorded Investment Nonaccrual 30 to 89 Days Past Due	32	9
Financing Receivable Recorded Investment Nonaccrual Over 89 Days Past Due	1	63
Financing Receivable, Recorded Investment, Nonaccrual Status	1,062	1,113
Financing Receivable, Recorded Investment, Current	175,188	154,824
Total loans	$ 176,524	$ 156,145

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Investments Investment Securities in Unrealized Loss Position (Details) - Jun. 30, 2015 $ in Thousands	USD ($) securities
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 387,658
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(4,428)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	110,186
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(2,264)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	497,844
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	$ (6,692)
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	135
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 19,722
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	(189)
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	0
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value	19,722
Held-to-maturity Securities, Continuous Unrealized Loss Position, Aggregate Loss	$ (189)
Held-to-maturity, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	2
US Government and Government Agencies and Authorities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 5,663
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(17)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	588
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(28)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	6,251
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	$ (45)
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	3
US Government-sponsored Enterprises Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 32,923
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(94)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	29,083
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(42)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	62,006
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	$ (136)
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	5
Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 100,220
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(1,195)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	3,660
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(66)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	103,880
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	$ (1,261)
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	59
Mortgage Backed Securities, Other [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 248,767
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(3,118)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	76,819
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(2,110)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	325,586
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	$ (5,228)
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	55
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 19,722
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	(189)
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	0
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value	19,722
Held-to-maturity Securities, Continuous Unrealized Loss Position, Aggregate Loss	$ (189)
Held-to-maturity, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	2
Other Aggregated Investments [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 85
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(4)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	36
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(18)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	121
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	$ (22)
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	13

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Reportable Segments Segments Text Disclosure (Details)	6 Months Ended
	Jun. 30, 2015 segments
Segment Reporting Information [Line Items]
Number of Reportable Segments	4

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Loan Portfolio and Credit Quality Impaired Loans With and Without Related Allowance (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended		12 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1]	$ 32,040	$ 40,316	$ 32,040	$ 40,316	$ 43,438
Impaired Financing Receivable, with Related Allowance, Recorded Investment	[1]	18,374	18,316	18,374	18,316	18,905
Impaired Financing Receivable, Recorded Investment	[1]	50,414	58,632	50,414	58,632	62,343
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		41,741	52,863	41,741	52,863	54,773
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		19,323	19,083	19,323	19,083	19,552
Impaired Financing Receivable, Unpaid Principal Balance		61,064	71,946	61,064	71,946	74,325
Impaired Financing Receivable, Related Allowance		2,498	1,907	2,498	1,907	4,185
Impaired Financing Receivable, Related Allowance		2,498	1,907	2,498	1,907	4,185
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		30,928	39,693	36,181	39,794	38,390
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		19,124	18,989	19,164	20,854	19,323
Impaired Financing Receivable, Average Recorded Investment		50,052	58,682	55,345	60,648	57,713
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method		147	1,620	2,019	2,037	2,921
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method		195	172	370	341	697
Impaired Financing Receivable, Interest Income, Cash Basis Method		342	1,792	2,389	2,378	3,618
Commercial and industrial [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1]	1,479	2,037	1,479	2,037	2,011
Impaired Financing Receivable, with Related Allowance, Recorded Investment	[1]	1,701	1,060	1,701	1,060	891
Impaired Financing Receivable, Recorded Investment	[1]	3,180	3,097	3,180	3,097	2,902
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		1,537	3,154	1,537	3,154	3,095
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		1,714	1,168	1,714	1,168	954
Impaired Financing Receivable, Unpaid Principal Balance		3,251	4,322	3,251	4,322	4,049
Impaired Financing Receivable, Related Allowance		316	74	316	74	91
Impaired Financing Receivable, Related Allowance		316	74	316	74	91
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		509	2,043	1,152	2,081	2,055
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		1,350	1,089	1,203	1,201	1,111
Impaired Financing Receivable, Average Recorded Investment		1,859	3,132	2,355	3,282	3,166
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method		1	1	808	4	28
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method		20	19	54	28	99
Impaired Financing Receivable, Interest Income, Cash Basis Method		21	20	862	32	127
Commercial real estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1]	18,050	24,277	18,050	24,277	21,500
Impaired Financing Receivable, with Related Allowance, Recorded Investment	[1]	7,144	7,594	7,144	7,594	9,065
Impaired Financing Receivable, Recorded Investment	[1]	25,194	31,871	25,194	31,871	30,565
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		25,881	34,378	25,881	34,378	28,700
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		7,572	8,022	7,572	8,022	9,493
Impaired Financing Receivable, Unpaid Principal Balance		33,453	42,400	33,453	42,400	38,193
Impaired Financing Receivable, Related Allowance		776	1,003	776	1,003	2,592
Impaired Financing Receivable, Related Allowance		776	1,003	776	1,003	2,592
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		18,675	25,577	19,808	27,804	24,921
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		8,095	7,660	8,504	8,091	7,925
Impaired Financing Receivable, Average Recorded Investment		26,770	33,237	28,312	35,895	32,846
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method		72	1,564	966	1,833	2,483
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method		124	97	216	188	379
Impaired Financing Receivable, Interest Income, Cash Basis Method		196	1,661	1,182	2,021	2,862
Construction and land [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1]	1,215	730	1,215	730	9,221
Impaired Financing Receivable, with Related Allowance, Recorded Investment	[1]	2,200	2,666	2,200	2,666	2,200
Impaired Financing Receivable, Recorded Investment	[1]	3,415	3,396	3,415	3,396	11,421
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		2,240	1,456	2,240	1,456	11,133
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		2,356	2,897	2,356	2,897	2,356
Impaired Financing Receivable, Unpaid Principal Balance		4,596	4,353	4,596	4,353	13,489
Impaired Financing Receivable, Related Allowance		172	221	172	221	172
Impaired Financing Receivable, Related Allowance		172	221	172	221	172
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		1,243	731	4,637	779	1,597
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		2,200	2,696	2,200	2,712	2,545
Impaired Financing Receivable, Average Recorded Investment		3,443	3,427	6,837	3,491	4,142
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method		0	0	92	0	0
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method		0	0	0	0	0
Impaired Financing Receivable, Interest Income, Cash Basis Method		0	0	92	0	0
Residential [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1]	10,239	12,215	10,239	12,215	9,650
Impaired Financing Receivable, with Related Allowance, Recorded Investment	[1]	7,329	6,996	7,329	6,996	6,749
Impaired Financing Receivable, Recorded Investment	[1]	17,568	19,211	17,568	19,211	16,399
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		11,026	12,818	11,026	12,818	10,788
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		7,681	6,996	7,681	6,996	6,749
Impaired Financing Receivable, Unpaid Principal Balance		18,707	19,814	18,707	19,814	17,537
Impaired Financing Receivable, Related Allowance		1,234	609	1,234	609	1,330
Impaired Financing Receivable, Related Allowance		1,234	609	1,234	609	1,330
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		9,444	11,035	9,527	8,930	9,221
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		7,479	7,544	7,257	8,850	7,742
Impaired Financing Receivable, Average Recorded Investment		16,923	18,579	16,784	17,780	16,963
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method		73	54	151	198	406
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method		51	56	100	125	219
Impaired Financing Receivable, Interest Income, Cash Basis Method		124	110	251	323	625
Home equity [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1]	50	50	50	50	50
Impaired Financing Receivable, with Related Allowance, Recorded Investment	[1]	0	0	0	0	0
Impaired Financing Receivable, Recorded Investment	[1]	50	50	50	50	50
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		50	50	50	50	50
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		0	0	0	0	0
Impaired Financing Receivable, Unpaid Principal Balance		50	50	50	50	50
Impaired Financing Receivable, Related Allowance		0	0	0	0	0
Impaired Financing Receivable, Related Allowance		0	0	0	0	0
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		50	50	50	50	50
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		0	0	0	0	0
Impaired Financing Receivable, Average Recorded Investment		50	50	50	50	50
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method		0	0	1	1	3
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method		0	0	0	0	0
Impaired Financing Receivable, Interest Income, Cash Basis Method		0	0	1	1	3
Consumer and other [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1]	1,007	1,007	1,007	1,007	1,006
Impaired Financing Receivable, with Related Allowance, Recorded Investment	[1]	0	0	0	0	0
Impaired Financing Receivable, Recorded Investment	[1]	1,007	1,007	1,007	1,007	1,006
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		1,007	1,007	1,007	1,007	1,007
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		0	0	0	0	0
Impaired Financing Receivable, Unpaid Principal Balance		1,007	1,007	1,007	1,007	1,007
Impaired Financing Receivable, Related Allowance		0	0	0	0	0
Impaired Financing Receivable, Related Allowance		0	0	0	0	0
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		1,007	257	1,007	150	546
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		0	0	0	0	0
Impaired Financing Receivable, Average Recorded Investment		1,007	257	1,007	150	546
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method		1	1	1	1	1
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method		0	0	0	0	0
Impaired Financing Receivable, Interest Income, Cash Basis Method		$ 1	$ 1	$ 1	$ 1	$ 1

[1] Recorded investment represents the client loan balance net of historical charge-offs and historical nonaccrual interest paid, which was applied to principal.

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Noncontrolling Interests Redeemable Noncontrolilng Interests Rollforward (Details) - Entity [Domain] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Redeemable Noncontrolling Interest [Line Items]
Redeemable noncontrolling interests at beginning of year			$ 20,905
Nonredeemable Noncontrolling Interest at beginning of year			386
Net income attributable to noncontrolling interests	$ 1,263	$ 1,025	2,492	$ 2,261
Redeemable noncontrolling interests at end of period	19,200		19,200
Nonredeemable Noncontrolling Interest at end of period	2,896		2,896
Redeemable Noncontrolling Interest [Member]
Redeemable Noncontrolling Interest [Line Items]
Redeemable noncontrolling interests at beginning of year	19,911	20,774	20,905	19,468
Net income attributable to noncontrolling interests	984	992	2,064	2,196
Redeemable noncontrolling interest, decrease from distributions to redeemable noncontrolling interest holders	(1,098)	(1,008)	(2,153)	(2,069)
Redeemable Noncontrolling Interest Increase, Purchase of Additional Ownership Interest	(1,503)	(473)	(1,503)	(473)
Noncontrolling Interest, Increase from Subsidiary Equity Issuance	0		(1,652)
Amortization of Noncontrolling Interest Equity Compensation	0	0	0	0
Noncontrolling Interest, adjustment to fair value	906	610	1,539	1,773
Redeemable noncontrolling interests at end of period	19,200	20,895	19,200	20,895
Noncontrolling Interest [Member]
Redeemable Noncontrolling Interest [Line Items]
Nonredeemable Noncontrolling Interest at beginning of year	2,601	110	386	171
Net income attributable to noncontrolling interests	279	33	428	65
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	(116)	(44)	(252)	(177)
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	0		419
Noncontrolling Interest, Increase from Subsidiary Equity Issuance	0		1,652
Amortization of Noncontrolling Interest Equity Compensation	118	24	236	48
Noncontrolling Interest, adjustment to fair value	14	(17)	27	(1)
Nonredeemable Noncontrolling Interest at end of period	$ 2,896	$ 232	$ 2,896	$ 232

XML

Derivatives and Hedging Activities Cash Flow Hedges Text Description (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015 USD ($) contracts	Jun. 30, 2014 USD ($)	Jun. 30, 2015 USD ($) contracts	Jun. 30, 2014 USD ($)	Dec. 31, 2014 USD ($) contracts
Derivative [Line Items]
Loss on Cash Flow Hedge Ineffectiveness	$ 0	$ 0	$ 0	$ 0
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	$ 2,800		$ 2,800
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held | contracts	0		0		0
Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held | contracts	48		48		24
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Collateral, Right to Reclaim Cash	$ 2,900		$ 2,900		$ 3,700
Trust II $75m Cash Flow Hedge [Member]
Derivative [Line Items]
Derivative Asset, Notional Amount	$ 75,000		$ 75,000
Derivative, Inception Date			Dec. 30, 2010
Derivative, Term of Contract			5 years
Objectives for Using Derivative Instruments			related to the Holding Company’s cash outflows associated with the subordinated debt related to trust preferred securities to protect against an increase in the London Interbank Offered Rate (“LIBOR”)
Derivative, Description of Hedged Item	6.25%		6.25%
Derivative, Average Variable Interest Rate	4.45%		4.45%
Private Banking Segment [Member]
Derivative [Line Items]
Number of Interest Rate Derivatives Held | contracts	6		6
Private Banking Segment [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivatives, Total Notional Amount	$ 150,000		$ 150,000
Private Banking Segment [Member] | Bank $25m LIBOR Swap effective 8/1/13 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Asset, Notional Amount	$ 25,000		$ 25,000
Derivative, Inception Date			Aug. 01, 2013
Objectives for Using Derivative Instruments			to reduce its exposure to variability in interest-related cash outflows attributable to changes in the LIBOR swap rate associated with borrowing programs for each of the periods, initially expected to be accomplished with LIBOR-indexed brokered deposits, but may also include LIBOR-indexed FHLB advances
Private Banking Segment [Member] | Bank $25m LIBOR Swap effective 8/1/13 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Minimum [Member]
Derivative [Line Items]
Derivative, Term of Contract			3 years
Derivative, Fixed Interest Rate	1.17%		1.17%
Private Banking Segment [Member] | Bank $25m LIBOR Swap effective 8/1/13 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Maximum [Member]
Derivative [Line Items]
Derivative, Term of Contract			6 years
Derivative, Fixed Interest Rate	2.32%		2.32%
Private Banking Segment [Member] | Bank $25m LIBOR Swap effective 8/1/13 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Weighted Average [Member]
Derivative [Line Items]
Derivative, Fixed Interest Rate	1.85%		1.85%
Private Banking Segment [Member] | Bank $25m LIBOR Swap effective 3/1/14 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Asset, Notional Amount	$ 25,000		$ 25,000
Derivative, Inception Date			Mar. 01, 2014
Objectives for Using Derivative Instruments			to reduce its exposure to variability in interest-related cash outflows attributable to changes in the LIBOR swap rate associated with borrowing programs for each of the periods, initially expected to be accomplished with LIBOR-indexed brokered deposits, but may also include LIBOR-indexed FHLB advances
Private Banking Segment [Member] | Bank $25m LIBOR Swap effective 3/1/14 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Minimum [Member]
Derivative [Line Items]
Derivative, Term of Contract			3 years
Derivative, Fixed Interest Rate	1.17%		1.17%
Private Banking Segment [Member] | Bank $25m LIBOR Swap effective 3/1/14 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Maximum [Member]
Derivative [Line Items]
Derivative, Term of Contract			6 years
Derivative, Fixed Interest Rate	2.32%		2.32%
Private Banking Segment [Member] | Bank $25m LIBOR Swap effective 3/1/14 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Weighted Average [Member]
Derivative [Line Items]
Derivative, Fixed Interest Rate	1.85%		1.85%
Private Banking Segment [Member] | Bank $25m LIBOR Swap 2013 effective 6/1/14 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Asset, Notional Amount	$ 25,000		$ 25,000
Derivative, Inception Date			Jun. 01, 2014
Objectives for Using Derivative Instruments			to reduce its exposure to variability in interest-related cash outflows attributable to changes in the LIBOR swap rate associated with borrowing programs for each of the periods, initially expected to be accomplished with LIBOR-indexed brokered deposits, but may also include LIBOR-indexed FHLB advances
Private Banking Segment [Member] | Bank $25m LIBOR Swap 2013 effective 6/1/14 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Minimum [Member]
Derivative [Line Items]
Derivative, Term of Contract			3 years
Derivative, Fixed Interest Rate	1.17%		1.17%
Private Banking Segment [Member] | Bank $25m LIBOR Swap 2013 effective 6/1/14 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Maximum [Member]
Derivative [Line Items]
Derivative, Term of Contract			6 years
Derivative, Fixed Interest Rate	2.32%		2.32%
Private Banking Segment [Member] | Bank $25m LIBOR Swap 2013 effective 6/1/14 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Weighted Average [Member]
Derivative [Line Items]
Derivative, Fixed Interest Rate	1.85%		1.85%
Private Banking Segment [Member] | Bank $25m LIBOR Swap effective 9/2/14 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Asset, Notional Amount	$ 25,000		$ 25,000
Derivative, Inception Date			Sep. 02, 2014
Objectives for Using Derivative Instruments			to reduce its exposure to variability in interest-related cash outflows attributable to changes in the LIBOR swap rate associated with borrowing programs for each of the periods, initially expected to be accomplished with LIBOR-indexed brokered deposits, but may also include LIBOR-indexed FHLB advances
Private Banking Segment [Member] | Bank $25m LIBOR Swap effective 9/2/14 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Minimum [Member]
Derivative [Line Items]
Derivative, Term of Contract			3 years
Derivative, Fixed Interest Rate	1.17%		1.17%
Private Banking Segment [Member] | Bank $25m LIBOR Swap effective 9/2/14 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Maximum [Member]
Derivative [Line Items]
Derivative, Term of Contract			6 years
Derivative, Fixed Interest Rate	2.32%		2.32%
Private Banking Segment [Member] | Bank $25m LIBOR Swap effective 9/2/14 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Weighted Average [Member]
Derivative [Line Items]
Derivative, Fixed Interest Rate	1.85%		1.85%
Private Banking Segment [Member] | Bank $25m LIBOR Swap effective 12/1/14 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Asset, Notional Amount	$ 25,000		$ 25,000
Derivative, Inception Date			Dec. 01, 2014
Objectives for Using Derivative Instruments			to reduce its exposure to variability in interest-related cash outflows attributable to changes in the LIBOR swap rate associated with borrowing programs for each of the periods, initially expected to be accomplished with LIBOR-indexed brokered deposits, but may also include LIBOR-indexed FHLB advances
Private Banking Segment [Member] | Bank $25m LIBOR Swap effective 12/1/14 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Minimum [Member]
Derivative [Line Items]
Derivative, Term of Contract			3 years
Derivative, Fixed Interest Rate	1.17%		1.17%
Private Banking Segment [Member] | Bank $25m LIBOR Swap effective 12/1/14 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Maximum [Member]
Derivative [Line Items]
Derivative, Term of Contract			6 years
Derivative, Fixed Interest Rate	2.32%		2.32%
Private Banking Segment [Member] | Bank $25m LIBOR Swap effective 12/1/14 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Weighted Average [Member]
Derivative [Line Items]
Derivative, Fixed Interest Rate	1.85%		1.85%
Private Banking Segment [Member] | Bank $25m LIBOR Swap 2014 effective 6/1/14 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Asset, Notional Amount	$ 25,000		$ 25,000
Derivative, Inception Date			Jun. 01, 2014
Objectives for Using Derivative Instruments			to reduce its exposure to variability in interest-related cash outflows attributable to changes in the LIBOR swap rate associated with borrowing programs for each of the periods, initially expected to be accomplished with LIBOR-indexed brokered deposits, but may also include LIBOR-indexed FHLB advances
Private Banking Segment [Member] | Bank $25m LIBOR Swap 2014 effective 6/1/14 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Minimum [Member]
Derivative [Line Items]
Derivative, Term of Contract			3 years
Derivative, Fixed Interest Rate	1.17%		1.17%
Private Banking Segment [Member] | Bank $25m LIBOR Swap 2014 effective 6/1/14 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Maximum [Member]
Derivative [Line Items]
Derivative, Term of Contract			6 years
Derivative, Fixed Interest Rate	2.32%		2.32%
Private Banking Segment [Member] | Bank $25m LIBOR Swap 2014 effective 6/1/14 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Weighted Average [Member]
Derivative [Line Items]
Derivative, Fixed Interest Rate	1.85%		1.85%
London Interbank Offered Rate (LIBOR) [Member] | Trust II $75m Cash Flow Hedge [Member]
Derivative [Line Items]
Derivative, Basis Spread on Variable Rate	1.68%		1.68%

XML

Fair Value Measurements Not Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2015		Dec. 31, 2014	Jun. 30, 2014	[2]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity Securities, Fair Value	$ 129,181		$ 142,339
Federal funds purchased	100,000		0
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans Receivable, Fair Value Disclosure	1,448	[1]		$ 4,052
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans Receivable, Fair Value Disclosure	0	[1]		0
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans Receivable, Fair Value Disclosure	0	[1]		0
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans Receivable, Fair Value Disclosure	1,448	[1]		$ 4,052
Reported Value Measurement, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	63,099		172,609
Held-to-maturity Securities, Fair Value	128,258		140,727
Loans Receivable, Fair Value Disclosure	5,384,999		5,194,098
Loans Held-for-sale, Fair Value Disclosure	19,512		7,099
Other Assets, Fair Value Disclosure	118,966		114,686
Deposits, Fair Value Disclosure	5,429,028		5,453,879
Securities Loaned or Sold under Agreements to Repurchase, Fair Value Disclosure	26,660		30,496
Federal funds purchased	100,000
Federal Home Loan Bank Borrowings, Fair Value Disclosure	541,529		370,150
Subordinated Debt Obligations, Fair Value Disclosure	106,363		106,363
Other Liabilities, Fair Value Disclosure	1,929		7,357
Portion at Fair Value Measurement, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	63,099		172,609
Held-to-maturity Securities, Fair Value	129,181		142,339
Loans Receivable, Fair Value Disclosure	5,405,937		5,130,843
Loans Held-for-sale, Fair Value Disclosure	19,602		7,239
Other Assets, Fair Value Disclosure	118,966		114,686
Deposits, Fair Value Disclosure	5,431,386		5,457,117
Securities Loaned or Sold under Agreements to Repurchase, Fair Value Disclosure	26,660		30,493
Federal funds purchased	100,000
Federal Home Loan Bank Borrowings, Fair Value Disclosure	547,889		376,320
Subordinated Debt Obligations, Fair Value Disclosure	96,363		96,363
Other Liabilities, Fair Value Disclosure	1,929		7,357
Portion at Fair Value Measurement, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	63,099		172,609
Held-to-maturity Securities, Fair Value	0		0
Loans Receivable, Fair Value Disclosure	0		0
Loans Held-for-sale, Fair Value Disclosure	0		0
Other Assets, Fair Value Disclosure	0		0
Deposits, Fair Value Disclosure	0		0
Securities Loaned or Sold under Agreements to Repurchase, Fair Value Disclosure	0		0
Federal funds purchased	0
Federal Home Loan Bank Borrowings, Fair Value Disclosure	0		0
Subordinated Debt Obligations, Fair Value Disclosure	0		0
Other Liabilities, Fair Value Disclosure	0		0
Portion at Fair Value Measurement, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0		0
Held-to-maturity Securities, Fair Value	129,181		142,339
Loans Receivable, Fair Value Disclosure	0		0
Loans Held-for-sale, Fair Value Disclosure	19,602		7,239
Other Assets, Fair Value Disclosure	118,966		114,686
Deposits, Fair Value Disclosure	5,431,386		5,457,117
Securities Loaned or Sold under Agreements to Repurchase, Fair Value Disclosure	26,660		30,493
Federal funds purchased	100,000
Federal Home Loan Bank Borrowings, Fair Value Disclosure	547,889		376,320
Subordinated Debt Obligations, Fair Value Disclosure	0		0
Other Liabilities, Fair Value Disclosure	1,929		7,357
Portion at Fair Value Measurement, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0		0
Held-to-maturity Securities, Fair Value	0		0
Loans Receivable, Fair Value Disclosure	5,405,937		5,130,843
Loans Held-for-sale, Fair Value Disclosure	0		0
Other Assets, Fair Value Disclosure	0		0
Deposits, Fair Value Disclosure	0		0
Securities Loaned or Sold under Agreements to Repurchase, Fair Value Disclosure	0		0
Federal funds purchased	0
Federal Home Loan Bank Borrowings, Fair Value Disclosure	0		0
Subordinated Debt Obligations, Fair Value Disclosure	96,363		96,363
Other Liabilities, Fair Value Disclosure	$ 0		$ 0

[1] Collateral-dependent impaired loans held at June 30, 2015 that had write-downs in fair value or whose specific reserve changed during the first six months of 2015.

[2] Collateral-dependent impaired loans held at June 30, 2014 that had write-downs in fair value or whose specific reserve changed during the first six months of 2014.

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Basis of Presentation and Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2015

Basis of Presentation and Summary of Significant Accounting Policies [Abstract]

Basis of Presentation and Significant Accounting Policies [Text Block]

Basis of Presentation and Summary of Significant Accounting Policies

Boston Private Financial Holdings, Inc. (the “Company” or “BPFH”), is a bank holding company (the “Holding Company”) with four reportable segments: Private Banking, Wealth Management and Trust, Investment Management, and Wealth Advisory.

The Private Banking segment is comprised of the banking operations of Boston Private Bank & Trust Company (the “Bank” or “Boston Private Bank”), a trust company chartered by The Commonwealth of Massachusetts, insured by the Federal Deposit Insurance Corporation (the “FDIC”), and a wholly-owned subsidiary of the Company. Boston Private Bank currently operates in three geographic markets: New England, San Francisco Bay, and Southern California.

The Wealth Management and Trust segment is comprised of the trust operations of Boston Private Bank and the operations of Boston Private Wealth, LLC (“BP Wealth”). BP Wealth was formed in the first quarter of 2015 and combines Boston Private Bank's existing wealth management business and the business of Banyan Partners, LLC (“Banyan”), which Boston Private Bank purchased in the fourth quarter of 2014. The segment offers investment management, wealth management, family office, and trust services to individuals, families, and institutions. The Wealth Management and Trust segment operates in New England; South Florida; Texas; California; Atlanta, Georgia; and Madison, Wisconsin. For comparative purposes, the Wealth Management and Trust data that was previously included within the Private Banking segment has been reclassified into the Wealth Management and Trust segment.

