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 September 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 November 6, 2015:

Common Stock, Par Value $1.00 Per Share	83,652,864
(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	63
Item 3	Quantitative and Qualitative Disclosures about Market Risk	64
Item 4	Controls and Procedures	64
PART II—OTHER INFORMATION
Item 1	Legal Proceedings	65
Item 1A	Risk Factors	65
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	65
Item 3	Defaults upon Senior Securities	65
Item 4	Mine Safety Disclosures	65
Item 5	Other Information	65
Item 6	Exhibits	65
	Signature Page	66
	Certifications

i

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

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (Unaudited)

	September 30, 2015		December 31, 2014
	(In thousands, except share and per share data)
Assets:
Cash and cash equivalents	$	43,640	$	172,609
Investment securities available for sale (amortized cost of $1,016,215 and $826,858 at September 30, 2015 and December 31, 2014, respectively)	1,023,255		829,993
Investment securities held to maturity (fair value of $123,186 and $142,339 at September 30, 2015 and December 31, 2014, respectively)	121,679		140,727
Stock in Federal Home Loan Banks	35,518		32,281
Loans held for sale	7,685		7,099
Total loans	5,607,472		5,269,936
Less: Allowance for loan losses	79,246		75,838
Net loans	5,528,226		5,194,098
Other real estate owned (“OREO”)	776		929
Premises and equipment, net	30,841		32,199
Goodwill	152,082		152,082
Intangible assets, net	34,806		39,718
Fees receivable	11,308		12,517
Accrued interest receivable	17,039		16,071
Deferred income taxes, net	45,438		47,576
Other assets	128,235		119,975
Total assets	$	7,180,528	$	6,797,874
Liabilities:
Deposits	$	5,647,859	$	5,453,879
Securities sold under agreements to repurchase	35,698		30,496
Federal funds purchased	60,000		—
Federal Home Loan Bank borrowings	461,899		370,150
Junior subordinated debentures	106,363		106,363
Other liabilities	109,695		112,170
Total liabilities	6,421,514		6,073,058
Redeemable Noncontrolling Interests	18,257		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 September 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: 83,645,364 shares at September 30, 2015 and 82,961,855 shares at December 31, 2014	83,645		82,962
Additional paid-in capital	598,968		610,903
Retained earnings/ (accumulated deficit)	5,960		(37,396		)
Accumulated other comprehensive income/ (loss)	1,287		(697		)
Total Company’s shareholders’ equity	737,613		703,525
Noncontrolling interests	3,144		386
Total shareholders’ equity	740,757		703,911
Total liabilities, redeemable noncontrolling interests and shareholders’ equity	$	7,180,528	$	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 September 30,						Nine months ended September 30,
	2015			2014			2015		2014
	(In thousands, except share and per share data)
Interest and dividend income:
Loans	$	48,058		$	47,931		$	142,721	$	144,541
Taxable investment securities	1,094			876			3,164		2,242
Non-taxable investment securities	1,264			942			3,410		2,760
Mortgage-backed securities	2,681			1,605			8,070		5,230
Federal funds sold and other	425			379			941		978
Total interest and dividend income	53,522			51,733			158,306		155,751
Interest expense:
Deposits	4,007			3,603			11,721		10,194
Federal Home Loan Bank borrowings	2,051			2,354			5,999		7,039
Junior subordinated debentures	979			976			2,902		2,896
Repurchase agreements and other short-term borrowings	12			17			54		49
Total interest expense	7,049			6,950			20,676		20,178
Net interest income	46,473			44,783			137,630		135,573
Provision/ (credit) for loan losses	2,600			(2,600		)	100		(8,800		)
Net interest income after provision/ (credit) for loan losses	43,873			47,383			137,530		144,373
Fees and other income:
Investment management fees	11,360			12,011			34,805		35,226
Wealth advisory fees	12,515			12,278			37,868		35,730
Wealth management and trust fees	12,424			7,251			39,527		21,255
Other banking fee income	2,780			1,835			6,721		5,192
Gain on sale of loans, net	364			183			1,029		1,966
Gain on sale of investments, net	5			8			21		9
Gain/ (loss) on OREO, net	35			150			124		988
Other	(37		)	53			3,356		510
Total fees and other income	39,446			33,769			123,451		100,876
Operating expense:
Salaries and employee benefits	37,938			35,855			119,881		106,767
Occupancy and equipment	9,064			7,346			27,194		22,492
Professional services	2,848			2,796			9,083		9,165
Marketing and business development	2,008			1,408			5,062		5,564
Contract services and data processing	1,600			1,404			4,532		4,289
Amortization of intangibles	1,655			1,031			4,912		3,129
FDIC insurance	916			857			2,890		2,607
Restructuring	1,504			—			1,724		—
Other	4,396			3,302			12,496		9,356
Total operating expense	61,929			53,999			187,774		163,369
Income before income taxes	21,390			27,153			73,207		81,880
Income tax expense	8,182			8,993			24,754		26,464
Net income from continuing operations	13,208			18,160			48,453		55,416
Net income from discontinued operations	1,316			1,272			4,956		4,650
Net income before attribution to noncontrolling interests	14,524			19,432			53,409		60,066
(Continued)

2

	Three months ended September 30,					Nine months ended September 30,
	2015		2014			2015			2014
	(In thousands, except share and per share data)
Less: Net income attributable to noncontrolling interests	994		1,167			3,486			3,428
Net income attributable to the Company	$	13,530	$	18,265		$	49,923		$	56,638
Adjustments to net income attributable to the Company to arrive at net income attributable to common shareholders	$	146	$	(871	)	$	(2,006	)	$	(3,380	)
Net income attributable to common shareholders for earnings per share calculation	$	13,676	$	17,394		$	47,917		$	53,258
Basic earnings per share attributable to common shareholders:
From continuing operations:	$	0.15	$	0.20		$	0.53		$	0.62
From discontinued operations:	$	0.02	$	0.02		$	0.06		$	0.06
Total attributable to common shareholders:	$	0.17	$	0.22		$	0.59		$	0.68
Weighted average basic common shares outstanding	81,103,938		78,687,062			80,801,113			78,425,613
Diluted earnings per share attributable to common shareholders:
From continuing operations:	$	0.15	$	0.20		$	0.52		$	0.60
From discontinued operations:	$	0.01	$	0.02		$	0.06		$	0.06
Total attributable to common shareholders:	$	0.16	$	0.22		$	0.58		$	0.66
Weighted average diluted common shares outstanding	83,369,195		80,610,958			83,017,921			80,324,628

See accompanying notes to consolidated financial statements.

3

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)

	Three months ended September 30,						Nine months ended September 30,
	2015			2014			2015			2014
	(In thousands)
Net income attributable to the Company	$	13,530		$	18,265		$	49,923		$	56,638
Other comprehensive income/ (loss), net of tax:
Unrealized gain/ (loss) on securities available for sale	4,337			(659		)	2,351			2,692
Reclassification adjustment for net realized gain/ (loss) included in net income	3			4			12			5
Net unrealized gain/ (loss) on securities available for sale	4,334			(663		)	2,339			2,687
Unrealized gain/ (loss) on cash flow hedges	(1,118		)	390			(2,135		)	(1,082		)
Reclassification adjustment for net realized gain/ (loss) included in net income	(597		)	(503		)	(1,781		)	(1,280		)
Net unrealized gain/ (loss) on cash flow hedges	(521		)	893			(354		)	198
Net unrealized gain/ (loss) on other	(1		)	—			(1		)	—
Other comprehensive income/ (loss), net of tax	3,812			230			1,984			2,885
Total comprehensive income attributable to the Company, net	$	17,342		$	18,495		$	51,907		$	59,523

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	—		—		—			56,638			—			—		56,638
Other comprehensive income/ (loss), net	—		—		—			—			2,885			—		2,885
Dividends paid to common shareholders: $0.24 per share	—		—		(19,216		)	—			—			—		(19,216		)
Dividends paid to preferred shareholders	—		—		(2,606		)	—			—			—		(2,606		)
Net change in noncontrolling interests	—		—		—			—			—			92		92
Net proceeds from issuance of:
126,219 shares of common stock	—		126		1,130			—			—			—		1,256
493,290 shares of incentive stock grants, net of 75,598 shares canceled or forfeited and 128,003 shares withheld for employee taxes	—		289		(1,899		)	—			—			—		(1,610		)
Amortization of stock compensation and employee stock purchase plan	—		—		4,024			—			—			—		4,024
Stock options exercised	—		211		1,423			—			—			—		1,634
Tax benefit/ (deficiency) from certain stock compensation awards	—		—		1,016			—			—			—		1,016
Other equity adjustments	—		—		(2,170		)	—			—			—		(2,170		)
Balance, September 30, 2014	$	47,753	$	80,464	$	598,036		$	(49,573	)	$	(1,312	)	$	263	$	675,631
Balance, December 31, 2014	$	47,753	$	82,962	$	610,903		$	(37,396	)	$	(697	)	$	386	$	703,911
Net income attributable to the Company	—		—		—			49,923			—			—		49,923
Other comprehensive income/ (loss), net	—		—		—			—			1,984			—		1,984
Dividends paid to common shareholders: $0.27 per share	—		—		(16,703		)	(5,698		)	—			—		(22,401		)
Dividends paid to preferred shareholders	—		—		(1,737		)	(869		)	—			—		(2,606		)
Net change in noncontrolling interests	—		—		—			—			—			2,758		2,758
Net proceeds from issuance of:
138,463 shares of common stock	—		138		1,437			—			—			—		1,575
705,585 shares of incentive stock grants, net of 145,992 shares canceled or forfeited and 154,862 shares withheld for employee taxes	—		405		(2,340		)	—			—			—		(1,935		)
Amortization of stock compensation and employee stock purchase plan	—		—		7,631			—			—			—		7,631
Stock options exercised	—		140		983			—			—			—		1,123
Tax benefit/ (deficiency) from certain stock compensation awards	—		—		(1,008		)	—			—			—		(1,008		)
Other equity adjustments	—		—		(198		)	—			—			—		(198		)
Balance, September 30, 2015	$	47,753	$	83,645	$	598,968		$	5,960		$	1,287		$	3,144	$	740,757

See accompanying notes to consolidated financial statements.

5

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

	Nine months ended September 30,
	2015			2014
	(In thousands)
Cash flows from operating activities:
Net income attributable to the Company	$	49,923		$	56,638
Adjustments to arrive at net income from continuing operations
Net income attributable to noncontrolling interests	3,486			3,428
Less: Net income from discontinued operations	(4,956		)	(4,650		)
Net income from continuing operations	48,453			55,416
Adjustments to reconcile net income from continuing operations to net cash provided by/ (used in) operating activities:
Depreciation and amortization	16,921			13,700
Net income attributable to noncontrolling interests	(3,486		)	(3,428		)
Equity issued as compensation	7,631			4,024
Provision/ (credit) for loan losses	100			(8,800		)
Loans originated for sale	(128,194		)	(48,625		)
Proceeds from sale of loans held for sale	128,637			50,171
Deferred income tax expense/ (benefit)	(109		)	4,642
Net decrease/ (increase) in other operating activities	(7,798		)	15,564
Net cash provided by/ (used in) operating activities of continuing operations	62,155			82,664
Net cash provided by/ (used in) operating activities of discontinued operations	4,956			4,650
Net cash provided by/ (used in) operating activities	67,111			87,314
Cash flows from investing activities:
Investment securities available for sale:
Purchases	(362,430		)	(192,350		)
Sales	5,850			5,566
Maturities, redemptions, and principal payments	162,040			153,869
Investment securities held to maturity:
Purchases	—			(34,936		)
Principal payments	18,449			13,847
(Investments)/ distributions in trusts, net	(68		)	(362		)
(Purchase)/ redemption of Federal Home Loan Banks stock	(3,237		)	6,078
Net (increase)/ decrease in portfolio loans	(340,813		)	(161,145		)
Proceeds from recoveries of loans previously charged-off	5,340			9,771
Proceeds from sale of OREO	277			988
Proceeds from sale of portfolio loans	—			58,568
Capital expenditures, net of sale proceeds	(3,593		)	(5,165		)
Cash used in other investing activities	—			(1,602		)
Net cash provided by/ (used in) investing activities of continuing operations	(518,185		)	(146,873		)
Net cash provided by/ (used in) investing activities	(518,185		)	(146,873		)
(Continued)

6

	Nine months ended September 30,
	2015			2014
	(In thousands)
Cash flows from financing activities:
Net increase/ (decrease) in deposits	193,980			224,511
Net increase/ (decrease) in securities sold under agreements to repurchase	5,202			(28,931		)
Net increase/ (decrease) in federal funds purchased	60,000			—
Net increase/ (decrease) in short-term Federal Home Loan Bank borrowings	60,000			—
Advances of long-term Federal Home Loan Bank borrowings	67,636			20,000
Repayments of long-term Federal Home Loan Bank borrowings	(35,887		)	(15,887		)
Dividends paid to common shareholders	(22,401		)	(19,216		)
Dividends paid to preferred shareholders	(2,606		)	(2,606		)
Tax benefit/ (deficiency) from certain stock compensation awards	(1,008		)	1,016
Proceeds from stock option exercises	1,123			1,634
Proceeds from issuance of common stock, net	(360		)	(354		)
Distributions paid to noncontrolling interests	(3,317		)	(3,272		)
Other equity adjustments	(257		)	(305		)
Net cash provided by/ (used in) financing activities of continuing operations	322,105			176,590
Net cash provided by/ (used in) financing activities	322,105			176,590
Net increase/ (decrease) in cash and cash equivalents	(128,969		)	117,031
Cash and cash equivalents at beginning of year	172,609			191,881
Cash and cash equivalents at end of period	$	43,640		$	308,912
Supplementary schedule of non-cash investing and financing activities:
Cash paid for interest	$	20,563		$	22,894
Cash paid for income taxes, net of (refunds received)	28,939			19,999
Change in unrealized gain/ (loss) on securities available for sale, net of tax	2,339			2,687
Change in unrealized gain/ (loss) on cash flow hedges, net of tax	(354		)	198
Change in unrealized gain/ (loss) on other, net of tax	(1		)	—
Non-cash transactions:
Loans transferred into/ (out of) held for sale from/ (to) portfolio	—			56,967
Loans charged-off	(2,032		)	(2,059		)

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 nine months ended September 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 September 30,						Nine months ended September 30,
	2015			2014			2015			2014
(In thousands, except share and per share data)
Basic earnings per share - Numerator:
Net income from continuing operations	$	13,208		$	18,160		$	48,453		$	55,416
Less: Net income attributable to noncontrolling interests	994			1,167			3,486			3,428
Net income from continuing operations attributable to the Company	12,214			16,993			44,967			51,988
Decrease/ (increase) in noncontrolling interests’ redemption values (1)	1,028			112			777			(257		)
Dividends on preferred and participating securities	(874		)	(908		)	(2,692		)	(2,795		)
Total adjustments to income attributable to common shareholders	154			(796		)	(1,915		)	(3,052		)
Net income from continuing operations attributable to common shareholders, before allocation to participating securities	12,368			16,197			43,052			48,936
Less: Amount allocated to participating securities	(6		)	(66		)	(73		)	(284		)
Net income from continuing operations attributable to common shareholders, after allocation to participating securities	$	12,362		$	16,131		$	42,979		$	48,652
Net income from discontinued operations, before allocation to participating securities	$	1,316		$	1,272		$	4,956		$	4,650
Less: Amount allocated to participating securities	(2		)	(9		)	(18		)	(44		)
Net income from discontinued operations, after allocation to participating securities	$	1,314		$	1,263		$	4,938		$	4,606
Net income attributable to common shareholders, before allocation to participating securities	$	13,684		$	17,469		$	48,008		$	53,586
Less: Amount allocated to participating securities	(8		)	(75		)	(91		)	(328		)
Net income attributable to common shareholders, after allocation to participating securities	$	13,676		$	17,394		$	47,917		$	53,258
Basic earnings per share - Denominator:
Weighted average basic common shares outstanding	81,103,938			78,687,062			80,801,113			78,425,613
Per share data - Basic earnings per share from:
Continuing operations	$	0.15		$	0.20		$	0.53		$	0.62
Discontinued operations	$	0.02		$	0.02		$	0.06		$	0.06
Total attributable to common shareholders	$	0.17		$	0.22		$	0.59		$	0.68

9

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	Three months ended September 30,				Nine months ended September 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	$	12,362	$	16,131	$	42,979	$	48,652
Add back: income allocated to dilutive securities	—		—		—		—
Net income from continuing operations attributable to common shareholders, after allocation to participating securities, after assumed dilution	12,362		16,131		42,979		48,652
Net income from discontinued operations, after allocation to participating securities	1,314		1,263		4,938		4,606
Net income attributable to common shareholders, after allocation to participating securities, after assumed dilution	$	13,676	$	17,394	$	47,917	$	53,258
Diluted earnings per share - Denominator:
Weighted average basic common shares outstanding	81,103,938		78,687,062		80,801,113		78,425,613
Dilutive effect of:
Stock options and non-participating performance-based and certain time-based restricted stock (2)	1,071,714		756,486		1,002,319		712,889
Warrants to purchase common stock (2)	1,193,543		1,167,410		1,214,489		1,186,126
Dilutive common shares	2,265,257		1,923,896		2,216,808		1,899,015
Weighted average diluted common shares outstanding (2)	83,369,195		80,610,958		83,017,921		80,324,628
Per share data - Diluted earnings per share from:
Continuing operations	$	0.15	$	0.20	$	0.52	$	0.60
Discontinued operations	$	0.01	$	0.02	$	0.06	$	0.06
Total attributable to common shareholders	$	0.16	$	0.22	$	0.58	$	0.66
Dividends per share declared and paid on common stock	$	0.09	$	0.08	$	0.27	$	0.24

_____________________

(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 nine months ended September 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 September 30,		Nine months ended September 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	508	767	559	834
Total shares excluded due to exercise price exceeding the average market price of common shares during the period	508	767	559	834

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

	Three months ended September 30,					Nine months ended September 30,
	2015		2014 (1)			2015		2014 (1)
Private Banking	(In thousands)
Net interest income	$	47,417	$	45,720		$	140,424	$	138,361
Fees and other income	2,728		2,260			8,949		8,442
Total revenues	50,145		47,980			149,373		146,803
Provision/ (credit) for loan losses	2,600		(2,600		)	100		(8,800		)
Operating expense	27,428		26,817			84,514		82,711
Income before income taxes	20,117		23,763			64,759		72,892
Income tax expense	6,287		7,670			20,903		24,485
Net income from continuing operations	13,830		16,093			43,856		48,407
Net income attributable to the Company	$	13,830	$	16,093		$	43,856	$	48,407
Assets	$	7,000,818	$	6,502,182		$	7,000,818	$	6,502,182
Amortization of intangibles	$	46	$	46		$	137	$	173
Depreciation	$	1,110	$	1,292		$	3,474	$	4,022

11

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	Three months ended September 30,					Nine months ended September 30,
	2015			2014 (1)		2015		2014 (1)
Wealth Management and Trust	(In thousands)
Fees and other income	$	12,949		$	7,251	$	41,553	$	21,255
Total revenues	12,949			7,251		41,553		21,255
Operating expense	14,311			5,686		39,419		16,606
Income/ (loss) before income taxes	(1,362		)	1,565		2,134		4,649
Income tax expense/ (benefit)	(539		)	661		961		1,951
Net income/ (loss) from continuing operations	(823		)	904		1,173		2,698
Net income/ (loss) attributable to the Company	$	(823	)	$	904	$	1,173	$	2,698
Assets	$	78,315		$	4,517	$	78,315	$	4,517
AUM	$	8,060,000		$	4,701,000	$	8,060,000	$	4,701,000
Amortization of intangibles	$	624		$	—	$	1,819	$	—
Depreciation	$	196		$	20	$	577	$	63

	Three months ended September 30,				Nine months ended September 30,
	2015		2014		2015		2014
Investment Management	(In thousands)
Net interest income	$	5	$	6	$	16	$	17
Fees and other income	11,365		12,021		34,826		35,237
Total revenues	11,370		12,027		34,842		35,254
Operating expense	8,288		8,884		25,518		26,320
Income before income taxes	3,082		3,143		9,324		8,934
Income tax expense	1,007		1,066		3,049		2,990
Net income from continuing operations	2,075		2,077		6,275		5,944
Noncontrolling interests	596		622		1,853		1,797
Net income attributable to the Company	$	1,479	$	1,455	$	4,422	$	4,147
Assets	$	101,316	$	102,881	$	101,316	$	102,881
AUM	$	9,830,000	$	10,376,000	$	9,830,000	$	10,376,000
Amortization of intangibles	$	739	$	739	$	2,217	$	2,217
Depreciation	$	71	$	56	$	211	$	178

12

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	Three months ended September 30,				Nine months ended September 30,
	2015		2014		2015		2014
Wealth Advisory	(In thousands)
Net interest income	$	1	$	2	$	5	$	6
Fees and other income	12,545		12,209		37,960		35,713
Total revenues	12,546		12,211		37,965		35,719
Operating expense	9,304		8,376		27,156		24,283
Income before income taxes	3,242		3,835		10,809		11,436
Income tax expense	1,277		1,455		4,081		4,356
Net income from continuing operations	1,965		2,380		6,728		7,080
Noncontrolling interests	398		544		1,629		1,589
Net income attributable to the Company	$	1,567	$	1,836	$	5,099	$	5,491
Assets	$	78,205	$	80,319	$	78,205	$	80,319
AUM	$	9,537,000	$	9,731,000	$	9,537,000	$	9,731,000
Amortization of intangibles	$	246	$	246	$	739	$	739
Depreciation	$	218	$	98	$	645	$	252

	Three months ended September 30,						Nine months ended September 30,
	2015			2014			2015			2014
Holding Company and Eliminations	(In thousands)
Net interest income	$	(950	)	$	(945	)	$	(2,815	)	$	(2,811	)
Fees and other income	(141		)	28			163			229
Total revenues	(1,091		)	(917		)	(2,652		)	(2,582		)
Operating expense	2,598			4,236			11,167			13,449
Income/ (loss) before income taxes	(3,689		)	(5,153		)	(13,819		)	(16,031		)
Income tax expense/ (benefit)	150			(1,859		)	(4,240		)	(7,318		)
Net income/ (loss) from continuing operations	(3,839		)	(3,294		)	(9,579		)	(8,713		)
Noncontrolling interests	—			1			4			42
Discontinued operations	1,316			1,272			4,956			4,650
Net income/ (loss) attributable to the Company	$	(2,523	)	$	(2,023	)	$	(4,627	)	$	(4,105	)
Assets (2)	$	(78,126	)	$	(814	)	$	(78,126	)	$	(814	)
AUM	$	(21,000	)	$	(22,000	)	$	(21,000	)	$	(22,000	)
Depreciation	$	12		$	32		$	56		$	173

13

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	Three months ended September 30,					Nine months ended September 30,
	2015		2014			2015		2014
Total Company	(In thousands)
Net interest income	$	46,473	$	44,783		$	137,630	$	135,573
Fees and other income	39,446		33,769			123,451		100,876
Total revenues	85,919		78,552			261,081		236,449
Provision/ (credit) for loan losses	2,600		(2,600		)	100		(8,800		)
Operating expense	61,929		53,999			187,774		163,369
Income before income taxes	21,390		27,153			73,207		81,880
Income tax expense	8,182		8,993			24,754		26,464
Net income from continuing operations	13,208		18,160			48,453		55,416
Noncontrolling interests	994		1,167			3,486		3,428
Discontinued operations	1,316		1,272			4,956		4,650
Net income attributable to the Company	$	13,530	$	18,265		$	49,923	$	56,638
Assets	$	7,180,528	$	6,689,085		$	7,180,528	$	6,689,085
AUM	$	27,406,000	$	24,786,000		$	27,406,000	$	24,786,000
Amortization of intangibles	$	1,655	$	1,031		$	4,912	$	3,129
Depreciation	$	1,607	$	1,498		$	4,963	$	4,688

____________

(1)    Prior to the October 2, 2014 acquisition of Banyan, financial data for the Wealth Management and Trust segment included the trust and wealth management operations of Boston Private Bank only. In prior year presentations, this data was included in the Private Banking segment.

(2)    Assets shown in the Holding Company and Eliminations table include the elimination of the Holding Company’s investments in its affiliates for both periods shown and, for September 30, 2015, the elimination of the Bank’s investment in BP Wealth.

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 September 30, 2015
Available for sale securities at fair value:
U.S. government and agencies	$	21,284	$	281	$	(48	)	$	21,517
Government-sponsored entities	320,563		3,374		(4		)	323,933
Municipal bonds	255,829		3,872		(253		)	259,448
Mortgage-backed securities (1)	400,707		2,167		(2,549		)	400,325
Other	17,832		245		(45		)	18,032
Total	$	1,016,215	$	9,939	$	(2,899	)	$	1,023,255
Held to maturity securities at amortized cost:
Mortgage-backed securities (1)	$	121,679	$	1,529	$	(22	)	$	123,186
Total	$	121,679	$	1,529	$	(22	)	$	123,186
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 September 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	$	70,137	$	70,499
After one, but within five years	385,746		390,101
After five, but within ten years	90,545		91,795
Greater than ten years	469,787		470,860
Total	$	1,016,215	$	1,023,255

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 September 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	121,679		123,186
Total	$	121,679	$	123,186

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 September 30,				Nine months ended September 30,
	2015		2014		2015		2014
	(In thousands)
Proceeds from sales	$	15	$	235	$	5,850	$	5,566
Realized gains	5		8		21		9
Realized losses	—		—		—		—

The following table presents information regarding securities as of September 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	$	533	$	(18	)	$	475	$	(30	)	$	1,008	$	(48	)	2
Government-sponsored entities	9,996		(4		)	—		—			9,996		(4		)	1
Municipal bonds	33,629		(216		)	3,680		(37		)	37,309		(253		)	21
Mortgage-backed securities	189,083		(958		)	69,829		(1,591		)	258,912		(2,549		)	49
Other	88		(21		)	43		(24		)	131		(45		)	17
Total	$	233,329	$	(1,217	)	$	74,027	$	(1,682	)	$	307,356	$	(2,899	)	90
Held to maturity securities
Mortgage-backed securities	$	—	$	—		$	6,738	$	(22	)	$	6,738	$	(22	)	1
Total	$	—	$	—		$	6,738	$	(22	)	$	6,738	$	(22	)	1

The government-sponsored entities securities and mortgage-backed securities in the table above as of September 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 A+.  The U.S. government and agencies securities in the table above were not rated by Standard and Poor’s or Moody’s. The other securities consisted of equity securities.

As of September 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 September 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 September 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 $25.3 million and $27.0 million in cost method investments included in other assets as of September 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 September 30, 2015 and December 31, 2014, aggregated by the level in the fair value hierarchy within which those measurements fall:

	As of September 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	$	21,517	$	20,508	$	1,009	$	—
Government-sponsored entities	323,933		—		323,933		—
Municipal bonds	259,448		—		259,448		—
Mortgage-backed securities	400,325		—		400,325		—
Other	18,032		18,032		—		—
Total available for sale securities	1,023,255		38,540		984,715		—
Derivatives - interest rate customer swaps	10,944		—		10,944		—
Other investments	5,505		5,505		—		—
Liabilities:
Derivatives - interest rate customer swaps	$	11,100	$	—	$	11,100	$	—
Derivatives - interest rate swaps	3,423		—		3,423		—
Derivatives - junior subordinated debenture interest rate swap	458		—		458		—
Derivatives - risk participation agreement	17		—		17		—
Other liabilities	5,498		5,498		—		—

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 September 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 September 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 September 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 September 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 September 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 September 30, 2015 and December 31, 2014.

There were no Level 3 assets at September 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 September 30, 2015 and 2014, respectively, aggregated by the level in the fair value hierarchy within which those measurements fall:

	As of September 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 September 30, 2015			Nine months ended September 30, 2015
	(In thousands)
Assets:
Impaired loans (1)	$	6,704	$	—	$	—	$	6,704	$	(1,914	)	$	(1,914	)

___________________

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

	As of September 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 September 30, 2014			Nine months ended September 30, 2014
	(In thousands)
Assets:
Impaired loans (1)	$	3,825	$	—	$	—	$	3,825	$	(1,100	)	$	(1,600	)

________________

(1) Collateral-dependent impaired loans held at September 30, 2014 that had write-downs in fair value or whose specific reserve changed during the first nine 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 September 30, 2015
	Fair Value		Valuation technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	6,704	Appraisals of Collateral	Discount for costs to sell	7% - 22%	15%
				Appraisal adjustments	0% - 25%	7%

19

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	As of September 30, 2014
	Fair Value		Valuation technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	3,825	Appraisals of Collateral	Discount for costs to sell	0% - 12%	4%
				Appraisal adjustments	0% - 25%	5%

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 September 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	$	43,640	$	43,640	$	43,640	$	—	$	—
Investment securities held to maturity	121,679		123,186		—		123,186		—
Loans held for sale	7,685		7,843		—		7,843		—
Loans, net	5,528,226		5,569,569		—		—		5,569,569
Other financial assets	117,397		117,397		—		117,397		—
FINANCIAL LIABILITIES:
Deposits	5,647,859		5,650,525		—		5,650,525		—
Securities sold under agreements to repurchase	35,698		35,698		—		35,698		—
Federal Funds purchased	60,000		60,000		—		60,000		—
Federal Home Loan Bank borrowings	461,899		468,687		—		468,687		—
Junior subordinated debentures	106,363		96,363		—		—		96,363
Other financial liabilities	2,022		2,022		—		2,022		—

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 held for sale	7,099		7,239		—		7,239		—
Loans, net	5,194,098		5,130,843		—		—		5,130,843
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.

