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 March 31, 2016

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 May 2, 2016:

Common Stock, Par Value $1.00 Per Share	82,941,914
(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	40
	Executive Summary	41
	Critical Accounting Policies	42
	Financial Condition	43
	Condensed Consolidated Balance Sheets and Discussion	43
	Loan Portfolio and Credit Quality	45
	Liquidity	50
	Capital Resources	52
	Results of Operations	54
	Recent Accounting Pronouncements	58
Item 3	Quantitative and Qualitative Disclosures about Market Risk	59
Item 4	Controls and Procedures	59
PART II—OTHER INFORMATION
Item 1	Legal Proceedings	60
Item 1A	Risk Factors	60
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	60
Item 3	Defaults upon Senior Securities	60
Item 4	Mine Safety Disclosures	60
Item 5	Other Information	60
Item 6	Exhibits	61
	Signature Page	62
	Certifications

i

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

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (Unaudited)

	March 31, 2016		December 31, 2015
	(In thousands, except share and per share data)
Assets:
Cash and cash equivalents	$	113,946	$	238,694
Investment securities available-for-sale (amortized cost of $1,135,880 and $1,084,105 at March 31, 2016 and December 31, 2015, respectively)	1,151,529		1,084,510
Investment securities held-to-maturity (fair value of $112,861 and $116,384 at March 31, 2016 and December 31, 2015, respectively)	111,337		116,352
Stock in Federal Home Loan Banks	34,202		35,181
Loans held for sale	5,383		8,072
Total loans	5,658,181		5,719,212
Less: Allowance for loan losses	76,427		78,500
Net loans	5,581,754		5,640,712
Other real estate owned (“OREO”)	98		776
Premises and equipment, net	31,575		31,036
Goodwill	152,082		152,082
Intangible assets, net	31,422		33,007
Fees receivable	11,041		11,258
Accrued interest receivable	17,590		17,950
Deferred income taxes, net	43,164		51,699
Other assets	128,540		121,179
Total assets	$	7,413,663	$	7,542,508
Liabilities:
Deposits	$	5,786,860	$	6,040,437
Securities sold under agreements to repurchase	63,182		58,215
Federal funds purchased	40,000		—
Federal Home Loan Bank borrowings	523,952		461,324
Junior subordinated debentures	106,363		106,363
Other liabilities	114,223		111,468
Total liabilities	6,634,580		6,777,807
Redeemable Noncontrolling Interests	16,938		18,088
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 March 31, 2016 and December 31, 2015; liquidation preference: $1,000 per share	47,753		47,753
Common stock, $1.00 par value; authorized: 170,000,000 shares; issued and outstanding: 83,023,755 shares at March 31, 2016 and 83,410,961 shares at December 31, 2015	83,024		83,411
Additional paid-in capital	599,825		600,670
Retained earnings	21,740		12,886
Accumulated other comprehensive income/ (loss)	6,687		(1,500		)
Total Company’s shareholders’ equity	759,029		743,220
Noncontrolling interests	3,116		3,393
Total shareholders’ equity	762,145		746,613
Total liabilities, redeemable noncontrolling interests and shareholders’ equity	$	7,413,663	$	7,542,508

See accompanying notes to consolidated financial statements.

1

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

	Three months ended March 31,
	2016			2015
	(In thousands, except share and per share data)
Interest and dividend income:
Loans	$	50,046		$	48,000
Taxable investment securities	1,594			995
Non-taxable investment securities	1,390			1,021
Mortgage-backed securities	3,065			2,614
Federal funds sold and other	507			234
Total interest and dividend income	56,602			52,864
Interest expense:
Deposits	4,182			3,892
Federal Home Loan Bank borrowings	1,953			1,931
Junior subordinated debentures	578			956
Repurchase agreements and other short-term borrowings	10			13
Total interest expense	6,723			6,792
Net interest income	49,879			46,072
Provision/ (credit) for loan losses	(3,133		)	(2,500		)
Net interest income after provision/ (credit) for loan losses	53,012			48,572
Fees and other income:
Investment management fees	10,658			11,714
Wealth advisory fees	12,712			12,675
Wealth management and trust fees	10,916			13,558
Other banking fee income	3,233			1,910
Gain on sale of loans, net	209			303
Gain on sale of investments, net	1			8
Gain/ (loss) on OREO, net	280			89
Other	13			1,088
Total fees and other income	38,022			41,345
Operating expense:
Salaries and employee benefits	42,560			42,127
Occupancy and equipment	9,587			9,035
Professional services	3,515			3,021
Marketing and business development	2,170			1,348
Contract services and data processing	1,679			1,437
Amortization of intangibles	1,586			1,602
FDIC insurance	1,020			1,011
Restructuring	1,112			—
Other	3,480			3,846
Total operating expense	66,709			63,427
Income before income taxes	24,325			26,490
Income tax expense	7,438			8,572
Net income from continuing operations	16,887			17,918
Net income from discontinued operations	2,065			2,094
Net income before attribution to noncontrolling interests	18,952			20,012
(Continued)

2

	Three months ended March 31,
	2016			2015
	(In thousands, except share and per share data)
Less: Net income attributable to noncontrolling interests	911			1,229
Net income attributable to the Company	$	18,041		$	18,783
Adjustments to net income attributable to the Company to arrive at net income attributable to common shareholders	$	(289	)	$	(963	)
Net income attributable to common shareholders for earnings per share calculation	$	17,752		$	17,820
Basic earnings per share attributable to common shareholders:
From continuing operations:	$	0.19		$	0.19
From discontinued operations:	$	0.03		$	0.03
Total attributable to common shareholders:	$	0.22		$	0.22
Weighted average basic common shares outstanding	81,301,499			80,514,359
Diluted earnings per share attributable to common shareholders:
From continuing operations:	$	0.19		$	0.19
From discontinued operations:	$	0.02		$	0.02
Total attributable to common shareholders:	$	0.21		$	0.21
Weighted average diluted common shares outstanding	83,455,763			82,935,928

See accompanying notes to consolidated financial statements.

3

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)

	Three months ended March 31,
	2016			2015
	(In thousands)
Net income attributable to the Company	$	18,041		$	18,783
Other comprehensive income/ (loss), net of tax:
Unrealized gain/ (loss) on securities available-for-sale	9,088			2,331
Reclassification adjustment for net realized gain/ (loss) included in net income	1			5
Net unrealized gain/ (loss) on securities available-for-sale	9,087			2,326
Unrealized gain/ (loss) on cash flow hedges	(1,146		)	(1,100		)
Reclassification adjustment for net realized gain/ (loss) included in net income	(246		)	(591		)
Net unrealized gain/ (loss) on cash flow hedges	(900		)	(509		)
Net unrealized gain/ (loss) on other	—			—
Other comprehensive income/ (loss), net of tax	8,187			1,817
Total comprehensive income attributable to the Company, net	$	26,228		$	20,600

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, 2014	$	47,753	$	82,962		$	610,903		$	(37,396	)	$	(697	)	$	386		$	703,911
Net income attributable to the Company	—		—			—			18,783			—			—			18,783
Other comprehensive income/ (loss), net	—		—			—			—			1,817			—			1,817
Dividends paid to common shareholders: $0.09 per share	—		—			(7,424		)	—			—			—			(7,424		)
Dividends paid to preferred shareholders	—		—			(869		)	—			—			—			(869		)
Net change in noncontrolling interests	—		—			—			—			—			2,215			2,215
Net proceeds from issuance of:
59,315 shares of common stock	—		59			620			—			—			—			679
87,960 shares of incentive stock grants, net of 78,643 shares canceled or forfeited and 18,194 shares withheld for employee taxes	—		(9		)	(220		)	—			—			—			(229		)
Amortization of stock compensation and employee stock purchase plan	—		—			1,779			—			—			—			1,779
Stock options exercised	—		40			250			—			—			—			290
Tax benefit/ (deficiency) from certain stock compensation awards	—		—			(415		)	—			—			—			(415		)
Other equity adjustments	—		—			(478		)	—			—			—			(478		)
Balance, March 31, 2015	$	47,753	$	83,052		$	604,146		$	(18,613	)	$	1,120		$	2,601		$	720,059
Balance, December 31, 2015	$	47,753	$	83,411		$	600,670		$	12,886		$	(1,500	)	$	3,393		$	746,613
Net income attributable to the Company	—		—			—			18,041			—			—			18,041
Other comprehensive income/ (loss), net	—		—			—			—			8,187			—			8,187
Dividends paid to common shareholders: $0.10 per share	—		—			—			(8,318		)	—			—			(8,318		)
Dividends paid to preferred shareholders	—		—			—			(869		)	—			—			(869		)
Net change in noncontrolling interests	—		—			—			—			—			(277		)	(277		)
Repurchase of 245,000 shares of common stock	—		(245		)	(2,505		)	—			—			—			(2,750		)
Net proceeds from issuance of:
76,596 shares of common stock	—		77			662			—			—			—			739
51,810 shares of incentive stock grants, net of 294,524 shares canceled or forfeited and 14,480 shares withheld for employee taxes	—		(257		)	96			—			—			—			(161		)
Amortization of stock compensation and employee stock purchase plan	—		—			(442		)	—			—			—			(442		)
Stock options exercised	—		38			243			—			—			—			281
Tax benefit/ (deficiency) from certain stock compensation awards	—		—			(658		)	—			—			—			(658		)
Other equity adjustments	—		—			1,759			—			—			—			1,759
Balance, March 31, 2016	$	47,753	$	83,024		$	599,825		$	21,740		$	6,687		$	3,116		$	762,145

See accompanying notes to consolidated financial statements.

5

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

	Three months ended March 31,
	2016			2015
	(In thousands)
Cash flows from operating activities:
Net income attributable to the Company	$	18,041		$	18,783
Adjustments to arrive at net income from continuing operations
Net income attributable to noncontrolling interests	911			1,229
Less: Net income from discontinued operations	(2,065		)	(2,094		)
Net income from continuing operations	16,887			17,918
Adjustments to reconcile net income from continuing operations to net cash provided by/ (used in) operating activities:
Depreciation and amortization	5,196			5,587
Net income attributable to noncontrolling interests	(911		)	(1,229		)
Equity issued as compensation, net of cancellations	(442		)	1,779
Provision/ (credit) for loan losses	(3,133		)	(2,500		)
Loans originated for sale	(18,411		)	(38,131		)
Proceeds from sale of loans held for sale	21,309			34,963
Deferred income tax expense/ (benefit)	2,348			314
Net decrease/ (increase) in other operating activities	(4,163		)	(11,047		)
Net cash provided by/ (used in) operating activities of continuing operations	18,680			7,654
Net cash provided by/ (used in) operating activities of discontinued operations	2,065			2,094
Net cash provided by/ (used in) operating activities	20,745			9,748
Cash flows from investing activities:
Available-for-sale investment securities:
Purchases	(100,759		)	(180,244		)
Sales	15,292			5,015
Maturities, calls, redemptions, and principal payments	32,051			35,572
Held-to-maturity investment securities:
Purchases	—			—
Principal payments	4,851			5,543
(Investments)/ distributions in trusts, net	(240		)	(322		)
(Purchase)/ redemption of Federal Home Loan Banks stock	979			(480		)
Net (increase)/ decrease in portfolio loans	57,880			(25,485		)
Proceeds from recoveries of loans previously charged-off	4,076			3,979
Proceeds from sale of OREO	958			—
Capital expenditures, net of sale proceeds	(2,284		)	(504		)
Net cash provided by/ (used in) investing activities of continuing operations	12,804			(156,926		)
Net cash provided by/ (used in) investing activities	12,804			(156,926		)
(Continued)

6

	Three months ended March 31,
	2016			2015
	(In thousands)
Cash flows from financing activities:
Net increase/ (decrease) in deposits	(253,577		)	(80,472		)
Net increase/ (decrease) in securities sold under agreements to repurchase	4,967			21,741
Net increase/ (decrease) in federal funds purchased	40,000			50,000
Net increase/ (decrease) in short-term Federal Home Loan Bank borrowings	70,000			70,000
Advances of long-term Federal Home Loan Bank borrowings	25,800			10,000
Repayments of long-term Federal Home Loan Bank borrowings	(33,172		)	(128		)
Dividends paid to common shareholders	(8,318		)	(7,424		)
Dividends paid to preferred shareholders	(869		)	(869		)
Repurchase of common stock	(2,750		)	—
Tax benefit/ (deficiency) from certain stock compensation awards	(658		)	(415		)
Proceeds from stock option exercises	281			290
Proceeds from issuance of common stock, net	578			450
Distributions paid to noncontrolling interests	(846		)	(1,060		)
Other equity adjustments	267			574
Net cash provided by/ (used in) financing activities of continuing operations	(158,297		)	62,687
Net cash provided by/ (used in) financing activities	(158,297		)	62,687
Net increase/ (decrease) in cash and cash equivalents	(124,748		)	(84,491		)
Cash and cash equivalents at beginning of year	238,694			172,609
Cash and cash equivalents at end of period	$	113,946		$	88,118
Supplementary schedule of non-cash investing and financing activities:
Cash paid for interest	$	6,717		$	6,574
Cash paid for income taxes, net of (refunds received)	3,785			1,890
Change in unrealized gain/ (loss) on available-for-sale securities, net of tax	9,087			2,326
Change in unrealized gain/ (loss) on cash flow hedges, net of tax	(900		)	(509		)
Change in unrealized gain/ (loss) on other, net of tax	—			—
Non-cash transactions:
Loans charged-off	(3,016		)	(54		)

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 Area, and Southern California.

The Wealth Management and Trust segment is comprised of the operations of Boston Private Wealth LLC (“Boston Private Wealth”), a wholly-owned subsidiary of Boston Private Bank, and the trust operations of Boston Private Bank. 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; Madison, Wisconsin; and the Washington, D.C. area.

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, 2015, 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, 2015, as filed with the SEC. For interim reporting purposes, the Company follows the same significant accounting policies.

2.    Earnings Per Share

The treasury stock method of calculating earnings per share (“EPS”) is presented below for the three months ended March 31, 2016 and 2015. 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 March 31,
	2016			2015
(In thousands, except share and per share data)
Basic earnings per share - Numerator:
Net income from continuing operations	$	16,887		$	17,918
Less: Net income attributable to noncontrolling interests	911			1,229
Net income from continuing operations attributable to the Company	15,976			16,689
Decrease/ (increase) in noncontrolling interests’ redemption values (1)	580			(94		)
Dividends on preferred stock	(869		)	(869		)
Total adjustments to income attributable to common shareholders (2)	(289		)	(963		)
Net income from continuing operations attributable to common shareholders, treasury stock method (2)	15,687			15,726
Net income from discontinued operations (2)	2,065			2,094
Net income attributable to common shareholders, treasury stock method (2)	$	17,752		$	17,820
Basic earnings per share - Denominator:
Weighted average basic common shares outstanding	81,301,499			80,514,359
Per share data - Basic earnings per share from:
Continuing operations	$	0.19		$	0.19
Discontinued operations	$	0.03		$	0.03
Total attributable to common shareholders	$	0.22		$	0.22

	Three months ended March 31,
	2016		2015
(In thousands, except share and per share data)
Diluted earnings per share - Numerator:
Net income from continuing operations attributable to common shareholders, after assumed dilution (2)	$	15,687	$	15,726
Net income from discontinued operations	2,065		2,094
Net income attributable to common shareholders, after assumed dilution	$	17,752	$	17,820
Diluted earnings per share - Denominator:
Weighted average basic common shares outstanding	81,301,499		80,514,359
Dilutive effect of:
Stock options and performance-based and time-based restricted stock (2), (3)	1,224,325		1,269,211
Warrants to purchase common stock (3)	929,939		1,152,358
Dilutive common shares	2,154,264		2,421,569
Weighted average diluted common shares outstanding (2), (3)	83,455,763		82,935,928
Per share data - Diluted earnings per share from:
Continuing operations	$	0.19	$	0.19
Discontinued operations	$	0.02	$	0.02
Total attributable to common shareholders	$	0.21	$	0.21
Dividends per share declared and paid on common stock	$	0.10	$	0.09

_____________________

(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, 2015 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

9

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

cumulative change in redemption value remains a cumulative increase since adoption of this standard in the first quarter of 2009.

(2) The Company presents its EPS based on the treasury stock method. The Company reverted to the treasury stock presentation from the two-class presentation due to the immaterial number of participating shares outstanding as of March 31, 2016. If the EPS presentation had been based on the two-class method, the following adjustments would have been made to the presentation of EPS for the three months ended March 31, 2016. Net income attributable to common shareholders would have been reduced by an additional $4 thousand, and the allocation of net income to participating securities would have been $6 thousand, reducing net income attributable to common shareholders by a total of $10 thousand. Basic EPS would not change. Weighted average diluted shared outstanding would have been reduced by 37,298 shares. Diluted EPS would not change.

If the EPS presentation had been based on the two-class method, the following adjustments would have been made to the presentation of EPS for the three months ended March 31, 2015. Net income attributable to common shareholders would have been reduced by an additional $43 thousand, and the allocation of net income to participating securities would have been $60 thousand, reducing net income attributable to common shareholders by a total of $103 thousand. Basic EPS would not change. Weighted average diluted shared outstanding would have been reduced by 341,603 shares. Diluted EPS would not change.

(3) The diluted EPS computations for the three months ended March 31, 2016 and 2015 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 March 31,
(In thousands)	2016	2015
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	387	660
Total shares excluded due to exercise price exceeding the average market price of common shares during the period	387	660

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, 2015.

Revenues, expenses, and assets are recorded by each segment, and separate financial statements are reviewed by their management and the Company’s segment chief executive officers.

Reconciliation of Reportable Segment Items

The following tables present a reconciliation of the revenues, profits, assets, and other significant items of reportable segments as of and for the three months ended March 31, 2016 and 2015. Interest expense on junior subordinated debentures is reported at the Holding Company.

10

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	Three months ended March 31,
	2016			2015
Private Banking	(In thousands)
Net interest income	$	50,420		$	46,990
Fees and other income	3,378			2,784
Total revenues	53,798			49,774
Provision/ (credit) for loan losses	(3,133		)	(2,500		)
Operating expense	31,275			28,805
Income before income taxes	25,656			23,469
Income tax expense	8,374			7,768
Net income from continuing operations	17,282			15,701
Net income attributable to the Company	$	17,282		$	15,701
Assets	$	7,250,371		$	6,688,472
Amortization of intangibles	$	—		$	46
Depreciation	$	1,146		$	1,205

	Three months ended March 31,
	2016			2015
Wealth Management and Trust	(In thousands)
Fees and other income	$	11,056		$	13,957
Operating expense (1)	15,852			12,331
Income/ (loss) before income taxes	(4,796		)	1,626
Income tax expense/ (benefit)	(1,939		)	694
Net income/ (loss) from continuing operations	(2,857		)	932
Net income/ (loss) attributable to the Company	$	(2,857	)	$	932
Assets	$	84,253		$	79,139
AUM	$	7,137,000		$	9,305,000
Amortization of intangibles	$	745		$	571
Depreciation	$	231		$	187

	Three months ended March 31,
	2016		2015
Investment Management	(In thousands)
Net interest income	$	4	$	6
Fees and other income	10,659		11,722
Total revenues	10,663		11,728
Operating expense	8,024		8,686
Income before income taxes	2,639		3,042
Income tax expense	879		1,002
Net income from continuing operations	1,760		2,040
Noncontrolling interests	477		637
Net income attributable to the Company	$	1,283	$	1,403
Assets	$	93,396	$	101,036
AUM	$	9,838,000	$	10,730,000
Amortization of intangibles	$	650	$	739
Depreciation	$	73	$	70

11

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	Three months ended March 31,
	2016		2015
Wealth Advisory	(In thousands)
Net interest income	$	3	$	2
Fees and other income	12,742		12,707
Total revenues	12,745		12,709
Operating expense	9,694		9,132
Income before income taxes	3,051		3,577
Income tax expense	1,148		1,321
Net income from continuing operations	1,903		2,256
Noncontrolling interests	434		588
Net income attributable to the Company	$	1,469	$	1,668
Assets	$	74,901	$	76,042
AUM	$	9,857,000	$	10,012,000
Amortization of intangibles	$	191	$	246
Depreciation	$	215	$	211

	Three months ended March 31,
	2016			2015
Holding Company and Eliminations	(In thousands)
Net interest income	$	(548	)	$	(926	)
Fees and other income	187			175
Total revenues	(361		)	(751		)
Operating expense	1,864			4,473
Income/ (loss) before income taxes	(2,225		)	(5,224		)
Income tax expense/ (benefit)	(1,024		)	(2,213		)
Net income/ (loss) from continuing operations	(1,201		)	(3,011		)
Noncontrolling interests	—			4
Discontinued operations (2)	2,065			2,094
Net income/ (loss) attributable to the Company	$	864		$	(921	)
Assets	$	(89,258	)	$	(74,917	)
AUM	$	(21,000	)	$	(22,000	)
Depreciation	$	11		$	31

12

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	Three months ended March 31,
	2016			2015
Total Company	(In thousands)
Net interest income	$	49,879		$	46,072
Fees and other income	38,022			41,345
Total revenues	87,901			87,417
Provision/ (credit) for loan losses	(3,133		)	(2,500		)
Operating expense	66,709			63,427
Income before income taxes	24,325			26,490
Income tax expense	7,438			8,572
Net income from continuing operations	16,887			17,918
Noncontrolling interests	911			1,229
Discontinued operations	2,065			2,094
Net income attributable to the Company	$	18,041		$	18,783
Assets	$	7,413,663		$	6,869,772
AUM	$	26,811,000		$	30,025,000
Amortization of intangibles	$	1,586		$	1,602
Depreciation	$	1,676		$	1,704

____________

(1) Operating expense for 2016 includes $1.1 million in restructuring expenses related to the Wealth Management and Trust segment. Operating expense for 2015 includes no restructuring expenses.

(2) Net income from discontinued operations for the three month periods ended March 31, 2016 and 2015 of $2.1 million in both periods is included in Holding Company and Eliminations in the calculation of net income attributable to the Company.

13

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 March 31, 2016
Available-for-sale securities at fair value:
U.S. government and agencies	$	30,911	$	481	$	(4	)	$	31,388
Government-sponsored entities	344,945		5,585		—			350,530
Municipal bonds	264,375		7,334		(95		)	271,614
Mortgage-backed securities (1)	477,488		3,657		(1,595		)	479,550
Other	18,161		291		(5		)	18,447
Total	$	1,135,880	$	17,348	$	(1,699	)	$	1,151,529
Held-to-maturity securities at amortized cost:
Mortgage-backed securities (1)	$	111,337	$	1,524	$	—		$	112,861
Total	$	111,337	$	1,524	$	—		$	112,861
As of December 31, 2015
Available-for-sale securities at fair value:
U.S. government and agencies	$	21,214	$	64	$	(27	)	$	21,251
Government-sponsored entities	345,033		874		(1,345		)	344,562
Municipal bonds	263,661		5,099		(116		)	268,644
Mortgage-backed securities (1)	431,446		1,329		(5,734		)	427,041
Other	22,751		268		(7		)	23,012
Total	$	1,084,105	$	7,634	$	(7,229	)	$	1,084,510
Held-to-maturity securities at amortized cost:
Mortgage-backed securities (1)	$	116,352	$	294	$	(262	)	$	116,384
Total	$	116,352	$	294	$	(262	)	$	116,384

___________________

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

The following table presents the maturities of available-for-sale investment securities, based on contractual maturity, as of March 31, 2016. Certain securities are callable before their final maturity. Additionally, certain securities (such as mortgage-backed securities) are shown within the table below based on their final (contractual) maturity, but due to prepayments and amortization are expected to have shorter lives.

	Available-for-sale Securities
	Amortized cost		Fair value
	(In thousands)
Within one year	$	78,573	$	78,999
After one, but within five years	339,665		345,000
After five, but within ten years	199,337		203,373
Greater than ten years	518,305		524,157
Total	$	1,135,880	$	1,151,529

14

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

The following table presents the maturities of held-to-maturity investment securities, based on contractual maturity, as of March 31, 2016.

	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	111,337		112,861
Total	$	111,337	$	112,861

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

	Three months ended March 31,
	2016			2015
	(In thousands)
Proceeds from sales	$	15,292		$	5,015
Realized gains	2			8
Realized losses	(1		)	—

The following table presents information regarding securities as of March 31, 2016 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	$	—	$	—		$	729	$	(4	)	$	729	$	(4	)	2
Government-sponsored entities	—		—			—		—			—		—			—
Municipal bonds	10,635		(29		)	2,772		(66		)	13,407		(95		)	10
Mortgage-backed securities (1)	26,422		(150		)	101,846		(1,445		)	128,268		(1,595		)	38
Other	70		(3		)	12		(2		)	82		(5		)	9
Total	$	37,127	$	(182	)	$	105,359	$	(1,517	)	$	142,486	$	(1,699	)	59
Held-to-maturity securities
Mortgage-backed securities (1)	$	—	$	—		$	—	$	—		$	—	$	—		—
Total	$	—	$	—		$	—	$	—		$	—	$	—		—

___________________

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

The U.S. government and agencies securities, and mortgage-backed securities in the table above had current Standard and Poor’s credit ratings of AA+. The municipal bonds in the table above had current Standard and Poor’s credit ratings of at least AA. The other securities consisted of equity securities. At March 31, 2016, the Company does not consider these investments other-than-temporarily impaired because the decline in fair value on investments is primarily attributed to changes in interest rates and not credit quality.

At March 31, 2016 and 2015, the amount of investment securities in an unrealized loss position greater than 12 months, as well as in total, was primarily due to changes in interest rates. The Company has no intent to sell any securities in an unrealized loss position at March 31, 2016 and it is not more likely than not that the Company would be forced to sell any of

15

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

these securities prior to the full recovery of all unrealized loss amounts. Subsequent to March 31, 2016 and through the date of the filing of this Annual Report on Form 10-Q, no securities were downgraded to below investment grade, nor were any securities in an unrealized loss position sold.

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 March 31, 2016 or December 31, 2015. 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 $26.5 million and $27.7 million in cost method investments included in other assets as of March 31, 2016 and December 31, 2015, 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 March 31, 2016 and December 31, 2015, aggregated by the level in the fair value hierarchy within which those measurements fall:

	As of March 31, 2016		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	$	31,388	$	30,659	$	729	$	—
Government-sponsored entities	350,530		—		350,530		—
Municipal bonds	271,614		—		271,614		—
Mortgage-backed securities	479,550		—		479,550		—
Other	18,447		18,447		—		—
Total available-for-sale securities	1,151,529		49,106		1,102,423		—
Derivatives - interest rate customer swaps	16,952		—		16,952		—
Derivatives - risk participation agreement	16		—		16		—
Other investments	5,842		5,842		—		—
Liabilities:
Derivatives - interest rate customer swaps	$	17,682	$	—	$	17,682	$	—
Derivatives - interest rate swaps	3,437		—		3,437		—
Derivatives - risk participation agreement	20		—		20		—
Other liabilities	5,842		5,842		—		—

16

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, 2015		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	$	21,251	$	20,251	$	1,000	$	—
Government-sponsored entities	344,562		—		344,562		—
Municipal bonds	268,644		—		268,644		—
Mortgage-backed securities	427,041		—		427,041		—
Other	23,012		23,012		—		—
Total available-for-sale securities	1,084,510		43,263		1,041,247		—
Derivatives - interest rate customer swaps	7,960		—		7,960		—
Other investments	5,602		5,602		—		—
Liabilities:
Derivatives - interest rate customer swaps	$	8,084	$	—	$	8,084	$	—
Derivatives - interest rate swaps	1,907		—		1,907		—
Derivatives - risk participation agreement	11		—		11		—
Other liabilities	5,602		5,602		—		—

As of March 31, 2016 and December 31, 2015, 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. Four U.S. Treasury securities at March 31, 2016 and three U.S. Treasury securities at December 31, 2015, 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 March 31, 2016 or December 31, 2015 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 junior subordinated debenture interest rate swap agreement matured on December 30, 2015. 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 March 31, 2016 and December 31, 2015. 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 March 31, 2016 and December 31, 2015.

17

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

Other investments, which are not considered available-for-sale investments, consist of deferred compensation trusts, 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 March 31, 2016 and December 31, 2015. The remaining other investments categorized as Level 2 consist of the Company’s cost-method investments as of March 31, 2016 and December 31, 2015.

There were no Level 3 assets at March 31, 2016 or December 31, 2015.

The following tables present the Company’s assets and liabilities measured at fair value on a non-recurring basis during the periods ended March 31, 2016 and 2015, respectively, aggregated by the level in the fair value hierarchy within which those measurements fall:

	As of March 31, 2016		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 March 31, 2016
	(In thousands)
Assets:
Impaired loans (1)	$	2,428	$	—	$	—	$	2,428	$	(1,564	)

___________________

(1) Collateral-dependent impaired loans held at March 31, 2016 that had write-downs in fair value or whose specific reserve changed during the first three months of 2016.

	As of March 31, 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 March 31, 2015
	(In thousands)
Assets:
Impaired loans (1)	$	757	$	—	$	—	$	757	$	—

________________

(1) Collateral-dependent impaired loans held at March 31, 2015 that had write-downs in fair value or whose specific reserve changed during the first three months of 2015.

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 March 31, 2016
	Fair Value		Valuation technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	2,428	Appraisals of Collateral	Discount for costs to sell	0% - 7%	5%
				Appraisal adjustments	10% - 33%	16%

18

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	As of March 31, 2015
	Fair Value		Valuation technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	757	Appraisals of Collateral	Discount for costs to sell	11%	11%
				Appraisal adjustments	0%	—%

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 March 31, 2016
	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	$	113,946	$	113,946	$	113,946	$	—	$	—
Held-to-maturity investment securities	111,337		112,861		—		112,861		—
Loans held for sale	5,383		5,490		—		5,490		—
Loans, net	5,581,754		5,643,839		—		—		5,643,839
Other financial assets	116,982		116,982		—		116,982		—
FINANCIAL LIABILITIES:
Deposits	5,786,860		5,788,934		—		5,788,934		—
Securities sold under agreements to repurchase	63,182		63,182		—		63,182		—
Federal Funds purchased	40,000		40,000		—		40,000		—
Federal Home Loan Bank borrowings	523,952		529,789		—		529,789		—
Junior subordinated debentures	106,363		96,363		—		—		96,363
Other financial liabilities	2,013		2,013		—		2,013		—

19

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	As of December 31, 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	$	238,694	$	238,694	$	238,694	$	—	$	—
Held-to-maturity investment securities	116,352		116,384		—		116,384		—
Loans held for sale	8,072		8,144		—		8,144		—
Loans, net	5,640,712		5,658,254		—		—		5,658,254
Other financial assets	118,233		118,233		—		118,233		—
FINANCIAL LIABILITIES:
Deposits	6,040,437		6,041,239		—		6,041,239		—
Securities sold under agreements to repurchase	58,215		58,215		—		58,215		—
Federal Home Loan Bank borrowings	461,324		465,100		—		465,100		—
Junior subordinated debentures	106,363		96,363		—		—		96,363
Other financial liabilities	1,978		1,978		—		1,978		—

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.

