00008211272019FYFALSETen Post Office SquareBostonMassachusetts83,363,8411,004,597,108--12-31966,9001,018,77447,94968,5951.001.002,000,0002,000,0006.956.95—50,000—50,0001,0001,0001.001.00170,000,000170,000,00083,265,67483,655,65183,265,67483,655,6510.480.480.44278,060142,817140,28456,76740,475—10,026154,90599,927119,590161,96791,100678,1651,642,635—.07P8Y2449——————2449——————————1736——————1736————————————23,22733,618——56,845——1283.01251.0——2534——————————P5YP5YP5Y2013-08-012014-03-012014-06-012017-03-22252525605.05.05.02.256.06.06.01.681.681.681.652.032.032.031.821.821.82The interest rate swaps will effectively fix the Bank’s interest payments on $75 million of its LIBOR-indexed deposit liabilitiesThe interest rate swaps will effectively fix the Bank’s interest payments on $75 million of its LIBOR-indexed deposit liabilitiesThe interest rate swaps will effectively fix the Bank’s interest payments on $75 million of its LIBOR-indexed deposit liabilitiesThese interest rate swaps will effectively fix the Bank’s interest payments on $60 million in interest-related cash outflows attributable to changes in the LIBOR component of FHLB borrowing liabilities2525At December 31, 2019 and 2018, the Company was in compliance with the above covenants.P5YP7YP5YP6M1,3832,5261,3832,526——P1Y.02500—000P6M00008211272019-01-012019-12-31iso4217:USD00008211272019-06-30xbrli:shares00008211272020-02-2100008211272019-12-3100008211272018-12-31iso4217:USDxbrli:sharesxbrli:pure00008211272018-01-012018-12-3100008211272017-01-012017-12-310000821127us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember2019-01-012019-12-310000821127us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember2018-01-012018-12-310000821127us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember2017-01-012017-12-310000821127us-gaap:AssetManagement1Member2019-01-012019-12-310000821127us-gaap:AssetManagement1Member2018-01-012018-12-310000821127us-gaap:AssetManagement1Member2017-01-012017-12-310000821127bpfh:OtherBankingFeeIncomeMember2019-01-012019-12-310000821127bpfh:OtherBankingFeeIncomeMember2018-01-012018-12-310000821127bpfh:OtherBankingFeeIncomeMember2017-01-012017-12-310000821127bpfh:GainOnSaleOfLoansNetMember2019-01-012019-12-310000821127bpfh:GainOnSaleOfLoansNetMember2018-01-012018-12-310000821127bpfh:GainOnSaleOfLoansNetMember2017-01-012017-12-310000821127us-gaap:PreferredStockIncludingAdditionalPaidInCapitalMember2016-12-310000821127us-gaap:CommonStockMember2016-12-310000821127us-gaap:AdditionalPaidInCapitalMember2016-12-310000821127us-gaap:RetainedEarningsMember2016-12-310000821127us-gaap:AccumulatedOtherComprehensiveIncomeMember2016-12-310000821127us-gaap:NoncontrollingInterestMember2016-12-3100008211272016-12-310000821127us-gaap:RetainedEarningsMember2017-01-010000821127us-gaap:AccumulatedOtherComprehensiveIncomeMember2017-01-010000821127us-gaap:RetainedEarningsMember2017-01-012017-12-310000821127us-gaap:AccumulatedOtherComprehensiveIncomeMember2017-01-012017-12-310000821127us-gaap:NoncontrollingInterestMember2017-01-012017-12-310000821127us-gaap:CommonStockMember2017-01-012017-12-310000821127us-gaap:AdditionalPaidInCapitalMember2017-01-012017-12-310000821127us-gaap:PreferredStockIncludingAdditionalPaidInCapitalMember2017-12-310000821127us-gaap:CommonStockMember2017-12-310000821127us-gaap:AdditionalPaidInCapitalMember2017-12-310000821127us-gaap:RetainedEarningsMember2017-12-310000821127us-gaap:AccumulatedOtherComprehensiveIncomeMember2017-12-310000821127us-gaap:NoncontrollingInterestMember2017-12-3100008211272017-12-310000821127us-gaap:RetainedEarningsMember2018-01-010000821127us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-01-010000821127us-gaap:RetainedEarningsMember2018-01-012018-12-310000821127us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-01-012018-12-310000821127us-gaap:NoncontrollingInterestMember2018-01-012018-12-310000821127us-gaap:PreferredStockIncludingAdditionalPaidInCapitalMember2018-01-012018-12-310000821127us-gaap:AdditionalPaidInCapitalMember2018-01-012018-12-310000821127us-gaap:CommonStockMember2018-01-012018-12-310000821127us-gaap:PreferredStockIncludingAdditionalPaidInCapitalMember2018-12-310000821127us-gaap:CommonStockMember2018-12-310000821127us-gaap:AdditionalPaidInCapitalMember2018-12-310000821127us-gaap:RetainedEarningsMember2018-12-310000821127us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-310000821127us-gaap:NoncontrollingInterestMember2018-12-310000821127us-gaap:RetainedEarningsMember2019-01-012019-12-310000821127us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-012019-12-310000821127us-gaap:CommonStockMember2019-01-012019-12-310000821127us-gaap:AdditionalPaidInCapitalMember2019-01-012019-12-310000821127us-gaap:PreferredStockIncludingAdditionalPaidInCapitalMember2019-12-310000821127us-gaap:CommonStockMember2019-12-310000821127us-gaap:AdditionalPaidInCapitalMember2019-12-310000821127us-gaap:RetainedEarningsMember2019-12-310000821127us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310000821127us-gaap:NoncontrollingInterestMember2019-12-31bpfh:segmentbpfh:market0000821127bpfh:PrivateBankingSegmentMember2019-12-31bpfh:reportableSegment00008211272019-01-012019-06-30bpfh:subsidiary0000821127bpfh:AffiliatePartnersSegmentMember2019-01-012019-06-300000821127us-gaap:ResidentialPortfolioSegmentMember2019-12-310000821127us-gaap:LeaseholdImprovementsMember2019-01-012019-12-310000821127us-gaap:BuildingMember2019-01-012019-12-310000821127us-gaap:FurnitureAndFixturesMember2019-01-012019-12-310000821127us-gaap:OfficeEquipmentMember2019-01-012019-12-310000821127us-gaap:ComputerEquipmentMember2019-01-012019-12-310000821127srt:MinimumMember2019-01-012019-12-310000821127srt:MaximumMember2019-01-012019-12-31bpfh:plan0000821127us-gaap:AccountingStandardsUpdate201601Memberus-gaap:AccumulatedOtherComprehensiveIncomeMember2018-01-010000821127us-gaap:AccountingStandardsUpdate201601Memberus-gaap:RetainedEarningsMember2018-01-010000821127us-gaap:AccountingStandardsUpdate201602Member2019-01-010000821127us-gaap:AccountingStandardsUpdate201802Memberus-gaap:RetainedEarningsMember2017-12-310000821127us-gaap:AccumulatedOtherComprehensiveIncomeMemberus-gaap:AccountingStandardsUpdate201802Member2017-12-3100008211272018-07-012018-09-3000008211272018-10-012018-12-3100008211272019-01-012019-03-3100008211272018-07-012018-12-310000821127us-gaap:EmployeeSeveranceMember2016-12-310000821127us-gaap:OtherExpenseMember2016-12-310000821127us-gaap:EmployeeSeveranceMember2017-01-012017-12-310000821127us-gaap:OtherExpenseMember2017-01-012017-12-310000821127us-gaap:EmployeeSeveranceMember2017-12-310000821127us-gaap:OtherExpenseMember2017-12-310000821127us-gaap:EmployeeSeveranceMember2018-01-012018-12-310000821127us-gaap:OtherExpenseMember2018-01-012018-12-310000821127us-gaap:EmployeeSeveranceMember2018-12-310000821127us-gaap:OtherExpenseMember2018-12-310000821127us-gaap:EmployeeSeveranceMember2019-01-012019-12-310000821127us-gaap:OtherExpenseMember2019-01-012019-12-310000821127us-gaap:EmployeeSeveranceMember2019-12-310000821127us-gaap:OtherExpenseMember2019-12-3100008211272019-03-310000821127bpfh:BinghamOsbornScarboroughLLCMember2018-01-012018-12-310000821127bpfh:BinghamOsbornScarboroughLLCMember2019-12-310000821127bpfh:BinghamOsbornScarboroughLLCMember2018-10-012018-12-310000821127bpfh:AnchorMember2018-01-012018-12-310000821127bpfh:AnchorMember2019-12-310000821127bpfh:AnchorMember2017-10-012017-12-310000821127bpfh:WestfieldCapitalManagementCompanyLlcMember2017-12-310000821127us-gaap:USTreasuryAndGovernmentMember2019-12-310000821127us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2019-12-310000821127us-gaap:MunicipalBondsMember2019-12-310000821127us-gaap:MortgageBackedSecuritiesOtherMember2019-12-310000821127us-gaap:MoneyMarketFundsMember2019-12-310000821127us-gaap:OtherAggregatedInvestmentsMember2019-12-310000821127us-gaap:USTreasuryAndGovernmentMember2018-12-310000821127us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2018-12-310000821127us-gaap:MunicipalBondsMember2018-12-310000821127us-gaap:MortgageBackedSecuritiesOtherMember2018-12-310000821127us-gaap:MoneyMarketFundsMember2018-12-31bpfh:security0000821127us-gaap:StockholdersEquityTotalMember2019-01-012019-12-310000821127us-gaap:CreditConcentrationRiskMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember2019-12-310000821127us-gaap:CreditConcentrationRiskMemberus-gaap:FederalHomeLoanBankCertificatesAndObligationsFHLBMember2019-12-310000821127us-gaap:CreditConcentrationRiskMemberus-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember2019-12-310000821127us-gaap:CreditConcentrationRiskMember2019-12-310000821127bpfh:IncomeTaxExpenseMember2019-01-012019-12-310000821127bpfh:IncomeTaxExpenseMember2018-01-012018-12-310000821127bpfh:IncomeTaxExpenseMember2017-01-012017-12-310000821127us-gaap:CommercialLoanMember2019-12-310000821127us-gaap:CommercialLoanMember2018-12-310000821127bpfh:CommercialTaxExemptMember2019-12-310000821127bpfh:CommercialTaxExemptMember2018-12-310000821127bpfh:CommercialandIndustrialPortfolioSegmentMember2019-12-310000821127bpfh:CommercialandIndustrialPortfolioSegmentMember2018-12-310000821127us-gaap:CommercialRealEstatePortfolioSegmentMember2019-12-310000821127us-gaap:CommercialRealEstatePortfolioSegmentMember2018-12-310000821127us-gaap:ConstructionLoansMember2019-12-310000821127us-gaap:ConstructionLoansMember2018-12-310000821127us-gaap:ResidentialPortfolioSegmentMember2019-12-310000821127us-gaap:ResidentialPortfolioSegmentMember2018-12-310000821127us-gaap:HomeEquityMember2019-12-310000821127us-gaap:HomeEquityMember2018-12-310000821127us-gaap:ConsumerPortfolioSegmentMember2019-12-310000821127us-gaap:ConsumerPortfolioSegmentMember2018-12-310000821127us-gaap:ResidentialPortfolioSegmentMember2019-01-012019-12-310000821127bpfh:MortgageServicingRightsMember2019-01-012019-12-310000821127us-gaap:CommercialLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310000821127us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialLoanMember2019-12-310000821127us-gaap:CommercialLoanMemberus-gaap:FinancingReceivables1To29DaysPastDueMember2019-12-310000821127bpfh:FinancingReceivables30to89DaysPastDueMemberus-gaap:CommercialLoanMember2019-12-310000821127us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialLoanMember2019-12-310000821127us-gaap:FinancingReceivables30To59DaysPastDueMemberbpfh:CommercialTaxExemptMember2019-12-310000821127us-gaap:FinancingReceivables60To89DaysPastDueMemberbpfh:CommercialTaxExemptMember2019-12-310000821127us-gaap:FinancingReceivables1To29DaysPastDueMemberbpfh:CommercialTaxExemptMember2019-12-310000821127bpfh:FinancingReceivables30to89DaysPastDueMemberbpfh:CommercialTaxExemptMember2019-12-310000821127us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberbpfh:CommercialTaxExemptMember2019-12-310000821127us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2019-12-310000821127us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2019-12-310000821127us-gaap:FinancingReceivables1To29DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2019-12-310000821127bpfh:FinancingReceivables30to89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2019-12-310000821127us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2019-12-310000821127us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ConstructionLoansMember2019-12-310000821127us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConstructionLoansMember2019-12-310000821127us-gaap:FinancingReceivables1To29DaysPastDueMemberus-gaap:ConstructionLoansMember2019-12-310000821127bpfh:FinancingReceivables30to89DaysPastDueMemberus-gaap:ConstructionLoansMember2019-12-310000821127us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConstructionLoansMember2019-12-310000821127us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310000821127us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2019-12-310000821127us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables1To29DaysPastDueMember2019-12-310000821127bpfh:FinancingReceivables30to89DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2019-12-310000821127us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310000821127us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:HomeEquityMember2019-12-310000821127us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:HomeEquityMember2019-12-310000821127us-gaap:HomeEquityMemberus-gaap:FinancingReceivables1To29DaysPastDueMember2019-12-310000821127bpfh:FinancingReceivables30to89DaysPastDueMemberus-gaap:HomeEquityMember2019-12-310000821127us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:HomeEquityMember2019-12-310000821127us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2019-12-310000821127us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2019-12-310000821127us-gaap:FinancingReceivables1To29DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2019-12-310000821127bpfh:FinancingReceivables30to89DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2019-12-310000821127us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2019-12-310000821127us-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310000821127us-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310000821127us-gaap:FinancingReceivables1To29DaysPastDueMember2019-12-310000821127bpfh:FinancingReceivables30to89DaysPastDueMember2019-12-310000821127us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310000821127us-gaap:CommercialLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2018-12-310000821127us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialLoanMember2018-12-310000821127us-gaap:CommercialLoanMemberus-gaap:FinancingReceivables1To29DaysPastDueMember2018-12-310000821127bpfh:FinancingReceivables30to89DaysPastDueMemberus-gaap:CommercialLoanMember2018-12-310000821127us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialLoanMember2018-12-310000821127us-gaap:FinancingReceivables30To59DaysPastDueMemberbpfh:CommercialTaxExemptMember2018-12-310000821127us-gaap:FinancingReceivables60To89DaysPastDueMemberbpfh:CommercialTaxExemptMember2018-12-310000821127us-gaap:FinancingReceivables1To29DaysPastDueMemberbpfh:CommercialTaxExemptMember2018-12-310000821127bpfh:FinancingReceivables30to89DaysPastDueMemberbpfh:CommercialTaxExemptMember2018-12-310000821127us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberbpfh:CommercialTaxExemptMember2018-12-310000821127us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2018-12-310000821127us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2018-12-310000821127us-gaap:FinancingReceivables1To29DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2018-12-310000821127bpfh:FinancingReceivables30to89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2018-12-310000821127us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2018-12-310000821127us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ConstructionLoansMember2018-12-310000821127us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConstructionLoansMember2018-12-310000821127us-gaap:FinancingReceivables1To29DaysPastDueMemberus-gaap:ConstructionLoansMember2018-12-310000821127bpfh:FinancingReceivables30to89DaysPastDueMemberus-gaap:ConstructionLoansMember2018-12-310000821127us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConstructionLoansMember2018-12-310000821127us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2018-12-310000821127us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2018-12-310000821127us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables1To29DaysPastDueMember2018-12-310000821127bpfh:FinancingReceivables30to89DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2018-12-310000821127us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2018-12-310000821127us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:HomeEquityMember2018-12-310000821127us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:HomeEquityMember2018-12-310000821127us-gaap:HomeEquityMemberus-gaap:FinancingReceivables1To29DaysPastDueMember2018-12-310000821127bpfh:FinancingReceivables30to89DaysPastDueMemberus-gaap:HomeEquityMember2018-12-310000821127us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:HomeEquityMember2018-12-310000821127us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2018-12-310000821127us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2018-12-310000821127us-gaap:FinancingReceivables1To29DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2018-12-310000821127bpfh:FinancingReceivables30to89DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2018-12-310000821127us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2018-12-310000821127us-gaap:FinancingReceivables30To59DaysPastDueMember2018-12-310000821127us-gaap:FinancingReceivables60To89DaysPastDueMember2018-12-310000821127us-gaap:FinancingReceivables1To29DaysPastDueMember2018-12-310000821127bpfh:FinancingReceivables30to89DaysPastDueMember2018-12-310000821127us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2018-12-310000821127us-gaap:PassMemberus-gaap:CommercialLoanMemberus-gaap:PerformingFinancingReceivableMember2019-12-310000821127us-gaap:SpecialMentionMemberus-gaap:CommercialLoanMemberus-gaap:PerformingFinancingReceivableMember2019-12-310000821127us-gaap:CommercialLoanMemberus-gaap:SubstandardMemberus-gaap:PerformingFinancingReceivableMember2019-12-310000821127us-gaap:CommercialLoanMemberus-gaap:SubstandardMemberus-gaap:NonperformingFinancingReceivableMember2019-12-310000821127us-gaap:PassMemberus-gaap:PerformingFinancingReceivableMemberbpfh:CommercialTaxExemptMember2019-12-310000821127us-gaap:SpecialMentionMemberus-gaap:PerformingFinancingReceivableMemberbpfh:CommercialTaxExemptMember2019-12-310000821127us-gaap:SubstandardMemberus-gaap:PerformingFinancingReceivableMemberbpfh:CommercialTaxExemptMember2019-12-310000821127us-gaap:SubstandardMemberus-gaap:NonperformingFinancingReceivableMemberbpfh:CommercialTaxExemptMember2019-12-310000821127us-gaap:PassMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2019-12-310000821127us-gaap:SpecialMentionMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