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.

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.

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 ($5.5) million and ($5.4) million as of September 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:

	September 30, 2015		December 31, 2014
	(In thousands)
Commercial and industrial	$	1,036,822	$	953,085
Commercial real estate	1,903,648		1,788,403
Construction and land	170,411		125,349
Residential	2,211,886		2,132,095
Home equity	114,787		114,859
Consumer and other	169,918		156,145
Total Loans	$	5,607,472	$	5,269,936

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

	September 30, 2015		December 31, 2014
	(In thousands)
Commercial and industrial	$	774	$	2,129
Commercial real estate	16,327		18,485
Construction and land	3,348		11,422
Residential	8,957		9,713
Home equity	1,273		1,320
Consumer and other	48		1,113
Total	$	30,727	$	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 $0.1 million of loans 90 days or more past due, but still accruing, as of September 30, 2015 and no loans 90 days or more past due, but still accruing, as of 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:

	September 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	$	2,984	$	708	$	50	$	3,742	$	774	$	—	$	—	$	774	$	1,032,306	$	1,036,822
Commercial real estate	339		—		—		339		10,181		4,870		1,276		16,327		1,886,982		1,903,648
Construction and land	—		—		—		—		188		57		3,103		3,348		167,063		170,411
Residential	—		1,680		—		1,680		2,908		—		6,049		8,957		2,201,249		2,211,886
Home equity	—		93		—		93		219		—		1,054		1,273		113,421		114,787
Consumer and other	1,157		13		—		1,170		23		11		14		48		168,700		169,918
Total	$	4,480	$	2,494	$	50	$	7,024	$	14,293	$	4,938	$	11,496	$	30,727	$	5,569,721	$	5,607,472

	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. Generally, 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:

	September 30, 2015
	By Loan Grade or Nonaccrual Status
	Pass		Special Mention		Accruing Substandard		Nonaccrual Loans		Total
	(In thousands)
Commercial and industrial	$	1,000,130	$	28,792	$	7,126	$	774	$	1,036,822
Commercial real estate	1,820,212		28,886		38,223		16,327		1,903,648
Construction and land	148,512		13,051		5,500		3,348		170,411
Residential	2,196,248		—		6,681		8,957		2,211,886
Home equity	113,514		—		—		1,273		114,787
Consumer and other	167,891		—		1,979		48		169,918
Total	$	5,446,507	$	70,729	$	59,509	$	30,727	$	5,607,472

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

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 nine months ended September 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: (2)
Commercial and industrial	$	2,076	$	2,369	n/a		$	1,954	$	1,441	$	14	$	822
Commercial real estate	15,744		23,696		n/a		17,698		19,140		320		1,286
Construction and land	1,148		2,177		n/a		1,187		3,599		—		92
Residential	10,006		11,409		n/a		9,821		9,573		58		209
Home equity	50		50		n/a		50		50		1		2
Consumer and other	7		7		n/a		257		707		60		61
Subtotal	29,031		39,708		n/a		30,967		34,510		453		2,472
With an allowance recorded:
Commercial and industrial (3)	19		19		$	—	441		848		12		66
Commercial real estate	12,262		14,091		1,300		9,818		9,166		82		298
Construction and land	2,200		2,356		172		2,200		2,200		—		—
Residential	6,254		6,254		1,185		6,908		7,110		43		143
Home equity	—		—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—		—
Subtotal	20,735		22,720		2,657		19,367		19,324		137		507
Total:
Commercial and industrial	2,095		2,388		—		2,395		2,289		26		888
Commercial real estate	28,006		37,787		1,300		27,516		28,306		402		1,584
Construction and land	3,348		4,533		172		3,387		5,799		—		92
Residential	16,260		17,663		1,185		16,729		16,683		101		352
Home equity	50		50		—		50		50		1		2
Consumer and other	7		7		—		257		707		60		61
Total	$	49,766	$	62,428	$	2,657	$	50,334	$	53,834	$	590	$	2,979

___________________

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

26

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

(2) No specific reserve allocation is required due to the adequacy of collateral, prior charge-offs taken, interest collected and applied to principal, or a combination of these items.

(3) The related allowance for the commercial and industrial loan category is immaterial.

	As of and for the three and nine months ended September 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: (2)
Commercial and industrial	$	2,028	$	3,134	n/a		$	2,032	$	2,066	$	1	$	5
Commercial real estate	21,446		32,167		n/a		23,396		26,393		435		2,268
Construction and land	1,416		2,421		n/a		1,019		880		—		—
Residential	9,727		10,331		n/a		10,125		9,080		133		331
Home equity	50		50		n/a		50		50		1		2
Consumer and other	1,007		1,007		n/a		1,007		407		—		1
Subtotal	35,674		49,110		n/a		37,629		38,876		570		2,607
With an allowance recorded:
Commercial and industrial	1,019		1,104		$	93	1,041		1,151		36		64
Commercial real estate	7,493		7,921		910		7,529		7,916		96		284
Construction and land	2,200		2,356		172		2,540		2,648		—		—
Residential	6,206		6,206		596		6,640		8,151		43		168
Home equity	—		—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—		—
Subtotal	16,918		17,587		1,771		17,750		19,866		175		516
Total:
Commercial and industrial	3,047		4,238		93		3,073		3,217		37		69
Commercial real estate	28,939		40,088		910		30,925		34,309		531		2,552
Construction and land	3,616		4,777		172		3,559		3,528		—		—
Residential	15,933		16,537		596		16,765		17,231		176		499
Home equity	50		50		—		50		50		1		2
Consumer and other	1,007		1,007		—		1,007		407		—		1
Total	$	52,592	$	66,697	$	1,771	$	55,379	$	58,742	$	745	$	3,123

___________________

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

(2) No specific reserve allocation is required due to the adequacy of collateral, prior charge-offs taken, interest collected and applied to principal, or a combination of these items.

27

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: (2)
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.

(2) No specific reserve allocation is required due to the adequacy of collateral, prior charge-offs taken, interest collected and applied to principal, or a combination of these items.

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.

28

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

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 September 30, 2015 and December 31, 2014, TDRs totaled $35.7 million and $44.8 million, respectively. As of September 30, 2015, $23.3 million of the $35.7 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 and the types of concessions granted:

	As of and for the three months ended September 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	—	$	—	$	—	—	$	—
Commercial real estate	1	732		720		—	—
Construction and land	—	—		—		—	—
Residential	—	—		—		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	1	$	732	$	720	—	$	—

	As of and for the three months ended September 30, 2015
	Extension of term			Temporary rate reduction			Payment deferral			Combination of concessions (1)			Total concessions
	# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment
	(Dollars in thousands)
Commercial and industrial	—	$	—	—	$	—	—	$	—	—	$	—	—	$	—
Commercial real estate	—	—		—	—		—	—		1	720		1	720
Construction and land	—	—		—	—		—	—		—	—		—	—
Residential	—	—		—	—		—	—		—	—		—	—
Home equity	—	—		—	—		—	—		—	—		—	—
Consumer and other	—	—		—	—		—	—		—	—		—	—

______________________

29

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

(1) Combination of concessions includes loans that have had more than one modification, including extension of term, temporary reduction of interest rate, and/or payment deferral.

	As of and for the nine months ended September 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	$	1,298	$	1,304	—	$	—
Commercial real estate	2	4,850		4,838		—	—
Construction and land	—	—		—		—	—
Residential	8	513		516		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	11	$	6,661	$	6,658	—	$	—

	As of and for the nine months ended September 30, 2015
	Extension of term			Temporary rate reduction			Payment deferral			Combination of concessions (1)			Total concessions
	# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment
	(Dollars in thousands)
Commercial and industrial	—	$	—	—	$	—	—	$	—	1	$	1,304	1	$	1,304
Commercial real estate	1	4,118		—	—		—	—		1	720		2	4,838
Construction and land	—	—		—	—		—	—		—	—		—	—
Residential	—	—		7	491		1	25		—	—		8	516
Home equity	—	—		—	—		—	—		—	—		—	—
Consumer and other	—	—		—	—		—	—		—	—		—	—

______________________

(1) Combination of concessions includes loans that have had more than one modification, including extension of term, temporary reduction of interest rate, and/or payment deferral.

30

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	As of and for the three months ended September 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	—	—		—		2	518
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	—	$	—	$	—	2	$	518

	As of and for the nine months ended September 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	3	287		296		4	663
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	3	$	287	$	296	4	$	663

31

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	As of and for the nine months ended September 30, 2014
	Extension of term			Temporary rate reduction			Payment deferral			Combination of concessions (1)			Total concessions
	# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment
	(Dollars in thousands)
Commercial and industrial	—	$	—	—	$	—	—	$	—	—	$	—	—	$	—
Commercial real estate	—	—		—	—		—	—		—	—		—	—
Construction and land	—	—		—	—		—	—		—	—		—	—
Residential	—	—		3	296		—	—		—	—		3	296
Home equity	—	—		—	—		—	—		—	—		—	—
Consumer and other	—	—		—	—		—	—		—	—		—	—

______________________

(1) Combination of concessions includes loans that have had more than one modification, including extension of term, temporary reduction of interest rate, and/or payment deferral.

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 $79.2 million and $75.8 million at September 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 September 30,						As of and for the nine months ended September 30,
	2015			2014			2015			2014
	(In thousands)
Allowance for loan losses, beginning of period:
Commercial and industrial	$	14,621		$	13,141		$	14,114		$	12,837
Commercial real estate	44,133			44,086			43,854			44,979
Construction and land	5,418			4,580			4,041			4,465
Residential	10,394			9,569			10,374			10,732
Home equity	1,024			992			1,003			1,020
Consumer and other	528			257			382			322
Unallocated	2,133			1,922			2,070			2,016
Total allowance for loan losses, beginning of period	78,251			74,547			75,838			76,371
Provision/ (credit) for loan losses:
Commercial and industrial	(432		)	607			(2,209		)	37
Commercial real estate	2,170			647			904			(2,619		)
Construction and land	649			(2,335		)	883			(2,633		)
Residential	399			(1,646		)	419			(3,323		)
Home equity	(45		)	(44		)	(24		)	(87		)
Consumer and other	(4		)	154			201			(98		)
Unallocated	(137		)	17			(74		)	(77		)
Total provision/(credit) for loan losses	2,600			(2,600		)	100			(8,800		)
Loans charged-off:
Commercial and industrial	(250		)	—			(253		)	(334		)
Commercial real estate	(1,400		)	(900		)	(1,400		)	(1,400		)
Construction and land	—			(200		)	—			(200		)
Residential	(264		)	—			(313		)	(88		)
Home equity	—			—			—			—
Consumer and other	(6		)	(15		)	(66		)	(37		)
Total charge-offs	(1,920		)	(1,115		)	(2,032		)	(2,059		)
Recoveries on loans previously charged-off:
Commercial and industrial	79			249			2,366			1,457
Commercial real estate	221			484			1,766			3,357
Construction and land	15			2,168			1,158			2,581
Residential	—			1,550			49			2,152
Home equity	—			—			—			15
Consumer and other	—			—			1			209
Total recoveries	315			4,451			5,340			9,771

33

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	As of and for the three months ended September 30,				As of and for the nine months ended September 30,
	2015		2014		2015		2014
	(In thousands)
Allowance for loan losses at end of period:
Commercial and industrial	14,018		13,997		14,018		13,997
Commercial real estate	45,124		44,317		45,124		44,317
Construction and land	6,082		4,213		6,082		4,213
Residential	10,529		9,473		10,529		9,473
Home equity	979		948		979		948
Consumer and other	518		396		518		396
Unallocated	1,996		1,939		1,996		1,939
Total allowance for loan losses at end of period	$	79,246	$	75,283	$	79,246	$	75,283

The following tables present the Company’s allowance for loan losses and loan portfolio at September 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 September 30, 2015 or December 31, 2014.

	Commercial and industrial		Commercial real estate		Construction and land		Residential
	(In thousands)
Allowance for loan losses balance at September 30, 2015 attributable to:
Loans collectively evaluated	$	14,018	$	43,824	$	5,910	$	9,344
Loans individually evaluated	—		1,300		172		1,185
Total allowance for loan losses	$	14,018	$	45,124	$	6,082	$	10,529
Recorded investment (loan balance) at September 30, 2015:
Loans collectively evaluated	$	1,034,727	$	1,875,642	$	167,063	$	2,195,626
Loans individually evaluated	2,095		28,006		3,348		16,260
Total Loans	$	1,036,822	$	1,903,648	$	170,411	$	2,211,886
	Home equity		Consumer and other		Unallocated		Total
	(In thousands)
Allowance for loan losses balance at September 30, 2015 attributable to:
Loans collectively evaluated	$	979	$	518	$	1,996	$	76,589
Loans individually evaluated	—		—		—		2,657
Total allowance for loan losses	$	979	$	518	$	1,996	$	79,246
Recorded investment (loan balance) at September 30, 2015:
Loans collectively evaluated	$	114,737	$	169,911	$	—	$	5,557,706
Loans individually evaluated	50		7		—		49,766
Total Loans	$	114,787	$	169,918	$	—	$	5,607,472

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 September 30, 2015 and December 31, 2014:

	September 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	$	(3,881	)	Other assets	$	34	Other liabilities	$	(3,352	)
Derivatives not designated as hedging instruments:
Interest rate products	Other assets	10,944		Other liabilities	(11,117		)	Other assets	5,323		Other liabilities	(5,434		)
Total		$	10,944		$	(14,998	)		$	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 nine months ended September 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 September 30,						three months ended September 30,
	2015			2014			2015			2014
(In thousands)
Interest rate products	$	(1,896	)	$	667	Interest expense	$	(1,026	)	$	(869	)
Total	$	(1,896	)	$	667		$	(1,026	)	$	(869	)

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)
	nine months ended September 30,							nine months ended September 30,
	2015			2014				2015			2014
(In thousands)
Interest rate products	$	(3,629	)	$	(1,847	)	Interest expense	$	(3,066	)	$	(2,217	)
Total	$	(3,629	)	$	(1,847	)		$	(3,066	)	$	(2,217	)

36

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

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

	Three months ended September 30,						Nine months ended September 30,
	2015			2014			2015			2014
	(In thousands)
Accumulated other comprehensive income/ (loss) on cash flow hedges, balance at beginning of period	$	(1,756	)	$	(2,458	)	$	(1,923	)	$	(1,763	)
Net change in unrealized gain/ (loss) on cash flow hedges	(521		)	893			(354		)	198
Accumulated other comprehensive income/ (loss) on cash flow hedges, balance at end of period	$	(2,277	)	$	(1,565	)	$	(2,277	)	$	(1,565	)

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 September 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 September 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 September 30, 2015 and December 31, 2014.

As of September 30, 2015 and December 31, 2014, the termination amounts related to collateral determinations of derivatives in a liability position was $14.7 million and $8.9 million, respectively. The Company has minimum collateral posting thresholds with its derivative counterparties and has posted cash collateral of $2.4 million and $3.7 million, respectively, and pledged securities of $14.4 million and $7.0 million, respectively, as of September 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%.

37

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

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 nine months ended September 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 $2.4 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 September 30, 2015 and December 31, 2014, the Bank had 74 and 24 derivatives, respectively, related to this program, comprised of interest rate swaps and caps, with an aggregate notional amount of $474.9 million and $238.7 million, respectively. As of September 30, 2015 the Bank had three derivatives with an aggregate notional amount of $0.2 million in foreign currency exchange contracts outstanding related to this program. There were no foreign currency exchange contracts outstanding related to this program as of December 31, 2014.

In addition, as a participant lender, the Bank has guaranteed performance on a pro-rated portion of a swap executed by another financial institution. As the participant lender, the Bank is providing a partial guarantee, but is not a direct party to the related swap transaction. The Bank has no obligations under the risk participation agreement unless the borrower defaults on their swap transaction with the lead bank and the swap is in a liability position to the borrower. In that instance, the Bank has agreed to pay the lead bank a portion of the swap’s termination value at the time of the default. 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 September 30, 2015. There were no such risk participation transactions as of December 31, 2014.

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 nine months ended September 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 September 30,					Nine months ended September 30,
		2015			2014		2015			2014
		(In thousands)
Interest rate products	Other income/ (expense)	$	(346	)	$	19	$	(45	)	$	(87	)
Other products (1)	Other income/ (expense)	(8		)	—		37			—
Total		$	(354	)	$	19	$	(8	)	$	(87	)

___________________

(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:

	Nine months ended September 30,
	2015			2014
	(In thousands)
Income from continuing operations:
Income before income taxes	$	73,207		$	81,880
Income tax expense	24,754			26,464
Net income from continuing operations	$	48,453		$	55,416
Effective tax rate, continuing operations	33.8		%	32.3		%
Income from discontinued operations:
Income before income taxes	$	8,790		$	8,625
Income tax expense	3,834			3,975
Net income from discontinued operations	$	4,956		$	4,650
Effective tax rate, discontinued operations	43.6		%	46.1		%
Less: Income attributable to noncontrolling interests:
Income before income taxes	$	3,486		$	3,428
Income tax expense	—			—
Net income attributable to noncontrolling interests	$	3,486		$	3,428
Effective tax rate, noncontrolling interests	—		%	—		%
Income attributable to the Company
Income before income taxes	$	78,511		$	87,077
Income tax expense	28,588			30,439
Net income attributable to the Company	$	49,923		$	56,638
Effective tax rate attributable to the Company	36.4		%	35.0		%

The effective tax rate for continuing operations for the nine months ended September 30, 2015 of 33.8%, with related tax expense of $24.8 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 and an out-of-period adjustment related to non-deductible executive compensation, as described in more detail, below.

The effective tax rate for continuing operations for the nine months ended September 30, 2014 of 32.3%, with related tax expense of $26.5 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.

The effective tax rate for continuing operations for the nine months ended September 30, 2015 is higher than the effective tax rate for the same period in 2014 due primarily to an out-of-period adjustment recorded during the third quarter of 2015. The Company reevaluated its executive compensation plans during the third quarter of 2015 and discovered that certain executive compensation that was previously treated as fully deductible was non-deductible. The correction resulted in $1.8 million of additional tax expense that was related to prior years. After evaluating the quantitative and qualitative aspects of the correction, the Company determined that previously issued quarterly and annual consolidated financial statements were not materially misstated and, as a result, recorded the correction in the third quarter of 2015.

39

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

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 $1.0 million and $1.2 million for the three month periods ended September 30, 2015 and 2014, respectively, and $3.5 million and $3.4 million for the nine month periods ended September 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 $18.3 million and $20.9 million at September 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 $3.1 million and $0.4 million in noncontrolling interests included in permanent shareholder’s equity at September 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:

	September 30, 2015		December 31, 2014
	(In thousands)
Anchor	$	12,142	$	11,929
BOS	6,742		6,069
DGHM (1)	2,517		3,293
Total	$	21,401	$	21,291
Redeemable noncontrolling interests	$	18,257	$	20,905
Noncontrolling interests	$	3,144	$	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:

40

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	Three months ended						Nine months ended
	September 30, 2015						September 30, 2015
	Redeemable noncontrolling interests			Noncontrolling interests			Redeemable noncontrolling interests			Noncontrolling interests
	(In thousands)
Noncontrolling interests at beginning of period	$	19,200		$	2,896		$	20,905		$	386
Net income attributable to noncontrolling interests	784			210			2,848			638
Distributions	(819		)	(93		)	(2,972		)	(345		)
Purchases/ (sales) of ownership interests	—			—			(1,503		)	419
Transfers of ownership interests from mezzanine to permanent equity	—			—			(1,652		)	1,652
Amortization of equity compensation	—			118			—			354
Adjustments to fair value	(908		)	13			631			40
Noncontrolling interests at end of period	$	18,257		$	3,144		$	18,257		$	3,144

	Three months ended						Nine months ended
	September 30, 2014						September 30, 2014
	Redeemable noncontrolling interests			Noncontrolling interests			Redeemable noncontrolling interests			Noncontrolling interests
	(In thousands)
Noncontrolling interests at beginning of period	$	20,895		$	232		$	19,468		$	171
Net income attributable to noncontrolling interests	1,119			48			3,315			113
Distributions	(1,110		)	(49		)	(3,179		)	(226		)
Purchases/ (sales) of ownership interests	—			—			(473		)	126
Amortization of equity compensation	—			24			—			72
Adjustments to fair value	493			8			2,266			7
Noncontrolling interests at end of period	$	21,397		$	263		$	21,397		$	263

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 nine months ended September 30, 2015 and 2014:

Description of component of accumulated other comprehensive income/ (loss)	Three months ended September 30,						Nine months ended September 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	$	5		$	7		$	21		$	8		Gain on sale of investments, net
Tax expense/ (benefit)	2			3			9			3			Income tax expense
Net	$	3		$	4		$	12		$	5		Net income attributable to the Company
Net realized gain/ (loss) on cash flow hedges:
Hedge related to junior subordinated debentures:
Pre-tax	$	(477	)	$	(486	)	$	(1,421	)	$	(1,440	)	Interest expense on junior subordinated debentures
Tax expense/ (benefit)	(204		)	(209		)	(608		)	(616		)	Income tax expense
Net	$	(273	)	$	(277	)	$	(813	)	$	(824	)	Net income attributable to the Company
Hedges related to deposits:
Pre-tax	$	(549	)	$	(383	)	$	(1,645	)	$	(777	)	Interest expense on deposits
Tax expense/ (benefit)	(225		)	(157		)	(677		)	(321		)	Income tax expense
Net	$	(324	)	$	(226	)	$	(968	)	$	(456	)	Net income attributable to the Company
Total reclassifications for the period, net of tax	$	(594	)	$	(499	)	$	(1,769	)	$	(1,275	)

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 and third quarters 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 was $0.2 million in Q2 2015 and $1.5 million in Q3 2015. The Company anticipates no additional restructuring costs in 2015 related to this restructuring plan.

Restructuring expenses incurred since the plans of restructuring were first implemented in 2011 totaled $16.4 million, with the Private Banking segment incurring $9.5 million, the Wealth Management and Trust segment incurring $2.4 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 nine months ended September 30, 2015 and 2014:

	Severance Charges			Other Associated Costs			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
Costs incurred	1,214			290			1,504
Costs paid	(125		)	(290		)	(415		)
Accrued charges at September 30, 2015	$	1,478		$	—		$	1,478
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	—			—			—
Costs incurred	—			—			—
Costs paid	—			—			—
Accrued charges at September 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, ASU 2015-14, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”) was issued in August 2015 which defers 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 nine months ended September 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 third 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 September 30,
	2015		2014			$ Change			% Change
	(In thousands, except per share data)
Total revenues	$	85,919	$	78,552		$	7,367		9	%
Provision/ (credit) for loan losses	2,600		(2,600		)	5,200			nm
Total operating expense	61,929		53,999			7,930			15	%
Net income from continuing operations	13,208		18,160			(4,952		)	(27	)%
Net income attributable to noncontrolling interests	994		1,167			(173		)	(15	)%
Net income attributable to the Company	13,530		18,265			(4,735		)	(26	)%
Diluted earnings per share:
From continuing operations	$	0.15	$	0.20		$	(0.05	)	(25	)%
From discontinued operations	$	0.01	$	0.02		$	(0.01	)	(50	)%
Total attributable to common shareholders	$	0.16	$	0.22		$	(0.06	)	(27	)%

_____________

nm    = not meaningful

Net income attributable to the Company was $13.5 million for the three months ended September 30, 2015 and $18.3 million for the same period in 2014. The Company recognized diluted earnings per share of $0.16 for the three months ended September 30, 2015 and $0.22 for the same period in 2014.

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

▪ The Company recorded $2.6 million provision for loan losses for the three months ended September 30, 2015, compared to a credit to the provision for loan losses of $2.6 million for the same period of 2014. The provision for the three months ended September 30, 2015 was primarily due to loan growth ($2.9 million), and net charge offs of $1.6 million ($1.4 million of which was attributable to one large loan), partially offset by changes in loss factors.  The credit to the provision for the three months ended September 30, 2014 was primarily due to net recoveries of $3.3 million and a decrease in criticized loans, partially offset by provision for loan growth.

▪ Fees and other income increased 17% to $39.4 million for the three months ended September 30, 2015, compared to $33.8 million for the same period of 2014. This increase was driven by fee-based revenue including a 71% increase in wealth management and trust fees primarily related to the acquisition of Banyan Partners, LLC (“Banyan”) in the fourth quarter of 2014, and a 2% increase in wealth advisory fees. Total fees and other income represents 46% of total revenue for the three months ended September 30, 2015, compared to 43% of total revenue for the same period of 2014.

▪ Operating expenses increased $7.9 million, or 15%, to $61.9 million for the three months ended September 30, 2015, compared to $54.0 million for the same period of 2014. The increase is primarily related to the acquisition of Banyan. Additionally, the Company incurred $1.5 million in restructuring expense during the three months ended September 30, 2015 related to the integration at BP Wealth.

The Company’s Private Banking segment reported net income attributable to the Company of $13.8 million in the third quarter of 2015, compared to net income attributable to the Company of $16.1 million for the same period of 2014. The $2.3 million, or 14%, decrease was a result of the third quarter 2014 credit to the provision for loan losses and increased operating expenses for the three months ended September 30, 2015, partially offset by increased net interest income and other banking fee income for the for the three months ended September 30, 2015.

45

The Company’s Wealth Management and Trust segment reported a net loss attributable to the Company of $0.8 million in the third quarter of 2015, compared to net income attributable to the Company of $0.9 million for the same period of 2014. The $1.7 million decrease was the net result of several factors including increased operating expenses, partially offset by increased wealth management and trust revenue. The acquisition of Banyan in the fourth quarter of 2014 contributed to increased fee income as well as additional operating expenses, including the related amortization of intangibles. The integration of Banyan has also resulted in restructuring expenses of $1.5 million in the third quarter of 2015. Wealth Management and Trust AUM increased $3.4 billion, or 71%, to $8.1 billion at September 30, 2015 from $4.7 billion at September 30, 2014, due to the acquisition of Banyan. Net outflows for the twelve months ending September 30, 2015 were $1.0 billion and negative investment performance reduced AUM by $0.2 billion.

The Company’s Investment Management segment reported net income attributable to the Company of $1.5 million in the third quarters of 2015 and 2014. The flat results were due to a 5% decrease in revenue, offset by a 7% decrease in operating expenses. The decrease in operating expenses was primarily due to decreased variable and incentive compensation, and decreased professional services expense. Most fee-based revenue is determined based on beginning-of-period AUM data. Investment Management AUM decreased $0.5 billion, or 5%, to $9.8 billion at September 30, 2015 from $10.4 billion at September 30, 2014, primarily due to net outflows of $0.6 billion, partially offset by positive investment performance of $0.1 billion.

The Company’s Wealth Advisory segment reported net income attributable to the Company of $1.6 million in the third quarter of 2015, compared to net income attributable to the Company of $1.8 million for the same period of 2014. The 15% decrease was due to increased operating expenses, primarily due to increased occupancy and equipment expense, and increased salaries and employee benefits expenses, partially offset by increased wealth advisory fee revenue. Wealth Advisory AUM decreased $0.2 billion, or 2%, to $9.5 billion at September 30, 2015 from $9.7 billion at September 30, 2014, primarily due to negative investment performance of $0.2 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

	September 30, 2015		December 31, 2014		Increase/ (decrease)			% Change
	(In thousands)
Assets:
Total cash and investments	$	1,224,092	$	1,175,610	$	48,482		4	%
Loans held for sale	7,685		7,099		586			8	%
Total loans	5,607,472		5,269,936		337,536			6	%
Less: Allowance for loan losses	79,246		75,838		3,408			4	%
Net loans	5,528,226		5,194,098		334,128			6	%
Goodwill and intangible assets	186,888		191,800		(4,912		)	(3	)%
Other assets	233,637		229,267		4,370			2	%
Total assets	$	7,180,528	$	6,797,874	$	382,654		6	%
Liabilities and Equity:
Deposits	$	5,647,859	$	5,453,879	$	193,980		4	%
Total borrowings	663,960		507,009		156,951			31	%
Other liabilities	109,695		112,170		(2,475		)	(2	)%
Total liabilities	6,421,514		6,073,058		348,456			6	%
Redeemable Noncontrolling Interests	18,257		20,905		(2,648		)	(13	)%
Total shareholders’ equity	740,757		703,911		36,846			5	%
Total liabilities, redeemable noncontrolling interests and shareholders’ equity	$	7,180,528	$	6,797,874	$	382,654		6	%

Total Assets. Total assets increased$382.7 million, or 6%, to $7.2 billion at September 30, 2015 from $6.8 billion at December 31, 2014. This increase was due primarily to increases in total loans and investments.

Cash and Investments. Total cash and investments (consisting of cash and cash equivalents, investment securities, and stock in the FHLBs) increased$48.5 million, or 4%, to $1.2 billion, or 17% of total assets at September 30, 2015 from $1.2 billion, or 17% of total assets, at December 31, 2014. The increase was due to the $193.3 million, or 23%, increase in available for sale investment securities, partially offset by the $129.0 million, or 75%, decrease in cash and cash equivalents, and the $19.0 million, or 14%, 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 $186.3 million of cash proceeds during the nine months ended September 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 $9.9 million of unrealized gains and $2.9 million of unrealized losses at September 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 nine months ended September 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 September 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.