Held-to-maturity investment securities

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 is 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.

20

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

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 and deferred compensation 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.

21

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 Area, 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 Area, and Southern California economies and real estate markets.

Total loans include deferred loan origination (fees)/ costs, net, of $5.9 million and $5.6 million as of March 31, 2016 and December 31, 2015, respectively.

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

	March 31, 2016		December 31, 2015
	(In thousands)
Commercial and industrial	$	1,069,971	$	1,111,555
Commercial real estate	1,925,519		1,914,134
Construction and land	166,674		183,434
Residential	2,216,875		2,229,540
Home equity	118,807		119,828
Consumer and other	160,335		160,721
Total Loans	$	5,658,181	$	5,719,212

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

	March 31, 2016		December 31, 2015
	(In thousands)
Commercial and industrial	$	1,306	$	1,019
Commercial real estate	11,035		11,232
Construction and land	2,850		3,297
Residential	7,831		9,661
Home equity	1,301		1,306
Consumer and other	33		56
Total	$	24,356	$	26,571

The Bank’s policy is to discontinue the accrual of interest on a loan when the collectability of principal or interest is in doubt. In certain instances, although infrequent, loans that have become 90 days or more past due may remain on accrual status if the value of the collateral securing the loan is sufficient to cover principal and interest and the loan is in the process of collection. There were no loans 90 days or more past due, but still accruing, as of March 31, 2016 and December 31, 2015. 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.

22

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:

	March 31, 2016
	Accruing Past Due						Nonaccrual Loans
	30-59 Days Past Due		60-89 Days 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	$	341	$	—	$	341	$	1,306	$	—	$	—	$	1,306	$	1,068,324	$	1,069,971
Commercial real estate	40		—		40		4,277		—		6,758		11,035		1,914,444		1,925,519
Construction and land	—		—		—		129		19		2,702		2,850		163,824		166,674
Residential	7,628		—		7,628		1,008		2,150		4,673		7,831		2,201,416		2,216,875
Home equity	12		—		12		—		88		1,213		1,301		117,494		118,807
Consumer and other	253		33		286		15		7		11		33		160,016		160,335
Total	$	8,274	$	33	$	8,307	$	6,735	$	2,264	$	15,357	$	24,356	$	5,625,518	$	5,658,181

	December 31, 2015
	Accruing Past Due						Nonaccrual Loans
	30-59 Days Past Due		60-89 Days 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	$	2,329	$	338	$	2,667	$	726	$	—	$	293	$	1,019	$	1,107,869	$	1,111,555
Commercial real estate	2,091		529		2,620		5,912		—		5,320		11,232		1,900,282		1,914,134
Construction and land	—		—		—		149		34		3,114		3,297		180,137		183,434
Residential	6,267		873		7,140		924		874		7,863		9,661		2,212,739		2,229,540
Home equity	40		—		40		217		—		1,089		1,306		118,482		119,828
Consumer and other	235		392		627		24		9		23		56		160,038		160,721
Total	$	10,962	$	2,132	$	13,094	$	7,952	$	917	$	17,702	$	26,571	$	5,679,547	$	5,719,212

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.

23

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, 2015, 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:

	March 31, 2016
	By Loan Grade or Nonaccrual Status
	Pass		Special Mention		Accruing Substandard		Nonaccrual Loans		Total
	(In thousands)
Commercial and industrial	$	1,025,215	$	32,547	$	10,903	$	1,306	$	1,069,971
Commercial real estate	1,841,174		39,792		33,518		11,035		1,925,519
Construction and land	146,326		12,898		4,600		2,850		166,674
Residential	2,202,376		—		6,668		7,831		2,216,875
Home equity	117,506		—		—		1,301		118,807
Consumer and other	158,612		1,688		2		33		160,335
Total	$	5,491,209	$	86,925	$	55,691	$	24,356	$	5,658,181

24

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	December 31, 2015
	By Loan Grade or Nonaccrual Status
	Pass		Special Mention		Accruing Substandard		Nonaccrual Loans		Total
	(In thousands)
Commercial and industrial	$	1,070,438	$	28,643	$	11,455	$	1,019	$	1,111,555
Commercial real estate	1,841,603		27,594		33,705		11,232		1,914,134
Construction and land	162,563		12,974		4,600		3,297		183,434
Residential	2,213,204		—		6,675		9,661		2,229,540
Home equity	118,522		—		—		1,306		119,828
Consumer and other	158,686		—		1,979		56		160,721
Total	$	5,565,016	$	69,211	$	58,414	$	26,571	$	5,719,212

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 months ended March 31, 2016
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	2,446	$	4,431	n/a		$	2,132	$	12
Commercial real estate	11,900		20,038		n/a		12,017		38
Construction and land	2,850		4,446		n/a		1,520		—
Residential	6,821		7,181		n/a		7,071		57
Home equity	—		—		n/a		—		—
Consumer and other	—		—		n/a		—		—
Subtotal	24,017		36,096		n/a		22,740		107
With an allowance recorded:
Commercial and industrial	48		48		$	23	22		1
Commercial real estate	7,299		7,728		671		7,323		80
Construction and land	—		—		—		1,650		—
Residential	5,578		5,578		473		6,192		43
Home equity	—		—		—		—		—
Consumer and other	—		—		—		—		—
Subtotal	12,925		13,354		1,167		15,187		124
Total:
Commercial and industrial	2,494		4,479		23		2,154		13
Commercial real estate	19,199		27,766		671		19,340		118
Construction and land	2,850		4,446		—		3,170		—
Residential	12,399		12,759		473		13,263		100
Home equity	—		—		—		—		—
Consumer and other	—		—		—		—		—
Total	$	36,942	$	49,450	$	1,167	$	37,927	$	231

___________________

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

25

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	As of and for the three months ended March 31, 2015
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	191	$	255	n/a		$	1,555	$	807
Commercial real estate	19,059		25,414		n/a		20,753		894
Construction and land	1,272		2,290		n/a		7,190		92
Residential	9,191		9,978		n/a		9,526		78
Home equity	50		50		n/a		50		1
Consumer and other	1,007		1,007		n/a		1,007		—
Subtotal	30,770		38,994		n/a		40,081		1,872
With an allowance recorded:
Commercial and industrial	941		961		$	78	991		34
Commercial real estate	8,995		9,423		2,543		9,036		92
Construction and land	2,200		2,356		172		2,200		—
Residential	7,536		7,887		1,311		7,103		49
Home equity	—		—		—		—		—
Consumer and other	—		—		—		—		—
Subtotal	19,672		20,627		4,104		19,330		175
Total:
Commercial and industrial	1,132		1,216		78		2,546		841
Commercial real estate	28,054		34,837		2,543		29,789		986
Construction and land	3,472		4,646		172		9,390		92
Residential	16,727		17,865		1,311		16,629		127
Home equity	50		50		—		50		1
Consumer and other	1,007		1,007		—		1,007		—
Total	$	50,442	$	59,621	$	4,104	$	59,411	$	2,047

___________________

(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)

	As of and for the year ended December 31, 2015
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	2,259	$	2,569	n/a		$	1,638	$	836
Commercial real estate	12,116		20,113		n/a		17,885		1,494
Construction and land	1,097		2,132		n/a		3,027		92
Residential	7,788		8,576		n/a		9,384		269
Home equity	—		—		n/a		42		2
Consumer and other	—		—		n/a		545		61
Subtotal	23,260		33,390		n/a		32,521		2,754
With an allowance recorded:
Commercial and industrial	15		15		$	270	657		66
Commercial real estate	7,346		7,775		713		8,749		385
Construction and land	2,200		2,356		172		2,200		—
Residential	6,351		6,966		474		6,940		186
Home equity	—		—		—		—		—
Consumer and other	—		—		—		—		—
Subtotal	15,912		17,112		1,629		18,546		637
Total:
Commercial and industrial	2,274		2,584		270		2,295		902
Commercial real estate	19,462		27,888		713		26,634		1,879
Construction and land	3,297		4,488		172		5,227		92
Residential	14,139		15,542		474		16,324		455
Home equity	—		—		—		42		2
Consumer and other	—		—		—		545		61
Total	$	39,172	$	50,502	$	1,629	$	51,067	$	3,391

___________________

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

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

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

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

27

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 March 31, 2016 and December 31, 2015, TDRs totaled $28.9 million and $30.6 million, respectively. As of March 31, 2016, $17.9 million of the $28.9 million in TDRs were on accrual status. As of December 31, 2015, $18.6 million of the $30.6 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 March 31, 2016
	Restructured current quarter					TDRs that defaulted in the current quarter that were restructured in prior twelve months
	# of Loans	Pre- modification recorded investment		Post- modification recorded investment		# of Loans	Post- modification recorded investment
	(Dollars in thousands)
Commercial and industrial	1	$	175	$	—	—	$	—
Commercial real estate	—	—		—		—	—
Construction and land	—	—		—		—	—
Residential	1	145		145		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	2	$	320	$	145	—	$	—

	As of and for the three months ended March 31, 2016
	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	$	—
Commercial real estate	—	—		—	—		—	—		—	—		—	—
Construction and land	—	—		—	—		—	—		—	—		—	—
Residential	—	—		1	145		—	—		—	—		1	145
Home equity	—	—		—	—		—	—		—	—		—	—
Consumer and other	—	—		—	—		—	—		—	—		—	—

28

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 three months ended March 31, 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	—	—		—		—	—
Construction and land	—	—		—		—	—
Residential	6	382		382		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	6	$	382	$	382	—	$	—

	As of and for the three months ended March 31, 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	—	—		—	—		—	—		—	—		—	—
Construction and land	—	—		—	—		—	—		—	—		—	—
Residential	—	—		6	382		—	—		—	—		6	382
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.

29

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 $76.4 million and $78.5 million at March 31, 2016 and December 31, 2015, 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 March 31,
	2016			2015
	(In thousands)
Allowance for loan losses, beginning of period:
Commercial and industrial	$	15,814		$	14,114
Commercial real estate	44,215			43,854
Construction and land	6,322			4,041
Residential	10,544			10,374
Home equity	1,085			1,003
Consumer and other	520			382
Unallocated (1)	—			2,070
Total allowance for loan losses, beginning of period	78,500			75,838
Provision/ (credit) for loan losses:
Commercial and industrial	(657		)	(1,981		)
Commercial real estate	(1,847		)	(933		)
Construction and land	(998		)	227
Residential	591			72
Home equity	(6		)	13
Consumer and other	(216		)	130
Unallocated	—			(28		)
Total provision/(credit) for loan losses	(3,133		)	(2,500		)
Loans charged-off:
Commercial and industrial	(2,108		)	—
Commercial real estate	—			—
Construction and land	(400		)	—
Residential	(501		)	(49		)
Home equity	—			—
Consumer and other	(7		)	(5		)
Total charge-offs	(3,016		)	(54		)
Recoveries on loans previously charged-off:
Commercial and industrial	1,294			2,204
Commercial real estate	2,151			631
Construction and land	627			1,143
Residential	—			—
Home equity	—			—
Consumer and other	4			1
Total recoveries	4,076			3,979

30

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	As of and for the three months ended March 31,
	2016		2015
	(In thousands)
Allowance for loan losses at end of period:
Commercial and industrial	14,343		14,337
Commercial real estate	44,519		43,552
Construction and land	5,551		5,411
Residential	10,634		10,397
Home equity	1,079		1,016
Consumer and other	301		508
Unallocated (1)	—		2,042
Total allowance for loan losses at end of period	$	76,427	$	77,263

______________________

(1) As of December 31, 2015, the unallocated reserve was allocated to the qualitative factors as part of the general reserves (ASC 450).

The following tables present the Company’s allowance for loan losses and loan portfolio at March 31, 2016 and December 31, 2015 by portfolio segment, disaggregated by method of impairment analysis. The Company had no loans acquired with deteriorated credit quality at March 31, 2016 or December 31, 2015.

	March 31, 2016
	Individually Evaluated for Impairment				Collectively Evaluated for Impairment				Total
	Recorded investment (loan balance)		Allowance for loan losses		Recorded investment (loan balance)		Allowance for loan losses		Recorded investment (loan balance)		Allowance for loan losses
	(In thousands)
Commercial and industrial	$	2,494	$	23	$	1,067,477	$	14,320	$	1,069,971	$	14,343
Commercial real estate	19,199		671		1,906,320		43,848		1,925,519		44,519
Construction and land	2,850		—		163,824		5,551		166,674		5,551
Residential	12,399		473		2,204,476		10,161		2,216,875		10,634
Home equity	—		—		118,807		1,079		118,807		1,079
Consumer	—		—		160,335		301		160,335		301
Total	$	36,942	$	1,167	$	5,621,239	$	75,260	$	5,658,181	$	76,427

31

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

	December 31, 2015
	Individually Evaluated for Impairment				Collectively Evaluated for Impairment				Total
	Recorded investment (loan balance)		Allowance for loan losses		Recorded investment (loan balance)		Allowance for loan losses		Recorded investment (loan balance)		Allowance for loan losses
	(In thousands)
Commercial and industrial	$	2,274	$	270	$	1,109,281	$	15,544	$	1,111,555	$	15,814
Commercial real estate	19,462		713		1,894,672		43,502		1,914,134		44,215
Construction and land	3,297		172		180,137		6,150		183,434		6,322
Residential	14,139		474		2,215,401		10,070		2,229,540		10,544
Home equity	—		—		119,828		1,085		119,828		1,085
Consumer	—		—		160,721		520		160,721		520
Total	$	39,172	$	1,629	$	5,680,040	$	76,871	$	5,719,212	$	78,500

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.

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 March 31, 2016 and December 31, 2015:

	March 31, 2016							December 31, 2015
	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	$	(3,437	)	Other assets	$	—	Other liabilities	$	(1,907	)
Derivatives not designated as hedging instruments:
Interest rate products (2)	Other assets	16,968		Other liabilities	(17,702		)	Other assets	7,960		Other liabilities	(8,095		)
Total		$	16,968		$	(21,139	)		$	7,960		$	(10,002	)

___________________

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

(2) Includes Risk Participation Agreements.

32

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

The following table presents the effect of the Company’s derivative financial instruments in the consolidated statements of operations for the three months ended March 31, 2016 and 2015:

Derivatives in cash flow hedging relationships	Amount of gain or (loss) recognized in OCI on derivatives (effective portion) (1)						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 March 31,							three months ended March 31,
	2016			2015				2016			2015
(In thousands)
Interest rate products (2)	$	(1,948	)	$	(1,873	)	Interest expense	$	(461	)	$	(1,018	)
Total	$	(1,948	)	$	(1,873	)		$	(461	)	$	(1,018	)

___________________

(1)     There was no ineffective portion as of March 31, 2016 or 2015.

(2)    Includes Risk Participation Agreements.

The following table presents the components of the Company’s accumulated other comprehensive income/ (loss) related to the derivatives for the three months ended March 31, 2016 and 2015:

	Three months ended March 31,
	2016			2015
	(In thousands)
Accumulated other comprehensive income/ (loss) on cash flow hedges, balance at beginning of period	$	(1,123	)	$	(1,923	)
Net change in unrealized gain/ (loss) on cash flow hedges	(900		)	(509		)
Accumulated other comprehensive income/ (loss) on cash flow hedges, balance at end of period	$	(2,023	)	$	(2,432	)

The Bank has agreements with their derivative counterparties that contain provisions where, if the Bank defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Bank could also be declared in default on its derivative obligations. The Bank was in compliance with these provisions as of March 31, 2016 and December 31, 2015.

The Bank also has agreements with certain of their derivative counterparties that contain provisions where, if the Bank fails to maintain its status as a well- or adequately-capitalized institution, then the counterparty could terminate the derivative positions and the Bank would be required to settle its obligations under the agreements. The Bank was in compliance with these provisions as of March 31, 2016 and December 31, 2015.

Certain of the Bank’s agreements with their derivative counterparties contain provisions where if specified events or conditions occur that materially change the Bank’s creditworthiness in an adverse manner, the Bank may be required to fully collateralize their obligations under the derivative instruments. The Bank was in compliance with these provisions as of March 31, 2016 and December 31, 2015.

As of March 31, 2016 and December 31, 2015, the termination amounts related to collateral determinations of derivatives in a liability position was $21.1 million and $9.7 million, respectively. The Company has minimum collateral posting thresholds with its derivative counterparties and pledged securities with a market value of $19.9 million and $9.8 million, respectively, as of March 31, 2016 and December 31, 2015, against its obligations under these agreements. In addition, as of December 31, 2015, the Company had posted cash collateral of $2.0 million against its obligations under these agreements. The collateral posted is typically greater than the current liability position. However, due to timing of liability position changes at period end, the funding of a collateral shortfall may take place shortly following period end.

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 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

33

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

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. There was no hedge ineffectiveness during the three months ended March 31, 2016 or 2015. 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 $1.6 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 in ASC 815-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 March 31, 2016 and December 31, 2015, the Bank had 100 and 76 derivatives, respectively, related to this program, comprised of interest rate swaps and caps, with an aggregate notional amount of $672.7 million and $475.3 million, respectively. As of March 31, 2016 the Bank had one derivative with an aggregate notional amount of $0.1 million in a foreign currency exchange contract outstanding related to this program. There were no foreign currency exchange contracts outstanding related to this program as of December 31, 2015.

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 March 31, 2016 and December 31, 2015.

The Bank has also participated out to another financial institution a pro-rated portion of a swap executed by the Bank. The other financial institution has no obligations under the risk participation agreement unless the borrower defaults on their swap transaction with the Bank and the swap is in a liability position to the borrower. In that instance, the other financial institution has agreed to pay the 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 $1.9 million as of March 31, 2016. There were no risk participation agreements participated out as of December 31, 2015.

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 months ended March 31, 2016 and 2015.

34

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

		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 March 31,
		2016			2015
		(In thousands)
Interest rate products	Other income/ (expense)	$	(605	)	$	(6	)
Other products (1)	Other income/ (expense)	6			40
Total		$	(599	)	$	34

___________________

(1)     Risk Participation Agreements.

9.    Income Taxes

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

	Three months ended March 31,
	2016			2015
	(In thousands)
Income from continuing operations:
Income before income taxes	$	24,325		$	26,490
Income tax expense	7,438			8,572
Net income from continuing operations	$	16,887		$	17,918
Effective tax rate, continuing operations	30.6		%	32.4		%
Income from discontinued operations:
Income before income taxes	$	3,530		$	3,663
Income tax expense	1,465			1,569
Net income from discontinued operations	$	2,065		$	2,094
Effective tax rate, discontinued operations	41.5		%	42.8		%
Less: Income attributable to noncontrolling interests:
Income before income taxes	$	911		$	1,229
Income tax expense	—			—
Net income attributable to noncontrolling interests	$	911		$	1,229
Effective tax rate, noncontrolling interests	—		%	—		%
Income attributable to the Company
Income before income taxes	$	26,944		$	28,924
Income tax expense	8,903			10,141
Net income attributable to the Company	$	18,041		$	18,783
Effective tax rate attributable to the Company	33.0		%	35.1		%

The effective tax rate for continuing operations for the three months ended March 31, 2016 of 30.6%, with related tax expense of $7.4 million, was calculated based on a projected 2016 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 three months ended March 31, 2015 of 32.4%, with related tax expense of $8.6 million, was calculated based on a projected 2015 annual effective tax rate. The effective tax rate was less

35

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

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 three months ended March 31, 2016 is lower than the effective tax rate for the same period in 2015 due primarily to a projected increase in earnings from tax-exempt investments and lower projected income for the full year of 2016, as compared to the similar projections as of March 31, 2015 for the full year of 2015.

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 $0.9 million and $1.2 million for the three month periods ended March 31, 2016 and 2015, 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 $16.9 million and $18.1 million at March 31, 2016 and December 31, 2015, 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 $3.4 million in noncontrolling interests included in permanent shareholder’s equity at March 31, 2016 and December 31, 2015, 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, 2015.

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:

	March 31, 2016		December 31, 2015
	(In thousands)
Anchor	$	11,725	$	11,907
BOS	6,079		6,744
DGHM (1)	2,250		2,830
Total	$	20,054	$	21,481
Redeemable noncontrolling interests	$	16,938	$	18,088
Noncontrolling interests	$	3,116	$	3,393

______________

(1)    Only includes redeemable noncontrolling interests.

36

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements - (Continued)

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

	Three months ended
	March 31, 2016
	Redeemable noncontrolling interests			Noncontrolling interests
	(In thousands)
Noncontrolling interests at beginning of period	$	18,088		$	3,393
Net income attributable to noncontrolling interests	718			193
Distributions	(616		)	(242		)
Purchases/ (sales) of ownership interests	142			—
Amortization of equity compensation	111			132
Adjustments to fair value	(1,505		)	(360		)
Noncontrolling interests at end of period	$	16,938		$	3,116

	Three months ended
	March 31, 2015
	Redeemable noncontrolling interests			Noncontrolling interests
	(In thousands)
Noncontrolling interests at beginning of period	$	20,905		$	386
Net income attributable to noncontrolling interests	1,080			149
Distributions	(1,055		)	(136		)
Purchases/ (sales) of ownership interests	—			419
Transfers of ownership interests from mezzanine to permanent equity	(1,652		)	1,652
Amortization of equity compensation	—			118
Adjustments to fair value	633			13
Noncontrolling interests at end of period	$	19,911		$	2,601

37

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 months ended March 31, 2016 and 2015:

Description of component of accumulated other comprehensive income/ (loss)	Three months ended March 31,						Affected line item in Statement of Operations
	2016			2015
	(In thousands)
Adjustment for realized gains/ (losses) on available-for-sale securities, net:
Pre-tax	$	1		$	8		Gain on sale of investments, net
Tax expense/ (benefit)	—			3			Income tax expense
Net	$	1		$	5		Net income attributable to the Company
Net realized gain/ (loss) on cash flow hedges:
Hedge related to junior subordinated debentures:
Pre-tax	$	—		$	(471	)	Interest expense on junior subordinated debentures
Tax expense/ (benefit)	—			(202		)	Income tax expense
Net	$	—		$	(269	)	Net income attributable to the Company
Hedges related to deposits:
Pre-tax	$	(461	)	$	(547	)	Interest expense on deposits
Pre-tax	42			—			Other income
Tax expense/ (benefit)	(173		)	(225		)	Income tax expense
Net	$	(246	)	$	(322	)	Net income attributable to the Company
Total reclassifications for the period, net of tax	$	(245	)	$	(586	)

12.    Restructuring

In the fourth quarter of 2014, the Company incurred restructuring charges related to the acquisition of Banyan Partners, LLC. 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 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 charges in 2015 was $3.7 million.

In Q1 2016, the Company incurred additional costs of $1.1 million in continued refinement of the management structure within the Wealth Management and Trust segment. The Company anticipates additional restructuring costs related to this plan but, as of the date of this filing, has not specifically identified or estimated such costs.

Restructuring expenses incurred since the plan of restructuring was first implemented in 2014 totaled $5.6 million, all within the Wealth Management and Trust segment.

38

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 months ended March 31, 2016 and 2015:

	Severance Charges			Total
	(In thousands)
Accrued charges at December 31, 2015	$	3,305		$	3,305
Costs incurred	1,112			1,112
Costs paid	(849		)	(849		)
Accrued charges at March 31, 2016	$	3,568		$	3,568
Accrued charges at December 31, 2014	$	739		$	739
Costs incurred	—			—
Costs paid	(489		)	(489		)
Accrued charges at March 31, 2015	$	250		$	250

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.

In March 2016, the FASB issued ASU 2016-09, Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. This update is intended to simplify several aspects of the accounting for employee share-based plans such as income tax consequences, classification of awards as either liabilities or equity on the balance sheet, and classification on the statement of cash flows. This ASU is effective for fiscal years beginning after December 15, 2016, including interim periods within those years. Although early adoption is permitted, the Company does not plan on adopting prior to 2017. The Company does not expect that this ASU will have a material effect on its consolidated financial statements although fluctuations in the Company’s stock price between issuance date and settlement date of employee share-based transactions will lead to fluctuations in earnings once this ASU is implemented.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This ASU update is intended to increase transparency and comparability among companies by recognizing right of use lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those annual periods and is to be implemented utilizing a modified retrospective approach. The Company expects that this ASU will gross up the assets and liabilities on the balance sheet related to the lease assets and liabilities and also reclass a portion of the lease expense to interest expense rather than occupancy expense.

39

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF

FINANCIAL CONDITION AND RESULTS OF OPERATIONS

As of and for the three months ended March 31, 2016

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.

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Executive Summary

The Company offers a wide range of wealth management and private banking 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 first quarter of 2016. 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 March 31,
	2016			2015			$ Change			% Change
	(In thousands, except per share data)
Total revenues	$	87,901		$	87,417		$	484		1	%
Provision/ (credit) for loan losses	(3,133		)	(2,500		)	(633		)	25	%
Total operating expense	66,709			63,427			3,282			5	%
Net income from continuing operations	16,887			17,918			(1,031		)	(6	)%
Net income attributable to noncontrolling interests	911			1,229			(318		)	(26	)%
Net income attributable to the Company	18,041			18,783			(742		)	(4	)%
Diluted earnings per share:
From continuing operations	$	0.19		$	0.19		$	—		—	%
From discontinued operations	$	0.02		$	0.02		$	—		—	%
Total attributable to common shareholders	$	0.21		$	0.21		$	—		—	%

Net income attributable to the Company was $18.0 million for the three months ended March 31, 2016 and $18.8 million for the same period in 2015. The Company recognized diluted earnings per share of $0.21 for the three month periods ended March 31, 2016 and 2015.

Key items that affected the Company’s results in the first quarter of 2016 compared to the same period of 2015 include:

▪ The Company recorded a $3.1 million credit to the provision for loan losses for the three months ended March 31, 2016, compared to a credit to the provision for loan losses of $2.5 million for the same period of 2015. The provision for the three months ended March 31, 2016 was primarily due to a decrease in loans outstanding, net recoveries of $1.1 million, and decreases in loss factors.  The credit to the provision for the three months ended March 31, 2015 was primarily due to net recoveries of $3.9 million, partially offset by an increase in criticized loans.

▪ Fees and other income decreased 8% to $38.0 million for the three months ended March 31, 2016, compared to $41.3 million for the same period of 2015. This decrease was driven by fee-based revenue including a 19% decrease in wealth management and trust fees, and a 9% decrease in investment management fees. Total fees and other income represents 43% of total revenue for the three months ended March 31, 2016, compared to 47% of total revenue for the same period of 2015.

▪ Operating expenses increased $3.3 million, or 5%, to $66.7 million for the three months ended March 31, 2016, compared to $63.4 million for the same period of 2015. The increase is primarily due to increases in salaries and employee benefits, occupancy and equipment, professional services, and marketing and business development expenses. Additionally, the Company incurred $1.1 million in restructuring expense during the three months ended March 31, 2016 at Boston Private Wealth.

The Company’s Private Banking segment reported net income attributable to the Company of $17.3 million in the first quarter of 2016, compared to net income attributable to the Company of $15.7 million for the same period of 2015. The $1.6 million, or 10%, increase was a result of the increase in net interest income and the increase in the credit to the provision for loan losses for the three months ended March 31, 2016, partially offset by the increased operating expenses for the three months ended March 31, 2016.

The Company’s Wealth Management and Trust segment reported a net loss attributable to the Company of $2.9 million in the first quarter of 2016, compared to net income attributable to the Company of $0.9 million for the same period of

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2015. The $3.8 million decrease was the result of decreased wealth management and trust fee revenue, increased fixed and variable compensation expense, increased legal expense, and increased occupancy and equipment expense, partially offset by decreased tax expense. Additionally, there were restructuring expenses of $1.1 million in the first quarter of 2016 at Boston Private Wealth. Wealth Management and Trust AUM decreased $2.2 billion, or 23%, to $7.1 billion at March 31, 2016 from $9.3 billion at March 31, 2015. The decrease is due to net outflows for the twelve months ending March 31, 2016 of $1.4 billion, negative market action of $0.2 billion, and disposed AUM of $0.5 billion.

The Company’s Investment Management segment reported net income attributable to the Company of $1.3 million in the first quarter of 2016, compared to net income attributable to the Company of $1.4 million for the same period of 2015. The 9% decrease was due primarily to a 9% decrease in revenue, partially offset by an 8% 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 $0.9 billion, or 8%, to $9.8 billion at March 31, 2016 from $10.7 billion at March 31, 2015, primarily due to net outflows for the twelve months ending March 31, 2016 of $0.8 billion and negative market action of $0.1 billion.

The Company’s Wealth Advisory segment reported net income attributable to the Company of $1.5 million in the first quarter of 2016, compared to net income attributable to the Company of $1.7 million for the same period of 2015. The 12% decrease was due to increased operating expenses, primarily due to increased salaries and employee benefits expenses, while wealth advisory fee revenue remained flat. Wealth Advisory AUM decreased $0.2 billion, or 2%, to $9.9 billion at March 31, 2016 from $10.0 billion at March 31, 2015, primarily due to negative market action of $136 million and net outflows of $19 million for the twelve months ending March 31, 2016.

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, 2015. There have been no changes to these policies through the filing of this Quarterly Report on Form 10-Q.

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Financial Condition

Condensed Consolidated Balance Sheets and Discussion

	March 31, 2016		December 31, 2015		Increase/ (decrease)			% Change
	(In thousands)
Assets:
Total cash and investments	$	1,411,014	$	1,474,737	$	(63,723	)	(4	)%
Loans held for sale	5,383		8,072		(2,689		)	(33	)%
Total loans	5,658,181		5,719,212		(61,031		)	(1	)%
Less: Allowance for loan losses	76,427		78,500		(2,073		)	(3	)%
Net loans	5,581,754		5,640,712		(58,958		)	(1	)%
Goodwill and intangible assets	183,504		185,089		(1,585		)	(1	)%
Other assets	232,008		233,898		(1,890		)	(1	)%
Total assets	$	7,413,663	$	7,542,508	$	(128,845	)	(2	)%
Liabilities and Equity:
Deposits	$	5,786,860	$	6,040,437	$	(253,577	)	(4	)%
Total borrowings	733,497		625,902		107,595			17	%
Other liabilities	114,223		111,468		2,755			2	%
Total liabilities	6,634,580		6,777,807		(143,227		)	(2	)%
Redeemable Noncontrolling Interests (“RNCI”)	16,938		18,088		(1,150		)	(6	)%
Total shareholders’ equity	762,145		746,613		15,532			2	%
Total liabilities, RNCI and shareholders’ equity	$	7,413,663	$	7,542,508	$	(128,845	)	(2	)%

Total Assets. Total assets decreased$128.8 million, or 2%, to $7.4 billion at March 31, 2016 from $7.5 billion at December 31, 2015. This decrease was due primarily to decreases 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) decreased$63.7 million, or 4%, to $1.4 billion, or 19% of total assets at March 31, 2016 from $1.5 billion, or 20% of total assets, at December 31, 2015. The decrease was due to the $124.7 million, or 52%, decrease in cash and cash equivalents, and the $5.0 million, or 4%, decrease in held-to-maturity investments, partially offset by the $67.0 million, or 6%, increase in available-for-sale investment securities. 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 securities from the Company’s available-for-sale investment portfolio provided $52.2 million of cash proceeds during the three months ended March 31, 2016. 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 $17.3 million of unrealized gains and $1.7 million of unrealized losses at March 31, 2016, compared to $7.6 million of unrealized gains and $7.2 million of unrealized losses at December 31, 2015.

No impairment losses were recognized through earnings related to investment securities during the three months ended March 31, 2016 and 2015. The total amount of unrealized losses was primarily due to changes in interest rates since the securities were purchased. At March 31, 2016, 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 decreased$2.7 million to $5.4 million at March 31, 2016 from $8.1 million at December 31, 2015. 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$1.6 million, or 1%, to $183.5 million at March 31, 2016 from $185.1 million at December 31, 2015. The decrease was due to amortization of intangible assets.

Goodwill and indefinite-lived intangible assets such as trade names are subject to annual impairment tests, or more frequently, if there is indication of impairment, based on guidance in ASC 350, Intangibles-Goodwill and Other. Long-lived intangible assets such as advisory contracts are tested for recoverability whenever events or changes in circumstances indicate that the carrying amount of the asset or asset group may not be recoverable in accordance with ASC 360, Property, Plant, and Equipment (“ASC 360”).

Management performed its annual goodwill and indefinite-lived intangible asset impairment testing during the fourth quarter of 2015 for applicable reporting units. The estimated fair value for all applicable reporting units exceeded the carrying value, and as a result no impairment was evident. There was no additional testing required for long-lived intangible assets in 2015.

The goodwill impairment testing as of October 31, 2015 indicated that the reporting units with the closest fair values as compared to carrying value were Anchor and Boston Private Wealth. The estimated fair value of Anchor was $92.0 million as compared to a carrying value of $82.8 million, an excess of $9.2 million, or 11.2%. The estimated fair value of Boston Private Wealth was $85.0 million as compared to a carrying value of $71.5 million, an excess of $13.5 million, or 18.9%.

Should recent declines in AUM at Anchor and/or Boston Private Wealth continue, financial results will continue to be negatively impacted. Depending on certain factors, such as current earnings as compared to forecasted earnings at the time of the 2015 goodwill impairment testing, a triggering event requiring immediate testing for impairment could occur.

In addition to current financial results, other assumptions such as forecasted earnings and market comparisons for these types of firms are used to determine the fair value and whether there is indication of impairment. Material negative changes in the assumptions or inputs in the valuation models will increase the risk of impairment. The Company will continue to monitor the events and circumstances at these firms for indication of a triggering event that would necessitate impairment testing prior to the usual testing in the fourth quarter.

Other. Other assets, which consists of other real estate owned (“OREO”), premises and equipment, fees receivable, accrued interest receivable, deferred income taxes, net, and other assets, decreased$1.9 million, or 1%, to $232.0 million at March 31, 2016 from $233.9 million at December 31, 2015. The decrease was the result of a decrease in deferred tax assets, partially offset by increases in other assets.

Deferred tax assets, net, decreased $8.5 million, or 17%, to $43.2 million at March 31, 2016 from $51.7 million at December 31, 2015. The decrease was primarily due to current year deferred tax expense and the current year tax effect of other comprehensive income. At March 31, 2016, no valuation allowance on the net deferred tax asset was required, other than for capital losses, based upon the ability to generate future taxable income as well as the availability of current and historical taxable income.

Other assets, which consist primarily of Bank-Owned Life Insurance (“BOLI”), prepaid expenses, investments in partnerships, the fair value of interest rate derivatives, and other receivables, increased$7.4 million, or 6%, to $128.5 million at March 31, 2016 from $121.2 million at December 31, 2015. The increase was primarily due to an increase in the fair value of non-hedging derivative instruments and an increase in prepaid expenses, and partially offset by a decrease in accounts receivable.

Deposits. Total deposits decreased$253.6 million, or 4%, to $5.8 billion, at March 31, 2016 from $6.0 billion at December 31, 2015. Deposit balances decreased during the first three months of 2016 due to lower demand deposits, money markets, and 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.

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The following table presents the composition of the Company’s deposits at March 31, 2016 and December 31, 2015:

	March 31, 2016				December 31, 2015
	Balance		as a % of total		Balance		as a % of total
	(In thousands)
Demand deposits (noninterest-bearing)	$	1,609,669	28	%	$	1,689,604	28	%
NOW (1)	565,394		10	%	588,337		10	%
Savings	76,019		1	%	72,336		1	%
Money market (1)	2,959,328		51	%	3,105,172		51	%
Certificates of deposit under $100,000 (1)	171,779		3	%	173,011		3	%
Certificates of deposit of $100,000 or greater	404,671		7	%	411,977		7	%
Total deposits	$	5,786,860	100	%	$	6,040,437	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$107.6 million, or 17%, to $733.5 million at March 31, 2016 from $625.9 million at December 31, 2015. Repurchase agreements increased$5.0 million, or 9%, to $63.2 million at March 31, 2016 from $58.2 million at December 31, 2015. Repurchase agreements are generally linked to commercial demand deposit accounts with an overnight sweep feature. Federal funds purchased increased to $40.0 million at March 31, 2016 compared to none outstanding at December 31, 2015. From time to time, the Bank purchases federal funds from the FHLB and other banking institutions to supplement its liquidity position. FHLB borrowings increased$62.6 million, or 14%, to $524.0 million at March 31, 2016 from $461.3 million at December 31, 2015. FHLB borrowings are generally used to provide additional funding for loan growth when it is in excess of deposit growth and to manage interest rate risk, but can also be used as an additional source of liquidity for the Bank. 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, increased$2.8 million, or 2%, to $114.2 million at March 31, 2016 from $111.5 million at December 31, 2015. The increase was primarily due to increases in the fair value of derivative liability instruments and increases in federal income tax payable. These increases were partially offset by decreases in accrued expenses, particularly accrued compensation, bonuses and employee benefits.

Loan Portfolio and Credit Quality

Loans. Total portfolio loans decreased $61.0 million, or 1%, to $5.7 billion, or 76%, of total assets as of March 31, 2016, compared to $5.7 billion, or 76%, of total assets as of December 31, 2015. Decreases were recorded in commercial and industrial loans of $41.5 million, or 4%, construction and land loans of $16.8 million, or 9%, residential loans of $12.7 million, or 1%, and home equity and other consumer loans of $1.4 million, or 1%, partially offset by an increase in commercial real estate loans of $11.4 million, or 1%. Loan balances decreased during the first three months of 2016 primarily due to paydowns of existing lines of credit. Seasonality can also affect loan balances.

The Bank specializes in lending to individuals, real estate investors, and middle market businesses, including corporations, partnerships, associations and nonprofit organizations. Loans made by the Bank to individuals may include residential mortgage loans and mortgage loans on investment or vacation properties, unsecured and secured personal lines of credit, home equity loans, and overdraft protection. Loans made by the Bank to businesses include commercial and mortgage loans, revolving lines of credit, working capital loans, equipment financing, community lending programs, and construction and land loans. The types and sizes of loans the Bank originates are limited by regulatory requirements.

The Bank’s loans are affected by the economic and real estate markets in which they are located. Generally, commercial real estate, construction, and land loans are affected more than residential loans in an economic downturn.

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Geographic concentration. The following table presents the Company’s outstanding loan balance concentrations at March 31, 2016 based on the location of the regional offices to which they are attributed.

	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	$	849,615	79	%	$	816,324	42	%	$	106,258	64	%	$	1,361,547	61	%	$	230,143	83	%
San Francisco Bay Area	118,385		11	%	611,461		32	%	35,281		21	%	463,645		21	%	34,481		12	%
Southern California	101,971		10	%	497,734		26	%	25,135		15	%	391,683		18	%	14,518		5	%
Total	$	1,069,971	100	%	$	1,925,519	100	%	$	166,674	100	%	$	2,216,875	100	%	$	279,142	100	%

Allowance for loan losses. The allowance for loan losses is reported as a reduction of outstanding loan balances and totaled $76.4 million and $78.5 million as of March 31, 2016 and December 31, 2015, respectively.

The allowance for loan losses as of March 31, 2016decreased $2.1 million, or 3%, from December 31, 2015 due to lower balances of total loans and substandard-rated loans, paydowns and payoffs of impaired loans and a decline in loss factors. The allowance for loan losses as a percentage of total loans decreased2 basis point to 1.35% as of March 31, 2016 from 1.37% as of December 31, 2015. The decrease in the ratio of allowance for loan losses to total loans is due primarily to decreases in loss factors and paydowns and payoffs of substandard and impaired loans. 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). See Part II. Item 8. “Notes to Unaudited Consolidated Financial Statements - Note 6: Allowance for Loan Losses” and the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 for further information.

The following table presents a summary of loans charged-off, net of recoveries, by geography for the periods indicated. The geography assigned to the data is based on the location of the regional offices to which the loans are attributed.

	Three months ended March 31,
	2016			2015
	(In thousands)
Net loans (charged-off)/ recovered:
New England	$	(2,146	)	$	890
San Francisco Bay Area	3,454			2,738
Southern California	(248		)	297
Total net loans (charged-off)/ recovered	$	1,060		$	3,925

Net recoveries of $1.1 million were recorded in the first quarter of 2016, compared to $3.9 million of net recoveries for the same period of 2015. 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 $1.1 million in net recoveries recorded in the first three months of 2016, $2.2 million related to commercial real estate loans and $0.2 million related to construction and land loans, partially offset by net charge-offs of $0.8 million related to commercial and industrial loans and $0.5 million related to residential 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 March 31, 2016, nonperforming assets totaled $24.5 million, or 0.33% of total assets, a decrease of $2.8 million, or 11%, compared to $27.3 million, or 0.36% of total assets, as of December 31, 2015.

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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 a loan having a 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 future interest payments received to principal. Of the $24.4 million of loans on nonaccrual status as of March 31, 2016, $6.7 million, or 28%, had a current payment status, $2.3 million, or 9%, were 30-89 days past due, and $15.4 million, or 63%, were 90 days or more past due. Of the $26.6 million of loans on nonaccrual status as of December 31, 2015, $8.0 million, or 30%, had a current payment status, $0.9 million, or 3%, were 30-89 days past due, and $17.7 million, or 67%, 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 decreased $4.8 million, or 37%, to $8.3 million as of March 31, 2016 from $13.1 million as of December 31, 2015. Loan delinquencies can be attributed to many factors, such as continuing weakness in, or deteriorating, economic conditions in the region the collateral is located, the loss of a tenant or lower lease rates for commercial borrowers, or the loss of income for consumers and the resulting liquidity impacts on the borrowers. Further deterioration in the credit condition of these delinquent loans could lead to the loans going to nonaccrual status and/or being downgraded. Downgrades would generally result in additional provision for loan losses. Past due loans may be included with accruing substandard loans.

In certain instances, although very infrequently, loans that have become 90 days or more past due may remain on accrual status if the value of the collateral securing the loan is sufficient to cover principal and interest and the loan is in the process of collection. There were no loans 90 days or more past due, but still accruing, as of March 31, 2016 and December 31, 2015.

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 construction 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 of such loans are modified in a troubled 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 its classification as impaired. See 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, 2015 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 $36.9 million as of March 31, 2016, a decrease of $2.3 million, or 6%, compared to $39.2 million as of December 31, 2015. As of March 31, 2016,

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$12.9 million of the individually evaluated impaired loans had $1.2 million in specific reserve allocations. The remaining $24.0 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, 2015, $15.9 million of individually evaluated impaired loans had $1.6 million in specific reserve allocations, and the remaining $23.3 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 March 31, 2016, TDRs totaled $28.9 million, a decrease of $1.7 million, or 6%, compared to $30.6 million as of December 31, 2015. As of March 31, 2016, $17.9 million of the $28.9 million of TDRs were on accrual status. As of December 31, 2015, $18.6 million of the $30.6 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 the tenant of non-renewal of lease, 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.

As of March 31, 2016, the Bank has identified $55.7 million in potential problem loans, a decrease of $2.7 million, or 5%, compared to $58.4 million as of December 31, 2015. This decrease was primarily due to potential problem consumer and other loans, which decreased $2.0 million due to the payoff of one loan in the New England region. 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 months endedMarch 31, 2016 and 2015:

	As of and for the three months ended March 31,
	2016			2015
	(In thousands)
Nonaccrual loans, beginning of period	$	26,571		$	44,182
Transfers in to nonaccrual status	3,322			1,190
Transfers out to accrual status	(974		)	(615		)
Charge-offs	(2,746		)	(54		)
Paid off/ paid down	(1,817		)	(12,570		)
Nonaccrual loans, end of period	$	24,356		$	32,133

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

	March 31, 2016		December 31, 2015
	(In thousands)
Nonaccrual loans:
New England	$	17,988	$	19,572
San Francisco Bay Area	4,369		4,977
Southern California	1,999		2,022
Total nonaccrual loans	$	24,356	$	26,571
Loans 30-89 days past due and accruing:
New England	$	4,723	$	7,118
San Francisco Bay Area	986		2,806
Southern California	2,598		3,170
Total loans 30-89 days past due	$	8,307	$	13,094
Accruing substandard loans:
New England	$	19,157	$	22,026
San Francisco Bay Area	20,235		19,990
Southern California	16,299		16,398
Total accruing substandard loans	$	55,691	$	58,414

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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.

	March 31, 2016		December 31, 2015
	(In thousands)
Nonaccrual loans:
Commercial and industrial	$	1,306	$	1,019
Commercial real estate	11,035		11,232
Construction and land	2,850		3,297
Residential	7,831		9,661
Home equity and other consumer	1,334		1,362
Total nonaccrual loans	$	24,356	$	26,571
Loans 30-89 days past due and accruing:
Commercial and industrial	$	341	$	2,667
Commercial real estate	40		2,620
Construction and land	—		—
Residential	7,628		7,140
Home equity and other consumer	298		667
Total loans 30-89 days past due	$	8,307	$	13,094
Accruing substandard loans:
Commercial and industrial	$	10,903	$	11,455
Commercial real estate	33,518		33,705
Construction and land	4,600		4,600
Residential	6,668		6,675
Home equity and other consumer	2		1,979
Total accruing substandard loans	$	55,691	$	58,414

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 March 31, 2016, the Company’s cash and cash equivalents amounted to $113.9 million. The Holding Company’s cash and cash equivalents amounted to $54.6 million at March 31, 2016. 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 March 31, 2016, consolidated cash and cash equivalents and available-for-sale securities, less securities pledged against current borrowings and derivatives, amounted to $1.2 billion, or 16% of total assets, compared to $1.2 billion, or 16% of total assets, at December 31, 2015. 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 March 31, 2016 compared to $1.2 billion at December 31, 2015. Combined, this liquidity totals $2.3 billion, or 31% of assets and 39% of total deposits, as of March 31, 2016, compared to $2.4 billion, or 31% of assets and 39% of total deposits, at December 31, 2015.

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

Holding Company Liquidity. The Company and some of the Company’s majority-owned affiliates hold put and call options that would require the Company to purchase (and the majority-owned affiliates to sell) the remaining noncontrolling interests in these companies at the then fair value generally as determined by the respective agreements. At March 31, 2016, the estimated maximum redemption value for these affiliates related to outstanding put options was $16.9 million, all of which could be redeemed within the next 12 months, under certain circumstances, and is classified on the consolidated balance sheets as RNCI. 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, 2015.

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 $2.1 million in net income from discontinued operations during the three months ended March 31, 2016 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 3: Acquisitions, Asset Sales, and Divestitures” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. 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, 2015 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. The estimated cash outlay for the remaining nine months of 2016 for the interest payments is approximately $1.9 million based on the debt outstanding as of the date of this filing and estimated LIBOR.

The Company is required to pay cash dividends quarterly on its Series D preferred stock, issued in April 2013, at 6.95% per annum. The estimated cash outlay for the remaining nine months of 2016 for the Series D preferred stock dividend payments is approximately $2.6 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 2016, the Company increased its quarterly dividend from $0.09 per share to $0.10 per share. Based on the current dividend rate and estimated shares outstanding, the Company estimates the amount to be paid out in the remaining nine months of 2016 for dividends to common shareholders will be approximately $24.6 million. The estimated dividend payments in 2016 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.

In the first quarter of 2016, the Company’s board of directors approved, and received regulatory non-objection for, a share repurchase program of up to $20 million of the Company’s outstanding common shares. Under the program, shares may be repurchased from time to time in the open market for a two-year period. The Company estimates the dollar amount of common stock to be repurchased in the remaining nine months of 2016 will be approximately $17.2 million, although this estimate could be lower depending on the price of the Company’s common stock.

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

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

From time to time, the Bank purchases federal funds from the FHLB and other banking institutions to supplement its liquidity position. At March 31, 2016, the Bank had unused federal fund lines of credit totaling $525.0 million with correspondent institutions to provide it with immediate access to overnight borrowings, compared to $565.0 million at December 31, 2015. At March 31, 2016, the Bank had $40.0 million of outstanding borrowings under the federal fund lines with these correspondent institutions. At December 31, 2015, the Bank had no outstanding borrowings under these federal fund lines.

The Bank has also negotiated brokered deposit agreements with several institutions that have nationwide distribution capabilities. At March 31, 2016, the Bank had $543.6 million of brokered deposits (net of premiums paid) outstanding under these agreements, compared to $577.4 million at December 31, 2015.

If the Bank is 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 March 31, 2016 was $762.1 million, compared to $746.6 million at December 31, 2015, an increase of $15.5 million, or 2%. The increase in shareholders’ equity was primarily the result of net income and the change in other comprehensive income, partially offset by dividends paid and the repurchase of common stock.

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 maintained capital at levels that would be considered “well capitalized” as of March 31, 2016 under the applicable regulations.

As of March 31, 2016, 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).

As of March 31, 2016, financial institutions and their holding companies were required to transition to a provision in the regulatory capital rules for a capital conservation buffer. In order to avoid limitations on distributions, including dividend payments, and certain discretionary bonus payments to executive officers, a capital conservation buffer must be held above the minimum risk-based capital requirements. The new rules are phased-in through 2019. The Bank and Company were in compliance with all of the requirements of the capital conservation buffer as of March 31, 2016.

The following table presents the Company’s and the Bank’s amounts of regulatory capital and related ratios as of

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March 31, 2016 and December 31, 2015. 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.

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 March 31, 2016 and December 31, 2015.

	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 March 31, 2016
Common equity tier 1 risk-based capital
Company	$	536,925	9.92	%	$	243,563	4.5	%	n/a		n/a
Boston Private Bank	628,801		11.69		242,041		4.5		$	349,615	6.5	%
Tier 1 risk-based capital
Company	687,699		12.71		324,751		6.0		n/a		n/a
Boston Private Bank	628,801		11.69		322,722		6.0		430,295		8.0
Total risk-based capital
Company	755,777		13.96		433,001		8.0		n/a		n/a
Boston Private Bank	696,168		12.94		430,295		8.0		537,869		10.0
Tier 1 leverage capital
Company	687,699		9.53		288,584		4.0		n/a		n/a
Boston Private Bank	628,801		8.79		286,172		4.0		357,715		5.0
As of December 31, 2015
Common equity tier 1 risk-based capital
Company	$	534,241	9.80	%	$	245,216	4.5	%	n/a		n/a
Boston Private Bank	621,668		11.49		243,407		4.5		$	351,588	6.5	%
Tier 1 risk-based capital
Company	686,160		12.59		326,954		6.0		n/a		n/a
Boston Private Bank	621,668		11.49		324,543		6.0		432,723		8.0
Total risk-based capital
Company	754,758		13.85		435,939		8.0		n/a		n/a
Boston Private Bank	689,437		12.75		432,723		8.0		540,904		10.0
Tier 1 leverage capital
Company	686,160		9.50		289,059		4.0		n/a		n/a
Boston Private Bank	621,668		8.68		286,461		4.0		358,077		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 March 31, 2016, 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. In accordance with ASC 810-10-55, Consolidation - Overall - Implementation Guidance and Illustrations - Variable Interest Entities, these statutory trusts created 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

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financial statements. As of both March 31, 2016 and December 31, 2015, all $100.0 million of the net balance of these trust preferred securities qualified as Tier 1 capital.

Results of operations for the three months ended March 31, 2016 versus March 31, 2015

Net Income. The Company recorded net income from continuing operations for the three months ended March 31, 2016 of $16.9 million, compared to $17.9 million for the same period in 2015. Net income attributable to the Company, which includes income from both continuing and discontinued operations, for the three months ended March 31, 2016 was $18.0 million, compared to $18.8 million for the same period in 2015.

The Company recognized diluted EPS from continuing operations for the three months ended March 31, 2016 and for the same period in 2015 of $0.19 per share. Diluted EPS attributable to common shareholders, which includes both continuing and discontinued operations, for the three months ended March 31, 2016 and 2015 was $0.21 per share.

Net income from continuing operations in both 2016 and 2015 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 March 31,						% Change
	2016			2015
	(In thousands)
Net interest income	$	49,879		$	46,072		8	%
Fees and other income	38,022			41,345			(8	)%
Total revenue	87,901			87,417			1	%
Provision/ (credit) for loan losses	(3,133		)	(2,500		)	25	%
Operating expense	66,709			63,427			5	%
Income tax expense	7,438			8,572			(13	)%
Net income from continuing operations	16,887			17,918			(6	)%
Net income from discontinued operations	2,065			2,094			(1	)%
Less: Net income attributable to noncontrolling interests	911			1,229			(26	)%
Net income attributable to the Company	$	18,041		$	18,783		(4	)%

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 calculated by taking annualized net interest income for the period, on a fully taxable-equivalent (“FTE”) basis, 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 $55.7 million at March 31, 2016 and could be placed on nonaccrual status if their credit quality declines further.

Net interest income for the three months ended March 31, 2016, net interest income was $49.9 million, an increase of $3.8 million, or 8%, compared to the same period in 2015. The increase for the three months ended March 31, 2016 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 2.96% for the three months ended March 31, 2016, a decrease of four basis points compared to the same period in 2015.

The following tables present the composition of the Company’s NIM on a FTE basis for the three months endedMarch 31, 2016 and 2015; 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 March 31,
AVERAGE BALANCE SHEET:	2016		2015		2016		2015		2016		2015
AVERAGE ASSETS	(In thousands)
Interest-Earning Assets:
Cash and Investments: (1)
Taxable investment securities	$	392,579	$	320,373	$	1,594	$	995	1.63	%	1.24	%
Non-taxable investment securities (2)	262,227		230,251		2,138		1,571		3.26	%	2.73	%
Mortgage-backed securities	564,826		516,032		3,065		2,614		2.17	%	2.03	%
Federal funds sold and other	185,253		147,999		507		234		1.08	%	0.64	%
Total Cash and Investments	1,404,885		1,214,655		7,304		5,414		2.08	%	1.78	%
Loans: (3)
Commercial and Industrial (2)	1,065,614		933,438		10,920		11,152		4.05	%	4.78	%
Commercial Real Estate	1,859,557		1,786,076		19,797		19,138		4.21	%	4.29	%
Construction	174,867		132,287		1,648		1,076		3.73	%	3.25	%
Residential	2,229,680		2,140,525		17,302		16,656		3.10	%	3.11	%
Home Equity	119,349		115,673		1,082		1,012		3.65	%	3.55	%
Other Consumer	157,508		162,294		965		941		2.47	%	2.35	%
Total Loans	5,606,575		5,270,293		51,714		49,975		3.66	%	3.80	%
Total Earning Assets	7,011,460		6,484,948		59,018		55,389		3.35	%	3.42	%
Less: Allowance for Loan Losses	80,273		77,039
Cash and due from Banks (non-interest bearing)	39,943		38,062
Other Assets	420,909		406,799
TOTAL AVERAGE ASSETS	$	7,392,039	$	6,852,770
AVERAGE LIABILITIES, RNCI, AND SHAREHOLDERS’ EQUITY
Interest-Bearing Liabilities:
Interest-Bearing Deposits:
NOW	$	542,617	$	527,604	$	87	$	77	0.06	%	0.06	%
Savings	75,433		72,091		23		26		0.12	%	0.15	%
Money Market	3,055,242		2,812,827		2,902		2,596		0.38	%	0.37	%
Certificates of Deposits	578,310		604,404		1,170		1,193		0.81	%	0.80	%
Total Interest-Bearing Deposits	4,251,602		4,016,926		4,182		3,892		0.40	%	0.39	%
Junior Subordinated Debentures	106,363		106,363		578		956		2.15	%	3.59	%
FHLB Borrowings and Other	524,892		470,392		1,963		1,944		1.48	%	1.65	%
Total Interest-Bearing Liabilities	4,882,857		4,593,681		6,723		6,792		0.55	%	0.60	%
Noninterest Bearing Demand Deposits	1,621,666		1,422,202
Payables and Other Liabilities	110,959		102,255
Total Average Liabilities	6,615,482		6,118,138
RNCI	21,157		22,748
Average Shareholders’ Equity	755,400		711,884
TOTAL AVERAGE LIABILITIES, RNCI, AND SHAREHOLDERS’ EQUITY	$	7,392,039	$	6,852,770
Net Interest Income - on a FTE Basis					$	52,295	$	48,597
FTE Adjustment (2)					2,416		2,525
Net Interest Income (GAAP Basis)					$	49,879	$	46,072
Interest Rate Spread									2.80	%	2.82	%
Net Interest Margin									2.96	%	3.00	%

________________________

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

55

(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.

Interest and Dividend Income. Interest and dividend income for the three months ended March 31, 2016was $56.6 million, an increase of $3.7 million, or 7%, compared to the same period in 2015. The increase for the three 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 months ended March 31, 2016.

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 and industrial loans, on a non-FTE basis, for the three months ended March 31, 2016was $9.3 million, an increase of $0.1 million, or 1%, compared to the same period in 2015, as a result of a 14% increase in the average balance, partially offset by a 46 basis point decrease in the average yield. The increase in the average balance for the three month period 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 month period 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 commercial real estate loans for the three months ended March 31, 2016 was $19.8 million, an increase of $0.7 million, or 3%, compared to the same period in 2015, as a result of a 4% increase in the average balance, partially offset by an eight basis point decrease in the average yield. The increase in the average balance for the three month period is related to the organic growth of the commercial real estate loan portfolio at the Bank. The decrease in the average yield for the three month period is the result of market conditions leading to lower rates due to competition for higher quality loans.

Interest income on construction and land loans for the three months ended March 31, 2016 was $1.6 million, an increase of $0.6 million, or 53%, compared to the same period in 2015, as a result of a 32% increase in the average balance and a 48 basis point increase in the average yield. The increase in the average balance for the three month period is related to the organic growth of the construction and land loan portfolio at the Bank. The increase in the average yield for the three month period is the result of market conditions.

Interest income on residential mortgage loans for the three months ended March 31, 2016 was $17.3 million, an increase of $0.6 million, or 4%, compared to the same period in 2015, as a result of a 4% increase in the average balance, partially offset by a one basis point decrease in the average yield. The increase in the average balances for the three month period was due to the organic growth of the residential loan portfolio at the Bank. The decrease in the average yield for the three month period 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 loans for the three months ended March 31, 2016 was $1.1 million, an increase of $0.1 million, or 7%, compared to the same period in 2015, as a result of a 3% increase in the average balance and a 10 basis point increase in the average yield. The increase in the average balance for the three month period is related to the organic growth of the home equity loan portfolio at the Bank. The increase in the average yield for the three month period is the result of the increase in the Prime rate in December 2015.

Interest income on other consumer loans for the three months ended March 31, 2016 was $1.0 million, an increase of $24 thousand, or 3%, compared to the same period in 2015, as a result of a 12 basis point increase in the average yield, partially offset by a 3% decrease in the average balance. The increase in the average yield for the three month period is primarily the result of the increase in the Prime rate in December 2015. The decrease in the average balance for the three month period is primarily due to client demand.

Investment income, on a non-FTE basis, for the three months ended March 31, 2016 was $6.6 million, an increase of $1.7 million, or 35%, compared to the same period in 2015, as a result of a 27 basis point increase in the average yield and a 16% increase in the average balance. The increase in the average yield was partially due to the increase in short-term interest rates in December 2015. The increase in the average balance for the three month period 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.

56

Interest expense. Interest expense on deposits and borrowings for the three months ended March 31, 2016 was $6.7 million, a decrease of $0.1 million, or 1%, compared to the same period in 2015.

Interest expense on interest-bearing deposits for the three months ended March 31, 2016 was $4.2 million, an increase of $0.3 million, or 7%, compared to the same period in 2015, as a result of a 6% increase in the average balance and a one basis point increase in the average rate paid.

Interest paid on borrowings for the three months ended March 31, 2016 was $2.5 million, a decrease of $0.4 million, or 12%, compared to the same period in 2015, as a result of a 144 basis point decrease in the average rate paid on junior subordinated debentures, and a 17 basis point decrease in the average rate paid on FHLB and other borrowings, partially offset by a 12% increase in the average balance of FHLB borrowings and other, with no change in the average balance of junior subordinated debentures. The decrease for the three month period in the average rate paid on junior subordinated debentures is due to the December 30, 2015 expiration of the interest rate hedge on $75 million of the Company's floating rate junior subordinated debentures.

Provision/ (credit) for loan losses. The Company recorded a credit to the provision for loan losses of $3.1 million for the three months ended March 31, 2016, compared to a credit to the provision for loan losses of $2.5 million for the same period in 2015. The credit to the provision for loan losses for the three months ended March 31, 2016 was the result of a decrease in loans outstanding, net recoveries of $1.1 million, and a decrease in loss factors. The provision credit for three months ended March 31, 2015 was primarily due to net recoveries partially offset by an increase in criticized loans.

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 March 31, 2016 was $38.0 million, a decrease of $3.3 million, or 8%, compared to the same period in 2015. Factors affecting the decrease in the three month period include lower fee revenues in the Wealth Management and Trust and Investment Management segments due to decreases in AUM, and decreases in other income, offset by increases in banking fee income.

Wealth management and trust fee income for the three months ended March 31, 2016 was $10.9 million, a decrease of $2.6 million, or 19%, compared to the same period in 2015. AUM as of March 31, 2016 managed or advised by Boston Private Wealth was $7.1 billion, a decrease of $2.2 billion, or 23%, compared to March 31, 2015. The decrease is due to net outflows for the twelve months ending March 31, 2016 of $1.4 billion, negative market action of $0.2 billion, and disposed AUM of $0.5 billion.

Investment management fee income for the three months ended March 31, 2016 was $10.7 million, a decrease of $1.1 million, or 9%, compared to the same period in 2015. AUM as of March 31, 2016 managed or advised by the Investment Managers was $9.8 billion, a decrease of $892 million, or 8%, compared to 2015. The decrease is primarily due to net outflows for the twelve months ending March 31, 2016 of $0.8 billion and negative market action of $0.1 billion.