The Investment Management segment has two consolidated affiliates, consisting of Dalton, Greiner, Hartman, Maher & Co., LLC (“DGHM”) and Anchor Capital Advisors, LLC (“Anchor”) (together, the “Investment Managers”).

The Wealth Advisory segment has two consolidated affiliates, consisting of KLS Professional Advisors Group, LLC (“KLS”) and Bingham, Osborn & Scarborough, LLC (“BOS”) (together, the “Wealth Advisors” and, together with the Wealth Management and Trust and Investment Management segments, the “Wealth and Investment businesses”).

The Company conducts substantially all of its business through its four reportable segments. All significant intercompany accounts and transactions have been eliminated in consolidation.

The unaudited interim consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), and include all necessary adjustments of a normal recurring nature which, in the opinion of management, are required for a fair presentation of the results of operations and financial condition of the Company. The interim results of consolidated operations are not necessarily indicative of the results for the entire year.

The information in this report should be read in conjunction with the consolidated financial statements and accompanying notes included in the Annual Report on Form 10-K for the year ended December 31, 2014, as filed with the Securities and Exchange Commission (“SEC”). Prior period amounts are reclassified whenever necessary to conform to the current period presentation.

The Company’s significant accounting policies are 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, as filed with the SEC. For interim reporting purposes, the Company follows the same significant accounting policies.

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Derivatives and Hedging Activities Non-designated Hedges Text description (Details) $ in Millions	Jun. 30, 2015 USD ($) contracts	Dec. 31, 2014 USD ($) contracts
Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held | contracts	48	24
Derivative, Notional Amount	$ 324.3	$ 238.7
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Collateral, Right to Reclaim Securities	6.2	7.0
Loan Participations and Assignments [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 8.3	$ 0.0
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held | contracts	0	0

XML

Investments Other Investment Disclosures (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Investments, Other Disclosures [Abstract]
Cost Method Investments, Additional Information	0	0
Cost Method Investments	$ 24.4	$ 27.0

XML

Income Taxes (Tables)

6 Months Ended

Jun. 30, 2015

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following table presents the components of income tax expense for continuing operations, discontinued operations, noncontrolling interests and the Company:

	Six months ended June 30,
	2015			2014
	(In thousands)
Income from continuing operations:
Income before income taxes	$	51,817		$	54,727
Income tax expense	16,572			17,471
Net income from continuing operations	$	35,245		$	37,256
Effective tax rate, continuing operations	32.0		%	31.9		%
Income from discontinued operations:
Income before income taxes	$	6,227		$	6,048
Income tax expense	2,587			2,670
Net income from discontinued operations	$	3,640		$	3,378
Effective tax rate, discontinued operations	41.5		%	44.1		%
Less: Income attributable to noncontrolling interests:
Income before income taxes	$	2,492		$	2,261
Income tax expense	—			—
Net income attributable to noncontrolling interests	$	2,492		$	2,261
Effective tax rate, noncontrolling interests	—		%	—		%
Income attributable to the Company
Income before income taxes	$	55,552		$	58,514
Income tax expense	19,159			20,141
Net income attributable to the Company	$	36,393		$	38,373
Effective tax rate attributable to the Company	34.5		%	34.4		%

XML

Derivatives and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following table presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of June 30, 2015 and December 31, 2014:

	June 30, 2015							December 31, 2014
	Asset derivatives			Liability derivatives				Asset derivatives			Liability derivatives
	Balance sheet location	Fair value (1)		Balance sheet location	Fair value (1)			Balance sheet location	Fair value (1)		Balance sheet location	Fair value (1)
	(In thousands)
Derivatives designated as hedging instruments:
Interest rate products	Other assets	$	—	Other liabilities	$	(3,010	)	Other assets	$	34	Other liabilities	$	(3,352	)
Derivatives not designated as hedging instruments:
Interest rate products	Other assets	5,281		Other liabilities	(5,101		)	Other assets	5,323		Other liabilities	(5,434		)
Total		$	5,281		$	(8,111	)		$	5,357		$	(8,786	)

___________________

(1) For additional details, see Part I. Item 1. “Notes to Unaudited Consolidated Financial Statements-Note 5: Fair Value Measurements.”

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

The following table presents the effect of the Company’s derivative financial instruments in the consolidated statements of operations for the three and six months ended June 30, 2015 and 2014:

Derivatives in cash flow hedging relationships	Amount of gain or (loss) recognized in OCI on derivatives (effective portion)					Location of gain or (loss) reclassified from accumulated OCI into income (effective portion)	Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion)
	three months ended June 30,						three months ended June 30,
	2015		2014				2015			2014
(In thousands)
Interest rate products	$	140	$	(1,513	)	Interest expense	$	(1,022	)	$	(732	)
Total	$	140	$	(1,513	)		$	(1,022	)	$	(732	)

Derivatives in cash flow hedging relationships	Amount of gain or (loss) recognized in OCI on derivatives (effective portion)						Location of gain or (loss) reclassified from accumulated OCI into income (effective portion)	Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion)
	six months ended June 30,							six months ended June 30,
	2015			2014				2015			2014
(In thousands)
Interest rate products	$	(1,733	)	$	(2,514	)	Interest expense	$	(2,040	)	$	(1,348	)
Total	$	(1,733	)	$	(2,514	)		$	(2,040	)	$	(1,348	)

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]

The following table presents the components of the Company’s accumulated other comprehensive income/ (loss) related to the derivatives for the three and six months ended June 30, 2015 and 2014:

	Three months ended June 30,						Six months ended June 30,
	2015			2014			2015			2014
	(In thousands)
Accumulated other comprehensive income/ (loss) on cash flow hedges, balance at beginning of period	$	(2,432	)	$	(1,995	)	$	(1,923	)	$	(1,763	)
Net change in unrealized gain/ (loss) on cash flow hedges	676			(463		)	167			(695		)
Accumulated other comprehensive income/ (loss) on cash flow hedges, balance at end of period	$	(1,756	)	$	(2,458	)	$	(1,756	)	$	(2,458	)

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following table presents the effect of the Bank’s derivative financial instruments not designated as hedging instruments in the consolidated statement of operations for the three and six months ended June 30, 2015 and 2014.

		Amount of gain or (loss), net, recognized in income on derivatives
Derivatives not designated as hedging instruments	Location of gain or (loss) recognized in income on derivative	Three months ended June 30,					Six months ended June 30,
		2015		2014			2015		2014
		(In thousands)
Interest rate products	Other income/ (expense)	$	307	$	(80	)	$	301	$	(106	)
Other products (1)	Other income/ (expense)	5		—			45		—
Total		$	312	$	(80	)	$	346	$	(106	)

___________________

(1)     Risk Participation Agreement.

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Allowance for Loan Losses Allowance by impairment analysis method (Details) - USD ($)	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	$ 75,753,000		$ 71,653,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	2,498,000		4,185,000
Loans and Leases Receivable, Allowance	78,251,000	$ 77,263,000	75,838,000	$ 74,547,000	$ 76,605,000	$ 76,371,000
Financing Receivable, Collectively Evaluated for Impairment	5,412,836,000		5,207,593,000
Financing Receivable, Individually Evaluated for Impairment	50,414,000		62,343,000
Total loans	5,463,250,000		5,269,936,000
Receivables Acquired with Deteriorated Credit Quality [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total loans	0		0
Commercial and industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	14,305,000		14,023,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	316,000		91,000
Loans and Leases Receivable, Allowance	14,621,000	14,337,000	14,114,000	13,141,000	12,200,000	12,837,000
Financing Receivable, Collectively Evaluated for Impairment	999,232,000		950,183,000
Financing Receivable, Individually Evaluated for Impairment	3,180,000		2,902,000
Total loans	1,002,412,000		953,085,000
Commercial real estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	43,357,000		41,262,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	776,000		2,592,000
Loans and Leases Receivable, Allowance	44,133,000	43,552,000	43,854,000	44,086,000	46,366,000	44,979,000
Financing Receivable, Collectively Evaluated for Impairment	1,802,221,000		1,757,839,000
Financing Receivable, Individually Evaluated for Impairment	25,194,000		30,564,000
Total loans	1,827,415,000		1,788,403,000
Construction and land [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	5,246,000		3,869,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	172,000		172,000
Loans and Leases Receivable, Allowance	5,418,000	5,411,000	4,041,000	4,580,000	4,972,000	4,465,000
Financing Receivable, Collectively Evaluated for Impairment	157,511,000		113,928,000
Financing Receivable, Individually Evaluated for Impairment	3,415,000		11,421,000
Total loans	160,926,000		125,349,000
Residential [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	9,160,000		9,044,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	1,234,000		1,330,000
Loans and Leases Receivable, Allowance	10,394,000	10,397,000	10,374,000	9,569,000	9,746,000	10,732,000
Financing Receivable, Collectively Evaluated for Impairment	2,157,940,000		2,115,696,000
Financing Receivable, Individually Evaluated for Impairment	17,568,000		16,399,000
Total loans	2,175,508,000		2,132,095,000
Home equity [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	1,024,000		1,003,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0		0
Loans and Leases Receivable, Allowance	1,024,000	1,016,000	1,003,000	992,000	963,000	1,020,000
Financing Receivable, Collectively Evaluated for Impairment	120,415,000		114,809,000
Financing Receivable, Individually Evaluated for Impairment	50,000		50,000
Total loans	120,465,000		114,859,000
Consumer and other [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	528,000		382,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0		0
Loans and Leases Receivable, Allowance	528,000	508,000	382,000	257,000	330,000	322,000
Financing Receivable, Collectively Evaluated for Impairment	175,517,000		155,138,000
Financing Receivable, Individually Evaluated for Impairment	1,007,000		1,007,000
Total loans	176,524,000		156,145,000
Unallocated Financing Receivables [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	2,133,000		2,070,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0		0
Loans and Leases Receivable, Allowance	2,133,000	$ 2,042,000	2,070,000	$ 1,922,000	$ 2,028,000	$ 2,016,000
Financing Receivable, Collectively Evaluated for Impairment	0		0
Financing Receivable, Individually Evaluated for Impairment	0		0
Total loans	$ 0		$ 0

XML

Fair Value Measurements Fair Value Recurring Basis (Details) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		$ 992,007	$ 829,993
US Government and Government Agencies and Authorities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		21,700	16,882
US Government-sponsored Enterprises Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		295,977	274,253
Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		255,614	235,248
Mortgage Backed Securities, Other [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	[1]	401,312	283,704
Other Aggregated Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		17,404	19,906
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		992,007	829,993
Alternative Investments, Fair Value Disclosure		5,802	5,437
Financial and Nonfinancial Liabilities, Fair Value Disclosure		5,802
Fair Value, Measurements, Recurring [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		922	1,768
Fair Value, Measurements, Recurring [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets			34
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		2,088	1,584
Fair Value, Measurements, Recurring [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets		5,281	5,323
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		5,092	5,434
Fair Value, Measurements, Recurring [Member] | Not Designated as Hedging Instrument [Member] | Loan Participations and Assignments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		9
Fair Value, Measurements, Recurring [Member] | US Government and Government Agencies and Authorities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		21,700	16,882
Fair Value, Measurements, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		295,977	274,253
Fair Value, Measurements, Recurring [Member] | Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		255,614	235,248
Fair Value, Measurements, Recurring [Member] | Mortgage Backed Securities, Other [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		401,312	283,704
Fair Value, Measurements, Recurring [Member] | Other Aggregated Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		17,404	19,906
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		37,798	35,283
Alternative Investments, Fair Value Disclosure		5,802	5,437
Financial and Nonfinancial Liabilities, Fair Value Disclosure		5,802
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets			0
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets		0	0
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Not Designated as Hedging Instrument [Member] | Loan Participations and Assignments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | US Government and Government Agencies and Authorities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		20,394	15,377
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | US Government-sponsored Enterprises Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mortgage Backed Securities, Other [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Other Aggregated Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		17,404	19,906
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		954,209	794,710
Alternative Investments, Fair Value Disclosure		0	0
Financial and Nonfinancial Liabilities, Fair Value Disclosure		0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		922	1,768
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets			34
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		2,088	1,584
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets		5,281	5,323
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		5,092	5,434
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Not Designated as Hedging Instrument [Member] | Loan Participations and Assignments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		9
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US Government and Government Agencies and Authorities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		1,306	1,505
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US Government-sponsored Enterprises Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		295,977	274,253
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		255,614	235,248
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage Backed Securities, Other [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		401,312	283,704
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Other Aggregated Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0	0
Alternative Investments, Fair Value Disclosure		0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value		0	0
Financial and Nonfinancial Liabilities, Fair Value Disclosure		0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets			0
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets		0	0
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Not Designated as Hedging Instrument [Member] | Loan Participations and Assignments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | US Government and Government Agencies and Authorities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | US Government-sponsored Enterprises Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mortgage Backed Securities, Other [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other Aggregated Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		$ 0	$ 0

[1] All mortgage-backed securities are guaranteed by U.S. government agencies or Government-sponsored entities.

XML

Noncontrolling Interests (Tables)

6 Months Ended

Jun. 30, 2015

Noncontrolling Interest [Abstract]

Redeemable Noncontrolling Interest [Table Text Block]

The following table presents, by affiliate, the noncontrolling interests included as redeemable noncontrolling interests and noncontrolling interests in mezzanine and permanent equity, respectively, at the periods indicated:

	June 30, 2015		December 31, 2014
	(In thousands)
Anchor	$	11,611	$	11,929
BOS	6,941		6,069
DGHM (1)	3,544		3,293
Total	$	22,096	$	21,291
Redeemable noncontrolling interests	$	19,200	$	20,905
Noncontrolling interests	$	2,896	$	386

______________

(1)    Only includes redeemable noncontrolling interests.

Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Table Text Block]

The following table presents a rollforward of the Company’s redeemable noncontrolling interests and noncontrolling interests for the periods indicated:

	Three months ended						Six months ended
	June 30, 2015						June 30, 2015
	Redeemable noncontrolling interests			Noncontrolling interests			Redeemable noncontrolling interests			Noncontrolling interests
	(In thousands)
Noncontrolling interests at beginning of period	$	19,911		$	2,601		$	20,905		$	386
Net income attributable to noncontrolling interests	984			279			2,064			428
Distributions	(1,098		)	(116		)	(2,153		)	(252		)
Purchases/ (sales) of ownership interests	(1,503		)	—			(1,503		)	419
Transfers of ownership interests from mezzanine to permanent equity	—			—			(1,652		)	1,652
Amortization of equity compensation	—			118			—			236
Adjustments to fair value	906			14			1,539			27
Noncontrolling interests at end of period	$	19,200		$	2,896		$	19,200		$	2,896

	Three months ended						Six months ended
	June 30, 2014						June 30, 2014
	Redeemable noncontrolling interests			Noncontrolling interests			Redeemable noncontrolling interests			Noncontrolling interests
	(In thousands)
Noncontrolling interests at beginning of period	$	20,774		$	110		$	19,468		$	171
Net income attributable to noncontrolling interests	992			33			2,196			65
Distributions	(1,008		)	(44		)	(2,069		)	(177		)
Purchases/ (sales) of ownership interests	(473		)	126			(473		)	126
Amortization of equity compensation	—			24			—			48
Adjustments to fair value	610			(17		)	1,773			(1		)
Noncontrolling interests at end of period	$	20,895		$	232		$	20,895		$	232

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Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2015

Accumulated Other Comprehensive Income [Abstract]

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

The following table presents a summary of the amounts reclassified from accumulated other comprehensive income/ (loss) for the three and six months ended June 30, 2015 and 2014:

Description of component of accumulated other comprehensive income/ (loss)	Three months ended June 30,						Six months ended June 30,						Affected line item in Statement of Operations
	2015			2014			2015			2014
	(In thousands)						(In thousands)
Adjustment for realized gains/ (losses) on securities available for sale, net:
Pre-tax	$	8		$	—		$	16		$	1		Gain on sale of investments, net
Tax expense/ (benefit)	4			—			7			—			Income tax expense
Net	$	4		$	—		$	9		$	1		Net income attributable to the Company
Net realized gain/ (loss) on cash flow hedges:
Hedge related to junior subordinated debentures:
Pre-tax	$	(473	)	$	(481	)	$	(944	)	$	(954	)	Interest expense on junior subordinated debentures
Tax expense/ (benefit)	(202		)	(206		)	(404		)	(407		)	Income tax expense
Net	$	(271	)	$	(275	)	$	(540	)	$	(547	)	Net income attributable to the Company
Hedges related to deposits:
Pre-tax	$	(549	)	$	(251	)	$	(1,096	)	$	(394	)	Interest expense on deposits
Tax expense/ (benefit)	(227		)	(104		)	(452		)	(164		)	Income tax expense
Net	$	(322	)	$	(147	)	$	(644	)	$	(230	)	Net income attributable to the Company
Total reclassifications for the period, net of tax	$	(589	)	$	(422	)	$	(1,175	)	$	(776	)

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Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income attributable to the Company	$ 36,393	$ 38,373
Adjustments to arrive at net income from continuing operations [Abstract]
Net income attributable to noncontrolling interests	2,492	2,261
Less: Net income from discontinued operations	(3,640)	(3,378)
Net income from continuing operations	35,245	37,256
Adjustments to reconcile net income from continuing operations to net cash provided by/(used in) operating activities:
Depreciation and amortization	11,391	9,193
Net income attributable to noncontrolling interests	(2,492)	(2,261)
Equity issued as compensation	4,399	2,578
Provision/ (credit) for loan losses	(2,500)	(6,200)
Loans originated for sale	(89,008)	(22,033)
Proceeds from sale of loans held for sale	77,260	25,497
Deferred income tax expense/ (benefit)	1,300	2,684
Net decrease/ (increase) in other operating activities	(20,254)	(8,588)
Net cash provided by/ (used in) operating activities of continuing operations	15,341	38,126
Net cash provided by/ (used in) operating activities of discontinued operations	3,640	3,378
Net cash provided by/ (used in) operating activities	18,981	41,504
Investment securities available for sale:
Purchases	(274,333)	(118,323)
Sales	5,835	5,331
Maturities, redemptions, and principal payments	99,747	123,802
Investment securities held to maturity:
Purchases	0	34,936
Principal payments	12,061	8,155
(Investments)/ distributions in trusts, net	(365)	(300)
(Purchase)/ redemption of Federal Home Loan Banks stock	(3,387)	3,336
Net (increase)/ decrease in portfolio loans	(194,290)	(52,185)
Proceeds from recoveries of loans previously charged-off	5,025	5,320
Proceeds from sale of OREO	0	838
Proceeds from sale of portfolio loans	0	58,568
Capital expenditures	(2,489)	(2,520)
Cash used in other investing activities	0	1,601
Net cash provided by/ (used in) investing activities of continuing operations	(352,196)	(4,515)
Net cash provided by/ (used in) investing activities	(352,196)	(4,515)
Cash flows from financing activities:
Net increase/ (decrease) in deposits	(24,851)	(158,518)
Net increase/ (decrease) in securities sold under agreements to repurchase	(3,836)	34,981
Net increase/ (decrease) in federal funds purchased	100,000	0
Net increase/ (decrease) in short-term Federal Home Loan Bank borrowings	120,000	40,000
Advances of long-term Federal Home Loan Bank borrowings	67,636	20,000
Repayments of long-term Federal Home Loan Bank borrowings	(16,257)	(10,675)
Dividends paid to common shareholders	(14,882)	(12,786)
Dividends paid to preferred shareholders	(1,738)	(1,738)
Tax benefit/ (deficiency) from certain stock compensation awards	95	585
Proceeds from stock option exercises	1,025	1,419
Proceeds from issuance of common stock, net	(569)	(350)
Distributions paid to noncontrolling interests	(2,405)	(2,162)
Other equity adjustments	(513)	(445)
Net cash provided by/ (used in) financing activities of continuing operations	223,705	(89,689)
Net cash provided by/ (used in) financing activities	223,705	(89,689)
Net increase/ (decrease) in cash and cash equivalents	(109,510)	(52,700)
Cash and cash equivalents at beginning of year	172,609	191,881
Cash and cash equivalents at end of period	63,099	139,181
Supplementary schedule of non-cash investing and financing activities:
Cash paid for interest	13,627	15,980
Cash paid for income taxes, net of (refunds received)	23,038	19,368
Net unrealized gain/ (loss) on securities available for sale, net of tax	(1,995)	3,350
Net unrealized gain/ (loss) on cash flow hedges, net of tax	167	(695)
Net unrealized gain/ (loss) on other, net of tax	0	0
Loans transferred into/ (out of) held for sale from/(to) portfolio	0	56,967
Loans charged-off	$ (112)	$ (944)

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Restructuring (Tables)

6 Months Ended

Jun. 30, 2015

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

The following table presents a summary of the restructuring activity for the three and six months ended June 30, 2015 and 2014:

	Severance Charges			Total
	(In thousands)
Accrued charges at December 31, 2014	$	739		$	739
Costs incurred	—			—
Costs paid	(489		)	(489		)
Accrued charges at March 31, 2015	250			250
Costs incurred	220			220
Costs paid	(81		)	(81		)
Accrued charges at June 30, 2015	$	389		$	389
Accrued charges at December 31, 2013	$	33		$	33
Costs incurred	—			—
Costs paid	(33		)	(33		)
Accrued charges at March 31, 2014	—			—
Costs incurred	—			—
Costs paid	—			—
Accrued charges at June 30, 2014	$	—		$	—

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Investments Maturities of HTM Securities (Details) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity Securities		$ 128,258	$ 140,727
Held-to-maturity Securities, Fair Value		129,181	142,339
Mortgage Backed Securities, Other [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity Securities, Debt Maturities, within One Year, Net Carrying Amount		0
Held-to-maturity Securities, Debt Maturities, Next Twelve Months, Fair Value		0
Held-to-maturity Securities, Debt Maturities, after One Through Five Years, Net Carrying Amount		0
Held-to-maturity Securities, Debt Maturities, Year Two Through Five, Fair Value		0
Held-to-maturity Securities, Debt Maturities, after Five Through Ten Years, Net Carrying Amount		0
Held-to-maturity Securities, Debt Maturities, Year Six Through Ten, Fair Value		0
Held-to-maturity Securities, Debt Maturities, after Ten Years, Net Carrying Amount		128,258
Held-to-maturity Securities, Debt Maturities, after Ten Years, Fair Value		129,181
Held-to-maturity Securities	[1]	128,258	140,727
Held-to-maturity Securities, Fair Value	[1]	$ 129,181	$ 142,339

[1] All mortgage-backed securities are guaranteed by U.S. government agencies or Government-sponsored entities.

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Loan Portfolio and Credit Quality TDR Loans Restructured or Defaulted in Period (Details) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2015 USD ($) Loans		Jun. 30, 2014 USD ($) Loans		Jun. 30, 2015 USD ($) Loans		Jun. 30, 2014 USD ($) Loans		Dec. 31, 2014 USD ($)
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 38,800				$ 38,800				$ 44,800
Financing Receivable, Modifications, Number of Contracts | Loans	4		2		10		3
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 5,547		$ 115		$ 5,929		$ 287
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 5,556		$ 115		$ 5,938		$ 296
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | Loans	0		0		0		2
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	$ 0		$ 0		$ 0		$ 145
Accruing Troubled Debt Restructured Loans [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 25,300				$ 25,300				$ 24,300
Commercial and industrial [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	1	[1]	0		1	[1]	0
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 1,298	[1]	$ 0		$ 1,298	[1]	$ 0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 1,304	[1]	$ 0		$ 1,304	[1]	$ 0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | Loans	0		0		0		0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	$ 0		$ 0		$ 0		$ 0
Commercial and industrial [Member] | Combination of Concessions [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	1				1
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 1,304				$ 1,304
Commercial real estate [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	1	[2]	0		1	[2]	0
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 4,118	[2]	$ 0		$ 4,118	[2]	$ 0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 4,118	[2]	$ 0		$ 4,118	[2]	$ 0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | Loans	0		0		0		0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	$ 0		$ 0		$ 0		$ 0
Commercial real estate [Member] | Extension of Term [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	1				1
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 4,118				$ 4,118
Construction and land [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0		0		0
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 0		$ 0		$ 0		$ 0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0		$ 0		$ 0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | Loans	0		0		0		0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	$ 0		$ 0		$ 0		$ 0
Residential [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	2	[3]	2	[4]	8	[5]	3	[4]
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 131	[3]	$ 115	[4]	$ 513	[5]	$ 287	[4]
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 134	[3]	$ 115	[4]	$ 516	[5]	$ 296	[4]
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | Loans	0		0		0		2
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	$ 0		$ 0		$ 0		$ 145
Residential [Member] | Temporary Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	1		2		7		3
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 109		$ 115		$ 491		$ 296
Residential [Member] | Payment Deferral [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	1				1
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 25				$ 25
Home equity [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0		0		0
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 0		$ 0		$ 0		$ 0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0		$ 0		$ 0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | Loans	0		0		0		0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	$ 0		$ 0		$ 0		$ 0
Consumer and other [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0		0		0
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 0		$ 0		$ 0		$ 0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0		$ 0		$ 0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | Loans	0		0		0		0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	$ 0		$ 0		$ 0		$ 0

[1] Represents the following concessions: combination of concessions.

