XML 49 R35.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Subsequent Event | 12 Months Ended
--- | ---
Dec. 31, 2016
Subsequent Events [Abstract] |
Subsequent Events Text Block | NOTE 28 – SUBSEQUENT EVENTS Effective February 6, 2017, the Bank and the FDIC agreed to terminate the s ingle f amily and commercial s hared-l oss a greement s related to the FDIC assisted acquisition of Eu robank on April 30, 2010. Pursuant to the terms of the s hared-l oss a greements, the FDIC would reimburse the Bank for 80% of all qualifying losses with respect to assets covered by such agreements, and the Bank would reimburse the FDIC for 80% of qualifying recoveries with respect t o losses for which the FDIC reimbursed the Bank. The s ingle f amily s hared-l oss a greement provided for FDIC loss sharing and the Bank’s reimbursement to the FDIC to last for ten years, and the c ommercial s hared-l oss a greement provided for FDIC loss sharing and the Bank’s reimbursement to the FDIC to last for five years, with additional recovery sharing for three years thereaft er. At December 31, 2016, $52.7 million in net carrying value of single family mortgages and $1.7 million in real estate owned were co vered by the s hared-l oss a greements. As part of t he loss share termination transaction, the Bank made a payment of $10.1 million to the FDIC and recorded a benefit of $1.4 million. Such termination payment takes into account the anticipated reimbursements over the life of the shared-loss agreements and the true-up payment liability of the Bank anticipated at the end of the ten year term of the single family shared-loss agreement. All rights and obligations of the parties under the shared-l oss a greements te rminated as of the closing date of the a greement.

X
- References No definition available. + Details
Name: | us-gaap_SubsequentEventsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
Name: | us-gaap_SubsequentEventsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration