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FDIC Indemnification Asset and True-up Payment Obligation | 6 Months Ended
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Jun. 30, 2018
Banking and Thrift [Abstract] |
FDIC Indemnification Asset and True-up Payment Obligation [Text Block] | NOTE 7- FDIC SHARED-LOSS AGREEMENTS On February 6, 2017, the Bank and the FDIC agreed to terminate the single family and commercial shared-loss agreements related to the FDIC assisted acquisition of Eurobank on April 30, 2010. As part of the loss share termination transaction, the Bank made a payment of $10.1 million to the FDIC and recorded a net benefit of $1.4 million. Such termination payment took 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-loss agreements terminated as of the closing date of the agreement.

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- Definition The FDIC indemnification asset represents the present value of losses on covered assets to be reimbursed by the FDIC under the loss share agreements. + References No definition available. + Details
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- References No definition available. + Details
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