Wealth advisory fee income for the three months ended March 31, 2016 was $12.7 million, flat compared to the same period in 2015. AUM managed or advised by the Wealth Advisors was $9.9 billion at March 31, 2016, a decrease of $155 million, or 2%, compared to March 31, 2015. The decrease is primarily due to negative market action of $136 million and net outflows of $19 million for the twelve months ending March 31, 2016.

Other banking fee income for the three months ended March 31, 2016 was $3.2 million, an increase of $1.3 million, or 69%, compared to the same period in 2015. The increase is related to increases in swap fee income due to increased client demand for loan swap agreements.

Other income for the three months ended March 31, 2016 was less than $0.1 million, a decrease of $1.1 million compared to the same period in 2015. The first three months of 2016 included a loss on the fair value of derivative instruments of $0.6 million offset by miscellaneous income of $0.4 million and a gain on rabbi trust investments of $0.2 million. The first three months of 2015 included $0.4 million related to the market value adjustment for the Banyan Partners, LLC earnout, $0.4 million of miscellaneous income, and a $0.2 million gain on partnership investments.

57

Operating Expense. Operating expense for the three months ended March 31, 2016 was $66.7 million, an increase of $3.3 million, or 5%, compared to the same period in 2015. The increase for the three months ended March 31, 2016 is primarily due to increases in salaries and employee benefits, occupancy and equipment, professional services, and marketing and business development expenses. Additionally, the Company incurred restructuring charges related to Boston Private Wealth in the three months ended March 31, 2016 of $1.1 million that were not experienced in the same period of 2015.

Salaries and employee benefits expense, the largest component of operating expense, for the three months ended March 31, 2016 was $42.6 million, an increase of $0.4 million, or 1%, compared to the same period in 2015. The three month increase is primarily due to higher fixed compensation, partially offset by lower variable compensation costs and stock compensation.

Occupancy and equipment expense for the three months ended March 31, 2016 was $9.6 million, an increase of $0.6 million, or 6%, compared to the same period in 2015. The three month increase is primarily due to an increase in rent expense due to new office locations and an increase in telecommunications and technology expenses.

Professional services expense for the three months ended March 31, 2016 was $3.5 million, an increase of $0.5 million, or 16%, compared to the same period in 2015. The three month increase is primarily due to an increase in legal fees, recruiting fees, consulting fees, and loan workout expenses, partially offset by decreases in tax preparation outsourcing expenses.

Marketing and business development expense for the three months ended March 31, 2016 was $2.2 million, an increase of $0.8 million, or 61%, compared to the same period in 2015. The three month increase is primarily related to the timing of marketing programs in the Private Banking segment.

Income Tax Expense. Income tax expense for continuing operations for the three months endedMarch 31, 2016 was $7.4 million. The effective tax rate for continuing operations for the three months ended March 31, 2016 was 30.6%, compared to an effective tax rate of 32.4% for the same period in 2015. 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.

In March 2016, the FASB issued ASU 2016-09, Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. This update is intended to simplify several aspects of the accounting for employee share-based plans such as income tax consequences, classification of awards as either liabilities or equity on the balance sheet, and classification on the statement of cash flows. This ASU is effective for fiscal years beginning after December 15, 2016, including interim periods within those years. Although early adoption is permitted, the Company does not plan on adopting prior to 2017. The Company does not expect that this ASU will have a material effect on its consolidated financial statements although fluctuations in the Company’s stock price between issuance date and settlement date of employee share-based transactions will lead to fluctuations in earnings once this ASU is implemented.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This ASU update is intended to increase transparency and comparability among companies by recognizing right of use lease assets and lease liabilities on the balance

58

sheet and disclosing key information about leasing arrangements. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those annual periods and is to be implemented utilizing a modified retrospective approach. The Company expects that this ASU will gross up the assets and liabilities on the balance sheet related to the lease assets and liabilities and also reclass a portion of the lease expense to interest expense rather than occupancy expense.

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, 2015.

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.

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 March 31, 2016 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 March 31, 2016, that have materially affected, or are reasonably likely to materially affect, the Company’s internal controls over financial reporting.

59

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, 2015 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

	Issuer Purchases of Equity Securities
Period	(a) Total number of shares purchased	(b) Average price paid per share		(c) Total number of shares purchased as part of publicly announced plans	(d) Maximum approximate dollar value of shares that may yet be purchased under the plans
January 1 - 31, 2016	—	$	—	—	$	—
February 1 - 29, 2016	—	—		—	20,000,000
March 1 - 31, 2016	245,000	11.22		245,000	17,245,121
Total	245,000	$	11.22	245,000	$	17,245,121

_________________

Shares purchased pursuant to the repurchase plan announced in the Company’s 2015 Annual Report on Form 10-K, filed with the SEC on February 26, 2016. The Company received a notice of non-objection from the Federal Reserve for a share repurchase program of up to $20 million of the Company’s outstanding common shares. Under the program, shares may be repurchased from time to time in the open market for a two-year period. The Company’s board of directors approved the program, subject to regulatory non-objection, on January 27, 2016.

Item 3.     Defaults Upon Senior Securities

None.

Item 4.     Mine Safety Disclosures

Not applicable.

Item 5.     Other Information

None.

60

Item 6.     Exhibits

(a) Exhibits

Exhibit No.	Description	Incorporated by Reference			Filed or Furnished with this 10-Q
		Form	SEC Filing Date	Exhibit Number
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

61

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
May 5, 2016	Clayton G. Deutsch
	Chief Executive Officer
	/s/ DAVID J. KAYE
May 5, 2016	David J. Kaye
	Executive Vice President, Chief Financial and Administrative Officer

62

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: May 5, 2016	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: May 5, 2016	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 endedMarch 31, 2016 (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: May 5, 2016

*     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 endedMarch 31, 2016 (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: May 5, 2016

*     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

Document and Entity Information Document - shares	3 Months Ended
	Mar. 31, 2016	May. 02, 2016
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	Mar. 31, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		82,941,914

XML

Consolidated Balance Sheets Statement - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Assets:
Cash and cash equivalents	$ 113,946	$ 238,694
Investment securities available-for-sale (amortized cost of $1,135,880 and $1,084,105 at March 31, 2016 and December 31, 2015, respectively)	1,151,529	1,084,510
Investment securities held-to-maturity (fair value of $112,861 and $116,384 at March 31, 2016 and December 31, 2015, respectively)	111,337	116,352
Stock in Federal Home Loan Banks	34,202	35,181
Loans held for sale	5,383	8,072
Total loans	5,658,181	5,719,212
Less: Allowance for loan losses	76,427	78,500
Net loans	5,581,754	5,640,712
Other real estate owned (“OREO”)	98	776
Premises and equipment, net	31,575	31,036
Goodwill	152,082	152,082
Intangible assets, net	31,422	33,007
Fees receivable	11,041	11,258
Accrued interest receivable	17,590	17,950
Deferred income taxes, net	43,164	51,699
Other assets	128,540	121,179
Total assets	7,413,663	7,542,508
Liabilities:
Deposits	5,786,860	6,040,437
Securities sold under agreements to repurchase	63,182	58,215
Federal funds purchased	40,000	0
Federal Home Loan Bank borrowings	523,952	461,324
Junior subordinated debentures	106,363	106,363
Other liabilities	114,223	111,468
Total liabilities	6,634,580	6,777,807
Redeemable Noncontrolling Interests	16,938	18,088
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 March 31, 2016 and December 31, 2015; liquidation preference: $1,000 per share	47,753	47,753
Common stock, $1.00 par value; authorized: 170,000,000 shares; issued and outstanding: 83,023,755 shares at March 31, 2016 and 83,410,961 shares at December 31, 2015	83,024	83,411
Additional paid-in capital	599,825	600,670
Retained earnings	21,740	12,886
Accumulated other comprehensive income/ (loss)	6,687	(1,500)
Total Company's shareholders’ equity	759,029	743,220
Noncontrolling interests	3,116	3,393
Total shareholders' equity	762,145	746,613
Total liabilities, redeemable noncontrolling interests and shareholders’ equity	$ 7,413,663	$ 7,542,508

XML

Consolidated Balance Sheets Parentheticals - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Investment securities available for sale at amortized cost	$ 1,135,880	$ 1,084,105
Investment securities held to maturity at fair value	$ 112,861	$ 116,384
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	83,023,755	83,410,961
Common Stock, Shares, Outstanding	83,023,755	83,410,961
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

XML

Consolidated Statements of Operations - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Interest and dividend income:
Loans		$ 50,046	$ 48,000
Taxable investment securities		1,594	995
Non-taxable investment securities		1,390	1,021
Mortgage-backed securities		3,065	2,614
Federal funds sold and other		507	234
Total interest and dividend income		56,602	52,864
Interest expense:
Deposits		4,182	3,892
Federal Home Loan Bank borrowings		1,953	1,931
Junior subordinated debentures		578	956
Repurchase agreements and other short-term borrowings		10	13
Total interest expense		6,723	6,792
Net interest income		49,879	46,072
Provision/ (credit) for loan losses		(3,133)	(2,500)
Net interest income after provision/ (credit) for loan losses		53,012	48,572
Fees and other income:
Investment management fees		10,658	11,714
Wealth advisory fees		12,712	12,675
Wealth management and trust fees		10,916	13,558
Other banking fee income		3,233	1,910
Gain on sale of loans, net		209	303
Gain on sale of investments, net		1	8
Gain/ (loss) on OREO, net		280	89
Other		13	1,088
Total fees and other income		38,022	41,345
Operating expense:
Salaries and employee benefits		42,560	42,127
Occupancy and equipment		9,587	9,035
Professional services		3,515	3,021
Marketing and business development		2,170	1,348
Contract services and data processing		1,679	1,437
Amortization of intangibles		1,586	1,602
FDIC insurance		1,020	1,011
Restructuring		1,112	0
Other		3,480	3,846
Total operating expense		66,709	63,427
Income before income taxes		24,325	26,490
Income tax expense		7,438	8,572
Net income from continuing operations		16,887	17,918
Net income from discontinued operations	[1]	2,065	2,094
Net income before attrubution to noncontrolling interests		18,952	20,012
Less: Net income attributable to noncontrolling interests		911	1,229
Net income attributable to the Company		18,041	18,783
Adjustments to net income attributable to the Company to arrive at net income attributable to common shareholders		(4)	(43)
Other Preferred Stock Dividends and Adjustments	[1]	(289)	(963)
Net income attributable to common shareholders for earnings per share calculation	[1]	$ 17,752	$ 17,820
Basic earnings per share attributable to common shareholders:
From continuing operations:		$ 0.19	$ 0.19
From discontinued operations:		0.03	0.03
Total attributable to common shareholders:		0.22	0.22
Diluted earnings per share attributable to common shareholders:
From continuing operations:		0.19	0.19
From discontinued operations:		0.02	0.02
Total attributable to common shareholders:		$ 0.21	$ 0.21
Common Stock [Member]
Basic earnings per share attributable to common shareholders:
Weighted average basic common shares outstanding		81,301,499	80,514,359
Diluted earnings per share attributable to common shareholders:
Weighted average diluted common shares outstanding	[1],[2]	83,455,763	82,935,928
Wealth Management and Trust Segment [Member]
Fees and other income:
Total fees and other income		$ 11,056	$ 13,957
Operating expense:
Amortization of intangibles		745	571
Total operating expense	[3]	15,852	12,331
Income before income taxes		(4,796)	1,626
Income tax expense		(1,939)	694
Net income from continuing operations		(2,857)	932
Net income attributable to the Company		$ (2,857)	$ 932

[1] The Company presents its EPS based on the treasury stock method. The Company reverted to the treasury stock presentation from the two-class presentation due to the immaterial number of participating shares outstanding as of March 31, 2016. If the EPS presentation had been based on the two-class method, the following adjustments would have been made to the presentation of EPS for the three months ended March 31, 2016. Net income attributable to common shareholders would have been reduced by an additional $4 thousand, and the allocation of net income to participating securities would have been $6 thousand, reducing net income attributable to common shareholders by a total of $10 thousand. Basic EPS would not change. Weighted average diluted shared outstanding would have been reduced by 37,298 shares. Diluted EPS would not change.If the EPS presentation had been based on the two-class method, the following adjustments would have been made to the presentation of EPS for the three months ended March 31, 2015. Net income attributable to common shareholders would have been reduced by an additional $43 thousand, and the allocation of net income to participating securities would have been $60 thousand, reducing net income attributable to common shareholders by a total of $103 thousand. Basic EPS would not change. Weighted average diluted shared outstanding would have been reduced by 341,603 shares. Diluted EPS would not change.

[2] The diluted EPS computations for the three months ended March 31, 2016 and 2015 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 March 31,(In thousands)2016 2015Shares 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 securities387 660Total shares excluded due to exercise price exceeding the average market price of common shares during the period387 660

[3] Operating expense for 2016 includes $1.1 million in restructuring expenses related to the Wealth Management and Trust segment. Operating expense for 2015 includes no restructuring expenses.

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Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net income attributable to the Company	$ 18,041	$ 18,783
Other comprehensive income/ (loss), net of tax [Abstract]
Unrealized gain/ (loss) on securities available for sale	9,088	2,331
Reclassification adjustment for net realized gain/ (loss) included in net income	1	5
Net unrealized gain/ (loss) on securities available for sale	9,087	2,326
Unrealized gain/ (loss) on cash flow hedges	(1,146)	(1,100)
Reclassification adjustment for net realized gain/ (loss) included in net income	(246)	(591)
Net change in unrealized gain/ (loss) on cash flow hedges	(900)	(509)
Net unrealized gain/ (loss) on other	0	0
Other comprehensive income/ (loss), net of tax	8,187	1,817
Total comprehensive income/ (loss), attributable to the Company, net	$ 26,228	$ 20,600

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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, 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	18,783	0	0	0	18,783	0	0
Other comprehensive income/ (loss), net of tax	1,817	0	0	0	0	1,817	0
Dividends paid to common shareholders: $0.09 per share	(7,424)	0	0	(7,424)	0	0	0
Dividends paid to preferred shareholders	(869)	0	0	(869)	0	0	0
Net Change in Noncontrolling Interests	2,215	0	0	0	0	0	2,215
Net proceeds from issuance of [Abstract]
Net proceeds from issuance of common stock	679	0	59	620	0	0	0
Issuance of shares through incentive stock grants, net of shares forfeited, canceled, or withheld for employee taxes, value	(229)	0	(9)	(220)	0	0	0
Amortization of stock compensation and employee stock purchase plan	1,779	0	0	1,779	0	0	0
Stock options exercised	290	0	40	250	0	0	0
Tax benefit/ (deficiency) from certain stock compensation awards	(415)	0	0	(415)	0	0	0
Other equity adjustments	(478)	0	0	(478)	0	0	0
Ending Balance at Mar. 31, 2015	720,059	47,753	83,052	604,146	(18,613)	1,120	2,601
Beginning Balance at Dec. 31, 2015	746,613	47,753	83,411	600,670	12,886	(1,500)	3,393
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to the Company	18,041	0	0	0	18,041	0	0
Other comprehensive income/ (loss), net of tax	8,187	0	0	0	0	8,187	0
Dividends paid to common shareholders: $0.09 per share	(8,318)	0	0	0	(8,318)	0	0
Dividends paid to preferred shareholders	(869)	0	0	0	(869)	0	0
Net Change in Noncontrolling Interests	(277)	0	0	0	0	0	(277)
Stock Repurchased During Period, Value	(2,750)	0	(245)	(2,505)	0	0	0
Net proceeds from issuance of [Abstract]
Net proceeds from issuance of common stock	739	0	77	662	0	0	0
Issuance of shares through incentive stock grants, net of shares forfeited, canceled, or withheld for employee taxes, value	(161)	0	(257)	96	0	0	0
Amortization of stock compensation and employee stock purchase plan	(442)	0	0	(442)	0	0	0
Stock options exercised	281	0	38	243	0	0	0
Tax benefit/ (deficiency) from certain stock compensation awards	(658)	0	0	(658)	0	0	0
Other equity adjustments	1,759	0	0	1,759	0	0	0
Ending Balance at Mar. 31, 2016	$ 762,145	$ 47,753	$ 83,024	$ 599,825	$ 21,740	$ 6,687	$ 3,116

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Consolidated Statements of Stockholders' Equity Parentheticals - $ / shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Common Stock, Dividends, Per Share, Cash Paid	$ 0.10	$ 0.09
Shares of common stock issued	76,596	59,315
Stock Repurchased During Period, Shares	(245,000)	0
Stock Issued During Period, Shares, Share-based Compensation, Gross	51,810	87,960
Stock Issued During Period, Shares, Share-based Compensation, Forfeited	(294,524)	(78,643)
Shares of stock withheld for employee taxes	(14,480)	(18,194)

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Consolidated Statements of Cash Flows - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income attributable to the Company		$ 18,041	$ 18,783
Adjustments to arrive at net income from continuing operations [Abstract]
Net income attributable to noncontrolling interests		911	1,229
Less: Net income from discontinued operations	[1]	(2,065)	(2,094)
Net income from continuing operations		16,887	17,918
Adjustments to reconcile net income from continuing operations to net cash provided by/(used in) operating activities:
Depreciation and amortization		5,196	5,587
Net income attributable to noncontrolling interests		(911)	(1,229)
Equity issued as compensation, net of cancellations		(442)	1,779
Provision/ (credit) for loan losses		(3,133)	(2,500)
Loans originated for sale		(18,411)	(38,131)
Proceeds from sale of loans held for sale		21,309	34,963
Deferred income tax expense/ (benefit)		2,348	314
Net decrease/ (increase) in other operating activities		(4,163)	(11,047)
Net cash provided by/ (used in) operating activities of continuing operations		18,680	7,654
Net cash provided by/ (used in) operating activities of discontinued operations		2,065	2,094
Net cash provided by/ (used in) operating activities		20,745	9,748
Investment securities available for sale:
Purchases		(100,759)	(180,244)
Sales		15,292	5,015
Maturities, calls, redemptions, and principal payments		32,051	35,572
Investment securities held to maturity:
Purchases		0	0
Principal payments		4,851	5,543
(Investments)/ distributions in trusts, net		(240)	(322)
(Purchase)/ redemption of Federal Home Loan Banks stock		979	(480)
Net (increase)/ decrease in portfolio loans		57,880	(25,485)
Proceeds from recoveries of loans previously charged-off		4,076	3,979
Proceeds from sale of OREO		958	0
Capital expenditures, net of sale proceeds		(2,284)	(504)
Net cash provided by/ (used in) investing activities of continuing operations		12,804	(156,926)
Net cash provided by/ (used in) investing activities		12,804	(156,926)
Cash flows from financing activities:
Net increase/ (decrease) in deposits		(253,577)	(80,472)
Net increase/ (decrease) in securities sold under agreements to repurchase		4,967	21,741
Net increase/ (decrease) in federal funds purchased		40,000	50,000
Net increase/ (decrease) in short-term Federal Home Loan Bank borrowings		70,000	70,000
Advances of long-term Federal Home Loan Bank borrowings		25,800	10,000
Repayments of long-term Federal Home Loan Bank borrowings		(33,172)	(128)
Dividends paid to common shareholders		(8,318)	(7,424)
Dividends paid to preferred shareholders		(869)	(869)
Payments for Repurchase of Common Stock		(2,750)	0
Payments Related to Tax Withholding for Share-based Compensation		(658)	(415)
Proceeds from stock option exercises		281	290
Proceeds from issuance of common stock, net		578	450
Distributions paid to noncontrolling interests		(846)	(1,060)
Other equity adjustments		267	574
Net cash provided by/ (used in) financing activities of continuing operations		(158,297)	62,687
Net cash provided by/ (used in) financing activities		(158,297)	62,687
Net increase/ (decrease) in cash and cash equivalents		(124,748)	(84,491)
Cash and cash equivalents at beginning of year		238,694	172,609
Cash and cash equivalents at end of period		113,946	88,118
Supplementary schedule of non-cash investing and financing activities:
Cash paid for interest		6,717	6,574
Cash paid for income taxes, net of (refunds received)		3,785	1,890
Net unrealized gain/ (loss) on securities available for sale, net of tax		9,087	2,326
Net unrealized gain/ (loss) on cash flow hedges, net of tax		(900)	(509)
Net unrealized gain/ (loss) on other, net of tax		0	0
Loans charged-off		$ (3,016)	$ (54)

[1] The Company presents its EPS based on the treasury stock method. The Company reverted to the treasury stock presentation from the two-class presentation due to the immaterial number of participating shares outstanding as of March 31, 2016. If the EPS presentation had been based on the two-class method, the following adjustments would have been made to the presentation of EPS for the three months ended March 31, 2016. Net income attributable to common shareholders would have been reduced by an additional $4 thousand, and the allocation of net income to participating securities would have been $6 thousand, reducing net income attributable to common shareholders by a total of $10 thousand. Basic EPS would not change. Weighted average diluted shared outstanding would have been reduced by 37,298 shares. Diluted EPS would not change.If the EPS presentation had been based on the two-class method, the following adjustments would have been made to the presentation of EPS for the three months ended March 31, 2015. Net income attributable to common shareholders would have been reduced by an additional $43 thousand, and the allocation of net income to participating securities would have been $60 thousand, reducing net income attributable to common shareholders by a total of $103 thousand. Basic EPS would not change. Weighted average diluted shared outstanding would have been reduced by 341,603 shares. Diluted EPS would not change.

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Basis of Presentation and Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2016

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 Area, and Southern California.

The Wealth Management and Trust segment is comprised of the operations of Boston Private Wealth LLC (“Boston Private Wealth”), a wholly-owned subsidiary of Boston Private Bank, and the trust operations of Boston Private Bank. 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; Madison, Wisconsin; and the Washington, D.C. area.

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, 2015, 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, 2015, as filed with the SEC. For interim reporting purposes, the Company follows the same significant accounting policies.

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Earnings Per Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Earnings Per Share

The treasury stock method of calculating earnings per share (“EPS”) is presented below for the three months ended March 31, 2016 and 2015. The following tables present the computations of basic and diluted EPS:

	Three months ended March 31,
	2016			2015
(In thousands, except share and per share data)
Basic earnings per share - Numerator:
Net income from continuing operations	$	16,887		$	17,918
Less: Net income attributable to noncontrolling interests	911			1,229
Net income from continuing operations attributable to the Company	15,976			16,689
Decrease/ (increase) in noncontrolling interests’ redemption values (1)	580			(94		)
Dividends on preferred stock	(869		)	(869		)
Total adjustments to income attributable to common shareholders (2)	(289		)	(963		)
Net income from continuing operations attributable to common shareholders, treasury stock method (2)	15,687			15,726
Net income from discontinued operations (2)	2,065			2,094
Net income attributable to common shareholders, treasury stock method (2)	$	17,752		$	17,820
Basic earnings per share - Denominator:
Weighted average basic common shares outstanding	81,301,499			80,514,359
Per share data - Basic earnings per share from:
Continuing operations	$	0.19		$	0.19
Discontinued operations	$	0.03		$	0.03
Total attributable to common shareholders	$	0.22		$	0.22

	Three months ended March 31,
	2016		2015
(In thousands, except share and per share data)
Diluted earnings per share - Numerator:
Net income from continuing operations attributable to common shareholders, after assumed dilution (2)	$	15,687	$	15,726
Net income from discontinued operations	2,065		2,094
Net income attributable to common shareholders, after assumed dilution	$	17,752	$	17,820
Diluted earnings per share - Denominator:
Weighted average basic common shares outstanding	81,301,499		80,514,359
Dilutive effect of:
Stock options and performance-based and time-based restricted stock (2), (3)	1,224,325		1,269,211
Warrants to purchase common stock (3)	929,939		1,152,358
Dilutive common shares	2,154,264		2,421,569
Weighted average diluted common shares outstanding (2), (3)	83,455,763		82,935,928
Per share data - Diluted earnings per share from:
Continuing operations	$	0.19	$	0.19
Discontinued operations	$	0.02	$	0.02
Total attributable to common shareholders	$	0.21	$	0.21
Dividends per share declared and paid on common stock	$	0.10	$	0.09

_____________________

(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, 2015 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 Company presents its EPS based on the treasury stock method. The Company reverted to the treasury stock presentation from the two-class presentation due to the immaterial number of participating shares outstanding as of March 31, 2016. If the EPS presentation had been based on the two-class method, the following adjustments would have been made to the presentation of EPS for the three months ended March 31, 2016. Net income attributable to common shareholders would have been reduced by an additional $4 thousand, and the allocation of net income to participating securities would have been $6 thousand, reducing net income attributable to common shareholders by a total of $10 thousand. Basic EPS would not change. Weighted average diluted shared outstanding would have been reduced by 37,298 shares. Diluted EPS would not change.

If the EPS presentation had been based on the two-class method, the following adjustments would have been made to the presentation of EPS for the three months ended March 31, 2015. Net income attributable to common shareholders would have been reduced by an additional $43 thousand, and the allocation of net income to participating securities would have been $60 thousand, reducing net income attributable to common shareholders by a total of $103 thousand. Basic EPS would not change. Weighted average diluted shared outstanding would have been reduced by 341,603 shares. Diluted EPS would not change.

(3) The diluted EPS computations for the three months ended March 31, 2016 and 2015 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 March 31,
(In thousands)	2016	2015
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	387	660
Total shares excluded due to exercise price exceeding the average market price of common shares during the period	387	660

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Reportable Segments

3 Months Ended

Mar. 31, 2016

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, 2015.

Revenues, expenses, and assets are recorded by each segment, and separate financial statements are reviewed by their management and the Company’s segment chief executive officers.

Reconciliation of Reportable Segment Items

The following tables present a reconciliation of the revenues, profits, assets, and other significant items of reportable segments as of and for the three months ended March 31, 2016 and 2015. Interest expense on junior subordinated debentures is reported at the Holding Company.

	Three months ended March 31,
	2016			2015
Private Banking	(In thousands)
Net interest income	$	50,420		$	46,990
Fees and other income	3,378			2,784
Total revenues	53,798			49,774
Provision/ (credit) for loan losses	(3,133		)	(2,500		)
Operating expense	31,275			28,805
Income before income taxes	25,656			23,469
Income tax expense	8,374			7,768
Net income from continuing operations	17,282			15,701
Net income attributable to the Company	$	17,282		$	15,701
Assets	$	7,250,371		$	6,688,472
Amortization of intangibles	$	—		$	46
Depreciation	$	1,146		$	1,205

	Three months ended March 31,
	2016			2015
Wealth Management and Trust	(In thousands)
Fees and other income	$	11,056		$	13,957
Operating expense (1)	15,852			12,331
Income/ (loss) before income taxes	(4,796		)	1,626
Income tax expense/ (benefit)	(1,939		)	694
Net income/ (loss) from continuing operations	(2,857		)	932
Net income/ (loss) attributable to the Company	$	(2,857	)	$	932
Assets	$	84,253		$	79,139
AUM	$	7,137,000		$	9,305,000
Amortization of intangibles	$	745		$	571
Depreciation	$	231		$	187

	Three months ended March 31,
	2016		2015
Investment Management	(In thousands)
Net interest income	$	4	$	6
Fees and other income	10,659		11,722
Total revenues	10,663		11,728
Operating expense	8,024		8,686
Income before income taxes	2,639		3,042
Income tax expense	879		1,002
Net income from continuing operations	1,760		2,040
Noncontrolling interests	477		637
Net income attributable to the Company	$	1,283	$	1,403
Assets	$	93,396	$	101,036
AUM	$	9,838,000	$	10,730,000
Amortization of intangibles	$	650	$	739
Depreciation	$	73	$	70

	Three months ended March 31,
	2016		2015
Wealth Advisory	(In thousands)
Net interest income	$	3	$	2
Fees and other income	12,742		12,707
Total revenues	12,745		12,709
Operating expense	9,694		9,132
Income before income taxes	3,051		3,577
Income tax expense	1,148		1,321
Net income from continuing operations	1,903		2,256
Noncontrolling interests	434		588
Net income attributable to the Company	$	1,469	$	1,668
Assets	$	74,901	$	76,042
AUM	$	9,857,000	$	10,012,000
Amortization of intangibles	$	191	$	246
Depreciation	$	215	$	211

	Three months ended March 31,
	2016			2015
Holding Company and Eliminations	(In thousands)
Net interest income	$	(548	)	$	(926	)
Fees and other income	187			175
Total revenues	(361		)	(751		)
Operating expense	1,864			4,473
Income/ (loss) before income taxes	(2,225		)	(5,224		)
Income tax expense/ (benefit)	(1,024		)	(2,213		)
Net income/ (loss) from continuing operations	(1,201		)	(3,011		)
Noncontrolling interests	—			4
Discontinued operations (2)	2,065			2,094
Net income/ (loss) attributable to the Company	$	864		$	(921	)
Assets	$	(89,258	)	$	(74,917	)
AUM	$	(21,000	)	$	(22,000	)
Depreciation	$	11		$	31

	Three months ended March 31,
	2016			2015
Total Company	(In thousands)
Net interest income	$	49,879		$	46,072
Fees and other income	38,022			41,345
Total revenues	87,901			87,417
Provision/ (credit) for loan losses	(3,133		)	(2,500		)
Operating expense	66,709			63,427
Income before income taxes	24,325			26,490
Income tax expense	7,438			8,572
Net income from continuing operations	16,887			17,918
Noncontrolling interests	911			1,229
Discontinued operations	2,065			2,094
Net income attributable to the Company	$	18,041		$	18,783
Assets	$	7,413,663		$	6,869,772
AUM	$	26,811,000		$	30,025,000
Amortization of intangibles	$	1,586		$	1,602
Depreciation	$	1,676		$	1,704

____________

(1) Operating expense for 2016 includes $1.1 million in restructuring expenses related to the Wealth Management and Trust segment. Operating expense for 2015 includes no restructuring expenses.

(2) Net income from discontinued operations for the three month periods ended March 31, 2016 and 2015 of $2.1 million in both periods is included in Holding Company and Eliminations in the calculation of net income attributable to the Company.

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Investments

3 Months Ended

Mar. 31, 2016

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 March 31, 2016
Available-for-sale securities at fair value:
U.S. government and agencies	$	30,911	$	481	$	(4	)	$	31,388
Government-sponsored entities	344,945		5,585		—			350,530
Municipal bonds	264,375		7,334		(95		)	271,614
Mortgage-backed securities (1)	477,488		3,657		(1,595		)	479,550
Other	18,161		291		(5		)	18,447
Total	$	1,135,880	$	17,348	$	(1,699	)	$	1,151,529
Held-to-maturity securities at amortized cost:
Mortgage-backed securities (1)	$	111,337	$	1,524	$	—		$	112,861
Total	$	111,337	$	1,524	$	—		$	112,861
As of December 31, 2015
Available-for-sale securities at fair value:
U.S. government and agencies	$	21,214	$	64	$	(27	)	$	21,251
Government-sponsored entities	345,033		874		(1,345		)	344,562
Municipal bonds	263,661		5,099		(116		)	268,644
Mortgage-backed securities (1)	431,446		1,329		(5,734		)	427,041
Other	22,751		268		(7		)	23,012
Total	$	1,084,105	$	7,634	$	(7,229	)	$	1,084,510
Held-to-maturity securities at amortized cost:
Mortgage-backed securities (1)	$	116,352	$	294	$	(262	)	$	116,384
Total	$	116,352	$	294	$	(262	)	$	116,384

___________________

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

The following table presents the maturities of available-for-sale investment securities, based on contractual maturity, as of March 31, 2016. Certain securities are callable before their final maturity. Additionally, certain securities (such as mortgage-backed securities) are shown within the table below based on their final (contractual) maturity, but due to prepayments and amortization are expected to have shorter lives.