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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$0.6 million to $7.7 million at September 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$4.9 million, or 3%, to $186.9 million at September 30, 2015 from $191.8 million at December 31, 2014. The decrease is due to amortization of intangible assets. The Company tests goodwill and indefinite-lived intangible assets for impairment on an annual basis in the fourth quarter, or more frequently if there is an indication of impairment based on the guidance in ASC 350, Intangibles-Goodwill and Other. The impairment test for finite-lived assets is performed on an exception basis when there is reason to believe that the carrying amount of a long-lived asset may not be recoverable, a “trigger” based on the guidance in ASC 360 Property, Plant, and Equipment, (“ASC 360”). Management concluded at September 30, 2015 that there was no indication of impairment or triggering events during the nine months then ended that would necessitate testing.

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$4.4 million, or 2%, to $233.6 million at September 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$8.3 million, or 7%, to $128.2 million at September 30, 2015 from $120.0 million at December 31, 2014. The increase is primarily due to an increase in prepaid expenses, income tax receivables, and the fair value of non-hedging derivative instruments, partially offset by a decrease in partnership investments.

Deposits. Total deposits increased$194.0 million, or 4%, to $5.6 billion, at September 30, 2015 from $5.5 billion at December 31, 2014. Deposit balances increased during the first nine months of 2015 due to higher demand deposits and money markets, partially offset by lower NOW 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 September 30, 2015 and December 31, 2014:

	September 30, 2015				December 31, 2014
	Balance		as a % of total		Balance		as a % of total
	(In thousands)
Demand deposits (noninterest-bearing)	$	1,555,609	28	%	$	1,418,426	26	%
NOW (1)	489,104		9	%	549,320		10	%
Savings	78,194		1	%	71,367		1	%
Money market (1)	2,934,749		52	%	2,816,928		52	%
Certificates of deposit under $100,000 (1)	175,318		3	%	185,721		3	%
Certificates of deposit of $100,000 or greater	414,885		7	%	412,117		8	%
Total deposits	$	5,647,859	100	%	$	5,453,879	100	%

____________

(1) Includes brokered deposits.

Borrowings. Total borrowings (consisting of securities sold under agreements to repurchase, federal funds purchased, if any, FHLB borrowings, and junior subordinated debentures) increased$157.0 million, or 31%, to $664.0 million at September 30, 2015 from $507.0 million at December 31, 2014. Repurchase agreements increased$5.2 million, or 17%, to $35.7 million at September 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. Federal funds purchased increased to $60.0 million at September 30, 2015 compared to none outstanding 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. FHLB borrowings increased$91.7 million, or 25%, to $461.9 million at September 30, 2015 from $370.2 million at December 31, 2014. FHLB borrowings are generally

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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. Junior subordinated debentures remained flat at $106.4 million.

Other. Other liabilities, which consist primarily of accrued interest, accrued bonus, the fair value of interest rate derivatives, and other accrued expenses, decreased$2.5 million, or 2%, to $109.7 million at September 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 $337.5 million, or 6%, to $5.6 billion, or 78%, of total assets as of September 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 real estate loans increased $115.2 million, or 6%, commercial and industrial loans increased $83.7 million, or 9%, residential loans increased $79.8 million, or 4%, construction and land loans increased $45.1 million, or 36%, and home equity and other consumer loans increased $13.7 million, or 5%.

Geographic concentration. The following table presents the Bank’s outstanding loan balance concentrations as of September 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	$	827,301	80	%	$	766,253	40	%	$	111,280	65	%	$	1,356,057	61	%	$	242,982	85	%
San Francisco Bay	125,093		12	%	625,145		33	%	35,627		21	%	462,630		21	%	32,858		12	%
Southern California	84,428		8	%	512,250		27	%	23,504		14	%	393,199		18	%	8,865		3	%
Total	$	1,036,822	100	%	$	1,903,648	100	%	$	170,411	100	%	$	2,211,886	100	%	$	284,705	100	%

Allowance for loan losses. The allowance for loan losses is reported as a reduction of outstanding loan balances and totaled $79.2 million and $75.8 million as of September 30, 2015 and December 31, 2014, respectively.

The allowance for loan losses as of September 30, 2015increased $3.4 million, or 4%, from December 31, 2014 due to loan growth and higher balances of 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 decreased3 basis point to 1.41% as of September 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 nine months ended September 30, 2015 and 2014. The geography assigned to the data is based on the location of the lender’s regional offices.

	Three months ended September 30,					Nine months ended September 30,
	2015			2014		2015			2014
	(In thousands)
Net loans (charged-off)/ recovered:
New England	$	(1,618	)	$	912	$	(622	)	$	830
San Francisco Bay	(57		)	465		3,514			3,064
Southern California	70			1,959		416			3,818
Total net loans (charged-off)/ recovered	$	(1,605	)	$	3,336	$	3,308		$	7,712

Net charge-offs of $1.6 million were recorded in the third quarter of 2015, compared to $3.3 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 $3.3 million in net recoveries recorded in the first nine months of 2015, $2.1 million related to commercial and industrial loans, $1.2 million related to construction and land loans, and $0.4 million related to commercial real estate loans, partially offset by net charge-offs of $0.3 million related to residential loans and $0.1 million related to home equity and other consumer 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 September 30, 2015, nonperforming assets totaled $31.5 million, or 0.44% of total assets, a decrease of $13.6 million, or 30%, 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 $30.7 million of loans on nonaccrual status as of September 30, 2015, $14.3 million, or 47%, had a current payment status, $4.9 million, or 16%, were 30-89 days past due, and $11.5 million, or 37%, 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 troubled debt restructured loans (“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 remained unchanged at $7.0 million as of both September 30, 2015 and 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 impact 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.

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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 process of collection. There were $0.1 million of loans 90 days or more past due, but still accruing, as of September 30, 2015 and no loans 90 days or more past due, but still accruing, as of 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 $49.8 million as of September 30, 2015, a decrease of $12.5 million, or 20%, compared to $62.3 million as of December 31, 2014. As of September 30, 2015, $20.8 million of the individually evaluated impaired loans had $2.7 million in specific reserve allocations. The remaining $29.0 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 September 30, 2015, TDRs totaled $35.7 million, a decrease of $9.1 million, or 20%, compared to $44.8 million as of December 31, 2014. As of September 30, 2015, $23.3 million of the $35.7 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 September 30, 2015, the Bank has identified $59.5 million in potential problem loans, an increase of $20.6 million, or 53%, compared to $38.9 million as of December 31, 2014. This increase was primarily due to potential problem commercial real estate loans, which increased $19.2 million, and potential problem construction and land loans, which increased $5.5 million, partially offset by a decrease in the residential loan category of $3.6 million. The majority of the increase in commercial real estate potential problem loans is related to one loan in the Southern California region with a carrying value of $16.4 million at September 30, 2015. The increase in construction and land potential problem loans is related to one loan in the New England region with a carrying value of $5.5 million at September 30, 2015. 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 nine months endedSeptember 30, 2015 and 2014:

	As of and for the three months ended September 30,						As of and for the nine months ended September 30,
	2015			2014			2015			2014
	(In thousands)
Nonaccrual loans, beginning of period	$	29,891		$	41,620		$	44,182		$	44,762
Transfers in to nonaccrual status	8,524			1,970			12,452			14,878
Transfers out to OREO	—			(152		)	—			(297		)
Transfers out to accrual status	(913		)	(2,191		)	(3,717		)	(6,832		)
Charge-offs	(1,920		)	(1,115		)	(2,032		)	(2,048		)
Paid off/ paid down	(4,855		)	(6,591		)	(20,158		)	(16,922		)
Nonaccrual loans, end of period	$	30,727		$	33,541		$	30,727		$	33,541

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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.

	September 30, 2015		December 31, 2014
	(In thousands)
Nonaccrual loans:
Commercial and industrial	$	774	$	2,129
Commercial real estate	16,327		18,485
Construction and land	3,348		11,422
Residential	8,957		9,713
Home equity and other consumer	1,321		2,433
Total nonaccrual loans	$	30,727	$	44,182
Loans 30-89 days past due and accruing:
Commercial and industrial	$	3,692	$	723
Commercial real estate	339		238
Construction and land	—		—
Residential	1,680		5,791
Home equity and other consumer	1,263		208
Total loans 30-89 days past due	$	6,974	$	6,960
Accruing substandard loans:
Commercial and industrial	$	7,126	$	7,025
Commercial real estate	38,223		19,072
Construction and land	5,500		—
Residential	6,681		10,253
Home equity and other consumer	1,979		2,510
Total accruing substandard loans	$	59,509	$	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:

	September 30, 2015		December 31, 2014
	(In thousands)
Nonaccrual loans:
New England	$	22,815	$	26,205
San Francisco Bay	5,096		13,430
Southern California	2,816		4,547
Total nonaccrual loans	$	30,727	$	44,182
Loans 30-89 days past due and accruing:
New England	$	6,733	$	6,572
San Francisco Bay	14		375
Southern California	227		13
Total loans 30-89 days past due	$	6,974	$	6,960
Accruing substandard loans:
New England	$	16,996	$	11,126
San Francisco Bay	20,108		23,403
Southern California	22,405		4,331
Total accruing substandard loans	$	59,509	$	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 September 30, 2015, the Company’s cash and cash equivalents amounted to $43.6 million. The Holding Company’s cash and cash equivalents amounted to $53.9 million at September 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 September 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 13% 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 September 30, 2015 compared to $1.2 billion at December 31, 2014. Combined, this liquidity totals $2.1 billion, or 29% of assets and 36% of total deposits, as of September 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.

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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 September 30, 2015, the estimated maximum redemption value for these affiliates related to outstanding put options was $18.3 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.

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 $5.0 million in net income from discontinued operations during the nine months ended September 30, 2015 related to a revenue sharing agreement with Westfield Capital Management Company, LLC (“Westfield”). The terms of this revenue sharing agreement are discussed in detail in Part II. Item 8. “Financial Statements and Supplementary Data - Note 2: Acquisitions, Asset Sales, and Divestitures” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. 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’s capital currently exceeds 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 three months of 2015 for the interest payments, including the effect of the cash flow hedge, is approximately $1.0 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 three months of 2015 for the Series D preferred stock dividend payments is approximately $0.9 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 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 three months of 2015 for dividends to common shareholders will be approximately $7.4 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.

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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 September 30, 2015, the Bank had unused federal fund lines of credit totaling $540.0 million with correspondent institutions to provide it with immediate access to overnight borrowings, compared to $171.0 million at December 31, 2014. At September 30, 2015, the Bank had $25.0 million of outstanding borrowings under the federal fund lines with these correspondent institutions along with an additional $35.0 million of outstanding borrowings under federal fund lines with the FHLB. 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.

The Bank has also negotiated brokered deposit agreements with several institutions that have nationwide distribution capabilities. At September 30, 2015, the Bank had $507.5 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 September 30, 2015 was $740.8 million, compared to $703.9 million at December 31, 2014, an increase of $36.8 million, or 5%. The increase in shareholders’ equity was primarily the result of net income and the amortization of stock compensation, 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 September 30, 2015 under the applicable regulations.

As of September 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 September 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 September 30, 2015 and December 31, 2014.

56

	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 September 30, 2015
Common equity tier 1 risk-based capital
Company	$	525,004	9.73	%	$	242,872	4.5	%	n/a		n/a
Boston Private Bank	610,127		11.39		241,112		4.5		$	348,273	6.5	%
Tier 1 risk-based capital
Company	677,589		12.55		323,829		6.0		n/a		n/a
Boston Private Bank	610,127		11.39		321,483		6.0		428,644		8.0
Total risk-based capital
Company	745,580		13.81		431,772		8.0		n/a		n/a
Boston Private Bank	677,283		12.64		428,644		8.0		535,805		10.0
Tier 1 leverage capital
Company	677,589		9.58		282,816		4.0		n/a		n/a
Boston Private Bank	610,127		8.71		280,156		4.0		350,195		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 September 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 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 September 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 nine months ended September 30, 2015 versus September 30, 2014

Net Income. The Company recorded net income from continuing operations for the three and nine months ended September 30, 2015 of $13.2 million and $48.5 million, respectively, compared to $18.2 million and $55.4 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 nine months ended September 30, 2015 was $13.5 million and $49.9 million, respectively, compared to $18.3 million and $56.6 million for the same respective periods in 2014.

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The Company recognized diluted EPS from continuing operations for the three and nine months ended September 30, 2015 of $0.15 per share and $0.52 per share, respectively, compared to $0.20 per share and $0.60 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 nine months ended September 30, 2015 was $0.16 per share and $0.58 per share, respectively, compared to $0.22 per share and $0.66 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 September 30,					% Change		Nine months ended September 30,					% Change
	2015		2014					2015		2014
	(In thousands)
Net interest income	$	46,473	$	44,783		4	%	$	137,630	$	135,573		2	%
Fees and other income	39,446		33,769			17	%	123,451		100,876			22	%
Total revenue	85,919		78,552			9	%	261,081		236,449			10	%
Provision/ (credit) for loan losses	2,600		(2,600		)	nm		100		(8,800		)	(101	)%
Operating expense	61,929		53,999			15	%	187,774		163,369			15	%
Income tax expense	8,182		8,993			(9	)%	24,754		26,464			(6	)%
Net income from continuing operations	13,208		18,160			(27	)%	48,453		55,416			(13	)%
Net income from discontinued operations	1,316		1,272			3	%	4,956		4,650			7	%
Less: Net income attributable to noncontrolling interests	994		1,167			(15	)%	3,486		3,428			2	%
Net income attributable to the Company	$	13,530	$	18,265		(26	)%	$	49,923	$	56,638		(12	)%

_____________

nm    = not meaningful

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 $59.5 million at September 30, 2015 and could be placed on nonaccrual status if their credit quality declines further.

Net interest income for the three months ended September 30, 2015 was $46.5 million, an increase of $1.7 million, or 4%, compared to the same period in 2014. For the nine months ended September 30, 2015, net interest income was $137.6 million, an increase of $2.1 million, or 2%, compared to the same period in 2014. The increase for the three and nine months ended September 30, 2015 is due to higher volume and yields on cash and investments and higher volume on loans, and lower volume and rates paid on FHLB and other borrowings, partially offset by increases in volume and rates paid on deposits, decreases in yields on loans, and lower amounts of interest recovered on previous nonaccrual loans. The NIM was 2.84% for the three months ended September 30, 2015, a decrease of nine basis points compared to the same period in 2014. For the nine months ended September 30, 2015, the NIM was 2.91%, a decrease of 12 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 nine months endedSeptember 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 September 30,
AVERAGE BALANCE SHEET:	2015		2014		2015		2014		2015		2014
AVERAGE ASSETS	(In thousands)
Interest-Earning Assets:
Cash and Investments: (1)
Taxable investment securities	$	340,170	$	295,395	$	1,094	$	876	1.29	%	1.19	%
Non-taxable investment securities (2)	249,854		223,499		1,945		1,449		3.12	%	2.59	%
Mortgage-backed securities	526,408		325,913		2,681		1,605		2.04	%	1.97	%
Federal funds sold and other	213,372		359,899		425		379		0.78	%	0.42	%
Total Cash and Investments	1,329,804		1,204,706		6,145		4,309		1.85	%	1.43	%
Loans: (3)
Commercial and Construction (2)	3,043,739		2,841,869		31,195		31,657		4.01	%	4.36	%
Residential	2,208,004		2,071,326		17,083		16,384		3.09	%	3.16	%
Home Equity and Other Consumer	287,102		244,690		1,982		1,733		2.74	%	2.81	%
Total Loans	5,538,845		5,157,885		50,260		49,774		3.58	%	3.81	%
Total Earning Assets	6,868,649		6,362,591		56,405		54,083		3.24	%	3.36	%
Less: Allowance for Loan Losses	78,263		76,099
Cash and due from Banks (non-interest bearing)	38,631		42,080
Other Assets	404,945		341,953
TOTAL AVERAGE ASSETS	$	7,233,962	$	6,670,525
AVERAGE LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND SHAREHOLDERS’ EQUITY
Interest-Bearing Liabilities:
Interest-Bearing Deposits:
Savings and NOW	$	581,041	$	583,547	$	103	$	110	0.07	%	0.07	%
Money Market	2,944,893		2,640,762		2,731		2,273		0.37	%	0.34	%
Certificates of Deposits	593,466		607,940		1,173		1,220		0.78	%	0.80	%
Total Interest-Bearing Deposits	4,119,400		3,832,249		4,007		3,603		0.39	%	0.37	%
Junior Subordinated Debentures	106,363		106,363		979		976		3.60	%	3.59	%
FHLB Borrowings and Other	526,697		534,062		2,063		2,371		1.53	%	1.74	%
Total Interest-Bearing Liabilities	4,752,460		4,472,674		7,049		6,950		0.59	%	0.61	%
Noninterest Bearing Demand Deposits	1,623,524		1,404,875
Payables and Other Liabilities	102,076		100,106
Total Average Liabilities	6,478,060		5,977,655
Redeemable Noncontrolling Interests	22,020		23,584
Average Shareholders’ Equity	733,882		669,286
TOTAL AVERAGE LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND SHAREHOLDERS’ EQUITY	$	7,233,962	$	6,670,525
Net Interest Income - on a FTE Basis					$	49,356	$	47,133
FTE Adjustment (2)					2,883		2,350
Net Interest Income (GAAP Basis)					$	46,473	$	44,783
Interest Rate Spread									2.65	%	2.75	%
Net Interest Margin									2.84	%	2.93	%

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	Average Balance				Interest Income/Expense				Average Yield/Rate
	As of and for the nine months ended September 30,
AVERAGE BALANCE SHEET:	2015		2014		2015		2014		2015		2014
AVERAGE ASSETS	(In thousands)
Interest-Earning Assets:
Cash and Investments: (1)
Taxable investment securities	$	334,473	$	270,914	$	3,164	$	2,242	1.27	%	1.10	%
Non-taxable investment securities (2)	240,902		224,061		5,246		4,246		2.90	%	2.53	%
Mortgage-backed securities	527,081		333,252		8,070		5,230		2.04	%	2.09	%
Federal funds sold and other	150,611		250,942		941		978		0.90	%	0.52	%
Total Cash and Investments	1,253,067		1,079,169		17,421		12,696		1.86	%	1.57	%
Loans: (3)
Commercial and Construction (2)	2,924,065		2,844,013		92,575		95,975		4.17	%	4.45	%
Residential	2,170,086		2,048,700		50,375		48,537		3.10	%	3.16	%
Home Equity and Other Consumer	285,066		244,421		5,973		5,281		2.80	%	2.89	%
Total Loans	5,379,217		5,137,134		148,923		149,793		3.67	%	3.86	%
Total Earning Assets	6,632,284		6,216,303		166,344		162,489		3.33	%	3.46	%
Less: Allowance for Loan Losses	77,751		77,462
Cash and due from Banks (non-interest bearing)	39,547		38,628
Other Assets	409,265		357,896
TOTAL AVERAGE ASSETS	$	7,003,345	$	6,535,365
AVERAGE LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND SHAREHOLDERS’ EQUITY
Interest-Bearing Liabilities:
Interest-Bearing Deposits:
Savings and NOW	$	589,885	$	577,012	$	294	$	319	0.07	%	0.07	%
Money Market	2,837,614		2,547,039		7,877		6,112		0.37	%	0.32	%
Certificates of Deposits	598,456		615,903		3,550		3,763		0.79	%	0.82	%
Total Interest-Bearing Deposits	4,025,955		3,739,954		11,721		10,194		0.39	%	0.36	%
Junior Subordinated Debentures	106,363		106,363		2,902		2,896		3.60	%	3.59	%
FHLB Borrowings and Other	524,704		522,881		6,053		7,088		1.52	%	1.79	%
Total Interest-Bearing Liabilities	4,657,022		4,369,198		20,676		20,178		0.59	%	0.61	%
Noninterest Bearing Demand Deposits	1,498,105		1,385,966
Payables and Other Liabilities	101,222		104,556
Total Average Liabilities	6,256,349		5,859,720
Redeemable Noncontrolling Interests	22,157		20,795
Average Shareholders’ Equity	724,839		654,850
TOTAL AVERAGE LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND SHAREHOLDERS’ EQUITY	$	7,003,345	$	6,535,365
Net Interest Income - on a FTE Basis					$	145,668	$	142,311
FTE Adjustment (2)					8,038		6,738
Net Interest Income (GAAP Basis)					$	137,630	$	135,573
Interest Rate Spread									2.74	%	2.85	%
Net Interest Margin									2.91	%	3.03	%

________________________

(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 September 30, 2015was $53.5 million, an increase of $1.8 million, or 3%, compared to the same period in 2014. Interest and dividend income for the nine months ended September 30, 2015 was $158.3 million, an increase of $2.6 million, or 2%, compared to the same period in 2014. The increase for the three and nine months was primarily due to higher volume and yields on cash and investments and higher volume of loans, partially offset by lower yields on loans and lower amounts of interest recovered on previous nonaccrual loans in the three and nine months ended September 30, 2015.

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 September 30, 2015was $29.0 million, a decrease of $0.8 million, or 3%, compared to the same period in 2014, as a result of a 39 basis point decrease in the average yield, partially offset by a 7% increase in the average balance. For the nine months ended September 30, 2015, commercial interest income was $86.4 million, a decrease of $4.4 million, or 5%, compared to the same period in 2014, as a result of a 31 basis point decrease in the average yield, partially offset by a 3% increase in the average balance. The increase in the average balance for the three and nine 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 nine 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 September 30, 2015 was $17.1 million, an increase of $0.7 million, or 4%, compared to the same period in 2014, as a result of a 7% increase in the average balance, partially offset by a seven basis point decrease in the average yield. For the nine months ended September 30, 2015, residential mortgage interest income was $50.4 million, an increase of $1.8 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 nine 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 nine 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 September 30, 2015 was $2.0 million, an increase of $0.2 million, or 14%, compared to the same period in 2014, as a result of a 17% increase in the average balance, partially offset by a seven basis point decrease in the average yield. For the nine months ended September 30, 2015, home equity and other consumer interest income was $6.0 million, an increase of $0.7 million, or 13%, compared to the same period in 2014, as a result of a 17% increase in the average balance, partially offset by a nine basis point decrease in the average yield. The increase in average balances for the three and nine month periods reflects client demand. The decrease in average yields for the three and nine month periods is primarily due to lower market rates on consumer loans.

Investment income, on a non-FTE basis, for the three months ended September 30, 2015 was $5.5 million, an increase of $1.7 million, or 44%, compared to the same period in 2014, as a result of a 38 basis point increase in the average yield and a 10% increase in the average balance. For the nine months ended September 30, 2015, investment income was $15.6 million, an increase of $4.4 million, or 39%, compared to the same period in 2014, as a result of a 16% 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 nine 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 September 30, 2015 was $7.0 million, an increase of $0.1 million, or 1%, compared to the same period in 2014. For the nine months ended September 30, 2015, interest expense on deposits and borrowings was $20.7 million, an increase of $0.5 million, or 2%, compared to the same period in 2014.

Interest expense on interest-bearing deposits for the three months ended September 30, 2015 was $4.0 million, an increase of $0.4 million, or 11%, compared to the same period in 2014, as a result of a 7% increase in the average balance and a two basis point increase in the average rate paid. For the nine months ended September 30, 2015, interest expense on deposits was $11.7 million, an increase of $1.5 million, or 15%, 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 September 30, 2015 was $3.0 million, a decrease of $0.3 million, or 9%, compared to the same period in 2014, as a result of a 17 basis point decrease in the average rate paid and a 1% decrease in the average balance of borrowings, which was primarily driven by a 21 basis point decrease in the average rate paid on FHLB and other borrowings. For the nine months ended September 30, 2015, interest paid on borrowings was $9.0 million, a decrease of $1.0 million, or 10%, compared to the same period in 2014, as a result of a 27 basis point decrease in the average rate paid on FHLB borrowings and other, with no change in the average balance of FHLB borrowings and other or in junior subordinated debentures. The decrease for the three and nine 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 recorded a provision for loan losses of $2.6 million for the three months ended September 30, 2015, compared to a credit to the provision for loan losses of $2.6 million for the same period in 2014. For the nine months ended September 30, 2015, the provision/ (credit) for loan losses was a provision of $0.1 million, compared to a credit of $8.8 million for the same period in 2014. The provision for loan losses for the three months ended September 30, 2015 was the result of loan growth ($2.9 million), and net charge offs of $1.6 million ($1.4 million of which was attributable to one large loan), partially offset by changes in loss factors. The provision credit for three and nine months ended September 30, 2014 was primarily due to net recoveries, the sale of commercial loans from the loan portfolio during the second quarter of 2014, 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 September 30, 2015 was $39.4 million, an increase of $5.7 million, or 17%, compared to the same period in 2014. For the nine months ended September 30, 2015, fees and other income was $123.5 million, an increase of $22.6 million, or 22%, compared to the same period in 2014. Factors affecting the increases in the three and nine month periods are the acquisition of Banyan, higher banking fee income, higher wealth advisory fees, and, for the nine month period, increases in other income, partially offset by the nine-month period decrease in gain on sale of loans.

Wealth advisory fee income for the three months ended September 30, 2015 was $12.5 million, an increase of $0.2 million, or 2%, compared to the same period in 2014. For the nine months ended September 30, 2015, wealth advisory fee income was $37.9 million, an increase of $2.1 million, or 6%, compared to the same period in 2014. AUM managed or advised by the Wealth Advisors was $9.5 billion at September 30, 2015, a decrease of $0.2 billion, or 2%, compared to September 30, 2014. The decrease is primarily due to negative investment performance of $0.2 billion and flat net flows.

Wealth management and trust fee income for the three months ended September 30, 2015 was $12.4 million, an increase of $5.2 million, or 71%, compared to the same period in 2014. For the nine months ended September 30, 2015, wealth management and trust fee income was $39.5 million, an increase of $18.3 million, or 86%, compared to the same period in 2014. AUM as of September 30, 2015 managed or advised by BP Wealth was $8.1 billion, an increase of $3.4 billion, or 71%, compared to September 30, 2014. The increase is due to the acquisition of Banyan, which added $4.3 billion of AUM in the fourth quarter of 2014. Additionally, net outflows for the twelve months ending September 30, 2015 were $1.0 billion and negative investment performance reduced AUM by $0.2 billion.

Gain on sale of loans for the three months ended September 30, 2015 was $0.4 million, an increase of $0.2 million, or 99%, compared to the same period in 2014. For the nine months ended September 30, 2015, gain on sale of loans was $1.0 million, a decrease of $0.9 million, or 48%, compared to the same period in 2014. Gain on sale of loans for the nine months ended September 30, 2014 includes 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. Although there was an increase of $0.2 million in the third quarter of 2015 as compared to the same period of 2014, 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 nine months ended September 30, 2015 was $3.4 million, an increase of $2.8 million compared to the same period in 2014. The first nine months of 2015 included $2.0 million related to the market value adjustment for the Banyan earnout and $0.8 million in gains on partnership investments, as compared to the nine months ended September 30, 2014 where there was no earnout adjustment or gains on partnership investments.

62

Operating Expense. Operating expense for the three months ended September 30, 2015 was $61.9 million, an increase of $7.9 million, or 15%, compared to the same period in 2014. For the nine months ended September 30, 2015, operating expense was $187.8 million, an increase of $24.4 million, or 15%, compared to the same period in 2014. The increase for the three and nine months ended September 30, 2015 is primarily due to the acquisition of Banyan. Additionally, the Company incurred restructuring charges related to the integration of BP Wealth in the three and nine months ended September 30, 2015 of $1.5 million and $1.7 million, respectively, that were not experienced in 2014.

Salaries and employee benefits expense, the largest component of operating expense, for the three months ended September 30, 2015 was $37.9 million, an increase of $2.1 million, or 6%, compared to the same period in 2014. For the nine months ended September 30, 2015, salaries and employee benefits was $119.9 million, an increase of $13.1 million, or 12%, compared to the same period in 2014. The three and nine 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 September 30, 2015 was $9.1 million, an increase of $1.7 million, or 23%, compared to the same period in 2014. For the nine months ended September 30, 2015, occupancy and equipment was $27.2 million, an increase of $4.7 million, or 21%, compared to the same period in 2014. The three and nine 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 September 30, 2015 was $2.0 million, an increase of $0.6 million, or 43%, compared to the same period in 2014. For the nine months ended September 30, 2015, marketing and business development was $5.1 million, a decrease of $0.5 million, or 9%, compared to the same period in 2014. The three and nine month change is primarily related to the timing of marketing programs in the Private Banking and Wealth Advisory segments.

Amortization of intangibles for the three months ended September 30, 2015 was $1.7 million, an increase of $0.6 million, or 61%, compared to the same period in 2014. For the nine months ended September 30, 2015, amortization of intangibles was $4.9 million, an increase of $1.8 million, or 57%, compared to the same period in 2014. The three and nine month increases are due to the intangible assets acquired in the Banyan acquisition.

