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FDIC Indemnification Asset | 6 Months Ended
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Jun. 30, 2011
FDIC Indemnification Asset [Abstract] |
FDIC Indemnification Asset | Note 10 – FDIC Indemnification Asset The FDIC indemnification asset is the estimated amount that the Company will receive from the FDIC under loss share agreements associated with two FDIC-assisted failed bank acquisitions. See page 40 of the Company's 2010 Form 10-K for a detailed explanation of this asset. The FDIC indemnification asset was comprised of the following components as of the dates shown:
($ in thousands) |  | June 30, 2011 |  |  | December 31, 2010 |  |  | June 30, 2010 |
Receivable related to claims submitted, not yet received |  | $ | 27,668 |  |  |  | 30,201 |  |  |  | 26,550 |
Receivable related to future claims on loans |  |  | 100,953 |  |  |  | 86,966 |  |  |  | 88,741 |
Receivable related to future claims on other real estate owned |  |  | 14,273 |  |  |  | 6,552 |  |  |  | 2,781 |
FDIC indemnification asset |  | $ | 142,894 |  |  |  | 123,719 |  |  |  | 118,072 |
The following presents a rollforward of the FDIC indemnification asset since December 31, 2010.
($ in thousands) |  |  |
Balance at December 31, 2010 |  | $ | 123,719 |
Increase related to Bank of Asheville acquisition |  |  | 42,218 |
Increase related to unfavorable change in loss estimates |  |  | 11,694 |
Increase related to reimbursable expenses |  |  | 2,746 |
Cash received |  |  | (32,468 | )
Accretion of loan discount |  |  | (5,223 | )
Other |  |  | 208 |
Balance at June 30, 2011 |  | $ | 142,894 |

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