FDIC Indemnification and True-up Payment Obligation (Tables)

6 Months Ended

Jun. 30, 2017

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 quarters and six-month periods ended June 30, 2017 and 2016:

	Quarter Ended June 30,				Six-Month Period Ended June 30,
	2017		2016		2017		2016
	(In thousands)
FDIC indemnification asset:
Balance at beginning of period	$	-	$	20,923	$	14,411	$	22,599
Shared-loss agreements reimbursements from the FDIC		-		(332)		-		(737)
Increase in expected credit losses to be covered under shared-loss agreements, net		-		951		-		2,395
FDIC indemnification asset benefit (expense)		-		(1,405)		1,403		(4,269)
Net expenses incurred under shared-loss agreements		-		(1,711)		-		(1,562)
Shared-loss termination settlement		-		-		(15,814)		-
Balance at end of period	$	-	$	18,426	$	-	$	18,426

True-up payment obligation:
Balance at beginning of period	$	-	$	25,235	$	26,786	$	24,658
Change in true-up payment obligation		-		537		-		1,114
Shared-loss termination settlement		-		-		(26,786)		-
Balance at end of period	$	-	$	25,772	$	-	$	25,772

FDIC Indemnification Asset Expense [Table Text block]

	Quarter Ended June 30,				Six-Month Period Ended June 30,
	2017		2016		2017		2016
	(In thousands)
FDIC indemnification asset expense (benefit)	$	-	$	1,405	$	(1,403)	$	4,269
Change in true-up payment obligation		-		537		-		1,114
Reimbursement to FDIC for recoveries		-		1,478		-		2,066
Total FDIC shared-loss expense (benefit), net	$	-	$	3,420	$	(1,403)	$	7,449