Equity Method Investment (Tables)

3 Months Ended

Mar. 31, 2017

A summary of BHG's financial position as of March 31, 2017 and December 31, 2016 and results of operations as of and for the three months ended March 31, 2017 and 2016, were as follows (in thousands):

	As of
	March 31, 2017		December 31, 2016

Assets	$	244,542	$	223,246

Liabilities		165,271		139,531
Membership interests		79,271		83,715
Total liabilities and membership	$	244,542	$	223,246

	For the three months ended March 31,
	2017		2016

Revenues	$	34,235		$	31,288
Net income	$	16,012		$	12,154

At March 31, 2017, technology, trade name and customer relationship intangibles, net of related amortization, of $15.9 million compared to $16.8 million as of December 31, 2016. Amortization expense of $832,000 was included for the three months ended March 31, 2017 compared to $378,000 for the same period in the prior year. Accretion income of $806,000 was included in the three months ended March 31, 2017 compared to $871,000 for the same period in the prior year.

During the three months ended March 31, 2017, Pinnacle Financial and Pinnacle Bank received dividends from BHG of $2.5 million in the aggregate, respectively, compared to $4.9 million for the same period in the prior year. Earnings from BHG are included in Pinnacle Financial's consolidated tax return. Profits from intercompany transactions are eliminated. No loans were purchased from BHG by Pinnacle Bank for the periods ended March 31, 2017 or March 31, 2016.