Boston Private Financial Holdings, which owns Boston Private Bank & Trust, has logged GAAP net income of $13.1 million for the fourth quarter, compared to a net loss of $10 million a year earlier.

For the full year, Boston Private reported net income of $39.1 million, compared to an $11 million net loss the year before.

On the fee revenue side, the bank reported $14.8 million from investment management and trust fees in Q4, wealth advisory fees of $10.5 million and other banking fee income of $1.2 million.

Meanwhile, assets under management and advisory stood at $19.1 billion at year-end, down from $19.5 billion a year earlier. Of these, $3.6 billion were in the private banking business, $7.6 billion were in the investment managers business, and $8 billion in wealth advisory.

Boston Private Financial Holdings has private banking and wealth management affiliates operating in Boston, New York, Philadelphia, Los Angeles, San Francisco and Seattle. The firm has a $6 billion private banking balance sheet.