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FDIC Indemnification Asset

6 Months Ended

Jun. 30, 2016

Fdic Indemnification Asset [Abstract]

Note 9 – 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 42 of the Company’s 2015 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)	June 30, 2016			December 31, 2015			June 30, 2015
Receivable (payable) related to loss claims incurred (recoveries), not yet received (paid), net	$	(1,542	)		(633	)		265
Receivable related to estimated future claims on loans		6,383			8,675			11,003
Receivable related to estimated future claims on foreclosed real estate		316			397			714
FDIC indemnification asset	$	5,157			8,439			11,982

The following presents a rollforward of the FDIC indemnification asset since December 31, 2015.

($ in thousands)
Balance at December 31, 2015	$	8,439
Decrease related to favorable changes in loss estimates		(2,246	)
Increase related to reimbursable expenses		205
Cash paid (received)		738
Amortization associated with accretion of loan discount		(2,005	)
Other		26
Balance at June 30, 2016	$	5,157