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FDIC Indemnification Asset
12 Months Ended
Dec. 31, 2014
Fdic Indemnification Asset [Abstract]  
FDIC Indemnification Asset

Note 6.  FDIC Indemnification Asset

 

As discussed in Note 1(i), 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 unaudited additional information regarding the FDIC indemnification asset in the “FDIC Indemnification Asset” section of the Management's Discussion and Analysis included in the Company's Form 10-K.

 

At December 31, 2014 and 2013, the FDIC indemnification asset was comprised of the following components:

 

($ in thousands)

 

2014

 

2013

Receivable related to loss claims incurred, not yet reimbursed

  $ 6,899   12,649

Receivable related to estimated future claims on loans

  14,933   33,398

Receivable related to estimated future claims on foreclosed real estate

  737   2,575

     FDIC indemnification asset

  $ 22,569   48,622


The following presents a rollforward of the FDIC indemnification asset since January 1, 2012.

 

($ in thousands)

 

Balance at January 1, 2012

  $ 121,677

Increase related to unfavorable change 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

Increase related to unfavorable changes in loss estimates

  2,923

Increase related to reimbursable expenses

  3,925

Cash received

  (17,724 )

Accretion of loan discount

  (15,281 )

Other

  104

Balance at December 31, 2014

  $ 22,569