XML 75 R56.htm IDEA: XBRL DOCUMENT v3.6.0.2
Boston Private Financial Holdings, Inc. (Parent Company Only) (Tables)
12 Months Ended
Dec. 31, 2016
BOSTON PRIVATE FINANCIAL HOLDINGS, INC. (PARENT COMPANY ONLY) [Abstract]  
Schedule of Condensed Balance Sheet [Table Text Block]
CONDENSED BALANCE SHEETS
 
December 31, 2016
 
December 31, 2015
(In thousands)
Assets:
 
 
 
Cash and cash equivalents
$
54,694

 
$
55,385

Investment in wholly-owned and majority-owned subsidiaries:
 
 
 
Bank
694,517

 
671,204

Non-banks
137,262

 
138,178

Investment in partnerships and trusts
6,340

 
6,340

Deferred income taxes

 
1,460

Other assets
17,131

 
14,243

Total assets
$
909,944

 
$
886,810

Liabilities:
 
 
 
Junior subordinated debentures
$
106,363

 
$
106,363

Deferred income taxes
8,638

 

Other liabilities
9,490

 
15,746

Total liabilities
124,491

 
122,109

Redeemable Noncontrolling Interests (1)
21,133

 
21,481

Total Shareholders’ Equity
764,320

 
743,220

Total liabilities, redeemable noncontrolling interests and shareholders’ equity
$
909,944

 
$
886,810

___________________
(1)
Includes noncontrolling interests and the maximum redemption value of redeemable noncontrolling interests.
Schedule of Condensed Income Statement [Table Text Block]
CONDENSED STATEMENTS OF OPERATIONS
 
Year ended December 31,
 
2016
 
2015
 
2014
 
(In thousands)
Income:
 
 
 
 
 
Interest income
$
130

 
$
116

 
$
115

Dividends from subsidiaries:
 
 
 
 
 
Bank
22,700

 
22,700

 
26,500

Non-banks
24,044

 
28,789

 
20,356

Other income
310

 
236

 
279

Total income
47,184

 
51,841

 
47,250

Operating Expense:
 
 
 
 
 
Salaries and employee benefits
4,620

 
10,320

 
11,876

Professional fees
1,337

 
2,007

 
2,965

Interest expense
2,427

 
3,875

 
3,872

Other expenses
1,381

 
2,740

 
2,966

Total operating expense
9,765

 
18,942

 
21,679

Income before income taxes
37,419

 
32,899

 
25,571

Income tax benefit
(3,751
)
 
(6,877
)
 
(8,599
)
Net income from discontinued operations
5,541

 
6,411

 
6,160

Income before equity in undistributed earnings of subsidiaries
46,711

 
46,187

 
40,330

Equity in undistributed earnings of subsidiaries
24,917

 
18,738

 
28,485

Net income attributable to the Company
$
71,628

 
$
64,925

 
$
68,815



Schedule of Condensed Cash Flow Statement [Table Text Block]
CONDENSED STATEMENTS OF CASH FLOWS
 
Year ended December 31,
 
2016
 
2015
 
2014
(In thousands)
Cash flows from operating activities:
 
 
 
 
 
Net income attributable to the Company
$
71,628

 
$
64,925

 
$
68,815

Net income from discontinued operations
5,541

 
6,411

 
6,160

Net income from continuing operations
66,087

 
58,514

 
62,655

Adjustments to reconcile net income from continuing operations to net cash provided by/ (used in) operating activities:
 
 
 
 
 
Equity in earnings of subsidiaries:
 
 
 
 
 
Bank
(58,184
)
 
(57,201
)
 
(62,491
)
Non-banks
(13,477
)
 
(13,026
)
 
(12,850
)
Dividends from subsidiaries:
 
 
 
 
 
Bank
22,700

 
22,700

 
26,500

Non-banks
24,044

 
28,789

 
20,356

Deferred income tax expense/ (benefit)
10,000

 
(4,575
)
 
4,642

Depreciation and amortization
(738
)
 
5,097

 
1,743

Net decrease/ (increase) in other operating activities
(16,633
)
 
2,167

 
(2,834
)
Net cash provided by/ (used in) operating activities of continuing operations
33,799

 
42,465

 
37,721

Net cash provided by/ (used in) operating activities of discontinued operations
5,541

 
6,411

 
6,160

Net cash provided by/ (used in) operating activities
39,340

 
48,876

 
43,881

Cash flows from investing activities:
 
 
 
 
 
Cash paid for acquisitions, including deferred acquisition obligations
1,890

 
1,821

 

Capital investments in subsidiaries:
 
 
 
 
 
Bank

 

 
(29,007
)
Non-banks
(1,220
)
 
(1,723
)
 
(1,497
)
Net cash (used in)/ provided by in other investing activities
1

 
1

 
(98
)
Net cash provided by/ (used in) investing activities of continuing operations
671

 
99

 
(30,602
)
Net cash provided by/ (used in) investing activities of discontinued operations

 

 

Net cash provided by/ (used in) investing activities
671

 
99

 
(30,602
)
Cash flows from financing activities:
 
 
 
 
 
Repurchase of common stock
(9,323
)
 

 

Dividends paid to common shareholders
(33,110
)
 
(29,608
)
 
(25,829
)
Dividends paid to preferred shareholders
(3,475
)
 
(3,475
)
 
(3,475
)
Tax savings/ (deficiency) from certain stock compensation awards
(620
)
 
(1,262
)
 
1,294

Proceeds from stock option exercises
1,725

 
1,206

 
1,807

Proceeds from issuance of common stock, net
7,786

 
160

 
32,387

Other equity adjustments
(3,685
)
 
(5,204
)
 
(7,424
)
Net cash provided by/ (used in) financing activities of continuing operations
(40,702
)
 
(38,183
)
 
(1,240
)
Net cash provided by/ (used in) financing activities of discontinued operations

 

 

Net cash provided by/ (used in) financing activities
(40,702
)
 
(38,183
)
 
(1,240
)
Net (decrease)/ increase in cash and cash equivalents
(691
)
 
10,792

 
12,039

Cash and cash equivalents at beginning of year
55,385

 
44,593

 
32,554

Cash and cash equivalents at end of year
$
54,694

 
$
55,385

 
$
44,593