Equity method investment

6 Months Ended

Jun. 30, 2017

Equity Method Investments and Joint Ventures [Abstract]

A summary of BHG's financial position as of June 30, 2017 and December 31, 2016 and results of operations as of and for the six months ended June 30, 2017 and 2016, were as follows (in thousands):



	As of
	June 30, 2017		December 31, 2016
Assets	$	253,355	$	223,246

Liabilities	169,357		139,531
Membership interests	83,998		83,715
Total liabilities and membership	$	253,355	$	223,246



	For the three months ended June 30,				For the six months ended June 30,
	2017		2016		2017		2016
Revenues	$	37,012	$	39,330	$	71,247	$	70,618
Net income	$	18,013	$	21,439	$	34,024	$	33,593

At June 30, 2017, technology, trade name and customer relationship intangibles, net of related amortization, totaled $15.1 million compared to $16.8 million as of December 31, 2016. Amortization expense of $832,000 and $1.7 million was included for the three and six months ended June 30, 2017, respectively, compared to $575,000 and $953,000, respectively, for the same periods in the prior year. Accretion income of $767,000 and $1.6 million was included in the three and six months ended June 30, 2017, respectively, compared to $303,000 and $1.2 million for the same periods in the prior year, respectively.

During the three and six months ended June 30, 2017, Pinnacle Financial and Pinnacle Bank received dividends from BHG of $12.5 million and $14.9 million in the aggregate, respectively, compared to $16.5 million and $21.8 million, respectively, for the same periods 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 six-month periods ended June 30, 2017 or June 30, 2016, respectively.