[2] Represents the following concessions: extension of term.

[3] Represents the following concessions: temporary reduction of interest rate (1 loan; post-modification recorded investment of $0.1 million); payment deferral (1 loan; post-modification recorded investment of less than $0.1 million).

[4] Represents the following concessions: temporary reduction of interest rate

[5] Represents the following concessions: temporary reduction of interest rate (7 loans; post-modification recorded investment of $0.5 million); payment deferral (1 loan; post-modification recorded investment of less than $0.1 million).

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Consolidated Balance Sheets Statement - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Assets:
Cash and cash equivalents	$ 63,099	$ 172,609
Investment securities available for sale (amortized cost of $992,118 and $826,858 at June 30, 2015 and December 31, 2014, respectively)	992,007	829,993
Investment securities held to maturity (fair value of $129,181 and $142,339 at June 30, 2015 and December 31, 2014, respectively)	128,258	140,727
Stock in Federal Home Loan Banks	35,668	32,281
Loans held for sale	19,512	7,099
Total loans	5,463,250	5,269,936
Less: Allowance for loan losses	78,251	75,838
Net loans	5,384,999	5,194,098
Other real estate owned (“OREO”)	929	929
Premises and equipment, net	31,337	32,199
Goodwill	152,082	152,082
Intangible assets, net	36,461	39,718
Fees receivable	12,486	12,517
Accrued interest receivable	16,383	16,071
Deferred income taxes, net	47,388	47,576
Other assets	125,330	119,975
Total assets	7,045,939	6,797,874
Liabilities:
Deposits	5,429,028	5,453,879
Securities sold under agreements to repurchase	26,660	30,496
Federal funds purchased	100,000	0
Federal Home Loan Bank borrowings	541,529	370,150
Junior subordinated debentures	106,363	106,363
Other liabilities	95,074	112,170
Total liabilities	6,298,654	6,073,058
Redeemable Noncontrolling Interests	19,200	20,905
Stockholders’ Equity:
Preferred stock, $1.00 par value; authorized: 2,000,000 shares; Series D, 6.95% Non-Cumulative Perpetual, issued and outstanding: 50,000 shares at June 30, 2015 and December 31, 2014; liquidation preference: $1,000 per share	47,753	47,753
Common stock, $1.00 par value; authorized: 170,000,000 shares; issued and outstanding: 83,539,785 shares at June 30, 2015 and 82,961,855 shares at December 31, 2014	83,540	82,962
Additional paid-in capital	597,424	610,903
Accumulated deficit	(1,003)	(37,396)
Accumulated other comprehensive income/ (loss)	(2,525)	(697)
Total Company's shareholders’ equity	725,189	703,525
Noncontrolling interests	2,896	386
Total shareholders' equity	728,085	703,911
Total liabilities, redeemable noncontrolling interests and shareholders’ equity	$ 7,045,939	$ 6,797,874

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Fair Value Measurements Fair Value Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2015		Jun. 30, 2014		Jun. 30, 2015		Jun. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	$ 1,448	[1]	$ 4,052	[2]	$ 1,448	[1]	$ 4,052	[2]
Loans Receivable, Fair Value Adjustment	0		(500)		0		(500)
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	0	[1]	0	[2]	0	[1]	0	[2]
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	0	[1]	0	[2]	0	[1]	0	[2]
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	$ 1,448	[1]	$ 4,052	[2]	$ 1,448	[1]	$ 4,052	[2]

[1] Collateral-dependent impaired loans held at June 30, 2015 that had write-downs in fair value or whose specific reserve changed during the first six months of 2015.

[2] Collateral-dependent impaired loans held at June 30, 2014 that had write-downs in fair value or whose specific reserve changed during the first six months of 2014.

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Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Preferred Stock Including Additional Paid in Capital [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest [Member]
Beginning Balance at Dec. 31, 2013	$ 633,688	$ 47,753	$ 79,838	$ 616,334	$ (106,211)	$ (4,197)	$ 171
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to the Company	38,373	0	0	0	38,373	0	0
Other comprehensive income/ (loss), net of tax	(2,655)	0	0	0	0	(2,655)	0
Dividends paid to common shareholders:	(12,786)	0	0	(12,786)	0	0	0
Dividends paid to preferred shareholders	(1,738)	0	0	(1,738)	0	0	0
Net Change in Noncontrolling Interests	61	0	0	0	0	0	61
Net proceeds from issuance of [Abstract]
Net proceeds from issuance of common stock	575	0	61	514	0	0	0
Issuance of shares through incentive stock grants, net of shares forfeited, canceled, or withheld for employee taxes, value	(925)	0	314	(1,239)	0	0	0
Amortization of stock compensation and employee stock purchase plan	2,578	0	0	2,578	0	0	0
Stock options exercised	1,419	0	181	1,238	0	0	0
Tax benefit/ (deficiency) from certain stock compensation awards	585	0	0	585	0	0	0
Other equity adjustments	(1,834)	0	0	(1,834)	0	0	0
Ending Balance at Jun. 30, 2014	662,651	47,753	80,394	603,652	(67,838)	(1,542)	232
Beginning Balance at Dec. 31, 2014	703,911	47,753	82,962	610,903	(37,396)	(697)	386
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to the Company	36,393	0	0	0	36,393	0	0
Other comprehensive income/ (loss), net of tax	1,828	0	0	0	0	1,828	0
Dividends paid to common shareholders:	(14,882)	0	0	(14,882)	0	0	0
Dividends paid to preferred shareholders	(1,738)	0	0	(1,738)	0	0	0
Net Change in Noncontrolling Interests	2,510	0	0	0	0	0	2,510
Net proceeds from issuance of [Abstract]
Net proceeds from issuance of common stock	679	0	59	620	0	0	0
Issuance of shares through incentive stock grants, net of shares forfeited, canceled, or withheld for employee taxes, value	(1,248)	0	390	(1,638)	0	0	0
Amortization of stock compensation and employee stock purchase plan	4,399	0	0	4,399	0	0	0
Stock options exercised	1,025	0	129	896	0	0	0
Tax benefit/ (deficiency) from certain stock compensation awards	95	0	0	95	0	0	0
Other equity adjustments	(1,231)	0	0	(1,231)	0	0	0
Ending Balance at Jun. 30, 2015	$ 728,085	$ 47,753	$ 83,540	$ 597,424	$ (1,003)	$ (2,525)	$ 2,896

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Derivatives and Hedging Activities Accumulated Other Comprehensive Income Related to Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivative [Line Items]
Accumulated other comprehensive income on cash flow hedges, balance at beginning of year	$ (2,432)	$ (1,995)	$ (1,923)	$ (1,763)
Net change in unrealized gain/ (loss) on cash flow hedges	676	(463)	167	(695)
Accumulated other comprehensive income on cash flow hedges, balance at end of period	$ (1,756)	$ (2,458)	$ (1,756)	$ (2,458)

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Earnings Per Share Securities Excluded Due to Exercise Price Exceeding Average Price During Period (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Shares Excluded Due to Exercise Price Exceeding Average Price During Period [Line Items]
Shares Excluded Due to Exercise Price Exceeding Average Price During Period	538	780	585	865
Outstanding Stock Awards [Member]
Shares Excluded Due to Exercise Price Exceeding Average Price During Period [Line Items]
Shares Excluded Due to Exercise Price Exceeding Average Price During Period	538	780	585	865

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Income Taxes Income Taxes Discussion (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent				32.00%	31.90%
Income tax expense	$ 8,000	$ 10,333		$ 16,572	$ 17,471
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate				35.00%	35.00%
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent				7.10%
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent				6.50%
Valuation Allowance, Deferred Tax Asset, Change in Amount			$ 700	$ 700
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount			$ 500	$ 500

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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

The following tables present the computations of basic and diluted EPS:

	Three months ended June 30,						Six months ended June 30,
	2015			2014			2015			2014
(In thousands, except share and per share data)
Basic earnings per share - Numerator:
Net income from continuing operations	$	17,327		$	20,907		$	35,245		$	37,256
Less: Net income attributable to noncontrolling interests	1,263			1,025			2,492			2,261
Net income from continuing operations attributable to the Company	16,064			19,882			32,753			34,995
Decrease/ (increase) in noncontrolling interests’ redemption values (1)	(157		)	(253		)	(251		)	(369		)
Dividends on participating securities	(907		)	(942		)	(1,818		)	(1,887		)
Total adjustments to income attributable to common shareholders	(1,064		)	(1,195		)	(2,069		)	(2,256		)
Net income from continuing operations attributable to common shareholders, before allocation to participating securities	15,000			18,687			30,684			32,739
Less: Amount allocated to participating securities	(28		)	(118		)	(75		)	(218		)
Net income from continuing operations attributable to common shareholders, after allocation to participating securities	$	14,972		$	18,569		$	30,609		$	32,521
Net income from discontinued operations, before allocation to participating securities	$	1,546		$	1,450		$	3,640		$	3,378
Less: Amount allocated to participating securities	(5		)	(14		)	(17		)	(37		)
Net income from discontinued operations, after allocation to participating securities	$	1,541		$	1,436		$	3,623		$	3,341
Net income attributable to common shareholders, before allocation to participating securities	$	16,546		$	20,137		$	34,324		$	36,117
Less: Amount allocated to participating securities	(33		)	(132		)	(92		)	(255		)
Net income attributable to common shareholders, after allocation to participating securities	$	16,513		$	20,005		$	34,232		$	35,862
Basic earnings per share - Denominator:
Weighted average basic common shares outstanding	80,778,562			78,438,636			80,647,191			78,292,721
Per share data - Basic earnings per share from:
Continuing operations	$	0.18		$	0.24		$	0.38		$	0.42
Discontinued operations	$	0.02		$	0.02		$	0.04		$	0.04
Total attributable to common shareholders	$	0.20		$	0.26		$	0.42		$	0.46

	Three months ended June 30,				Six months ended June 30,
	2015		2014		2015		2014
(In thousands, except share and per share data)
Diluted earnings per share - Numerator:
Net income from continuing operations attributable to common shareholders, after allocation to participating securities	$	14,972	$	18,569	$	30,609	$	32,521
Add back: income allocated to dilutive securities	—		—		—		—
Net income from continuing operations attributable to common shareholders, after allocation to participating securities, after assumed dilution	14,972		18,569		30,609		32,521
Net income from discontinued operations, after allocation to participating securities	1,541		1,436		3,623		3,341
Net income attributable to common shareholders, after allocation to participating securities, after assumed dilution	$	16,513	$	20,005	$	34,232	$	35,862
Diluted earnings per share - Denominator:
Weighted average basic common shares outstanding	80,778,562		78,438,636		80,647,191		78,292,721
Dilutive effect of:
Stock options and non-participating performance-based and certain time-based restricted stock (2)	1,009,576		685,683		967,330		693,420
Warrants to purchase common stock (2)	1,250,343		1,174,106		1,214,308		1,172,701
Dilutive common shares	2,259,919		1,859,789		2,181,638		1,866,121
Weighted average diluted common shares outstanding (2)	83,038,481		80,298,425		82,828,829		80,158,842
Per share data - Diluted earnings per share from:
Continuing operations	$	0.18	$	0.23	$	0.37	$	0.41
Discontinued operations	$	0.02	$	0.02	$	0.04	$	0.04
Total attributable to common shareholders	$	0.20	$	0.25	$	0.41	$	0.45
Dividends per share declared and paid on common stock	$	0.09	$	0.08	$	0.18	$	0.16

_____________________

(1) See Part II. Item 8. “Financial Statements and Supplementary Data—Note 14: Noncontrolling Interests” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 for a description of the redemption values related to the redeemable noncontrolling interests. In accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 480, Distinguishing Liabilities from Equity (“ASC 480”), an increase in redemption value from period to period reduces income attributable to common shareholders. Decreases in redemption value from period to period increase income attributable to common shareholders, but only to the extent that the cumulative change in redemption value remains a cumulative increase since adoption of this standard in the first quarter of 2009.

(2) The diluted EPS computations for the three and six months ended June 30, 2015 and 2014 do not assume the conversion, exercise, or contingent issuance of the following shares for the following periods because the result would have been anti-dilutive for the periods indicated. As a result of the anti-dilution, the potential common shares excluded from the diluted EPS computation are as follows:

	Three months ended June 30,		Six months ended June 30,
(In thousands)	2015	2014	2015	2014
Shares excluded due to exercise price exceeding the average market price of common shares during the period (total outstanding):
Potential common shares from:
Stock options, restricted stock, or other dilutive securities	538	780	585	865
Total shares excluded due to exercise price exceeding the average market price of common shares during the period	538	780	585	865

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Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014		Jun. 30, 2015	Jun. 30, 2014		Dec. 31, 2014
Segment Reporting Information [Line Items]
Interest Income (Expense), Net	$ 45,085	$ 46,268		$ 91,157	$ 90,790
Noninterest Income	42,660	34,374		84,005	67,107
Revenues	87,745	80,642		175,162	157,897
Provision/ (credit) for loan losses	0	(5,000)		(2,500)	(6,200)
Noninterest Expense	62,418	54,402		125,845	109,370
Income before income taxes	25,327	31,240		51,817	54,727
Income tax expense	8,000	10,333		16,572	17,471
Net income from continuing operations	17,327	20,907		35,245	37,256
Net income attributable to noncontrolling interests	1,263	1,025		2,492	2,261
Net income from discontinued operations	1,546	1,450		3,640	3,378
Net income attributable to the Company	17,610	21,332		36,393	38,373
Total assets	7,045,939	6,388,823		7,045,939	6,388,823		$ 6,797,874
Assets under Management, Carrying Amount	29,642,000	25,370,000		29,642,000	25,370,000
Amortization of intangibles	1,655	1,045		3,257	2,098
Depreciation	1,652	1,519		3,356	3,190
Private Banking Segment [Member]
Segment Reporting Information [Line Items]
Interest Income (Expense), Net	46,017	47,236		93,007	92,641
Noninterest Income	3,437	3,472		6,221	6,182
Revenues	49,454	50,708		99,228	98,823
Provision/ (credit) for loan losses	0	(5,000)		(2,500)	(6,200)
Noninterest Expense	28,281	27,860		57,086	55,894
Income before income taxes	21,173	27,848		44,642	49,129
Income tax expense	6,848	9,703		14,616	16,815
Net income from continuing operations	14,325	18,145		30,026	32,314
Net income attributable to the Company	14,325	18,145		30,026	32,314
Total assets	6,860,288	6,198,778		6,860,288	6,198,778
Amortization of intangibles	45	60		91	127
Depreciation	1,159	1,322		2,364	2,730
Wealth Management and Trust Segment [Member]
Segment Reporting Information [Line Items]
Noninterest Income	14,647	7,043	[1]	28,604	14,004	[1]
Revenues	14,647	7,043	[1]	28,604	14,004	[1]
Noninterest Expense	12,777	5,310	[1]	25,108	10,920	[1]
Income before income taxes	1,870	1,733	[1]	3,496	3,084	[1]
Income tax expense	806	723	[1]	1,500	1,290	[1]
Net income from continuing operations	1,064	1,010	[1]	1,996	1,794	[1]
Net income attributable to the Company	1,064	1,010	[1]	1,996	1,794	[1]
Total assets	78,480	4,658	[1]	78,480	4,658	[1]
Assets under Management, Carrying Amount	9,028,000	4,716,000	[1]	9,028,000	4,716,000	[1]
Amortization of intangibles	624	0	[1]	1,195	0	[1]
Depreciation	194	21	[1]	381	43	[1]
Investment Managers Segment [Member]
Segment Reporting Information [Line Items]
Interest Income (Expense), Net	5	5		11	11
Noninterest Income	11,739	11,754		23,461	23,216
Revenues	11,744	11,759		23,472	23,227
Noninterest Expense	8,544	9,102		17,230	17,436
Income before income taxes	3,200	2,657		6,242	5,791
Income tax expense	1,040	877		2,042	1,924
Net income from continuing operations	2,160	1,780		4,200	3,867
Net income attributable to noncontrolling interests	620	540		1,257	1,175
Net income attributable to the Company	1,540	1,240		2,943	2,692
Total assets	100,029	101,626		100,029	101,626
Assets under Management, Carrying Amount	10,695,000	10,917,000		10,695,000	10,917,000
Amortization of intangibles	739	739		1,478	1,478
Depreciation	70	63		140	122
Wealth Advisors Segment [Member]
Segment Reporting Information [Line Items]
Interest Income (Expense), Net	2	(32)		4	4
Noninterest Income	12,708	12,040		25,415	23,504
Revenues	12,710	12,008		25,419	23,508
Noninterest Expense	8,720	8,124		17,852	15,907
Income before income taxes	3,990	3,884		7,567	7,601
Income tax expense	1,483	1,509		2,804	2,901
Net income from continuing operations	2,507	2,375		4,763	4,700
Net income attributable to noncontrolling interests	643	486		1,231	1,045
Net income attributable to the Company	1,864	1,889		3,532	3,655
Total assets	76,847	74,203		76,847	74,203
Assets under Management, Carrying Amount	9,941,000	9,760,000		9,941,000	9,760,000
Amortization of intangibles	247	246		493	493
Depreciation	216	82		427	154
Holding Company and Eliminations Segment [Member]
Segment Reporting Information [Line Items]
Interest Income (Expense), Net	(939)	(941)		(1,865)	(1,866)
Noninterest Income	129	65		304	201
Revenues	(810)	(876)		(1,561)	(1,665)
Noninterest Expense	4,096	4,006		8,569	9,213
Income before income taxes	(4,906)	(4,882)		(10,130)	(10,878)
Income tax expense	(2,177)	(2,479)		(4,390)	(5,459)
Net income from continuing operations	(2,729)	(2,403)		(5,740)	(5,419)
Net income attributable to noncontrolling interests	0	(1)		4	41
Net income from discontinued operations	1,546	1,450		3,640	3,378
Net income attributable to the Company	(1,183)	(952)		(2,104)	(2,082)
Total assets	(69,705)	9,558		(69,705)	9,558
Assets under Management, Carrying Amount	(22,000)	(23,000)		(22,000)	(23,000)
Depreciation	$ 13	$ 31		$ 44	$ 141

[1] Financial data for the Wealth Management and Trust segment includes the trust and wealth management operations of Boston Private Bank only prior to the October 2, 2014 acquisition of Banyan.

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Investments (Tables)

6 Months Ended

Jun. 30, 2015

Investments [Abstract]

Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

The following table presents a summary of investment securities:

	Amortized Cost		Unrealized					Fair Value
			Gains		Losses
	(In thousands)
As of June 30, 2015
Available for sale securities at fair value:
U.S. government and agencies	$	21,600	$	145	$	(45	)	$	21,700
Government-sponsored entities	294,192		1,921		(136		)	295,977
Municipal bonds	254,444		2,431		(1,261		)	255,614
Mortgage-backed securities (1)	404,778		1,762		(5,228		)	401,312
Other	17,104		322		(22		)	17,404
Total	$	992,118	$	6,581	$	(6,692	)	$	992,007
Held to maturity securities at amortized cost:
Mortgage-backed securities (1)	$	128,258	$	1,112	$	(189	)	$	129,181
Total	$	128,258	$	1,112	$	(189	)	$	129,181
As of December 31, 2014
Available for sale securities at fair value:
U.S. government and agencies	$	16,894	$	32	$	(44	)	$	16,882
Government-sponsored entities	273,538		983		(268		)	274,253
Municipal bonds	232,415		3,268		(435		)	235,248
Mortgage-backed securities (1)	284,403		2,191		(2,890		)	283,704
Other	19,608		309		(11		)	19,906
Total	$	826,858	$	6,783	$	(3,648	)	$	829,993
Held to maturity securities at amortized cost:
Mortgage-backed securities (1)	$	140,727	$	1,638	$	(26	)	$	142,339
Total	$	140,727	$	1,638	$	(26	)	$	142,339

___________________

(1)  All mortgage-backed securities are guaranteed by U.S. government agencies or Government-sponsored entities.

Investments Classified by Contractual Maturity Date [Table Text Block]

The following table presents the maturities of investment securities available for sale, based on contractual maturity, as of June 30, 2015. Certain securities are callable before their final maturity. Additionally, certain securities (such as mortgage-backed securities) are shown within the table below based on their final (contractual) maturity, but due to prepayments and amortization are expected to have shorter lives.

	Available for Sale Securities
	Amortized cost		Fair value
	(In thousands)
Within one year	$	78,917	$	79,375
After one, but within five years	379,714		382,006
After five, but within ten years	73,365		74,133
Greater than ten years	460,122		456,493
Total	$	992,118	$	992,007

The following table presents the maturities of investment securities held to maturity, based on contractual maturity, as of June 30, 2015.

	Held to Maturity Securities
	Amortized cost		Fair value
	(In thousands)
Within one year	$	—	$	—
After one, but within five years	—		—
After five, but within ten years	—		—
Greater than ten years	128,258		129,181
Total	$	128,258	$	129,181

Realized Gain (Loss) on Investments [Table Text Block]

The following table presents the proceeds from sales, gross realized gains and gross realized losses for securities available for sale that were sold during the following periods:

	Three months ended June 30,				Six months ended June 30,
	2015		2014		2015		2014
	(In thousands)
Proceeds from sales	$	820	$	3	$	5,835	$	5,331
Realized gains	8		—		16		1
Realized losses	—		—		—		—

Schedule of Unrealized Loss on Investments [Table Text Block]

The following table presents information regarding securities as of June 30, 2015 having temporary impairment, due to the fair values having declined below the amortized cost of the individual securities, and the time period that the investments have been temporarily impaired.

	Less than 12 months					12 months or longer					Total
	Fair value		Unrealized losses			Fair value		Unrealized losses			Fair value		Unrealized losses			# of securities
Available for sale securities	(In thousands)
U.S. government and agencies	$	5,663	$	(17	)	$	588	$	(28	)	$	6,251	$	(45	)	3
Government-sponsored entities	32,923		(94		)	29,083		(42		)	62,006		(136		)	5
Municipal bonds	100,220		(1,195		)	3,660		(66		)	103,880		(1,261		)	59
Mortgage-backed securities	248,767		(3,118		)	76,819		(2,110		)	325,586		(5,228		)	55
Other	85		(4		)	36		(18		)	121		(22		)	13
Total	$	387,658	$	(4,428	)	$	110,186	$	(2,264	)	$	497,844	$	(6,692	)	135
Held to maturity securities
Mortgage-backed securities	$	19,722	$	(189	)	$	—	$	—		$	19,722	$	(189	)	2
Total	$	19,722	$	(189	)	$	—	$	—		$	19,722	$	(189	)	2

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Noncontrolling Interests Noncontrolling Interests - Text Details (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Noncontrolling Interest [Abstract]
Net income attributable to noncontrolling interests	$ 1,263	$ 1,025	$ 2,492	$ 2,261
Redeemable Noncontrolling Interest, Equity, Carrying Amount	19,200		19,200		$ 20,905
Nonredeemable Noncontrolling Interest	$ 2,896		$ 2,896		$ 386

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Consolidated Statements of Stockholders' Equity Parentheticals - $ / shares	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Common Stock, Dividends, Per Share, Cash Paid	$ 0.18	$ 0.16
Shares of common stock issued	59,315	61,440
Stock Issued During Period, Shares, Share-based Compensation, Gross	622,523	450,960
Stock Issued During Period, Shares, Share-based Compensation, Forfeited	(132,067)	(63,804)
Shares of stock withheld for employee taxes	(100,148)	(73,230)

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Consolidated Balance Sheets Parentheticals - Major Types of Debt and Equity Securities [Domain] - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Investment securities available for sale at amortized cost	$ 992,118	$ 826,858
Investment securities held to maturity at fair value	$ 129,181	$ 142,339
Preferred Stock, Par or Stated Value Per Share	$ 1.00	$ 1.00
Preferred Stock, Shares Authorized	2,000,000	2,000,000
Common Stock, Par or Stated Value Per Share	$ 1.00	$ 1.00
Common Stock, Shares Authorized	170,000,000	170,000,000
Common Stock, Shares, Issued	83,539,785	82,961,855
Common Stock, Shares, Outstanding	83,539,785	82,961,855
Series D Preferred Stock [Member]
Preferred Stock, Shares Issued	50,000	50,000
Preferred Stock, Shares Outstanding	50,000	50,000
Preferred Stock, Liquidation Preference Per Share	$ 1,000	$ 1,000

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Income Taxes

6 Months Ended

Jun. 30, 2015

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

Income Taxes

The following table presents the components of income tax expense for continuing operations, discontinued operations, noncontrolling interests and the Company:

	Six months ended June 30,
	2015			2014
	(In thousands)
Income from continuing operations:
Income before income taxes	$	51,817		$	54,727
Income tax expense	16,572			17,471
Net income from continuing operations	$	35,245		$	37,256
Effective tax rate, continuing operations	32.0		%	31.9		%
Income from discontinued operations:
Income before income taxes	$	6,227		$	6,048
Income tax expense	2,587			2,670
Net income from discontinued operations	$	3,640		$	3,378
Effective tax rate, discontinued operations	41.5		%	44.1		%
Less: Income attributable to noncontrolling interests:
Income before income taxes	$	2,492		$	2,261
Income tax expense	—			—
Net income attributable to noncontrolling interests	$	2,492		$	2,261
Effective tax rate, noncontrolling interests	—		%	—		%
Income attributable to the Company
Income before income taxes	$	55,552		$	58,514
Income tax expense	19,159			20,141
Net income attributable to the Company	$	36,393		$	38,373
Effective tax rate attributable to the Company	34.5		%	34.4		%

The effective tax rate for continuing operations for the six months ended June 30, 2015 of 32.0%, with related tax expense of $16.6 million, was calculated based on a projected 2015 annual effective tax rate. The effective tax rate was less than the statutory rate of 35% due primarily to earnings from tax-exempt investments, income tax credits, and income attributable to noncontrolling interests. These items were partially offset by state and local income taxes.