	Available-for-sale Securities
	Amortized cost		Fair value
	(In thousands)
Within one year	$	78,573	$	78,999
After one, but within five years	339,665		345,000
After five, but within ten years	199,337		203,373
Greater than ten years	518,305		524,157
Total	$	1,135,880	$	1,151,529

The following table presents the maturities of held-to-maturity investment securities, based on contractual maturity, as of March 31, 2016.

	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	111,337		112,861
Total	$	111,337	$	112,861

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

	Three months ended March 31,
	2016			2015
	(In thousands)
Proceeds from sales	$	15,292		$	5,015
Realized gains	2			8
Realized losses	(1		)	—

The following table presents information regarding securities as of March 31, 2016 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	$	—	$	—		$	729	$	(4	)	$	729	$	(4	)	2
Government-sponsored entities	—		—			—		—			—		—			—
Municipal bonds	10,635		(29		)	2,772		(66		)	13,407		(95		)	10
Mortgage-backed securities (1)	26,422		(150		)	101,846		(1,445		)	128,268		(1,595		)	38
Other	70		(3		)	12		(2		)	82		(5		)	9
Total	$	37,127	$	(182	)	$	105,359	$	(1,517	)	$	142,486	$	(1,699	)	59
Held-to-maturity securities
Mortgage-backed securities (1)	$	—	$	—		$	—	$	—		$	—	$	—		—
Total	$	—	$	—		$	—	$	—		$	—	$	—		—

___________________

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

The U.S. government and agencies securities, and mortgage-backed securities in the table above had current Standard and Poor’s credit ratings of AA+. The municipal bonds in the table above had current Standard and Poor’s credit ratings of at least AA. The other securities consisted of equity securities. At March 31, 2016, the Company does not consider these investments other-than-temporarily impaired because the decline in fair value on investments is primarily attributed to changes in interest rates and not credit quality.

At March 31, 2016 and 2015, the amount of investment securities in an unrealized loss position greater than 12 months, as well as in total, was primarily due to changes in interest rates. The Company has no intent to sell any securities in an unrealized loss position at March 31, 2016 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. Subsequent to March 31, 2016 and through the date of the filing of this Annual Report on Form 10-Q, no securities were downgraded to below investment grade, nor were any securities in an unrealized loss position sold.

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 March 31, 2016 or December 31, 2015. 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 $26.5 million and $27.7 million in cost method investments included in other assets as of March 31, 2016 and December 31, 2015, respectively.

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Fair Value Measurements

3 Months Ended

Mar. 31, 2016

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 March 31, 2016 and December 31, 2015, aggregated by the level in the fair value hierarchy within which those measurements fall:

	As of March 31, 2016		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	$	31,388	$	30,659	$	729	$	—
Government-sponsored entities	350,530		—		350,530		—
Municipal bonds	271,614		—		271,614		—
Mortgage-backed securities	479,550		—		479,550		—
Other	18,447		18,447		—		—
Total available-for-sale securities	1,151,529		49,106		1,102,423		—
Derivatives - interest rate customer swaps	16,952		—		16,952		—
Derivatives - risk participation agreement	16		—		16		—
Other investments	5,842		5,842		—		—
Liabilities:
Derivatives - interest rate customer swaps	$	17,682	$	—	$	17,682	$	—
Derivatives - interest rate swaps	3,437		—		3,437		—
Derivatives - risk participation agreement	20		—		20		—
Other liabilities	5,842		5,842		—		—

			Fair value measurements at reporting date using:
	As of December 31, 2015		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	$	21,251	$	20,251	$	1,000	$	—
Government-sponsored entities	344,562		—		344,562		—
Municipal bonds	268,644		—		268,644		—
Mortgage-backed securities	427,041		—		427,041		—
Other	23,012		23,012		—		—
Total available-for-sale securities	1,084,510		43,263		1,041,247		—
Derivatives - interest rate customer swaps	7,960		—		7,960		—
Other investments	5,602		5,602		—		—
Liabilities:
Derivatives - interest rate customer swaps	$	8,084	$	—	$	8,084	$	—
Derivatives - interest rate swaps	1,907		—		1,907		—
Derivatives - risk participation agreement	11		—		11		—
Other liabilities	5,602		5,602		—		—

As of March 31, 2016 and December 31, 2015, 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. Four U.S. Treasury securities at March 31, 2016 and three U.S. Treasury securities at December 31, 2015, 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 March 31, 2016 or December 31, 2015 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 junior subordinated debenture interest rate swap agreement matured on December 30, 2015. 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 March 31, 2016 and December 31, 2015. 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 March 31, 2016 and December 31, 2015.

Other investments, which are not considered available-for-sale investments, consist of deferred compensation trusts, 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 March 31, 2016 and December 31, 2015. The remaining other investments categorized as Level 2 consist of the Company’s cost-method investments as of March 31, 2016 and December 31, 2015.

There were no Level 3 assets at March 31, 2016 or December 31, 2015.

The following tables present the Company’s assets and liabilities measured at fair value on a non-recurring basis during the periods ended March 31, 2016 and 2015, respectively, aggregated by the level in the fair value hierarchy within which those measurements fall:

	As of March 31, 2016		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 March 31, 2016
	(In thousands)
Assets:
Impaired loans (1)	$	2,428	$	—	$	—	$	2,428	$	(1,564	)

___________________

(1) Collateral-dependent impaired loans held at March 31, 2016 that had write-downs in fair value or whose specific reserve changed during the first three months of 2016.

	As of March 31, 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 March 31, 2015
	(In thousands)
Assets:
Impaired loans (1)	$	757	$	—	$	—	$	757	$	—

________________

(1) Collateral-dependent impaired loans held at March 31, 2015 that had write-downs in fair value or whose specific reserve changed during the first three months of 2015.

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 March 31, 2016
	Fair Value		Valuation technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	2,428	Appraisals of Collateral	Discount for costs to sell	0% - 7%	5%
				Appraisal adjustments	10% - 33%	16%

	As of March 31, 2015
	Fair Value		Valuation technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	757	Appraisals of Collateral	Discount for costs to sell	11%	11%
				Appraisal adjustments	0%	—%

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 March 31, 2016
	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	$	113,946	$	113,946	$	113,946	$	—	$	—
Held-to-maturity investment securities	111,337		112,861		—		112,861		—
Loans held for sale	5,383		5,490		—		5,490		—
Loans, net	5,581,754		5,643,839		—		—		5,643,839
Other financial assets	116,982		116,982		—		116,982		—
FINANCIAL LIABILITIES:
Deposits	5,786,860		5,788,934		—		5,788,934		—
Securities sold under agreements to repurchase	63,182		63,182		—		63,182		—
Federal Funds purchased	40,000		40,000		—		40,000		—
Federal Home Loan Bank borrowings	523,952		529,789		—		529,789		—
Junior subordinated debentures	106,363		96,363		—		—		96,363
Other financial liabilities	2,013		2,013		—		2,013		—

	As of December 31, 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	$	238,694	$	238,694	$	238,694	$	—	$	—
Held-to-maturity investment securities	116,352		116,384		—		116,384		—
Loans held for sale	8,072		8,144		—		8,144		—
Loans, net	5,640,712		5,658,254		—		—		5,658,254
Other financial assets	118,233		118,233		—		118,233		—
FINANCIAL LIABILITIES:
Deposits	6,040,437		6,041,239		—		6,041,239		—
Securities sold under agreements to repurchase	58,215		58,215		—		58,215		—
Federal Home Loan Bank borrowings	461,324		465,100		—		465,100		—
Junior subordinated debentures	106,363		96,363		—		—		96,363
Other financial liabilities	1,978		1,978		—		1,978		—

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.

Held-to-maturity investment securities

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 is 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 and deferred compensation for which the carrying amount approximates fair value and are classified as Level 2.

Financial instruments with off-balance sheet risk

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

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Loan Portfolio and Credit Quality

3 Months Ended

Mar. 31, 2016

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 Area, 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 Area, and Southern California economies and real estate markets.

Total loans include deferred loan origination (fees)/ costs, net, of $5.9 million and $5.6 million as of March 31, 2016 and December 31, 2015, respectively.

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

	March 31, 2016		December 31, 2015
	(In thousands)
Commercial and industrial	$	1,069,971	$	1,111,555
Commercial real estate	1,925,519		1,914,134
Construction and land	166,674		183,434
Residential	2,216,875		2,229,540
Home equity	118,807		119,828
Consumer and other	160,335		160,721
Total Loans	$	5,658,181	$	5,719,212

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

	March 31, 2016		December 31, 2015
	(In thousands)
Commercial and industrial	$	1,306	$	1,019
Commercial real estate	11,035		11,232
Construction and land	2,850		3,297
Residential	7,831		9,661
Home equity	1,301		1,306
Consumer and other	33		56
Total	$	24,356	$	26,571

The Bank’s policy is to discontinue the accrual of interest on a loan when the collectability of principal or interest is in doubt. In certain instances, although infrequent, loans that have become 90 days or more past due may remain on accrual status if the value of the collateral securing the loan is sufficient to cover principal and interest and the loan is in the process of collection. There were no loans 90 days or more past due, but still accruing, as of March 31, 2016 and December 31, 2015. 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:

	March 31, 2016
	Accruing Past Due						Nonaccrual Loans
	30-59 Days Past Due		60-89 Days 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	$	341	$	—	$	341	$	1,306	$	—	$	—	$	1,306	$	1,068,324	$	1,069,971
Commercial real estate	40		—		40		4,277		—		6,758		11,035		1,914,444		1,925,519
Construction and land	—		—		—		129		19		2,702		2,850		163,824		166,674
Residential	7,628		—		7,628		1,008		2,150		4,673		7,831		2,201,416		2,216,875
Home equity	12		—		12		—		88		1,213		1,301		117,494		118,807
Consumer and other	253		33		286		15		7		11		33		160,016		160,335
Total	$	8,274	$	33	$	8,307	$	6,735	$	2,264	$	15,357	$	24,356	$	5,625,518	$	5,658,181

	December 31, 2015
	Accruing Past Due						Nonaccrual Loans
	30-59 Days Past Due		60-89 Days 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	$	2,329	$	338	$	2,667	$	726	$	—	$	293	$	1,019	$	1,107,869	$	1,111,555
Commercial real estate	2,091		529		2,620		5,912		—		5,320		11,232		1,900,282		1,914,134
Construction and land	—		—		—		149		34		3,114		3,297		180,137		183,434
Residential	6,267		873		7,140		924		874		7,863		9,661		2,212,739		2,229,540
Home equity	40		—		40		217		—		1,089		1,306		118,482		119,828
Consumer and other	235		392		627		24		9		23		56		160,038		160,721
Total	$	10,962	$	2,132	$	13,094	$	7,952	$	917	$	17,702	$	26,571	$	5,679,547	$	5,719,212

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, 2015, 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:

	March 31, 2016
	By Loan Grade or Nonaccrual Status
	Pass		Special Mention		Accruing Substandard		Nonaccrual Loans		Total
	(In thousands)
Commercial and industrial	$	1,025,215	$	32,547	$	10,903	$	1,306	$	1,069,971
Commercial real estate	1,841,174		39,792		33,518		11,035		1,925,519
Construction and land	146,326		12,898		4,600		2,850		166,674
Residential	2,202,376		—		6,668		7,831		2,216,875
Home equity	117,506		—		—		1,301		118,807
Consumer and other	158,612		1,688		2		33		160,335
Total	$	5,491,209	$	86,925	$	55,691	$	24,356	$	5,658,181

	December 31, 2015
	By Loan Grade or Nonaccrual Status
	Pass		Special Mention		Accruing Substandard		Nonaccrual Loans		Total
	(In thousands)
Commercial and industrial	$	1,070,438	$	28,643	$	11,455	$	1,019	$	1,111,555
Commercial real estate	1,841,603		27,594		33,705		11,232		1,914,134
Construction and land	162,563		12,974		4,600		3,297		183,434
Residential	2,213,204		—		6,675		9,661		2,229,540
Home equity	118,522		—		—		1,306		119,828
Consumer and other	158,686		—		1,979		56		160,721
Total	$	5,565,016	$	69,211	$	58,414	$	26,571	$	5,719,212

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 months ended March 31, 2016
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	2,446	$	4,431	n/a		$	2,132	$	12
Commercial real estate	11,900		20,038		n/a		12,017		38
Construction and land	2,850		4,446		n/a		1,520		—
Residential	6,821		7,181		n/a		7,071		57
Home equity	—		—		n/a		—		—
Consumer and other	—		—		n/a		—		—
Subtotal	24,017		36,096		n/a		22,740		107
With an allowance recorded:
Commercial and industrial	48		48		$	23	22		1
Commercial real estate	7,299		7,728		671		7,323		80
Construction and land	—		—		—		1,650		—
Residential	5,578		5,578		473		6,192		43
Home equity	—		—		—		—		—
Consumer and other	—		—		—		—		—
Subtotal	12,925		13,354		1,167		15,187		124
Total:
Commercial and industrial	2,494		4,479		23		2,154		13
Commercial real estate	19,199		27,766		671		19,340		118
Construction and land	2,850		4,446		—		3,170		—
Residential	12,399		12,759		473		13,263		100
Home equity	—		—		—		—		—
Consumer and other	—		—		—		—		—
Total	$	36,942	$	49,450	$	1,167	$	37,927	$	231

___________________

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

	As of and for the three months ended March 31, 2015
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	191	$	255	n/a		$	1,555	$	807
Commercial real estate	19,059		25,414		n/a		20,753		894
Construction and land	1,272		2,290		n/a		7,190		92
Residential	9,191		9,978		n/a		9,526		78
Home equity	50		50		n/a		50		1
Consumer and other	1,007		1,007		n/a		1,007		—
Subtotal	30,770		38,994		n/a		40,081		1,872
With an allowance recorded:
Commercial and industrial	941		961		$	78	991		34
Commercial real estate	8,995		9,423		2,543		9,036		92
Construction and land	2,200		2,356		172		2,200		—
Residential	7,536		7,887		1,311		7,103		49
Home equity	—		—		—		—		—
Consumer and other	—		—		—		—		—
Subtotal	19,672		20,627		4,104		19,330		175
Total:
Commercial and industrial	1,132		1,216		78		2,546		841
Commercial real estate	28,054		34,837		2,543		29,789		986
Construction and land	3,472		4,646		172		9,390		92
Residential	16,727		17,865		1,311		16,629		127
Home equity	50		50		—		50		1
Consumer and other	1,007		1,007		—		1,007		—
Total	$	50,442	$	59,621	$	4,104	$	59,411	$	2,047

___________________

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

	As of and for the year ended December 31, 2015
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	2,259	$	2,569	n/a		$	1,638	$	836
Commercial real estate	12,116		20,113		n/a		17,885		1,494
Construction and land	1,097		2,132		n/a		3,027		92
Residential	7,788		8,576		n/a		9,384		269
Home equity	—		—		n/a		42		2
Consumer and other	—		—		n/a		545		61
Subtotal	23,260		33,390		n/a		32,521		2,754
With an allowance recorded:
Commercial and industrial	15		15		$	270	657		66
Commercial real estate	7,346		7,775		713		8,749		385
Construction and land	2,200		2,356		172		2,200		—
Residential	6,351		6,966		474		6,940		186
Home equity	—		—		—		—		—
Consumer and other	—		—		—		—		—
Subtotal	15,912		17,112		1,629		18,546		637
Total:
Commercial and industrial	2,274		2,584		270		2,295		902
Commercial real estate	19,462		27,888		713		26,634		1,879
Construction and land	3,297		4,488		172		5,227		92
Residential	14,139		15,542		474		16,324		455
Home equity	—		—		—		42		2
Consumer and other	—		—		—		545		61
Total	$	39,172	$	50,502	$	1,629	$	51,067	$	3,391

___________________

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

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

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

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

The Bank may, under certain circumstances, restructure loans as a concession to borrowers who are experiencing financial difficulty. Such loans are classified as TDRs and are included in impaired loans. TDRs typically result from the Bank’s loss mitigation activities which, among other things, could include rate reductions, payment extensions, and/or principal forgiveness. As of March 31, 2016 and December 31, 2015, TDRs totaled $28.9 million and $30.6 million, respectively. As of March 31, 2016, $17.9 million of the $28.9 million in TDRs were on accrual status. As of December 31, 2015, $18.6 million of the $30.6 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 March 31, 2016
	Restructured current quarter					TDRs that defaulted in the current quarter that were restructured in prior twelve months
	# of Loans	Pre- modification recorded investment		Post- modification recorded investment		# of Loans	Post- modification recorded investment
	(Dollars in thousands)
Commercial and industrial	1	$	175	$	—	—	$	—
Commercial real estate	—	—		—		—	—
Construction and land	—	—		—		—	—
Residential	1	145		145		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	2	$	320	$	145	—	$	—

	As of and for the three months ended March 31, 2016
	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	$	—
Commercial real estate	—	—		—	—		—	—		—	—		—	—
Construction and land	—	—		—	—		—	—		—	—		—	—
Residential	—	—		1	145		—	—		—	—		1	145
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 March 31, 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	—	—		—		—	—
Construction and land	—	—		—		—	—
Residential	6	382		382		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	6	$	382	$	382	—	$	—

	As of and for the three months ended March 31, 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	—	—		—	—		—	—		—	—		—	—
Construction and land	—	—		—	—		—	—		—	—		—	—
Residential	—	—		6	382		—	—		—	—		6	382
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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Allowance for Loan Losses

3 Months Ended

Mar. 31, 2016

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 $76.4 million and $78.5 million at March 31, 2016 and December 31, 2015, 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 March 31,
	2016			2015
	(In thousands)
Allowance for loan losses, beginning of period:
Commercial and industrial	$	15,814		$	14,114
Commercial real estate	44,215			43,854
Construction and land	6,322			4,041
Residential	10,544			10,374
Home equity	1,085			1,003
Consumer and other	520			382
Unallocated (1)	—			2,070
Total allowance for loan losses, beginning of period	78,500			75,838
Provision/ (credit) for loan losses:
Commercial and industrial	(657		)	(1,981		)
Commercial real estate	(1,847		)	(933		)
Construction and land	(998		)	227
Residential	591			72
Home equity	(6		)	13
Consumer and other	(216		)	130
Unallocated	—			(28		)
Total provision/(credit) for loan losses	(3,133		)	(2,500		)
Loans charged-off:
Commercial and industrial	(2,108		)	—
Commercial real estate	—			—
Construction and land	(400		)	—
Residential	(501		)	(49		)
Home equity	—			—
Consumer and other	(7		)	(5		)
Total charge-offs	(3,016		)	(54		)
Recoveries on loans previously charged-off:
Commercial and industrial	1,294			2,204
Commercial real estate	2,151			631
Construction and land	627			1,143
Residential	—			—
Home equity	—			—
Consumer and other	4			1
Total recoveries	4,076			3,979

	As of and for the three months ended March 31,
	2016		2015
	(In thousands)
Allowance for loan losses at end of period:
Commercial and industrial	14,343		14,337
Commercial real estate	44,519		43,552
Construction and land	5,551		5,411
Residential	10,634		10,397
Home equity	1,079		1,016
Consumer and other	301		508
Unallocated (1)	—		2,042
Total allowance for loan losses at end of period	$	76,427	$	77,263

______________________

(1) As of December 31, 2015, the unallocated reserve was allocated to the qualitative factors as part of the general reserves (ASC 450).

The following tables present the Company’s allowance for loan losses and loan portfolio at March 31, 2016 and December 31, 2015 by portfolio segment, disaggregated by method of impairment analysis. The Company had no loans acquired with deteriorated credit quality at March 31, 2016 or December 31, 2015.

	March 31, 2016
	Individually Evaluated for Impairment				Collectively Evaluated for Impairment				Total
	Recorded investment (loan balance)		Allowance for loan losses		Recorded investment (loan balance)		Allowance for loan losses		Recorded investment (loan balance)		Allowance for loan losses
	(In thousands)
Commercial and industrial	$	2,494	$	23	$	1,067,477	$	14,320	$	1,069,971	$	14,343
Commercial real estate	19,199		671		1,906,320		43,848		1,925,519		44,519
Construction and land	2,850		—		163,824		5,551		166,674		5,551
Residential	12,399		473		2,204,476		10,161		2,216,875		10,634
Home equity	—		—		118,807		1,079		118,807		1,079
Consumer	—		—		160,335		301		160,335		301
Total	$	36,942	$	1,167	$	5,621,239	$	75,260	$	5,658,181	$	76,427

	December 31, 2015
	Individually Evaluated for Impairment				Collectively Evaluated for Impairment				Total
	Recorded investment (loan balance)		Allowance for loan losses		Recorded investment (loan balance)		Allowance for loan losses		Recorded investment (loan balance)		Allowance for loan losses
	(In thousands)
Commercial and industrial	$	2,274	$	270	$	1,109,281	$	15,544	$	1,111,555	$	15,814
Commercial real estate	19,462		713		1,894,672		43,502		1,914,134		44,215
Construction and land	3,297		172		180,137		6,150		183,434		6,322
Residential	14,139		474		2,215,401		10,070		2,229,540		10,544
Home equity	—		—		119,828		1,085		119,828		1,085
Consumer	—		—		160,721		520		160,721		520
Total	$	39,172	$	1,629	$	5,680,040	$	76,871	$	5,719,212	$	78,500

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Derivatives and Hedging Activities

3 Months Ended

Mar. 31, 2016

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 March 31, 2016 and December 31, 2015:

	March 31, 2016							December 31, 2015
	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	$	(3,437	)	Other assets	$	—	Other liabilities	$	(1,907	)
Derivatives not designated as hedging instruments:
Interest rate products (2)	Other assets	16,968		Other liabilities	(17,702		)	Other assets	7,960		Other liabilities	(8,095		)
Total		$	16,968		$	(21,139	)		$	7,960		$	(10,002	)

___________________

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

(2) Includes Risk Participation Agreements.

The following table presents the effect of the Company’s derivative financial instruments in the consolidated statements of operations for the three months ended March 31, 2016 and 2015:

Derivatives in cash flow hedging relationships	Amount of gain or (loss) recognized in OCI on derivatives (effective portion) (1)						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 March 31,							three months ended March 31,
	2016			2015				2016			2015
(In thousands)
Interest rate products (2)	$	(1,948	)	$	(1,873	)	Interest expense	$	(461	)	$	(1,018	)
Total	$	(1,948	)	$	(1,873	)		$	(461	)	$	(1,018	)

___________________

(1)     There was no ineffective portion as of March 31, 2016 or 2015.

(2)    Includes Risk Participation Agreements.

The following table presents the components of the Company’s accumulated other comprehensive income/ (loss) related to the derivatives for the three months ended March 31, 2016 and 2015:

	Three months ended March 31,
	2016			2015
	(In thousands)
Accumulated other comprehensive income/ (loss) on cash flow hedges, balance at beginning of period	$	(1,123	)	$	(1,923	)
Net change in unrealized gain/ (loss) on cash flow hedges	(900		)	(509		)
Accumulated other comprehensive income/ (loss) on cash flow hedges, balance at end of period	$	(2,023	)	$	(2,432	)

The Bank has agreements with their derivative counterparties that contain provisions where, if the Bank defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Bank could also be declared in default on its derivative obligations. The Bank was in compliance with these provisions as of March 31, 2016 and December 31, 2015.

The Bank also has agreements with certain of their derivative counterparties that contain provisions where, if the Bank fails to maintain its status as a well- or adequately-capitalized institution, then the counterparty could terminate the derivative positions and the Bank would be required to settle its obligations under the agreements. The Bank was in compliance with these provisions as of March 31, 2016 and December 31, 2015.

Certain of the Bank’s agreements with their derivative counterparties contain provisions where if specified events or conditions occur that materially change the Bank’s creditworthiness in an adverse manner, the Bank may be required to fully collateralize their obligations under the derivative instruments. The Bank was in compliance with these provisions as of March 31, 2016 and December 31, 2015.

As of March 31, 2016 and December 31, 2015, the termination amounts related to collateral determinations of derivatives in a liability position was $21.1 million and $9.7 million, respectively. The Company has minimum collateral posting thresholds with its derivative counterparties and pledged securities with a market value of $19.9 million and $9.8 million, respectively, as of March 31, 2016 and December 31, 2015, against its obligations under these agreements. In addition, as of December 31, 2015, the Company had posted cash collateral of $2.0 million against its obligations under these agreements. The collateral posted is typically greater than the current liability position. However, due to timing of liability position changes at period end, the funding of a collateral shortfall may take place shortly following period end.

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 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. There was no hedge ineffectiveness during the three months ended March 31, 2016 or 2015. 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 $1.6 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 in ASC 815-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 March 31, 2016 and December 31, 2015, the Bank had 100 and 76 derivatives, respectively, related to this program, comprised of interest rate swaps and caps, with an aggregate notional amount of $672.7 million and $475.3 million, respectively. As of March 31, 2016 the Bank had one derivative with an aggregate notional amount of $0.1 million in a foreign currency exchange contract outstanding related to this program. There were no foreign currency exchange contracts outstanding related to this program as of December 31, 2015.

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 March 31, 2016 and December 31, 2015.

The Bank has also participated out to another financial institution a pro-rated portion of a swap executed by the Bank. The other financial institution has no obligations under the risk participation agreement unless the borrower defaults on their swap transaction with the Bank and the swap is in a liability position to the borrower. In that instance, the other financial institution has agreed to pay the 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 $1.9 million as of March 31, 2016. There were no risk participation agreements participated out as of December 31, 2015.

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 months ended March 31, 2016 and 2015.

		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 March 31,
		2016			2015
		(In thousands)
Interest rate products	Other income/ (expense)	$	(605	)	$	(6	)
Other products (1)	Other income/ (expense)	6			40
Total		$	(599	)	$	34

___________________

(1)     Risk Participation Agreements.

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Income Taxes

3 Months Ended

Mar. 31, 2016

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:

	Three months ended March 31,
	2016			2015
	(In thousands)
Income from continuing operations:
Income before income taxes	$	24,325		$	26,490
Income tax expense	7,438			8,572
Net income from continuing operations	$	16,887		$	17,918
Effective tax rate, continuing operations	30.6		%	32.4		%
Income from discontinued operations:
Income before income taxes	$	3,530		$	3,663
Income tax expense	1,465			1,569
Net income from discontinued operations	$	2,065		$	2,094
Effective tax rate, discontinued operations	41.5		%	42.8		%
Less: Income attributable to noncontrolling interests:
Income before income taxes	$	911		$	1,229
Income tax expense	—			—
Net income attributable to noncontrolling interests	$	911		$	1,229
Effective tax rate, noncontrolling interests	—		%	—		%
Income attributable to the Company
Income before income taxes	$	26,944		$	28,924
Income tax expense	8,903			10,141
Net income attributable to the Company	$	18,041		$	18,783
Effective tax rate attributable to the Company	33.0		%	35.1		%

The effective tax rate for continuing operations for the three months ended March 31, 2016 of 30.6%, with related tax expense of $7.4 million, was calculated based on a projected 2016 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 three months ended March 31, 2015 of 32.4%, with related tax expense of $8.6 million, was calculated based on a projected 2015 annual effective tax rate. The effective tax rate was less than the statutory rate of 35% due primarily to earnings from tax-exempt investments, income tax credits, and income attributable to noncontrolling interests. These items were partially offset by state and local income taxes.

The effective tax rate for continuing operations for the three months ended March 31, 2016 is lower than the effective tax rate for the same period in 2015 due primarily to a projected increase in earnings from tax-exempt investments and lower projected income for the full year of 2016, as compared to the similar projections as of March 31, 2015 for the full year of 2015.

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Noncontrolling Interests

3 Months Ended

Mar. 31, 2016

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 $0.9 million and $1.2 million for the three month periods ended March 31, 2016 and 2015, 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 $16.9 million and $18.1 million at March 31, 2016 and December 31, 2015, 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 $3.4 million in noncontrolling interests included in permanent shareholder’s equity at March 31, 2016 and December 31, 2015, 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, 2015.

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:

	March 31, 2016		December 31, 2015
	(In thousands)
Anchor	$	11,725	$	11,907
BOS	6,079		6,744
DGHM (1)	2,250		2,830
Total	$	20,054	$	21,481
Redeemable noncontrolling interests	$	16,938	$	18,088
Noncontrolling interests	$	3,116	$	3,393

______________

(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
	March 31, 2016
	Redeemable noncontrolling interests			Noncontrolling interests
	(In thousands)
Noncontrolling interests at beginning of period	$	18,088		$	3,393
Net income attributable to noncontrolling interests	718			193
Distributions	(616		)	(242		)
Purchases/ (sales) of ownership interests	142			—
Amortization of equity compensation	111			132
Adjustments to fair value	(1,505		)	(360		)
Noncontrolling interests at end of period	$	16,938		$	3,116

	Three months ended
	March 31, 2015
	Redeemable noncontrolling interests			Noncontrolling interests
	(In thousands)
Noncontrolling interests at beginning of period	$	20,905		$	386
Net income attributable to noncontrolling interests	1,080			149
Distributions	(1,055		)	(136		)
Purchases/ (sales) of ownership interests	—			419
Transfers of ownership interests from mezzanine to permanent equity	(1,652		)	1,652
Amortization of equity compensation	—			118
Adjustments to fair value	633			13
Noncontrolling interests at end of period	$	19,911		$	2,601

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Accumulated Other Comprehensive Income (Notes)

3 Months Ended

Mar. 31, 2016

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 months ended March 31, 2016 and 2015:

Description of component of accumulated other comprehensive income/ (loss)	Three months ended March 31,						Affected line item in Statement of Operations
	2016			2015
	(In thousands)
Adjustment for realized gains/ (losses) on available-for-sale securities, net:
Pre-tax	$	1		$	8		Gain on sale of investments, net
Tax expense/ (benefit)	—			3			Income tax expense
Net	$	1		$	5		Net income attributable to the Company
Net realized gain/ (loss) on cash flow hedges:
Hedge related to junior subordinated debentures:
Pre-tax	$	—		$	(471	)	Interest expense on junior subordinated debentures
Tax expense/ (benefit)	—			(202		)	Income tax expense
Net	$	—		$	(269	)	Net income attributable to the Company
Hedges related to deposits:
Pre-tax	$	(461	)	$	(547	)	Interest expense on deposits
Pre-tax	42			—			Other income
Tax expense/ (benefit)	(173		)	(225		)	Income tax expense
Net	$	(246	)	$	(322	)	Net income attributable to the Company
Total reclassifications for the period, net of tax	$	(245	)	$	(586	)

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Restructuring

3 Months Ended

Mar. 31, 2016

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

Restructuring

In the fourth quarter of 2014, the Company incurred restructuring charges related to the acquisition of Banyan Partners, LLC. 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 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 charges in 2015 was $3.7 million.

