FDIC Indemnification and True-up Payment Obligation (Tables)

9 Months Ended

Sep. 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 nine-month periods ended September 30, 2017 and 2016:

	Quarter Ended September 30,				Nine-Month Period Ended September 30,
	2017		2016		2017		2016
	(In thousands)
FDIC indemnification asset:
Balance at beginning of period	$	-	$	18,426	$	14,411	$	22,599
Shared-loss agreements reimbursements from the FDIC		-		(87)		-		(824)
Increase in expected credit losses to be covered under shared-loss agreements, net		-		818		-		3,213
FDIC indemnification asset benefit (expense)		-		(1,910)		1,403		(6,179)
Net expenses incurred under shared-loss agreements		-		(577)		-		(2,139)
Shared-loss termination settlement		-		-		(15,814)		-
Balance at end of period	$	-	$	16,670	$	-	$	16,670

True-up payment obligation:
Balance at beginning of period	$	-	$	25,771	$	26,786	$	24,658
Change in true-up payment obligation		-		508		-		1,621
Shared-loss termination settlement		-		-		(26,786)		-
Balance at end of period	$	-	$	26,279	$	-	$	26,279

FDIC Indemnification Asset Expense [Table Text block]

	Quarter Ended September 30,				Nine-Month Period Ended September 30,
	2017		2016		2017		2016
	(In thousands)
FDIC indemnification asset expense (benefit)	$	-	$	1,910	$	(1,403)	$	6,179
Change in true-up payment obligation		-		508		-		1,621
Reimbursement to FDIC for recoveries		-		878		-		2,945
Total FDIC shared-loss expense (benefit), net	$	-	$	3,296	$	(1,403)	$	10,745