GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following tables detail the changes in carrying value of goodwill by segment during the years ended December 31, 2020 and 2019.

	As of December 31, 2020		As of December 31, 2019
	(In thousands)
Goodwill
Wealth Management and Trust (1)	$	57,607	$	57,607
Total goodwill	$	57,607	$	57,607

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(1)The goodwill balance in the Wealth Management and Trust segment as of December 31, 2020 and 2019 includes goodwill from the legacy KLS entity that was merged with Boston Private Wealth in 2019. See Part II. Item 8. “Financial Statements and Supplementary Data - Note 1: Basis of Presentation and Summary of Significant Accounting Policies” for additional information on the merger.

Schedule of Intangible Assets and Goodwill

The following table details total goodwill and the cumulative impairment charges thereon as of December 31, 2020 and 2019:

	Goodwill prior to impairment		Cumulative goodwill impairment		Goodwill
	(In thousands)
Private Banking	$	34,281	$	(34,281)	$	—
Wealth Management and Trust	67,135		(9,528)		57,607
Holding Company and Eliminations	75,162		(75,162)		—
Total goodwill at December 31, 2020 and 2019	$	176,578	$	(118,971)	$	57,607

Schedule of Finite-Lived Intangible Assets

The following table shows the gross and net carrying amounts of identifiable intangible assets at December 31, 2020 and 2019:

	2020						2019
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
	(In thousands)
Advisory contracts	$	23,950	$	16,769	$	7,181	$	23,950	$	14,376	$	9,574
Mortgage servicing rights	1,243		326		917		816		38		778
Commercial servicing rights	973		15		958		—		—		—
Total	$	26,166	$	17,110	$	9,056	$	24,766	$	14,414	$	10,352

Schedule of Expected Amortization Expense

The estimated annual amortization expense for these identifiable intangible assets over the next five years is:

	Estimated intangible amortization expense
	(In thousands)
2021	$	2,417
2022	2,381
2023	2,318
2024	1,765
2025	175
Thereafter	—
Total	$	9,056