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FDIC Indemnification Asset

9 Months Ended

Sep. 30, 2017

Fdic Indemnification Asset [Abstract]

Note 10 – FDIC Indemnification Asset

The Company terminated all loss share agreements with the FDIC effective September 22, 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 following presents a rollforward of the FDIC indemnification asset from January 1, 2016 through the date of termination.

($ 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)		1,554
Related to accretion of loan discount		(2,005	)
Other		(236	)
Write off of asset balance upon termination of FDIC loss share agreements effective September 22, 2016		(5,711	)
Balance at September 30, 2016	$	—