In Q1 2016, the Company incurred additional costs of $1.1 million in continued refinement of the management structure within the Wealth Management and Trust segment. The Company anticipates additional restructuring costs related to this plan but, as of the date of this filing, has not specifically identified or estimated such costs.

Restructuring expenses incurred since the plan of restructuring was first implemented in 2014 totaled $5.6 million, all within the Wealth Management and Trust segment.

The following table presents a summary of the restructuring activity for the three months ended March 31, 2016 and 2015:

	Severance Charges			Total
	(In thousands)
Accrued charges at December 31, 2015	$	3,305		$	3,305
Costs incurred	1,112			1,112
Costs paid	(849		)	(849		)
Accrued charges at March 31, 2016	$	3,568		$	3,568
Accrued charges at December 31, 2014	$	739		$	739
Costs incurred	—			—
Costs paid	(489		)	(489		)
Accrued charges at March 31, 2015	$	250		$	250

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Recent Accounting Pronouncements

3 Months Ended

Mar. 31, 2016

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.

In March 2016, the FASB issued ASU 2016-09, Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. This update is intended to simplify several aspects of the accounting for employee share-based plans such as income tax consequences, classification of awards as either liabilities or equity on the balance sheet, and classification on the statement of cash flows. This ASU is effective for fiscal years beginning after December 15, 2016, including interim periods within those years. Although early adoption is permitted, the Company does not plan on adopting prior to 2017. The Company does not expect that this ASU will have a material effect on its consolidated financial statements although fluctuations in the Company’s stock price between issuance date and settlement date of employee share-based transactions will lead to fluctuations in earnings once this ASU is implemented.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This ASU update is intended to increase transparency and comparability among companies by recognizing right of use lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those annual periods and is to be implemented utilizing a modified retrospective approach. The Company expects that this ASU will gross up the assets and liabilities on the balance sheet related to the lease assets and liabilities and also reclass a portion of the lease expense to interest expense rather than occupancy expense.

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Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2016

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 March 31,
	2016			2015
(In thousands, except share and per share data)
Basic earnings per share - Numerator:
Net income from continuing operations	$	16,887		$	17,918
Less: Net income attributable to noncontrolling interests	911			1,229
Net income from continuing operations attributable to the Company	15,976			16,689
Decrease/ (increase) in noncontrolling interests’ redemption values (1)	580			(94		)
Dividends on preferred stock	(869		)	(869		)
Total adjustments to income attributable to common shareholders (2)	(289		)	(963		)
Net income from continuing operations attributable to common shareholders, treasury stock method (2)	15,687			15,726
Net income from discontinued operations (2)	2,065			2,094
Net income attributable to common shareholders, treasury stock method (2)	$	17,752		$	17,820
Basic earnings per share - Denominator:
Weighted average basic common shares outstanding	81,301,499			80,514,359
Per share data - Basic earnings per share from:
Continuing operations	$	0.19		$	0.19
Discontinued operations	$	0.03		$	0.03
Total attributable to common shareholders	$	0.22		$	0.22

	Three months ended March 31,
	2016		2015
(In thousands, except share and per share data)
Diluted earnings per share - Numerator:
Net income from continuing operations attributable to common shareholders, after assumed dilution (2)	$	15,687	$	15,726
Net income from discontinued operations	2,065		2,094
Net income attributable to common shareholders, after assumed dilution	$	17,752	$	17,820
Diluted earnings per share - Denominator:
Weighted average basic common shares outstanding	81,301,499		80,514,359
Dilutive effect of:
Stock options and performance-based and time-based restricted stock (2), (3)	1,224,325		1,269,211
Warrants to purchase common stock (3)	929,939		1,152,358
Dilutive common shares	2,154,264		2,421,569
Weighted average diluted common shares outstanding (2), (3)	83,455,763		82,935,928
Per share data - Diluted earnings per share from:
Continuing operations	$	0.19	$	0.19
Discontinued operations	$	0.02	$	0.02
Total attributable to common shareholders	$	0.21	$	0.21
Dividends per share declared and paid on common stock	$	0.10	$	0.09

_____________________

(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, 2015 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 Company presents its EPS based on the treasury stock method. The Company reverted to the treasury stock presentation from the two-class presentation due to the immaterial number of participating shares outstanding as of March 31, 2016. If the EPS presentation had been based on the two-class method, the following adjustments would have been made to the presentation of EPS for the three months ended March 31, 2016. Net income attributable to common shareholders would have been reduced by an additional $4 thousand, and the allocation of net income to participating securities would have been $6 thousand, reducing net income attributable to common shareholders by a total of $10 thousand. Basic EPS would not change. Weighted average diluted shared outstanding would have been reduced by 37,298 shares. Diluted EPS would not change.

If the EPS presentation had been based on the two-class method, the following adjustments would have been made to the presentation of EPS for the three months ended March 31, 2015. Net income attributable to common shareholders would have been reduced by an additional $43 thousand, and the allocation of net income to participating securities would have been $60 thousand, reducing net income attributable to common shareholders by a total of $103 thousand. Basic EPS would not change. Weighted average diluted shared outstanding would have been reduced by 341,603 shares. Diluted EPS would not change.

(3) The diluted EPS computations for the three months ended March 31, 2016 and 2015 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 March 31,
(In thousands)	2016	2015
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	387	660
Total shares excluded due to exercise price exceeding the average market price of common shares during the period	387	660

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Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2016

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 months ended March 31, 2016 and 2015. Interest expense on junior subordinated debentures is reported at the Holding Company.

	Three months ended March 31,
	2016			2015
Private Banking	(In thousands)
Net interest income	$	50,420		$	46,990
Fees and other income	3,378			2,784
Total revenues	53,798			49,774
Provision/ (credit) for loan losses	(3,133		)	(2,500		)
Operating expense	31,275			28,805
Income before income taxes	25,656			23,469
Income tax expense	8,374			7,768
Net income from continuing operations	17,282			15,701
Net income attributable to the Company	$	17,282		$	15,701
Assets	$	7,250,371		$	6,688,472
Amortization of intangibles	$	—		$	46
Depreciation	$	1,146		$	1,205

	Three months ended March 31,
	2016			2015
Wealth Management and Trust	(In thousands)
Fees and other income	$	11,056		$	13,957
Operating expense (1)	15,852			12,331
Income/ (loss) before income taxes	(4,796		)	1,626
Income tax expense/ (benefit)	(1,939		)	694
Net income/ (loss) from continuing operations	(2,857		)	932
Net income/ (loss) attributable to the Company	$	(2,857	)	$	932
Assets	$	84,253		$	79,139
AUM	$	7,137,000		$	9,305,000
Amortization of intangibles	$	745		$	571
Depreciation	$	231		$	187

	Three months ended March 31,
	2016		2015
Investment Management	(In thousands)
Net interest income	$	4	$	6
Fees and other income	10,659		11,722
Total revenues	10,663		11,728
Operating expense	8,024		8,686
Income before income taxes	2,639		3,042
Income tax expense	879		1,002
Net income from continuing operations	1,760		2,040
Noncontrolling interests	477		637
Net income attributable to the Company	$	1,283	$	1,403
Assets	$	93,396	$	101,036
AUM	$	9,838,000	$	10,730,000
Amortization of intangibles	$	650	$	739
Depreciation	$	73	$	70

	Three months ended March 31,
	2016		2015
Wealth Advisory	(In thousands)
Net interest income	$	3	$	2
Fees and other income	12,742		12,707
Total revenues	12,745		12,709
Operating expense	9,694		9,132
Income before income taxes	3,051		3,577
Income tax expense	1,148		1,321
Net income from continuing operations	1,903		2,256
Noncontrolling interests	434		588
Net income attributable to the Company	$	1,469	$	1,668
Assets	$	74,901	$	76,042
AUM	$	9,857,000	$	10,012,000
Amortization of intangibles	$	191	$	246
Depreciation	$	215	$	211

	Three months ended March 31,
	2016			2015
Holding Company and Eliminations	(In thousands)
Net interest income	$	(548	)	$	(926	)
Fees and other income	187			175
Total revenues	(361		)	(751		)
Operating expense	1,864			4,473
Income/ (loss) before income taxes	(2,225		)	(5,224		)
Income tax expense/ (benefit)	(1,024		)	(2,213		)
Net income/ (loss) from continuing operations	(1,201		)	(3,011		)
Noncontrolling interests	—			4
Discontinued operations (2)	2,065			2,094
Net income/ (loss) attributable to the Company	$	864		$	(921	)
Assets	$	(89,258	)	$	(74,917	)
AUM	$	(21,000	)	$	(22,000	)
Depreciation	$	11		$	31

	Three months ended March 31,
	2016			2015
Total Company	(In thousands)
Net interest income	$	49,879		$	46,072
Fees and other income	38,022			41,345
Total revenues	87,901			87,417
Provision/ (credit) for loan losses	(3,133		)	(2,500		)
Operating expense	66,709			63,427
Income before income taxes	24,325			26,490
Income tax expense	7,438			8,572
Net income from continuing operations	16,887			17,918
Noncontrolling interests	911			1,229
Discontinued operations	2,065			2,094
Net income attributable to the Company	$	18,041		$	18,783
Assets	$	7,413,663		$	6,869,772
AUM	$	26,811,000		$	30,025,000
Amortization of intangibles	$	1,586		$	1,602
Depreciation	$	1,676		$	1,704

____________

(1) Operating expense for 2016 includes $1.1 million in restructuring expenses related to the Wealth Management and Trust segment. Operating expense for 2015 includes no restructuring expenses.

(2) Net income from discontinued operations for the three month periods ended March 31, 2016 and 2015 of $2.1 million in both periods is included in Holding Company and Eliminations in the calculation of net income attributable to the Company.

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Investments (Tables)

3 Months Ended

Mar. 31, 2016

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 March 31, 2016
Available-for-sale securities at fair value:
U.S. government and agencies	$	30,911	$	481	$	(4	)	$	31,388
Government-sponsored entities	344,945		5,585		—			350,530
Municipal bonds	264,375		7,334		(95		)	271,614
Mortgage-backed securities (1)	477,488		3,657		(1,595		)	479,550
Other	18,161		291		(5		)	18,447
Total	$	1,135,880	$	17,348	$	(1,699	)	$	1,151,529
Held-to-maturity securities at amortized cost:
Mortgage-backed securities (1)	$	111,337	$	1,524	$	—		$	112,861
Total	$	111,337	$	1,524	$	—		$	112,861
As of December 31, 2015
Available-for-sale securities at fair value:
U.S. government and agencies	$	21,214	$	64	$	(27	)	$	21,251
Government-sponsored entities	345,033		874		(1,345		)	344,562
Municipal bonds	263,661		5,099		(116		)	268,644
Mortgage-backed securities (1)	431,446		1,329		(5,734		)	427,041
Other	22,751		268		(7		)	23,012
Total	$	1,084,105	$	7,634	$	(7,229	)	$	1,084,510
Held-to-maturity securities at amortized cost:
Mortgage-backed securities (1)	$	116,352	$	294	$	(262	)	$	116,384
Total	$	116,352	$	294	$	(262	)	$	116,384

___________________

(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 available-for-sale investment securities, based on contractual maturity, as of March 31, 2016. Certain securities are callable before their final maturity. Additionally, certain securities (such as mortgage-backed securities) are shown within the table below based on their final (contractual) maturity, but due to prepayments and amortization are expected to have shorter lives.

	Available-for-sale Securities
	Amortized cost		Fair value
	(In thousands)
Within one year	$	78,573	$	78,999
After one, but within five years	339,665		345,000
After five, but within ten years	199,337		203,373
Greater than ten years	518,305		524,157
Total	$	1,135,880	$	1,151,529

The following table presents the maturities of held-to-maturity investment securities, based on contractual maturity, as of March 31, 2016.

	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	111,337		112,861
Total	$	111,337	$	112,861

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

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

	Three months ended March 31,
	2016			2015
	(In thousands)
Proceeds from sales	$	15,292		$	5,015
Realized gains	2			8
Realized losses	(1		)	—

Schedule of Unrealized Loss on Investments [Table Text Block]

The following table presents information regarding securities as of March 31, 2016 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	$	—	$	—		$	729	$	(4	)	$	729	$	(4	)	2
Government-sponsored entities	—		—			—		—			—		—			—
Municipal bonds	10,635		(29		)	2,772		(66		)	13,407		(95		)	10
Mortgage-backed securities (1)	26,422		(150		)	101,846		(1,445		)	128,268		(1,595		)	38
Other	70		(3		)	12		(2		)	82		(5		)	9
Total	$	37,127	$	(182	)	$	105,359	$	(1,517	)	$	142,486	$	(1,699	)	59
Held-to-maturity securities
Mortgage-backed securities (1)	$	—	$	—		$	—	$	—		$	—	$	—		—
Total	$	—	$	—		$	—	$	—		$	—	$	—		—

___________________

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

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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2016

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 March 31, 2016 and December 31, 2015, aggregated by the level in the fair value hierarchy within which those measurements fall:

	As of March 31, 2016		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	$	31,388	$	30,659	$	729	$	—
Government-sponsored entities	350,530		—		350,530		—
Municipal bonds	271,614		—		271,614		—
Mortgage-backed securities	479,550		—		479,550		—
Other	18,447		18,447		—		—
Total available-for-sale securities	1,151,529		49,106		1,102,423		—
Derivatives - interest rate customer swaps	16,952		—		16,952		—
Derivatives - risk participation agreement	16		—		16		—
Other investments	5,842		5,842		—		—
Liabilities:
Derivatives - interest rate customer swaps	$	17,682	$	—	$	17,682	$	—
Derivatives - interest rate swaps	3,437		—		3,437		—
Derivatives - risk participation agreement	20		—		20		—
Other liabilities	5,842		5,842		—		—

			Fair value measurements at reporting date using:
	As of December 31, 2015		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	$	21,251	$	20,251	$	1,000	$	—
Government-sponsored entities	344,562		—		344,562		—
Municipal bonds	268,644		—		268,644		—
Mortgage-backed securities	427,041		—		427,041		—
Other	23,012		23,012		—		—
Total available-for-sale securities	1,084,510		43,263		1,041,247		—
Derivatives - interest rate customer swaps	7,960		—		7,960		—
Other investments	5,602		5,602		—		—
Liabilities:
Derivatives - interest rate customer swaps	$	8,084	$	—	$	8,084	$	—
Derivatives - interest rate swaps	1,907		—		1,907		—
Derivatives - risk participation agreement	11		—		11		—
Other liabilities	5,602		5,602		—		—

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 March 31, 2016 and 2015, respectively, aggregated by the level in the fair value hierarchy within which those measurements fall:

	As of March 31, 2016		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 March 31, 2016
	(In thousands)
Assets:
Impaired loans (1)	$	2,428	$	—	$	—	$	2,428	$	(1,564	)

___________________

(1) Collateral-dependent impaired loans held at March 31, 2016 that had write-downs in fair value or whose specific reserve changed during the first three months of 2016.

	As of March 31, 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 March 31, 2015
	(In thousands)
Assets:
Impaired loans (1)	$	757	$	—	$	—	$	757	$	—

________________

(1) Collateral-dependent impaired loans held at March 31, 2015 that had write-downs in fair value or whose specific reserve changed during the first three months of 2015.

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 March 31, 2016
	Fair Value		Valuation technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	2,428	Appraisals of Collateral	Discount for costs to sell	0% - 7%	5%
				Appraisal adjustments	10% - 33%	16%

	As of March 31, 2015
	Fair Value		Valuation technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	757	Appraisals of Collateral	Discount for costs to sell	11%	11%
				Appraisal adjustments	0%	—%

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 March 31, 2016
	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	$	113,946	$	113,946	$	113,946	$	—	$	—
Held-to-maturity investment securities	111,337		112,861		—		112,861		—
Loans held for sale	5,383		5,490		—		5,490		—
Loans, net	5,581,754		5,643,839		—		—		5,643,839
Other financial assets	116,982		116,982		—		116,982		—
FINANCIAL LIABILITIES:
Deposits	5,786,860		5,788,934		—		5,788,934		—
Securities sold under agreements to repurchase	63,182		63,182		—		63,182		—
Federal Funds purchased	40,000		40,000		—		40,000		—
Federal Home Loan Bank borrowings	523,952		529,789		—		529,789		—
Junior subordinated debentures	106,363		96,363		—		—		96,363
Other financial liabilities	2,013		2,013		—		2,013		—

	As of December 31, 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	$	238,694	$	238,694	$	238,694	$	—	$	—
Held-to-maturity investment securities	116,352		116,384		—		116,384		—
Loans held for sale	8,072		8,144		—		8,144		—
Loans, net	5,640,712		5,658,254		—		—		5,658,254
Other financial assets	118,233		118,233		—		118,233		—
FINANCIAL LIABILITIES:
Deposits	6,040,437		6,041,239		—		6,041,239		—
Securities sold under agreements to repurchase	58,215		58,215		—		58,215		—
Federal Home Loan Bank borrowings	461,324		465,100		—		465,100		—
Junior subordinated debentures	106,363		96,363		—		—		96,363
Other financial liabilities	1,978		1,978		—		1,978		—

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Loan Portfolio and Credit Quality (Tables)

3 Months Ended

Mar. 31, 2016

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:

	March 31, 2016		December 31, 2015
	(In thousands)
Commercial and industrial	$	1,069,971	$	1,111,555
Commercial real estate	1,925,519		1,914,134
Construction and land	166,674		183,434
Residential	2,216,875		2,229,540
Home equity	118,807		119,828
Consumer and other	160,335		160,721
Total Loans	$	5,658,181	$	5,719,212

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:

	March 31, 2016		December 31, 2015
	(In thousands)
Commercial and industrial	$	1,306	$	1,019
Commercial real estate	11,035		11,232
Construction and land	2,850		3,297
Residential	7,831		9,661
Home equity	1,301		1,306
Consumer and other	33		56
Total	$	24,356	$	26,571

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:

	March 31, 2016
	Accruing Past Due						Nonaccrual Loans
	30-59 Days Past Due		60-89 Days 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	$	341	$	—	$	341	$	1,306	$	—	$	—	$	1,306	$	1,068,324	$	1,069,971
Commercial real estate	40		—		40		4,277		—		6,758		11,035		1,914,444		1,925,519
Construction and land	—		—		—		129		19		2,702		2,850		163,824		166,674
Residential	7,628		—		7,628		1,008		2,150		4,673		7,831		2,201,416		2,216,875
Home equity	12		—		12		—		88		1,213		1,301		117,494		118,807
Consumer and other	253		33		286		15		7		11		33		160,016		160,335
Total	$	8,274	$	33	$	8,307	$	6,735	$	2,264	$	15,357	$	24,356	$	5,625,518	$	5,658,181

	December 31, 2015
	Accruing Past Due						Nonaccrual Loans
	30-59 Days Past Due		60-89 Days 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	$	2,329	$	338	$	2,667	$	726	$	—	$	293	$	1,019	$	1,107,869	$	1,111,555
Commercial real estate	2,091		529		2,620		5,912		—		5,320		11,232		1,900,282		1,914,134
Construction and land	—		—		—		149		34		3,114		3,297		180,137		183,434
Residential	6,267		873		7,140		924		874		7,863		9,661		2,212,739		2,229,540
Home equity	40		—		40		217		—		1,089		1,306		118,482		119,828
Consumer and other	235		392		627		24		9		23		56		160,038		160,721
Total	$	10,962	$	2,132	$	13,094	$	7,952	$	917	$	17,702	$	26,571	$	5,679,547	$	5,719,212

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:

	March 31, 2016
	By Loan Grade or Nonaccrual Status
	Pass		Special Mention		Accruing Substandard		Nonaccrual Loans		Total
	(In thousands)
Commercial and industrial	$	1,025,215	$	32,547	$	10,903	$	1,306	$	1,069,971
Commercial real estate	1,841,174		39,792		33,518		11,035		1,925,519
Construction and land	146,326		12,898		4,600		2,850		166,674
Residential	2,202,376		—		6,668		7,831		2,216,875
Home equity	117,506		—		—		1,301		118,807
Consumer and other	158,612		1,688		2		33		160,335
Total	$	5,491,209	$	86,925	$	55,691	$	24,356	$	5,658,181

	December 31, 2015
	By Loan Grade or Nonaccrual Status
	Pass		Special Mention		Accruing Substandard		Nonaccrual Loans		Total
	(In thousands)
Commercial and industrial	$	1,070,438	$	28,643	$	11,455	$	1,019	$	1,111,555
Commercial real estate	1,841,603		27,594		33,705		11,232		1,914,134
Construction and land	162,563		12,974		4,600		3,297		183,434
Residential	2,213,204		—		6,675		9,661		2,229,540
Home equity	118,522		—		—		1,306		119,828
Consumer and other	158,686		—		1,979		56		160,721
Total	$	5,565,016	$	69,211	$	58,414	$	26,571	$	5,719,212

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 months ended March 31, 2016
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	2,446	$	4,431	n/a		$	2,132	$	12
Commercial real estate	11,900		20,038		n/a		12,017		38
Construction and land	2,850		4,446		n/a		1,520		—
Residential	6,821		7,181		n/a		7,071		57
Home equity	—		—		n/a		—		—
Consumer and other	—		—		n/a		—		—
Subtotal	24,017		36,096		n/a		22,740		107
With an allowance recorded:
Commercial and industrial	48		48		$	23	22		1
Commercial real estate	7,299		7,728		671		7,323		80
Construction and land	—		—		—		1,650		—
Residential	5,578		5,578		473		6,192		43
Home equity	—		—		—		—		—
Consumer and other	—		—		—		—		—
Subtotal	12,925		13,354		1,167		15,187		124
Total:
Commercial and industrial	2,494		4,479		23		2,154		13
Commercial real estate	19,199		27,766		671		19,340		118
Construction and land	2,850		4,446		—		3,170		—
Residential	12,399		12,759		473		13,263		100
Home equity	—		—		—		—		—
Consumer and other	—		—		—		—		—
Total	$	36,942	$	49,450	$	1,167	$	37,927	$	231

___________________

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

	As of and for the three months ended March 31, 2015
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	191	$	255	n/a		$	1,555	$	807
Commercial real estate	19,059		25,414		n/a		20,753		894
Construction and land	1,272		2,290		n/a		7,190		92
Residential	9,191		9,978		n/a		9,526		78
Home equity	50		50		n/a		50		1
Consumer and other	1,007		1,007		n/a		1,007		—
Subtotal	30,770		38,994		n/a		40,081		1,872
With an allowance recorded:
Commercial and industrial	941		961		$	78	991		34
Commercial real estate	8,995		9,423		2,543		9,036		92
Construction and land	2,200		2,356		172		2,200		—
Residential	7,536		7,887		1,311		7,103		49
Home equity	—		—		—		—		—
Consumer and other	—		—		—		—		—
Subtotal	19,672		20,627		4,104		19,330		175
Total:
Commercial and industrial	1,132		1,216		78		2,546		841
Commercial real estate	28,054		34,837		2,543		29,789		986
Construction and land	3,472		4,646		172		9,390		92
Residential	16,727		17,865		1,311		16,629		127
Home equity	50		50		—		50		1
Consumer and other	1,007		1,007		—		1,007		—
Total	$	50,442	$	59,621	$	4,104	$	59,411	$	2,047

___________________

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

	As of and for the year ended December 31, 2015
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	2,259	$	2,569	n/a		$	1,638	$	836
Commercial real estate	12,116		20,113		n/a		17,885		1,494
Construction and land	1,097		2,132		n/a		3,027		92
Residential	7,788		8,576		n/a		9,384		269
Home equity	—		—		n/a		42		2
Consumer and other	—		—		n/a		545		61
Subtotal	23,260		33,390		n/a		32,521		2,754
With an allowance recorded:
Commercial and industrial	15		15		$	270	657		66
Commercial real estate	7,346		7,775		713		8,749		385
Construction and land	2,200		2,356		172		2,200		—
Residential	6,351		6,966		474		6,940		186
Home equity	—		—		—		—		—
Consumer and other	—		—		—		—		—
Subtotal	15,912		17,112		1,629		18,546		637
Total:
Commercial and industrial	2,274		2,584		270		2,295		902
Commercial real estate	19,462		27,888		713		26,634		1,879
Construction and land	3,297		4,488		172		5,227		92
Residential	14,139		15,542		474		16,324		455
Home equity	—		—		—		42		2
Consumer and other	—		—		—		545		61
Total	$	39,172	$	50,502	$	1,629	$	51,067	$	3,391

___________________

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

The following tables present the Company’s allowance for loan losses and loan portfolio at March 31, 2016 and December 31, 2015 by portfolio segment, disaggregated by method of impairment analysis. The Company had no loans acquired with deteriorated credit quality at March 31, 2016 or December 31, 2015.

	March 31, 2016
	Individually Evaluated for Impairment				Collectively Evaluated for Impairment				Total
	Recorded investment (loan balance)		Allowance for loan losses		Recorded investment (loan balance)		Allowance for loan losses		Recorded investment (loan balance)		Allowance for loan losses
	(In thousands)
Commercial and industrial	$	2,494	$	23	$	1,067,477	$	14,320	$	1,069,971	$	14,343
Commercial real estate	19,199		671		1,906,320		43,848		1,925,519		44,519
Construction and land	2,850		—		163,824		5,551		166,674		5,551
Residential	12,399		473		2,204,476		10,161		2,216,875		10,634
Home equity	—		—		118,807		1,079		118,807		1,079
Consumer	—		—		160,335		301		160,335		301
Total	$	36,942	$	1,167	$	5,621,239	$	75,260	$	5,658,181	$	76,427

	December 31, 2015
	Individually Evaluated for Impairment				Collectively Evaluated for Impairment				Total
	Recorded investment (loan balance)		Allowance for loan losses		Recorded investment (loan balance)		Allowance for loan losses		Recorded investment (loan balance)		Allowance for loan losses
	(In thousands)
Commercial and industrial	$	2,274	$	270	$	1,109,281	$	15,544	$	1,111,555	$	15,814
Commercial real estate	19,462		713		1,894,672		43,502		1,914,134		44,215
Construction and land	3,297		172		180,137		6,150		183,434		6,322
Residential	14,139		474		2,215,401		10,070		2,229,540		10,544
Home equity	—		—		119,828		1,085		119,828		1,085
Consumer	—		—		160,721		520		160,721		520
Total	$	39,172	$	1,629	$	5,680,040	$	76,871	$	5,719,212	$	78,500

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 March 31, 2016
	Restructured current quarter					TDRs that defaulted in the current quarter that were restructured in prior twelve months
	# of Loans	Pre- modification recorded investment		Post- modification recorded investment		# of Loans	Post- modification recorded investment
	(Dollars in thousands)
Commercial and industrial	1	$	175	$	—	—	$	—
Commercial real estate	—	—		—		—	—
Construction and land	—	—		—		—	—
Residential	1	145		145		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	2	$	320	$	145	—	$	—

	As of and for the three months ended March 31, 2016
	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	$	—
Commercial real estate	—	—		—	—		—	—		—	—		—	—
Construction and land	—	—		—	—		—	—		—	—		—	—
Residential	—	—		1	145		—	—		—	—		1	145
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 March 31, 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	—	—		—		—	—
Construction and land	—	—		—		—	—
Residential	6	382		382		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	6	$	382	$	382	—	$	—

	As of and for the three months ended March 31, 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	—	—		—	—		—	—		—	—		—	—
Construction and land	—	—		—	—		—	—		—	—		—	—
Residential	—	—		6	382		—	—		—	—		6	382
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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Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2016

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 March 31,
	2016			2015
	(In thousands)
Allowance for loan losses, beginning of period:
Commercial and industrial	$	15,814		$	14,114
Commercial real estate	44,215			43,854
Construction and land	6,322			4,041
Residential	10,544			10,374
Home equity	1,085			1,003
Consumer and other	520			382
Unallocated (1)	—			2,070
Total allowance for loan losses, beginning of period	78,500			75,838
Provision/ (credit) for loan losses:
Commercial and industrial	(657		)	(1,981		)
Commercial real estate	(1,847		)	(933		)
Construction and land	(998		)	227
Residential	591			72
Home equity	(6		)	13
Consumer and other	(216		)	130
Unallocated	—			(28		)
Total provision/(credit) for loan losses	(3,133		)	(2,500		)
Loans charged-off:
Commercial and industrial	(2,108		)	—
Commercial real estate	—			—
Construction and land	(400		)	—
Residential	(501		)	(49		)
Home equity	—			—
Consumer and other	(7		)	(5		)
Total charge-offs	(3,016		)	(54		)
Recoveries on loans previously charged-off:
Commercial and industrial	1,294			2,204
Commercial real estate	2,151			631
Construction and land	627			1,143
Residential	—			—
Home equity	—			—
Consumer and other	4			1
Total recoveries	4,076			3,979

	As of and for the three months ended March 31,
	2016		2015
	(In thousands)
Allowance for loan losses at end of period:
Commercial and industrial	14,343		14,337
Commercial real estate	44,519		43,552
Construction and land	5,551		5,411
Residential	10,634		10,397
Home equity	1,079		1,016
Consumer and other	301		508
Unallocated (1)	—		2,042
Total allowance for loan losses at end of period	$	76,427	$	77,263

______________________

(1) As of December 31, 2015, the unallocated reserve was allocated to the qualitative factors as part of the general reserves (ASC 450).

