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FDIC Loss Sharing Asset and Other Assets (Tables)
 12 Months Ended
Dec. 31, 2012
Summary of Activity Related to FDIC Loss Sharing Asset

The following table summarizes the activity related to the FDIC loss sharing asset for the years indicated:

 

     For the Year Ended December 31,  
     2012     2011  
     (Dollars in thousands)  

Balance, beginning of period

    $ 59,453      $ 101,461   

FDIC share of additional losses, net of recoveries

      1,111        7,639   

Cash received from FDIC

      (18,974 )      (42,179 ) 

Net Accretion (1)

      (23,027 )      (7,468 ) 

Other reductions, net

      (74 )      —     
  

 

 

    

 

 

  

Balance, end of period

    $ 18,489      $ 59,453   
  

 

 

    

 

 

  

 

(1) Net accretion included accelerated accretion as a result of loans being paid off in full, sold or transferred to covered OREO.
Summary of Other Assets

Other assets were comprised of the following as of December 31, 2012, and 2011, respectively:

 

     As of December 31,  
     2012      2011  
     (Dollars in thousands)  

Prepaid expenses

    $ 12,569       $ 16,699   

Interest rate swaps

      23,966         20,497   

Other assets

      8,192         7,477   
  

 

 

     

 

 

  

Total

    $ 44,727       $ 44,673