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FDIC Indemnification Asset (Tables)
 12 Months Ended
Dec. 31, 2013
Fdic Indemnification Asset Tables  
Schedule of the FDIC indemnification asset components

The FDIC indemnification asset was comprised of the following components:

 

($ in thousands)   2013     2012  
Receivable related to loss claims incurred, not yet reimbursed   $ 12,649       33,040  
Receivable related to estimated future claims on loans     33,398       62,044  
Receivable related to estimated future claims on foreclosed real estate     2,575       7,475  
     FDIC indemnification asset   $ 48,622       102,559
Rollforward of the FDIC indemnification asset

The following presents a rollforward of the FDIC indemnification asset since January 1, 2011.

 

($ in thousands)      
Balance at January 1, 2011   $ 123,719  
Increase related to acquisition of The Bank of Asheville     42,218  
Increase related to unfavorable change in loss estimates     29,814  
Increase related to reimbursable expenses     5,725  
Cash received     (69,339 )
Accretion of loan discount     (9,278 )
Other     (1,182 )
Balance at December 31, 2011   $ 121,677  
Increase related to unfavorable changes in loss estimates     16,984  
Increase related to reimbursable expenses     6,947  
Cash received     (29,796 )
Accretion of loan discount     (13,173 )
Other     (80 )
Balance at December 31, 2012   $ 102,559  
Increase related to unfavorable changes in loss estimates     9,312  
Increase related to reimbursable expenses     5,352  
Cash received     (49,572 )
Accretion of loan discount     (16,160 )
Other     (2,869 )
Balance at December 31, 2013   $ 48,622