Acquired SJB Assets and FDIC Loss Sharing Asset (Tables)

12 Months Ended

Dec. 31, 2016

Summary of PCI Loans and Lease Finance Receivables

The following table provides a summary of PCI loans and lease finance receivables by type and by internal risk ratings (credit quality indicators) for the periods presented.


	December 31,
	2016		2015
	(Dollars in thousands)

Commercial and industrial	$	2,309	$	7,473
SBA		327		393
Real estate:
Commercial real estate		67,594		81,786
Construction		-		-
SFR mortgage		178		193
Dairy & livestock and agribusiness		1,216		1,429
Municipal lease finance receivables		-		-
Consumer and other loans		1,469		2,438

Gross PCI loans		73,093		93,712
Less: Purchase accounting discount		(1,508)		(3,872)

Gross PCI loans, net of discount		71,585		89,840
Less: Allowance for PCI loan losses		(1,219)		-

Net PCI loans	$	70,366	$	89,840

Summary of Gross PCI Loans by Internal Risk Ratings by Loans

The following table summarizes gross PCI loans by internal risk ratings for the periods presented.


	December 31,
	2016		2015
	(Dollars in thousands)
Pass	$	59,409	$	76,401
Special mention		1,162		11,142
Substandard		12,522		6,169
Doubtful & loss		-		-

Total gross PCI loans	$	73,093	$	93,712

Summary of Activity Related to FDIC Loss Sharing Liability

The following table summarizes the activity related to the FDIC loss sharing liability for the periods presented.


	For the Year Ended December 31,
	2016		2015
	(Dollars in thousands)
Balance, beginning of period	$	(229)	$	299
FDIC share of recoveries, net of charge-offs		(5)		(902)
Cash paid to (received from) FDIC, net		514		1,089
Net amortization (1)		-		-
Other		(782)		(715)

Balance, end of period	$	(502)	$	(229)

(1)

Net amortization included accelerated amortization as a result of loans being paid off in full, sold, or transferred to OREO.