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 months ended March 31, 2016
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	2,446	$	4,431	n/a		$	2,132	$	12
Commercial real estate	11,900		20,038		n/a		12,017		38
Construction and land	2,850		4,446		n/a		1,520		—
Residential	6,821		7,181		n/a		7,071		57
Home equity	—		—		n/a		—		—
Consumer and other	—		—		n/a		—		—
Subtotal	24,017		36,096		n/a		22,740		107
With an allowance recorded:
Commercial and industrial	48		48		$	23	22		1
Commercial real estate	7,299		7,728		671		7,323		80
Construction and land	—		—		—		1,650		—
Residential	5,578		5,578		473		6,192		43
Home equity	—		—		—		—		—
Consumer and other	—		—		—		—		—
Subtotal	12,925		13,354		1,167		15,187		124
Total:
Commercial and industrial	2,494		4,479		23		2,154		13
Commercial real estate	19,199		27,766		671		19,340		118
Construction and land	2,850		4,446		—		3,170		—
Residential	12,399		12,759		473		13,263		100
Home equity	—		—		—		—		—
Consumer and other	—		—		—		—		—
Total	$	36,942	$	49,450	$	1,167	$	37,927	$	231

___________________

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

	As of and for the three months ended March 31, 2015
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	191	$	255	n/a		$	1,555	$	807
Commercial real estate	19,059		25,414		n/a		20,753		894
Construction and land	1,272		2,290		n/a		7,190		92
Residential	9,191		9,978		n/a		9,526		78
Home equity	50		50		n/a		50		1
Consumer and other	1,007		1,007		n/a		1,007		—
Subtotal	30,770		38,994		n/a		40,081		1,872
With an allowance recorded:
Commercial and industrial	941		961		$	78	991		34
Commercial real estate	8,995		9,423		2,543		9,036		92
Construction and land	2,200		2,356		172		2,200		—
Residential	7,536		7,887		1,311		7,103		49
Home equity	—		—		—		—		—
Consumer and other	—		—		—		—		—
Subtotal	19,672		20,627		4,104		19,330		175
Total:
Commercial and industrial	1,132		1,216		78		2,546		841
Commercial real estate	28,054		34,837		2,543		29,789		986
Construction and land	3,472		4,646		172		9,390		92
Residential	16,727		17,865		1,311		16,629		127
Home equity	50		50		—		50		1
Consumer and other	1,007		1,007		—		1,007		—
Total	$	50,442	$	59,621	$	4,104	$	59,411	$	2,047

___________________

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

	As of and for the year ended December 31, 2015
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	2,259	$	2,569	n/a		$	1,638	$	836
Commercial real estate	12,116		20,113		n/a		17,885		1,494
Construction and land	1,097		2,132		n/a		3,027		92
Residential	7,788		8,576		n/a		9,384		269
Home equity	—		—		n/a		42		2
Consumer and other	—		—		n/a		545		61
Subtotal	23,260		33,390		n/a		32,521		2,754
With an allowance recorded:
Commercial and industrial	15		15		$	270	657		66
Commercial real estate	7,346		7,775		713		8,749		385
Construction and land	2,200		2,356		172		2,200		—
Residential	6,351		6,966		474		6,940		186
Home equity	—		—		—		—		—
Consumer and other	—		—		—		—		—
Subtotal	15,912		17,112		1,629		18,546		637
Total:
Commercial and industrial	2,274		2,584		270		2,295		902
Commercial real estate	19,462		27,888		713		26,634		1,879
Construction and land	3,297		4,488		172		5,227		92
Residential	14,139		15,542		474		16,324		455
Home equity	—		—		—		42		2
Consumer and other	—		—		—		545		61
Total	$	39,172	$	50,502	$	1,629	$	51,067	$	3,391

___________________

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

The following tables present the Company’s allowance for loan losses and loan portfolio at March 31, 2016 and December 31, 2015 by portfolio segment, disaggregated by method of impairment analysis. The Company had no loans acquired with deteriorated credit quality at March 31, 2016 or December 31, 2015.

	March 31, 2016
	Individually Evaluated for Impairment				Collectively Evaluated for Impairment				Total
	Recorded investment (loan balance)		Allowance for loan losses		Recorded investment (loan balance)		Allowance for loan losses		Recorded investment (loan balance)		Allowance for loan losses
	(In thousands)
Commercial and industrial	$	2,494	$	23	$	1,067,477	$	14,320	$	1,069,971	$	14,343
Commercial real estate	19,199		671		1,906,320		43,848		1,925,519		44,519
Construction and land	2,850		—		163,824		5,551		166,674		5,551
Residential	12,399		473		2,204,476		10,161		2,216,875		10,634
Home equity	—		—		118,807		1,079		118,807		1,079
Consumer	—		—		160,335		301		160,335		301
Total	$	36,942	$	1,167	$	5,621,239	$	75,260	$	5,658,181	$	76,427

	December 31, 2015
	Individually Evaluated for Impairment				Collectively Evaluated for Impairment				Total
	Recorded investment (loan balance)		Allowance for loan losses		Recorded investment (loan balance)		Allowance for loan losses		Recorded investment (loan balance)		Allowance for loan losses
	(In thousands)
Commercial and industrial	$	2,274	$	270	$	1,109,281	$	15,544	$	1,111,555	$	15,814
Commercial real estate	19,462		713		1,894,672		43,502		1,914,134		44,215
Construction and land	3,297		172		180,137		6,150		183,434		6,322
Residential	14,139		474		2,215,401		10,070		2,229,540		10,544
Home equity	—		—		119,828		1,085		119,828		1,085
Consumer	—		—		160,721		520		160,721		520
Total	$	39,172	$	1,629	$	5,680,040	$	76,871	$	5,719,212	$	78,500

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Derivatives and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2016

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 March 31, 2016 and December 31, 2015:

	March 31, 2016							December 31, 2015
	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	$	(3,437	)	Other assets	$	—	Other liabilities	$	(1,907	)
Derivatives not designated as hedging instruments:
Interest rate products (2)	Other assets	16,968		Other liabilities	(17,702		)	Other assets	7,960		Other liabilities	(8,095		)
Total		$	16,968		$	(21,139	)		$	7,960		$	(10,002	)

___________________

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

(2) Includes Risk Participation Agreements.

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 months ended March 31, 2016 and 2015:

Derivatives in cash flow hedging relationships	Amount of gain or (loss) recognized in OCI on derivatives (effective portion) (1)						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 March 31,							three months ended March 31,
	2016			2015				2016			2015
(In thousands)
Interest rate products (2)	$	(1,948	)	$	(1,873	)	Interest expense	$	(461	)	$	(1,018	)
Total	$	(1,948	)	$	(1,873	)		$	(461	)	$	(1,018	)

___________________

(1)     There was no ineffective portion as of March 31, 2016 or 2015.

(2)    Includes Risk Participation Agreements.

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 months ended March 31, 2016 and 2015:

	Three months ended March 31,
	2016			2015
	(In thousands)
Accumulated other comprehensive income/ (loss) on cash flow hedges, balance at beginning of period	$	(1,123	)	$	(1,923	)
Net change in unrealized gain/ (loss) on cash flow hedges	(900		)	(509		)
Accumulated other comprehensive income/ (loss) on cash flow hedges, balance at end of period	$	(2,023	)	$	(2,432	)

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 months ended March 31, 2016 and 2015.

		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 March 31,
		2016			2015
		(In thousands)
Interest rate products	Other income/ (expense)	$	(605	)	$	(6	)
Other products (1)	Other income/ (expense)	6			40
Total		$	(599	)	$	34

___________________

(1)     Risk Participation Agreements.

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Income Taxes (Tables)

3 Months Ended

Mar. 31, 2016

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:

	Three months ended March 31,
	2016			2015
	(In thousands)
Income from continuing operations:
Income before income taxes	$	24,325		$	26,490
Income tax expense	7,438			8,572
Net income from continuing operations	$	16,887		$	17,918
Effective tax rate, continuing operations	30.6		%	32.4		%
Income from discontinued operations:
Income before income taxes	$	3,530		$	3,663
Income tax expense	1,465			1,569
Net income from discontinued operations	$	2,065		$	2,094
Effective tax rate, discontinued operations	41.5		%	42.8		%
Less: Income attributable to noncontrolling interests:
Income before income taxes	$	911		$	1,229
Income tax expense	—			—
Net income attributable to noncontrolling interests	$	911		$	1,229
Effective tax rate, noncontrolling interests	—		%	—		%
Income attributable to the Company
Income before income taxes	$	26,944		$	28,924
Income tax expense	8,903			10,141
Net income attributable to the Company	$	18,041		$	18,783
Effective tax rate attributable to the Company	33.0		%	35.1		%

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Noncontrolling Interests (Tables)

3 Months Ended

Mar. 31, 2016

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:

	March 31, 2016		December 31, 2015
	(In thousands)
Anchor	$	11,725	$	11,907
BOS	6,079		6,744
DGHM (1)	2,250		2,830
Total	$	20,054	$	21,481
Redeemable noncontrolling interests	$	16,938	$	18,088
Noncontrolling interests	$	3,116	$	3,393

______________

(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
	March 31, 2016
	Redeemable noncontrolling interests			Noncontrolling interests
	(In thousands)
Noncontrolling interests at beginning of period	$	18,088		$	3,393
Net income attributable to noncontrolling interests	718			193
Distributions	(616		)	(242		)
Purchases/ (sales) of ownership interests	142			—
Amortization of equity compensation	111			132
Adjustments to fair value	(1,505		)	(360		)
Noncontrolling interests at end of period	$	16,938		$	3,116

	Three months ended
	March 31, 2015
	Redeemable noncontrolling interests			Noncontrolling interests
	(In thousands)
Noncontrolling interests at beginning of period	$	20,905		$	386
Net income attributable to noncontrolling interests	1,080			149
Distributions	(1,055		)	(136		)
Purchases/ (sales) of ownership interests	—			419
Transfers of ownership interests from mezzanine to permanent equity	(1,652		)	1,652
Amortization of equity compensation	—			118
Adjustments to fair value	633			13
Noncontrolling interests at end of period	$	19,911		$	2,601

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Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2016

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 months ended March 31, 2016 and 2015:

Description of component of accumulated other comprehensive income/ (loss)	Three months ended March 31,						Affected line item in Statement of Operations
	2016			2015
	(In thousands)
Adjustment for realized gains/ (losses) on available-for-sale securities, net:
Pre-tax	$	1		$	8		Gain on sale of investments, net
Tax expense/ (benefit)	—			3			Income tax expense
Net	$	1		$	5		Net income attributable to the Company
Net realized gain/ (loss) on cash flow hedges:
Hedge related to junior subordinated debentures:
Pre-tax	$	—		$	(471	)	Interest expense on junior subordinated debentures
Tax expense/ (benefit)	—			(202		)	Income tax expense
Net	$	—		$	(269	)	Net income attributable to the Company
Hedges related to deposits:
Pre-tax	$	(461	)	$	(547	)	Interest expense on deposits
Pre-tax	42			—			Other income
Tax expense/ (benefit)	(173		)	(225		)	Income tax expense
Net	$	(246	)	$	(322	)	Net income attributable to the Company
Total reclassifications for the period, net of tax	$	(245	)	$	(586	)

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Restructuring (Tables)

3 Months Ended

Mar. 31, 2016

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 months ended March 31, 2016 and 2015:

	Severance Charges			Total
	(In thousands)
Accrued charges at December 31, 2015	$	3,305		$	3,305
Costs incurred	1,112			1,112
Costs paid	(849		)	(849		)
Accrued charges at March 31, 2016	$	3,568		$	3,568
Accrued charges at December 31, 2014	$	739		$	739
Costs incurred	—			—
Costs paid	(489		)	(489		)
Accrued charges at March 31, 2015	$	250		$	250

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Earnings Per Share Basic Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income from continuing operations		$ 16,887	$ 17,918
Net Income (Loss) Attributable to Noncontrolling Interest		911	1,229
Income (Loss) from Continuing Operations Attributable to Parent		15,976	16,689
Noncontrolling Interest, Change in Redemption Value	[1]	(580)	94
Preferred Stock Dividends and Other Adjustments		(869)	(869)
Other Preferred Stock Dividends and Adjustments	[2]	(289)	(963)
Net Income (Loss) from Continuing Ops Available to Common Stockholders, Basic	[2]	15,687	15,726
Net income from discontinued operations	[2]	2,065	2,094
Net income attributable to common shareholders for earnings per share calculation	[2]	$ 17,752	$ 17,820
Income (Loss) from Continuing Operations, Per Basic Share		$ 0.19	$ 0.19
Income (Loss) from Discontinued Operations, Net of Tax, Per Basic Share		0.03	0.03
Earnings Per Share, Basic		$ 0.22	$ 0.22
Common Stock [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Weighted Average Basic Common Shares Outstanding		81,301,499	80,514,359

[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, 2015 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 Company presents its EPS based on the treasury stock method. The Company reverted to the treasury stock presentation from the two-class presentation due to the immaterial number of participating shares outstanding as of March 31, 2016. If the EPS presentation had been based on the two-class method, the following adjustments would have been made to the presentation of EPS for the three months ended March 31, 2016. Net income attributable to common shareholders would have been reduced by an additional $4 thousand, and the allocation of net income to participating securities would have been $6 thousand, reducing net income attributable to common shareholders by a total of $10 thousand. Basic EPS would not change. Weighted average diluted shared outstanding would have been reduced by 37,298 shares. Diluted EPS would not change.If the EPS presentation had been based on the two-class method, the following adjustments would have been made to the presentation of EPS for the three months ended March 31, 2015. Net income attributable to common shareholders would have been reduced by an additional $43 thousand, and the allocation of net income to participating securities would have been $60 thousand, reducing net income attributable to common shareholders by a total of $103 thousand. Basic EPS would not change. Weighted average diluted shared outstanding would have been reduced by 341,603 shares. Diluted EPS would not change.

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Earnings Per Share Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net Income (Loss) from Continuing Operations Available to Common Stockholders, Diluted	[1]	$ 15,687	$ 15,726
Net income from discontinued operations	[1]	2,065	2,094
Net Income (Loss) Available to Common Stockholders, Diluted		$ 17,752	$ 17,820
Income (Loss) from Continuing Operations, Per Diluted Share		$ 0.19	$ 0.19
Income (Loss) from Discontinued Operations, Net of Tax, Per Diluted Share		0.02	0.02
Earnings Per Share, Diluted		0.21	0.21
Common Stock, Dividends, Per Share, Cash Paid		$ 0.10	$ 0.09
Common Stock [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Weighted Average Basic Common Shares Outstanding		81,301,499	80,514,359
Incremental Common Shares Attributable to Share-based Payment Arrangements	[1],[2]	1,224,325	1,269,211
Incremental Common Shares Attributable to Call Options and Warrants	[2]	929,939	1,152,358
Weighted Average Number Diluted Shares Outstanding Adjustment		2,154,264	2,421,569
Weighted Average Number of Shares Outstanding, Diluted	[1],[2]	83,455,763	82,935,928

[1] The Company presents its EPS based on the treasury stock method. The Company reverted to the treasury stock presentation from the two-class presentation due to the immaterial number of participating shares outstanding as of March 31, 2016. If the EPS presentation had been based on the two-class method, the following adjustments would have been made to the presentation of EPS for the three months ended March 31, 2016. Net income attributable to common shareholders would have been reduced by an additional $4 thousand, and the allocation of net income to participating securities would have been $6 thousand, reducing net income attributable to common shareholders by a total of $10 thousand. Basic EPS would not change. Weighted average diluted shared outstanding would have been reduced by 37,298 shares. Diluted EPS would not change.If the EPS presentation had been based on the two-class method, the following adjustments would have been made to the presentation of EPS for the three months ended March 31, 2015. Net income attributable to common shareholders would have been reduced by an additional $43 thousand, and the allocation of net income to participating securities would have been $60 thousand, reducing net income attributable to common shareholders by a total of $103 thousand. Basic EPS would not change. Weighted average diluted shared outstanding would have been reduced by 341,603 shares. Diluted EPS would not change.

[2] The diluted EPS computations for the three months ended March 31, 2016 and 2015 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 March 31,(In thousands)2016 2015Shares 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 securities387 660Total shares excluded due to exercise price exceeding the average market price of common shares during the period387 660

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Earnings Per Share FN 2 to EPS - Reconciliation to Two-Class Presentation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Participating Securities, Distributed and Undistributed Earnings (Loss), Basic	$ 4	$ 43
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic	6	60
NI To Common SH Difference Between Two Class And Treasury Method	$ 10	$ 103
WtdAvg Shares OS Recon Between Two Class and Treasury Method	37,298	341,603

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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
	Mar. 31, 2016	Mar. 31, 2015
Shares Excluded Due to Exercise Price Exceeding Average Price During Period [Line Items]
Shares Excluded Due to Exercise Price Exceeding Average Price During Period	387	660
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	387	660

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Reportable Segments (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Interest Income (Expense), Net		$ 49,879	$ 46,072
Noninterest Income		38,022	41,345
Revenues		87,901	87,417
Provision/ (credit) for loan losses		(3,133)	(2,500)
Noninterest Expense		66,709	63,427
Income before income taxes		24,325	26,490
Income tax expense		7,438	8,572
Net income from continuing operations		16,887	17,918
Net income attributable to noncontrolling interests		911	1,229
Net income from discontinued operations	[1]	2,065	2,094
Net income attributable to the Company		18,041	18,783
Total assets		7,413,663	6,869,772	$ 7,542,508
Assets under Management, Carrying Amount		26,811,000	30,025,000
Amortization of intangibles		1,586	1,602
Depreciation		1,676	1,704
Private Banking Segment [Member]
Segment Reporting Information [Line Items]
Interest Income (Expense), Net		50,420	46,990
Noninterest Income		3,378	2,784
Revenues		53,798	49,774
Provision/ (credit) for loan losses		(3,133)	(2,500)
Noninterest Expense		31,275	28,805
Income before income taxes		25,656	23,469
Income tax expense		8,374	7,768
Net income from continuing operations		17,282	15,701
Net income attributable to the Company		17,282	15,701
Total assets		7,250,371	6,688,472
Amortization of intangibles		0	46
Depreciation		1,146	1,205
Wealth Management and Trust Segment [Member]
Segment Reporting Information [Line Items]
Noninterest Income		11,056	13,957
Noninterest Expense	[2]	15,852	12,331
Income before income taxes		(4,796)	1,626
Income tax expense		(1,939)	694
Net income from continuing operations		(2,857)	932
Net income attributable to the Company		(2,857)	932
Total assets		84,253	79,139
Assets under Management, Carrying Amount		7,137,000	9,305,000
Amortization of intangibles		745	571
Depreciation		231	187
Investment Managers Segment [Member]
Segment Reporting Information [Line Items]
Interest Income (Expense), Net		4	6
Noninterest Income		10,659	11,722
Revenues		10,663	11,728
Noninterest Expense		8,024	8,686
Income before income taxes		2,639	3,042
Income tax expense		879	1,002
Net income from continuing operations		1,760	2,040
Net income attributable to noncontrolling interests		477	637
Net income attributable to the Company		1,283	1,403
Total assets		93,396	101,036
Assets under Management, Carrying Amount		9,838,000	10,730,000
Amortization of intangibles		650	739
Depreciation		73	70
Wealth Advisors Segment [Member]
Segment Reporting Information [Line Items]
Interest Income (Expense), Net		3	2
Noninterest Income		12,742	12,707
Revenues		12,745	12,709
Noninterest Expense		9,694	9,132
Income before income taxes		3,051	3,577
Income tax expense		1,148	1,321
Net income from continuing operations		1,903	2,256
Net income attributable to noncontrolling interests		434	588
Net income attributable to the Company		1,469	1,668
Total assets		74,901	76,042
Assets under Management, Carrying Amount		9,857,000	10,012,000
Amortization of intangibles		191	246
Depreciation		215	211
Holding Company and Eliminations Segment [Member]
Segment Reporting Information [Line Items]
Interest Income (Expense), Net		(548)	(926)
Noninterest Income		187	175
Revenues		(361)	(751)
Noninterest Expense		1,864	4,473
Income before income taxes		(2,225)	(5,224)
Income tax expense		(1,024)	(2,213)
Net income from continuing operations		(1,201)	(3,011)
Net income attributable to noncontrolling interests		0	4
Net income from discontinued operations	[3]	2,065	2,094
Net income attributable to the Company		864	(921)
Total assets		(89,258)	(74,917)
Assets under Management, Carrying Amount		(21,000)	(22,000)
Depreciation		$ 11	$ 31

[1] The Company presents its EPS based on the treasury stock method. The Company reverted to the treasury stock presentation from the two-class presentation due to the immaterial number of participating shares outstanding as of March 31, 2016. If the EPS presentation had been based on the two-class method, the following adjustments would have been made to the presentation of EPS for the three months ended March 31, 2016. Net income attributable to common shareholders would have been reduced by an additional $4 thousand, and the allocation of net income to participating securities would have been $6 thousand, reducing net income attributable to common shareholders by a total of $10 thousand. Basic EPS would not change. Weighted average diluted shared outstanding would have been reduced by 37,298 shares. Diluted EPS would not change.If the EPS presentation had been based on the two-class method, the following adjustments would have been made to the presentation of EPS for the three months ended March 31, 2015. Net income attributable to common shareholders would have been reduced by an additional $43 thousand, and the allocation of net income to participating securities would have been $60 thousand, reducing net income attributable to common shareholders by a total of $103 thousand. Basic EPS would not change. Weighted average diluted shared outstanding would have been reduced by 341,603 shares. Diluted EPS would not change.

[2] Operating expense for 2016 includes $1.1 million in restructuring expenses related to the Wealth Management and Trust segment. Operating expense for 2015 includes no restructuring expenses.

[3] Net income from discontinued operations for the three month periods ended March 31, 2016 and 2015 of $2.1 million in both periods is included in Holding Company and Eliminations in the calculation of net income attributable to the Company.

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Reportable Segments Segments Text Disclosure (Details) $ in Thousands		3 Months Ended
		Mar. 31, 2016 USD ($) segments	Mar. 31, 2015 USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments | segments		4
Restructuring		$ 1,112	$ 0
Net income from discontinued operations	[1]	$ 2,065	$ 2,094

[1] The Company presents its EPS based on the treasury stock method. The Company reverted to the treasury stock presentation from the two-class presentation due to the immaterial number of participating shares outstanding as of March 31, 2016. If the EPS presentation had been based on the two-class method, the following adjustments would have been made to the presentation of EPS for the three months ended March 31, 2016. Net income attributable to common shareholders would have been reduced by an additional $4 thousand, and the allocation of net income to participating securities would have been $6 thousand, reducing net income attributable to common shareholders by a total of $10 thousand. Basic EPS would not change. Weighted average diluted shared outstanding would have been reduced by 37,298 shares. Diluted EPS would not change.If the EPS presentation had been based on the two-class method, the following adjustments would have been made to the presentation of EPS for the three months ended March 31, 2015. Net income attributable to common shareholders would have been reduced by an additional $43 thousand, and the allocation of net income to participating securities would have been $60 thousand, reducing net income attributable to common shareholders by a total of $103 thousand. Basic EPS would not change. Weighted average diluted shared outstanding would have been reduced by 341,603 shares. Diluted EPS would not change.

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Investments Schedule of Available-for-sale and Held-to-Maturity Securities (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis		$ 1,135,880	$ 1,084,105
Available-for-sale Securities, Gross Unrealized Gains		17,348	7,634
Available-for-sale Securities, Gross Unrealized Losses		(1,699)	(7,229)
Available-for-sale securities at fair value		1,151,529	1,084,510
Held-to-maturity Securities		111,337	116,352
Held-to-maturity Securities, Unrecognized Holding Gain		1,524	294
Held-to-maturity Securities, Unrecognized Holding Loss		0	(262)
Held-to-maturity Securities, Fair Value		112,861	116,384
US Government and Government Agencies and Authorities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis		30,911	21,214
Available-for-sale Securities, Gross Unrealized Gains		481	64
Available-for-sale Securities, Gross Unrealized Losses		(4)	(27)
Available-for-sale securities at fair value		31,388	21,251
US Government-sponsored Enterprises Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis		344,945	345,033
Available-for-sale Securities, Gross Unrealized Gains		5,585	874
Available-for-sale Securities, Gross Unrealized Losses		0	(1,345)
Available-for-sale securities at fair value		350,530	344,562
Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis		264,375	263,661
Available-for-sale Securities, Gross Unrealized Gains		7,334	5,099
Available-for-sale Securities, Gross Unrealized Losses		(95)	(116)
Available-for-sale securities at fair value		271,614	268,644
Mortgage Backed Securities, Other [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	[1]	477,488	431,446
Available-for-sale Securities, Gross Unrealized Gains	[1]	3,657	1,329
Available-for-sale Securities, Gross Unrealized Losses	[1]	(1,595)	(5,734)
Available-for-sale securities at fair value	[1]	479,550	427,041
Held-to-maturity Securities	[1]	111,337	116,352
Held-to-maturity Securities, Unrecognized Holding Gain	[1]	1,524	294
Held-to-maturity Securities, Unrecognized Holding Loss	[1]	0	(262)
Held-to-maturity Securities, Fair Value	[1]	112,861	116,384
Other Aggregated Investments [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis		18,161	22,751
Available-for-sale Securities, Gross Unrealized Gains		291	268
Available-for-sale Securities, Gross Unrealized Losses		(5)	(7)
Available-for-sale securities at fair value		$ 18,447	$ 23,012

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

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Investments Maturities of AFS Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis	$ 78,573
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis	339,665
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis	199,337
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis	518,305
Investment securities available for sale at amortized cost	1,135,880	$ 1,084,105
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value	78,999
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value	345,000
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value	203,373
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value	524,157
Available-for-sale Securities	$ 1,151,529	$ 1,084,510

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Investments Maturities of HTM Securities (Details) - USD ($) $ in Thousands		Mar. 31, 2016	Dec. 31, 2015
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity Securities		$ 111,337	$ 116,352
Held-to-maturity Securities, Fair Value		112,861	116,384
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		111,337
Held-to-maturity Securities	[1]	111,337	116,352
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		112,861
Held-to-maturity Securities, Fair Value	[1]	$ 112,861	$ 116,384

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

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Investments Realized gains and losses from sales of AFS Investments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Gain (Loss) on Investments [Line Items]
Proceeds from Sale of Available-for-sale Securities	$ 15,292	$ 5,015
Available-for-sale Securities, Gross Realized Gains	2	8
Available-for-sale Securities, Gross Realized Losses	$ (1)	$ 0

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Investments Investment Securities in Unrealized Loss Position (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016 USD ($) securities
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 37,127
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(182)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	105,359
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(1,517)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	142,486
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	$ (1,699)
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	59
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	0
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	0
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value	0
Held-to-maturity Securities, Continuous Unrealized Loss Position, Aggregate Loss	$ 0
Held-to-maturity, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	0
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	$ 0
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	729
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(4)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	729
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	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	$ 0
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	0
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	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	$ 0
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	0
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	$ 10,635
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(29)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	2,772
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(66)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	13,407
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	$ (95)
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	10
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	$ 26,422	[1]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(150)	[1]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	101,846	[1]
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(1,445)	[1]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	128,268	[1]
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	$ (1,595)	[1]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	38	[1]
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 0	[1]
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	0	[1]
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0	[1]
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	0	[1]
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value	0	[1]
Held-to-maturity Securities, Continuous Unrealized Loss Position, Aggregate Loss	$ 0	[1]
Held-to-maturity, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	0	[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	$ 70
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(3)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	12
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(2)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	82
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	$ (5)
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	9

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

XML

Investments Other Investment Disclosures (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Investments, Other Disclosures [Abstract]
Cost Method Investments, Additional Information	0	0
Cost Method Investments	$ 26.5	$ 27.7

XML

Fair Value Measurements Fair Value Recurring Basis (Details) - USD ($) $ in Thousands		Mar. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		$ 1,151,529	$ 1,084,510
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		31,388	21,251
US Government-sponsored Enterprises Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		350,530	344,562
Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		271,614	268,644
Mortgage Backed Securities, Other [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	[1]	479,550	427,041
Other Aggregated Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		18,447	23,012
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		1,151,529	1,084,510
Alternative Investments, Fair Value Disclosure		5,842	5,602
Financial and Nonfinancial Liabilities, Fair Value Disclosure		5,842	5,602
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 Financial Instruments, Liabilities, Fair Value Disclosure		3,437	1,907
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		16,952	7,960
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		17,682	8,084
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 Assets		16
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		20	11
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		31,388	21,251
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		350,530	344,562
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		271,614	268,644
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		479,550	427,041
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		18,447	23,012
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		49,106	43,263
Alternative Investments, Fair Value Disclosure		5,842	5,602
Financial and Nonfinancial Liabilities, Fair Value Disclosure		5,842	5,602
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 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 Assets		0
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		0	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		30,659	20,251
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		18,447	23,012
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		1,102,423	1,041,247
Alternative Investments, Fair Value Disclosure		0	0
Financial and Nonfinancial Liabilities, Fair Value Disclosure		0	0
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 Financial Instruments, Liabilities, Fair Value Disclosure		3,437	1,907
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		16,952	7,960
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		17,682	8,084
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 Assets		16
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		20	11
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		729	1,000
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		350,530	344,562
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		271,614	268,644
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		479,550	427,041
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	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 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 Assets		0
Derivative Financial Instruments, Liabilities, Fair Value Disclosure		0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | US Government and Government Agencies and Authorities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | US Government-sponsored Enterprises Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mortgage Backed Securities, Other [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other Aggregated Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		$ 0	$ 0

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

XML

Fair Value Measurements Fair Value Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016		Mar. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	$ 2,428	[1]	$ 757	[2]
Loans Receivable, Fair Value Adjustment	(1,564)		0
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]
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]
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	$ 2,428	[1]	$ 757	[2]

[1] Collateral-dependent impaired loans held at March 31, 2016 that had write-downs in fair value or whose specific reserve changed during the first three months of 2016.

[2] Collateral-dependent impaired loans held at March 31, 2015 that had write-downs in fair value or whose specific reserve changed during the first three months of 2015.

XML

Fair Value Measurements Quantitiative Information about Level 3 Non-Recurring Assets (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016		Mar. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Loans Receivable, Fair Value Disclosure	$ 2,428	[1]	$ 757	[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	5.00%		11.00%
Fair Value Inputs, Comparability Adjustments	16.00%		0.00%
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	0.00%		0.00%
Fair Value Inputs, Comparability Adjustments	10.00%		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	7.00%		11.00%
Fair Value Inputs, Comparability Adjustments	33.00%		0.00%

[1] Collateral-dependent impaired loans held at March 31, 2016 that had write-downs in fair value or whose specific reserve changed during the first three months of 2016.

[2] Collateral-dependent impaired loans held at March 31, 2015 that had write-downs in fair value or whose specific reserve changed during the first three months of 2015.