2019-12-310000821127us-gaap:SubstandardMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2019-12-310000821127us-gaap:SubstandardMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2019-12-310000821127us-gaap:PassMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConstructionLoansMember2019-12-310000821127us-gaap:SpecialMentionMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConstructionLoansMember2019-12-310000821127us-gaap:SubstandardMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConstructionLoansMember2019-12-310000821127us-gaap:SubstandardMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ConstructionLoansMember2019-12-310000821127us-gaap:PassMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2019-12-310000821127us-gaap:SpecialMentionMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2019-12-310000821127us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:PerformingFinancingReceivableMember2019-12-310000821127us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:NonperformingFinancingReceivableMember2019-12-310000821127us-gaap:PassMemberus-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMember2019-12-310000821127us-gaap:SpecialMentionMemberus-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMember2019-12-310000821127us-gaap:SubstandardMemberus-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMember2019-12-310000821127us-gaap:SubstandardMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:HomeEquityMember2019-12-310000821127us-gaap:PassMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMember2019-12-310000821127us-gaap:SpecialMentionMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMember2019-12-310000821127us-gaap:SubstandardMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMember2019-12-310000821127us-gaap:SubstandardMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMember2019-12-310000821127us-gaap:PassMemberus-gaap:PerformingFinancingReceivableMember2019-12-310000821127us-gaap:SpecialMentionMemberus-gaap:PerformingFinancingReceivableMember2019-12-310000821127us-gaap:SubstandardMemberus-gaap:PerformingFinancingReceivableMember2019-12-310000821127us-gaap:NonperformingFinancingReceivableMemberus-gaap:SubstandardMember2019-12-310000821127us-gaap:PassMemberus-gaap:CommercialLoanMemberus-gaap:PerformingFinancingReceivableMember2018-12-310000821127us-gaap:SpecialMentionMemberus-gaap:CommercialLoanMemberus-gaap:PerformingFinancingReceivableMember2018-12-310000821127us-gaap:CommercialLoanMemberus-gaap:SubstandardMemberus-gaap:PerformingFinancingReceivableMember2018-12-310000821127us-gaap:CommercialLoanMemberus-gaap:SubstandardMemberus-gaap:NonperformingFinancingReceivableMember2018-12-310000821127us-gaap:PassMemberus-gaap:PerformingFinancingReceivableMemberbpfh:CommercialTaxExemptMember2018-12-310000821127us-gaap:SpecialMentionMemberus-gaap:PerformingFinancingReceivableMemberbpfh:CommercialTaxExemptMember2018-12-310000821127us-gaap:SubstandardMemberus-gaap:PerformingFinancingReceivableMemberbpfh:CommercialTaxExemptMember2018-12-310000821127us-gaap:SubstandardMemberus-gaap:NonperformingFinancingReceivableMemberbpfh:CommercialTaxExemptMember2018-12-310000821127us-gaap:PassMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2018-12-310000821127us-gaap:SpecialMentionMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2018-12-310000821127us-gaap:SubstandardMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2018-12-310000821127us-gaap:SubstandardMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2018-12-310000821127us-gaap:PassMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConstructionLoansMember2018-12-310000821127us-gaap:SpecialMentionMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConstructionLoansMember2018-12-310000821127us-gaap:SubstandardMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConstructionLoansMember2018-12-310000821127us-gaap:SubstandardMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ConstructionLoansMember2018-12-310000821127us-gaap:PassMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2018-12-310000821127us-gaap:SpecialMentionMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2018-12-310000821127us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:PerformingFinancingReceivableMember2018-12-310000821127us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:NonperformingFinancingReceivableMember2018-12-310000821127us-gaap:PassMemberus-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMember2018-12-310000821127us-gaap:SpecialMentionMemberus-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMember2018-12-310000821127us-gaap:SubstandardMemberus-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMember2018-12-310000821127us-gaap:SubstandardMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:HomeEquityMember2018-12-310000821127us-gaap:PassMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMember2018-12-310000821127us-gaap:SpecialMentionMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMember2018-12-310000821127us-gaap:SubstandardMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMember2018-12-310000821127us-gaap:SubstandardMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMember2018-12-310000821127us-gaap:PassMemberus-gaap:PerformingFinancingReceivableMember2018-12-310000821127us-gaap:SpecialMentionMemberus-gaap:PerformingFinancingReceivableMember2018-12-310000821127us-gaap:SubstandardMemberus-gaap:PerformingFinancingReceivableMember2018-12-310000821127us-gaap:NonperformingFinancingReceivableMemberus-gaap:SubstandardMember2018-12-310000821127us-gaap:CommercialLoanMember2019-01-012019-12-310000821127bpfh:CommercialTaxExemptMember2019-01-012019-12-310000821127us-gaap:CommercialRealEstatePortfolioSegmentMember2019-01-012019-12-310000821127us-gaap:ConstructionLoansMember2019-01-012019-12-310000821127us-gaap:HomeEquityMember2019-01-012019-12-310000821127us-gaap:ConsumerPortfolioSegmentMember2019-01-012019-12-310000821127us-gaap:CommercialLoanMember2018-01-012018-12-310000821127bpfh:CommercialTaxExemptMember2018-01-012018-12-310000821127us-gaap:CommercialRealEstatePortfolioSegmentMember2018-01-012018-12-310000821127us-gaap:ConstructionLoansMember2018-01-012018-12-310000821127us-gaap:ResidentialPortfolioSegmentMember2018-01-012018-12-310000821127us-gaap:HomeEquityMember2018-01-012018-12-310000821127us-gaap:ConsumerPortfolioSegmentMember2018-01-012018-12-310000821127us-gaap:CommercialLoanMember2017-01-012017-12-310000821127bpfh:CommercialTaxExemptMember2017-01-012017-12-310000821127us-gaap:CommercialRealEstatePortfolioSegmentMember2017-01-012017-12-310000821127us-gaap:ConstructionLoansMember2017-01-012017-12-310000821127us-gaap:ResidentialPortfolioSegmentMember2017-01-012017-12-310000821127us-gaap:HomeEquityMember2017-01-012017-12-310000821127us-gaap:ConsumerPortfolioSegmentMember2017-01-012017-12-310000821127us-gaap:PerformingFinancingReceivableMember2019-12-310000821127us-gaap:PerformingFinancingReceivableMember2018-12-31bpfh:loan0000821127us-gaap:CommercialLoanMemberus-gaap:ExtendedMaturityMember2019-01-012019-12-310000821127us-gaap:ContractualInterestRateReductionMemberus-gaap:CommercialLoanMember2019-01-012019-12-310000821127us-gaap:CommercialLoanMemberus-gaap:PaymentDeferralMember2019-01-012019-12-310000821127bpfh:CombinationOfConcessionsMemberus-gaap:CommercialLoanMember2019-01-012019-12-310000821127us-gaap:ExtendedMaturityMemberbpfh:CommercialTaxExemptMember2019-01-012019-12-310000821127us-gaap:ContractualInterestRateReductionMemberbpfh:CommercialTaxExemptMember2019-01-012019-12-310000821127us-gaap:PaymentDeferralMemberbpfh:CommercialTaxExemptMember2019-01-012019-12-310000821127bpfh:CombinationOfConcessionsMemberbpfh:CommercialTaxExemptMember2019-01-012019-12-310000821127us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ExtendedMaturityMember2019-01-012019-12-310000821127us-gaap:ContractualInterestRateReductionMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2019-01-012019-12-310000821127us-gaap:PaymentDeferralMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2019-01-012019-12-310000821127bpfh:CombinationOfConcessionsMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2019-01-012019-12-310000821127us-gaap:ExtendedMaturityMemberus-gaap:ConstructionLoansMember2019-01-012019-12-310000821127us-gaap:ContractualInterestRateReductionMemberus-gaap:ConstructionLoansMember2019-01-012019-12-310000821127us-gaap:PaymentDeferralMemberus-gaap:ConstructionLoansMember2019-01-012019-12-310000821127bpfh:CombinationOfConcessionsMemberus-gaap:ConstructionLoansMember2019-01-012019-12-310000821127us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ExtendedMaturityMember2019-01-012019-12-310000821127us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ContractualInterestRateReductionMember2019-01-012019-12-310000821127us-gaap:ResidentialPortfolioSegmentMemberus-gaap:PaymentDeferralMember2019-01-012019-12-310000821127bpfh:CombinationOfConcessionsMemberus-gaap:ResidentialPortfolioSegmentMember2019-01-012019-12-310000