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FDIC Indemnification Asset | 3 Months Ended
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Mar. 31, 2017
Fdic Indemnification Asset [Abstract] |
FDIC Indemnification Asset | Note 10 – FDIC Indemnification Asset As discussed previously in Note 4 to the Company’s 2016 Annual Report on Form 10-K, the Company terminated all loss share agreements with the FDIC during 2016. As a result, the remaining balance in the FDIC Indemnification Asset, which represented the estimated amount to be received from the FDIC under the loss share agreements, was written off as indemnification asset expense as of the termination date. The FDIC indemnification asset was comprised of the following components as of the dates shown:
($ in thousands) |  | March 31, 2017 |  |  | December 31, 2016 |  |  | March 31, 2016 |
Receivable (payable) related to loss claims incurred (recoveries), not yet received (paid), net |  | $ | — |  |  |  | — |  |  |  | (1,143 | )
Receivable related to estimated future claims on loans |  |  | — |  |  |  | — |  |  |  | 7,422 |
Receivable related to estimated future claims on foreclosed real estate |  |  | — |  |  |  | — |  |  |  | 425 |
FDIC indemnification asset |  | $ | — |  |  |  | — |  |  |  | 6,704 |
The following presents a rollforward of the FDIC indemnification asset for the first quarter of 2016.
($ in thousands) |  |  |
Balance at January 1, 2016 |  | $ | 8,439 |
Decrease related to favorable changes in loss estimates |  |  | (1,230 | )
Increase related to reimbursable expenses |  |  | 99 |
Cash paid (received) |  |  | 356 |
Related to accretion of loan discount |  |  | (965 | )
Other |  |  | 5 |
Balance at March 31, 2016 |  | $ | 6,704 |

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