The effective tax rate for continuing operations for the six months ended June 30, 2014 of 31.9%, with related tax expense of $17.5 million, was calculated based on a projected 2014 annual effective tax rate. The effective tax rate was less than the statutory rate of 35% due primarily to earnings from tax-exempt investments, income tax credits, and income attributable to noncontrolling interests. These items were partially offset by state and local income taxes.

On April 13, 2015, New York City enacted legislation that requires corporations that are engaged in unitary business operations to file combined returns with their affiliates for tax years beginning on or after January 1, 2015. Starting in 2015, all of the Company's affiliates will be included in the Company's New York City tax return instead of just those affiliates with a nexus to New York City. The Company incorporated the impact of these New York City law changes in the quarter ended June 30, 2015, the quarter in which the law was enacted. The Company adjusted the New York City apportionment percentages for purposes of measuring deferred tax assets and liabilities that will reverse after the effective date. As a result of these New York City law changes, the value of the New York City net deferred tax asset increased by $0.7 million, which decreased tax expense by $0.5 million, net of federal tax benefit, as of June 30, 2015. The impact of these New York City law changes may result in an increase in the Company’s New York City tax expense starting in 2015.

On March 31, 2014, New York State enacted legislation that requires corporations that are engaged in unitary business operations to file combined returns with their affiliates for tax years beginning on or after January 1, 2015. Starting in 2015, all of the Company's affiliates will be included in the Company's New York state tax return instead of just those affiliates with a nexus to New York State. In addition, the New York state tax rate will be reduced from 7.1% to 6.5% for tax years beginning on or after January 1, 2016. The Company reflected the impact of these New York state law changes in the quarter ended March 31, 2014, the quarter in which the law was enacted. The Company adjusted the New York state applicable tax rate and apportionment percentages for purposes of measuring deferred tax assets and liabilities that will reverse after the effective date. As a result of these New York state law changes, the value of the New York state net deferred tax asset increased by $0.7 million, which decreased tax expense by $0.5 million, net of federal tax benefit, as of March 31, 2014. The impact of these New York state law changes may result in an increase in the Company’s New York state tax expense starting in 2015.

Contingent consideration related to the 2009 divestiture of certain affiliates, primarily related to the revenue sharing agreement with Westfield Capital Management Company, LLC, is reflected under “discontinued operations” in the table above. The profits and losses attributable to owners other than the Company are reflected under “noncontrolling interests” in the table above.

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Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2015	Aug. 01, 2015
Document Information [Line Items]
Entity Registrant Name	BOSTON PRIVATE FINANCIAL HOLDINGS INC
Entity Central Index Key	0000821127
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		83,574,270

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Noncontrolling Interests

6 Months Ended

Jun. 30, 2015

Noncontrolling Interest [Abstract]

Noncontrolling Interest Disclosure [Text Block]

Noncontrolling Interests

At the Company, noncontrolling interests typically consist of equity owned by management of the Company’s respective majority-owned affiliates. Net income attributable to noncontrolling interests in the consolidated statements of operations represents the net income allocated to the noncontrolling interest owners of the affiliates. Net income allocated to the noncontrolling interest owners was $1.3 million and $1.0 million for the three month periods ended June 30, 2015 and 2014, respectively, and $2.5 million and $2.3 million for the six month periods ended June 30, 2015 and 2014, respectively.

On the consolidated balance sheets, noncontrolling interests are included as the sum of the capital and undistributed profits allocated to the noncontrolling interest owners. Typically, this balance is included in a company’s permanent shareholders’ equity in the consolidated balance sheets. When the noncontrolling interest owners’ rights include certain redemption features, as described in ASC 480, Distinguishing Liabilities from Equity, such redeemable noncontrolling interests are classified as mezzanine equity and are not included in permanent shareholders’ equity. Due to the redemption features of the noncontrolling interests, the Company had redeemable noncontrolling interests held in mezzanine equity in the accompanying consolidated balance sheets of $19.2 million and $20.9 million at June 30, 2015 and December 31, 2014, respectively. The aggregate amount of such redeemable noncontrolling equity interests are recorded at the estimated maximum redemption values. In addition, the Company had $2.9 million and $0.4 million in noncontrolling interests included in permanent shareholder’s equity at June 30, 2015 and December 31, 2014, respectively.

Each non-wholly owned affiliate operating agreement provides the Company and/or the noncontrolling interests with contingent call or put redemption features used for the orderly transfer of noncontrolling equity interests between the affiliate noncontrolling interest owners and the Company at either a contractually predetermined fair value; multiple of earnings before interest, taxes, depreciation, and amortization (EBITDA); or fair value. The Company may liquidate these noncontrolling interests in cash, shares of the Company’s common stock, or other forms of consideration dependent on the operating agreement. These agreements are discussed in Part II. Item 8. “Financial Statements and Supplementary Data – Note 14: Noncontrolling Interests” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

Generally, these put and call redemption features refer to shareholder rights of both the Company and the noncontrolling interest owners of the Company’s majority-owned affiliate companies. The affiliate company noncontrolling interests generally take the form of limited liability companies (LLC) units, profits interests, or common stock (collectively, the “noncontrolling equity interests”). In most circumstances, the put and call redemption features generally relate to the Company’s right and, in some cases, obligation to purchase and the noncontrolling equity interests’ right to sell their equity interests. There are various events that could cause the puts or calls to be exercised, such as a change in control, death, disability, retirement, resignation or termination. The puts and calls are generally to be exercised at the then fair value or a contractually agreed upon approximation thereof. The terms of these rights vary and are governed by the respective individual operating and legal documents.

The following table presents, by affiliate, the noncontrolling interests included as redeemable noncontrolling interests and noncontrolling interests in mezzanine and permanent equity, respectively, at the periods indicated:

	June 30, 2015		December 31, 2014
	(In thousands)
Anchor	$	11,611	$	11,929
BOS	6,941		6,069
DGHM (1)	3,544		3,293
Total	$	22,096	$	21,291
Redeemable noncontrolling interests	$	19,200	$	20,905
Noncontrolling interests	$	2,896	$	386

______________

(1)    Only includes redeemable noncontrolling interests.

The following table presents a rollforward of the Company’s redeemable noncontrolling interests and noncontrolling interests for the periods indicated:

	Three months ended						Six months ended
	June 30, 2015						June 30, 2015
	Redeemable noncontrolling interests			Noncontrolling interests			Redeemable noncontrolling interests			Noncontrolling interests
	(In thousands)
Noncontrolling interests at beginning of period	$	19,911		$	2,601		$	20,905		$	386
Net income attributable to noncontrolling interests	984			279			2,064			428
Distributions	(1,098		)	(116		)	(2,153		)	(252		)
Purchases/ (sales) of ownership interests	(1,503		)	—			(1,503		)	419
Transfers of ownership interests from mezzanine to permanent equity	—			—			(1,652		)	1,652
Amortization of equity compensation	—			118			—			236
Adjustments to fair value	906			14			1,539			27
Noncontrolling interests at end of period	$	19,200		$	2,896		$	19,200		$	2,896

	Three months ended						Six months ended
	June 30, 2014						June 30, 2014
	Redeemable noncontrolling interests			Noncontrolling interests			Redeemable noncontrolling interests			Noncontrolling interests
	(In thousands)
Noncontrolling interests at beginning of period	$	20,774		$	110		$	19,468		$	171
Net income attributable to noncontrolling interests	992			33			2,196			65
Distributions	(1,008		)	(44		)	(2,069		)	(177		)
Purchases/ (sales) of ownership interests	(473		)	126			(473		)	126
Amortization of equity compensation	—			24			—			48
Adjustments to fair value	610			(17		)	1,773			(1		)
Noncontrolling interests at end of period	$	20,895		$	232		$	20,895		$	232

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Consolidated Statements of Operations - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Interest and dividend income:
Loans		$ 46,663	$ 49,396	$ 94,663	$ 96,610
Taxable investment securities		1,075	730	2,070	1,366
Non-taxable investment securities		1,125	914	2,146	1,818
Mortgage-backed securities		2,775	1,689	5,389	3,625
Federal funds sold and other		282	253	516	599
Total interest and dividend income		51,920	52,982	104,784	104,018
Interest expense:
Deposits		3,822	3,375	7,714	6,591
Federal Home Loan Bank borrowings		2,017	2,359	3,948	4,685
Junior subordinated debentures		967	965	1,923	1,920
Repurchase agreements and other short-term borrowings		29	15	42	32
Total interest expense		6,835	6,714	13,627	13,228
Net interest income		45,085	46,268	91,157	90,790
Provision/ (credit) for loan losses		0	(5,000)	(2,500)	(6,200)
Net interest income after provision/ (credit) for loan losses		45,085	51,268	93,657	96,990
Fees and other income:
Investment management fees		11,731	11,754	23,445	23,215
Wealth advisory fees		12,678	11,979	25,353	23,452
Wealth management and trust fees		13,545	7,043	27,103	14,004
Other banking fee income		2,031	1,677	3,941	3,357
Gain on sale of loans, net		362	1,694	665	1,783
Gain on sale of investments, net		8	0	16	1
Gain/ (loss) on OREO, net		0	19	89	838
Other		2,305	208	3,393	457
Total fees and other income		42,660	34,374	84,005	67,107
Operating expense:
Salaries and employee benefits		39,816	34,338	81,943	70,912
Occupancy and equipment		9,095	7,349	18,130	15,146
Professional services		3,214	3,526	6,235	6,369
Marketing and business development		1,706	2,730	3,054	4,156
Contract services and data processing		1,495	1,447	2,932	2,885
Amortization of intangibles		1,655	1,045	3,257	2,098
FDIC insurance		963	854	1,974	1,750
Restructuring		220	0	220	0
Other		4,254	3,113	8,100	6,054
Total operating expense		62,418	54,402	125,845	109,370
Income before income taxes		25,327	31,240	51,817	54,727
Income tax expense		8,000	10,333	16,572	17,471
Net income from continuing operations		17,327	20,907	35,245	37,256
Net income from discontinued operations		1,546	1,450	3,640	3,378
Net income before attrubution to noncontrolling interests		18,873	22,357	38,885	40,634
Less: Net income attributable to noncontrolling interests		1,263	1,025	2,492	2,261
Net income attributable to the Company		17,610	21,332	36,393	38,373
Adjustments to net income attributable to the Company to arrive at net income attributable to common shareholders		1,097	1,327	2,161	2,511
Net income attributable to common shareholders for earnings per share calculation		$ 16,513	$ 20,005	$ 34,232	$ 35,862
Basic earnings per share attributable to common shareholders:
From continuing operations:		$ 0.18	$ 0.24	$ 0.38	$ 0.42
From discontinued operations:		0.02	0.02	0.04	0.04
Total attributable to common shareholders:		0.20	0.26	0.42	0.46
Diluted earnings per share attributable to common shareholders:
From continuing operations:		0.18	0.23	0.37	0.41
From discontinued operations:		0.02	0.02	0.04	0.04
Total attributable to common shareholders:		$ 0.20	$ 0.25	$ 0.41	$ 0.45
Common Stock [Member]
Basic earnings per share attributable to common shareholders:
Weighted average basic common shares outstanding		80,778,562	78,438,636	80,647,191	78,292,721
Diluted earnings per share attributable to common shareholders:
Weighted average diluted common shares outstanding	[1]	83,038,481	80,298,425	82,828,829	80,158,842

[1] The diluted EPS computations for the three and six months ended June 30, 2015 and 2014 do not assume the conversion, exercise, or contingent issuance of the following shares for the following periods because the result would have been anti-dilutive for the periods indicated. As a result of the anti-dilution, the potential common shares excluded from the diluted EPS computation are as follows: Three months ended June 30, Six months ended June 30,(In thousands)2015 2014 2015 2014Shares excluded due to exercise price exceeding the average market price of common shares during the period (total outstanding): Potential common shares from: Stock options, restricted stock, or other dilutive securities538 780 585 865Total shares excluded due to exercise price exceeding the average market price of common shares during the period538 780 585 865

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Investments

6 Months Ended

Jun. 30, 2015

Investments [Abstract]

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

    Investments

The following table presents a summary of investment securities:

	Amortized Cost		Unrealized					Fair Value
			Gains		Losses
	(In thousands)
As of June 30, 2015
Available for sale securities at fair value:
U.S. government and agencies	$	21,600	$	145	$	(45	)	$	21,700
Government-sponsored entities	294,192		1,921		(136		)	295,977
Municipal bonds	254,444		2,431		(1,261		)	255,614
Mortgage-backed securities (1)	404,778		1,762		(5,228		)	401,312
Other	17,104		322		(22		)	17,404
Total	$	992,118	$	6,581	$	(6,692	)	$	992,007
Held to maturity securities at amortized cost:
Mortgage-backed securities (1)	$	128,258	$	1,112	$	(189	)	$	129,181
Total	$	128,258	$	1,112	$	(189	)	$	129,181
As of December 31, 2014
Available for sale securities at fair value:
U.S. government and agencies	$	16,894	$	32	$	(44	)	$	16,882
Government-sponsored entities	273,538		983		(268		)	274,253
Municipal bonds	232,415		3,268		(435		)	235,248
Mortgage-backed securities (1)	284,403		2,191		(2,890		)	283,704
Other	19,608		309		(11		)	19,906
Total	$	826,858	$	6,783	$	(3,648	)	$	829,993
Held to maturity securities at amortized cost:
Mortgage-backed securities (1)	$	140,727	$	1,638	$	(26	)	$	142,339
Total	$	140,727	$	1,638	$	(26	)	$	142,339

___________________

(1)  All mortgage-backed securities are guaranteed by U.S. government agencies or Government-sponsored entities.

The following table presents the maturities of investment securities available for sale, based on contractual maturity, as of June 30, 2015. Certain securities are callable before their final maturity. Additionally, certain securities (such as mortgage-backed securities) are shown within the table below based on their final (contractual) maturity, but due to prepayments and amortization are expected to have shorter lives.

	Available for Sale Securities
	Amortized cost		Fair value
	(In thousands)
Within one year	$	78,917	$	79,375
After one, but within five years	379,714		382,006
After five, but within ten years	73,365		74,133
Greater than ten years	460,122		456,493
Total	$	992,118	$	992,007

The following table presents the maturities of investment securities held to maturity, based on contractual maturity, as of June 30, 2015.

	Held to Maturity Securities
	Amortized cost		Fair value
	(In thousands)
Within one year	$	—	$	—
After one, but within five years	—		—
After five, but within ten years	—		—
Greater than ten years	128,258		129,181
Total	$	128,258	$	129,181

The following table presents the proceeds from sales, gross realized gains and gross realized losses for securities available for sale that were sold during the following periods:

	Three months ended June 30,				Six months ended June 30,
	2015		2014		2015		2014
	(In thousands)
Proceeds from sales	$	820	$	3	$	5,835	$	5,331
Realized gains	8		—		16		1
Realized losses	—		—		—		—

The following table presents information regarding securities as of June 30, 2015 having temporary impairment, due to the fair values having declined below the amortized cost of the individual securities, and the time period that the investments have been temporarily impaired.

	Less than 12 months					12 months or longer					Total
	Fair value		Unrealized losses			Fair value		Unrealized losses			Fair value		Unrealized losses			# of securities
Available for sale securities	(In thousands)
U.S. government and agencies	$	5,663	$	(17	)	$	588	$	(28	)	$	6,251	$	(45	)	3
Government-sponsored entities	32,923		(94		)	29,083		(42		)	62,006		(136		)	5
Municipal bonds	100,220		(1,195		)	3,660		(66		)	103,880		(1,261		)	59
Mortgage-backed securities	248,767		(3,118		)	76,819		(2,110		)	325,586		(5,228		)	55
Other	85		(4		)	36		(18		)	121		(22		)	13
Total	$	387,658	$	(4,428	)	$	110,186	$	(2,264	)	$	497,844	$	(6,692	)	135
Held to maturity securities
Mortgage-backed securities	$	19,722	$	(189	)	$	—	$	—		$	19,722	$	(189	)	2
Total	$	19,722	$	(189	)	$	—	$	—		$	19,722	$	(189	)	2

The U.S. government and agencies securities, government-sponsored entities securities and mortgage-backed securities in the table above as of June 30, 2015 had Standard and Poor’s credit ratings of AA+. The municipal bonds in the table above had Standard and Poor’s credit ratings of at least AA-.  Two of the U.S. government and agencies securities and two of the municipal bonds in the table above were not rated by Standard and Poor’s or Moody’s. The other securities consisted of equity securities.

As of June 30, 2015, the amount of investment securities in an unrealized loss position greater than 12 months, as well as in total, was primarily due to movements in interest rates. The Company has no intent to sell any securities in an unrealized loss position as of June 30, 2015 and it is not more likely than not that the Company would be forced to sell any of these securities prior to the full recovery of all unrealized loss amounts.

Cost method investments, which are included in other assets, can be temporarily impaired when the fair values decline below the amortized costs of the individual investments. There were no cost method investments with unrealized losses as of June 30, 2015 or December 31, 2014. The Company’s cost method investments primarily include low income housing partnerships which generate tax credits. The Company also holds partnership interests in venture capital funds formed to provide financing to small businesses and to promote community development. The Company had $24.4 million and $27.0 million in cost method investments included in other assets as of June 30, 2015 and December 31, 2014, respectively.

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Reportable Segments

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2015 and 2014. Interest expense on junior subordinated debentures is reported at the Holding Company.

	Three months ended June 30,					Six months ended June 30,
	2015		2014			2015			2014
Private Banking	(In thousands)
Net interest income	$	46,017	$	47,236		$	93,007		$	92,641
Fees and other income	3,437		3,472			6,221			6,182
Total revenues	49,454		50,708			99,228			98,823
Provision/ (credit) for loan losses	—		(5,000		)	(2,500		)	(6,200		)
Operating expense	28,281		27,860			57,086			55,894
Income before income taxes	21,173		27,848			44,642			49,129
Income tax expense	6,848		9,703			14,616			16,815
Net income from continuing operations	14,325		18,145			30,026			32,314
Net income attributable to the Company	$	14,325	$	18,145		$	30,026		$	32,314
Assets	$	6,860,288	$	6,198,778		$	6,860,288		$	6,198,778
Amortization of intangibles	$	45	$	60		$	91		$	127
Depreciation	$	1,159	$	1,322		$	2,364		$	2,730

	Three months ended June 30,				Six months ended June 30,
	2015		2014 (1)		2015		2014 (1)
Wealth Management and Trust	(In thousands)
Fees and other income	$	14,647	$	7,043	$	28,604	$	14,004
Total revenues	14,647		7,043		28,604		14,004
Operating expense	12,777		5,310		25,108		10,920
Income before income taxes	1,870		1,733		3,496		3,084
Income tax expense	806		723		1,500		1,290
Net income from continuing operations	1,064		1,010		1,996		1,794
Net income attributable to the Company	$	1,064	$	1,010	$	1,996	$	1,794
Assets	$	78,480	$	4,658	$	78,480	$	4,658
AUM	$	9,028,000	$	4,716,000	$	9,028,000	$	4,716,000
Amortization of intangibles	$	624	$	—	$	1,195	$	—
Depreciation	$	194	$	21	$	381	$	43

	Three months ended June 30,				Six months ended June 30,
	2015		2014		2015		2014
Investment Management	(In thousands)
Net interest income	$	5	$	5	$	11	$	11
Fees and other income	11,739		11,754		23,461		23,216
Total revenues	11,744		11,759		23,472		23,227
Operating expense	8,544		9,102		17,230		17,436
Income before income taxes	3,200		2,657		6,242		5,791
Income tax expense	1,040		877		2,042		1,924
Net income from continuing operations	2,160		1,780		4,200		3,867
Noncontrolling interests	620		540		1,257		1,175
Net income attributable to the Company	$	1,540	$	1,240	$	2,943	$	2,692
Assets	$	100,029	$	101,626	$	100,029	$	101,626
AUM	$	10,695,000	$	10,917,000	$	10,695,000	$	10,917,000
Amortization of intangibles	$	739	$	739	$	1,478	$	1,478
Depreciation	$	70	$	63	$	140	$	122

	Three months ended June 30,					Six months ended June 30,
	2015		2014			2015		2014
Wealth Advisory	(In thousands)
Net interest income	$	2	$	(32	)	$	4	$	4
Fees and other income	12,708		12,040			25,415		23,504
Total revenues	12,710		12,008			25,419		23,508
Operating expense	8,720		8,124			17,852		15,907
Income before income taxes	3,990		3,884			7,567		7,601
Income tax expense	1,483		1,509			2,804		2,901
Net income from continuing operations	2,507		2,375			4,763		4,700
Noncontrolling interests	643		486			1,231		1,045
Net income attributable to the Company	$	1,864	$	1,889		$	3,532	$	3,655
Assets	$	76,847	$	74,203		$	76,847	$	74,203
AUM	$	9,941,000	$	9,760,000		$	9,941,000	$	9,760,000
Amortization of intangibles	$	247	$	246		$	493	$	493
Depreciation	$	216	$	82		$	427	$	154

	Three months ended June 30,						Six months ended June 30,
	2015			2014			2015			2014
Holding Company and Eliminations	(In thousands)
Net interest income	$	(939	)	$	(941	)	$	(1,865	)	$	(1,866	)
Fees and other income	129			65			304			201
Total revenues	(810		)	(876		)	(1,561		)	(1,665		)
Operating expense	4,096			4,006			8,569			9,213
Income/ (loss) before income taxes	(4,906		)	(4,882		)	(10,130		)	(10,878		)
Income tax expense/(benefit)	(2,177		)	(2,479		)	(4,390		)	(5,459		)
Net income/(loss) from continuing operations	(2,729		)	(2,403		)	(5,740		)	(5,419		)
Noncontrolling interests	—			(1		)	4			41
Discontinued operations	1,546			1,450			3,640			3,378
Net income/(loss) attributable to the Company	$	(1,183	)	$	(952	)	$	(2,104	)	$	(2,082	)
Assets	$	(69,705	)	$	9,558		$	(69,705	)	$	9,558
AUM	$	(22,000	)	$	(23,000	)	$	(22,000	)	$	(23,000	)
Depreciation	$	13		$	31		$	44		$	141

	Three months ended June 30,					Six months ended June 30,
	2015		2014			2015			2014
Total Company	(In thousands)
Net interest income	$	45,085	$	46,268		$	91,157		$	90,790
Fees and other income	42,660		34,374			84,005			67,107
Total revenues	87,745		80,642			175,162			157,897
Provision/ (credit) for loan losses	—		(5,000		)	(2,500		)	(6,200		)
Operating expense	62,418		54,402			125,845			109,370
Income before income taxes	25,327		31,240			51,817			54,727
Income tax expense	8,000		10,333			16,572			17,471
Net income from continuing operations	17,327		20,907			35,245			37,256
Noncontrolling interests	1,263		1,025			2,492			2,261
Discontinued operations	1,546		1,450			3,640			3,378
Net income attributable to the Company	$	17,610	$	21,332		$	36,393		$	38,373
Assets	$	7,045,939	$	6,388,823		$	7,045,939		$	6,388,823
AUM	$	29,642,000	$	25,370,000		$	29,642,000		$	25,370,000
Amortization of intangibles	$	1,655	$	1,045		$	3,257		$	2,098
Depreciation	$	1,652	$	1,519		$	3,356		$	3,190

____________

(1)    Financial data for the Wealth Management and Trust segment includes the trust and wealth management operations of Boston Private Bank only prior to the October 2, 2014 acquisition of Banyan.

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Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following tables present a reconciliation of the revenues, profits, assets, and other significant items of reportable segments as of and for the three and six months ended June 30, 2015 and 2014. Interest expense on junior subordinated debentures is reported at the Holding Company.