821127us-gaap:HomeEquityMemberus-gaap:ExtendedMaturityMember2019-01-012019-12-310000821127us-gaap:ContractualInterestRateReductionMemberus-gaap:HomeEquityMember2019-01-012019-12-310000821127us-gaap:HomeEquityMemberus-gaap:PaymentDeferralMember2019-01-012019-12-310000821127bpfh:CombinationOfConcessionsMemberus-gaap:HomeEquityMember2019-01-012019-12-310000821127us-gaap:ConsumerPortfolioSegmentMemberus-gaap:ExtendedMaturityMember2019-01-012019-12-310000821127us-gaap:ContractualInterestRateReductionMemberus-gaap:ConsumerPortfolioSegmentMember2019-01-012019-12-310000821127us-gaap:PaymentDeferralMemberus-gaap:ConsumerPortfolioSegmentMember2019-01-012019-12-310000821127bpfh:CombinationOfConcessionsMemberus-gaap:ConsumerPortfolioSegmentMember2019-01-012019-12-310000821127us-gaap:ExtendedMaturityMember2019-01-012019-12-310000821127us-gaap:ContractualInterestRateReductionMember2019-01-012019-12-310000821127us-gaap:PaymentDeferralMember2019-01-012019-12-310000821127bpfh:CombinationOfConcessionsMember2019-01-012019-12-310000821127us-gaap:CommercialLoanMemberus-gaap:ExtendedMaturityMember2018-01-012018-12-310000821127us-gaap:ContractualInterestRateReductionMemberus-gaap:CommercialLoanMember2018-01-012018-12-310000821127us-gaap:CommercialLoanMemberus-gaap:PaymentDeferralMember2018-01-012018-12-310000821127bpfh:CombinationOfConcessionsMemberus-gaap:CommercialLoanMember2018-01-012018-12-310000821127us-gaap:ExtendedMaturityMemberbpfh:CommercialTaxExemptMember2018-01-012018-12-310000821127us-gaap:ContractualInterestRateReductionMemberbpfh:CommercialTaxExemptMember2018-01-012018-12-310000821127us-gaap:PaymentDeferralMemberbpfh:CommercialTaxExemptMember2018-01-012018-12-310000821127bpfh:CombinationOfConcessionsMemberbpfh:CommercialTaxExemptMember2018-01-012018-12-310000821127us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ExtendedMaturityMember2018-01-012018-12-310000821127us-gaap:ContractualInterestRateReductionMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2018-01-012018-12-310000821127us-gaap:PaymentDeferralMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2018-01-012018-12-310000821127bpfh:CombinationOfConcessionsMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2018-01-012018-12-310000821127us-gaap:ExtendedMaturityMemberus-gaap:ConstructionLoansMember2018-01-012018-12-310000821127us-gaap:ContractualInterestRateReductionMemberus-gaap:ConstructionLoansMember2018-01-012018-12-310000821127us-gaap:PaymentDeferralMemberus-gaap:ConstructionLoansMember2018-01-012018-12-310000821127bpfh:CombinationOfConcessionsMemberus-gaap:ConstructionLoansMember2018-01-012018-12-310000821127us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ExtendedMaturityMember2018-01-012018-12-310000821127us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ContractualInterestRateReductionMember2018-01-012018-12-310000821127us-gaap:ResidentialPortfolioSegmentMemberus-gaap:PaymentDeferralMember2018-01-012018-12-310000821127bpfh:CombinationOfConcessionsMemberus-gaap:ResidentialPortfolioSegmentMember2018-01-012018-12-310000821127us-gaap:HomeEquityMemberus-gaap:ExtendedMaturityMember2018-01-012018-12-310000821127us-gaap:ContractualInterestRateReductionMemberus-gaap:HomeEquityMember2018-01-012018-12-310000821127us-gaap:HomeEquityMemberus-gaap:PaymentDeferralMember2018-01-012018-12-310000821127bpfh:CombinationOfConcessionsMemberus-gaap:HomeEquityMember2018-01-012018-12-310000821127us-gaap:ConsumerPortfolioSegmentMemberus-gaap:ExtendedMaturityMember2018-01-012018-12-310000821127us-gaap:ContractualInterestRateReductionMemberus-gaap:ConsumerPortfolioSegmentMember2018-01-012018-12-310000821127us-gaap:PaymentDeferralMemberus-gaap:ConsumerPortfolioSegmentMember2018-01-012018-12-310000821127bpfh:CombinationOfConcessionsMemberus-gaap:ConsumerPortfolioSegmentMember2018-01-012018-12-310000821127us-gaap:ExtendedMaturityMember2018-01-012018-12-310000821127us-gaap:ContractualInterestRateReductionMember2018-01-012018-12-310000821127us-gaap:PaymentDeferralMember2018-01-012018-12-310000821127bpfh:CombinationOfConcessionsMember2018-01-012018-12-310000821127us-gaap:CommercialLoanMember2019-12-310000821127us-gaap:CommercialLoanMember2018-12-310000821127bpfh:CommercialTaxExemptMember2019-12-310000821127bpfh:CommercialTaxExemptMember2018-12-310000821127us-gaap:CommercialRealEstatePortfolioSegmentMember2019-12-310000821127us-gaap:CommercialRealEstatePortfolioSegmentMember2018-12-310000821127us-gaap:ConstructionLoansMember2019-12-310000821127us-gaap:ConstructionLoansMember2018-12-310000821127us-gaap:ResidentialPortfolioSegmentMember2018-12-310000821127bpfh:CommercialandIndustrialPortfolioSegmentMember2018-12-310000821127bpfh:CommercialandIndustrialPortfolioSegmentMember2017-12-310000821127bpfh:CommercialandIndustrialPortfolioSegmentMember2016-12-310000821127us-gaap:CommercialRealEstatePortfolioSegmentMember2017-12-310000821127us-gaap:CommercialRealEstatePortfolioSegmentMember2016-12-310000821127us-gaap:ConstructionLoansMember2017-12-310000821127us-gaap:ConstructionLoansMember2016-12-310000821127us-gaap:ResidentialPortfolioSegmentMember2017-12-310000821127us-gaap:ResidentialPortfolioSegmentMember2016-12-310000821127us-gaap:HomeEquityMember2018-12-310000821127us-gaap:HomeEquityMember2017-12-310000821127us-gaap:HomeEquityMember2016-12-310000821127us-gaap:ConsumerPortfolioSegmentMember2018-12-310000821127us-gaap:ConsumerPortfolioSegmentMember2017-12-310000821127us-gaap:ConsumerPortfolioSegmentMember2016-12-310000821127bpfh:CommercialandIndustrialPortfolioSegmentMember2019-01-012019-12-310000821127bpfh:CommercialandIndustrialPortfolioSegmentMember2018-01-012018-12-310000821127bpfh:CommercialandIndustrialPortfolioSegmentMember2017-01-012017-12-310000821127us-gaap:CommercialRealEstatePortfolioSegmentMember2019-01-012019-12-310000821127us-gaap:CommercialRealEstatePortfolioSegmentMember2018-01-012018-12-310000821127us-gaap:CommercialRealEstatePortfolioSegmentMember2017-01-012017-12-310000821127us-gaap:ConstructionLoansMember2019-01-012019-12-310000821127us-gaap:ConstructionLoansMember2018-01-012018-12-310000821127us-gaap:ConstructionLoansMember2017-01-012017-12-310000821127us-gaap:ResidentialPortfolioSegmentMember2019-01-012019-12-310000821127us-gaap:ResidentialPortfolioSegmentMember2018-01-012018-12-310000821127us-gaap:ResidentialPortfolioSegmentMember2017-01-012017-12-310000821127us-gaap:HomeEquityMember2019-01-012019-12-310000821127us-gaap:HomeEquityMember2018-01-012018-12-310000821127us-gaap:HomeEquityMember2017-01-012017-12-310000821127us-gaap:ConsumerPortfolioSegmentMember2019-01-012019-12-310000821127us-gaap:ConsumerPortfolioSegmentMember2018-01-012018-12-310000821127us-gaap:ConsumerPortfolioSegmentMember2017-01-012017-12-310000821127bpfh:CommercialandIndustrialPortfolioSegmentMember2019-12-310000821127us-gaap:HomeEquityMember2019-12-310000821127us-gaap:ConsumerPortfolioSegmentMember2019-12-310000821127us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2018-12-310000821127us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2019-12-310000821127us-gaap:LeaseholdImprovementsMember2019-12-310000821127us-gaap:LeaseholdImprovementsMember2018-12-310000821127bpfh:FurnitureFixturesAndEquipmentMember2019-12-310000821127bpfh:FurnitureFixturesAndEquipmentMember2018-12-310000821127us-gaap:BuildingMember2019-12-310000821127us-gaap:BuildingMember2018-12-31bpfh:lease0000821127srt:MinimumMember2019-12-310000821127srt:MaximumMember2019-12-310000821127bpfh:WealthManagementandTrustSegmentMember2018-12-310000821127bpfh:WealthManagementandTrustSegmentMember2019-12-310000821127bpfh:WealthManagementandTrustSegmentMember2017-12-310000821127bpfh:WealthManagementandTrustSegmentMember2018-01-012018-12-310000821127bpfh:EliminationsAndReconcilingItemsMember2017-12-310000821127bpfh:EliminationsAndReconcilingItemsMember2018-01-012018-12-310000821127bpfh:EliminationsAndReconcilingItemsMember2018-12-310000821127bpfh:EliminationsAndReconcilingItemsMember2019-12-310000821127bpfh:AdvisoryContractsMember2019-12-310000821127bpfh:AdvisoryContractsMember2018-12-310000821127bpfh:MortgageServicingRightsMember2019-12-310000821127bpfh:MortgageServicingRightsMember2018-12-310000821127us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherAssetsMemberus-gaap:InterestRateContractMember2019-12-310000821127us-gaap:OtherLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateContractMember2019-12-310000821127us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherAssetsMemberus-gaap:InterestRateContractMember2018-12-310000821127us-gaap:OtherLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateContractMember2018-12-310000821127us-gaap:NondesignatedMemberus-gaap:OtherAssetsMemberus-gaap:InterestRateContractMember2019-12-310000821127us-gaap:OtherLiabilitiesMemberus-gaap:NondesignatedMemberus-gaap:InterestRateContractMember2019-12-310000821127us-gaap:NondesignatedMemberus-gaap:OtherAssetsMemberus-gaap:InterestRateContractMember2018-12-310000821127us-gaap:OtherLiabilitiesMemberus-gaap:NondesignatedMemberus-gaap:InterestRateContractMember2018-12-310000