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FDIC Indemnification Asset | 9 Months Ended
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Sep. 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) |  | September 30, 2011 |  |  | December 31, 2010 |  |  | September 30, 2010 |
Receivable related to claims submitted, not yet received |  | $ | 13,802 |  |  |  | 30,201 |  |  |  | 8,129 |
Receivable related to future claims on loans |  |  | 90,258 |  |  |  | 86,966 |  |  |  | 81,643 |
Receivable related to future claims on other real estate owned |  |  | 16,890 |  |  |  | 6,552 |  |  |  | 3,353 |
FDIC indemnification asset |  | $ | 120,950 |  |  |  | 123,719 |  |  |  | 93,125 |
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 |  |  | 17,998 |
Increase related to reimbursable expenses |  |  | 4,258 |
Cash received |  |  | (59,411 | )
Accretion of loan discount |  |  | (7,894 | )
Other |  |  | 62 |
Balance at September 30, 2011 |  | $ | 120,950 |

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