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Note 8: Loss Sharing Agreements and FDIC Indemnification Assets: Schedule of TeamBank FDIC Indemnification Asset (Tables)
3 Months Ended
Mar. 31, 2013
Tables/Schedules  
Schedule of TeamBank FDIC Indemnification Asset

 

 

March 31, 2013

 

 

 

Foreclosed

 

Loans

 

Assets

(In Thousands)

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$77,245

 

$6,002

Non-credit premium/(discount), net of activity since acquisition date

(27)

 

--

Reclassification from nonaccretable discount to accretable discount

 

 

 

due to change in expected losses (net of accretion to date)

(4,484)

 

--

Original estimated fair value of assets, net of activity since

 

 

 

acquisition date

(70,906)

 

(5,638)

 

 

 

 

Expected loss remaining

1,828

 

364

Assumed loss sharing recovery percentage

81%

 

80%

 

 

 

 

Estimated loss sharing value

1,482

 

292

Indemnification asset to be amortized resulting from

 

 

 

change in expected losses

3,158

 

--

Accretable discount on FDIC indemnification asset

(178)

 

--

FDIC indemnification asset

$4,462

 

$292

 

 

December 31, 2012

 

 

 

Foreclosed

 

Loans

 

Assets

(In Thousands)

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$86,657

 

$9,056

Non-credit premium/(discount), net of activity since acquisition date

(134)

 

--

Reclassification from nonaccretable discount to accretable discount

 

 

 

due to change in expected losses (net of accretion to date)

(5,120)

 

--

Original estimated fair value of assets, net of activity since

 

 

 

acquisition date

(77,615)

 

(7,669)

 

 

 

 

Expected loss remaining

3,788

 

1,387

Assumed loss sharing recovery percentage

81%

 

82%

 

 

 

 

Estimated loss sharing value

3,051

 

1,141

Indemnification asset to be amortized resulting from

 

 

 

change in expected losses

4,036

 

--

Accretable discount on FDIC indemnification asset

(332)

 

--

FDIC indemnification asset

$6,755

 

$1,141