Other expense for the three months ended September 30, 2015 was $4.4 million, an increase of $1.1 million, or 33%, compared to the same period in 2014. For the nine months ended September 30, 2015, other expense was $12.5 million, an increase of $3.1 million, or 34%, compared to the same period in 2014. The three and nine month increases are primarily due to the acquisition of Banyan as well as increased insurance expenses, problem loan expenses, and employee travel.

Income Tax Expense. Income tax expense for continuing operations for the three and nine months endedSeptember 30, 2015 was $8.2 million and $24.8 million, respectively. The effective tax rate for continuing operations for the nine months ended September 30, 2015 was 33.8%, compared to an effective tax rate of 32.3% 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, ASU 2015-14, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”) was issued in August 2015 which defers adoption to annual reporting periods beginning after December 15, 2017.

63

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 December 31, 2014. The Company is currently evaluating the effectiveness of the Company’s internal control over financial reporting for the year ending December 31, 2015 related to legacy Banyan Partners, LLC. 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 $78.3 million at September 30, 2015 and total revenues of $12.9 million and $41.6 million for the three and nine months ended September 30, 2015, respectively. These are included in the consolidated financial statements of the Company.

Based on such evaluation, except for the exclusion noted in the preceding paragraph, the Chief Executive Officer and Chief Financial Officer have concluded that such disclosure controls and procedures were effective as of September 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 September 30, 2015, that have materially affected, or are reasonably likely to materially affect, the Company’s internal controls over financial reporting.

64

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	Agreement, entered into on November 5, 2015, by and between Boston Private Financial Holdings, Inc. and Mark D. Thompson	8-K	11/9/2015	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

65

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
November 9, 2015	Clayton G. Deutsch
	Chief Executive Officer
	/s/ DAVID J. KAYE
November 9, 2015	David J. Kaye
	Executive Vice President, Chief Financial and Administrative Officer

66

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: November 9, 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: November 9, 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 endedSeptember 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: November 9, 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 endedSeptember 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: November 9, 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) - USD ($) $ in Thousands	Sep. 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	$ 70,137
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis	385,746
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis	90,545
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis	469,787
Investment securities available for sale at amortized cost	1,016,215	$ 826,858
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value	70,499
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value	390,101
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value	91,795
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value	470,860
Available-for-sale Securities	$ 1,023,255	$ 829,993

XML

Loan Portfolio and Credit Quality Loan footnote text disclosures (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Deferred Income	$ (5,500)	$ (5,400)
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	50	0
Financing Receivable, Modifications, Recorded Investment	35,700	44,800
Accruing Troubled Debt Restructured Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 23,300	$ 24,300

XML

Loan Portfolio and Credit Quality Loans by Portfolio Segment (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 5,607,472	$ 5,269,936
Commercial and industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,036,822	953,085
Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,903,648	1,788,403
Construction and land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	170,411	125,349
Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	2,211,886	2,132,095
Home equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	114,787	114,859
Consumer and other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 169,918	$ 156,145

XML

Restructuring (Details) - USD ($) $ in Thousands	3 Months Ended						12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2012
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	$ 16,400
Restructuring Reserve, beginning of period	389	$ 250	$ 739	$ 0	$ 0	$ 33	$ 33
Restructuring and Related Cost, Incurred Cost	1,504	220	0	0	0	0
Restructuring Reserve, Settled with Cash	(415)	(81)	(489)	0	0	(33)
Restructuring Reserve, end of period	1,478	389	250	0	0	0	739
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, beginning of period	389	250	739	0	0	33	33
Restructuring and Related Cost, Incurred Cost	1,214	220	0	0	0	0
Restructuring Reserve, Settled with Cash	(125)	(81)	(489)	0	0	(33)
Restructuring Reserve, end of period	1,478	389	250	0	0	0	739
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, beginning of period	0	0	0	0	0	0	0
Restructuring and Related Cost, Incurred Cost	290	0	0	0	0	0
Restructuring Reserve, Settled with Cash	(290)	0	0	0	0	0
Restructuring Reserve, end of period	0	0	$ 0	$ 0	$ 0	$ 0	0
Wealth Management and Trust Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	2,400
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, Cost Incurred to Date								$ 4,800
Restructuring and Related Cost, Expected Cost Remaining	0
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 Remaining	0
Restructuring and Related Cost, Incurred Cost	$ 1,500	$ 200					$ 700

XML

Allowance for Loan Losses Allowance Rollforward (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period	$ 78,251	$ 74,547	$ 75,838	$ 76,371
Provision/ (credit) for loan losses	2,600	(2,600)	100	(8,800)
Financing Receivable, Allowance for Credit Losses, Charge-offs	(1,920)	(1,115)	(2,032)	(2,059)
Financing Receivable, Allowance for Credit Losses, Recoveries	315	4,451	5,340	9,771
Loans and Leases Receivable, Allowance at End of Period	79,246	75,283	79,246	75,283
Commercial and industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period	14,621	13,141	14,114	12,837
Provision/ (credit) for loan losses	(432)	607	(2,209)	37
Financing Receivable, Allowance for Credit Losses, Charge-offs	(250)	0	(253)	(334)
Financing Receivable, Allowance for Credit Losses, Recoveries	79	249	2,366	1,457
Loans and Leases Receivable, Allowance at End of Period	14,018	13,997	14,018	13,997
Commercial real estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period	44,133	44,086	43,854	44,979
Provision/ (credit) for loan losses	2,170	647	904	(2,619)
Financing Receivable, Allowance for Credit Losses, Charge-offs	(1,400)	(900)	(1,400)	(1,400)
Financing Receivable, Allowance for Credit Losses, Recoveries	221	484	1,766	3,357
Loans and Leases Receivable, Allowance at End of Period	45,124	44,317	45,124	44,317
Construction and land [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period	5,418	4,580	4,041	4,465
Provision/ (credit) for loan losses	649	(2,335)	883	(2,633)
Financing Receivable, Allowance for Credit Losses, Charge-offs	0	(200)	0	(200)
Financing Receivable, Allowance for Credit Losses, Recoveries	15	2,168	1,158	2,581
Loans and Leases Receivable, Allowance at End of Period	6,082	4,213	6,082	4,213
Residential [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period	10,394	9,569	10,374	10,732
Provision/ (credit) for loan losses	399	(1,646)	419	(3,323)
Financing Receivable, Allowance for Credit Losses, Charge-offs	(264)	0	(313)	(88)
Financing Receivable, Allowance for Credit Losses, Recoveries	0	1,550	49	2,152
Loans and Leases Receivable, Allowance at End of Period	10,529	9,473	10,529	9,473
Home equity [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period	1,024	992	1,003	1,020
Provision/ (credit) for loan losses	(45)	(44)	(24)	(87)
Financing Receivable, Allowance for Credit Losses, Charge-offs	0	0	0	0
Financing Receivable, Allowance for Credit Losses, Recoveries	0	0	0	15
Loans and Leases Receivable, Allowance at End of Period	979	948	979	948
Consumer and other [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period	528	257	382	322
Provision/ (credit) for loan losses	(4)	154	201	(98)
Financing Receivable, Allowance for Credit Losses, Charge-offs	(6)	(15)	(66)	(37)
Financing Receivable, Allowance for Credit Losses, Recoveries	0	0	1	209
Loans and Leases Receivable, Allowance at End of Period	518	396	518	396
Unallocated Financing Receivables [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period	2,133	1,922	2,070	2,016
Provision/ (credit) for loan losses	(137)	17	(74)	(77)
Loans and Leases Receivable, Allowance at End of Period	$ 1,996	$ 1,939	$ 1,996	$ 1,939

XML

Fair Value Measurements Quantitiative Information about Level 3 Non-Recurring Assets (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015		Sep. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Loans Receivable, Fair Value Disclosure	$ 6,704	[1]	$ 3,825	[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	15.00%		4.00%
Fair Value Inputs, Comparability Adjustments	7.00%		5.00%
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	7.00%		0.00%
Fair Value Inputs, Comparability Adjustments	0.00%		0.00%
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	22.00%		12.00%
Fair Value Inputs, Comparability Adjustments	25.00%		25.00%

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

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

XML

Earnings Per Share Basic Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income from continuing operations		$ 13,208	$ 18,160	$ 48,453	$ 55,416
Net Income (Loss) Attributable to Noncontrolling Interest		994	1,167	3,486	3,428
Income (Loss) from Continuing Operations Attributable to Parent		12,214	16,993	44,967	51,988
Noncontrolling Interest, Change in Redemption Value	[1]	1,028	112	777	(257)
Preferred Stock Dividends and Other Adjustments		(874)	(908)	(2,692)	(2,795)
Other Preferred Stock Dividends and Adjustments		154	(796)	(1,915)	(3,052)
Net Income Loss Continuing Available to Common Shareholders Basic Before Participating		12,368	16,197	43,052	48,936
Undistributed Earnings Continuing Ops Allocated to Participating Securities		(6)	(66)	(73)	(284)
Net Income (Loss) from Continuing Ops Available to Common Stockholders, Basic		12,362	16,131	42,979	48,652
Net income from discontinued operations		1,316	1,272	4,956	4,650
Undistributed Earnings Discontinued Operations Allocated to Participating Securities		(2)	(9)	(18)	(44)
Net Income from Discontinued Ops Available to Common Stockholders, Basic		1,314	1,263	4,938	4,606
Net Income (Loss) Available to Common Stockholders Basic before Allocation to Participating Securities		13,684	17,469	48,008	53,586
Undistributed Earnings Allocated to Participating Securities		(8)	(75)	(91)	(328)
Net income attributable to common shareholders for earnings per share calculation		$ 13,676	$ 17,394	$ 47,917	$ 53,258
Income (Loss) from Continuing Operations, Per Basic Share		$ 0.15	$ 0.20	$ 0.53	$ 0.62
Income (Loss) from Discontinued Operations, Net of Tax, Per Basic Share		0.02	0.02	0.06	0.06
Earnings Per Share, Basic		$ 0.17	$ 0.22	$ 0.59	$ 0.68
Common Stock [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Weighted Average Basic Common Shares Outstanding		81,103,938	78,687,062	80,801,113	78,425,613

[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		Sep. 30, 2015	Dec. 31, 2014
Other Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	[1]	$ 10,944	$ 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]	10,944	5,323
Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	[1]	(14,998)	(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]	(3,881)	(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]	$ (11,117)	$ (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)

9 Months Ended

Sep. 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 September 30, 2015 and December 31, 2014, aggregated by the level in the fair value hierarchy within which those measurements fall:

	As of September 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	$	21,517	$	20,508	$	1,009	$	—
Government-sponsored entities	323,933		—		323,933		—
Municipal bonds	259,448		—		259,448		—
Mortgage-backed securities	400,325		—		400,325		—
Other	18,032		18,032		—		—
Total available for sale securities	1,023,255		38,540		984,715		—
Derivatives - interest rate customer swaps	10,944		—		10,944		—
Other investments	5,505		5,505		—		—
Liabilities:
Derivatives - interest rate customer swaps	$	11,100	$	—	$	11,100	$	—
Derivatives - interest rate swaps	3,423		—		3,423		—
Derivatives - junior subordinated debenture interest rate swap	458		—		458		—
Derivatives - risk participation agreement	17		—		17		—
Other liabilities	5,498		5,498		—		—

			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 September 30, 2015 and 2014, respectively, aggregated by the level in the fair value hierarchy within which those measurements fall:

	As of September 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 September 30, 2015			Nine months ended September 30, 2015
	(In thousands)
Assets:
Impaired loans (1)	$	6,704	$	—	$	—	$	6,704	$	(1,914	)	$	(1,914	)

___________________

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

	As of September 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 September 30, 2014			Nine months ended September 30, 2014
	(In thousands)
Assets:
Impaired loans (1)	$	3,825	$	—	$	—	$	3,825	$	(1,100	)	$	(1,600	)

________________

(1) Collateral-dependent impaired loans held at September 30, 2014 that had write-downs in fair value or whose specific reserve changed during the first nine 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 September 30, 2015
	Fair Value		Valuation technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	6,704	Appraisals of Collateral	Discount for costs to sell	7% - 22%	15%
				Appraisal adjustments	0% - 25%	7%

	As of September 30, 2014
	Fair Value		Valuation technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	3,825	Appraisals of Collateral	Discount for costs to sell	0% - 12%	4%
				Appraisal adjustments	0% - 25%	5%

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 September 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	$	43,640	$	43,640	$	43,640	$	—	$	—
Investment securities held to maturity	121,679		123,186		—		123,186		—
Loans held for sale	7,685		7,843		—		7,843		—
Loans, net	5,528,226		5,569,569		—		—		5,569,569
Other financial assets	117,397		117,397		—		117,397		—
FINANCIAL LIABILITIES:
Deposits	5,647,859		5,650,525		—		5,650,525		—
Securities sold under agreements to repurchase	35,698		35,698		—		35,698		—
Federal Funds purchased	60,000		60,000		—		60,000		—
Federal Home Loan Bank borrowings	461,899		468,687		—		468,687		—
Junior subordinated debentures	106,363		96,363		—		—		96,363
Other financial liabilities	2,022		2,022		—		2,022		—

	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 held for sale	7,099		7,239		—		7,239		—
Loans, net	5,194,098		5,130,843		—		—		5,130,843
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	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	$ 7,024	$ 6,960
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	50	0
Financing Receivable, Recorded Investment, Nonaccrual Status	30,727	44,182
Financing Receivable, Recorded Investment, Current	5,569,721	5,218,794
Total loans	5,607,472	5,269,936
Financing Receivables, 1 to 29 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	14,293	26,546
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	4,480	4,976
Financing Receivable, Recorded Investment, Nonaccrual Status	4,938	2,483
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	2,494	1,984
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	11,496	15,153
Commercial and industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	3,742	723
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	50	0
Financing Receivable, Recorded Investment, Nonaccrual Status	774	2,129
Financing Receivable, Recorded Investment, Current	1,032,306	950,233
Total loans	1,036,822	953,085
Commercial and industrial [Member] | Financing Receivables, 1 to 29 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	774	157
Commercial and industrial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	2,984	723
Financing Receivable, Recorded Investment, Nonaccrual Status	0	0
Commercial and industrial [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	708	0
Commercial and industrial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	0	1,972
Commercial real estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	339	238
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	0	0
Financing Receivable, Recorded Investment, Nonaccrual Status	16,327	18,485
Financing Receivable, Recorded Investment, Current	1,886,982	1,769,680
Total loans	1,903,648	1,788,403
Commercial real estate [Member] | Financing Receivables, 1 to 29 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	10,181	14,235
Commercial real estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	339	167
Financing Receivable, Recorded Investment, Nonaccrual Status	4,870	684
Commercial real estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	71
Commercial real estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	1,276	3,566
Construction and land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	0	0
Financing Receivable, Recorded Investment, Nonaccrual Status	3,348	11,422
Financing Receivable, Recorded Investment, Current	167,063	113,927
Total loans	170,411	125,349
Construction and land [Member] | Financing Receivables, 1 to 29 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	188	8,245
Construction and land [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivable, Recorded Investment, Nonaccrual Status	57	86
Construction and land [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Construction and land [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	3,103	3,091
Residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	1,680	5,791
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	0	0
Financing Receivable, Recorded Investment, Nonaccrual Status	8,957	9,713
Financing Receivable, Recorded Investment, Current	2,201,249	2,116,591
Total loans	2,211,886	2,132,095
Residential [Member] | Financing Receivables, 1 to 29 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	2,908	2,770
Residential [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	3,878
Financing Receivable, Recorded Investment, Nonaccrual Status	0	1,704
Residential [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	1,680	1,913
Residential [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	6,049	5,239
Home equity [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	93	0
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	0	0
Financing Receivable, Recorded Investment, Nonaccrual Status	1,273	1,320
Financing Receivable, Recorded Investment, Current	113,421	113,539
Total loans	114,787	114,859
Home equity [Member] | Financing Receivables, 1 to 29 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	219	98
Home equity [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivable, Recorded Investment, Nonaccrual Status	0	0
Home equity [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	93	0
Home equity [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	1,054	1,222
Consumer and other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	1,170	208
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	0	0
Financing Receivable, Recorded Investment, Nonaccrual Status	48	1,113
Financing Receivable, Recorded Investment, Current	168,700	154,824
Total loans	169,918	156,145
Consumer and other [Member] | Financing Receivables, 1 to 29 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	23	1,041
Consumer and other [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	1,157	208
Financing Receivable, Recorded Investment, Nonaccrual Status	11	9
Consumer and other [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	13	0
Consumer and other [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 14	$ 63

XML

Investments Investment Securities in Unrealized Loss Position (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015 USD ($) securities
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 233,329
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(1,217)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	74,027
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(1,682)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	307,356
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	$ (2,899)
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	90
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 0
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	0
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	6,738
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	(22)
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value	6,738
Held-to-maturity Securities, Continuous Unrealized Loss Position, Aggregate Loss	$ (22)
Held-to-maturity, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	1
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	$ 533
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(18)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	475
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(30)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	1,008
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	$ (48)
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	2
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	$ 9,996
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	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	9,996
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	$ (4)
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	1
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	$ 33,629
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(216)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	3,680
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(37)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	37,309
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	$ (253)
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	21
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	$ 189,083
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(958)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	69,829
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(1,591)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	258,912
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	$ (2,549)
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	49
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 0
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	0
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	6,738
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	(22)
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value	6,738
Held-to-maturity Securities, Continuous Unrealized Loss Position, Aggregate Loss	$ (22)
Held-to-maturity, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	1
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	$ 88
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(21)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	43
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(24)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	131
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	17

XML

Reportable Segments Segments Text Disclosure (Details)	9 Months Ended
	Sep. 30, 2015 segments
Segment Reporting Information [Line Items]
Number of Reportable Segments	4

XML

Loan Portfolio and Credit Quality Impaired Loans With and Without Related Allowance (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended			12 Months Ended
		Sep. 30, 2015		Sep. 30, 2014	Sep. 30, 2015		Sep. 30, 2014	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1],[2]	$ 29,031		$ 35,674	$ 29,031		$ 35,674	$ 43,438
Impaired Financing Receivable, with Related Allowance, Recorded Investment	[2]	20,735		16,918	20,735		16,918	18,905
Impaired Financing Receivable, Recorded Investment	[2]	49,766		52,592	49,766		52,592	62,343
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	[1]	39,708		49,110	39,708		49,110	54,773
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		22,720		17,587	22,720		17,587	19,552
Impaired Financing Receivable, Unpaid Principal Balance		62,428		66,697	62,428		66,697	74,325
Impaired Financing Receivable, Related Allowance		2,657		1,771	2,657		1,771	4,185
Impaired Financing Receivable, Related Allowance		2,657		1,771	2,657		1,771	4,185
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		30,967		37,629	34,510		38,876	38,390
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		19,367		17,750	19,324		19,866	19,323
Impaired Financing Receivable, Average Recorded Investment		50,334		55,379	53,834		58,742	57,713
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method		453		570	2,472		2,607	2,921
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method		137		175	507		516	697
Impaired Financing Receivable, Interest Income, Cash Basis Method		590		745	2,979		3,123	3,618
Commercial and industrial [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1],[2]	2,076		2,028	2,076		2,028	2,011
Impaired Financing Receivable, with Related Allowance, Recorded Investment	[2]	19		1,019	19		1,019	891
Impaired Financing Receivable, Recorded Investment	[2]	2,095		3,047	2,095		3,047	2,902
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	[1]	2,369		3,134	2,369		3,134	3,095
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		19		1,104	19		1,104	954
Impaired Financing Receivable, Unpaid Principal Balance		2,388		4,238	2,388		4,238	4,049
Impaired Financing Receivable, Related Allowance		0	[3]	93	0	[3]	93	91
Impaired Financing Receivable, Related Allowance		0	[3]	93	0	[3]	93	91
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		1,954		2,032	1,441		2,066	2,055
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		441		1,041	848		1,151	1,111
Impaired Financing Receivable, Average Recorded Investment		2,395		3,073	2,289		3,217	3,166
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method		14		1	822		5	28
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method		12		36	66		64	99
Impaired Financing Receivable, Interest Income, Cash Basis Method		26		37	888		69	127
Commercial real estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1],[2]	15,744		21,446	15,744		21,446	21,500
Impaired Financing Receivable, with Related Allowance, Recorded Investment	[2]	12,262		7,493	12,262		7,493	9,065
Impaired Financing Receivable, Recorded Investment	[2]	28,006		28,939	28,006		28,939	30,565
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	[1]	23,696		32,167	23,696		32,167	28,700
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		14,091		7,921	14,091		7,921	9,493
Impaired Financing Receivable, Unpaid Principal Balance		37,787		40,088	37,787		40,088	38,193
Impaired Financing Receivable, Related Allowance		1,300		910	1,300		910	2,592
Impaired Financing Receivable, Related Allowance		1,300		910	1,300		910	2,592
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		17,698		23,396	19,140		26,393	24,921
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		9,818		7,529	9,166		7,916	7,925
Impaired Financing Receivable, Average Recorded Investment		27,516		30,925	28,306		34,309	32,846
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method		320		435	1,286		2,268	2,483
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method		82		96	298		284	379
Impaired Financing Receivable, Interest Income, Cash Basis Method		402		531	1,584		2,552	2,862
Construction and land [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1],[2]	1,148		1,416	1,148		1,416	9,221
Impaired Financing Receivable, with Related Allowance, Recorded Investment	[2]	2,200		2,200	2,200		2,200	2,200
Impaired Financing Receivable, Recorded Investment	[2]	3,348		3,616	3,348		3,616	11,421
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	[1]	2,177		2,421	2,177		2,421	11,133
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		2,356		2,356	2,356		2,356	2,356
Impaired Financing Receivable, Unpaid Principal Balance		4,533		4,777	4,533		4,777	13,489
Impaired Financing Receivable, Related Allowance		172		172	172		172	172
Impaired Financing Receivable, Related Allowance		172		172	172		172	172
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		1,187		1,019	3,599		880	1,597
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		2,200		2,540	2,200		2,648	2,545
Impaired Financing Receivable, Average Recorded Investment		3,387		3,559	5,799		3,528	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],[2]	10,006		9,727	10,006		9,727	9,650
Impaired Financing Receivable, with Related Allowance, Recorded Investment	[2]	6,254		6,206	6,254		6,206	6,749
Impaired Financing Receivable, Recorded Investment	[2]	16,260		15,933	16,260		15,933	16,399
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	[1]	11,409		10,331	11,409		10,331	10,788
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		6,254		6,206	6,254		6,206	6,749
Impaired Financing Receivable, Unpaid Principal Balance		17,663		16,537	17,663		16,537	17,537
Impaired Financing Receivable, Related Allowance		1,185		596	1,185		596	1,330
Impaired Financing Receivable, Related Allowance		1,185		596	1,185		596	1,330
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		9,821		10,125	9,573		9,080	9,221
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		6,908		6,640	7,110		8,151	7,742
Impaired Financing Receivable, Average Recorded Investment		16,729		16,765	16,683		17,231	16,963
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method		58		133	209		331	406
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method		43		43	143		168	219
Impaired Financing Receivable, Interest Income, Cash Basis Method		101		176	352		499	625
Home equity [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1],[2]	50		50	50		50	50
Impaired Financing Receivable, with Related Allowance, Recorded Investment	[2]	0		0	0		0	0
Impaired Financing Receivable, Recorded Investment	[2]	50		50	50		50	50
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	[1]	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		1		1	2		2	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		1		1	2		2	3
Consumer and other [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1],[2]	7		1,007	7		1,007	1,006
Impaired Financing Receivable, with Related Allowance, Recorded Investment	[2]	0		0	0		0	0
Impaired Financing Receivable, Recorded Investment	[2]	7		1,007	7		1,007	1,006
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	[1]	7		1,007	7		1,007	1,007
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		0		0	0		0	0
Impaired Financing Receivable, Unpaid Principal Balance		7		1,007	7		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		257		1,007	707		407	546
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		0		0	0		0	0
Impaired Financing Receivable, Average Recorded Investment		257		1,007	707		407	546
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method		60		0	61		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		$ 60		$ 0	$ 61		$ 1	$ 1

[1] No specific reserve allocation is required due to the adequacy of collateral, prior charge-offs taken, interest collected and applied to principal, or a combination of these items.

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

[3] The related allowance for the commercial and industrial loan category is immaterial.

XML

Noncontrolling Interests Redeemable Noncontrolilng Interests Rollforward (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 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	$ 994	$ 1,167	3,486	$ 3,428
Redeemable noncontrolling interests at end of period	18,257		18,257
Nonredeemable Noncontrolling Interest at end of period	3,144		3,144
Redeemable Noncontrolling Interest [Member]
Redeemable Noncontrolling Interest [Line Items]
Redeemable noncontrolling interests at beginning of year	19,200	20,895	20,905	19,468
Net income attributable to noncontrolling interests	784	1,119	2,848	3,315
Redeemable noncontrolling interest, decrease from distributions to redeemable noncontrolling interest holders	(819)	(1,110)	(2,972)	(3,179)
Redeemable Noncontrolling Interest Increase, Purchase of Additional Ownership Interest	0	0	(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	(908)	493	631	2,266
Redeemable noncontrolling interests at end of period	18,257	21,397	18,257	21,397
Noncontrolling Interest [Member]
Redeemable Noncontrolling Interest [Line Items]
Nonredeemable Noncontrolling Interest at beginning of year	2,896	232	386	171
Net income attributable to noncontrolling interests	210	48	638	113
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	(93)	(49)	(345)	(226)
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	0	0	419	126
Noncontrolling Interest, Increase from Subsidiary Equity Issuance	0		1,652
Amortization of Noncontrolling Interest Equity Compensation	118	24	354	72
Noncontrolling Interest, adjustment to fair value	13	8	40	7
Nonredeemable Noncontrolling Interest at end of period	$ 3,144	$ 263	$ 3,144	$ 263

XML

Derivatives and Hedging Activities Cash Flow Hedges Text Description (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015 USD ($) contracts	Sep. 30, 2014 USD ($)	Sep. 30, 2015 USD ($) contracts	Sep. 30, 2014 USD ($)	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	$ 2,400		$ 2,400
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held | contracts	3		3		0
Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held | contracts	74		74		24
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Collateral, Right to Reclaim Cash	$ 2,400		$ 2,400		$ 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	Sep. 30, 2015		Dec. 31, 2014	Sep. 30, 2014	[2]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity Securities, Fair Value	$ 123,186		$ 142,339
Federal funds purchased	60,000		0
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans Receivable, Fair Value Disclosure	6,704	[1]		$ 3,825
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	6,704	[1]		$ 3,825
Reported Value Measurement, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	43,640		172,609
Held-to-maturity Securities, Fair Value	121,679		140,727
Loans Receivable, Fair Value Disclosure	5,528,226		5,194,098
Loans Held-for-sale, Fair Value Disclosure	7,685		7,099
Other Assets, Fair Value Disclosure	117,397		114,686
Deposits, Fair Value Disclosure	5,647,859		5,453,879
Securities Loaned or Sold under Agreements to Repurchase, Fair Value Disclosure	35,698		30,496
Federal funds purchased	60,000
Federal Home Loan Bank Borrowings, Fair Value Disclosure	461,899		370,150
Subordinated Debt Obligations, Fair Value Disclosure	106,363		106,363
Other Liabilities, Fair Value Disclosure	2,022		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	43,640		172,609
Held-to-maturity Securities, Fair Value	123,186		142,339
Loans Receivable, Fair Value Disclosure	5,569,569		5,130,843
Loans Held-for-sale, Fair Value Disclosure	7,843		7,239
Other Assets, Fair Value Disclosure	117,397		114,686
Deposits, Fair Value Disclosure	5,650,525		5,457,117
Securities Loaned or Sold under Agreements to Repurchase, Fair Value Disclosure	35,698		30,493
Federal funds purchased	60,000
Federal Home Loan Bank Borrowings, Fair Value Disclosure	468,687		376,320
Subordinated Debt Obligations, Fair Value Disclosure	96,363		96,363
Other Liabilities, Fair Value Disclosure	2,022		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	43,640		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	123,186		142,339
Loans Receivable, Fair Value Disclosure	0		0
Loans Held-for-sale, Fair Value Disclosure	7,843		7,239
Other Assets, Fair Value Disclosure	117,397		114,686
Deposits, Fair Value Disclosure	5,650,525		5,457,117
Securities Loaned or Sold under Agreements to Repurchase, Fair Value Disclosure	35,698		30,493
Federal funds purchased	60,000
Federal Home Loan Bank Borrowings, Fair Value Disclosure	468,687		376,320
Subordinated Debt Obligations, Fair Value Disclosure	0		0
Other Liabilities, Fair Value Disclosure	2,022		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	5,569,569		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 September 30, 2015 that had write-downs in fair value or whose specific reserve changed during the first nine months of 2015.