	Three months ended June 30,					Six months ended June 30,
	2015		2014			2015			2014
Private Banking	(In thousands)
Net interest income	$	46,017	$	47,236		$	93,007		$	92,641
Fees and other income	3,437		3,472			6,221			6,182
Total revenues	49,454		50,708			99,228			98,823
Provision/ (credit) for loan losses	—		(5,000		)	(2,500		)	(6,200		)
Operating expense	28,281		27,860			57,086			55,894
Income before income taxes	21,173		27,848			44,642			49,129
Income tax expense	6,848		9,703			14,616			16,815
Net income from continuing operations	14,325		18,145			30,026			32,314
Net income attributable to the Company	$	14,325	$	18,145		$	30,026		$	32,314
Assets	$	6,860,288	$	6,198,778		$	6,860,288		$	6,198,778
Amortization of intangibles	$	45	$	60		$	91		$	127
Depreciation	$	1,159	$	1,322		$	2,364		$	2,730

	Three months ended June 30,				Six months ended June 30,
	2015		2014 (1)		2015		2014 (1)
Wealth Management and Trust	(In thousands)
Fees and other income	$	14,647	$	7,043	$	28,604	$	14,004
Total revenues	14,647		7,043		28,604		14,004
Operating expense	12,777		5,310		25,108		10,920
Income before income taxes	1,870		1,733		3,496		3,084
Income tax expense	806		723		1,500		1,290
Net income from continuing operations	1,064		1,010		1,996		1,794
Net income attributable to the Company	$	1,064	$	1,010	$	1,996	$	1,794
Assets	$	78,480	$	4,658	$	78,480	$	4,658
AUM	$	9,028,000	$	4,716,000	$	9,028,000	$	4,716,000
Amortization of intangibles	$	624	$	—	$	1,195	$	—
Depreciation	$	194	$	21	$	381	$	43

	Three months ended June 30,				Six months ended June 30,
	2015		2014		2015		2014
Investment Management	(In thousands)
Net interest income	$	5	$	5	$	11	$	11
Fees and other income	11,739		11,754		23,461		23,216
Total revenues	11,744		11,759		23,472		23,227
Operating expense	8,544		9,102		17,230		17,436
Income before income taxes	3,200		2,657		6,242		5,791
Income tax expense	1,040		877		2,042		1,924
Net income from continuing operations	2,160		1,780		4,200		3,867
Noncontrolling interests	620		540		1,257		1,175
Net income attributable to the Company	$	1,540	$	1,240	$	2,943	$	2,692
Assets	$	100,029	$	101,626	$	100,029	$	101,626
AUM	$	10,695,000	$	10,917,000	$	10,695,000	$	10,917,000
Amortization of intangibles	$	739	$	739	$	1,478	$	1,478
Depreciation	$	70	$	63	$	140	$	122

	Three months ended June 30,					Six months ended June 30,
	2015		2014			2015		2014
Wealth Advisory	(In thousands)
Net interest income	$	2	$	(32	)	$	4	$	4
Fees and other income	12,708		12,040			25,415		23,504
Total revenues	12,710		12,008			25,419		23,508
Operating expense	8,720		8,124			17,852		15,907
Income before income taxes	3,990		3,884			7,567		7,601
Income tax expense	1,483		1,509			2,804		2,901
Net income from continuing operations	2,507		2,375			4,763		4,700
Noncontrolling interests	643		486			1,231		1,045
Net income attributable to the Company	$	1,864	$	1,889		$	3,532	$	3,655
Assets	$	76,847	$	74,203		$	76,847	$	74,203
AUM	$	9,941,000	$	9,760,000		$	9,941,000	$	9,760,000
Amortization of intangibles	$	247	$	246		$	493	$	493
Depreciation	$	216	$	82		$	427	$	154

	Three months ended June 30,						Six months ended June 30,
	2015			2014			2015			2014
Holding Company and Eliminations	(In thousands)
Net interest income	$	(939	)	$	(941	)	$	(1,865	)	$	(1,866	)
Fees and other income	129			65			304			201
Total revenues	(810		)	(876		)	(1,561		)	(1,665		)
Operating expense	4,096			4,006			8,569			9,213
Income/ (loss) before income taxes	(4,906		)	(4,882		)	(10,130		)	(10,878		)
Income tax expense/(benefit)	(2,177		)	(2,479		)	(4,390		)	(5,459		)
Net income/(loss) from continuing operations	(2,729		)	(2,403		)	(5,740		)	(5,419		)
Noncontrolling interests	—			(1		)	4			41
Discontinued operations	1,546			1,450			3,640			3,378
Net income/(loss) attributable to the Company	$	(1,183	)	$	(952	)	$	(2,104	)	$	(2,082	)
Assets	$	(69,705	)	$	9,558		$	(69,705	)	$	9,558
AUM	$	(22,000	)	$	(23,000	)	$	(22,000	)	$	(23,000	)
Depreciation	$	13		$	31		$	44		$	141

	Three months ended June 30,					Six months ended June 30,
	2015		2014			2015			2014
Total Company	(In thousands)
Net interest income	$	45,085	$	46,268		$	91,157		$	90,790
Fees and other income	42,660		34,374			84,005			67,107
Total revenues	87,745		80,642			175,162			157,897
Provision/ (credit) for loan losses	—		(5,000		)	(2,500		)	(6,200		)
Operating expense	62,418		54,402			125,845			109,370
Income before income taxes	25,327		31,240			51,817			54,727
Income tax expense	8,000		10,333			16,572			17,471
Net income from continuing operations	17,327		20,907			35,245			37,256
Noncontrolling interests	1,263		1,025			2,492			2,261
Discontinued operations	1,546		1,450			3,640			3,378
Net income attributable to the Company	$	17,610	$	21,332		$	36,393		$	38,373
Assets	$	7,045,939	$	6,388,823		$	7,045,939		$	6,388,823
AUM	$	29,642,000	$	25,370,000		$	29,642,000		$	25,370,000
Amortization of intangibles	$	1,655	$	1,045		$	3,257		$	2,098
Depreciation	$	1,652	$	1,519		$	3,356		$	3,190

____________

(1)    Financial data for the Wealth Management and Trust segment includes the trust and wealth management operations of Boston Private Bank only prior to the October 2, 2014 acquisition of Banyan.

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Accumulated Other Comprehensive Income (Notes)

6 Months Ended

Jun. 30, 2015

Accumulated Other Comprehensive Income [Abstract]

Comprehensive Income (Loss) Note [Text Block]

Accumulated Other Comprehensive Income

The following table presents a summary of the amounts reclassified from accumulated other comprehensive income/ (loss) for the three and six months ended June 30, 2015 and 2014:

Description of component of accumulated other comprehensive income/ (loss)	Three months ended June 30,						Six months ended June 30,						Affected line item in Statement of Operations
	2015			2014			2015			2014
	(In thousands)						(In thousands)
Adjustment for realized gains/ (losses) on securities available for sale, net:
Pre-tax	$	8		$	—		$	16		$	1		Gain on sale of investments, net
Tax expense/ (benefit)	4			—			7			—			Income tax expense
Net	$	4		$	—		$	9		$	1		Net income attributable to the Company
Net realized gain/ (loss) on cash flow hedges:
Hedge related to junior subordinated debentures:
Pre-tax	$	(473	)	$	(481	)	$	(944	)	$	(954	)	Interest expense on junior subordinated debentures
Tax expense/ (benefit)	(202		)	(206		)	(404		)	(407		)	Income tax expense
Net	$	(271	)	$	(275	)	$	(540	)	$	(547	)	Net income attributable to the Company
Hedges related to deposits:
Pre-tax	$	(549	)	$	(251	)	$	(1,096	)	$	(394	)	Interest expense on deposits
Tax expense/ (benefit)	(227		)	(104		)	(452		)	(164		)	Income tax expense
Net	$	(322	)	$	(147	)	$	(644	)	$	(230	)	Net income attributable to the Company
Total reclassifications for the period, net of tax	$	(589	)	$	(422	)	$	(1,175	)	$	(776	)

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Allowance for Loan Losses

6 Months Ended

Jun. 30, 2015

Allowance for Loan Losses [Abstract]

Allowance for Credit Losses [Text Block]

Allowance for Loan Losses

The allowance for loan losses is reported as a reduction of outstanding loan balances, and totaled $78.3 million and $75.8 million at June 30, 2015 and December 31, 2014, respectively.

The following tables present a summary of the changes in the allowance for loan losses for the periods indicated:

	As of and for the three months ended June 30,						As of and for the six months ended June 30,
	2015			2014			2015			2014
	(In thousands)
Allowance for loan losses, beginning of period:
Commercial and industrial	$	14,337		$	12,200		$	14,114		$	12,837
Commercial real estate	43,552			46,366			43,854			44,979
Construction and land	5,411			4,972			4,041			4,465
Residential	10,397			9,746			10,374			10,732
Home equity	1,016			963			1,003			1,020
Consumer and other	508			330			382			322
Unallocated	2,042			2,028			2,070			2,016
Total allowance for loan losses, beginning of period	77,263			76,605			75,838			76,371
Provision/ (credit) for loan losses:
Commercial and industrial	204			357			(1,777		)	(570		)
Commercial real estate	(333		)	(4,323		)	(1,266		)	(3,266		)
Construction and land	7			(654		)	234			(298		)
Residential	(52		)	(229		)	20			(1,677		)
Home equity	8			14			21			(43		)
Consumer and other	75			(59		)	205			(252		)
Unallocated	91			(106		)	63			(94		)
Total provision/(credit) for loan losses	—			(5,000		)	(2,500		)	(6,200		)
Loans charged-off:
Commercial and industrial	(3		)	(285		)	(3		)	(334		)
Commercial real estate	—			(500		)	—			(500		)
Construction and land	—			—			—			—
Residential	—			—			(49		)	(88		)
Home equity	—			—			—			—
Consumer and other	(55		)	(14		)	(60		)	(22		)
Total charge-offs	(58		)	(799		)	(112		)	(944		)
Recoveries on loans previously charged-off:
Commercial and industrial	83			869			2,287			1,208
Commercial real estate	914			2,543			1,545			2,873
Construction and land	—			262			1,143			413
Residential	49			52			49			602
Home equity	—			15			—			15
Consumer and other	—			—			1			209
Total recoveries	1,046			3,741			5,025			5,320

	As of and for the three months ended June 30,				As of and for the six months ended June 30,
	2015		2014		2015		2014
	(In thousands)
Allowance for loan losses at end of period:
Commercial and industrial	14,621		13,141		14,621		13,141
Commercial real estate	44,133		44,086		44,133		44,086
Construction and land	5,418		4,580		5,418		4,580
Residential	10,394		9,569		10,394		9,569
Home equity	1,024		992		1,024		992
Consumer and other	528		257		528		257
Unallocated	2,133		1,922		2,133		1,922
Total allowance for loan losses at end of period	$	78,251	$	74,547	$	78,251	$	74,547

The following tables present the Company’s allowance for loan losses and loan portfolio at June 30, 2015 and December 31, 2014 by portfolio segment, disaggregated by method of impairment analysis. The Company had no loans acquired with deteriorated credit quality at June 30, 2015 or December 31, 2014.

	Commercial and industrial		Commercial real estate		Construction and land		Residential
	(In thousands)
Allowance for loan losses balance at June 30, 2015 attributable to:
Loans collectively evaluated	$	14,305	$	43,357	$	5,246	$	9,160
Loans individually evaluated	316		776		172		1,234
Total allowance for loan losses	$	14,621	$	44,133	$	5,418	$	10,394
Recorded investment (loan balance) at June 30, 2015:
Loans collectively evaluated	$	999,232	$	1,802,221	$	157,511	$	2,157,940
Loans individually evaluated	3,180		25,194		3,415		17,568
Total Loans	$	1,002,412	$	1,827,415	$	160,926	$	2,175,508
	Home equity		Consumer and other		Unallocated		Total
	(In thousands)
Allowance for loan losses balance at June 30, 2015 attributable to:
Loans collectively evaluated	$	1,024	$	528	$	2,133	$	75,753
Loans individually evaluated	—		—		—		2,498
Total allowance for loan losses	$	1,024	$	528	$	2,133	$	78,251
Recorded investment (loan balance) at June 30, 2015:
Loans collectively evaluated	$	120,415	$	175,517	$	—	$	5,412,836
Loans individually evaluated	50		1,007		—		50,414
Total Loans	$	120,465	$	176,524	$	—	$	5,463,250

	Commercial and industrial		Commercial real estate		Construction and land		Residential
	(In thousands)
Allowance for loan losses balance at December 31, 2014 attributable to:
Loans collectively evaluated	$	14,023	$	41,262	$	3,869	$	9,044
Loans individually evaluated	91		2,592		172		1,330
Total allowance for loan losses	$	14,114	$	43,854	$	4,041	$	10,374
Recorded investment (loan balance) at December 31, 2014:
Loans collectively evaluated	$	950,183	$	1,757,839	$	113,928	$	2,115,696
Loans individually evaluated	2,902		30,564		11,421		16,399
Total Loans	$	953,085	$	1,788,403	$	125,349	$	2,132,095
	Home equity		Consumer and other		Unallocated		Total
	(In thousands)
Allowance for loan losses balance at December 31, 2014 attributable to:
Loans collectively evaluated	$	1,003	$	382	$	2,070	$	71,653
Loans individually evaluated	—		—		—		4,185
Total allowance for loan losses	$	1,003	$	382	$	2,070	$	75,838
Recorded investment (loan balance) at December 31, 2014:
Loans collectively evaluated	$	114,809	$	155,138	$	—	$	5,207,593
Loans individually evaluated	50		1,007		—		62,343
Total Loans	$	114,859	$	156,145	$	—	$	5,269,936

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Derivatives and Hedging Activities Derivatives collateral with counterparties (Details) - Interest Rate Swap [Member] - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Collateral, Obligation to Return Cash	$ 7.3	$ 8.9
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Collateral, Right to Reclaim Cash	2.9	3.7
Derivative, Collateral, Right to Reclaim Securities	$ 6.2	$ 7.0

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Fair Value Measurements

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

Fair Value Measurements

Fair value is defined under GAAP as the exchange price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants on the measurement date. The Company determines the fair values of its financial instruments based on the fair value hierarchy established in ASC 820, Fair Value Measurements and Disclosures (“ASC 820”), which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value. Financial instruments are considered Level 1 when valuation can be based on quoted prices in active markets for identical assets or liabilities. Level 2 financial instruments are valued using quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or models using inputs that are observable or can be corroborated by observable market data of substantially the full term of the assets or liabilities. Financial instruments are considered Level 3 when their values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable and when determination of the fair value requires significant management judgment or estimation.

The following tables present the Company’s assets and liabilities measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014, aggregated by the level in the fair value hierarchy within which those measurements fall:

	As of June 30, 2015		Fair value measurements at reporting date using:
			Quoted prices in active markets for identical assets (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(In thousands)
Assets:
Available for sale securities:
U.S. government and agencies	$	21,700	$	20,394	$	1,306	$	—
Government-sponsored entities	295,977		—		295,977		—
Municipal bonds	255,614		—		255,614		—
Mortgage-backed securities	401,312		—		401,312		—
Other	17,404		17,404		—		—
Total available for sale securities	992,007		37,798		954,209		—
Derivatives - interest rate customer swaps	5,281		—		5,281		—
Other investments	5,802		5,802		—		—
Liabilities:
Derivatives - interest rate customer swaps	$	5,092	$	—	$	5,092	$	—
Derivatives - interest rate swaps	2,088		—		2,088		—
Derivatives - junior subordinated debenture interest rate swap	922		—		922		—
Derivatives - risk participation agreement	9		—		9		—
Other liabilities	5,802		5,802		—		—

			Fair value measurements at reporting date using:
	As of December 31, 2014		Quoted prices in active markets for identical assets (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(In thousands)
Assets:
Available for sale securities:
U.S. government and agencies	$	16,882	$	15,377	$	1,505	$	—
Government-sponsored entities	274,253		—		274,253		—
Municipal bonds	235,248		—		235,248		—
Mortgage-backed securities	283,704		—		283,704		—
Other	19,906		19,906		—		—
Total available for sale securities	829,993		35,283		794,710		—
Derivatives - interest rate customer swaps	5,323		—		5,323		—
Derivatives - interest rate swaps	34		—		34		—
Other investments	5,437		5,437		—		—
Liabilities:
Derivatives - interest rate customer swaps	$	5,434	$	—	$	5,434	$	—
Derivatives - interest rate swaps	1,584		—		1,584		—
Derivatives - junior subordinated debenture interest rate swap	1,768		—		1,768		—

As of June 30, 2015 and December 31, 2014, available for sale securities consisted primarily of U.S. government and agencies securities, government-sponsored entities securities, municipal bonds, mortgage-backed securities, and other available for sale securities. The equities (which are categorized as other available for sale securities) are valued with prices quoted in active markets. Three U.S. Treasury securities at June 30, 2015 and two U.S. Treasury securities at December 31, 2014, are valued with prices quoted in active markets. Therefore, they have been categorized as a Level 1 measurement. The government-sponsored entities securities, municipal bonds, mortgage-backed securities, and certain investments in Small Business Administration (“SBA”) loans (which are categorized as U.S. government and agencies securities) generally have quoted prices but are traded less frequently than exchange-traded securities and can be priced using market data from similar assets. Therefore, they have been categorized as a Level 2 measurement. No investments held at June 30, 2015 or December 31, 2014 were categorized as Level 3.

The Company uses interest rate customer swaps, interest rate swaps, risk participation agreements, and a junior subordinated debenture interest rate swap to manage its interest rate risk, and customer foreign exchange forward contracts to manage its foreign exchange risk, if any. The valuation of these instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. Therefore, they have been categorized as a Level 2 measurement as of June 30, 2015 and December 31, 2014. See Part I. Item 1. “Notes to Unaudited Consolidated Financial Statements-Note 8: Derivatives and Hedging Activities” for further details.

To comply with the provisions of ASC 820, the Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees. Counterparty exposure is evaluated by netting positions that are subject to master netting agreements, as well as considering the amount of collateral securing the position.

The Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, although the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. As a result, the Company has determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy as of June 30, 2015 and December 31, 2014.

The other investments and other liabilities, which are not considered available for sale investments, consist of deferred compensation trusts and related liabilities, which consist of publicly traded mutual fund investments that are valued at prices quoted in active markets. Therefore, they have been categorized as a Level 1 measurement as of June 30, 2015 and December 31, 2014.

There were no Level 3 assets at June 30, 2015 or December 31, 2014.

The following tables present the Company’s assets and liabilities measured at fair value on a non-recurring basis during the periods ended June 30, 2015 and 2014, respectively, aggregated by the level in the fair value hierarchy within which those measurements fall:

	As of June 30, 2015		Fair value measurements at reporting date using:						Gain (losses) from fair value changes
			Quoted prices in active markets for identical assets (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Three months ended June 30, 2015		Six months ended June 30, 2015
	(In thousands)
Assets:
Impaired loans (1)	$	1,448	$	—	$	—	$	1,448	$	—	$	—

___________________

(1) Collateral-dependent impaired loans held at June 30, 2015 that had write-downs in fair value or whose specific reserve changed during the first six months of 2015.

	As of June 30, 2014		Fair value measurements at reporting date using:						Gain (losses) from fair value changes
			Quoted prices in active markets for identical assets (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Three months ended June 30, 2014			Six months ended June 30, 2014
	(In thousands)
Assets:
Impaired loans (1)	$	4,052	$	—	$	—	$	4,052	$	(500	)	$	(500	)

________________

(1) Collateral-dependent impaired loans held at June 30, 2014 that had write-downs in fair value or whose specific reserve changed during the first six months of 2014.

The following table presents additional quantitative information about assets measured at fair value on a non-recurring basis for which the Company has utilized Level 3 inputs to determine fair value:

	As of June 30, 2015
	Fair Value		Valuation technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	1,448	Appraisals of Collateral	Discount for costs to sell	11% - 13%	12%
				Appraisal adjustments	0% - 15%	7%

	As of June 30, 2014
	Fair Value		Valuation technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	4,052	Appraisals of Collateral	Discount for costs to sell	8% - 12%	9%
				Appraisal adjustments	10% - 25%	13%

Impaired loans include those loans that were adjusted to the fair value of underlying collateral as required under ASC 310, Receivables. The amount does not include impaired loans that are measured based on expected future cash flows discounted at the respective loan’s original effective interest rate, as that amount is not considered a fair value measurement. The Company uses appraisals, which management may adjust to reflect estimated fair value declines, or apply other discounts to appraised values for unobservable factors resulting from its knowledge of the property or consideration of broker quotes. The appraisers use a market, income, and/or a cost approach in determining the value of the collateral. Therefore they have been categorized as a Level 3 measurement.

The following tables present the carrying values and fair values of the Company’s financial instruments that are not measured at fair value on a recurring basis (other than certain loans, as noted below):

	As of June 30, 2015
	Book Value		Fair Value		Quoted prices  in active markets for identical assets  (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(In thousands)
FINANCIAL ASSETS:
Cash and cash equivalents	$	63,099	$	63,099	$	63,099	$	—	$	—
Investment securities held to maturity	128,258		129,181		—		129,181		—
Loans, net	5,384,999		5,405,937		—		—		5,405,937
Loans held for sale	19,512		19,602		—		19,602		—
Other financial assets	118,966		118,966		—		118,966		—
FINANCIAL LIABILITIES:
Deposits	5,429,028		5,431,386		—		5,431,386		—
Securities sold under agreements to repurchase	26,660		26,660		—		26,660		—
Federal Funds purchased	100,000		100,000		—		100,000		—
Federal Home Loan Bank borrowings	541,529		547,889		—		547,889		—
Junior subordinated debentures	106,363		96,363		—		—		96,363
Other financial liabilities	1,929		1,929		—		1,929		—

	As of December 31, 2014
	Book Value		Fair Value		Quoted prices  in active markets for identical assets  (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(In thousands)
FINANCIAL ASSETS:
Cash and cash equivalents	$	172,609	$	172,609	$	172,609	$	—	$	—
Investment securities held to maturity	140,727		142,339		—		142,339		—
Loans, net	5,194,098		5,130,843		—		—		5,130,843
Loans held for sale	7,099		7,239		—		7,239		—
Other financial assets	114,686		114,686		—		114,686		—
FINANCIAL LIABILITIES:
Deposits	5,453,879		5,457,117		—		5,457,117		—
Securities sold under agreements to repurchase	30,496		30,493		—		30,493		—
Federal Home Loan Bank borrowings	370,150		376,320		—		376,320		—
Junior subordinated debentures	106,363		96,363		—		—		96,363
Other financial liabilities	7,357		7,357		—		7,357		—

The estimated fair values have been determined by using available quoted market information or other appropriate valuation methodologies. The aggregate fair value amounts presented do not represent the underlying value of the Company taken as a whole.

The fair value estimates provided are made at a specific point in time, based on relevant market information and the characteristics of the financial instrument. The estimates do not provide for any premiums or discounts that could result from concentrations of ownership of a financial instrument. Because no active market exists for some of the Company’s financial instruments, certain fair value estimates are based on subjective judgments regarding current economic conditions, risk characteristics of the financial instruments, future expected loss experience, prepayment assumptions, and other factors. The resulting estimates involve uncertainties and therefore cannot be determined with precision. Changes made to any of the underlying assumptions could significantly affect the estimates.

Cash and cash equivalents

The carrying value reported in the balance sheets for cash and cash equivalents approximates fair value due to the short-term nature of their maturities and are classified as Level 1.

Investment securities held to maturity

Held-to-maturity securities currently include mortgage-backed securities. All held-to-maturity securities are fixed income instruments that are not quoted on an exchange, but may be traded in active markets. The fair value of these securities are based on quoted market prices obtained from external pricing services. The principal market for our securities portfolio is the secondary institutional market, with an exit price that is predominantly reflective of bid level pricing in that market.Accordingly, held-to-maturity securities are included in the Level 2 fair value category.

Loans, net

Fair value estimates are based on loans with similar financial characteristics. Fair values of commercial and residential mortgage loans are estimated by discounting contractual cash flows adjusted for prepayment estimates and using discount rates approximately equal to current market rates on loans with similar credit and interest rate characteristics and maturities. The fair value estimates for home equity and other loans are based on outstanding loan terms and pricing in the local markets. The method of estimating the fair value of the loans disclosed in the table above does not incorporate the exit price concept in the presentation of the fair value of these financial instruments. Net loans are included in the Level 3 fair value category based upon the inputs and valuation techniques used.

Loans held for sale

Loans held for sale are recorded at the lower of cost or fair value in the aggregate. Fair value estimates are based on actual commitments to sell the loans to investors at an agreed upon price or current market prices if rates have changed since the time the loan closed. Accordingly, loans held for sale are included in the Level 2 fair value category.

Other financial assets

Other financial assets consist of accrued interest and fees receivable, stock in Federal Home Loan Banks (“FHLBs”), and the cash surrender value of bank-owned life insurance, for which the carrying amount approximates fair value, and are classified as Level 2.

Deposits

The fair values reported for transaction accounts (demand, NOW, savings, and money market) equal their respective book values reported on the balance sheets and are classified as Level 2. The fair values disclosed are, by definition, equal to the amount payable on demand at the reporting date. The fair values for certificates of deposit are based on the discounted value of contractual cash flows. The discount rates used are representative of approximate rates currently offered on certificates of deposit with similar remaining maturities and are classified as Level 2.

Securities sold under agreements to repurchase

The fair value of securities sold under agreements to repurchase are estimated based on contractual cash flows discounted at the Bank’s incremental borrowing rate for FHLB borrowings with similar maturities and have been classified as Level 2.

Federal funds purchased

The carrying amount of federal funds purchased approximates fair value due to their short-term nature and have been classified as Level 2.

Federal Home Loan Bank borrowings

The fair value reported for FHLB borrowings is estimated based on the discounted value of contractual cash flows. The discount rate used is based on the Bank’s estimated current incremental borrowing rate for FHLB borrowings of similar maturities and have been classified as Level 2.

Junior subordinated debentures

The fair value of the junior subordinated debentures issued by Boston Private Capital Trust I and Boston Private Capital Trust II were estimated using Level 3 inputs such as the interest rates on these securities, current rates for similar debt, a consideration for illiquidity of trading in the debt, and regulatory changes that would result in an unfavorable change in the regulatory capital treatment of this type of debt.

Other financial liabilities

Other financial liabilities consist of accrued interest payable for which the carrying amount approximates fair value and are classified as Level 2.

