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FDIC Indemnification Asset | 3 Months Ended
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Mar. 31, 2012
Fdic Indemnification Asset |
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 38 of the Company’s 2011 Annual Report on 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) |  | March 31, 2012 |  |  | December 31, 2011 |  |  | March 31, 2011 |
Receivable related to claims submitted, not yet received |  | $ | 8,828 |  |  |  | 13,377 |  |  |  | 11,951 |
Receivable related to estimated future claims on loans |  |  | 85,859 |  |  |  | 90,275 |  |  |  | 117,614 |
Receivable related to estimated future claims on other real estate owned |  |  | 18,718 |  |  |  | 18,025 |  |  |  | 11,372 |
FDIC indemnification asset |  | $ | 113,405 |  |  |  | 121,677 |  |  |  | 140,937 |
The following presents a rollforward of the FDIC indemnification asset since December 31, 2011.
($ in thousands) |  |  |
Balance at December 31, 2011 |  | $ | 121,677 |
Increase related to unfavorable changes in loss estimates |  |  | 6,151 |
Increase related to reimbursable expenses |  |  | 1,402 |
Cash received |  |  | (13,247 | )
Accretion of loan discount |  |  | (2,578 | )
Other |  |  | — |
Balance at March 31, 2012 |  | $ | 113,405 |

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