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

XML

Basis of Presentation and Summary of Significant Accounting Policies

9 Months Ended

Sep. 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 Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015 USD ($) contracts	Sep. 30, 2014 USD ($)	Sep. 30, 2015 USD ($) contracts	Sep. 30, 2014 USD ($)	Dec. 31, 2014 USD ($) contracts
Derivative [Line Items]
Loss on Cash Flow Hedge Ineffectiveness	$ 0	$ 0	$ 0	$ 0
Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held | contracts	74		74		24
Derivative, Notional Amount	$ 474,900		$ 474,900		$ 238,700
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Collateral, Right to Reclaim Securities	14,400		14,400		7,000
Loan Participations and Assignments [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 8,300		$ 8,300		$ 0
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held | contracts	3		3		0
Derivative, Notional Amount	$ 200		$ 200

XML

Investments Other Investment Disclosures (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Investments, Other Disclosures [Abstract]
Cost Method Investments, Additional Information	0	0
Cost Method Investments	$ 25.3	$ 27.0

XML

Income Taxes (Tables)

9 Months Ended

Sep. 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:

	Nine months ended September 30,
	2015			2014
	(In thousands)
Income from continuing operations:
Income before income taxes	$	73,207		$	81,880
Income tax expense	24,754			26,464
Net income from continuing operations	$	48,453		$	55,416
Effective tax rate, continuing operations	33.8		%	32.3		%
Income from discontinued operations:
Income before income taxes	$	8,790		$	8,625
Income tax expense	3,834			3,975
Net income from discontinued operations	$	4,956		$	4,650
Effective tax rate, discontinued operations	43.6		%	46.1		%
Less: Income attributable to noncontrolling interests:
Income before income taxes	$	3,486		$	3,428
Income tax expense	—			—
Net income attributable to noncontrolling interests	$	3,486		$	3,428
Effective tax rate, noncontrolling interests	—		%	—		%
Income attributable to the Company
Income before income taxes	$	78,511		$	87,077
Income tax expense	28,588			30,439
Net income attributable to the Company	$	49,923		$	56,638
Effective tax rate attributable to the Company	36.4		%	35.0		%

XML

Derivatives and Hedging Activities (Tables)

9 Months Ended

Sep. 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 September 30, 2015 and December 31, 2014:

	September 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	$	(3,881	)	Other assets	$	34	Other liabilities	$	(3,352	)
Derivatives not designated as hedging instruments:
Interest rate products	Other assets	10,944		Other liabilities	(11,117		)	Other assets	5,323		Other liabilities	(5,434		)
Total		$	10,944		$	(14,998	)		$	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 nine months ended September 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 September 30,						three months ended September 30,
	2015			2014			2015			2014
(In thousands)
Interest rate products	$	(1,896	)	$	667	Interest expense	$	(1,026	)	$	(869	)
Total	$	(1,896	)	$	667		$	(1,026	)	$	(869	)

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)
	nine months ended September 30,							nine months ended September 30,
	2015			2014				2015			2014
(In thousands)
Interest rate products	$	(3,629	)	$	(1,847	)	Interest expense	$	(3,066	)	$	(2,217	)
Total	$	(3,629	)	$	(1,847	)		$	(3,066	)	$	(2,217	)

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 nine months ended September 30, 2015 and 2014:

	Three months ended September 30,						Nine months ended September 30,
	2015			2014			2015			2014
	(In thousands)
Accumulated other comprehensive income/ (loss) on cash flow hedges, balance at beginning of period	$	(1,756	)	$	(2,458	)	$	(1,923	)	$	(1,763	)
Net change in unrealized gain/ (loss) on cash flow hedges	(521		)	893			(354		)	198
Accumulated other comprehensive income/ (loss) on cash flow hedges, balance at end of period	$	(2,277	)	$	(1,565	)	$	(2,277	)	$	(1,565	)

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 nine months ended September 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 September 30,					Nine months ended September 30,
		2015			2014		2015			2014
		(In thousands)
Interest rate products	Other income/ (expense)	$	(346	)	$	19	$	(45	)	$	(87	)
Other products (1)	Other income/ (expense)	(8		)	—		37			—
Total		$	(354	)	$	19	$	(8	)	$	(87	)

___________________

(1)     Risk Participation Agreement.

XML

Allowance for Loan Losses Allowance by impairment analysis method (Details) - USD ($)	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	$ 76,589,000		$ 71,653,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	2,657,000		4,185,000
Loans and Leases Receivable, Allowance	79,246,000	$ 78,251,000	75,838,000	$ 75,283,000	$ 74,547,000	$ 76,371,000
Financing Receivable, Collectively Evaluated for Impairment	5,557,706,000		5,207,593,000
Financing Receivable, Individually Evaluated for Impairment	49,766,000		62,343,000
Total loans	5,607,472,000		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	14,018,000		14,023,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0		91,000
Loans and Leases Receivable, Allowance	14,018,000	14,621,000	14,114,000	13,997,000	13,141,000	12,837,000
Financing Receivable, Collectively Evaluated for Impairment	1,034,727,000		950,183,000
Financing Receivable, Individually Evaluated for Impairment	2,095,000		2,902,000
Total loans	1,036,822,000		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	43,824,000		41,262,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	1,300,000		2,592,000
Loans and Leases Receivable, Allowance	45,124,000	44,133,000	43,854,000	44,317,000	44,086,000	44,979,000
Financing Receivable, Collectively Evaluated for Impairment	1,875,642,000		1,757,839,000
Financing Receivable, Individually Evaluated for Impairment	28,006,000		30,564,000
Total loans	1,903,648,000		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	5,910,000		3,869,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	172,000		172,000
Loans and Leases Receivable, Allowance	6,082,000	5,418,000	4,041,000	4,213,000	4,580,000	4,465,000
Financing Receivable, Collectively Evaluated for Impairment	167,063,000		113,928,000
Financing Receivable, Individually Evaluated for Impairment	3,348,000		11,421,000
Total loans	170,411,000		125,349,000
Residential [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	9,344,000		9,044,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	1,185,000		1,330,000
Loans and Leases Receivable, Allowance	10,529,000	10,394,000	10,374,000	9,473,000	9,569,000	10,732,000
Financing Receivable, Collectively Evaluated for Impairment	2,195,626,000		2,115,696,000
Financing Receivable, Individually Evaluated for Impairment	16,260,000		16,399,000
Total loans	2,211,886,000		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	979,000		1,003,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0		0
Loans and Leases Receivable, Allowance	979,000	1,024,000	1,003,000	948,000	992,000	1,020,000
Financing Receivable, Collectively Evaluated for Impairment	114,737,000		114,809,000
Financing Receivable, Individually Evaluated for Impairment	50,000		50,000
Total loans	114,787,000		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	518,000		382,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0		0
Loans and Leases Receivable, Allowance	518,000	528,000	382,000	396,000	257,000	322,000
Financing Receivable, Collectively Evaluated for Impairment	169,911,000		155,138,000
Financing Receivable, Individually Evaluated for Impairment	7,000		1,007,000
Total loans	169,918,000		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	1,996,000		2,070,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0		0
Loans and Leases Receivable, Allowance	1,996,000	$ 2,133,000	2,070,000	$ 1,939,000	$ 1,922,000	$ 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		Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		$ 1,023,255	$ 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		21,517	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		323,933	274,253
Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		259,448	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]	400,325	283,704
Other Aggregated Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		18,032	19,906
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		1,023,255	829,993
Alternative Investments, Fair Value Disclosure		5,505	5,437
Financial and Nonfinancial Liabilities, Fair Value Disclosure		5,498
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		458	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		3,423	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		10,944	5,323
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		11,100	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		17
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		21,517	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		323,933	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		259,448	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		400,325	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		18,032	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		38,540	35,283
Alternative Investments, Fair Value Disclosure		5,505	5,437
Financial and Nonfinancial Liabilities, Fair Value Disclosure		5,498
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		20,508	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		18,032	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		984,715	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		458	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		3,423	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		10,944	5,323
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		11,100	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		17
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		1,009	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		323,933	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		259,448	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		400,325	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.

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Noncontrolling Interests (Tables)

9 Months Ended

Sep. 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:

	September 30, 2015		December 31, 2014
	(In thousands)
Anchor	$	12,142	$	11,929
BOS	6,742		6,069
DGHM (1)	2,517		3,293
Total	$	21,401	$	21,291
Redeemable noncontrolling interests	$	18,257	$	20,905
Noncontrolling interests	$	3,144	$	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						Nine months ended
	September 30, 2015						September 30, 2015
	Redeemable noncontrolling interests			Noncontrolling interests			Redeemable noncontrolling interests			Noncontrolling interests
	(In thousands)
Noncontrolling interests at beginning of period	$	19,200		$	2,896		$	20,905		$	386
Net income attributable to noncontrolling interests	784			210			2,848			638
Distributions	(819		)	(93		)	(2,972		)	(345		)
Purchases/ (sales) of ownership interests	—			—			(1,503		)	419
Transfers of ownership interests from mezzanine to permanent equity	—			—			(1,652		)	1,652
Amortization of equity compensation	—			118			—			354
Adjustments to fair value	(908		)	13			631			40
Noncontrolling interests at end of period	$	18,257		$	3,144		$	18,257		$	3,144

	Three months ended						Nine months ended
	September 30, 2014						September 30, 2014
	Redeemable noncontrolling interests			Noncontrolling interests			Redeemable noncontrolling interests			Noncontrolling interests
	(In thousands)
Noncontrolling interests at beginning of period	$	20,895		$	232		$	19,468		$	171
Net income attributable to noncontrolling interests	1,119			48			3,315			113
Distributions	(1,110		)	(49		)	(3,179		)	(226		)
Purchases/ (sales) of ownership interests	—			—			(473		)	126
Amortization of equity compensation	—			24			—			72
Adjustments to fair value	493			8			2,266			7
Noncontrolling interests at end of period	$	21,397		$	263		$	21,397		$	263

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Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2015 and 2014:

Description of component of accumulated other comprehensive income/ (loss)	Three months ended September 30,						Nine months ended September 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	$	5		$	7		$	21		$	8		Gain on sale of investments, net
Tax expense/ (benefit)	2			3			9			3			Income tax expense
Net	$	3		$	4		$	12		$	5		Net income attributable to the Company
Net realized gain/ (loss) on cash flow hedges:
Hedge related to junior subordinated debentures:
Pre-tax	$	(477	)	$	(486	)	$	(1,421	)	$	(1,440	)	Interest expense on junior subordinated debentures
Tax expense/ (benefit)	(204		)	(209		)	(608		)	(616		)	Income tax expense
Net	$	(273	)	$	(277	)	$	(813	)	$	(824	)	Net income attributable to the Company
Hedges related to deposits:
Pre-tax	$	(549	)	$	(383	)	$	(1,645	)	$	(777	)	Interest expense on deposits
Tax expense/ (benefit)	(225		)	(157		)	(677		)	(321		)	Income tax expense
Net	$	(324	)	$	(226	)	$	(968	)	$	(456	)	Net income attributable to the Company
Total reclassifications for the period, net of tax	$	(594	)	$	(499	)	$	(1,769	)	$	(1,275	)

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Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income attributable to the Company	$ 49,923	$ 56,638
Adjustments to arrive at net income from continuing operations [Abstract]
Net income attributable to noncontrolling interests	3,486	3,428
Less: Net income from discontinued operations	(4,956)	(4,650)
Net income from continuing operations	48,453	55,416
Adjustments to reconcile net income from continuing operations to net cash provided by/(used in) operating activities:
Depreciation and amortization	16,921	13,700
Net income attributable to noncontrolling interests	(3,486)	(3,428)
Equity issued as compensation	7,631	4,024
Provision/ (credit) for loan losses	100	(8,800)
Loans originated for sale	(128,194)	(48,625)
Proceeds from sale of loans held for sale	128,637	50,171
Deferred income tax expense/ (benefit)	(109)	4,642
Net decrease/ (increase) in other operating activities	(7,798)	15,564
Net cash provided by/ (used in) operating activities of continuing operations	62,155	82,664
Net cash provided by/ (used in) operating activities of discontinued operations	4,956	4,650
Net cash provided by/ (used in) operating activities	67,111	87,314
Investment securities available for sale:
Purchases	(362,430)	(192,350)
Sales	5,850	5,566
Maturities, redemptions, and principal payments	162,040	153,869
Investment securities held to maturity:
Purchases	0	34,936
Principal payments	18,449	13,847
(Investments)/ distributions in trusts, net	(68)	(362)
(Purchase)/ redemption of Federal Home Loan Banks stock	(3,237)	6,078
Net (increase)/ decrease in portfolio loans	(340,813)	(161,145)
Proceeds from recoveries of loans previously charged-off	5,340	9,771
Proceeds from sale of OREO	277	988
Proceeds from sale of portfolio loans	0	58,568
Capital expenditures	(3,593)	(5,165)
Cash used in other investing activities	0	1,602
Net cash provided by/ (used in) investing activities of continuing operations	(518,185)	(146,873)
Net cash provided by/ (used in) investing activities	(518,185)	(146,873)
Cash flows from financing activities:
Net increase/ (decrease) in deposits	193,980	224,511
Net increase/ (decrease) in securities sold under agreements to repurchase	5,202	(28,931)
Net increase/ (decrease) in federal funds purchased	60,000	0
Net increase/ (decrease) in short-term Federal Home Loan Bank borrowings	60,000	0
Advances of long-term Federal Home Loan Bank borrowings	67,636	20,000
Repayments of long-term Federal Home Loan Bank borrowings	(35,887)	(15,887)
Dividends paid to common shareholders	(22,401)	(19,216)
Dividends paid to preferred shareholders	(2,606)	(2,606)
Tax benefit/ (deficiency) from certain stock compensation awards	(1,008)	1,016
Proceeds from stock option exercises	1,123	1,634
Proceeds from issuance of common stock, net	(360)	(354)
Distributions paid to noncontrolling interests	(3,317)	(3,272)
Other equity adjustments	(257)	(305)
Net cash provided by/ (used in) financing activities of continuing operations	322,105	176,590
Net cash provided by/ (used in) financing activities	322,105	176,590
Net increase/ (decrease) in cash and cash equivalents	(128,969)	117,031
Cash and cash equivalents at beginning of year	172,609	191,881
Cash and cash equivalents at end of period	43,640	308,912
Supplementary schedule of non-cash investing and financing activities:
Cash paid for interest	20,563	22,894
Cash paid for income taxes, net of (refunds received)	28,939	19,999
Net unrealized gain/ (loss) on securities available for sale, net of tax	2,339	2,687
Net unrealized gain/ (loss) on cash flow hedges, net of tax	(354)	198
Net unrealized gain/ (loss) on other, net of tax	(1)	0
Loans transferred into/ (out of) held for sale from/(to) portfolio	0	56,967
Loans charged-off	$ (2,032)	$ (2,059)

XML

Restructuring (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2015 and 2014:

	Severance Charges			Other Associated Costs			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
Costs incurred	1,214			290			1,504
Costs paid	(125		)	(290		)	(415		)
Accrued charges at September 30, 2015	$	1,478		$	—		$	1,478
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	—			—			—
Costs incurred	—			—			—
Costs paid	—			—			—
Accrued charges at September 30, 2014	$	—		$	—		$	—

XML

Investments Maturities of HTM Securities (Details) - USD ($) $ in Thousands		Sep. 30, 2015	Dec. 31, 2014
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity Securities		$ 121,679	$ 140,727
Held-to-maturity Securities, Fair Value		123,186	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, after One Through Five Years, Net Carrying Amount		0
Held-to-maturity Securities, Debt Maturities, after Five Through Ten Years, Net Carrying Amount		0
Held-to-maturity Securities, Debt Maturities, after Ten Years, Net Carrying Amount		121,679
Held-to-maturity Securities	[1]	121,679	140,727
Held-to-maturity Securities, Debt Maturities, Next Twelve Months, Fair Value		0
Held-to-maturity Securities, Debt Maturities, Year Two Through Five, Fair Value		0
Held-to-maturity Securities, Debt Maturities, Year Six Through Ten, Fair Value		0
Held-to-maturity Securities, Debt Maturities, after Ten Years, Fair Value		123,186
Held-to-maturity Securities, Fair Value	[1]	$ 123,186	$ 142,339

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

XML

Loan Portfolio and Credit Quality TDR Loans Restructured or Defaulted in Period (Details) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015 USD ($) Loans	Sep. 30, 2014 USD ($) Loans	Sep. 30, 2015 USD ($) Loans	Sep. 30, 2014 USD ($) Loans	Dec. 31, 2014 USD ($)
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		$ 35,700		$ 35,700		$ 44,800
Financing Receivable, Modifications, Number of Contracts | Loans		1	0	11	3
Financing Receivable, Modifications, Pre-Modification Recorded Investment		$ 732	$ 0	$ 6,661	$ 287
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 720	$ 0	$ 6,658	$ 296
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | Loans		0	2	0	4
Financing Receivable, Modifications, Subsequent Default, Recorded Investment		$ 0	$ 518	$ 0	$ 663
Accruing Troubled Debt Restructured Loans [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment		$ 23,300		$ 23,300		$ 24,300
Commercial and industrial [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans		0	0	1	0
Financing Receivable, Modifications, Pre-Modification Recorded Investment		$ 0	$ 0	$ 1,298	$ 0
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 0	$ 0	$ 1,304	$ 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] | Extension of Term [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans		0		0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 0		$ 0	$ 0
Commercial and industrial [Member] | Temporary Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans		0		0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 0		$ 0	$ 0
Commercial and industrial [Member] | Payment Deferral [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans		0		0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 0		$ 0	$ 0
Commercial and industrial [Member] | Combination of Concessions [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	[1]	0		1	0
Financing Receivable, Modifications, Post-Modification Recorded Investment	[1]	$ 0		$ 1,304	$ 0
Commercial real estate [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans		1	0	2	0
Financing Receivable, Modifications, Pre-Modification Recorded Investment		$ 732	$ 0	$ 4,850	$ 0
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 720	$ 0	$ 4,838	$ 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		0		1	0
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 0		$ 4,118	$ 0
Commercial real estate [Member] | Temporary Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans		0		0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 0		$ 0	$ 0
Commercial real estate [Member] | Payment Deferral [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans		0		0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 0		$ 0	$ 0
Commercial real estate [Member] | Combination of Concessions [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	[1]	1		1	0
Financing Receivable, Modifications, Post-Modification Recorded Investment	[1]	$ 720		$ 720	$ 0
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
Construction and land [Member] | Extension of Term [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans		0		0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 0		$ 0	$ 0
Construction and land [Member] | Temporary Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans		0		0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 0		$ 0	$ 0
Construction and land [Member] | Payment Deferral [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans		0		0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 0		$ 0	$ 0
Construction and land [Member] | Combination of Concessions [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	[1]	0		0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment	[1]	$ 0		$ 0	$ 0
Residential [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans		0	0	8	3
Financing Receivable, Modifications, Pre-Modification Recorded Investment		$ 0	$ 0	$ 513	$ 287
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 0	$ 0	$ 516	$ 296
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | Loans		0	2	0	4
Financing Receivable, Modifications, Subsequent Default, Recorded Investment		$ 0	$ 518	$ 0	$ 663
Residential [Member] | Extension of Term [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans		0		0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 0		$ 0	$ 0
Residential [Member] | Temporary Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans		0		7	3
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 0		$ 491	$ 296
Residential [Member] | Payment Deferral [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans		0		1	0
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 0		$ 25	$ 0
Residential [Member] | Combination of Concessions [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	[1]	0		0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment	[1]	$ 0		$ 0	$ 0
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
Home equity [Member] | Extension of Term [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans		0		0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 0		$ 0	$ 0
Home equity [Member] | Temporary Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans		0		0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 0		$ 0	$ 0
Home equity [Member] | Payment Deferral [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans		0		0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 0		$ 0	$ 0
Home equity [Member] | Combination of Concessions [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	[1]	0		0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment	[1]	$ 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
Consumer and other [Member] | Extension of Term [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans		0		0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 0		$ 0	$ 0
Consumer and other [Member] | Temporary Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans		0		0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 0		$ 0	$ 0
Consumer and other [Member] | Payment Deferral [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans		0		0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 0		$ 0	$ 0
Consumer and other [Member] | Combination of Concessions [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	[1]	0		0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment	[1]	$ 0		$ 0	$ 0

[1] Combination of concessions includes loans that have had more than one modification, including extension of term, temporary reduction of interest rate, and/or payment deferral.

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Consolidated Balance Sheets Statement - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets:
Cash and cash equivalents	$ 43,640	$ 172,609
Investment securities available for sale (amortized cost of $1,016,215 and $826,858 at September 30, 2015 and December 31, 2014, respectively)	1,023,255	829,993
Investment securities held to maturity (fair value of $123,186 and $142,339 at September 30, 2015 and December 31, 2014, respectively)	121,679	140,727
Stock in Federal Home Loan Banks	35,518	32,281
Loans held for sale	7,685	7,099
Total loans	5,607,472	5,269,936
Less: Allowance for loan losses	79,246	75,838
Net loans	5,528,226	5,194,098
Other real estate owned (“OREO”)	776	929
Premises and equipment, net	30,841	32,199
Goodwill	152,082	152,082
Intangible assets, net	34,806	39,718
Fees receivable	11,308	12,517
Accrued interest receivable	17,039	16,071
Deferred income taxes, net	45,438	47,576
Other assets	128,235	119,975
Total assets	7,180,528	6,797,874
Liabilities:
Deposits	5,647,859	5,453,879
Securities sold under agreements to repurchase	35,698	30,496
Federal funds purchased	60,000	0
Federal Home Loan Bank borrowings	461,899	370,150
Junior subordinated debentures	106,363	106,363
Other liabilities	109,695	112,170
Total liabilities	6,421,514	6,073,058
Redeemable Noncontrolling Interests	18,257	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 September 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: 83,645,364 shares at September 30, 2015 and 82,961,855 shares at December 31, 2014	83,645	82,962
Additional paid-in capital	598,968	610,903
Retained earnings/ (accumulated deficit)	5,960	(37,396)
Accumulated other comprehensive income/ (loss)	1,287	(697)
Total Company's shareholders’ equity	737,613	703,525
Noncontrolling interests	3,144	386
Total shareholders' equity	740,757	703,911
Total liabilities, redeemable noncontrolling interests and shareholders’ equity	$ 7,180,528	$ 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				9 Months Ended
	Sep. 30, 2015		Sep. 30, 2014		Sep. 30, 2015		Sep. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	$ 6,704	[1]	$ 3,825	[2]	$ 6,704	[1]	$ 3,825	[2]
Loans Receivable, Fair Value Adjustment	(1,914)		(1,100)		(1,914)		(1,600)
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	$ 6,704	[1]	$ 3,825	[2]	$ 6,704	[1]	$ 3,825	[2]

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

[2] Collateral-dependent impaired loans held at September 30, 2014 that had write-downs in fair value or whose specific reserve changed during the first nine 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	56,638	0	0	0	56,638	0	0
Other comprehensive income/ (loss), net of tax	2,885	0	0	0	0	2,885	0
Dividends paid to common shareholders:	(19,216)	0	0	(19,216)	0	0	0
Dividends paid to preferred shareholders	(2,606)	0	0	(2,606)	0	0	0
Net Change in Noncontrolling Interests	92	0	0	0	0	0	92
Net proceeds from issuance of [Abstract]
Net proceeds from issuance of common stock	1,256	0	126	1,130	0	0	0
Issuance of shares through incentive stock grants, net of shares forfeited, canceled, or withheld for employee taxes, value	(1,610)	0	289	(1,899)	0	0	0
Amortization of stock compensation and employee stock purchase plan	4,024	0	0	4,024	0	0	0
Stock options exercised	1,634	0	211	1,423	0	0	0
Tax benefit/ (deficiency) from certain stock compensation awards	1,016	0	0	1,016	0	0	0
Other equity adjustments	(2,170)	0	0	(2,170)	0	0	0
Ending Balance at Sep. 30, 2014	675,631	47,753	80,464	598,036	(49,573)	(1,312)	263
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	49,923	0	0	0	49,923	0	0
Other comprehensive income/ (loss), net of tax	1,984	0	0	0	0	1,984	0
Dividends paid to common shareholders:	(22,401)	0	0	(16,703)	(5,698)	0	0
Dividends paid to preferred shareholders	(2,606)	0	0	(1,737)	(869)	0	0
Net Change in Noncontrolling Interests	2,758	0	0	0	0	0	2,758
Net proceeds from issuance of [Abstract]
Net proceeds from issuance of common stock	1,575	0	138	1,437	0	0	0
Issuance of shares through incentive stock grants, net of shares forfeited, canceled, or withheld for employee taxes, value	(1,935)	0	405	(2,340)	0	0	0
Amortization of stock compensation and employee stock purchase plan	7,631	0	0	7,631	0	0	0
Stock options exercised	1,123	0	140	983	0	0	0
Tax benefit/ (deficiency) from certain stock compensation awards	(1,008)	0	0	(1,008)	0	0	0
Other equity adjustments	(198)	0	0	(198)	0	0	0
Ending Balance at Sep. 30, 2015	$ 740,757	$ 47,753	$ 83,645	$ 598,968	$ 5,960	$ 1,287	$ 3,144

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Derivatives and Hedging Activities Accumulated Other Comprehensive Income Related to Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Derivative [Line Items]
Accumulated other comprehensive income on cash flow hedges, balance at beginning of year	$ (1,756)	$ (2,458)	$ (1,923)	$ (1,763)
Net change in unrealized gain/ (loss) on cash flow hedges	(521)	893	(354)	198
Accumulated other comprehensive income on cash flow hedges, balance at end of period	$ (2,277)	$ (1,565)	$ (2,277)	$ (1,565)

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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		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 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	508	767	559	834
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	508	767	559	834

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Income Taxes Income Taxes Discussion (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent			33.80%	32.30%
Income tax expense	$ 8,182	$ 8,993	$ 24,754	$ 26,464
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate			35.00%	35.00%
Other Tax Expense (Benefit)			$ 1,800

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Earnings Per Share (Tables)

9 Months Ended

Sep. 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 September 30,						Nine months ended September 30,
	2015			2014			2015			2014
(In thousands, except share and per share data)
Basic earnings per share - Numerator:
Net income from continuing operations	$	13,208		$	18,160		$	48,453		$	55,416
Less: Net income attributable to noncontrolling interests	994			1,167			3,486			3,428
Net income from continuing operations attributable to the Company	12,214			16,993			44,967			51,988
Decrease/ (increase) in noncontrolling interests’ redemption values (1)	1,028			112			777			(257		)
Dividends on preferred and participating securities	(874		)	(908		)	(2,692		)	(2,795		)
Total adjustments to income attributable to common shareholders	154			(796		)	(1,915		)	(3,052		)
Net income from continuing operations attributable to common shareholders, before allocation to participating securities	12,368			16,197			43,052			48,936
Less: Amount allocated to participating securities	(6		)	(66		)	(73		)	(284		)
Net income from continuing operations attributable to common shareholders, after allocation to participating securities	$	12,362		$	16,131		$	42,979		$	48,652
Net income from discontinued operations, before allocation to participating securities	$	1,316		$	1,272		$	4,956		$	4,650
Less: Amount allocated to participating securities	(2		)	(9		)	(18		)	(44		)
Net income from discontinued operations, after allocation to participating securities	$	1,314		$	1,263		$	4,938		$	4,606
Net income attributable to common shareholders, before allocation to participating securities	$	13,684		$	17,469		$	48,008		$	53,586
Less: Amount allocated to participating securities	(8		)	(75		)	(91		)	(328		)
Net income attributable to common shareholders, after allocation to participating securities	$	13,676		$	17,394		$	47,917		$	53,258
Basic earnings per share - Denominator:
Weighted average basic common shares outstanding	81,103,938			78,687,062			80,801,113			78,425,613
Per share data - Basic earnings per share from:
Continuing operations	$	0.15		$	0.20		$	0.53		$	0.62
Discontinued operations	$	0.02		$	0.02		$	0.06		$	0.06
Total attributable to common shareholders	$	0.17		$	0.22		$	0.59		$	0.68

	Three months ended September 30,				Nine months ended September 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	$	12,362	$	16,131	$	42,979	$	48,652
Add back: income allocated to dilutive securities	—		—		—		—
Net income from continuing operations attributable to common shareholders, after allocation to participating securities, after assumed dilution	12,362		16,131		42,979		48,652
Net income from discontinued operations, after allocation to participating securities	1,314		1,263		4,938		4,606
Net income attributable to common shareholders, after allocation to participating securities, after assumed dilution	$	13,676	$	17,394	$	47,917	$	53,258
Diluted earnings per share - Denominator:
Weighted average basic common shares outstanding	81,103,938		78,687,062		80,801,113		78,425,613
Dilutive effect of:
Stock options and non-participating performance-based and certain time-based restricted stock (2)	1,071,714		756,486		1,002,319		712,889
Warrants to purchase common stock (2)	1,193,543		1,167,410		1,214,489		1,186,126
Dilutive common shares	2,265,257		1,923,896		2,216,808		1,899,015
Weighted average diluted common shares outstanding (2)	83,369,195		80,610,958		83,017,921		80,324,628
Per share data - Diluted earnings per share from:
Continuing operations	$	0.15	$	0.20	$	0.52	$	0.60
Discontinued operations	$	0.01	$	0.02	$	0.06	$	0.06
Total attributable to common shareholders	$	0.16	$	0.22	$	0.58	$	0.66
Dividends per share declared and paid on common stock	$	0.09	$	0.08	$	0.27	$	0.24

_____________________

(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 nine months ended September 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 September 30,		Nine months ended September 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	508	767	559	834
Total shares excluded due to exercise price exceeding the average market price of common shares during the period	508	767	559	834

