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Receivable from FDIC for Loss Share Agreements | 9 Months Ended
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Sep. 30, 2014
Receivable From FDIC For Loss Share Agreements [Abstract] |
Receivable from FDIC for Loss Share Agreements | FDIC LOSS SHARE RECEIVABLE The following table provides changes in the receivable from the FDIC for the three-month and nine-month periods ended September 30, 2014 and September 30, 2013.
| Three months ended September 30 |  | Nine months ended September 30
(Dollars in thousands) | 2014 |  | 2013 |  | 2014 |  | 2013
Beginning balance | $ | 49,959 |  |  | $ | 158,013 |  |  | $ | 93,397 |  |  | $ | 270,192 |
Amortization | (6,362 | ) |  | (20,553 | ) |  | (37,028 | ) |  | (65,734 | )
Cash payments to (from) FDIC | 1,130 |  |  | 1,431 |  |  | 5,479 |  |  | (45,103 | )
Post-acquisition adjustments | 413 |  |  | (38,338 | ) |  | (16,708 | ) |  | (58,802 | )
Ending balance | $ | 45,140 |  |  | $ | 100,553 |  |  | $ | 45,140 |  |  | $ | 100,553 |
The receivable from the FDIC for loss share agreements is measured separately from the related covered assets and is recorded at fair value at the acquisition date using projected cash flows based on the expected reimbursements for losses and the applicable loss share percentages. See Note J for information related to FCB's recorded payable to the FDIC for loss share agreements. Amortization reflects changes in the FDIC loss share receivable due to improvements in expected cash flows that are being recognized over the remaining term of the loss share agreement. Cash payments to (from) FDIC represent the net impact of loss share loan recoveries, charge-offs and related expenses as calculated and reported in FDIC loss share certificates. Post-acquisition adjustments represent the net change in loss estimates related to acquired loans and covered OREO as a result of changes in expected cash flows and the allowance for loan and lease losses related to those covered loans. For loans covered by loss share agreements, subsequent decreases in the amount expected to be collected from the borrower or collateral liquidation result in a provision for loan and lease losses, an increase in the allowance for loan and lease losses and a proportional adjustment to the receivable from the FDIC for the estimated amount to be reimbursed. Subsequent increases in the amount expected to be collected from the borrower or collateral liquidation result in the reversal of some or all previously recorded provision for loan and lease losses, a decrease in the related allowance for loan and lease losses and a proportional adjustment to the receivable from the FDIC, or prospective adjustment to the accretable yield and the related receivable from the FDIC if no provision for loan and lease losses had been recorded previously. The loss share agreements for TVB and VB expired during the third quarter of 2014, and the loss share agreements for FRB and SAB will expire during the first quarter of 2015.

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- Definition Represents the fair value of the receivable from the FDIC resulting from FDIC-assisted transactions. Fair value estimated using projected cash flows included in loss share agreements based on expected reimbursements for losses and applicable loss share percentages. Updated as changes in estimates made and payments received from the FDIC + References No definition available. + Details
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