821127us-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:NondesignatedMemberus-gaap:OtherAssetsMember2019-12-310000821127us-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:OtherLiabilitiesMemberus-gaap:NondesignatedMember2019-12-310000821127us-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:NondesignatedMemberus-gaap:OtherAssetsMember2018-12-310000821127us-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:OtherLiabilitiesMemberus-gaap:NondesignatedMember2018-12-310000821127us-gaap:OtherAssetsMember2019-12-310000821127us-gaap:OtherLiabilitiesMember2019-12-310000821127us-gaap:OtherAssetsMember2018-12-310000821127us-gaap:OtherLiabilitiesMember2018-12-310000821127us-gaap:InterestRateContractMember2019-01-012019-12-310000821127us-gaap:InterestRateContractMember2018-01-012018-12-310000821127us-gaap:InterestExpenseMemberus-gaap:InterestRateContractMember2019-01-012019-12-310000821127us-gaap:InterestExpenseMemberus-gaap:InterestRateContractMember2018-01-012018-12-31bpfh:swap00008211272013-12-310000821127bpfh:Bank60mLIBORSwap2017effective32217Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2017-12-310000821127bpfh:Bank60mLIBORSwap2017effective32217Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2017-01-012017-12-310000821127us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2013-12-310000821127srt:MinimumMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2013-01-012013-12-310000821127us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMembersrt:MaximumMember2013-01-012013-12-310000821127srt:MinimumMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2013-12-310000821127us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMembersrt:MaximumMember2013-12-310000821127srt:WeightedAverageMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2013-12-31bpfh:derivativeContractsHeld0000821127us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2019-12-310000821127us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2018-12-310000821127us-gaap:NondesignatedMemberus-gaap:ForeignExchangeContractMember2018-12-310000821127us-gaap:NondesignatedMemberbpfh:LoanParticipationsandAssignmentsExecutedByOtherFinancialInstitutionsMember2019-12-310000821127us-gaap:NondesignatedMemberbpfh:LoanParticipationsandAssignmentsExecutedByOtherFinancialInstitutionsMember2018-12-310000821127us-gaap:NondesignatedMemberbpfh:LoanParticipationsAndAssignmentsExecutedByTheBankMember2019-12-310000821127us-gaap:NondesignatedMemberbpfh:LoanParticipationsAndAssignmentsExecutedByTheBankMember2018-12-310000821127us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2019-01-012019-12-310000821127us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2018-01-012018-12-310000821127us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2017-01-012017-12-310000821127us-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:NondesignatedMember2019-01-012019-12-310000821127us-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:NondesignatedMember2018-01-012018-12-310000821127us-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:NondesignatedMember2017-01-012017-12-310000821127us-gaap:NondesignatedMember2019-01-012019-12-310000821127us-gaap:NondesignatedMember2018-01-012018-12-310000821127us-gaap:NondesignatedMember2017-01-012017-12-310000821127us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:PrivateBankingSegmentMemberbpfh:Bank25mLIBORSwapeffective8113Member2019-01-012019-12-310000821127bpfh:Bank25mLIBORSwapeffective3114Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:PrivateBankingSegmentMember2019-01-012019-12-310000821127us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:Bank25mLIBORSwap2013effective6114Memberbpfh:PrivateBankingSegmentMember2019-01-012019-12-310000821127bpfh:Bank60mLIBORSwap2017effective32217Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:PrivateBankingSegmentMember2019-01-012019-12-310000821127us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:PrivateBankingSegmentMemberbpfh:Bank25mLIBORSwapeffective8113Member2019-12-310000821127bpfh:Bank25mLIBORSwapeffective3114Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:PrivateBankingSegmentMember2019-12-310000821127us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:Bank25mLIBORSwap2013effective6114Memberbpfh:PrivateBankingSegmentMember2019-12-310000821127bpfh:Bank60mLIBORSwap2017effective32217Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:PrivateBankingSegmentMember2019-12-310000821127srt:MinimumMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:PrivateBankingSegmentMemberbpfh:Bank25mLIBORSwapeffective8113Member2019-01-012019-12-310000821127bpfh:Bank25mLIBORSwapeffective3114Membersrt:MinimumMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:PrivateBankingSegmentMember2019-01-012019-12-310000821127srt:MinimumMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:Bank25mLIBORSwap2013effective6114Memberbpfh:PrivateBankingSegmentMember2019-01-012019-12-310000821127us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:PrivateBankingSegmentMembersrt:MaximumMemberbpfh:Bank25mLIBORSwapeffective8113Member2019-01-012019-12-310000821127bpfh:Bank25mLIBORSwapeffective3114Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:PrivateBankingSegmentMembersrt:MaximumMember2019-01-012019-12-310000821127us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:Bank25mLIBORSwap2013effective6114Memberbpfh:PrivateBankingSegmentMembersrt:MaximumMember2019-01-012019-12-310000821127srt:MinimumMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:PrivateBankingSegmentMemberbpfh:Bank25mLIBORSwapeffective8113Member2019-12-310000821127bpfh:Bank25mLIBORSwapeffective3114Membersrt:MinimumMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:PrivateBankingSegmentMember2019-12-310000821127srt:MinimumMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:Bank25mLIBORSwap2013effective6114Memberbpfh:PrivateBankingSegmentMember2019-12-310000821127us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:PrivateBankingSegmentMembersrt:MaximumMemberbpfh:Bank25mLIBORSwapeffective8113Member2019-12-310000821127bpfh:Bank25mLIBORSwapeffective3114Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:PrivateBankingSegmentMembersrt:MaximumMember2019-12-310000821127us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:Bank25mLIBORSwap2013effective6114Memberbpfh:PrivateBankingSegmentMembersrt:MaximumMember2019-12-310000821127srt:WeightedAverageMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:PrivateBankingSegmentMemberbpfh:Bank25mLIBORSwapeffective8113Member2019-12-310000821127srt:WeightedAverageMemberbpfh:Bank25mLIBORSwapeffective3114Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:PrivateBankingSegmentMember2019-12-310000821127srt:WeightedAverageMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberbpfh:Bank25mLIBORSwap2013effective6114Memberbpfh:PrivateBankingSegmentMember2019-12-310000821127bpfh:Bank25mLIBORSwapeffective3114Memberus-gaap:DesignatedAsHedgingInstrumentMember2018-12-310000821127bpfh:Bank25mLIBORSwap2013effective6114Memberus-gaap:DesignatedAsHedgingInstrumentMember2018-12-310000821127us-gaap:FederalFundsPurchasedMember2019-01-012019-12-310000821127us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-01-012019-12-310000821127us-gaap:FederalFundsPurchasedMember2019-12-310000821127us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310000821127us-gaap:FederalFundsPurchasedMember2018-01-012018-12-310000821127us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2018-01-012018-12-310000821127us-gaap:FederalFundsPurchasedMember2018-12-310000821127us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2018-12-310000821127bpfh:BostonPrivateCapitalTrustIiMember2019-12-310000821127bpfh:BostonPrivateCapitalTrustIiMember2018-12-310000821127bpfh:BostonPrivateCapitalTrustIMember2019-12-310000821127bpfh:BostonPrivateCapitalTrustIMember2018-12-310000821127us-gaap:JuniorSubordinatedDebtMember2019-01-012019-12-310000821127bpfh:BostonPrivateCapitalTrustIiMember2019-01-012019-12-310000821127bpfh:BostonPrivateCapitalTrustIiMember2010-12-30bpfh:payment0000821127bpfh:BostonPrivateCapitalTrustIMember2019-01-012019-12-310000821127bpfh:DghmMember2019-12-310000821127bpfh:DghmMember2018-12-310000821127bpfh:DghmMember2004-02-060000821127bpfh:DghmMember2004-02-060000821127bpfh:DghmMember2004-02-062004-02-060000821127bpfh:DghmMembersrt:MinimumMember2004-02-060000821127bpfh:DghmMembersrt:MaximumMember2004-02-060000821127bpfh:DghmMember2004-02-060000821127bpfh:BosMember2004-02-050000821127bpfh:BosMember2004-02-050000821127bpfh:BosMember2004-02-052004-02-050000821127bpfh:BosMember2004-02-050000821127bpfh:AnchorMember2006-06-010000821127bpfh:AnchorMember2006-06-010000821127bpfh:AnchorMember2006-06-012006-06-010000821127bpfh:AnchorMember2006-06-010000821127bpfh:RedeemableNoncontrollingInterestMember2018-12-310000821127bpfh:RedeemableNoncontrollingInterestMember2017-12-310000821127bpfh:RedeemableNoncontrollingInterestMember2016-12-310000821127bpfh:RedeemableNoncontrollingInterestMember2019-01-012019