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Reportable Segments (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014		Sep. 30, 2015	Sep. 30, 2014		Dec. 31, 2014
Segment Reporting Information [Line Items]
Interest Income (Expense), Net		$ 46,473	$ 44,783		$ 137,630	$ 135,573
Noninterest Income		39,446	33,769		123,451	100,876
Revenues		85,919	78,552		261,081	236,449
Provision/ (credit) for loan losses		2,600	(2,600)		100	(8,800)
Noninterest Expense		61,929	53,999		187,774	163,369
Income before income taxes		21,390	27,153		73,207	81,880
Income tax expense		8,182	8,993		24,754	26,464
Net income from continuing operations		13,208	18,160		48,453	55,416
Net income attributable to noncontrolling interests		994	1,167		3,486	3,428
Net income from discontinued operations		1,316	1,272		4,956	4,650
Net income attributable to the Company		13,530	18,265		49,923	56,638
Total assets		7,180,528	6,689,085		7,180,528	6,689,085		$ 6,797,874
Assets under Management, Carrying Amount		27,406,000	24,786,000		27,406,000	24,786,000
Amortization of intangibles		1,655	1,031		4,912	3,129
Depreciation		1,607	1,498		4,963	4,688
Private Banking Segment [Member]
Segment Reporting Information [Line Items]
Interest Income (Expense), Net		47,417	45,720	[1]	140,424	138,361	[1]
Noninterest Income		2,728	2,260	[1]	8,949	8,442	[1]
Revenues		50,145	47,980	[1]	149,373	146,803	[1]
Provision/ (credit) for loan losses		2,600	(2,600)	[1]	100	(8,800)	[1]
Noninterest Expense		27,428	26,817	[1]	84,514	82,711	[1]
Income before income taxes		20,117	23,763	[1]	64,759	72,892	[1]
Income tax expense		6,287	7,670	[1]	20,903	24,485	[1]
Net income from continuing operations		13,830	16,093	[1]	43,856	48,407	[1]
Net income attributable to the Company		13,830	16,093	[1]	43,856	48,407	[1]
Total assets		7,000,818	6,502,182	[1]	7,000,818	6,502,182	[1]
Amortization of intangibles		46	46	[1]	137	173	[1]
Depreciation		1,110	1,292	[1]	3,474	4,022	[1]
Wealth Management and Trust Segment [Member]
Segment Reporting Information [Line Items]
Noninterest Income		12,949	7,251	[1]	41,553	21,255	[1]
Revenues		12,949	7,251	[1]	41,553	21,255	[1]
Noninterest Expense		14,311	5,686	[1]	39,419	16,606	[1]
Income before income taxes		(1,362)	1,565	[1]	2,134	4,649	[1]
Income tax expense		(539)	661	[1]	961	1,951	[1]
Net income from continuing operations		(823)	904	[1]	1,173	2,698	[1]
Net income attributable to the Company		(823)	904	[1]	1,173	2,698	[1]
Total assets		78,315	4,517	[1]	78,315	4,517	[1]
Assets under Management, Carrying Amount		8,060,000	4,701,000	[1]	8,060,000	4,701,000	[1]
Amortization of intangibles		624	0	[1]	1,819	0	[1]
Depreciation		196	20	[1]	577	63	[1]
Investment Managers Segment [Member]
Segment Reporting Information [Line Items]
Interest Income (Expense), Net		5	6		16	17
Noninterest Income		11,365	12,021		34,826	35,237
Revenues		11,370	12,027		34,842	35,254
Noninterest Expense		8,288	8,884		25,518	26,320
Income before income taxes		3,082	3,143		9,324	8,934
Income tax expense		1,007	1,066		3,049	2,990
Net income from continuing operations		2,075	2,077		6,275	5,944
Net income attributable to noncontrolling interests		596	622		1,853	1,797
Net income attributable to the Company		1,479	1,455		4,422	4,147
Total assets		101,316	102,881		101,316	102,881
Assets under Management, Carrying Amount		9,830,000	10,376,000		9,830,000	10,376,000
Amortization of intangibles		739	739		2,217	2,217
Depreciation		71	56		211	178
Wealth Advisors Segment [Member]
Segment Reporting Information [Line Items]
Interest Income (Expense), Net		1	2		5	6
Noninterest Income		12,545	12,209		37,960	35,713
Revenues		12,546	12,211		37,965	35,719
Noninterest Expense		9,304	8,376		27,156	24,283
Income before income taxes		3,242	3,835		10,809	11,436
Income tax expense		1,277	1,455		4,081	4,356
Net income from continuing operations		1,965	2,380		6,728	7,080
Net income attributable to noncontrolling interests		398	544		1,629	1,589
Net income attributable to the Company		1,567	1,836		5,099	5,491
Total assets		78,205	80,319		78,205	80,319
Assets under Management, Carrying Amount		9,537,000	9,731,000		9,537,000	9,731,000
Amortization of intangibles		246	246		739	739
Depreciation		218	98		645	252
Holding Company and Eliminations Segment [Member]
Segment Reporting Information [Line Items]
Interest Income (Expense), Net		(950)	(945)		(2,815)	(2,811)
Noninterest Income		(141)	28		163	229
Revenues		(1,091)	(917)		(2,652)	(2,582)
Noninterest Expense		2,598	4,236		11,167	13,449
Income before income taxes		(3,689)	(5,153)		(13,819)	(16,031)
Income tax expense		150	(1,859)		(4,240)	(7,318)
Net income from continuing operations		(3,839)	(3,294)		(9,579)	(8,713)
Net income attributable to noncontrolling interests		0	1		4	42
Net income from discontinued operations		1,316	1,272		4,956	4,650
Net income attributable to the Company		(2,523)	(2,023)		(4,627)	(4,105)
Total assets	[2]	(78,126)	(814)		(78,126)	(814)
Assets under Management, Carrying Amount		(21,000)	(22,000)		(21,000)	(22,000)
Depreciation		$ 12	$ 32		$ 56	$ 173

[1] Prior to the October 2, 2014 acquisition of Banyan, financial data for the Wealth Management and Trust segment included the trust and wealth management operations of Boston Private Bank only. In prior year presentations, this data was included in the Private Banking segment.

[2] Assets shown in the Holding Company and Eliminations table include the elimination of the Holding Company’s investments in its affiliates for both periods shown and, for September 30, 2015, the elimination of the Bank’s investment in BP Wealth.

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Investments (Tables)

9 Months Ended

Sep. 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 September 30, 2015
Available for sale securities at fair value:
U.S. government and agencies	$	21,284	$	281	$	(48	)	$	21,517
Government-sponsored entities	320,563		3,374		(4		)	323,933
Municipal bonds	255,829		3,872		(253		)	259,448
Mortgage-backed securities (1)	400,707		2,167		(2,549		)	400,325
Other	17,832		245		(45		)	18,032
Total	$	1,016,215	$	9,939	$	(2,899	)	$	1,023,255
Held to maturity securities at amortized cost:
Mortgage-backed securities (1)	$	121,679	$	1,529	$	(22	)	$	123,186
Total	$	121,679	$	1,529	$	(22	)	$	123,186
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 September 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	$	70,137	$	70,499
After one, but within five years	385,746		390,101
After five, but within ten years	90,545		91,795
Greater than ten years	469,787		470,860
Total	$	1,016,215	$	1,023,255

The following table presents the maturities of investment securities held to maturity, based on contractual maturity, as of September 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	121,679		123,186
Total	$	121,679	$	123,186

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 September 30,				Nine months ended September 30,
	2015		2014		2015		2014
	(In thousands)
Proceeds from sales	$	15	$	235	$	5,850	$	5,566
Realized gains	5		8		21		9
Realized losses	—		—		—		—

Schedule of Unrealized Loss on Investments [Table Text Block]

The following table presents information regarding securities as of September 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	$	533	$	(18	)	$	475	$	(30	)	$	1,008	$	(48	)	2
Government-sponsored entities	9,996		(4		)	—		—			9,996		(4		)	1
Municipal bonds	33,629		(216		)	3,680		(37		)	37,309		(253		)	21
Mortgage-backed securities	189,083		(958		)	69,829		(1,591		)	258,912		(2,549		)	49
Other	88		(21		)	43		(24		)	131		(45		)	17
Total	$	233,329	$	(1,217	)	$	74,027	$	(1,682	)	$	307,356	$	(2,899	)	90
Held to maturity securities
Mortgage-backed securities	$	—	$	—		$	6,738	$	(22	)	$	6,738	$	(22	)	1
Total	$	—	$	—		$	6,738	$	(22	)	$	6,738	$	(22	)	1

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Noncontrolling Interests Noncontrolling Interests - Text Details (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Noncontrolling Interest [Abstract]
Net income attributable to noncontrolling interests	$ 994	$ 1,167	$ 3,486	$ 3,428
Redeemable Noncontrolling Interest, Equity, Carrying Amount	18,257		18,257		$ 20,905
Nonredeemable Noncontrolling Interest	$ 3,144		$ 3,144		$ 386

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Consolidated Statements of Stockholders' Equity Parentheticals - $ / shares	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Common Stock, Dividends, Per Share, Cash Paid	$ 0.27	$ 0.24
Shares of common stock issued	138,463	126,219
Stock Issued During Period, Shares, Share-based Compensation, Gross	705,585	493,290
Stock Issued During Period, Shares, Share-based Compensation, Forfeited	(145,992)	(75,598)
Shares of stock withheld for employee taxes	(154,862)	(128,003)

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Consolidated Balance Sheets Parentheticals - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Investment securities available for sale at amortized cost	$ 1,016,215	$ 826,858
Investment securities held to maturity at fair value	$ 123,186	$ 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	83,645,364	82,961,855
Common Stock, Shares, Outstanding	83,645,364	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

9 Months Ended

Sep. 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:

	Nine months ended September 30,
	2015			2014
	(In thousands)
Income from continuing operations:
Income before income taxes	$	73,207		$	81,880
Income tax expense	24,754			26,464
Net income from continuing operations	$	48,453		$	55,416
Effective tax rate, continuing operations	33.8		%	32.3		%
Income from discontinued operations:
Income before income taxes	$	8,790		$	8,625
Income tax expense	3,834			3,975
Net income from discontinued operations	$	4,956		$	4,650
Effective tax rate, discontinued operations	43.6		%	46.1		%
Less: Income attributable to noncontrolling interests:
Income before income taxes	$	3,486		$	3,428
Income tax expense	—			—
Net income attributable to noncontrolling interests	$	3,486		$	3,428
Effective tax rate, noncontrolling interests	—		%	—		%
Income attributable to the Company
Income before income taxes	$	78,511		$	87,077
Income tax expense	28,588			30,439
Net income attributable to the Company	$	49,923		$	56,638
Effective tax rate attributable to the Company	36.4		%	35.0		%

The effective tax rate for continuing operations for the nine months ended September 30, 2015 of 33.8%, with related tax expense of $24.8 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 and an out-of-period adjustment related to non-deductible executive compensation, as described in more detail, below.

The effective tax rate for continuing operations for the nine months ended September 30, 2014 of 32.3%, with related tax expense of $26.5 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.

The effective tax rate for continuing operations for the nine months ended September 30, 2015 is higher than the effective tax rate for the same period in 2014 due primarily to an out-of-period adjustment recorded during the third quarter of 2015. The Company reevaluated its executive compensation plans during the third quarter of 2015 and discovered that certain executive compensation that was previously treated as fully deductible was non-deductible. The correction resulted in $1.8 million of additional tax expense that was related to prior years. After evaluating the quantitative and qualitative aspects of the correction, the Company determined that previously issued quarterly and annual consolidated financial statements were not materially misstated and, as a result, recorded the correction in the third quarter of 2015.

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Document and Entity Information Document - shares	9 Months Ended
	Sep. 30, 2015	Nov. 06, 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	Sep. 30, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		83,652,864

XML

Noncontrolling Interests

9 Months Ended

Sep. 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 $1.0 million and $1.2 million for the three month periods ended September 30, 2015 and 2014, respectively, and $3.5 million and $3.4 million for the nine month periods ended September 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 $18.3 million and $20.9 million at September 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 $3.1 million and $0.4 million in noncontrolling interests included in permanent shareholder’s equity at September 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:

	September 30, 2015		December 31, 2014
	(In thousands)
Anchor	$	12,142	$	11,929
BOS	6,742		6,069
DGHM (1)	2,517		3,293
Total	$	21,401	$	21,291
Redeemable noncontrolling interests	$	18,257	$	20,905
Noncontrolling interests	$	3,144	$	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						Nine months ended
	September 30, 2015						September 30, 2015
	Redeemable noncontrolling interests			Noncontrolling interests			Redeemable noncontrolling interests			Noncontrolling interests
	(In thousands)
Noncontrolling interests at beginning of period	$	19,200		$	2,896		$	20,905		$	386
Net income attributable to noncontrolling interests	784			210			2,848			638
Distributions	(819		)	(93		)	(2,972		)	(345		)
Purchases/ (sales) of ownership interests	—			—			(1,503		)	419
Transfers of ownership interests from mezzanine to permanent equity	—			—			(1,652		)	1,652
Amortization of equity compensation	—			118			—			354
Adjustments to fair value	(908		)	13			631			40
Noncontrolling interests at end of period	$	18,257		$	3,144		$	18,257		$	3,144

	Three months ended						Nine months ended
	September 30, 2014						September 30, 2014
	Redeemable noncontrolling interests			Noncontrolling interests			Redeemable noncontrolling interests			Noncontrolling interests
	(In thousands)
Noncontrolling interests at beginning of period	$	20,895		$	232		$	19,468		$	171
Net income attributable to noncontrolling interests	1,119			48			3,315			113
Distributions	(1,110		)	(49		)	(3,179		)	(226		)
Purchases/ (sales) of ownership interests	—			—			(473		)	126
Amortization of equity compensation	—			24			—			72
Adjustments to fair value	493			8			2,266			7
Noncontrolling interests at end of period	$	21,397		$	263		$	21,397		$	263

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Consolidated Statements of Operations - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest and dividend income:
Loans		$ 48,058	$ 47,931	$ 142,721	$ 144,541
Taxable investment securities		1,094	876	3,164	2,242
Non-taxable investment securities		1,264	942	3,410	2,760
Mortgage-backed securities		2,681	1,605	8,070	5,230
Federal funds sold and other		425	379	941	978
Total interest and dividend income		53,522	51,733	158,306	155,751
Interest expense:
Deposits		4,007	3,603	11,721	10,194
Federal Home Loan Bank borrowings		2,051	2,354	5,999	7,039
Junior subordinated debentures		979	976	2,902	2,896
Repurchase agreements and other short-term borrowings		12	17	54	49
Total interest expense		7,049	6,950	20,676	20,178
Net interest income		46,473	44,783	137,630	135,573
Provision/ (credit) for loan losses		2,600	(2,600)	100	(8,800)
Net interest income after provision/ (credit) for loan losses		43,873	47,383	137,530	144,373
Fees and other income:
Investment management fees		11,360	12,011	34,805	35,226
Wealth advisory fees		12,515	12,278	37,868	35,730
Wealth management and trust fees		12,424	7,251	39,527	21,255
Other banking fee income		2,780	1,835	6,721	5,192
Gain on sale of loans, net		364	183	1,029	1,966
Gain on sale of investments, net		5	8	21	9
Gain/ (loss) on OREO, net		35	150	124	988
Other		(37)	53	3,356	510
Total fees and other income		39,446	33,769	123,451	100,876
Operating expense:
Salaries and employee benefits		37,938	35,855	119,881	106,767
Occupancy and equipment		9,064	7,346	27,194	22,492
Professional services		2,848	2,796	9,083	9,165
Marketing and business development		2,008	1,408	5,062	5,564
Contract services and data processing		1,600	1,404	4,532	4,289
Amortization of intangibles		1,655	1,031	4,912	3,129
FDIC insurance		916	857	2,890	2,607
Restructuring		1,504	0	1,724	0
Other		4,396	3,302	12,496	9,356
Total operating expense		61,929	53,999	187,774	163,369
Income before income taxes		21,390	27,153	73,207	81,880
Income tax expense		8,182	8,993	24,754	26,464
Net income from continuing operations		13,208	18,160	48,453	55,416
Net income from discontinued operations		1,316	1,272	4,956	4,650
Net income before attrubution to noncontrolling interests		14,524	19,432	53,409	60,066
Less: Net income attributable to noncontrolling interests		994	1,167	3,486	3,428
Net income attributable to the Company		13,530	18,265	49,923	56,638
Adjustments to net income attributable to the Company to arrive at net income attributable to common shareholders		(146)	871	2,006	3,380
Net income attributable to common shareholders for earnings per share calculation		$ 13,676	$ 17,394	$ 47,917	$ 53,258
Basic earnings per share attributable to common shareholders:
From continuing operations:		$ 0.15	$ 0.20	$ 0.53	$ 0.62
From discontinued operations:		0.02	0.02	0.06	0.06
Total attributable to common shareholders:		0.17	0.22	0.59	0.68
Diluted earnings per share attributable to common shareholders:
From continuing operations:		0.15	0.20	0.52	0.60
From discontinued operations:		0.01	0.02	0.06	0.06
Total attributable to common shareholders:		$ 0.16	$ 0.22	$ 0.58	$ 0.66
Common Stock [Member]
Basic earnings per share attributable to common shareholders:
Weighted average basic common shares outstanding		81,103,938	78,687,062	80,801,113	78,425,613
Diluted earnings per share attributable to common shareholders:
Weighted average diluted common shares outstanding	[1]	83,369,195	80,610,958	83,017,921	80,324,628

[1] The diluted EPS computations for the three and nine months ended September 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 September 30, Nine months ended September 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 securities508 767 559 834Total shares excluded due to exercise price exceeding the average market price of common shares during the period508 767 559 834

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Investments

9 Months Ended

Sep. 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 September 30, 2015
Available for sale securities at fair value:
U.S. government and agencies	$	21,284	$	281	$	(48	)	$	21,517
Government-sponsored entities	320,563		3,374		(4		)	323,933
Municipal bonds	255,829		3,872		(253		)	259,448
Mortgage-backed securities (1)	400,707		2,167		(2,549		)	400,325
Other	17,832		245		(45		)	18,032
Total	$	1,016,215	$	9,939	$	(2,899	)	$	1,023,255
Held to maturity securities at amortized cost:
Mortgage-backed securities (1)	$	121,679	$	1,529	$	(22	)	$	123,186
Total	$	121,679	$	1,529	$	(22	)	$	123,186
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 September 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	$	70,137	$	70,499
After one, but within five years	385,746		390,101
After five, but within ten years	90,545		91,795
Greater than ten years	469,787		470,860
Total	$	1,016,215	$	1,023,255

The following table presents the maturities of investment securities held to maturity, based on contractual maturity, as of September 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	121,679		123,186
Total	$	121,679	$	123,186

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 September 30,				Nine months ended September 30,
	2015		2014		2015		2014
	(In thousands)
Proceeds from sales	$	15	$	235	$	5,850	$	5,566
Realized gains	5		8		21		9
Realized losses	—		—		—		—

The following table presents information regarding securities as of September 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	$	533	$	(18	)	$	475	$	(30	)	$	1,008	$	(48	)	2
Government-sponsored entities	9,996		(4		)	—		—			9,996		(4		)	1
Municipal bonds	33,629		(216		)	3,680		(37		)	37,309		(253		)	21
Mortgage-backed securities	189,083		(958		)	69,829		(1,591		)	258,912		(2,549		)	49
Other	88		(21		)	43		(24		)	131		(45		)	17
Total	$	233,329	$	(1,217	)	$	74,027	$	(1,682	)	$	307,356	$	(2,899	)	90
Held to maturity securities
Mortgage-backed securities	$	—	$	—		$	6,738	$	(22	)	$	6,738	$	(22	)	1
Total	$	—	$	—		$	6,738	$	(22	)	$	6,738	$	(22	)	1

The government-sponsored entities securities and mortgage-backed securities in the table above as of September 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 A+.  The U.S. government and agencies securities in the table above were not rated by Standard and Poor’s or Moody’s. The other securities consisted of equity securities.

As of September 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 September 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 September 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 $25.3 million and $27.0 million in cost method investments included in other assets as of September 30, 2015 and December 31, 2014, respectively.

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Reportable Segments

9 Months Ended

Sep. 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 nine months ended September 30, 2015 and 2014. Interest expense on junior subordinated debentures is reported at the Holding Company.

	Three months ended September 30,					Nine months ended September 30,
	2015		2014 (1)			2015		2014 (1)
Private Banking	(In thousands)
Net interest income	$	47,417	$	45,720		$	140,424	$	138,361
Fees and other income	2,728		2,260			8,949		8,442
Total revenues	50,145		47,980			149,373		146,803
Provision/ (credit) for loan losses	2,600		(2,600		)	100		(8,800		)
Operating expense	27,428		26,817			84,514		82,711
Income before income taxes	20,117		23,763			64,759		72,892
Income tax expense	6,287		7,670			20,903		24,485
Net income from continuing operations	13,830		16,093			43,856		48,407
Net income attributable to the Company	$	13,830	$	16,093		$	43,856	$	48,407
Assets	$	7,000,818	$	6,502,182		$	7,000,818	$	6,502,182
Amortization of intangibles	$	46	$	46		$	137	$	173
Depreciation	$	1,110	$	1,292		$	3,474	$	4,022

	Three months ended September 30,					Nine months ended September 30,
	2015			2014 (1)		2015		2014 (1)
Wealth Management and Trust	(In thousands)
Fees and other income	$	12,949		$	7,251	$	41,553	$	21,255
Total revenues	12,949			7,251		41,553		21,255
Operating expense	14,311			5,686		39,419		16,606
Income/ (loss) before income taxes	(1,362		)	1,565		2,134		4,649
Income tax expense/ (benefit)	(539		)	661		961		1,951
Net income/ (loss) from continuing operations	(823		)	904		1,173		2,698
Net income/ (loss) attributable to the Company	$	(823	)	$	904	$	1,173	$	2,698
Assets	$	78,315		$	4,517	$	78,315	$	4,517
AUM	$	8,060,000		$	4,701,000	$	8,060,000	$	4,701,000
Amortization of intangibles	$	624		$	—	$	1,819	$	—
Depreciation	$	196		$	20	$	577	$	63

	Three months ended September 30,				Nine months ended September 30,
	2015		2014		2015		2014
Investment Management	(In thousands)
Net interest income	$	5	$	6	$	16	$	17
Fees and other income	11,365		12,021		34,826		35,237
Total revenues	11,370		12,027		34,842		35,254
Operating expense	8,288		8,884		25,518		26,320
Income before income taxes	3,082		3,143		9,324		8,934
Income tax expense	1,007		1,066		3,049		2,990
Net income from continuing operations	2,075		2,077		6,275		5,944
Noncontrolling interests	596		622		1,853		1,797
Net income attributable to the Company	$	1,479	$	1,455	$	4,422	$	4,147
Assets	$	101,316	$	102,881	$	101,316	$	102,881
AUM	$	9,830,000	$	10,376,000	$	9,830,000	$	10,376,000
Amortization of intangibles	$	739	$	739	$	2,217	$	2,217
Depreciation	$	71	$	56	$	211	$	178

	Three months ended September 30,				Nine months ended September 30,
	2015		2014		2015		2014
Wealth Advisory	(In thousands)
Net interest income	$	1	$	2	$	5	$	6
Fees and other income	12,545		12,209		37,960		35,713
Total revenues	12,546		12,211		37,965		35,719
Operating expense	9,304		8,376		27,156		24,283
Income before income taxes	3,242		3,835		10,809		11,436
Income tax expense	1,277		1,455		4,081		4,356
Net income from continuing operations	1,965		2,380		6,728		7,080
Noncontrolling interests	398		544		1,629		1,589
Net income attributable to the Company	$	1,567	$	1,836	$	5,099	$	5,491
Assets	$	78,205	$	80,319	$	78,205	$	80,319
AUM	$	9,537,000	$	9,731,000	$	9,537,000	$	9,731,000
Amortization of intangibles	$	246	$	246	$	739	$	739
Depreciation	$	218	$	98	$	645	$	252

	Three months ended September 30,						Nine months ended September 30,
	2015			2014			2015			2014
Holding Company and Eliminations	(In thousands)
Net interest income	$	(950	)	$	(945	)	$	(2,815	)	$	(2,811	)
Fees and other income	(141		)	28			163			229
Total revenues	(1,091		)	(917		)	(2,652		)	(2,582		)
Operating expense	2,598			4,236			11,167			13,449
Income/ (loss) before income taxes	(3,689		)	(5,153		)	(13,819		)	(16,031		)
Income tax expense/ (benefit)	150			(1,859		)	(4,240		)	(7,318		)
Net income/ (loss) from continuing operations	(3,839		)	(3,294		)	(9,579		)	(8,713		)
Noncontrolling interests	—			1			4			42
Discontinued operations	1,316			1,272			4,956			4,650
Net income/ (loss) attributable to the Company	$	(2,523	)	$	(2,023	)	$	(4,627	)	$	(4,105	)
Assets (2)	$	(78,126	)	$	(814	)	$	(78,126	)	$	(814	)
AUM	$	(21,000	)	$	(22,000	)	$	(21,000	)	$	(22,000	)
Depreciation	$	12		$	32		$	56		$	173

	Three months ended September 30,					Nine months ended September 30,
	2015		2014			2015		2014
Total Company	(In thousands)
Net interest income	$	46,473	$	44,783		$	137,630	$	135,573
Fees and other income	39,446		33,769			123,451		100,876
Total revenues	85,919		78,552			261,081		236,449
Provision/ (credit) for loan losses	2,600		(2,600		)	100		(8,800		)
Operating expense	61,929		53,999			187,774		163,369
Income before income taxes	21,390		27,153			73,207		81,880
Income tax expense	8,182		8,993			24,754		26,464
Net income from continuing operations	13,208		18,160			48,453		55,416
Noncontrolling interests	994		1,167			3,486		3,428
Discontinued operations	1,316		1,272			4,956		4,650
Net income attributable to the Company	$	13,530	$	18,265		$	49,923	$	56,638
Assets	$	7,180,528	$	6,689,085		$	7,180,528	$	6,689,085
AUM	$	27,406,000	$	24,786,000		$	27,406,000	$	24,786,000
Amortization of intangibles	$	1,655	$	1,031		$	4,912	$	3,129
Depreciation	$	1,607	$	1,498		$	4,963	$	4,688

____________

(1)    Prior to the October 2, 2014 acquisition of Banyan, financial data for the Wealth Management and Trust segment included the trust and wealth management operations of Boston Private Bank only. In prior year presentations, this data was included in the Private Banking segment.

(2)    Assets shown in the Holding Company and Eliminations table include the elimination of the Holding Company’s investments in its affiliates for both periods shown and, for September 30, 2015, the elimination of the Bank’s investment in BP Wealth.

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Reportable Segments (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2015 and 2014. Interest expense on junior subordinated debentures is reported at the Holding Company.