XML

Fair Value Measurements Not Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2016		Dec. 31, 2015	Mar. 31, 2015	[2]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity Securities, Fair Value	$ 112,861		$ 116,384
Federal funds purchased	40,000		0
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans Receivable, Fair Value Disclosure	2,428	[1]		$ 757
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	2,428	[1]		$ 757
Reported Value Measurement, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	113,946		238,694
Held-to-maturity Securities, Fair Value	111,337		116,352
Loans Held-for-sale, Fair Value Disclosure	5,383		8,072
Loans Receivable, Fair Value Disclosure	5,581,754		5,640,712
Other Assets, Fair Value Disclosure	116,982		118,233
Deposits, Fair Value Disclosure	5,786,860		6,040,437
Securities Loaned or Sold under Agreements to Repurchase, Fair Value Disclosure	63,182		58,215
Federal funds purchased	40,000
Federal Home Loan Bank Borrowings, Fair Value Disclosure	523,952		461,324
Subordinated Debt Obligations, Fair Value Disclosure	106,363		106,363
Other Liabilities, Fair Value Disclosure	2,013		1,978
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	113,946		238,694
Held-to-maturity Securities, Fair Value	112,861		116,384
Loans Held-for-sale, Fair Value Disclosure	5,490		8,144
Loans Receivable, Fair Value Disclosure	5,643,839		5,658,254
Other Assets, Fair Value Disclosure	116,982		118,233
Deposits, Fair Value Disclosure	5,788,934		6,041,239
Securities Loaned or Sold under Agreements to Repurchase, Fair Value Disclosure	63,182		58,215
Federal funds purchased	40,000
Federal Home Loan Bank Borrowings, Fair Value Disclosure	529,789		465,100
Subordinated Debt Obligations, Fair Value Disclosure	96,363		96,363
Other Liabilities, Fair Value Disclosure	2,013		1,978
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	113,946		238,694
Held-to-maturity Securities, Fair Value	0		0
Loans Held-for-sale, Fair Value Disclosure	0		0
Loans Receivable, 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	112,861		116,384
Loans Held-for-sale, Fair Value Disclosure	5,490		8,144
Loans Receivable, Fair Value Disclosure	0		0
Other Assets, Fair Value Disclosure	116,982		118,233
Deposits, Fair Value Disclosure	5,788,934		6,041,239
Securities Loaned or Sold under Agreements to Repurchase, Fair Value Disclosure	63,182		58,215
Federal funds purchased	40,000
Federal Home Loan Bank Borrowings, Fair Value Disclosure	529,789		465,100
Subordinated Debt Obligations, Fair Value Disclosure	0		0
Other Liabilities, Fair Value Disclosure	2,013		1,978
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 Held-for-sale, Fair Value Disclosure	0		0
Loans Receivable, Fair Value Disclosure	5,643,839		5,658,254
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 March 31, 2016 that had write-downs in fair value or whose specific reserve changed during the first three months of 2016.

[2] Collateral-dependent impaired loans held at March 31, 2015 that had write-downs in fair value or whose specific reserve changed during the first three months of 2015.

XML

Loan Portfolio and Credit Quality Loans by Portfolio Segment (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 5,658,181	$ 5,719,212
Commercial and industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,069,971	1,111,555
Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,925,519	1,914,134
Construction and land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	166,674	183,434
Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	2,216,875	2,229,540
Home equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	118,807	119,828
Consumer and other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 160,335	$ 160,721

XML

Loan Portfolio and Credit Quality Nonaccrual Loans by Class of Financing Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	$ 0	$ 0
Financing Receivable, Recorded Investment, Nonaccrual Status	24,356	26,571
Commercial and industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	1,306	1,019
Commercial real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	11,035	11,232
Construction and land [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	2,850	3,297
Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	7,831	9,661
Home equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	1,301	1,306
Consumer and other [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 33	$ 56

XML

Loan Portfolio and Credit Quality Loans by Past Due Status (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	$ 8,307	$ 13,094
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	0	0
Financing Receivable, Recorded Investment, Nonaccrual Status	24,356	26,571
Financing Receivable, Recorded Investment, Current	5,625,518	5,679,547
Total loans	5,658,181	5,719,212
Financing Receivables, 1 to 29 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	6,735	7,952
Financing Receivables, 30 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	2,264	917
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	8,274	10,962
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	33	2,132
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	15,357	17,702
Commercial and industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	341	2,667
Financing Receivable, Recorded Investment, Nonaccrual Status	1,306	1,019
Financing Receivable, Recorded Investment, Current	1,068,324	1,107,869
Total loans	1,069,971	1,111,555
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	1,306	726
Commercial and industrial [Member] | Financing Receivables, 30 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	0	0
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	341	2,329
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	0	338
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	293
Commercial real estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	40	2,620
Financing Receivable, Recorded Investment, Nonaccrual Status	11,035	11,232
Financing Receivable, Recorded Investment, Current	1,914,444	1,900,282
Total loans	1,925,519	1,914,134
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	4,277	5,912
Commercial real estate [Member] | Financing Receivables, 30 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	0	0
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	40	2,091
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	529
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	6,758	5,320
Construction and land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivable, Recorded Investment, Nonaccrual Status	2,850	3,297
Financing Receivable, Recorded Investment, Current	163,824	180,137
Total loans	166,674	183,434
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	129	149
Construction and land [Member] | Financing Receivables, 30 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	19	34
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
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	2,702	3,114
Residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	7,628	7,140
Financing Receivable, Recorded Investment, Nonaccrual Status	7,831	9,661
Financing Receivable, Recorded Investment, Current	2,201,416	2,212,739
Total loans	2,216,875	2,229,540
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	1,008	924
Residential [Member] | Financing Receivables, 30 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	2,150	874
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	7,628	6,267
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	0	873
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	4,673	7,863
Home equity [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	12	40
Financing Receivable, Recorded Investment, Nonaccrual Status	1,301	1,306
Financing Receivable, Recorded Investment, Current	117,494	118,482
Total loans	118,807	119,828
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	0	217
Home equity [Member] | Financing Receivables, 30 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	88	0
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	12	40
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	0	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	1,213	1,089
Consumer and other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	286	627
Financing Receivable, Recorded Investment, Nonaccrual Status	33	56
Financing Receivable, Recorded Investment, Current	160,016	160,038
Total loans	160,335	160,721
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	15	24
Consumer and other [Member] | Financing Receivables, 30 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	7	9
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	253	235
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	33	392
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	$ 11	$ 23

XML

Loan Portfolio and Credit Quality Loans by Grade or Nonaccrual Status (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 5,658,181	$ 5,719,212
Pass [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,491,209	5,565,016
Special Mention [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	86,925	69,211
Substandard [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	55,691	58,414
Substandard [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	24,356	26,571
Commercial and industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,069,971	1,111,555
Commercial and industrial [Member] | Pass [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,025,215	1,070,438
Commercial and industrial [Member] | Special Mention [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	32,547	28,643
Commercial and industrial [Member] | Substandard [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	10,903	11,455
Commercial and industrial [Member] | Substandard [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,306	1,019
Commercial real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,925,519	1,914,134
Commercial real estate [Member] | Pass [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,841,174	1,841,603
Commercial real estate [Member] | Special Mention [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	39,792	27,594
Commercial real estate [Member] | Substandard [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	33,518	33,705
Commercial real estate [Member] | Substandard [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	11,035	11,232
Construction and land [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	166,674	183,434
Construction and land [Member] | Pass [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	146,326	162,563
Construction and land [Member] | Special Mention [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	12,898	12,974
Construction and land [Member] | Substandard [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	4,600	4,600
Construction and land [Member] | Substandard [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,850	3,297
Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,216,875	2,229,540
Residential [Member] | Pass [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,202,376	2,213,204
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	6,668	6,675
Residential [Member] | Substandard [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	7,831	9,661
Home equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	118,807	119,828
Home equity [Member] | Pass [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	117,506	118,522
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	0
Home equity [Member] | Substandard [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,301	1,306
Consumer and other [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	160,335	160,721
Consumer and other [Member] | Pass [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	158,612	158,686
Consumer and other [Member] | Special Mention [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,688	0
Consumer and other [Member] | Substandard [Member] | Performing Financial Instruments [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	2	1,979
Consumer and other [Member] | Substandard [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 33	$ 56

XML

Loan Portfolio and Credit Quality Impaired Loans With and Without Related Allowance (Details) - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1]	$ 24,017	$ 30,770	$ 23,260
Impaired Financing Receivable, with Related Allowance, Recorded Investment	[1]	12,925	19,672	15,912
Impaired Financing Receivable, Recorded Investment	[1]	36,942	50,442	39,172
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		36,096	38,994	33,390
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		13,354	20,627	17,112
Impaired Financing Receivable, Unpaid Principal Balance		49,450	59,621	50,502
Impaired Financing Receivable, Related Allowance		1,167	4,104	1,629
Impaired Financing Receivable, Related Allowance		1,167	4,104	1,629
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		22,740	40,081	32,521
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		15,187	19,330	18,546
Impaired Financing Receivable, Average Recorded Investment		37,927	59,411	51,067
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method		107	1,872	2,754
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method		124	175	637
Impaired Financing Receivable, Interest Income, Cash Basis Method		231	2,047	3,391
Commercial and industrial [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1]	2,446	191	2,259
Impaired Financing Receivable, with Related Allowance, Recorded Investment	[1]	48	941	15
Impaired Financing Receivable, Recorded Investment	[1]	2,494	1,132	2,274
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		4,431	255	2,569
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		48	961	15
Impaired Financing Receivable, Unpaid Principal Balance		4,479	1,216	2,584
Impaired Financing Receivable, Related Allowance		23	78	270
Impaired Financing Receivable, Related Allowance		23	78	270
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		2,132	1,555	1,638
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		22	991	657
Impaired Financing Receivable, Average Recorded Investment		2,154	2,546	2,295
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method		12	807	836
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method		1	34	66
Impaired Financing Receivable, Interest Income, Cash Basis Method		13	841	902
Commercial real estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1]	11,900	19,059	12,116
Impaired Financing Receivable, with Related Allowance, Recorded Investment	[1]	7,299	8,995	7,346
Impaired Financing Receivable, Recorded Investment	[1]	19,199	28,054	19,462
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		20,038	25,414	20,113
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		7,728	9,423	7,775
Impaired Financing Receivable, Unpaid Principal Balance		27,766	34,837	27,888
Impaired Financing Receivable, Related Allowance		671	2,543	713
Impaired Financing Receivable, Related Allowance		671	2,543	713
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		12,017	20,753	17,885
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		7,323	9,036	8,749
Impaired Financing Receivable, Average Recorded Investment		19,340	29,789	26,634
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method		38	894	1,494
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method		80	92	385
Impaired Financing Receivable, Interest Income, Cash Basis Method		118	986	1,879
Construction and land [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1]	2,850	1,272	1,097
Impaired Financing Receivable, with Related Allowance, Recorded Investment	[1]	0	2,200	2,200
Impaired Financing Receivable, Recorded Investment	[1]	2,850	3,472	3,297
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		4,446	2,290	2,132
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		0	2,356	2,356
Impaired Financing Receivable, Unpaid Principal Balance		4,446	4,646	4,488
Impaired Financing Receivable, Related Allowance		0	172	172
Impaired Financing Receivable, Related Allowance		0	172	172
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		1,520	7,190	3,027
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		1,650	2,200	2,200
Impaired Financing Receivable, Average Recorded Investment		3,170	9,390	5,227
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method		0	92	92
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method		0	0	0
Impaired Financing Receivable, Interest Income, Cash Basis Method		0	92	92
Residential [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1]	6,821	9,191	7,788
Impaired Financing Receivable, with Related Allowance, Recorded Investment	[1]	5,578	7,536	6,351
Impaired Financing Receivable, Recorded Investment	[1]	12,399	16,727	14,139
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		7,181	9,978	8,576
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		5,578	7,887	6,966
Impaired Financing Receivable, Unpaid Principal Balance		12,759	17,865	15,542
Impaired Financing Receivable, Related Allowance		473	1,311	474
Impaired Financing Receivable, Related Allowance		473	1,311	474
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		7,071	9,526	9,384
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		6,192	7,103	6,940
Impaired Financing Receivable, Average Recorded Investment		13,263	16,629	16,324
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method		57	78	269
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method		43	49	186
Impaired Financing Receivable, Interest Income, Cash Basis Method		100	127	455
Home equity [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1]	0	50	0
Impaired Financing Receivable, with Related Allowance, Recorded Investment	[1]	0	0	0
Impaired Financing Receivable, Recorded Investment	[1]	0	50	0
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		0	50	0
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		0	0	0
Impaired Financing Receivable, Unpaid Principal Balance		0	50	0
Impaired Financing Receivable, Related Allowance		0	0	0
Impaired Financing Receivable, Related Allowance		0	0	0
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		0	50	42
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		0	0	0
Impaired Financing Receivable, Average Recorded Investment		0	50	42
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method		0	1	2
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method		0	0	0
Impaired Financing Receivable, Interest Income, Cash Basis Method		0	1	2
Consumer and other [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1]	0	1,007	0
Impaired Financing Receivable, with Related Allowance, Recorded Investment	[1]	0	0	0
Impaired Financing Receivable, Recorded Investment	[1]	0	1,007	0
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		0	1,007	0
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		0	0	0
Impaired Financing Receivable, Unpaid Principal Balance		0	1,007	0
Impaired Financing Receivable, Related Allowance		0	0	0
Impaired Financing Receivable, Related Allowance		0	0	0
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		0	1,007	545
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		0	0	0
Impaired Financing Receivable, Average Recorded Investment		0	1,007	545
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method		0	0	61
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method		0	0	0
Impaired Financing Receivable, Interest Income, Cash Basis Method		$ 0	$ 0	$ 61

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

XML

Loan Portfolio and Credit Quality TDR Loans Restructured or Defaulted in Period (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016 USD ($) Loans		Mar. 31, 2015 USD ($) Loans	Dec. 31, 2015 USD ($)
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 28,900			$ 30,600
Financing Receivable, Modifications, Number of Contracts | Loans	2		6
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 320		$ 382
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 145		$ 382
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	$ 0		$ 0
Accruing Troubled Debt Restructured Loans [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 17,900			$ 18,600
Commercial and industrial [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	1		0
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 175		$ 0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	$ 0		$ 0
Commercial and industrial [Member] | Extension of Term [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Commercial and industrial [Member] | Temporary Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Commercial and industrial [Member] | Payment Deferral [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Commercial and industrial [Member] | Combination of Concessions [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	1	[1]	0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0	[1]	$ 0
Commercial real estate [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 0		$ 0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	$ 0		$ 0
Commercial real estate [Member] | Extension of Term [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Commercial real estate [Member] | Temporary Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Commercial real estate [Member] | Payment Deferral [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Commercial real estate [Member] | Combination of Concessions [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Construction and land [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 0		$ 0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	$ 0		$ 0
Construction and land [Member] | Extension of Term [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Construction and land [Member] | Temporary Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Construction and land [Member] | Payment Deferral [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Construction and land [Member] | Combination of Concessions [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Residential [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	1		6
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 145		$ 382
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 145		$ 382
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	$ 0		$ 0
Residential [Member] | Extension of Term [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Residential [Member] | Temporary Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	1		6
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 145		$ 382
Residential [Member] | Payment Deferral [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Residential [Member] | Combination of Concessions [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Home equity [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 0		$ 0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	$ 0		$ 0
Home equity [Member] | Extension of Term [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Home equity [Member] | Temporary Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Home equity [Member] | Payment Deferral [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Home equity [Member] | Combination of Concessions [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Consumer and other [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 0		$ 0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	$ 0		$ 0
Consumer and other [Member] | Extension of Term [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Consumer and other [Member] | Temporary Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Consumer and other [Member] | Payment Deferral [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0		$ 0
Consumer and other [Member] | Combination of Concessions [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts | Loans	0		0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 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.

XML

Loan Portfolio and Credit Quality Loan footnote text disclosures (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Deferred Income	$ 5,900	$ 5,600
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	0	0
Financing Receivable, Modifications, Recorded Investment	28,900	30,600
Accruing Troubled Debt Restructured Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 17,900	$ 18,600

XML

Allowance for Loan Losses Allowance Rollforward (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period		$ 78,500	$ 75,838
Provision/ (credit) for loan losses		(3,133)	(2,500)
Financing Receivable, Allowance for Credit Losses, Charge-offs		(3,016)	(54)
Financing Receivable, Allowance for Credit Losses, Recoveries		4,076	3,979
Loans and Leases Receivable, Allowance at End of Period		76,427	77,263
Commercial and industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period		15,814	14,114
Provision/ (credit) for loan losses		(657)	(1,981)
Financing Receivable, Allowance for Credit Losses, Charge-offs		(2,108)	0
Financing Receivable, Allowance for Credit Losses, Recoveries		1,294	2,204
Loans and Leases Receivable, Allowance at End of Period		14,343	14,337
Commercial real estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period		44,215	43,854
Provision/ (credit) for loan losses		(1,847)	(933)
Financing Receivable, Allowance for Credit Losses, Charge-offs		0	0
Financing Receivable, Allowance for Credit Losses, Recoveries		2,151	631
Loans and Leases Receivable, Allowance at End of Period		44,519	43,552
Construction and land [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period		6,322	4,041
Provision/ (credit) for loan losses		(998)	227
Financing Receivable, Allowance for Credit Losses, Charge-offs		(400)	0
Financing Receivable, Allowance for Credit Losses, Recoveries		627	1,143
Loans and Leases Receivable, Allowance at End of Period		5,551	5,411
Residential [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period		10,544	10,374
Provision/ (credit) for loan losses		591	72
Financing Receivable, Allowance for Credit Losses, Charge-offs		(501)	(49)
Financing Receivable, Allowance for Credit Losses, Recoveries		0	0
Loans and Leases Receivable, Allowance at End of Period		10,634	10,397
Home equity [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period		1,085	1,003
Provision/ (credit) for loan losses		(6)	13
Financing Receivable, Allowance for Credit Losses, Charge-offs		0	0
Financing Receivable, Allowance for Credit Losses, Recoveries		0	0
Loans and Leases Receivable, Allowance at End of Period		1,079	1,016
Consumer and other [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period		520	382
Provision/ (credit) for loan losses		(216)	130
Financing Receivable, Allowance for Credit Losses, Charge-offs		(7)	(5)
Financing Receivable, Allowance for Credit Losses, Recoveries		4	1
Loans and Leases Receivable, Allowance at End of Period		301	508
Unallocated Financing Receivables [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance at Beginning of Period	[1]	0	2,070
Provision/ (credit) for loan losses		0	(28)
Loans and Leases Receivable, Allowance at End of Period	[1]	$ 0	$ 2,042

[1] As of December 31, 2015, the unallocated reserve was allocated to the qualitative factors as part of the general reserves (ASC 450).

XML

Allowance for Loan Losses Allowance by impairment analysis method (Details) - USD ($)		Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		$ 1,167,000	$ 1,629,000
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment		75,260,000	76,871,000
Loans and Leases Receivable, Allowance		76,427,000	78,500,000	$ 77,263,000	$ 75,838,000
Financing Receivable, Individually Evaluated for Impairment		36,942,000	39,172,000
Financing Receivable, Collectively Evaluated for Impairment		5,621,239,000	5,680,040,000
Total loans		5,658,181,000	5,719,212,000
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, Individually Evaluated for Impairment		23,000	270,000
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment		14,320,000	15,544,000
Loans and Leases Receivable, Allowance		14,343,000	15,814,000	14,337,000	14,114,000
Financing Receivable, Individually Evaluated for Impairment		2,494,000	2,274,000
Financing Receivable, Collectively Evaluated for Impairment		1,067,477,000	1,109,281,000
Total loans		1,069,971,000	1,111,555,000
Commercial real estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		671,000	713,000
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment		43,848,000	43,502,000
Loans and Leases Receivable, Allowance		44,519,000	44,215,000	43,552,000	43,854,000
Financing Receivable, Individually Evaluated for Impairment		19,199,000	19,462,000
Financing Receivable, Collectively Evaluated for Impairment		1,906,320,000	1,894,672,000
Total loans		1,925,519,000	1,914,134,000
Construction and land [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		0	172,000
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment		5,551,000	6,150,000
Loans and Leases Receivable, Allowance		5,551,000	6,322,000	5,411,000	4,041,000
Financing Receivable, Individually Evaluated for Impairment		2,850,000	3,297,000
Financing Receivable, Collectively Evaluated for Impairment		163,824,000	180,137,000
Total loans		166,674,000	183,434,000
Residential [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		473,000	474,000
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment		10,161,000	10,070,000
Loans and Leases Receivable, Allowance		10,634,000	10,544,000	10,397,000	10,374,000
Financing Receivable, Individually Evaluated for Impairment		12,399,000	14,139,000
Financing Receivable, Collectively Evaluated for Impairment		2,204,476,000	2,215,401,000
Total loans		2,216,875,000	2,229,540,000
Home equity [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		0	0
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment		1,079,000	1,085,000
Loans and Leases Receivable, Allowance		1,079,000	1,085,000	1,016,000	1,003,000
Financing Receivable, Individually Evaluated for Impairment		0	0
Financing Receivable, Collectively Evaluated for Impairment		118,807,000	119,828,000
Total loans		118,807,000	119,828,000
Consumer and other [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		0	0
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment		301,000	520,000
Loans and Leases Receivable, Allowance		301,000	520,000	508,000	382,000
Financing Receivable, Individually Evaluated for Impairment		0	0
Financing Receivable, Collectively Evaluated for Impairment		160,335,000	160,721,000
Total loans		160,335,000	160,721,000
Unallocated Financing Receivables [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Allowance	[1]	$ 0	$ 0	$ 2,042,000	$ 2,070,000

[1] As of December 31, 2015, the unallocated reserve was allocated to the qualitative factors as part of the general reserves (ASC 450).

XML

Derivatives and Hedging Activities Derivatives Fair Value and Balance Sheet Classification (Details) - USD ($) $ in Thousands		Mar. 31, 2016	Dec. 31, 2015
Other Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	[1]	$ 16,968	$ 7,960
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	0
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],[2]	16,968	7,960
Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	[1]	(21,139)	(10,002)
Other Liabilities [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	[1]	(3,437)	(1,907)
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],[2]	$ (17,702)	$ (8,095)

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

[2] Includes Risk Participation Agreements.

XML

Derivatives and Hedging Activities Effect of Derivative Instruments on Statement of Operations (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	[1]	$ (1,948)	$ (1,873)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net		(461)	(1,018)
Derivative Instruments, Gain Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing		0	0
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		(461)	(1,018)
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],[2]	$ (1,948)	$ (1,873)

[1] There was no ineffective portion as of March 31, 2016 or 2015.

[2] Includes Risk Participation Agreements.

XML

Derivatives and Hedging Activities Accumulated Other Comprehensive Income Related to Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Derivative [Line Items]
Accumulated other comprehensive income on cash flow hedges, balance at beginning of year	$ (1,123)	$ (1,923)
Net change in unrealized gain/ (loss) on cash flow hedges	(900)	(509)
Accumulated other comprehensive income on cash flow hedges, balance at end of period	$ (2,023)	$ (2,432)

XML

Derivatives and Hedging Activities Derivatives collateral with counterparties (Details) - Interest Rate Swap [Member] - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Collateral, Obligation to Return Cash	$ 21.1	$ 9.7
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Collateral, Right to Reclaim Securities	$ 19.9	9.8
Derivative, Collateral, Right to Reclaim Cash		$ 2.0

XML

Derivatives and Hedging Activities Cash Flow Hedges Text Description (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016 USD ($) contracts	Mar. 31, 2015 USD ($)
Derivative [Line Items]
Objectives for Using Derivative Instruments	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.
Derivative Instruments, Gain Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing	$ 0	$ 0
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	$ 1,600
Private Banking Segment [Member]
Derivative [Line Items]
Number of Interest Rate Derivatives Held | contracts	6
Private Banking Segment [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivatives, Total Notional Amount	$ 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, Inception Date	Aug. 01, 2013
Derivative Asset, Notional Amount	$ 25,000
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%
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%
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%
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, Inception Date	Mar. 01, 2014
Derivative Asset, Notional Amount	$ 25,000
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%
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%
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%
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, Inception Date	Jun. 01, 2014
Derivative Asset, Notional Amount	$ 25,000
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%
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%
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%
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, Inception Date	Sep. 02, 2014
Derivative Asset, Notional Amount	$ 25,000
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%
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%
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%
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, Inception Date	Dec. 01, 2014
Derivative Asset, Notional Amount	$ 25,000
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%
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%
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%
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, Inception Date	Jun. 01, 2014
Derivative Asset, Notional Amount	$ 25,000
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%
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%
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%

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Derivatives and Hedging Activities Non-designated Hedges Text description (Details) - Not Designated as Hedging Instrument [Member] $ in Millions	Mar. 31, 2016 USD ($) contracts	Dec. 31, 2015 USD ($) contracts
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held | contracts	100	76
Derivative, Notional Amount	$ 672.7	$ 475.3
Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held | contracts	1	0
Derivative, Notional Amount	$ 0.1
Loan Participations and Assignments [Member]
Derivative [Line Items]
Derivative, Notional Amount	8.3	$ 8.3
Other Contract [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held | contracts		0
Derivative, Notional Amount	$ 1.9

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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
		Mar. 31, 2016	Mar. 31, 2015
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		$ (599)	$ 34
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		(605)	(6)
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]	$ 6	$ 40

[1] Risk Participation Agreements.

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Income Taxes (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Income Tax Expense Components [Line Items]
Income before income taxes		$ 24,325	$ 26,490
Income tax expense		7,438	8,572
Net income from continuing operations		$ 16,887	$ 17,918
Effective Income Tax Rate, Continuing Operations		30.60%	32.40%
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax		$ 3,530	$ 3,663
Discontinued Operation, Tax Effect of Discontinued Operation		1,465	1,569
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	[1]	$ 2,065	$ 2,094
Effective Tax Rate Discontinued Operations		41.50%	42.80%
Tax effect Attributable to Noncontrolling Interests		$ 0	$ 0
Net income attributable to noncontrolling interests		$ 911	$ 1,229
Effective Tax Rate Noncontrolling Interests		0.00%	0.00%
Income from Continuing and Discontinued Operations Attributable to Parent Before Tax		$ 26,944	$ 28,924
Tax Expense (Benefit) Total		8,903	10,141
Net income attributable to the Company		$ 18,041	$ 18,783
Effective Tax Rate Total		33.00%	35.10%

[1] The Company presents its EPS based on the treasury stock method. The Company reverted to the treasury stock presentation from the two-class presentation due to the immaterial number of participating shares outstanding as of March 31, 2016. If the EPS presentation had been based on the two-class method, the following adjustments would have been made to the presentation of EPS for the three months ended March 31, 2016. Net income attributable to common shareholders would have been reduced by an additional $4 thousand, and the allocation of net income to participating securities would have been $6 thousand, reducing net income attributable to common shareholders by a total of $10 thousand. Basic EPS would not change. Weighted average diluted shared outstanding would have been reduced by 37,298 shares. Diluted EPS would not change.If the EPS presentation had been based on the two-class method, the following adjustments would have been made to the presentation of EPS for the three months ended March 31, 2015. Net income attributable to common shareholders would have been reduced by an additional $43 thousand, and the allocation of net income to participating securities would have been $60 thousand, reducing net income attributable to common shareholders by a total of $103 thousand. Basic EPS would not change. Weighted average diluted shared outstanding would have been reduced by 341,603 shares. Diluted EPS would not change.

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Income Taxes Income Taxes Discussion (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	30.60%	32.40%
Income tax expense	$ 7,438	$ 8,572
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate	35.00%	35.00%

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Noncontrolling Interests Components of Noncontrolling Interests (Details) - USD ($) $ in Thousands		Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Redeemable Noncontrolling Interest [Line Items]
Redeemable and Nonredeemable Noncontrolling Interest		$ 20,054	$ 21,481
Redeemable Noncontrolling Interests		16,938	18,088
Nonredeemable Noncontrolling Interest		3,116	3,393
Anchor [Member]
Redeemable Noncontrolling Interest [Line Items]
Redeemable and Nonredeemable Noncontrolling Interest		11,725	11,907
BOS [Member]
Redeemable Noncontrolling Interest [Line Items]
Redeemable and Nonredeemable Noncontrolling Interest		6,079	6,744
DGHM [Member]
Redeemable Noncontrolling Interest [Line Items]
Redeemable Noncontrolling Interests	[1]	2,250	2,830
Redeemable Noncontrolling Interest [Member]
Redeemable Noncontrolling Interest [Line Items]
Redeemable Noncontrolling Interests		16,938	18,088	$ 19,911	$ 20,905
Noncontrolling Interest [Member]
Redeemable Noncontrolling Interest [Line Items]
Nonredeemable Noncontrolling Interest		$ 3,116	$ 3,393	$ 2,601	$ 386

[1] Only includes redeemable noncontrolling interests.

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Noncontrolling Interests Redeemable Noncontrolilng Interests Rollforward (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Redeemable Noncontrolling Interest [Line Items]
Redeemable noncontrolling interests at beginning of year	$ 18,088
Nonredeemable Noncontrolling Interest at beginning of year	3,393
Net income attributable to noncontrolling interests	911	$ 1,229
Redeemable noncontrolling interests at end of period	16,938
Nonredeemable Noncontrolling Interest at end of period	3,116
Redeemable Noncontrolling Interest [Member]
Redeemable Noncontrolling Interest [Line Items]
Redeemable noncontrolling interests at beginning of year	18,088	20,905
Net income attributable to noncontrolling interests	718	1,080
Redeemable noncontrolling interest, decrease from distributions to redeemable noncontrolling interest holders	(616)	(1,055)
Redeemable Noncontrolling Interest Increase, Purchase of Additional Ownership Interest	142	0
Noncontrolling Interest, Increase from Subsidiary Equity Issuance		(1,652)
Amortization of Noncontrolling Interest Equity Compensation	111	0
Noncontrolling Interest, adjustment to fair value	(1,505)	633
Redeemable noncontrolling interests at end of period	16,938	19,911
Noncontrolling Interest [Member]
Redeemable Noncontrolling Interest [Line Items]
Nonredeemable Noncontrolling Interest at beginning of year	3,393	386
Net income attributable to noncontrolling interests	193	149
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	(242)	(136)
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	0	419
Noncontrolling Interest, Increase from Subsidiary Equity Issuance		1,652
Amortization of Noncontrolling Interest Equity Compensation	132	118
Noncontrolling Interest, adjustment to fair value	(360)	13
Nonredeemable Noncontrolling Interest at end of period	$ 3,116	$ 2,601

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Noncontrolling Interests Noncontrolling Interests - Text Details (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Noncontrolling Interest [Abstract]
Net income attributable to noncontrolling interests	$ 911	$ 1,229
Redeemable Noncontrolling Interest, Equity, Carrying Amount	16,938		$ 18,088
Nonredeemable Noncontrolling Interest	$ 3,116		$ 3,393

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Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Gain (Loss) on Sale of Securities, Net	$ 1	$ 8
Interest Expense, Junior Subordinated Debentures	(578)	(956)
Interest Expense, Deposits	(4,182)	(3,892)
Other	13	1,088
Income tax expense	7,438	8,572
Net Income (Loss) Attributable to Parent	18,041	18,783
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(245)	(586)
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	1	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	0	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	1	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	0	(471)
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	0	(202)
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	0	(269)
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	(461)	(547)
Other	(42)	0
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	(173)	(225)
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	$ (246)	$ (322)

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Restructuring (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, beginning of period	$ 3,305	$ 739	$ 739
Restructuring and Related Cost, Incurred Cost	1,112	0
Restructuring Reserve, Settled with Cash	(849)	(489)
Restructuring Reserve, end of period	3,568	250	3,305	$ 739
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, beginning of period	3,305	739	739
Restructuring and Related Cost, Incurred Cost	1,112	0
Restructuring Reserve, Settled with Cash	(849)	(489)
Restructuring Reserve, end of period	3,568	$ 250	3,305	739
Banyan Acquisition and WMT Management Restructuring Plan [Member] | Wealth Management and Trust Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	5,600
Restructuring and Related Cost, Incurred Cost	$ 1,100		$ 3,700	$ 700