Financial instruments with off-balance sheet risk

The Bank’s commitments to originate loans and for unused lines and outstanding letters of credit are primarily at market interest rates and therefore, the carrying amount approximates fair value.

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Loan Portfolio and Credit Quality

6 Months Ended

Jun. 30, 2015

Loans and Leases Receivable Disclosure [Abstract]

Financing Receivables [Text Block]

Loan Portfolio and Credit Quality

The Bank’s lending activities are conducted principally in the regions of New England, San Francisco Bay, and Southern California. The Bank originates single and multi-family residential loans, commercial real estate loans, commercial and industrial loans, construction and land loans, and home equity and other consumer loans. Most loans are secured by borrowers’ personal or business assets. The ability of the Bank’s single family residential and consumer borrowers to honor their repayment commitments is generally dependent on the level of overall economic conditions within the Bank’s lending areas. Commercial, construction, and land borrowers’ ability to repay is generally dependent upon the health of the economy and real estate values, including, in particular, the performance of the construction sector. Accordingly, the ultimate collectability of a substantial portion of the Bank’s loan portfolio is susceptible to changing conditions in the New England, San Francisco Bay, and Southern California economies and real estate markets.

Total loans include deferred loan fees/ (costs), net, of ($5.6) million and ($5.4) million as of June 30, 2015 and December 31, 2014, respectively.

The following table presents a summary of the loan portfolio based on the portfolio segment as of the dates indicated:

	June 30, 2015		December 31, 2014
	(In thousands)
Commercial and industrial	$	1,002,412	$	953,085
Commercial real estate	1,827,415		1,788,403
Construction and land	160,926		125,349
Residential	2,175,508		2,132,095
Home equity	120,465		114,859
Consumer and other	176,524		156,145
Total Loans	$	5,463,250	$	5,269,936

The following table presents nonaccrual loans receivable by class of receivable as of the dates indicated:

	June 30, 2015		December 31, 2014
	(In thousands)
Commercial and industrial	$	1,605	$	2,129
Commercial real estate	13,336		18,485
Construction and land	3,415		11,422
Residential	9,256		9,713
Home equity	1,217		1,320
Consumer and other	1,062		1,113
Total	$	29,891	$	44,182

The Bank’s policy is to discontinue the accrual of interest on a loan when the collectability of principal or interest is in doubt. In certain instances, although infrequent, loans that have become 90 days or more past due may remain on accrual status if the value of the collateral securing the loan is sufficient to cover principal and interest and the loan is in the process of collection. There were no loans 90 days or more past due, but still accruing, as of both June 30, 2015 and December 31, 2014. The Bank’s policy for returning a loan to accrual status requires the loan to be brought current and for the client to show a history of making timely payments (generally six consecutive months). For troubled debt restructured loans (“TDRs”), a return to accrual status generally requires timely payments for a period of six months in accordance with the restructured loan terms, along with meeting other criteria.

The following tables show the payment status of loans by class of receivable as of the dates indicated:

	June 30, 2015
	Accruing Past Due								Nonaccrual Loans
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Accruing Past Due		Current Payment Status		30-89 Days Past Due		90 Days or Greater Past Due		Total Non-Accrual Loans		Current Accruing Loans		Total Loans Receivable
	(In thousands)
Commercial and industrial	$	575	$	1,610	$	—	$	2,185	$	1,075	$	—	$	530	$	1,605	$	998,622	$	1,002,412
Commercial real estate	1,536		—		—		1,536		9,739		360		3,237		13,336		1,812,543		1,827,415
Construction and land	—		—		—		—		247		65		3,103		3,415		157,511		160,926
Residential	—		344		—		344		3,787		141		5,328		9,256		2,165,908		2,175,508
Home equity	—		—		—		—		220		—		997		1,217		119,248		120,465
Consumer and other	271		3		—		274		1,029		32		1		1,062		175,188		176,524
Total	$	2,382	$	1,957	$	—	$	4,339	$	16,097	$	598	$	13,196	$	29,891	$	5,429,020	$	5,463,250

	December 31, 2014
	Accruing Past Due								Nonaccrual Loans
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Accruing Past Due		Current Payment Status		30-89 Days Past Due		90 Days or Greater Past Due		Total Non-Accrual Loans		Current Accruing Loans		Total Loans Receivable
	(In thousands)
Commercial and industrial	$	723	$	—	$	—	$	723	$	157	$	—	$	1,972	$	2,129	$	950,233	$	953,085
Commercial real estate	167		71		—		238		14,235		684		3,566		18,485		1,769,680		1,788,403
Construction and land	—		—		—		—		8,245		86		3,091		11,422		113,927		125,349
Residential	3,878		1,913		—		5,791		2,770		1,704		5,239		9,713		2,116,591		2,132,095
Home equity	—		—		—		—		98		—		1,222		1,320		113,539		114,859
Consumer and other	208		—		—		208		1,041		9		63		1,113		154,824		156,145
Total	$	4,976	$	1,984	$	—	$	6,960	$	26,546	$	2,483	$	15,153	$	44,182	$	5,218,794	$	5,269,936

Nonaccrual and delinquent loans are affected by many factors, such as economic and business conditions, interest rates, unemployment levels, and real estate collateral values, among others. In periods of prolonged economic decline, borrowers may become more severely affected over time as liquidity levels decline and the borrower’s ability to continue to make payments deteriorates. With respect to real estate collateral values, the declines from the peak, as well as the value of the real estate at the time of origination versus the current value, can impact the level of problem loans. For instance, if the loan to value ratio at the time of renewal has increased due to the decline in the real estate value since origination, the loan may no longer meet the Bank’s underwriting standards and may be considered for classification as a problem loan dependent upon a review of risk factors.

Generally when a collateral dependent loan becomes impaired, an updated appraisal of the collateral, if appropriate, is obtained. If the impaired loan has not been upgraded to a performing status within a reasonable amount of time, the Bank will continue to obtain updated appraisals as deemed necessary, especially during periods of declining property values.

The past due status of a loan is determined in accordance with its contractual repayment terms. All loan types are reported past due when one scheduled payment is due and unpaid for 30 days or more.

Credit Quality Indicators

The Bank uses a risk rating system to monitor the credit quality of its loan portfolio. Loan classifications are assessments made by the Bank of the status of the loans based on the facts and circumstances known to the Bank, including management’s judgment, at the time of assessment. Some or all of these classifications may change in the future if there are unexpected changes in the financial condition of the borrower, including but not limited to, changes resulting from continuing deterioration in general economic conditions on a national basis or in the local markets in which the Bank operates adversely affecting, among other things, real estate values. Such conditions, as well as other factors which adversely affect borrowers’ ability to service or repay loans, typically result in changes in loan default and charge-off rates, and increased provisions for loan losses, which would adversely affect the Company’s financial performance and financial condition. These circumstances are not entirely foreseeable and, as a result, it may not be possible to accurately reflect them in the Company’s analysis of credit risk.

A summary of the rating system used by the Bank, repeated here from 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, follows:

Pass - All loans graded as pass are considered acceptable credit quality by the Bank and are grouped for purposes of calculating the allowance for loan losses. Only commercial loans, including commercial real estate, commercial and industrial loans, and construction and land loans are given a numerical grade. For residential, home equity and consumer loans, the Bank classifies loans as pass unless there is known information such as delinquency or client requests for modifications which, due to financial difficulty, would then generally result in a risk rating such as special mention or more severe depending on the factors.

Special Mention - Loans rated in this category are defined as having potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may, at some future date, result in the deterioration of the repayment prospects for the credit or the Bank’s credit position. These loans are currently protected but have the potential to deteriorate to a substandard rating. For commercial loans, the borrower’s financial performance may be inconsistent or below forecast, creating the possibility of liquidity problems and shrinking debt service coverage. In loans having this rating, the primary source of repayment is still good, but there is increasing reliance on collateral or guarantor support. Collectability of the loan is not yet in jeopardy. In particular, loans in this category are considered more variable than other categories, since they will typically migrate through categories more quickly.

Substandard - Loans rated in this category are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. A substandard credit has a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Substandard loans may be either still accruing or nonaccruing depending upon the severity of the risk and other factors such as the value of the collateral, if any, and past due status.

Doubtful - Loans rated in this category indicate that collection or liquidation in full on the basis of currently existing facts, conditions, and values, is highly questionable and improbable. Loans in this category are usually on nonaccrual and classified as impaired.

The following tables present the loan portfolio’s credit risk profile by internally assigned grade and class of receivable as of the dates indicated:

	June 30, 2015
	By Loan Grade or Nonaccrual Status
	Pass		Special Mention		Accruing Substandard		Nonaccrual Loans		Total
	(In thousands)
Commercial and industrial	$	963,325	$	28,730	$	8,752	$	1,605	$	1,002,412
Commercial real estate	1,741,798		34,578		37,703		13,336		1,827,415
Construction and land	138,884		13,127		5,500		3,415		160,926
Residential	2,158,568		—		7,684		9,256		2,175,508
Home equity	119,248		—		—		1,217		120,465
Consumer and other	173,485		—		1,977		1,062		176,524
Total	$	5,295,308	$	76,435	$	61,616	$	29,891	$	5,463,250

	December 31, 2014
	By Loan Grade or Nonaccrual Status
	Pass		Special Mention		Accruing Substandard		Nonaccrual Loans		Total
	(In thousands)
Commercial and industrial	$	928,228	$	15,703	$	7,025	$	2,129	$	953,085
Commercial real estate	1,703,064		47,782		19,072		18,485		1,788,403
Construction and land	100,672		13,255		—		11,422		125,349
Residential	2,112,129		—		10,253		9,713		2,132,095
Home equity	113,017		—		522		1,320		114,859
Consumer and other	153,044		—		1,988		1,113		156,145
Total	$	5,110,154	$	76,740	$	38,860	$	44,182	$	5,269,936

The following tables present, by class of receivable, the balance of impaired loans with and without a related allowance, the associated allowance for those impaired loans with a related allowance, and the total unpaid principal on impaired loans:

	As of and for the three and six months ended June 30, 2015
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		QTD Average Recorded Investment		YTD Average Recorded Investment		QTD Interest Income Recognized while Impaired		YTD Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	1,479	$	1,537	n/a		$	509	$	1,152	$	1	$	808
Commercial real estate	18,050		25,881		n/a		18,675		19,808		72		966
Construction and land	1,215		2,240		n/a		1,243		4,637		—		92
Residential	10,239		11,026		n/a		9,444		9,527		73		151
Home equity	50		50		n/a		50		50		—		1
Consumer and other	1,007		1,007		n/a		1,007		1,007		1		1
Subtotal	32,040		41,741		n/a		30,928		36,181		147		2,019
With an allowance recorded:
Commercial and industrial	1,701		1,714		$	316	1,350		1,203		20		54
Commercial real estate	7,144		7,572		776		8,095		8,504		124		216
Construction and land	2,200		2,356		172		2,200		2,200		—		—
Residential	7,329		7,681		1,234		7,479		7,257		51		100
Home equity	—		—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—		—
Subtotal	18,374		19,323		2,498		19,124		19,164		195		370
Total:
Commercial and industrial	3,180		3,251		316		1,859		2,355		21		862
Commercial real estate	25,194		33,453		776		26,770		28,312		196		1,182
Construction and land	3,415		4,596		172		3,443		6,837		—		92
Residential	17,568		18,707		1,234		16,923		16,784		124		251
Home equity	50		50		—		50		50		—		1
Consumer and other	1,007		1,007		—		1,007		1,007		1		1
Total	$	50,414	$	61,064	$	2,498	$	50,052	$	55,345	$	342	$	2,389

___________________

(1) Recorded investment represents the client loan balance net of historical charge-offs and historical nonaccrual interest paid, which was applied to principal.

	As of and for the three and six months ended June 30, 2014
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		QTD Average Recorded Investment		YTD Average Recorded Investment		QTD Interest Income Recognized while Impaired		YTD Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	2,037	$	3,154	n/a		$	2,043	$	2,081	$	1	$	4
Commercial real estate	24,277		34,378		n/a		25,577		27,804		1,564		1,833
Construction and land	730		1,456		n/a		731		779		—		—
Residential	12,215		12,818		n/a		11,035		8,930		54		198
Home equity	50		50		n/a		50		50		—		1
Consumer and other	1,007		1,007		n/a		257		150		1		1
Subtotal	40,316		52,863		n/a		39,693		39,794		1,620		2,037
With an allowance recorded:
Commercial and industrial	1,060		1,168		$	74	1,089		1,201		19		28
Commercial real estate	7,594		8,022		1,003		7,660		8,091		97		188
Construction and land	2,666		2,897		221		2,696		2,712		—		—
Residential	6,996		6,996		609		7,544		8,850		56		125
Home equity	—		—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—		—
Subtotal	18,316		19,083		1,907		18,989		20,854		172		341
Total:
Commercial and industrial	3,097		4,322		74		3,132		3,282		20		32
Commercial real estate	31,871		42,400		1,003		33,237		35,895		1,661		2,021
Construction and land	3,396		4,353		221		3,427		3,491		—		—
Residential	19,211		19,814		609		18,579		17,780		110		323
Home equity	50		50		—		50		50		—		1
Consumer and other	1,007		1,007		—		257		150		1		1
Total	$	58,632	$	71,946	$	1,907	$	58,682	$	60,648	$	1,792	$	2,378

___________________

(1) Recorded investment represents the client loan balance net of historical charge-offs and historical nonaccrual interest paid, which was applied to principal.

	As of and for the year ended December 31, 2014
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	2,011	$	3,095	n/a		$	2,055	$	28
Commercial real estate	21,500		28,700		n/a		24,921		2,483
Construction and land	9,221		11,133		n/a		1,597		—
Residential	9,650		10,788		n/a		9,221		406
Home equity	50		50		n/a		50		3
Consumer and other	1,006		1,007		n/a		546		1
Subtotal	43,438		54,773		n/a		38,390		2,921
With an allowance recorded:
Commercial and industrial	891		954		$	91	1,111		99
Commercial real estate	9,065		9,493		2,592		7,925		379
Construction and land	2,200		2,356		172		2,545		—
Residential	6,749		6,749		1,330		7,742		219
Home equity	—		—		—		—		—
Consumer and other	—		—		—		—		—
Subtotal	18,905		19,552		4,185		19,323		697
Total:
Commercial and industrial	2,902		4,049		91		3,166		127
Commercial real estate	30,565		38,193		2,592		32,846		2,862
Construction and land	11,421		13,489		172		4,142		—
Residential	16,399		17,537		1,330		16,963		625
Home equity	50		50		—		50		3
Consumer and other	1,006		1,007		—		546		1
Total	$	62,343	$	74,325	$	4,185	$	57,713	$	3,618

___________________

(1) Recorded investment represents the client loan balance net of historical charge-offs and historical nonaccrual interest paid, which was applied to principal.

When management determines that it is probable that the Bank will not collect all principal and interest on a loan in accordance with the original loan terms, the loan is designated as impaired.

Loans that are designated as impaired require an analysis to determine the amount of impairment, if any. Impairment would be indicated as a result of the carrying value of the loan exceeding the estimated collateral value, less costs to sell, for collateral dependent loans or the net present value of the projected cash flow, discounted at the loan’s contractual effective interest rate, for loans not considered to be collateral dependent. Generally, shortfalls in the analysis on collateral dependent loans would result in the impairment amount being charged-off to the allowance for loan losses. Shortfalls on cash flow dependent loans may be carried as specific allocations to the general reserve unless a known loss is determined to have occurred, in which case such known loss is charged-off.

Loans in the held for sale category are carried at the lower of amortized cost or estimated fair value in the aggregate and are excluded from the allowance for loan losses analysis.

The Bank may, under certain circumstances, restructure loans as a concession to borrowers who are experiencing financial difficulty. Such loans are classified as TDRs and are included in impaired loans. TDRs typically result from the Bank’s loss mitigation activities which, among other things, could include rate reductions, payment extensions, and/or principal forgiveness. As of June 30, 2015 and December 31, 2014, TDRs totaled $38.8 million and $44.8 million, respectively. As of June 30, 2015, $25.3 million of the $38.8 million in TDRs were on accrual status. As of December 31, 2014, $24.3 million of the $44.8 million in TDRs were on accrual status.

Since all TDR loans are considered impaired loans, they are individually evaluated for impairment. The resulting impairment, if any, would have an impact on the allowance for loan losses as a specific reserve or charge-off. If, prior to the classification as a TDR, the loan was not impaired, there would have been a general or allocated reserve on the particular loan. Therefore, depending upon the result of the impairment analysis, there could be an increase or decrease in the related allowance for loan losses. Many loans initially categorized as TDRs are already on nonaccrual status and are already considered impaired. Therefore, there is generally not a material change to the allowance for loan losses when a nonaccruing loan is categorized as a TDR.

The following tables present the balance of TDRs that were restructured or defaulted during the periods indicated:

	As of and for the three months ended June 30, 2015
	Restructured current quarter					TDRs that defaulted in the current quarter that were restructured in prior twelve months
	# of Loans	Pre- modification recorded investment		Post- modification recorded investment		# of Loans	Post- modification recorded investment
	(Dollars in thousands)
Commercial and industrial (1)	1	$	1,298	$	1,304	—	$	—
Commercial real estate (2)	1	4,118		4,118		—	—
Construction and land	—	—		—		—	—
Residential (3)	2	131		134		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	4	$	5,547	$	5,556	—	$	—

___________________

(1) Represents the following concessions: combination of concessions.

(2) Represents the following concessions: extension of term.

(3) Represents the following concessions: temporary reduction of interest rate (1 loan; post-modification recorded investment of $0.1 million); payment deferral (1 loan; post-modification recorded investment of less than $0.1 million).

	As of and for the six months ended June 30, 2015
	Restructured year to date					TDRs that defaulted year to date that were restructured in prior twelve months
	# of Loans	Pre- modification recorded investment		Post- modification recorded investment		# of Loans	Post- modification recorded investment
	(Dollars in thousands)
Commercial and industrial (1)	1	$	1,298	$	1,304	—	$	—
Commercial real estate (2)	1	4,118		4,118		—	—
Construction and land	—	—		—		—	—
Residential (3)	8	513		516		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	10	$	5,929	$	5,938	—	$	—

___________________

(1) Represents the following concessions: combination of concessions.

(2) Represents the following concessions: extension of term.

(3) Represents the following concessions: temporary reduction of interest rate (7 loans; post-modification recorded investment of $0.5 million); payment deferral (1 loan; post-modification recorded investment of less than $0.1 million).

	As of and for the three months ended June 30, 2014
	Restructured current quarter					TDRs that defaulted in the current quarter that were restructured in prior twelve months
	# of Loans	Pre- modification recorded investment		Post- modification recorded investment		# of Loans	Post- modification recorded investment
	(Dollars in thousands)
Commercial and industrial	—	$	—	$	—	—	$	—
Commercial real estate	—	—		—		—	—
Construction and land	—	—		—		—	—
Residential (1)	2	115		115		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	2	$	115	$	115	—	$	—

___________________

(1) Represents the following concessions: temporary reduction of interest rate.

	As of and for the six months ended June 30, 2014
	Restructured year to date					TDRs that defaulted year to date that were restructured in prior twelve months
	# of Loans	Pre- modification recorded investment		Post- modification recorded investment		# of Loans	Post- modification recorded investment
	(Dollars in thousands)
Commercial and industrial	—	$	—	$	—	—	$	—
Commercial real estate	—	—		—		—	—
Construction and land	—	—		—		—	—
Residential (1)	3	287		296		2	145
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	3	$	287	$	296	2	$	145

___________________

(1) Represents the following concessions: temporary reduction of interest rate.

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Derivatives and Hedging Activities

6 Months Ended

Jun. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities Disclosure [Text Block]

Derivatives and Hedging Activities

The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk, primarily by managing the amount, sources, and duration of its assets and liabilities and, to a lesser extent, the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are generally determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments principally related to certain loans, deposits, and borrowings.

The following table presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of June 30, 2015 and December 31, 2014:

	June 30, 2015							December 31, 2014
	Asset derivatives			Liability derivatives				Asset derivatives			Liability derivatives
	Balance sheet location	Fair value (1)		Balance sheet location	Fair value (1)			Balance sheet location	Fair value (1)		Balance sheet location	Fair value (1)
	(In thousands)
Derivatives designated as hedging instruments:
Interest rate products	Other assets	$	—	Other liabilities	$	(3,010	)	Other assets	$	34	Other liabilities	$	(3,352	)
Derivatives not designated as hedging instruments:
Interest rate products	Other assets	5,281		Other liabilities	(5,101		)	Other assets	5,323		Other liabilities	(5,434		)
Total		$	5,281		$	(8,111	)		$	5,357		$	(8,786	)

___________________

(1) For additional details, see Part I. Item 1. “Notes to Unaudited Consolidated Financial Statements-Note 5: Fair Value Measurements.”

The following table presents the effect of the Company’s derivative financial instruments in the consolidated statements of operations for the three and six months ended June 30, 2015 and 2014:

Derivatives in cash flow hedging relationships	Amount of gain or (loss) recognized in OCI on derivatives (effective portion)					Location of gain or (loss) reclassified from accumulated OCI into income (effective portion)	Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion)
	three months ended June 30,						three months ended June 30,
	2015		2014				2015			2014
(In thousands)
Interest rate products	$	140	$	(1,513	)	Interest expense	$	(1,022	)	$	(732	)
Total	$	140	$	(1,513	)		$	(1,022	)	$	(732	)

Derivatives in cash flow hedging relationships	Amount of gain or (loss) recognized in OCI on derivatives (effective portion)						Location of gain or (loss) reclassified from accumulated OCI into income (effective portion)	Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion)
	six months ended June 30,							six months ended June 30,
	2015			2014				2015			2014
(In thousands)
Interest rate products	$	(1,733	)	$	(2,514	)	Interest expense	$	(2,040	)	$	(1,348	)
Total	$	(1,733	)	$	(2,514	)		$	(2,040	)	$	(1,348	)

The following table presents the components of the Company’s accumulated other comprehensive income/ (loss) related to the derivatives for the three and six months ended June 30, 2015 and 2014:

	Three months ended June 30,						Six months ended June 30,
	2015			2014			2015			2014
	(In thousands)
Accumulated other comprehensive income/ (loss) on cash flow hedges, balance at beginning of period	$	(2,432	)	$	(1,995	)	$	(1,923	)	$	(1,763	)
Net change in unrealized gain/ (loss) on cash flow hedges	676			(463		)	167			(695		)
Accumulated other comprehensive income/ (loss) on cash flow hedges, balance at end of period	$	(1,756	)	$	(2,458	)	$	(1,756	)	$	(2,458	)

The Holding Company and the Bank have agreements with their derivative counterparties that contain provisions where, if the Holding Company or Bank defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, the Holding Company or the Bank could also be declared in default on its derivative obligations. The Holding Company and the Bank were in compliance with these provisions as of June 30, 2015 and December 31, 2014.

The Holding Company and the Bank also have agreements with certain of their derivative counterparties that contain provisions where, if the Holding Company or Bank fails to maintain its status as a well- or adequately-capitalized institution, the counterparty could terminate the derivative positions and the Holding Company or the Bank would be required to settle its obligations under the agreements. The Holding Company and the Bank were in compliance with these provisions as of June 30, 2015 and December 31, 2014.

Certain of the Holding Company and the Bank’s agreements with their derivative counterparties contain provisions where, if specified events or conditions occur that materially change the Holding Company’s or the Bank’s creditworthiness in an adverse manner, the Holding Company or the Bank may be required to fully collateralize their obligations under the derivative instruments. The Holding Company and the Bank were in compliance with these provisions as of June 30, 2015 and December 31, 2014.

As of June 30, 2015 and December 31, 2014, the termination amounts related to collateral determinations of derivatives in a liability position was $7.3 million and $8.9 million, respectively. The Company has minimum collateral posting thresholds with its derivative counterparties and has posted cash collateral of $2.9 million and $3.7 million, respectively, and pledged securities of $6.2 million and $7.0 million, respectively, as of June 30, 2015 and December 31, 2014, against its obligations under these agreements.

Cash Flow Hedges of Interest Rate Risk

The Company’s objective in using derivatives is to add stability to interest income and expense and to manage the risk related to exposure to changes in interest rates. To accomplish this objective, the Holding Company entered into an interest rate swap in the second quarter of 2010 with a notional amount of $75 millionrelated to the Holding Company’s cash outflows associated with the subordinated debt related to trust preferred securities to protect against an increase in the London Interbank Offered Rate (“LIBOR”). The interest rate swap had an effective date of December 30, 2010 and a term of five years. As of December 30, 2010, the subordinated debt switched from a fixed rate of 6.25% to a variable rate of three-month LIBOR plus 1.68%. The interest rate swap effectively fixed the Holding Company’s interest rate payments on the $75 million of debt at 4.45%.

The Bank entered into a total of six interest rate swaps, one during 2014 with an effective date of June 1, 2014, and five during 2013 with effective dates of December 1, 2014, September 2, 2014, June 1, 2014, March 1, 2014, and August 1, 2013. The six interest rate swaps each have a notional amount of $25 million and have terms ranging from three to six years. The Bank’s risk management objective and strategy for these interest rate swaps is to reduce its exposure to variability in interest-related cash outflows attributable to changes in the LIBOR swap rate associated with borrowing programs for each of the periods, initially expected to be accomplished with LIBOR-indexed brokered deposits, but may also include LIBOR-indexed FHLB advances. The interest rate swaps will effectively fix the Bank’s interest payments on $150 million of its LIBOR-indexed liabilities at rates between 1.17% and 2.32%, and a weighted average rate of 1.85%.