	Three months ended September 30,					Nine months ended September 30,
	2015		2014 (1)			2015		2014 (1)
Private Banking	(In thousands)
Net interest income	$	47,417	$	45,720		$	140,424	$	138,361
Fees and other income	2,728		2,260			8,949		8,442
Total revenues	50,145		47,980			149,373		146,803
Provision/ (credit) for loan losses	2,600		(2,600		)	100		(8,800		)
Operating expense	27,428		26,817			84,514		82,711
Income before income taxes	20,117		23,763			64,759		72,892
Income tax expense	6,287		7,670			20,903		24,485
Net income from continuing operations	13,830		16,093			43,856		48,407
Net income attributable to the Company	$	13,830	$	16,093		$	43,856	$	48,407
Assets	$	7,000,818	$	6,502,182		$	7,000,818	$	6,502,182
Amortization of intangibles	$	46	$	46		$	137	$	173
Depreciation	$	1,110	$	1,292		$	3,474	$	4,022

	Three months ended September 30,					Nine months ended September 30,
	2015			2014 (1)		2015		2014 (1)
Wealth Management and Trust	(In thousands)
Fees and other income	$	12,949		$	7,251	$	41,553	$	21,255
Total revenues	12,949			7,251		41,553		21,255
Operating expense	14,311			5,686		39,419		16,606
Income/ (loss) before income taxes	(1,362		)	1,565		2,134		4,649
Income tax expense/ (benefit)	(539		)	661		961		1,951
Net income/ (loss) from continuing operations	(823		)	904		1,173		2,698
Net income/ (loss) attributable to the Company	$	(823	)	$	904	$	1,173	$	2,698
Assets	$	78,315		$	4,517	$	78,315	$	4,517
AUM	$	8,060,000		$	4,701,000	$	8,060,000	$	4,701,000
Amortization of intangibles	$	624		$	—	$	1,819	$	—
Depreciation	$	196		$	20	$	577	$	63

	Three months ended September 30,				Nine months ended September 30,
	2015		2014		2015		2014
Investment Management	(In thousands)
Net interest income	$	5	$	6	$	16	$	17
Fees and other income	11,365		12,021		34,826		35,237
Total revenues	11,370		12,027		34,842		35,254
Operating expense	8,288		8,884		25,518		26,320
Income before income taxes	3,082		3,143		9,324		8,934
Income tax expense	1,007		1,066		3,049		2,990
Net income from continuing operations	2,075		2,077		6,275		5,944
Noncontrolling interests	596		622		1,853		1,797
Net income attributable to the Company	$	1,479	$	1,455	$	4,422	$	4,147
Assets	$	101,316	$	102,881	$	101,316	$	102,881
AUM	$	9,830,000	$	10,376,000	$	9,830,000	$	10,376,000
Amortization of intangibles	$	739	$	739	$	2,217	$	2,217
Depreciation	$	71	$	56	$	211	$	178

	Three months ended September 30,				Nine months ended September 30,
	2015		2014		2015		2014
Wealth Advisory	(In thousands)
Net interest income	$	1	$	2	$	5	$	6
Fees and other income	12,545		12,209		37,960		35,713
Total revenues	12,546		12,211		37,965		35,719
Operating expense	9,304		8,376		27,156		24,283
Income before income taxes	3,242		3,835		10,809		11,436
Income tax expense	1,277		1,455		4,081		4,356
Net income from continuing operations	1,965		2,380		6,728		7,080
Noncontrolling interests	398		544		1,629		1,589
Net income attributable to the Company	$	1,567	$	1,836	$	5,099	$	5,491
Assets	$	78,205	$	80,319	$	78,205	$	80,319
AUM	$	9,537,000	$	9,731,000	$	9,537,000	$	9,731,000
Amortization of intangibles	$	246	$	246	$	739	$	739
Depreciation	$	218	$	98	$	645	$	252

	Three months ended September 30,						Nine months ended September 30,
	2015			2014			2015			2014
Holding Company and Eliminations	(In thousands)
Net interest income	$	(950	)	$	(945	)	$	(2,815	)	$	(2,811	)
Fees and other income	(141		)	28			163			229
Total revenues	(1,091		)	(917		)	(2,652		)	(2,582		)
Operating expense	2,598			4,236			11,167			13,449
Income/ (loss) before income taxes	(3,689		)	(5,153		)	(13,819		)	(16,031		)
Income tax expense/ (benefit)	150			(1,859		)	(4,240		)	(7,318		)
Net income/ (loss) from continuing operations	(3,839		)	(3,294		)	(9,579		)	(8,713		)
Noncontrolling interests	—			1			4			42
Discontinued operations	1,316			1,272			4,956			4,650
Net income/ (loss) attributable to the Company	$	(2,523	)	$	(2,023	)	$	(4,627	)	$	(4,105	)
Assets (2)	$	(78,126	)	$	(814	)	$	(78,126	)	$	(814	)
AUM	$	(21,000	)	$	(22,000	)	$	(21,000	)	$	(22,000	)
Depreciation	$	12		$	32		$	56		$	173

	Three months ended September 30,					Nine months ended September 30,
	2015		2014			2015		2014
Total Company	(In thousands)
Net interest income	$	46,473	$	44,783		$	137,630	$	135,573
Fees and other income	39,446		33,769			123,451		100,876
Total revenues	85,919		78,552			261,081		236,449
Provision/ (credit) for loan losses	2,600		(2,600		)	100		(8,800		)
Operating expense	61,929		53,999			187,774		163,369
Income before income taxes	21,390		27,153			73,207		81,880
Income tax expense	8,182		8,993			24,754		26,464
Net income from continuing operations	13,208		18,160			48,453		55,416
Noncontrolling interests	994		1,167			3,486		3,428
Discontinued operations	1,316		1,272			4,956		4,650
Net income attributable to the Company	$	13,530	$	18,265		$	49,923	$	56,638
Assets	$	7,180,528	$	6,689,085		$	7,180,528	$	6,689,085
AUM	$	27,406,000	$	24,786,000		$	27,406,000	$	24,786,000
Amortization of intangibles	$	1,655	$	1,031		$	4,912	$	3,129
Depreciation	$	1,607	$	1,498		$	4,963	$	4,688

____________

(1)    Prior to the October 2, 2014 acquisition of Banyan, financial data for the Wealth Management and Trust segment included the trust and wealth management operations of Boston Private Bank only. In prior year presentations, this data was included in the Private Banking segment.

(2)    Assets shown in the Holding Company and Eliminations table include the elimination of the Holding Company’s investments in its affiliates for both periods shown and, for September 30, 2015, the elimination of the Bank’s investment in BP Wealth.

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Accumulated Other Comprehensive Income (Notes)

9 Months Ended

Sep. 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 nine months ended September 30, 2015 and 2014:

Description of component of accumulated other comprehensive income/ (loss)	Three months ended September 30,						Nine months ended September 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	$	5		$	7		$	21		$	8		Gain on sale of investments, net
Tax expense/ (benefit)	2			3			9			3			Income tax expense
Net	$	3		$	4		$	12		$	5		Net income attributable to the Company
Net realized gain/ (loss) on cash flow hedges:
Hedge related to junior subordinated debentures:
Pre-tax	$	(477	)	$	(486	)	$	(1,421	)	$	(1,440	)	Interest expense on junior subordinated debentures
Tax expense/ (benefit)	(204		)	(209		)	(608		)	(616		)	Income tax expense
Net	$	(273	)	$	(277	)	$	(813	)	$	(824	)	Net income attributable to the Company
Hedges related to deposits:
Pre-tax	$	(549	)	$	(383	)	$	(1,645	)	$	(777	)	Interest expense on deposits
Tax expense/ (benefit)	(225		)	(157		)	(677		)	(321		)	Income tax expense
Net	$	(324	)	$	(226	)	$	(968	)	$	(456	)	Net income attributable to the Company
Total reclassifications for the period, net of tax	$	(594	)	$	(499	)	$	(1,769	)	$	(1,275	)

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Allowance for Loan Losses

9 Months Ended

Sep. 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 $79.2 million and $75.8 million at September 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 September 30,						As of and for the nine months ended September 30,
	2015			2014			2015			2014
	(In thousands)
Allowance for loan losses, beginning of period:
Commercial and industrial	$	14,621		$	13,141		$	14,114		$	12,837
Commercial real estate	44,133			44,086			43,854			44,979
Construction and land	5,418			4,580			4,041			4,465
Residential	10,394			9,569			10,374			10,732
Home equity	1,024			992			1,003			1,020
Consumer and other	528			257			382			322
Unallocated	2,133			1,922			2,070			2,016
Total allowance for loan losses, beginning of period	78,251			74,547			75,838			76,371
Provision/ (credit) for loan losses:
Commercial and industrial	(432		)	607			(2,209		)	37
Commercial real estate	2,170			647			904			(2,619		)
Construction and land	649			(2,335		)	883			(2,633		)
Residential	399			(1,646		)	419			(3,323		)
Home equity	(45		)	(44		)	(24		)	(87		)
Consumer and other	(4		)	154			201			(98		)
Unallocated	(137		)	17			(74		)	(77		)
Total provision/(credit) for loan losses	2,600			(2,600		)	100			(8,800		)
Loans charged-off:
Commercial and industrial	(250		)	—			(253		)	(334		)
Commercial real estate	(1,400		)	(900		)	(1,400		)	(1,400		)
Construction and land	—			(200		)	—			(200		)
Residential	(264		)	—			(313		)	(88		)
Home equity	—			—			—			—
Consumer and other	(6		)	(15		)	(66		)	(37		)
Total charge-offs	(1,920		)	(1,115		)	(2,032		)	(2,059		)
Recoveries on loans previously charged-off:
Commercial and industrial	79			249			2,366			1,457
Commercial real estate	221			484			1,766			3,357
Construction and land	15			2,168			1,158			2,581
Residential	—			1,550			49			2,152
Home equity	—			—			—			15
Consumer and other	—			—			1			209
Total recoveries	315			4,451			5,340			9,771

	As of and for the three months ended September 30,				As of and for the nine months ended September 30,
	2015		2014		2015		2014
	(In thousands)
Allowance for loan losses at end of period:
Commercial and industrial	14,018		13,997		14,018		13,997
Commercial real estate	45,124		44,317		45,124		44,317
Construction and land	6,082		4,213		6,082		4,213
Residential	10,529		9,473		10,529		9,473
Home equity	979		948		979		948
Consumer and other	518		396		518		396
Unallocated	1,996		1,939		1,996		1,939
Total allowance for loan losses at end of period	$	79,246	$	75,283	$	79,246	$	75,283

The following tables present the Company’s allowance for loan losses and loan portfolio at September 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 September 30, 2015 or December 31, 2014.

	Commercial and industrial		Commercial real estate		Construction and land		Residential
	(In thousands)
Allowance for loan losses balance at September 30, 2015 attributable to:
Loans collectively evaluated	$	14,018	$	43,824	$	5,910	$	9,344
Loans individually evaluated	—		1,300		172		1,185
Total allowance for loan losses	$	14,018	$	45,124	$	6,082	$	10,529
Recorded investment (loan balance) at September 30, 2015:
Loans collectively evaluated	$	1,034,727	$	1,875,642	$	167,063	$	2,195,626
Loans individually evaluated	2,095		28,006		3,348		16,260
Total Loans	$	1,036,822	$	1,903,648	$	170,411	$	2,211,886
	Home equity		Consumer and other		Unallocated		Total
	(In thousands)
Allowance for loan losses balance at September 30, 2015 attributable to:
Loans collectively evaluated	$	979	$	518	$	1,996	$	76,589
Loans individually evaluated	—		—		—		2,657
Total allowance for loan losses	$	979	$	518	$	1,996	$	79,246
Recorded investment (loan balance) at September 30, 2015:
Loans collectively evaluated	$	114,737	$	169,911	$	—	$	5,557,706
Loans individually evaluated	50		7		—		49,766
Total Loans	$	114,787	$	169,918	$	—	$	5,607,472

	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	Sep. 30, 2015	Dec. 31, 2014
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Collateral, Obligation to Return Cash	$ 14.7	$ 8.9
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Collateral, Right to Reclaim Cash	2.4	3.7
Derivative, Collateral, Right to Reclaim Securities	$ 14.4	$ 7.0

XML

Fair Value Measurements

9 Months Ended

Sep. 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 September 30, 2015 and December 31, 2014, aggregated by the level in the fair value hierarchy within which those measurements fall:

	As of September 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	$	21,517	$	20,508	$	1,009	$	—
Government-sponsored entities	323,933		—		323,933		—
Municipal bonds	259,448		—		259,448		—
Mortgage-backed securities	400,325		—		400,325		—
Other	18,032		18,032		—		—
Total available for sale securities	1,023,255		38,540		984,715		—
Derivatives - interest rate customer swaps	10,944		—		10,944		—
Other investments	5,505		5,505		—		—
Liabilities:
Derivatives - interest rate customer swaps	$	11,100	$	—	$	11,100	$	—
Derivatives - interest rate swaps	3,423		—		3,423		—
Derivatives - junior subordinated debenture interest rate swap	458		—		458		—
Derivatives - risk participation agreement	17		—		17		—
Other liabilities	5,498		5,498		—		—

			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 September 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 September 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 September 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 September 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 September 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 September 30, 2015 and December 31, 2014.

There were no Level 3 assets at September 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 September 30, 2015 and 2014, respectively, aggregated by the level in the fair value hierarchy within which those measurements fall:

	As of September 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 September 30, 2015			Nine months ended September 30, 2015
	(In thousands)
Assets:
Impaired loans (1)	$	6,704	$	—	$	—	$	6,704	$	(1,914	)	$	(1,914	)

___________________

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

	As of September 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 September 30, 2014			Nine months ended September 30, 2014
	(In thousands)
Assets:
Impaired loans (1)	$	3,825	$	—	$	—	$	3,825	$	(1,100	)	$	(1,600	)

________________

(1) Collateral-dependent impaired loans held at September 30, 2014 that had write-downs in fair value or whose specific reserve changed during the first nine 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 September 30, 2015
	Fair Value		Valuation technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	6,704	Appraisals of Collateral	Discount for costs to sell	7% - 22%	15%
				Appraisal adjustments	0% - 25%	7%

	As of September 30, 2014
	Fair Value		Valuation technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	3,825	Appraisals of Collateral	Discount for costs to sell	0% - 12%	4%
				Appraisal adjustments	0% - 25%	5%

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 September 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	$	43,640	$	43,640	$	43,640	$	—	$	—
Investment securities held to maturity	121,679		123,186		—		123,186		—
Loans held for sale	7,685		7,843		—		7,843		—
Loans, net	5,528,226		5,569,569		—		—		5,569,569
Other financial assets	117,397		117,397		—		117,397		—
FINANCIAL LIABILITIES:
Deposits	5,647,859		5,650,525		—		5,650,525		—
Securities sold under agreements to repurchase	35,698		35,698		—		35,698		—
Federal Funds purchased	60,000		60,000		—		60,000		—
Federal Home Loan Bank borrowings	461,899		468,687		—		468,687		—
Junior subordinated debentures	106,363		96,363		—		—		96,363
Other financial liabilities	2,022		2,022		—		2,022		—

	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 held for sale	7,099		7,239		—		7,239		—
Loans, net	5,194,098		5,130,843		—		—		5,130,843
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 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.

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.

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.

XML

Loan Portfolio and Credit Quality

9 Months Ended

Sep. 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 ($5.5) million and ($5.4) million as of September 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:

	September 30, 2015		December 31, 2014
	(In thousands)
Commercial and industrial	$	1,036,822	$	953,085
Commercial real estate	1,903,648		1,788,403
Construction and land	170,411		125,349
Residential	2,211,886		2,132,095
Home equity	114,787		114,859
Consumer and other	169,918		156,145
Total Loans	$	5,607,472	$	5,269,936

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

	September 30, 2015		December 31, 2014
	(In thousands)
Commercial and industrial	$	774	$	2,129
Commercial real estate	16,327		18,485
Construction and land	3,348		11,422
Residential	8,957		9,713
Home equity	1,273		1,320
Consumer and other	48		1,113
Total	$	30,727	$	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 $0.1 million of loans 90 days or more past due, but still accruing, as of September 30, 2015 and no loans 90 days or more past due, but still accruing, as of 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:

	September 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	$	2,984	$	708	$	50	$	3,742	$	774	$	—	$	—	$	774	$	1,032,306	$	1,036,822
Commercial real estate	339		—		—		339		10,181		4,870		1,276		16,327		1,886,982		1,903,648
Construction and land	—		—		—		—		188		57		3,103		3,348		167,063		170,411
Residential	—		1,680		—		1,680		2,908		—		6,049		8,957		2,201,249		2,211,886
Home equity	—		93		—		93		219		—		1,054		1,273		113,421		114,787
Consumer and other	1,157		13		—		1,170		23		11		14		48		168,700		169,918
Total	$	4,480	$	2,494	$	50	$	7,024	$	14,293	$	4,938	$	11,496	$	30,727	$	5,569,721	$	5,607,472

	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. Generally, 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:

	September 30, 2015
	By Loan Grade or Nonaccrual Status
	Pass		Special Mention		Accruing Substandard		Nonaccrual Loans		Total
	(In thousands)
Commercial and industrial	$	1,000,130	$	28,792	$	7,126	$	774	$	1,036,822
Commercial real estate	1,820,212		28,886		38,223		16,327		1,903,648
Construction and land	148,512		13,051		5,500		3,348		170,411
Residential	2,196,248		—		6,681		8,957		2,211,886
Home equity	113,514		—		—		1,273		114,787
Consumer and other	167,891		—		1,979		48		169,918
Total	$	5,446,507	$	70,729	$	59,509	$	30,727	$	5,607,472

	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 nine months ended September 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: (2)
Commercial and industrial	$	2,076	$	2,369	n/a		$	1,954	$	1,441	$	14	$	822
Commercial real estate	15,744		23,696		n/a		17,698		19,140		320		1,286
Construction and land	1,148		2,177		n/a		1,187		3,599		—		92
Residential	10,006		11,409		n/a		9,821		9,573		58		209
Home equity	50		50		n/a		50		50		1		2
Consumer and other	7		7		n/a		257		707		60		61
Subtotal	29,031		39,708		n/a		30,967		34,510		453		2,472
With an allowance recorded:
Commercial and industrial (3)	19		19		$	—	441		848		12		66
Commercial real estate	12,262		14,091		1,300		9,818		9,166		82		298
Construction and land	2,200		2,356		172		2,200		2,200		—		—
Residential	6,254		6,254		1,185		6,908		7,110		43		143
Home equity	—		—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—		—
Subtotal	20,735		22,720		2,657		19,367		19,324		137		507
Total:
Commercial and industrial	2,095		2,388		—		2,395		2,289		26		888
Commercial real estate	28,006		37,787		1,300		27,516		28,306		402		1,584
Construction and land	3,348		4,533		172		3,387		5,799		—		92
Residential	16,260		17,663		1,185		16,729		16,683		101		352
Home equity	50		50		—		50		50		1		2
Consumer and other	7		7		—		257		707		60		61
Total	$	49,766	$	62,428	$	2,657	$	50,334	$	53,834	$	590	$	2,979

___________________

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

(2) No specific reserve allocation is required due to the adequacy of collateral, prior charge-offs taken, interest collected and applied to principal, or a combination of these items.

(3) The related allowance for the commercial and industrial loan category is immaterial.

	As of and for the three and nine months ended September 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: (2)
Commercial and industrial	$	2,028	$	3,134	n/a		$	2,032	$	2,066	$	1	$	5
Commercial real estate	21,446		32,167		n/a		23,396		26,393		435		2,268
Construction and land	1,416		2,421		n/a		1,019		880		—		—
Residential	9,727		10,331		n/a		10,125		9,080		133		331
Home equity	50		50		n/a		50		50		1		2
Consumer and other	1,007		1,007		n/a		1,007		407		—		1
Subtotal	35,674		49,110		n/a		37,629		38,876		570		2,607
With an allowance recorded:
Commercial and industrial	1,019		1,104		$	93	1,041		1,151		36		64
Commercial real estate	7,493		7,921		910		7,529		7,916		96		284
Construction and land	2,200		2,356		172		2,540		2,648		—		—
Residential	6,206		6,206		596		6,640		8,151		43		168
Home equity	—		—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—		—
Subtotal	16,918		17,587		1,771		17,750		19,866		175		516
Total:
Commercial and industrial	3,047		4,238		93		3,073		3,217		37		69
Commercial real estate	28,939		40,088		910		30,925		34,309		531		2,552
Construction and land	3,616		4,777		172		3,559		3,528		—		—
Residential	15,933		16,537		596		16,765		17,231		176		499
Home equity	50		50		—		50		50		1		2
Consumer and other	1,007		1,007		—		1,007		407		—		1
Total	$	52,592	$	66,697	$	1,771	$	55,379	$	58,742	$	745	$	3,123

___________________

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

(2) No specific reserve allocation is required due to the adequacy of collateral, prior charge-offs taken, interest collected and applied to principal, or a combination of these items.

	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: (2)
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.

(2) No specific reserve allocation is required due to the adequacy of collateral, prior charge-offs taken, interest collected and applied to principal, or a combination of these items.

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 September 30, 2015 and December 31, 2014, TDRs totaled $35.7 million and $44.8 million, respectively. As of September 30, 2015, $23.3 million of the $35.7 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 and the types of concessions granted:

	As of and for the three months ended September 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	—	$	—	$	—	—	$	—
Commercial real estate	1	732		720		—	—
Construction and land	—	—		—		—	—
Residential	—	—		—		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	1	$	732	$	720	—	$	—

	As of and for the three months ended September 30, 2015
	Extension of term			Temporary rate reduction			Payment deferral			Combination of concessions (1)			Total concessions
	# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment
	(Dollars in thousands)
Commercial and industrial	—	$	—	—	$	—	—	$	—	—	$	—	—	$	—
Commercial real estate	—	—		—	—		—	—		1	720		1	720
Construction and land	—	—		—	—		—	—		—	—		—	—
Residential	—	—		—	—		—	—		—	—		—	—
Home equity	—	—		—	—		—	—		—	—		—	—
Consumer and other	—	—		—	—		—	—		—	—		—	—

______________________

(1) Combination of concessions includes loans that have had more than one modification, including extension of term, temporary reduction of interest rate, and/or payment deferral.

	As of and for the nine months ended September 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	$	1,298	$	1,304	—	$	—
Commercial real estate	2	4,850		4,838		—	—
Construction and land	—	—		—		—	—
Residential	8	513		516		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	11	$	6,661	$	6,658	—	$	—

	As of and for the nine months ended September 30, 2015
	Extension of term			Temporary rate reduction			Payment deferral			Combination of concessions (1)			Total concessions
	# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment
	(Dollars in thousands)
Commercial and industrial	—	$	—	—	$	—	—	$	—	1	$	1,304	1	$	1,304
Commercial real estate	1	4,118		—	—		—	—		1	720		2	4,838
Construction and land	—	—		—	—		—	—		—	—		—	—
Residential	—	—		7	491		1	25		—	—		8	516
Home equity	—	—		—	—		—	—		—	—		—	—
Consumer and other	—	—		—	—		—	—		—	—		—	—

______________________

(1) Combination of concessions includes loans that have had more than one modification, including extension of term, temporary reduction of interest rate, and/or payment deferral.

	As of and for the three months ended September 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	—	—		—		2	518
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	—	$	—	$	—	2	$	518

	As of and for the nine months ended September 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	3	287		296		4	663
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	3	$	287	$	296	4	$	663

	As of and for the nine months ended September 30, 2014
	Extension of term			Temporary rate reduction			Payment deferral			Combination of concessions (1)			Total concessions
	# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment
	(Dollars in thousands)
Commercial and industrial	—	$	—	—	$	—	—	$	—	—	$	—	—	$	—
Commercial real estate	—	—		—	—		—	—		—	—		—	—
Construction and land	—	—		—	—		—	—		—	—		—	—
Residential	—	—		3	296		—	—		—	—		3	296
Home equity	—	—		—	—		—	—		—	—		—	—
Consumer and other	—	—		—	—		—	—		—	—		—	—

______________________

(1) Combination of concessions includes loans that have had more than one modification, including extension of term, temporary reduction of interest rate, and/or payment deferral.

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Derivatives and Hedging Activities

9 Months Ended

Sep. 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 September 30, 2015 and December 31, 2014:

	September 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	$	(3,881	)	Other assets	$	34	Other liabilities	$	(3,352	)
Derivatives not designated as hedging instruments:
Interest rate products	Other assets	10,944		Other liabilities	(11,117		)	Other assets	5,323		Other liabilities	(5,434		)
Total		$	10,944		$	(14,998	)		$	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 nine months ended September 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 September 30,						three months ended September 30,
	2015			2014			2015			2014
(In thousands)
Interest rate products	$	(1,896	)	$	667	Interest expense	$	(1,026	)	$	(869	)
Total	$	(1,896	)	$	667		$	(1,026	)	$	(869	)

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)
	nine months ended September 30,							nine months ended September 30,
	2015			2014				2015			2014
(In thousands)
Interest rate products	$	(3,629	)	$	(1,847	)	Interest expense	$	(3,066	)	$	(2,217	)
Total	$	(3,629	)	$	(1,847	)		$	(3,066	)	$	(2,217	)

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

	Three months ended September 30,						Nine months ended September 30,
	2015			2014			2015			2014
	(In thousands)
Accumulated other comprehensive income/ (loss) on cash flow hedges, balance at beginning of period	$	(1,756	)	$	(2,458	)	$	(1,923	)	$	(1,763	)
Net change in unrealized gain/ (loss) on cash flow hedges	(521		)	893			(354		)	198
Accumulated other comprehensive income/ (loss) on cash flow hedges, balance at end of period	$	(2,277	)	$	(1,565	)	$	(2,277	)	$	(1,565	)

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 September 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 September 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 September 30, 2015 and December 31, 2014.

As of September 30, 2015 and December 31, 2014, the termination amounts related to collateral determinations of derivatives in a liability position was $14.7 million and $8.9 million, respectively. The Company has minimum collateral posting thresholds with its derivative counterparties and has posted cash collateral of $2.4 million and $3.7 million, respectively, and pledged securities of $14.4 million and $7.0 million, respectively, as of September 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 nine months ended September 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 $2.4 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 September 30, 2015 and December 31, 2014, the Bank had 74 and 24 derivatives, respectively, related to this program, comprised of interest rate swaps and caps, with an aggregate notional amount of $474.9 million and $238.7 million, respectively. As of September 30, 2015 the Bank had three derivatives with an aggregate notional amount of $0.2 million in foreign currency exchange contracts outstanding related to this program. There were no foreign currency exchange contracts outstanding related to this program as of December 31, 2014.

In addition, as a participant lender, the Bank has guaranteed performance on a pro-rated portion of a swap executed by another financial institution. As the participant lender, the Bank is providing a partial guarantee, but is not a direct party to the related swap transaction. The Bank has no obligations under the risk participation agreement unless the borrower defaults on their swap transaction with the lead bank and the swap is in a liability position to the borrower. In that instance, the Bank has agreed to pay the lead bank a portion of the swap’s termination value at the time of the default. 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 September 30, 2015. There were no such risk participation transactions as of December 31, 2014.

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 nine months ended September 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 September 30,					Nine months ended September 30,
		2015			2014		2015			2014
		(In thousands)
Interest rate products	Other income/ (expense)	$	(346	)	$	19	$	(45	)	$	(87	)
Other products (1)	Other income/ (expense)	(8		)	—		37			—
Total		$	(354	)	$	19	$	(8	)	$	(87	)

___________________

(1)     Risk Participation Agreement.

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Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Tax Expense Components [Line Items]
Income before income taxes	$ 21,390	$ 27,153	$ 73,207	$ 81,880
Income tax expense	8,182	8,993	24,754	26,464
Net income from continuing operations	13,208	18,160	$ 48,453	$ 55,416
Effective Income Tax Rate, Continuing Operations			33.80%	32.30%
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax			$ 8,790	$ 8,625
Discontinued Operation, Tax Effect of Discontinued Operation			3,834	3,975
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	1,316	1,272	$ 4,956	$ 4,650
Effective Tax Rate Discontinued Operations			43.60%	46.10%
Tax effect Attributable to Noncontrolling Interests			$ 0	$ 0
Net income attributable to noncontrolling interests	994	1,167	$ 3,486	$ 3,428
Effective Tax Rate Noncontrolling Interests			0.00%	0.00%
Income from Continuing and Discontinued Operations Attributable to Parent Before Tax			$ 78,511	$ 87,077
Tax Expense (Benefit) Total			28,588	30,439
Net income attributable to the Company	$ 13,530	$ 18,265	$ 49,923	$ 56,638
Effective Tax Rate Total			36.40%	35.00%

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Noncontrolling Interests Components of Noncontrolling Interests (Details) - USD ($) $ in Thousands		Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Redeemable Noncontrolling Interest [Line Items]
Redeemable and Nonredeemable Noncontrolling Interest		$ 21,401		$ 21,291
Redeemable Noncontrolling Interests		18,257		20,905
Nonredeemable Noncontrolling Interest		3,144		386
Anchor [Member]
Redeemable Noncontrolling Interest [Line Items]
Redeemable and Nonredeemable Noncontrolling Interest		12,142		11,929
BOS [Member]
Redeemable Noncontrolling Interest [Line Items]
Redeemable and Nonredeemable Noncontrolling Interest		6,742
Redeemable Noncontrolling Interests				6,069
DGHM [Member]
Redeemable Noncontrolling Interest [Line Items]
Redeemable Noncontrolling Interests	[1]	2,517		3,293
Redeemable Noncontrolling Interest [Member]
Redeemable Noncontrolling Interest [Line Items]
Redeemable Noncontrolling Interests		18,257	$ 19,200	20,905	$ 21,397	$ 20,895	$ 19,468
Noncontrolling Interest [Member]
Redeemable Noncontrolling Interest [Line Items]
Nonredeemable Noncontrolling Interest		$ 3,144	$ 2,896	$ 386	$ 263	$ 232	$ 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		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 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		$ (354)	$ 19	$ (8)	$ (87)
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		(346)	19	(45)	(87)
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]	$ (8)	$ 0	$ 37	$ 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		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 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		$ 12,362	$ 16,131	$ 42,979	$ 48,652
Dilutive Securities, Effect on Basic Earnings Per Share		0	0	0	0
Net Income (Loss) from Continuing Operations Available to Common Stockholders, Diluted		12,362	16,131	42,979	48,652
Net Income from Discontinued Ops Available to Common Stockholders, Basic		1,314	1,263	4,938	4,606
Net Income (Loss) Available to Common Stockholders, Diluted		$ 13,676	$ 17,394	$ 47,917	$ 53,258
Income (Loss) from Continuing Operations, Per Diluted Share		$ 0.15	$ 0.20	$ 0.52	$ 0.60
Income (Loss) from Discontinued Operations, Net of Tax, Per Diluted Share		0.01	0.02	0.06	0.06
Earnings Per Share, Diluted		0.16	0.22	0.58	0.66
Common Stock, Dividends, Per Share, Cash Paid		$ 0.09	$ 0.08	$ 0.27	$ 0.24
Common Stock [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Weighted Average Basic Common Shares Outstanding		81,103,938	78,687,062	80,801,113	78,425,613
Incremental Common Shares Attributable to Share-based Payment Arrangements	[1]	1,071,714	756,486	1,002,319	712,889
Incremental Common Shares Attributable to Call Options and Warrants	[1]	1,193,543	1,167,410	1,214,489	1,186,126
Weighted Average Number Diluted Shares Outstanding Adjustment		2,265,257	1,923,896	2,216,808	1,899,015
Weighted Average Number of Shares Outstanding, Diluted	[1]	83,369,195	80,610,958	83,017,921	80,324,628

[1] The diluted EPS computations for the three and nine months ended September 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 September 30, Nine months ended September 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 securities508 767 559 834Total shares excluded due to exercise price exceeding the average market price of common shares during the period508 767 559 834

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Loan Portfolio and Credit Quality Loans by Grade or Nonaccrual Status (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 5,607,472	$ 5,269,936
Pass [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,446,507	5,110,154
Special Mention [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	70,729	76,740
Substandard [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	59,509	38,860
Substandard [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	30,727	44,182
Commercial and industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,036,822	953,085
Commercial and industrial [Member] | Pass [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,000,130	928,228
Commercial and industrial [Member] | Special Mention [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	28,792	15,703
Commercial and industrial [Member] | Substandard [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	7,126	7,025
Commercial and industrial [Member] | Substandard [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	774	2,129
Commercial real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,903,648	1,788,403
Commercial real estate [Member] | Pass [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,820,212	1,703,064
Commercial real estate [Member] | Special Mention [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	28,886	47,782
Commercial real estate [Member] | Substandard [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	38,223	19,072
Commercial real estate [Member] | Substandard [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	16,327	18,485
Construction and land [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	170,411	125,349
Construction and land [Member] | Pass [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	148,512	100,672
Construction and land [Member] | Special Mention [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	13,051	13,255
Construction and land [Member] | Substandard [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,500	0
Construction and land [Member] | Substandard [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	3,348	11,422
Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,211,886	2,132,095
Residential [Member] | Pass [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,196,248	2,112,129
Residential [Member] | Special Mention [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Residential [Member] | Substandard [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	6,681	10,253
Residential [Member] | Substandard [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,957	9,713
Home equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	114,787	114,859
Home equity [Member] | Pass [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	113,514	113,017
Home equity [Member] | Special Mention [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Home equity [Member] | Substandard [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	522
Home equity [Member] | Substandard [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,273	1,320
Consumer and other [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	169,918	156,145
Consumer and other [Member] | Pass [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	167,891	153,044
Consumer and other [Member] | Special Mention [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Consumer and other [Member] | Substandard [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,979	1,988
Consumer and other [Member] | Substandard [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 48	$ 1,113

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Recent Accounting Pronouncements

9 Months Ended

Sep. 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, ASU 2015-14, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”) was issued in August 2015 which defers adoption to annual reporting periods beginning after December 15, 2017.

