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Federally Assisted Acquisition of San Joaquin Bank
 6 Months Ended
Jun. 30, 2012
Federally Assisted Acquisition of San Joaquin Bank [Abstract]  
FEDERALLY ASSISTED ACQUISITION OF SAN JOAQUIN BANK
4. FEDERALLY ASSISTED ACQUISITION OF SAN JOAQUIN BANK

On October 16, 2009 the Bank acquired SJB and entered into a loss sharing agreement with the FDIC that is more fully discussed in the Significant Accounting Policies (Note 3) included herein.

Loans acquired from the SJB acquisition have been performing better than originally expected. At June 30, 2012, the remaining discount associated with the SJB loans approximates $36.5 million. Based on the current re-forecast of expected cash flows, approximately $17 million of the discount is expected to accrete into interest income over the remaining average lives of the respective pools and individual loans, which approximates 4.5 years and 2.0 years, respectively. Due to the decrease in estimated losses to be incurred in the remaining portfolio, the expected reimbursement from the FDIC under the loss sharing agreement decreased. The FDIC loss sharing asset of $40.9 million at June 30, 2012 will be reduced by loss claims submitted to the FDIC with the remaining balance amortized on the same basis as the discount, not to exceed its remaining contract life of approximately 2.5 years.