The Company uses the “Hypothetical Derivative Method” described in ASC 815, Derivatives and Hedging (“ASC 815”), for quarterly prospective and retrospective assessments of hedge effectiveness, as well as for measurements of hedge ineffectiveness. Under this method, the Company assesses the effectiveness of each hedging relationship by comparing the changes in cash flows of the derivative hedging instrument with the changes in cash flows of the designated hedged transactions. The effective portion of changes in the fair value of the derivative is initially reported in other comprehensive income (“OCI”) (outside of earnings) and subsequently reclassified to earnings in interest and dividend income when the hedged transactions affect earnings. Ineffectiveness resulting from the hedge is recorded as a gain or loss in the consolidated statement of operations as part of fees and other income. The Company had no hedge ineffectiveness recognized in earnings during the three and six months ended June 30, 2015 and 2014. The Company also monitors the risk of counterparty default on an ongoing basis.

A portion of the balance reported in accumulated other comprehensive income related to derivatives will be reclassified to interest income or expense as interest payments are made or received on the Company’s interest rate swaps. During the next twelve months, the Company estimates that $2.8 million will be reclassified as an increase in interest expense.

Non-designated Hedges

Derivatives not designated as hedges are not speculative and result from two different services the Bank provides to qualified commercial clients. The Bank offers certain derivative products directly to such clients. The Bank economically hedges derivative transactions executed with commercial clients by entering into mirror-image, offsetting derivatives with third parties. Derivative transactions executed as part of these programs are not designated, as per ASC 815, as qualifying hedging relationships and are, therefore, marked-to-market through earnings each period. Because the derivatives have mirror-image contractual terms, the changes in fair value substantially offset through earnings. Fees earned in connection with the execution of derivatives related to this program are recognized in the consolidated statement of operations in other income. As of June 30, 2015 and December 31, 2014, the Bank had 48 and 24 derivatives, respectively, related to this program, comprised of interest rate swaps and caps, with an aggregate notional amount of $324.3 million and $238.7 million, respectively.

In addition, as a participant lender, the Bank has guaranteed performance on a pro-rated portion of a swap executed by another financial institution. The derivative transaction entered into as part of this transaction is not designated, as per ASC 815, as a qualifying hedging relationship and is, therefore, marked-to-market through earnings each period. The pro-rated notional amount of this risk participation transaction was $8.3 million as of June 30, 2015. There were no such risk participation transactions as of December 31, 2014.

As of June 30, 2015 and December 31, 2014, the Bank had no foreign currency exchange contracts outstanding related to this program. The derivative asset and liability values for non-designated hedges include an adjustment related to the consideration of credit risk required under ASC 820.

The following table presents the effect of the Bank’s derivative financial instruments not designated as hedging instruments in the consolidated statement of operations for the three and six months ended June 30, 2015 and 2014.

		Amount of gain or (loss), net, recognized in income on derivatives
Derivatives not designated as hedging instruments	Location of gain or (loss) recognized in income on derivative	Three months ended June 30,					Six months ended June 30,
		2015		2014			2015		2014
		(In thousands)
Interest rate products	Other income/ (expense)	$	307	$	(80	)	$	301	$	(106	)
Other products (1)	Other income/ (expense)	5		—			45		—
Total		$	312	$	(80	)	$	346	$	(106	)

___________________

(1)     Risk Participation Agreement.

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Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Tax Expense Components [Line Items]
Income before income taxes	$ 25,327	$ 31,240	$ 51,817	$ 54,727
Income tax expense	8,000	10,333	16,572	17,471
Net income from continuing operations	17,327	20,907	$ 35,245	$ 37,256
Effective Income Tax Rate, Continuing Operations			32.00%	31.90%
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax			$ 6,227	$ 6,048
Discontinued Operation, Tax Effect of Discontinued Operation			2,587	2,670
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	1,546	1,450	$ 3,640	$ 3,378
Effective Tax Rate Discontinued Operations			41.50%	44.10%
Tax effect Attributable to Noncontrolling Interests			$ 0	$ 0
Net income attributable to noncontrolling interests	1,263	1,025	$ 2,492	$ 2,261
Effective Tax Rate Noncontrolling Interests			0.00%	0.00%
Income from Continuing and Discontinued Operations Attributable to Parent Before Tax			$ 55,552	$ 58,514
Tax Expense (Benefit) Total			19,159	20,141
Net income attributable to the Company	$ 17,610	$ 21,332	$ 36,393	$ 38,373
Effective Tax Rate Total			34.50%	34.40%

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Noncontrolling Interests Components of Noncontrolling Interests (Details) - USD ($) $ in Thousands		Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Redeemable Noncontrolling Interest [Line Items]
Redeemable and Nonredeemable Noncontrolling Interest		$ 22,096		$ 21,291
Redeemable Noncontrolling Interests		19,200		20,905
Nonredeemable Noncontrolling Interest		2,896		386
Anchor [Member]
Redeemable Noncontrolling Interest [Line Items]
Redeemable and Nonredeemable Noncontrolling Interest		11,611		11,929
BOS [Member]
Redeemable Noncontrolling Interest [Line Items]
Redeemable and Nonredeemable Noncontrolling Interest		6,941
Redeemable Noncontrolling Interests				6,069
DGHM [Member]
Redeemable Noncontrolling Interest [Line Items]
Redeemable Noncontrolling Interests	[1]	3,544		3,293
Redeemable Noncontrolling Interest [Member]
Redeemable Noncontrolling Interest [Line Items]
Redeemable Noncontrolling Interests		19,200	$ 19,911	20,905	$ 20,895	$ 20,774	$ 19,468
Noncontrolling Interest [Member]
Redeemable Noncontrolling Interest [Line Items]
Nonredeemable Noncontrolling Interest		$ 2,896	$ 2,601	$ 386	$ 232	$ 110	$ 171

[1] Only includes redeemable noncontrolling interests.

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Derivatives and Hedging Activities Derivatives not designated as hedges, effect on statement of operations (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Description of Location of Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments in Financial Statements				Other income/ (expense)
Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net		$ 312	$ (80)	$ 346	$ (106)
Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net		307	(80)	301	(106)
Not Designated as Hedging Instrument [Member] | Loan Participations and Assignments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	[1]	$ 5	$ 0	$ 45	$ 0

[1] Risk Participation Agreement.

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Earnings Per Share Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net Income (Loss) from Continuing Ops Available to Common Stockholders, Basic		$ 14,972	$ 18,569	$ 30,609	$ 32,521
Dilutive Securities, Effect on Basic Earnings Per Share		0	0	0	0
Net Income (Loss) from Continuing Operations Available to Common Stockholders, Diluted		14,972	18,569	30,609	32,521
Net Income from Discontinued Ops Available to Common Stockholders, Basic		1,541	1,436	3,623	3,341
Net Income (Loss) Available to Common Stockholders, Diluted		$ 16,513	$ 20,005	$ 34,232	$ 35,862
Income (Loss) from Continuing Operations, Per Diluted Share		$ 0.18	$ 0.23	$ 0.37	$ 0.41
Income (Loss) from Discontinued Operations, Net of Tax, Per Diluted Share		0.02	0.02	0.04	0.04
Earnings Per Share, Diluted		0.20	0.25	0.41	0.45
Common Stock, Dividends, Per Share, Cash Paid		$ 0.09	$ 0.08	$ 0.18	$ 0.16
Common Stock [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Weighted Average Basic Common Shares Outstanding		80,778,562	78,438,636	80,647,191	78,292,721
Incremental Common Shares Attributable to Share-based Payment Arrangements	[1]	1,009,576	685,683	967,330	693,420
Incremental Common Shares Attributable to Call Options and Warrants	[1]	1,250,343	1,174,106	1,214,308	1,172,701
Weighted Average Number Diluted Shares Outstanding Adjustment		2,259,919	1,859,789	2,181,638	1,866,121
Weighted Average Number of Shares Outstanding, Diluted	[1]	83,038,481	80,298,425	82,828,829	80,158,842

[1] The diluted EPS computations for the three and six months ended June 30, 2015 and 2014 do not assume the conversion, exercise, or contingent issuance of the following shares for the following periods because the result would have been anti-dilutive for the periods indicated. As a result of the anti-dilution, the potential common shares excluded from the diluted EPS computation are as follows: Three months ended June 30, Six months ended June 30,(In thousands)2015 2014 2015 2014Shares excluded due to exercise price exceeding the average market price of common shares during the period (total outstanding): Potential common shares from: Stock options, restricted stock, or other dilutive securities538 780 585 865Total shares excluded due to exercise price exceeding the average market price of common shares during the period538 780 585 865

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Loan Portfolio and Credit Quality Loans by Grade or Nonaccrual Status (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 5,463,250	$ 5,269,936
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,295,308	5,110,154
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	76,435	76,740
Accruing Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	61,616	38,860
Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	29,891	44,182
Commercial and industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,002,412	953,085
Commercial and industrial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	963,325	928,228
Commercial and industrial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	28,730	15,703
Commercial and industrial [Member] | Accruing Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,752	7,025
Commercial and industrial [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,605	2,129
Commercial real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,827,415	1,788,403
Commercial real estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,741,798	1,703,064
Commercial real estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	34,578	47,782
Commercial real estate [Member] | Accruing Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	37,703	19,072
Commercial real estate [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	13,336	18,485
Construction and land [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	160,926	125,349
Construction and land [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	138,884	100,672
Construction and land [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	13,127	13,255
Construction and land [Member] | Accruing Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,500	0
Construction and land [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	3,415	11,422
Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,175,508	2,132,095
Residential [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,158,568	2,112,129
Residential [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Residential [Member] | Accruing Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	7,684	10,253
Residential [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	9,256	9,713
Home equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	120,465	114,859
Home equity [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	119,248	113,017
Home equity [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Home equity [Member] | Accruing Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	522
Home equity [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,217	1,320
Consumer and other [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	176,524	156,145
Consumer and other [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	173,485	153,044
Consumer and other [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Consumer and other [Member] | Accruing Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,977	1,988
Consumer and other [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 1,062	$ 1,113

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Recent Accounting Pronouncements

6 Months Ended

Jun. 30, 2015

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Description of New Accounting Pronouncements Not yet Adopted [Text Block]

Recent Accounting Pronouncements

In January 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2014-04, Receivables - Troubled Debt Restructuring by Creditors (Subtopic 310-40) - Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The amendments to this update are intended to clarify when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and the real estate recognized. The new guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2014 and interim periods within annual periods beginning after December 15, 2015. The Company does not expect this ASU to have a material effect on its consolidated financial statements.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), amending the ASC and creating a new Topic 606, Revenue from Contracts with Customers. This issuance was part of the joint project between the FASB and the International Accounting Standards Board to clarify the principles of recognizing revenue and to develop a common revenue standard for GAAP and International Financial Reporting Standards. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is not permitted. The impact of ASU 2014-09 on the Company’s consolidated financial statements is not yet known. Additionally, a proposed ASU was circulated in April 2015 which, if issued, would defer adoption to annual reporting periods beginning after December 15, 2017.

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Loan Portfolio and Credit Quality (Tables)

6 Months Ended

Jun. 30, 2015

Loans and Leases Receivable Disclosure [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

The following table presents a summary of the loan portfolio based on the portfolio segment as of the dates indicated:

	June 30, 2015		December 31, 2014
	(In thousands)
Commercial and industrial	$	1,002,412	$	953,085
Commercial real estate	1,827,415		1,788,403
Construction and land	160,926		125,349
Residential	2,175,508		2,132,095
Home equity	120,465		114,859
Consumer and other	176,524		156,145
Total Loans	$	5,463,250	$	5,269,936

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

The following table presents nonaccrual loans receivable by class of receivable as of the dates indicated:

	June 30, 2015		December 31, 2014
	(In thousands)
Commercial and industrial	$	1,605	$	2,129
Commercial real estate	13,336		18,485
Construction and land	3,415		11,422
Residential	9,256		9,713
Home equity	1,217		1,320
Consumer and other	1,062		1,113
Total	$	29,891	$	44,182

Past Due Financing Receivables [Table Text Block]

The following tables show the payment status of loans by class of receivable as of the dates indicated:

	June 30, 2015
	Accruing Past Due								Nonaccrual Loans
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Accruing Past Due		Current Payment Status		30-89 Days Past Due		90 Days or Greater Past Due		Total Non-Accrual Loans		Current Accruing Loans		Total Loans Receivable
	(In thousands)
Commercial and industrial	$	575	$	1,610	$	—	$	2,185	$	1,075	$	—	$	530	$	1,605	$	998,622	$	1,002,412
Commercial real estate	1,536		—		—		1,536		9,739		360		3,237		13,336		1,812,543		1,827,415
Construction and land	—		—		—		—		247		65		3,103		3,415		157,511		160,926
Residential	—		344		—		344		3,787		141		5,328		9,256		2,165,908		2,175,508
Home equity	—		—		—		—		220		—		997		1,217		119,248		120,465
Consumer and other	271		3		—		274		1,029		32		1		1,062		175,188		176,524
Total	$	2,382	$	1,957	$	—	$	4,339	$	16,097	$	598	$	13,196	$	29,891	$	5,429,020	$	5,463,250

	December 31, 2014
	Accruing Past Due								Nonaccrual Loans
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Accruing Past Due		Current Payment Status		30-89 Days Past Due		90 Days or Greater Past Due		Total Non-Accrual Loans		Current Accruing Loans		Total Loans Receivable
	(In thousands)
Commercial and industrial	$	723	$	—	$	—	$	723	$	157	$	—	$	1,972	$	2,129	$	950,233	$	953,085
Commercial real estate	167		71		—		238		14,235		684		3,566		18,485		1,769,680		1,788,403
Construction and land	—		—		—		—		8,245		86		3,091		11,422		113,927		125,349
Residential	3,878		1,913		—		5,791		2,770		1,704		5,239		9,713		2,116,591		2,132,095
Home equity	—		—		—		—		98		—		1,222		1,320		113,539		114,859
Consumer and other	208		—		—		208		1,041		9		63		1,113		154,824		156,145
Total	$	4,976	$	1,984	$	—	$	6,960	$	26,546	$	2,483	$	15,153	$	44,182	$	5,218,794	$	5,269,936

Financing Receivable Credit Quality Indicators [Table Text Block]

The following tables present the loan portfolio’s credit risk profile by internally assigned grade and class of receivable as of the dates indicated:

	June 30, 2015
	By Loan Grade or Nonaccrual Status
	Pass		Special Mention		Accruing Substandard		Nonaccrual Loans		Total
	(In thousands)
Commercial and industrial	$	963,325	$	28,730	$	8,752	$	1,605	$	1,002,412
Commercial real estate	1,741,798		34,578		37,703		13,336		1,827,415
Construction and land	138,884		13,127		5,500		3,415		160,926
Residential	2,158,568		—		7,684		9,256		2,175,508
Home equity	119,248		—		—		1,217		120,465
Consumer and other	173,485		—		1,977		1,062		176,524
Total	$	5,295,308	$	76,435	$	61,616	$	29,891	$	5,463,250

	December 31, 2014
	By Loan Grade or Nonaccrual Status
	Pass		Special Mention		Accruing Substandard		Nonaccrual Loans		Total
	(In thousands)
Commercial and industrial	$	928,228	$	15,703	$	7,025	$	2,129	$	953,085
Commercial real estate	1,703,064		47,782		19,072		18,485		1,788,403
Construction and land	100,672		13,255		—		11,422		125,349
Residential	2,112,129		—		10,253		9,713		2,132,095
Home equity	113,017		—		522		1,320		114,859
Consumer and other	153,044		—		1,988		1,113		156,145
Total	$	5,110,154	$	76,740	$	38,860	$	44,182	$	5,269,936

Impaired Financing Receivables [Table Text Block]

The following tables present, by class of receivable, the balance of impaired loans with and without a related allowance, the associated allowance for those impaired loans with a related allowance, and the total unpaid principal on impaired loans:

	As of and for the three and six months ended June 30, 2015
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		QTD Average Recorded Investment		YTD Average Recorded Investment		QTD Interest Income Recognized while Impaired		YTD Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	1,479	$	1,537	n/a		$	509	$	1,152	$	1	$	808
Commercial real estate	18,050		25,881		n/a		18,675		19,808		72		966
Construction and land	1,215		2,240		n/a		1,243		4,637		—		92
Residential	10,239		11,026		n/a		9,444		9,527		73		151
Home equity	50		50		n/a		50		50		—		1
Consumer and other	1,007		1,007		n/a		1,007		1,007		1		1
Subtotal	32,040		41,741		n/a		30,928		36,181		147		2,019
With an allowance recorded:
Commercial and industrial	1,701		1,714		$	316	1,350		1,203		20		54
Commercial real estate	7,144		7,572		776		8,095		8,504		124		216
Construction and land	2,200		2,356		172		2,200		2,200		—		—
Residential	7,329		7,681		1,234		7,479		7,257		51		100
Home equity	—		—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—		—
Subtotal	18,374		19,323		2,498		19,124		19,164		195		370
Total:
Commercial and industrial	3,180		3,251		316		1,859		2,355		21		862
Commercial real estate	25,194		33,453		776		26,770		28,312		196		1,182
Construction and land	3,415		4,596		172		3,443		6,837		—		92
Residential	17,568		18,707		1,234		16,923		16,784		124		251
Home equity	50		50		—		50		50		—		1
Consumer and other	1,007		1,007		—		1,007		1,007		1		1
Total	$	50,414	$	61,064	$	2,498	$	50,052	$	55,345	$	342	$	2,389

___________________

(1) Recorded investment represents the client loan balance net of historical charge-offs and historical nonaccrual interest paid, which was applied to principal.

	As of and for the three and six months ended June 30, 2014
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		QTD Average Recorded Investment		YTD Average Recorded Investment		QTD Interest Income Recognized while Impaired		YTD Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	2,037	$	3,154	n/a		$	2,043	$	2,081	$	1	$	4
Commercial real estate	24,277		34,378		n/a		25,577		27,804		1,564		1,833
Construction and land	730		1,456		n/a		731		779		—		—
Residential	12,215		12,818		n/a		11,035		8,930		54		198
Home equity	50		50		n/a		50		50		—		1
Consumer and other	1,007		1,007		n/a		257		150		1		1
Subtotal	40,316		52,863		n/a		39,693		39,794		1,620		2,037
With an allowance recorded:
Commercial and industrial	1,060		1,168		$	74	1,089		1,201		19		28
Commercial real estate	7,594		8,022		1,003		7,660		8,091		97		188
Construction and land	2,666		2,897		221		2,696		2,712		—		—
Residential	6,996		6,996		609		7,544		8,850		56		125
Home equity	—		—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—		—
Subtotal	18,316		19,083		1,907		18,989		20,854		172		341
Total:
Commercial and industrial	3,097		4,322		74		3,132		3,282		20		32
Commercial real estate	31,871		42,400		1,003		33,237		35,895		1,661		2,021
Construction and land	3,396		4,353		221		3,427		3,491		—		—
Residential	19,211		19,814		609		18,579		17,780		110		323
Home equity	50		50		—		50		50		—		1
Consumer and other	1,007		1,007		—		257		150		1		1
Total	$	58,632	$	71,946	$	1,907	$	58,682	$	60,648	$	1,792	$	2,378

___________________

(1) Recorded investment represents the client loan balance net of historical charge-offs and historical nonaccrual interest paid, which was applied to principal.

	As of and for the year ended December 31, 2014
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	2,011	$	3,095	n/a		$	2,055	$	28
Commercial real estate	21,500		28,700		n/a		24,921		2,483
Construction and land	9,221		11,133		n/a		1,597		—
Residential	9,650		10,788		n/a		9,221		406
Home equity	50		50		n/a		50		3
Consumer and other	1,006		1,007		n/a		546		1
Subtotal	43,438		54,773		n/a		38,390		2,921
With an allowance recorded:
Commercial and industrial	891		954		$	91	1,111		99
Commercial real estate	9,065		9,493		2,592		7,925		379
Construction and land	2,200		2,356		172		2,545		—
Residential	6,749		6,749		1,330		7,742		219
Home equity	—		—		—		—		—
Consumer and other	—		—		—		—		—
Subtotal	18,905		19,552		4,185		19,323		697
Total:
Commercial and industrial	2,902		4,049		91		3,166		127
Commercial real estate	30,565		38,193		2,592		32,846		2,862
Construction and land	11,421		13,489		172		4,142		—
Residential	16,399		17,537		1,330		16,963		625
Home equity	50		50		—		50		3
Consumer and other	1,006		1,007		—		546		1
Total	$	62,343	$	74,325	$	4,185	$	57,713	$	3,618

___________________

(1) Recorded investment represents the client loan balance net of historical charge-offs and historical nonaccrual interest paid, which was applied to principal.

The following tables present the Company’s allowance for loan losses and loan portfolio at June 30, 2015 and December 31, 2014 by portfolio segment, disaggregated by method of impairment analysis. The Company had no loans acquired with deteriorated credit quality at June 30, 2015 or December 31, 2014.

	Commercial and industrial		Commercial real estate		Construction and land		Residential
	(In thousands)
Allowance for loan losses balance at June 30, 2015 attributable to:
Loans collectively evaluated	$	14,305	$	43,357	$	5,246	$	9,160
Loans individually evaluated	316		776		172		1,234
Total allowance for loan losses	$	14,621	$	44,133	$	5,418	$	10,394
Recorded investment (loan balance) at June 30, 2015:
Loans collectively evaluated	$	999,232	$	1,802,221	$	157,511	$	2,157,940
Loans individually evaluated	3,180		25,194		3,415		17,568
Total Loans	$	1,002,412	$	1,827,415	$	160,926	$	2,175,508
	Home equity		Consumer and other		Unallocated		Total
	(In thousands)
Allowance for loan losses balance at June 30, 2015 attributable to:
Loans collectively evaluated	$	1,024	$	528	$	2,133	$	75,753
Loans individually evaluated	—		—		—		2,498
Total allowance for loan losses	$	1,024	$	528	$	2,133	$	78,251
Recorded investment (loan balance) at June 30, 2015:
Loans collectively evaluated	$	120,415	$	175,517	$	—	$	5,412,836
Loans individually evaluated	50		1,007		—		50,414
Total Loans	$	120,465	$	176,524	$	—	$	5,463,250

	Commercial and industrial		Commercial real estate		Construction and land		Residential
	(In thousands)
Allowance for loan losses balance at December 31, 2014 attributable to:
Loans collectively evaluated	$	14,023	$	41,262	$	3,869	$	9,044
Loans individually evaluated	91		2,592		172		1,330
Total allowance for loan losses	$	14,114	$	43,854	$	4,041	$	10,374
Recorded investment (loan balance) at December 31, 2014:
Loans collectively evaluated	$	950,183	$	1,757,839	$	113,928	$	2,115,696
Loans individually evaluated	2,902		30,564		11,421		16,399
Total Loans	$	953,085	$	1,788,403	$	125,349	$	2,132,095
	Home equity		Consumer and other		Unallocated		Total
	(In thousands)
Allowance for loan losses balance at December 31, 2014 attributable to:
Loans collectively evaluated	$	1,003	$	382	$	2,070	$	71,653
Loans individually evaluated	—		—		—		4,185
Total allowance for loan losses	$	1,003	$	382	$	2,070	$	75,838
Recorded investment (loan balance) at December 31, 2014:
Loans collectively evaluated	$	114,809	$	155,138	$	—	$	5,207,593
Loans individually evaluated	50		1,007		—		62,343
Total Loans	$	114,859	$	156,145	$	—	$	5,269,936

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following tables present the balance of TDRs that were restructured or defaulted during the periods indicated:

	As of and for the three months ended June 30, 2015
	Restructured current quarter					TDRs that defaulted in the current quarter that were restructured in prior twelve months
	# of Loans	Pre- modification recorded investment		Post- modification recorded investment		# of Loans	Post- modification recorded investment
	(Dollars in thousands)
Commercial and industrial (1)	1	$	1,298	$	1,304	—	$	—
Commercial real estate (2)	1	4,118		4,118		—	—
Construction and land	—	—		—		—	—
Residential (3)	2	131		134		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	4	$	5,547	$	5,556	—	$	—

___________________

(1) Represents the following concessions: combination of concessions.

(2) Represents the following concessions: extension of term.

(3) Represents the following concessions: temporary reduction of interest rate (1 loan; post-modification recorded investment of $0.1 million); payment deferral (1 loan; post-modification recorded investment of less than $0.1 million).

	As of and for the six months ended June 30, 2015
	Restructured year to date					TDRs that defaulted year to date that were restructured in prior twelve months
	# of Loans	Pre- modification recorded investment		Post- modification recorded investment		# of Loans	Post- modification recorded investment
	(Dollars in thousands)
Commercial and industrial (1)	1	$	1,298	$	1,304	—	$	—
Commercial real estate (2)	1	4,118		4,118		—	—
Construction and land	—	—		—		—	—
Residential (3)	8	513		516		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	10	$	5,929	$	5,938	—	$	—

___________________

(1) Represents the following concessions: combination of concessions.

(2) Represents the following concessions: extension of term.

(3) Represents the following concessions: temporary reduction of interest rate (7 loans; post-modification recorded investment of $0.5 million); payment deferral (1 loan; post-modification recorded investment of less than $0.1 million).

