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FDIC Shared-Loss Payable | 9 Months Ended
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Sep. 30, 2021
FDIC Shared-Loss Receivable [Abstract] |
FDIC Shared-Loss Receivable | FDIC SHARED-LOSS PAYABLE For certain FDIC-assisted transactions, the related shared-loss agreement included a provision requiring a payment owed to the FDIC at the termination of the agreement. As of September 30, 2021, these agreements have been satisfied following a $16.1 million payment made to the FDIC during the first quarter of 2021 related to the final active agreement. The following table provides changes in the FDIC shared-loss payable since December 31, 2020:
(Dollars in thousands) | Total
Balance at December 31, 2020 | $ | 15,601 |
Accretion | 502 |
Payment made to the FDIC to settle shared-loss agreement | (16,103) |
Balance at September 30, 2021 | $ | — |

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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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- Definition FDIC Shared-Loss Receivable [Abstract] + References No definition available. + Details
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