-12-310000821127us-gaap:NoncontrollingInterestMember2019-01-012019-12-310000821127bpfh:RedeemableNoncontrollingInterestMember2018-01-012018-12-310000821127bpfh:RedeemableNoncontrollingInterestMember2017-01-012017-12-310000821127bpfh:RedeemableNoncontrollingInterestMember2019-12-310000821127us-gaap:SeriesDPreferredStockMember2019-01-012019-12-310000821127us-gaap:SeriesDPreferredStockMember2019-12-310000821127us-gaap:SeriesDPreferredStockMember2018-01-012018-06-150000821127us-gaap:SeriesDPreferredStockMember2018-06-1500008211272018-06-1500008211272019-09-3000008211272019-07-012019-09-300000821127us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-01-012019-12-310000821127us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2018-01-012018-12-310000821127us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2017-01-012017-12-310000821127us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-01-012019-12-310000821127us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2018-01-012018-12-310000821127us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2017-01-012017-12-310000821127us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-01-012019-12-310000821127us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2018-01-012018-12-310000821127us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2017-01-012017-12-310000821127us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-01-012019-12-310000821127us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2018-01-012018-12-310000821127us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2017-01-012017-12-310000821127us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-01-012019-12-310000821127us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2018-01-012018-12-310000821127us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2017-01-012017-12-310000821127us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2019-01-012019-12-310000821127us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2018-01-012018-12-310000821127us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2017-01-012017-12-310000821127us-gaap:AccountingStandardsUpdate201712Memberus-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2018-01-010000821127us-gaap:AccountingStandardsUpdate201601Memberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2018-01-010000821127us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2016-12-310000821127us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2016-12-310000821127us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2016-12-310000821127us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2017-12-310000821127us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2017-12-310000821127us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2017-12-310000821127us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2018-01-012018-12-310000821127us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2018-01-010000821127us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2018-01-010000821127us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2018-01-010000821127us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2018-12-310000821127us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2018-12-310000821127us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2018-12-310000821127us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-12-310000821127us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-12-310000821127us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-12-310000821127bpfh:MarketbasedStockOptionsMember2019-01-012019-12-310000821127bpfh:MarketbasedStockOptionsMember2018-01-012018-12-310000821127bpfh:MarketbasedStockOptionsMember2017-01-012017-12-310000821127us-gaap:ConvertibleDebtSecuritiesMember2019-01-012019-12-310000821127us-gaap:ConvertibleDebtSecuritiesMember2018-01-012018-12-310000821127us-gaap:ConvertibleDebtSecuritiesMember2017-01-012017-12-310000821127us-gaap:StockCompensationPlanMember2019-01-012019-12-310000821127us-gaap:StockCompensationPlanMember2018-01-012018-12-310000821127us-gaap:StockCompensationPlanMember2017-01-012017-12-3100008211272017-10-012017-12-310000821127bpfh:IncomeTaxExpenseComponentsContinuingOperationsMember2019-01-012019-12-3100008211272017-01-012017-09-300000821127bpfh:NorthernCaliforniaSalaryContinuationMember2019-01-012019-12-310000821127bpfh:NorthernCaliforniaSalaryContinuationMember2018-01-012018-12-310000821127bpfh:NorthernCaliforniaSalaryContinuationMember2017-01-012017-12-310000821127bpfh:NorthernCaliforniaSalaryContinuationMember2019-12-310000821127bpfh:NorthernCaliforniaSalaryContinuationMember2018-12-310000821127bpfh:SouthernCaliforniaSalaryContinuationPlanMember2017-01-012017-12-310000821127bpfh:SouthernCaliforniaSalaryContinuationPlanMember2018-01-012018-12-310000821127bpfh:SouthernCaliforniaSalaryContinuationPlanMember2019-01-012019-12-310000821127bpfh:SouthernCaliforniaSalaryContinuationPlanMember2019-12-310000821127bpfh:SouthernCaliforniaSalaryContinuationPlanMember2018-12-310000821127bpfh:A2009StockOptionAndIncentivePlanMember2019-01-012019-12-310000821127bpfh:A2009StockOptionAndIncentivePlanMember2019-12-310000821127bpfh:A2010InducementStockPlanMember2019-12-310000821127bpfh:A2010InducementStockPlanMember2019-01-012019-12-310000821127bpfh:A2010InducementStockPlanMember2018-01-012018-12-310000821127bpfh:A2010InducementStockPlanMember2017-01-012017-12-310000821127bpfh:EmployeeStockPurchasePlansMember2019-01-012019-12-310000821127srt:MinimumMemberbpfh:EmployeeStockPurchasePlansMember2019-12-310000821127srt:MaximumMemberbpfh:EmployeeStockPurchasePlansMember2019-12-310000821127us-gaap:EmployeeStockOptionMember2018-12-310000821127us-gaap:EmployeeStockOptionMember2019-01-012019-12-310000821127us-gaap:EmployeeStockOptionMember2019-12-310000821127bpfh:A2009StockOptionAndIncentivePlanMember2018-01-012018-12-310000821127bpfh:A2009StockOptionAndIncentivePlanMember2017-01-012017-12-310000821127us-gaap:EmployeeStockOptionMemberbpfh:A2009StockOptionAndIncentivePlanMember2019-12-310000821127us-gaap:EmployeeStockOptionMemberbpfh:A2009StockOptionAndIncentivePlanMember2019-01-012019-12-310000821127us-gaap:RestrictedStockMember2018-12-310000821127us-gaap:RestrictedStockMember2019-01-012019-12-310000821127us-gaap:RestrictedStockMember2019-12-310000821127us-gaap:RestrictedStockMember2018-01-012018-12-310000821127us-gaap:RestrictedStockMember2017-01-012017-12-310000821127us-gaap:PerformanceSharesMember2019-12-310000821127srt:MaximumMemberus-gaap:PerformanceSharesMember2019-12-310000821127bpfh:HoldingCompanySerpMember2019-12-310000821127bpfh:HoldingCompanySerpMember2018-12-310000821127bpfh:HoldingCompanySerpMember2019-01-012019-12-310000821127bpfh:HoldingCompanySerpMember2018-01-012018-12-310000821127bpfh:HoldingCompanySerpMember2017-01-012017-12-310000821127bpfh:HoldingCompanySerpMember2017-12-310000821127bpfh:PacificNorthwestSerpMember2019-12-310000821127bpfh:PacificNorthwestSerpMember2018-12-310000821127bpfh:PacificNorthwestSerpMember2019-01-012019-12-310000821127bpfh:PacificNorthwestSerpMember2017-01-012017-12-310000821127bpfh:PacificNorthwestSerpMember2018-01-012018-12-310000821127bpfh:PacificNorthwestSerpMember2017-12-310000821127bpfh:KlsLtipMember2019-12-310000821127bpfh:KlsLtipMember2018-12-310000821127bpfh:KlsLtipMember2019-01-012019-12-310000821127bpfh:KlsLtipMember2018-01-012018-12-310000821127bpfh:KlsLtipMember2017-01-012017-12-310000821127bpfh:KlsLtipMember2017-12-310000821127srt:RestatementAdjustmentMemberus-gaap:AccountingStandardsUpdate201707Member2017-01-012017-12-31bpfh:affiliate0000821127us-gaap:OperatingSegmentsMemberbpfh:PrivateBankingSegmentMember2019-01-012019-12-310000821127us-gaap:OperatingSegmentsMemberbpfh:PrivateBankingSegmentMember2018-01-012018-12-310000821127us-gaap:OperatingSegmentsMemberbpfh:PrivateBankingSegmentMember2017-01-012017-12-310000821127us-gaap:OperatingSegmentsMemberbpfh:PrivateBankingSegmentMember2019-12-310000821127us-gaap:OperatingSegmentsMemberbpfh:PrivateBankingSegmentMember2018-12-310000821127us-gaap:OperatingSegmentsMemberbpfh:PrivateBankingSegmentMember2017-12-310000821127us-gaap:OperatingSegmentsMemberbpfh:WealthManagementandTrustSegmentMember2019-01-012019-12-310000821127us-gaap:OperatingSegmentsMemberbpfh:WealthManagementandTrustSegmentMember2018-01-012018-12-310000821127us-gaap:OperatingSegmentsMemberbpfh:WealthManagementandTrustSegmentMember2017-01-012017-12-310000821127us-gaap:OperatingSegmentsMemberbpfh:WealthManagementandTrustSegmentMember2019-12-310000821127us-gaap:OperatingSegmentsMemberbpfh:WealthManagementandTrustSegmentMember2018-12-310000821127us-gaap:OperatingSegmentsMemberbpfh:WealthManagementandTrustSegmentMember2017-12-310000821127bpfh:EliminationsAndReconcilingItemsMember2019-01-012019-12-310000821127bpfh:EliminationsAndReconcilingItemsMember2017-01-012017-12-310000821127us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000821127us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000821127us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