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Loan Portfolio and Credit Quality (Tables)

9 Months Ended

Sep. 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:

	September 30, 2015		December 31, 2014
	(In thousands)
Commercial and industrial	$	1,036,822	$	953,085
Commercial real estate	1,903,648		1,788,403
Construction and land	170,411		125,349
Residential	2,211,886		2,132,095
Home equity	114,787		114,859
Consumer and other	169,918		156,145
Total Loans	$	5,607,472	$	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:

	September 30, 2015		December 31, 2014
	(In thousands)
Commercial and industrial	$	774	$	2,129
Commercial real estate	16,327		18,485
Construction and land	3,348		11,422
Residential	8,957		9,713
Home equity	1,273		1,320
Consumer and other	48		1,113
Total	$	30,727	$	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:

	September 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	$	2,984	$	708	$	50	$	3,742	$	774	$	—	$	—	$	774	$	1,032,306	$	1,036,822
Commercial real estate	339		—		—		339		10,181		4,870		1,276		16,327		1,886,982		1,903,648
Construction and land	—		—		—		—		188		57		3,103		3,348		167,063		170,411
Residential	—		1,680		—		1,680		2,908		—		6,049		8,957		2,201,249		2,211,886
Home equity	—		93		—		93		219		—		1,054		1,273		113,421		114,787
Consumer and other	1,157		13		—		1,170		23		11		14		48		168,700		169,918
Total	$	4,480	$	2,494	$	50	$	7,024	$	14,293	$	4,938	$	11,496	$	30,727	$	5,569,721	$	5,607,472

	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:

	September 30, 2015
	By Loan Grade or Nonaccrual Status
	Pass		Special Mention		Accruing Substandard		Nonaccrual Loans		Total
	(In thousands)
Commercial and industrial	$	1,000,130	$	28,792	$	7,126	$	774	$	1,036,822
Commercial real estate	1,820,212		28,886		38,223		16,327		1,903,648
Construction and land	148,512		13,051		5,500		3,348		170,411
Residential	2,196,248		—		6,681		8,957		2,211,886
Home equity	113,514		—		—		1,273		114,787
Consumer and other	167,891		—		1,979		48		169,918
Total	$	5,446,507	$	70,729	$	59,509	$	30,727	$	5,607,472

	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 nine months ended September 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: (2)
Commercial and industrial	$	2,076	$	2,369	n/a		$	1,954	$	1,441	$	14	$	822
Commercial real estate	15,744		23,696		n/a		17,698		19,140		320		1,286
Construction and land	1,148		2,177		n/a		1,187		3,599		—		92
Residential	10,006		11,409		n/a		9,821		9,573		58		209
Home equity	50		50		n/a		50		50		1		2
Consumer and other	7		7		n/a		257		707		60		61
Subtotal	29,031		39,708		n/a		30,967		34,510		453		2,472
With an allowance recorded:
Commercial and industrial (3)	19		19		$	—	441		848		12		66
Commercial real estate	12,262		14,091		1,300		9,818		9,166		82		298
Construction and land	2,200		2,356		172		2,200		2,200		—		—
Residential	6,254		6,254		1,185		6,908		7,110		43		143
Home equity	—		—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—		—
Subtotal	20,735		22,720		2,657		19,367		19,324		137		507
Total:
Commercial and industrial	2,095		2,388		—		2,395		2,289		26		888
Commercial real estate	28,006		37,787		1,300		27,516		28,306		402		1,584
Construction and land	3,348		4,533		172		3,387		5,799		—		92
Residential	16,260		17,663		1,185		16,729		16,683		101		352
Home equity	50		50		—		50		50		1		2
Consumer and other	7		7		—		257		707		60		61
Total	$	49,766	$	62,428	$	2,657	$	50,334	$	53,834	$	590	$	2,979

___________________

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

(2) No specific reserve allocation is required due to the adequacy of collateral, prior charge-offs taken, interest collected and applied to principal, or a combination of these items.

(3) The related allowance for the commercial and industrial loan category is immaterial.

	As of and for the three and nine months ended September 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: (2)
Commercial and industrial	$	2,028	$	3,134	n/a		$	2,032	$	2,066	$	1	$	5
Commercial real estate	21,446		32,167		n/a		23,396		26,393		435		2,268
Construction and land	1,416		2,421		n/a		1,019		880		—		—
Residential	9,727		10,331		n/a		10,125		9,080		133		331
Home equity	50		50		n/a		50		50		1		2
Consumer and other	1,007		1,007		n/a		1,007		407		—		1
Subtotal	35,674		49,110		n/a		37,629		38,876		570		2,607
With an allowance recorded:
Commercial and industrial	1,019		1,104		$	93	1,041		1,151		36		64
Commercial real estate	7,493		7,921		910		7,529		7,916		96		284
Construction and land	2,200		2,356		172		2,540		2,648		—		—
Residential	6,206		6,206		596		6,640		8,151		43		168
Home equity	—		—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—		—
Subtotal	16,918		17,587		1,771		17,750		19,866		175		516
Total:
Commercial and industrial	3,047		4,238		93		3,073		3,217		37		69
Commercial real estate	28,939		40,088		910		30,925		34,309		531		2,552
Construction and land	3,616		4,777		172		3,559		3,528		—		—
Residential	15,933		16,537		596		16,765		17,231		176		499
Home equity	50		50		—		50		50		1		2
Consumer and other	1,007		1,007		—		1,007		407		—		1
Total	$	52,592	$	66,697	$	1,771	$	55,379	$	58,742	$	745	$	3,123

___________________

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

(2) No specific reserve allocation is required due to the adequacy of collateral, prior charge-offs taken, interest collected and applied to principal, or a combination of these items.

	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: (2)
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.

(2) No specific reserve allocation is required due to the adequacy of collateral, prior charge-offs taken, interest collected and applied to principal, or a combination of these items.

The following tables present the Company’s allowance for loan losses and loan portfolio at September 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 September 30, 2015 or December 31, 2014.

	Commercial and industrial		Commercial real estate		Construction and land		Residential
	(In thousands)
Allowance for loan losses balance at September 30, 2015 attributable to:
Loans collectively evaluated	$	14,018	$	43,824	$	5,910	$	9,344
Loans individually evaluated	—		1,300		172		1,185
Total allowance for loan losses	$	14,018	$	45,124	$	6,082	$	10,529
Recorded investment (loan balance) at September 30, 2015:
Loans collectively evaluated	$	1,034,727	$	1,875,642	$	167,063	$	2,195,626
Loans individually evaluated	2,095		28,006		3,348		16,260
Total Loans	$	1,036,822	$	1,903,648	$	170,411	$	2,211,886
	Home equity		Consumer and other		Unallocated		Total
	(In thousands)
Allowance for loan losses balance at September 30, 2015 attributable to:
Loans collectively evaluated	$	979	$	518	$	1,996	$	76,589
Loans individually evaluated	—		—		—		2,657
Total allowance for loan losses	$	979	$	518	$	1,996	$	79,246
Recorded investment (loan balance) at September 30, 2015:
Loans collectively evaluated	$	114,737	$	169,911	$	—	$	5,557,706
Loans individually evaluated	50		7		—		49,766
Total Loans	$	114,787	$	169,918	$	—	$	5,607,472

	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 and the types of concessions granted:

	As of and for the three months ended September 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	—	$	—	$	—	—	$	—
Commercial real estate	1	732		720		—	—
Construction and land	—	—		—		—	—
Residential	—	—		—		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	1	$	732	$	720	—	$	—

	As of and for the three months ended September 30, 2015
	Extension of term			Temporary rate reduction			Payment deferral			Combination of concessions (1)			Total concessions
	# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment
	(Dollars in thousands)
Commercial and industrial	—	$	—	—	$	—	—	$	—	—	$	—	—	$	—
Commercial real estate	—	—		—	—		—	—		1	720		1	720
Construction and land	—	—		—	—		—	—		—	—		—	—
Residential	—	—		—	—		—	—		—	—		—	—
Home equity	—	—		—	—		—	—		—	—		—	—
Consumer and other	—	—		—	—		—	—		—	—		—	—

______________________

(1) Combination of concessions includes loans that have had more than one modification, including extension of term, temporary reduction of interest rate, and/or payment deferral.

	As of and for the nine months ended September 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	$	1,298	$	1,304	—	$	—
Commercial real estate	2	4,850		4,838		—	—
Construction and land	—	—		—		—	—
Residential	8	513		516		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	11	$	6,661	$	6,658	—	$	—

	As of and for the nine months ended September 30, 2015
	Extension of term			Temporary rate reduction			Payment deferral			Combination of concessions (1)			Total concessions
	# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment
	(Dollars in thousands)
Commercial and industrial	—	$	—	—	$	—	—	$	—	1	$	1,304	1	$	1,304
Commercial real estate	1	4,118		—	—		—	—		1	720		2	4,838
Construction and land	—	—		—	—		—	—		—	—		—	—
Residential	—	—		7	491		1	25		—	—		8	516
Home equity	—	—		—	—		—	—		—	—		—	—
Consumer and other	—	—		—	—		—	—		—	—		—	—

______________________

(1) Combination of concessions includes loans that have had more than one modification, including extension of term, temporary reduction of interest rate, and/or payment deferral.

	As of and for the three months ended September 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	—	—		—		2	518
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	—	$	—	$	—	2	$	518

	As of and for the nine months ended September 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	3	287		296		4	663
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	3	$	287	$	296	4	$	663

	As of and for the nine months ended September 30, 2014
	Extension of term			Temporary rate reduction			Payment deferral			Combination of concessions (1)			Total concessions
	# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment		# of Loans	Post- modifi- cation recorded invest- ment
	(Dollars in thousands)
Commercial and industrial	—	$	—	—	$	—	—	$	—	—	$	—	—	$	—
Commercial real estate	—	—		—	—		—	—		—	—		—	—
Construction and land	—	—		—	—		—	—		—	—		—	—
Residential	—	—		3	296		—	—		—	—		3	296
Home equity	—	—		—	—		—	—		—	—		—	—
Consumer and other	—	—		—	—		—	—		—	—		—	—

______________________

(1) Combination of concessions includes loans that have had more than one modification, including extension of term, temporary reduction of interest rate, and/or payment deferral.

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Loan Portfolio and Credit Quality Nonaccrual Loans by Class of Financing Receivable (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 30,727	$ 44,182
Commercial and industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	774	2,129
Commercial real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	16,327	18,485
Construction and land [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	3,348	11,422
Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	8,957	9,713
Home equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	1,273	1,320
Consumer and other [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 48	$ 1,113

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Investments Realized gains and losses from sales of AFS Investments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Gain (Loss) on Investments [Line Items]
Proceeds from Sale of Available-for-sale Securities	$ 15	$ 235	$ 5,850	$ 5,566
Available-for-sale Securities, Gross Realized Gains	5	8	21	9
Available-for-sale Securities, Gross Realized Losses	$ 0	$ 0	$ 0	$ 0

XML

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net income attributable to the Company	$ 13,530	$ 18,265	$ 49,923	$ 56,638
Other comprehensive income/ (loss), net of tax [Abstract]
Unrealized gain/ (loss) on securities available for sale	4,337	(659)	2,351	2,692
Reclassification adjustment for net realized gain/ (loss) included in net income	3	4	12	5
Net unrealized gain/ (loss) on securities available for sale	4,334	(663)	2,339	2,687
Unrealized gain/ (loss) on cash flow hedges	(1,118)	390	(2,135)	(1,082)
Reclassification adjustment for net realized gain/ (loss) included in net income	(597)	(503)	(1,781)	(1,280)
Net change in unrealized gain/ (loss) on cash flow hedges	(521)	893	(354)	198
Net unrealized gain/ (loss) on other	(1)	0	(1)	0
Other comprehensive income/ (loss), net of tax	3,812	230	1,984	2,885
Total comprehensive income/ (loss), attributable to the Company, net	$ 17,342	$ 18,495	$ 51,907	$ 59,523

XML

Earnings Per Share

9 Months Ended

Sep. 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 nine months ended September 30, 2015 and 2014. The following tables present the computations of basic and diluted EPS:

	Three months ended September 30,						Nine months ended September 30,
	2015			2014			2015			2014
(In thousands, except share and per share data)
Basic earnings per share - Numerator:
Net income from continuing operations	$	13,208		$	18,160		$	48,453		$	55,416
Less: Net income attributable to noncontrolling interests	994			1,167			3,486			3,428
Net income from continuing operations attributable to the Company	12,214			16,993			44,967			51,988
Decrease/ (increase) in noncontrolling interests’ redemption values (1)	1,028			112			777			(257		)
Dividends on preferred and participating securities	(874		)	(908		)	(2,692		)	(2,795		)
Total adjustments to income attributable to common shareholders	154			(796		)	(1,915		)	(3,052		)
Net income from continuing operations attributable to common shareholders, before allocation to participating securities	12,368			16,197			43,052			48,936
Less: Amount allocated to participating securities	(6		)	(66		)	(73		)	(284		)
Net income from continuing operations attributable to common shareholders, after allocation to participating securities	$	12,362		$	16,131		$	42,979		$	48,652
Net income from discontinued operations, before allocation to participating securities	$	1,316		$	1,272		$	4,956		$	4,650
Less: Amount allocated to participating securities	(2		)	(9		)	(18		)	(44		)
Net income from discontinued operations, after allocation to participating securities	$	1,314		$	1,263		$	4,938		$	4,606
Net income attributable to common shareholders, before allocation to participating securities	$	13,684		$	17,469		$	48,008		$	53,586
Less: Amount allocated to participating securities	(8		)	(75		)	(91		)	(328		)
Net income attributable to common shareholders, after allocation to participating securities	$	13,676		$	17,394		$	47,917		$	53,258
Basic earnings per share - Denominator:
Weighted average basic common shares outstanding	81,103,938			78,687,062			80,801,113			78,425,613
Per share data - Basic earnings per share from:
Continuing operations	$	0.15		$	0.20		$	0.53		$	0.62
Discontinued operations	$	0.02		$	0.02		$	0.06		$	0.06
Total attributable to common shareholders	$	0.17		$	0.22		$	0.59		$	0.68

	Three months ended September 30,				Nine months ended September 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	$	12,362	$	16,131	$	42,979	$	48,652
Add back: income allocated to dilutive securities	—		—		—		—
Net income from continuing operations attributable to common shareholders, after allocation to participating securities, after assumed dilution	12,362		16,131		42,979		48,652
Net income from discontinued operations, after allocation to participating securities	1,314		1,263		4,938		4,606
Net income attributable to common shareholders, after allocation to participating securities, after assumed dilution	$	13,676	$	17,394	$	47,917	$	53,258
Diluted earnings per share - Denominator:
Weighted average basic common shares outstanding	81,103,938		78,687,062		80,801,113		78,425,613
Dilutive effect of:
Stock options and non-participating performance-based and certain time-based restricted stock (2)	1,071,714		756,486		1,002,319		712,889
Warrants to purchase common stock (2)	1,193,543		1,167,410		1,214,489		1,186,126
Dilutive common shares	2,265,257		1,923,896		2,216,808		1,899,015
Weighted average diluted common shares outstanding (2)	83,369,195		80,610,958		83,017,921		80,324,628
Per share data - Diluted earnings per share from:
Continuing operations	$	0.15	$	0.20	$	0.52	$	0.60
Discontinued operations	$	0.01	$	0.02	$	0.06	$	0.06
Total attributable to common shareholders	$	0.16	$	0.22	$	0.58	$	0.66
Dividends per share declared and paid on common stock	$	0.09	$	0.08	$	0.27	$	0.24

_____________________

(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 nine months ended September 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 September 30,		Nine months ended September 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	508	767	559	834
Total shares excluded due to exercise price exceeding the average market price of common shares during the period	508	767	559	834

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Derivatives and Hedging Activities Effect of Derivative Instruments on Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ (1,896)	$ 667	$ (3,629)	$ (1,847)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(1,026)	(869)	(3,066)	(2,217)
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	(1,026)	(869)	(3,066)	(2,217)
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	$ (1,896)	$ 667	$ (3,629)	$ (1,847)

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Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Gain (Loss) on Sale of Securities, Net	$ 5	$ 8	$ 21	$ 9
Interest Expense, Junior Subordinated Debentures	(979)	(976)	(2,902)	(2,896)
Interest Expense, Deposits	(4,007)	(3,603)	(11,721)	(10,194)
Income tax expense	8,182	8,993	24,754	26,464
Net Income (Loss) Attributable to Parent	13,530	18,265	49,923	56,638
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(594)	(499)	(1,769)	(1,275)
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	5	7	21	8
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	2	3	9	3
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	3	4	12	5
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	(477)	(486)	(1,421)	(1,440)
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	(204)	(209)	(608)	(616)
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	(273)	(277)	(813)	(824)
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)	(383)	(1,645)	(777)
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	(225)	(157)	(677)	(321)
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	$ (324)	$ (226)	$ (968)	$ (456)

XML

Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 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 September 30,						As of and for the nine months ended September 30,
	2015			2014			2015			2014
	(In thousands)
Allowance for loan losses, beginning of period:
Commercial and industrial	$	14,621		$	13,141		$	14,114		$	12,837
Commercial real estate	44,133			44,086			43,854			44,979
Construction and land	5,418			4,580			4,041			4,465
Residential	10,394			9,569			10,374			10,732
Home equity	1,024			992			1,003			1,020
Consumer and other	528			257			382			322
Unallocated	2,133			1,922			2,070			2,016
Total allowance for loan losses, beginning of period	78,251			74,547			75,838			76,371
Provision/ (credit) for loan losses:
Commercial and industrial	(432		)	607			(2,209		)	37
Commercial real estate	2,170			647			904			(2,619		)
Construction and land	649			(2,335		)	883			(2,633		)
Residential	399			(1,646		)	419			(3,323		)
Home equity	(45		)	(44		)	(24		)	(87		)
Consumer and other	(4		)	154			201			(98		)
Unallocated	(137		)	17			(74		)	(77		)
Total provision/(credit) for loan losses	2,600			(2,600		)	100			(8,800		)
Loans charged-off:
Commercial and industrial	(250		)	—			(253		)	(334		)
Commercial real estate	(1,400		)	(900		)	(1,400		)	(1,400		)
Construction and land	—			(200		)	—			(200		)
Residential	(264		)	—			(313		)	(88		)
Home equity	—			—			—			—
Consumer and other	(6		)	(15		)	(66		)	(37		)
Total charge-offs	(1,920		)	(1,115		)	(2,032		)	(2,059		)
Recoveries on loans previously charged-off:
Commercial and industrial	79			249			2,366			1,457
Commercial real estate	221			484			1,766			3,357
Construction and land	15			2,168			1,158			2,581
Residential	—			1,550			49			2,152
Home equity	—			—			—			15
Consumer and other	—			—			1			209
Total recoveries	315			4,451			5,340			9,771

	As of and for the three months ended September 30,				As of and for the nine months ended September 30,
	2015		2014		2015		2014
	(In thousands)
Allowance for loan losses at end of period:
Commercial and industrial	14,018		13,997		14,018		13,997
Commercial real estate	45,124		44,317		45,124		44,317
Construction and land	6,082		4,213		6,082		4,213
Residential	10,529		9,473		10,529		9,473
Home equity	979		948		979		948
Consumer and other	518		396		518		396
Unallocated	1,996		1,939		1,996		1,939
Total allowance for loan losses at end of period	$	79,246	$	75,283	$	79,246	$	75,283

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 nine months ended September 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: (2)
Commercial and industrial	$	2,076	$	2,369	n/a		$	1,954	$	1,441	$	14	$	822
Commercial real estate	15,744		23,696		n/a		17,698		19,140		320		1,286
Construction and land	1,148		2,177		n/a		1,187		3,599		—		92
Residential	10,006		11,409		n/a		9,821		9,573		58		209
Home equity	50		50		n/a		50		50		1		2
Consumer and other	7		7		n/a		257		707		60		61
Subtotal	29,031		39,708		n/a		30,967		34,510		453		2,472
With an allowance recorded:
Commercial and industrial (3)	19		19		$	—	441		848		12		66
Commercial real estate	12,262		14,091		1,300		9,818		9,166		82		298
Construction and land	2,200		2,356		172		2,200		2,200		—		—
Residential	6,254		6,254		1,185		6,908		7,110		43		143
Home equity	—		—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—		—
Subtotal	20,735		22,720		2,657		19,367		19,324		137		507
Total:
Commercial and industrial	2,095		2,388		—		2,395		2,289		26		888
Commercial real estate	28,006		37,787		1,300		27,516		28,306		402		1,584
Construction and land	3,348		4,533		172		3,387		5,799		—		92
Residential	16,260		17,663		1,185		16,729		16,683		101		352
Home equity	50		50		—		50		50		1		2
Consumer and other	7		7		—		257		707		60		61
Total	$	49,766	$	62,428	$	2,657	$	50,334	$	53,834	$	590	$	2,979

___________________

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

(2) No specific reserve allocation is required due to the adequacy of collateral, prior charge-offs taken, interest collected and applied to principal, or a combination of these items.

(3) The related allowance for the commercial and industrial loan category is immaterial.

	As of and for the three and nine months ended September 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: (2)
Commercial and industrial	$	2,028	$	3,134	n/a		$	2,032	$	2,066	$	1	$	5
Commercial real estate	21,446		32,167		n/a		23,396		26,393		435		2,268
Construction and land	1,416		2,421		n/a		1,019		880		—		—
Residential	9,727		10,331		n/a		10,125		9,080		133		331
Home equity	50		50		n/a		50		50		1		2
Consumer and other	1,007		1,007		n/a		1,007		407		—		1
Subtotal	35,674		49,110		n/a		37,629		38,876		570		2,607
With an allowance recorded:
Commercial and industrial	1,019		1,104		$	93	1,041		1,151		36		64
Commercial real estate	7,493		7,921		910		7,529		7,916		96		284
Construction and land	2,200		2,356		172		2,540		2,648		—		—
Residential	6,206		6,206		596		6,640		8,151		43		168
Home equity	—		—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—		—
Subtotal	16,918		17,587		1,771		17,750		19,866		175		516
Total:
Commercial and industrial	3,047		4,238		93		3,073		3,217		37		69
Commercial real estate	28,939		40,088		910		30,925		34,309		531		2,552
Construction and land	3,616		4,777		172		3,559		3,528		—		—
Residential	15,933		16,537		596		16,765		17,231		176		499
Home equity	50		50		—		50		50		1		2
Consumer and other	1,007		1,007		—		1,007		407		—		1
Total	$	52,592	$	66,697	$	1,771	$	55,379	$	58,742	$	745	$	3,123

___________________

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

(2) No specific reserve allocation is required due to the adequacy of collateral, prior charge-offs taken, interest collected and applied to principal, or a combination of these items.

	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: (2)
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.

(2) No specific reserve allocation is required due to the adequacy of collateral, prior charge-offs taken, interest collected and applied to principal, or a combination of these items.

The following tables present the Company’s allowance for loan losses and loan portfolio at September 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 September 30, 2015 or December 31, 2014.

	Commercial and industrial		Commercial real estate		Construction and land		Residential
	(In thousands)
Allowance for loan losses balance at September 30, 2015 attributable to:
Loans collectively evaluated	$	14,018	$	43,824	$	5,910	$	9,344
Loans individually evaluated	—		1,300		172		1,185
Total allowance for loan losses	$	14,018	$	45,124	$	6,082	$	10,529
Recorded investment (loan balance) at September 30, 2015:
Loans collectively evaluated	$	1,034,727	$	1,875,642	$	167,063	$	2,195,626
Loans individually evaluated	2,095		28,006		3,348		16,260
Total Loans	$	1,036,822	$	1,903,648	$	170,411	$	2,211,886
	Home equity		Consumer and other		Unallocated		Total
	(In thousands)
Allowance for loan losses balance at September 30, 2015 attributable to:
Loans collectively evaluated	$	979	$	518	$	1,996	$	76,589
Loans individually evaluated	—		—		—		2,657
Total allowance for loan losses	$	979	$	518	$	1,996	$	79,246
Recorded investment (loan balance) at September 30, 2015:
Loans collectively evaluated	$	114,737	$	169,911	$	—	$	5,557,706
Loans individually evaluated	50		7		—		49,766
Total Loans	$	114,787	$	169,918	$	—	$	5,607,472

	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		9 Months Ended	12 Months Ended
		Sep. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis		$ 1,016,215	$ 826,858
Available-for-sale Securities, Gross Unrealized Gains		9,939	6,783
Available-for-sale Securities, Gross Unrealized Losses		(2,899)	(3,648)
Available-for-sale securities at fair value		1,023,255	829,993
Held-to-maturity Securities		121,679	140,727
Held-to-maturity Securities, Unrecognized Holding Gain		1,529	1,638
Held-to-maturity Securities, Unrecognized Holding Loss		(22)	(26)
Held-to-maturity Securities, Fair Value		123,186	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		21,284	16,894
Available-for-sale Securities, Gross Unrealized Gains		281	32
Available-for-sale Securities, Gross Unrealized Losses		(48)	(44)
Available-for-sale securities at fair value		21,517	16,882
US Government-sponsored Enterprises Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis		320,563	273,538
Available-for-sale Securities, Gross Unrealized Gains		3,374	983
Available-for-sale Securities, Gross Unrealized Losses		(4)	(268)
Available-for-sale securities at fair value		323,933	274,253
Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis		255,829	232,415
Available-for-sale Securities, Gross Unrealized Gains		3,872	3,268
Available-for-sale Securities, Gross Unrealized Losses		(253)	(435)
Available-for-sale securities at fair value		259,448	235,248
Mortgage Backed Securities, Other [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	[1]	400,707	284,403
Available-for-sale Securities, Gross Unrealized Gains	[1]	2,167	2,191
Available-for-sale Securities, Gross Unrealized Losses	[1]	(2,549)	(2,890)
Available-for-sale securities at fair value	[1]	400,325	283,704
Held-to-maturity Securities	[1]	121,679	140,727
Held-to-maturity Securities, Unrecognized Holding Gain	[1]	1,529	1,638
Held-to-maturity Securities, Unrecognized Holding Loss	[1]	(22)	(26)
Held-to-maturity Securities, Fair Value	[1]	123,186	142,339
Other Aggregated Investments [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis		17,832	19,608
Available-for-sale Securities, Gross Unrealized Gains		245	309
Available-for-sale Securities, Gross Unrealized Losses		(45)	(11)
Available-for-sale securities at fair value		$ 18,032	$ 19,906

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

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Restructuring

9 Months Ended

Sep. 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 and third quarters 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 was $0.2 million in Q2 2015 and $1.5 million in Q3 2015. The Company anticipates no additional restructuring costs in 2015 related to this restructuring plan.

Restructuring expenses incurred since the plans of restructuring were first implemented in 2011 totaled $16.4 million, with the Private Banking segment incurring $9.5 million, the Wealth Management and Trust segment incurring $2.4 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 nine months ended September 30, 2015 and 2014:

	Severance Charges			Other Associated Costs			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
Costs incurred	1,214			290			1,504
Costs paid	(125		)	(290		)	(415		)
Accrued charges at September 30, 2015	$	1,478		$	—		$	1,478
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	—			—			—
Costs incurred	—			—			—
Costs paid	—			—			—
Accrued charges at September 30, 2014	$	—		$	—		$	—