	As of and for the three months ended June 30, 2014
	Restructured current quarter					TDRs that defaulted in the current quarter that were restructured in prior twelve months
	# of Loans	Pre- modification recorded investment		Post- modification recorded investment		# of Loans	Post- modification recorded investment
	(Dollars in thousands)
Commercial and industrial	—	$	—	$	—	—	$	—
Commercial real estate	—	—		—		—	—
Construction and land	—	—		—		—	—
Residential (1)	2	115		115		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	2	$	115	$	115	—	$	—

___________________

(1) Represents the following concessions: temporary reduction of interest rate.

	As of and for the six months ended June 30, 2014
	Restructured year to date					TDRs that defaulted year to date that were restructured in prior twelve months
	# of Loans	Pre- modification recorded investment		Post- modification recorded investment		# of Loans	Post- modification recorded investment
	(Dollars in thousands)
Commercial and industrial	—	$	—	$	—	—	$	—
Commercial real estate	—	—		—		—	—
Construction and land	—	—		—		—	—
Residential (1)	3	287		296		2	145
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	3	$	287	$	296	2	$	145

___________________

(1) Represents the following concessions: temporary reduction of interest rate.

XML

Loan Portfolio and Credit Quality Nonaccrual Loans by Class of Financing Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 29,891	$ 44,182
Commercial and industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	1,605	2,129
Commercial real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	13,336	18,485
Construction and land [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	3,415	11,422
Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	9,256	9,713
Home equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	1,217	1,320
Consumer and other [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 1,062	$ 1,113

XML

Investments Realized gains and losses from sales of AFS Investments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Gain (Loss) on Investments [Line Items]
Proceeds from Sale of Available-for-sale Securities	$ 820	$ 3	$ 5,835	$ 5,331
Available-for-sale Securities, Gross Realized Gains	8	0	16	1
Available-for-sale Securities, Gross Realized Losses	$ 0	$ 0	$ 0	$ 0

XML

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net income attributable to the Company	$ 17,610	$ 21,332	$ 36,393	$ 38,373
Other comprehensive income/ (loss), net of tax [Abstract]
Unrealized gain/ (loss) on securities available for sale	(4,317)	2,226	(1,986)	3,351
Reclassification adjustment for net realized gain/ (loss) included in net income	4	0	9	1
Net unrealized gain/ (loss) on securities available for sale	(4,321)	2,226	(1,995)	3,350
Unrealized gain/ (loss) on cash flow hedges	83	(885)	(1,017)	(1,472)
Reclassification adjustment for net realized gain/ (loss) included in net income	(593)	(422)	(1,184)	(777)
Net change in unrealized gain/ (loss) on cash flow hedges	676	(463)	167	(695)
Net unrealized gain/ (loss) on other	0	0	0	0
Other comprehensive income/ (loss), net of tax	(3,645)	1,763	(1,828)	2,655
Total comprehensive income/ (loss), attributable to the Company, net	$ 13,965	$ 23,095	$ 34,565	$ 41,028

XML

Earnings Per Share

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Earnings Per Share

The two class method of calculating earnings per share (“EPS”) is presented below for the three and six months ended June 30, 2015 and 2014. The following tables present the computations of basic and diluted EPS:

	Three months ended June 30,						Six months ended June 30,
	2015			2014			2015			2014
(In thousands, except share and per share data)
Basic earnings per share - Numerator:
Net income from continuing operations	$	17,327		$	20,907		$	35,245		$	37,256
Less: Net income attributable to noncontrolling interests	1,263			1,025			2,492			2,261
Net income from continuing operations attributable to the Company	16,064			19,882			32,753			34,995
Decrease/ (increase) in noncontrolling interests’ redemption values (1)	(157		)	(253		)	(251		)	(369		)
Dividends on participating securities	(907		)	(942		)	(1,818		)	(1,887		)
Total adjustments to income attributable to common shareholders	(1,064		)	(1,195		)	(2,069		)	(2,256		)
Net income from continuing operations attributable to common shareholders, before allocation to participating securities	15,000			18,687			30,684			32,739
Less: Amount allocated to participating securities	(28		)	(118		)	(75		)	(218		)
Net income from continuing operations attributable to common shareholders, after allocation to participating securities	$	14,972		$	18,569		$	30,609		$	32,521
Net income from discontinued operations, before allocation to participating securities	$	1,546		$	1,450		$	3,640		$	3,378
Less: Amount allocated to participating securities	(5		)	(14		)	(17		)	(37		)
Net income from discontinued operations, after allocation to participating securities	$	1,541		$	1,436		$	3,623		$	3,341
Net income attributable to common shareholders, before allocation to participating securities	$	16,546		$	20,137		$	34,324		$	36,117
Less: Amount allocated to participating securities	(33		)	(132		)	(92		)	(255		)
Net income attributable to common shareholders, after allocation to participating securities	$	16,513		$	20,005		$	34,232		$	35,862
Basic earnings per share - Denominator:
Weighted average basic common shares outstanding	80,778,562			78,438,636			80,647,191			78,292,721
Per share data - Basic earnings per share from:
Continuing operations	$	0.18		$	0.24		$	0.38		$	0.42
Discontinued operations	$	0.02		$	0.02		$	0.04		$	0.04
Total attributable to common shareholders	$	0.20		$	0.26		$	0.42		$	0.46

	Three months ended June 30,				Six months ended June 30,
	2015		2014		2015		2014
(In thousands, except share and per share data)
Diluted earnings per share - Numerator:
Net income from continuing operations attributable to common shareholders, after allocation to participating securities	$	14,972	$	18,569	$	30,609	$	32,521
Add back: income allocated to dilutive securities	—		—		—		—
Net income from continuing operations attributable to common shareholders, after allocation to participating securities, after assumed dilution	14,972		18,569		30,609		32,521
Net income from discontinued operations, after allocation to participating securities	1,541		1,436		3,623		3,341
Net income attributable to common shareholders, after allocation to participating securities, after assumed dilution	$	16,513	$	20,005	$	34,232	$	35,862
Diluted earnings per share - Denominator:
Weighted average basic common shares outstanding	80,778,562		78,438,636		80,647,191		78,292,721
Dilutive effect of:
Stock options and non-participating performance-based and certain time-based restricted stock (2)	1,009,576		685,683		967,330		693,420
Warrants to purchase common stock (2)	1,250,343		1,174,106		1,214,308		1,172,701
Dilutive common shares	2,259,919		1,859,789		2,181,638		1,866,121
Weighted average diluted common shares outstanding (2)	83,038,481		80,298,425		82,828,829		80,158,842
Per share data - Diluted earnings per share from:
Continuing operations	$	0.18	$	0.23	$	0.37	$	0.41
Discontinued operations	$	0.02	$	0.02	$	0.04	$	0.04
Total attributable to common shareholders	$	0.20	$	0.25	$	0.41	$	0.45
Dividends per share declared and paid on common stock	$	0.09	$	0.08	$	0.18	$	0.16

_____________________

(1) See Part II. Item 8. “Financial Statements and Supplementary Data—Note 14: Noncontrolling Interests” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 for a description of the redemption values related to the redeemable noncontrolling interests. In accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 480, Distinguishing Liabilities from Equity (“ASC 480”), an increase in redemption value from period to period reduces income attributable to common shareholders. Decreases in redemption value from period to period increase income attributable to common shareholders, but only to the extent that the cumulative change in redemption value remains a cumulative increase since adoption of this standard in the first quarter of 2009.

(2) The diluted EPS computations for the three and six months ended June 30, 2015 and 2014 do not assume the conversion, exercise, or contingent issuance of the following shares for the following periods because the result would have been anti-dilutive for the periods indicated. As a result of the anti-dilution, the potential common shares excluded from the diluted EPS computation are as follows:

	Three months ended June 30,		Six months ended June 30,
(In thousands)	2015	2014	2015	2014
Shares excluded due to exercise price exceeding the average market price of common shares during the period (total outstanding):
Potential common shares from:
Stock options, restricted stock, or other dilutive securities	538	780	585	865
Total shares excluded due to exercise price exceeding the average market price of common shares during the period	538	780	585	865

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Derivatives and Hedging Activities Effect of Derivative Instruments on Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ 140	$ (1,513)	$ (1,733)	$ (2,514)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(1,022)	(732)	(2,040)	(1,348)
Interest Expense [Member] | Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(1,022)	(732)	(2,040)	(1,348)
Cash Flow Hedging [Member] | Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ 140	$ (1,513)	$ (1,733)	$ (2,514)

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Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Gain (Loss) on Sale of Securities, Net	$ 8	$ 0	$ 16	$ 1
Interest Expense, Junior Subordinated Debentures	(967)	(965)	(1,923)	(1,920)
Interest Expense, Deposits	(3,822)	(3,375)	(7,714)	(6,591)
Income tax expense	8,000	10,333	16,572	17,471
Net Income (Loss) Attributable to Parent	17,610	21,332	36,393	38,373
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(589)	(422)	(1,175)	(776)
Reclassification Out of Accumulated Comprehensive Income, Pre-tax [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Gain (Loss) on Sale of Securities, Net	8	0	16	1
Reclassification Out of Accumulated Comprehensive Income, Tax effect [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income tax expense	4	0	7	0
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Net Income (Loss) Attributable to Parent	4	0	9	1
Hedges related to junior subordinated debt [Member] | Reclassification Out of Accumulated Comprehensive Income, Pre-tax [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest Expense, Junior Subordinated Debentures	(473)	(481)	(944)	(954)
Hedges related to junior subordinated debt [Member] | Reclassification Out of Accumulated Comprehensive Income, Tax effect [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income tax expense	(202)	(206)	(404)	(407)
Hedges related to junior subordinated debt [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Net Income (Loss) Attributable to Parent	(271)	(275)	(540)	(547)
Hedges related to deposits [Member] | Reclassification Out of Accumulated Comprehensive Income, Pre-tax [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest Expense, Deposits	(549)	(251)	(1,096)	(394)
Hedges related to deposits [Member] | Reclassification Out of Accumulated Comprehensive Income, Tax effect [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income tax expense	(227)	(104)	(452)	(164)
Hedges related to deposits [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Net Income (Loss) Attributable to Parent	$ (322)	$ (147)	$ (644)	$ (230)

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Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2015

Allowance for Loan Losses [Abstract]

Allowance for Credit Losses on Financing Receivables [Table Text Block]

The following tables present a summary of the changes in the allowance for loan losses for the periods indicated:

	As of and for the three months ended June 30,						As of and for the six months ended June 30,
	2015			2014			2015			2014
	(In thousands)
Allowance for loan losses, beginning of period:
Commercial and industrial	$	14,337		$	12,200		$	14,114		$	12,837
Commercial real estate	43,552			46,366			43,854			44,979
Construction and land	5,411			4,972			4,041			4,465
Residential	10,397			9,746			10,374			10,732
Home equity	1,016			963			1,003			1,020
Consumer and other	508			330			382			322
Unallocated	2,042			2,028			2,070			2,016
Total allowance for loan losses, beginning of period	77,263			76,605			75,838			76,371
Provision/ (credit) for loan losses:
Commercial and industrial	204			357			(1,777		)	(570		)
Commercial real estate	(333		)	(4,323		)	(1,266		)	(3,266		)
Construction and land	7			(654		)	234			(298		)
Residential	(52		)	(229		)	20			(1,677		)
Home equity	8			14			21			(43		)
Consumer and other	75			(59		)	205			(252		)
Unallocated	91			(106		)	63			(94		)
Total provision/(credit) for loan losses	—			(5,000		)	(2,500		)	(6,200		)
Loans charged-off:
Commercial and industrial	(3		)	(285		)	(3		)	(334		)
Commercial real estate	—			(500		)	—			(500		)
Construction and land	—			—			—			—
Residential	—			—			(49		)	(88		)
Home equity	—			—			—			—
Consumer and other	(55		)	(14		)	(60		)	(22		)
Total charge-offs	(58		)	(799		)	(112		)	(944		)
Recoveries on loans previously charged-off:
Commercial and industrial	83			869			2,287			1,208
Commercial real estate	914			2,543			1,545			2,873
Construction and land	—			262			1,143			413
Residential	49			52			49			602
Home equity	—			15			—			15
Consumer and other	—			—			1			209
Total recoveries	1,046			3,741			5,025			5,320

	As of and for the three months ended June 30,				As of and for the six months ended June 30,
	2015		2014		2015		2014
	(In thousands)
Allowance for loan losses at end of period:
Commercial and industrial	14,621		13,141		14,621		13,141
Commercial real estate	44,133		44,086		44,133		44,086
Construction and land	5,418		4,580		5,418		4,580
Residential	10,394		9,569		10,394		9,569
Home equity	1,024		992		1,024		992
Consumer and other	528		257		528		257
Unallocated	2,133		1,922		2,133		1,922
Total allowance for loan losses at end of period	$	78,251	$	74,547	$	78,251	$	74,547

Impaired Financing Receivables [Table Text Block]

The following tables present, by class of receivable, the balance of impaired loans with and without a related allowance, the associated allowance for those impaired loans with a related allowance, and the total unpaid principal on impaired loans:

	As of and for the three and six months ended June 30, 2015
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		QTD Average Recorded Investment		YTD Average Recorded Investment		QTD Interest Income Recognized while Impaired		YTD Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	1,479	$	1,537	n/a		$	509	$	1,152	$	1	$	808
Commercial real estate	18,050		25,881		n/a		18,675		19,808		72		966
Construction and land	1,215		2,240		n/a		1,243		4,637		—		92
Residential	10,239		11,026		n/a		9,444		9,527		73		151
Home equity	50		50		n/a		50		50		—		1
Consumer and other	1,007		1,007		n/a		1,007		1,007		1		1
Subtotal	32,040		41,741		n/a		30,928		36,181		147		2,019
With an allowance recorded:
Commercial and industrial	1,701		1,714		$	316	1,350		1,203		20		54
Commercial real estate	7,144		7,572		776		8,095		8,504		124		216
Construction and land	2,200		2,356		172		2,200		2,200		—		—
Residential	7,329		7,681		1,234		7,479		7,257		51		100
Home equity	—		—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—		—
Subtotal	18,374		19,323		2,498		19,124		19,164		195		370
Total:
Commercial and industrial	3,180		3,251		316		1,859		2,355		21		862
Commercial real estate	25,194		33,453		776		26,770		28,312		196		1,182
Construction and land	3,415		4,596		172		3,443		6,837		—		92
Residential	17,568		18,707		1,234		16,923		16,784		124		251
Home equity	50		50		—		50		50		—		1
Consumer and other	1,007		1,007		—		1,007		1,007		1		1
Total	$	50,414	$	61,064	$	2,498	$	50,052	$	55,345	$	342	$	2,389

___________________

(1) Recorded investment represents the client loan balance net of historical charge-offs and historical nonaccrual interest paid, which was applied to principal.

	As of and for the three and six months ended June 30, 2014
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		QTD Average Recorded Investment		YTD Average Recorded Investment		QTD Interest Income Recognized while Impaired		YTD Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	2,037	$	3,154	n/a		$	2,043	$	2,081	$	1	$	4
Commercial real estate	24,277		34,378		n/a		25,577		27,804		1,564		1,833
Construction and land	730		1,456		n/a		731		779		—		—
Residential	12,215		12,818		n/a		11,035		8,930		54		198
Home equity	50		50		n/a		50		50		—		1
Consumer and other	1,007		1,007		n/a		257		150		1		1
Subtotal	40,316		52,863		n/a		39,693		39,794		1,620		2,037
With an allowance recorded:
Commercial and industrial	1,060		1,168		$	74	1,089		1,201		19		28
Commercial real estate	7,594		8,022		1,003		7,660		8,091		97		188
Construction and land	2,666		2,897		221		2,696		2,712		—		—
Residential	6,996		6,996		609		7,544		8,850		56		125
Home equity	—		—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—		—
Subtotal	18,316		19,083		1,907		18,989		20,854		172		341
Total:
Commercial and industrial	3,097		4,322		74		3,132		3,282		20		32
Commercial real estate	31,871		42,400		1,003		33,237		35,895		1,661		2,021
Construction and land	3,396		4,353		221		3,427		3,491		—		—
Residential	19,211		19,814		609		18,579		17,780		110		323
Home equity	50		50		—		50		50		—		1
Consumer and other	1,007		1,007		—		257		150		1		1
Total	$	58,632	$	71,946	$	1,907	$	58,682	$	60,648	$	1,792	$	2,378

___________________

(1) Recorded investment represents the client loan balance net of historical charge-offs and historical nonaccrual interest paid, which was applied to principal.

	As of and for the year ended December 31, 2014
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	2,011	$	3,095	n/a		$	2,055	$	28
Commercial real estate	21,500		28,700		n/a		24,921		2,483
Construction and land	9,221		11,133		n/a		1,597		—
Residential	9,650		10,788		n/a		9,221		406
Home equity	50		50		n/a		50		3
Consumer and other	1,006		1,007		n/a		546		1
Subtotal	43,438		54,773		n/a		38,390		2,921
With an allowance recorded:
Commercial and industrial	891		954		$	91	1,111		99
Commercial real estate	9,065		9,493		2,592		7,925		379
Construction and land	2,200		2,356		172		2,545		—
Residential	6,749		6,749		1,330		7,742		219
Home equity	—		—		—		—		—
Consumer and other	—		—		—		—		—
Subtotal	18,905		19,552		4,185		19,323		697
Total:
Commercial and industrial	2,902		4,049		91		3,166		127
Commercial real estate	30,565		38,193		2,592		32,846		2,862
Construction and land	11,421		13,489		172		4,142		—
Residential	16,399		17,537		1,330		16,963		625
Home equity	50		50		—		50		3
Consumer and other	1,006		1,007		—		546		1
Total	$	62,343	$	74,325	$	4,185	$	57,713	$	3,618

___________________

(1) Recorded investment represents the client loan balance net of historical charge-offs and historical nonaccrual interest paid, which was applied to principal.

The following tables present the Company’s allowance for loan losses and loan portfolio at June 30, 2015 and December 31, 2014 by portfolio segment, disaggregated by method of impairment analysis. The Company had no loans acquired with deteriorated credit quality at June 30, 2015 or December 31, 2014.

	Commercial and industrial		Commercial real estate		Construction and land		Residential
	(In thousands)
Allowance for loan losses balance at June 30, 2015 attributable to:
Loans collectively evaluated	$	14,305	$	43,357	$	5,246	$	9,160
Loans individually evaluated	316		776		172		1,234
Total allowance for loan losses	$	14,621	$	44,133	$	5,418	$	10,394
Recorded investment (loan balance) at June 30, 2015:
Loans collectively evaluated	$	999,232	$	1,802,221	$	157,511	$	2,157,940
Loans individually evaluated	3,180		25,194		3,415		17,568
Total Loans	$	1,002,412	$	1,827,415	$	160,926	$	2,175,508
	Home equity		Consumer and other		Unallocated		Total
	(In thousands)
Allowance for loan losses balance at June 30, 2015 attributable to:
Loans collectively evaluated	$	1,024	$	528	$	2,133	$	75,753
Loans individually evaluated	—		—		—		2,498
Total allowance for loan losses	$	1,024	$	528	$	2,133	$	78,251
Recorded investment (loan balance) at June 30, 2015:
Loans collectively evaluated	$	120,415	$	175,517	$	—	$	5,412,836
Loans individually evaluated	50		1,007		—		50,414
Total Loans	$	120,465	$	176,524	$	—	$	5,463,250

	Commercial and industrial		Commercial real estate		Construction and land		Residential
	(In thousands)
Allowance for loan losses balance at December 31, 2014 attributable to:
Loans collectively evaluated	$	14,023	$	41,262	$	3,869	$	9,044
Loans individually evaluated	91		2,592		172		1,330
Total allowance for loan losses	$	14,114	$	43,854	$	4,041	$	10,374
Recorded investment (loan balance) at December 31, 2014:
Loans collectively evaluated	$	950,183	$	1,757,839	$	113,928	$	2,115,696
Loans individually evaluated	2,902		30,564		11,421		16,399
Total Loans	$	953,085	$	1,788,403	$	125,349	$	2,132,095
	Home equity		Consumer and other		Unallocated		Total
	(In thousands)
Allowance for loan losses balance at December 31, 2014 attributable to:
Loans collectively evaluated	$	1,003	$	382	$	2,070	$	71,653
Loans individually evaluated	—		—		—		4,185
Total allowance for loan losses	$	1,003	$	382	$	2,070	$	75,838
Recorded investment (loan balance) at December 31, 2014:
Loans collectively evaluated	$	114,809	$	155,138	$	—	$	5,207,593
Loans individually evaluated	50		1,007		—		62,343
Total Loans	$	114,859	$	156,145	$	—	$	5,269,936

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Investments Schedule of Available-for-sale and Held-to-Maturity Securities (Details) - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis		$ 992,118	$ 826,858
Available-for-sale Securities, Gross Unrealized Gains		6,581	6,783
Available-for-sale Securities, Gross Unrealized Losses		(6,692)	(3,648)
Available-for-sale securities at fair value		992,007	829,993
Held-to-maturity Securities		128,258	140,727
Held-to-maturity Securities, Unrecognized Holding Gain		1,112	1,638
Held-to-maturity Securities, Unrecognized Holding Loss		(189)	(26)
Held-to-maturity Securities, Fair Value		129,181	142,339
US Government and Government Agencies and Authorities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis		21,600	16,894
Available-for-sale Securities, Gross Unrealized Gains		145	32
Available-for-sale Securities, Gross Unrealized Losses		(45)	(44)
Available-for-sale securities at fair value		21,700	16,882
US Government-sponsored Enterprises Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis		294,192	273,538
Available-for-sale Securities, Gross Unrealized Gains		1,921	983
Available-for-sale Securities, Gross Unrealized Losses		(136)	(268)
Available-for-sale securities at fair value		295,977	274,253
Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis		254,444	232,415
Available-for-sale Securities, Gross Unrealized Gains		2,431	3,268
Available-for-sale Securities, Gross Unrealized Losses		(1,261)	(435)
Available-for-sale securities at fair value		255,614	235,248
Mortgage Backed Securities, Other [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	[1]	404,778	284,403
Available-for-sale Securities, Gross Unrealized Gains	[1]	1,762	2,191
Available-for-sale Securities, Gross Unrealized Losses	[1]	(5,228)	(2,890)
Available-for-sale securities at fair value	[1]	401,312	283,704
Held-to-maturity Securities	[1]	128,258	140,727
Held-to-maturity Securities, Unrecognized Holding Gain	[1]	1,112	1,638
Held-to-maturity Securities, Unrecognized Holding Loss	[1]	(189)	(26)
Held-to-maturity Securities, Fair Value	[1]	129,181	142,339
Other Aggregated Investments [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis		17,104	19,608
Available-for-sale Securities, Gross Unrealized Gains		322	309
Available-for-sale Securities, Gross Unrealized Losses		(22)	(11)
Available-for-sale securities at fair value		$ 17,404	$ 19,906

[1] All mortgage-backed securities are guaranteed by U.S. government agencies or Government-sponsored entities.

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Restructuring

6 Months Ended

Jun. 30, 2015

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

Restructuring

On May 27, 2011, the Company completed the merger of its four private banks, operating in the New England, San Francisco Bay, Southern California and Pacific Northwest markets, under a single Massachusetts charter. During this period of restructuring, the Company sought to reduce expenses by simplifying the portfolio businesses and streamlining the Holding Company structure, while incurring certain merger-related expenses such as severance charges, costs to terminate contracts, legal, audit and consulting costs, and other costs. The Company substantially completed the merger-related restructuring as planned in the first half of 2012.

During the second half of 2012, the Company implemented a senior executive restructuring at the Holding Company and Bank. The purpose of this restructuring was to create a more streamlined organization and to refine the Company’s cost base. To implement the new structure the Company incurred an additional severance charge of $4.8 million, all during the second half of 2012. The Company expects no additional severance charges associated with this initiative.

In the fourth quarter of 2014, the Company incurred restructuring charges related to the acquisition of Banyan. The purpose of this restructuring was to realign the management structure within the Wealth Management and Trust segment. The total cost of the restructuring incurred in Q4 2014 was $0.7 million. In the second quarter of 2015, the Company incurred additional restructuring charges to further refine the management structure within the Wealth Management and Trust Segment. The total cost of the restructuring incurred in Q2 2015 was $0.2 million. The Company expects to incur an additional $0.3 million in lease termination costs in the second half of 2015 related to this restructuring plan.

Restructuring expenses incurred since the plans of restructuring were first implemented in 2011 totaled $14.9 million, with the Private Banking segment incurring $9.5 million, the Wealth Management and Trust segment incurring $0.9 million and the remaining $4.5 million incurred by the Holding Company.

The following table presents a summary of the restructuring activity for the three and six months ended June 30, 2015 and 2014:

	Severance Charges			Total
	(In thousands)
Accrued charges at December 31, 2014	$	739		$	739
Costs incurred	—			—
Costs paid	(489		)	(489		)
Accrued charges at March 31, 2015	250			250
Costs incurred	220			220
Costs paid	(81		)	(81		)
Accrued charges at June 30, 2015	$	389		$	389
Accrued charges at December 31, 2013	$	33		$	33
Costs incurred	—			—
Costs paid	(33		)	(33		)
Accrued charges at March 31, 2014	—			—
Costs incurred	—			—
Costs paid	—			—
Accrued charges at June 30, 2014	$	—		$	—