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FDIC Indemnification Asset
 6 Months Ended
Jun. 30, 2017
Fdic Indemnification Asset [Abstract]  
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 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,
2017		   December 31,
2016		   June 30,
2016		 
Receivable (payable) related to loss claims incurred (recoveries), not yet received (paid), net  $—    —    (1,542)
Receivable related to estimated future claims on loans   —    —    6,383 
Receivable related to estimated future claims on foreclosed real estate   —    —    316 
     FDIC indemnification asset  $—    —    5,157 

 

The following presents a rollforward of the FDIC indemnification asset for the first half of 2016.

 

($ in thousands)    
Balance at January 1, 2016  $8,439 
Decrease related to favorable changes in loss estimates   (2,246)
Increase related to reimbursable expenses   205 
Cash paid (received)   738 
Related to accretion of loan discount   (2,005)
Other   26 
Balance at June 30, 2016  $5,157