310000821127us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2019-12-310000821127us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2019-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2019-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2019-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMember2019-12-310000821127us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMember2019-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MunicipalBondsMember2019-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MunicipalBondsMember2019-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesOtherMember2019-12-310000821127us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesOtherMember2019-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesOtherMember2019-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesOtherMember2019-12-310000821127us-gaap:FairValueMeasurementsRecurringMember2019-12-310000821127us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000821127us-gaap:InterestRateContractMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000821127us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMember2019-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMemberus-gaap:FairValueInputsLevel2Member2019-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMemberus-gaap:FairValueInputsLevel3Member2019-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:LoanParticipationsAndAssignmentsMember2019-12-310000821127us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:LoanParticipationsAndAssignmentsMember2019-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:FairValueInputsLevel2Member2019-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:FairValueInputsLevel3Member2019-12-310000821127us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000821127us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000821127us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2018-12-310000821127us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2018-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2018-12-310000821127us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2018-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2018-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2018-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMember2018-12-310000821127us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMember2018-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MunicipalBondsMember2018-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MunicipalBondsMember2018-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesOtherMember2018-12-310000821127us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesOtherMember2018-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesOtherMember2018-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesOtherMember2018-12-310000821127us-gaap:FairValueMeasurementsRecurringMember2018-12-310000821127us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2018-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2018-12-310000821127us-gaap:InterestRateContractMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000821127us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMember2018-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMemberus-gaap:FairValueInputsLevel2Member2018-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMemberus-gaap:FairValueInputsLevel3Member2018-12-310000821127us-gaap:InterestRateSwapMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000821127us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000821127us-gaap:InterestRateSwapMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2018-12-310000821127us-gaap:InterestRateSwapMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2018-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:LoanParticipationsAndAssignmentsMember2018-12-310000821127us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:LoanParticipationsAndAssignmentsMember2018-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:FairValueInputsLevel2Member2018-12-310000821127us-gaap:FairValueMeasurementsRecurringMemberus-gaap:LoanParticipationsAndAssignmentsMemberus-gaap:FairValueInputsLevel3Member2018-12-310000821127us-gaap:FairValueInputsLevel3Member2019-12-310000821127us-gaap:FairValueInputsLevel3Member2018-12-310000821127us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310000821127us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310000821127us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310000821127us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310000821127us-gaap:ChangeDuringPeriodFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310000821127us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2018-12-310000821127us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2018-12-310000821127us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2018-12-310000821127us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2018-12-310000821127us-gaap:ChangeDuringPeriodFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2018-12-310000821127us-gaap:FairValueInputsLevel3Memberus-gaap:SubstandardMemberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310000821127us-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310000821127srt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310000821127us-gaap:MeasurementInputAppraisedValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310000821127srt:WeightedAverageMemberus-gaap:MeasurementInputAppraisedValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310000821127us-gaap:FairValueInputsLevel3Memberus-gaap:SubstandardMemberus-gaap:FairValueMeasurementsNonrecurringMember2018-12-310000821127srt:MinimumMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2018-12-310000821127us-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MaximumMember2018-12-310000821127srt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2018-12-310000821127us-gaap:MeasurementInputAppraisedValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2018-12-310000821127srt:WeightedAverageMemberus-gaap:MeasurementInputAppraisedValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2018-12-310000821127us-gaap:CarryingReportedAmountFairValueDisclosureMember2019-12-310000821127us-gaap:EstimateOfFairValueFairValueDisclosureMember2019-12-310000821127us-gaap:FairValueInputsLevel1Member2019-12-310000821127us-gaap:FairValueInputsLevel2Member2019-12-310000821127us-gaap:CarryingReportedAmountFairValueDisclosureMember2018-12-310000821127us-gaap:EstimateOfFairValueFairValueDisclosureMember2018-12-310000821127us-gaap:FairValueInputsLevel1Member2018-12-310000821127us-gaap:FairValueInputsLevel2Member2018-12-310000821127bpfh:VariableRateCommitmentsMember2019-12-310000821127bpfh:VariableRateCommitmentsMember2018-12-310000821127us-gaap:InterestRateLockCommitmentsMember2019-12-310000821127us-gaap:InterestRateLockCommitmentsMember2018-12-310000821127us-gaap:LoanOriginationCommitmentsMember2019-12-310000821127us-gaap:LoanOriginationCommitmentsMember2018-12-310000821127us-gaap:UnusedLinesOfCreditMember2019-12-310000821127us-gaap:UnusedLinesOfCreditMember2018-12-310000821127us-gaap:CommitmentsToExtendCreditMember2019-12-310000821127us-gaap:CommitmentsToExtendCreditMember2018-12-310000821127us-gaap:ForwardContractsMember2019-12-310000821127us-gaap:ForwardContractsMember2018-12-310000821127srt:ParentCompanyMember2019-12-310000821127srt:ParentCompanyMember2018-12-310000821127srt:ParentCompanyMember2019-01-012019-12-310000821127srt:ParentCompanyMember2018-01-012018-12-310000821127srt:ParentCompanyMember2017-01-012017-12-310000821127bpfh:NonBankingSegmentsMembersrt:ParentCompanyMember2019-01-012019-12-310000821127bpfh:NonBankingSegmentsMembersrt:ParentCompanyMember2018-01-012018-12-310000821127bpfh:NonBankingSegmentsMembersrt:ParentCompanyMember2017-01-012017-12-310000821127srt:ParentCompanyMember2017-12-310000821127srt:ParentCompanyMember2016-12-310000821127bpfh:BaselIIIMinimumwithCapitalConservationBufferDomain2019-12-310000821127bpfh:BostonPrivateBankMember2019-12-310000821127bpfh:BaselIIIMinimumwithCapitalConservationBufferDomainbpfh:BostonPrivateBankMember2019-12-310000821127bpfh:BaselIIIMinimumwithCapitalConservationBufferDomain2018-12-310000821127bpfh:BostonPrivateBankMember2018-12-310000821127bpfh:BaselIIIMinimumwithCapitalConservationBufferDomainbpfh:BostonPrivateBankMember2018-12-310000821127bpfh:JuniorSubordinatedDebenturesMember2018-12-310000821127bpfh:JuniorSubordinatedDebenturesMember2019-12-310000821127bpfh:OtherFeesAndIncomeMember2019-01-012019-12-310000821127bpfh:OtherFeesAndIncomeMember2018-01-012018-12-310000821127bpfh:OtherFeesAndIncomeMember2017-01-012017-12-310000821127bpfh:FeesAndOtherIncomeMember2019-01-012019-12-310000821127bpfh:FeesAndOtherIncomeMember2018-01-012018-12-310000821127bpfh:FeesAndOtherIncomeMember2017-01-012017-12-3100008211272019-10-012019-12-3100008211272019-04-012019-06-3000008211272018-04-012018-06-3000008211272018-01-012018-03-31

