FDIC Indemnification and True-up Payment Obligation and FDIC shared-loss expense (Tables)

12 Months Ended

Dec. 31, 2015

FDIC Indemnification Asset and True-Up Payment Obligation Roll Forward

The following table presents the activity in the FDIC indemnification asset and true-up payment obligation for the years ended December 31, 2015, 2014 and 2013:

	Year Ended December 31,
	2015		2014		2013
	(In thousands)
FDIC indemnification asset:
Balance at beginning of year	$	97,378	$	189,240	$	302,295
Shared-loss agreements reimbursements from the FDIC		(55,723)		(47,666)		(47,100)
Increase (decrease) in expected credit losses to be covered under shared-loss agreements, net		2,503		5,836		(6,730)
FDIC indemnification asset expense		(36,398)		(62,285)		(66,253)
Final settlement with the FDIC on commercial loans		(1,589)		-		-
Incurred expenses to be reimbursed under shared-loss agreements		16,428		12,253		7,028
Balance at end of year	$	22,599	$	97,378	$	189,240

True-up payment obligation:
Balance at beginning of year	$	21,981	$	18,510	$	15,496
Change in true-up payment obligation		2,677		3,471		3,014
Balance at end of year	$	24,658	$	21,981	$	18,510

Schedule Of Business Acquisitions By Acquisition Contingent Consideration Text Block

	December 31,
	2015		2014
	(In thousands)
Carrying amount (fair value)	$	24,658	$	21,981
Undiscounted amount	$	34,956	$	40,266

	Year Ended December 31,
	2015		2014		2013
	(In thousands)
FDIC indemnification asset expense	$	(36,398)	$	(62,285)	$	(66,253)
Change in true-up payment obligation		(2,677)		(3,471)		(3,014)
Reimbursement to FDIC for recoveries		(2,144)		-		-
Final settlement with the FDIC on commercial loans		(1,589)		-		-
Total FDIC shared-loss expense, net		(42,808)	$	(65,756)	$	(69,267)