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

☒			ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
			For the fiscal year ended December 31, 2019
			OR
☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
			For the transition period from to .

       

Registrant’s telephone number, including area code: (617) 912-1900

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol(s)

Name of Each Exchange on Which Registered

Common Stock

BPFH

The NASDAQ Stock Market LLC

Securities registered pursuant to Section 12(g) of the Act: None

_______________________________________________________________

Indicate by check mark whether the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.    Yes  ☐    No  ☒

Indicate by check mark whether the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Securities Act.    Yes  ☐    No  ☒

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  ☒    No  ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted 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 such files).    Yes  ☒    No  ☐

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

Large accelerated filer

x

Accelerated filer

☐

Non-accelerated filer

o

Smaller reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

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

The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant, computed by reference to the last reported sales price on the NASDAQ Global Select Market on June 30, 2019 was $1,004,597,108.

The number of shares of the registrant’s common stock outstanding on February 21, 2020 was 83,363,841.

Documents Incorporated by Reference:

Portions of the registrant’s proxy statement for the Company’s 2020 Annual Meeting of Shareholders are incorporated by reference in Item 5 of Part II and Items 10, 11, 12, 13, and 14 of Part III.

TABLE OF CONTENTS

PART I
ITEM 1						BUSINESS			1
ITEM 1A						RISK FACTORS			10
ITEM 1B						UNRESOLVED STAFF COMMENTS			19
ITEM 2						PROPERTIES			19
ITEM 3						LEGAL PROCEEDINGS			19
ITEM 4						MINE SAFETY DISCLOSURES			19
PART II
ITEM 5						MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES			20
ITEM 6						SELECTED FINANCIAL DATA			22
ITEM 7						MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS			27
						Executive Summary			27
						Private Banking			28
						Wealth Management and Trust			29
						Critical Accounting Policies			29
						Results of Operations			32
						Condensed Consolidated Statements of Operations			34
						Net Interest Income and Margin			34
						Rate-Volume Analysis			35
						Discussion of Condensed Consolidated Statements of Operations			38
						Financial Condition			40
						Condensed Consolidated Balance Sheets and Discussion			40
						Loan Portfolio and Credit Quality			44
						Liquidity			53
						Consolidated Cash Flow Comparisons			55
						Capital Resources			56
						Contractual Obligations			56
						Off-Balance Sheet Arrangements			57
						Impact of Accounting Estimates			57
						Impact of Inflation and Changing Prices			57
						Recent Accounting Pronouncements			57
ITEM 7A						QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK			58
ITEM 8						FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA			61
ITEM 9						CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE			138
ITEM 9A						CONTROLS AND PROCEDURES			138
ITEM 9B						OTHER INFORMATION			138
PART III
ITEM 10						DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE			139
ITEM 11						EXECUTIVE COMPENSATION			139
ITEM 12						SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS			139
ITEM 13						CERTAIN RELATIONSHIPS, RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE			139
ITEM 14						PRINCIPAL ACCOUNTANT FEES AND SERVICES			139
PART IV
ITEM 15						EXHIBITS AND FINANCIAL STATEMENT SCHEDULES			140
ITEM 16						FORM 10-K SUMMARY			142
						SIGNATURES			143
						EXHIBITS
						CERTIFICATIONS

Certain statements contained in this Annual Report on Form 10-K 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, 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; evaluations of future interest rate trends and liquidity; expectations as to growth in assets, deposits and results of operations, future operations, market position and 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 business activities; changes in interest rates; competitive pressures from other financial institutions and non-banks; the effects of weakness in general economic conditions on a national basis or in the local markets in which the Company operates, including changes that adversely affect borrowers’ ability to service and repay our loans; changes in the value of securities in our investment portfolio; changes in loan default and charge-off rates; the adequacy of loan loss reserves; decreases 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; operational risks, including, but not limited to, cybersecurity, fraud, natural disasters and pandemics; the risk that the Company’s deferred tax assets may not be realized; risks related to 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 this Annual Report on Form 10-K 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.