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Note 8: Loss Sharing Agreements and FDIC Indemnification Assets: Schedule of Sun Security Bank FDIC Indemnification Asset (Tables)

6 Months Ended

Jun. 30, 2014

	June 30, 2014
		Foreclosed
	Loans	Assets
(In Thousands)
Initial basis for loss sharing determination,
net of activity since acquisition date	$68,269	$1,782
Reclassification from nonaccretable discount to accretable discount due to change in expected losses (net of accretion to date)	(4,144)	--
Original estimated fair value of assets, net of activity since
acquisition date	(58,400)	(1,000)

Expected loss remaining	5,725	782
Assumed loss sharing recovery percentage⁽¹⁾	66%	80%

Estimated loss sharing value	3,796	625
Indemnification asset to be amortized resulting from
change in expected losses	3,312	--
Accretable discount on FDIC indemnification asset	(455)	(63)
FDIC indemnification asset	$6,653	$562

(1) $474,000 of the expected loss remaining is related to loans not covered by the loss sharing agreement.

	December 31, 2013
		Foreclosed
	Loans	Assets
(In Thousands)
Initial basis for loss sharing determination,
net of activity since acquisition date	$78,524	$3,582
Non-credit premium/(discount), net of activity since acquisition date	(105)	--
Reclassification from nonaccretable discount to accretable discount
due to change in expected losses (net of accretion to date)	(5,062)	--
Original estimated fair value of assets, net of activity since
acquisition date	(64,843)	(2,193)

Expected loss remaining	8,514	1,389
Assumed loss sharing recovery percentage	70%	80%

Estimated loss sharing value	5,974	1,111
Indemnification asset to be amortized resulting from
change in expected losses	4,049	--
Accretable discount on FDIC indemnification asset	(680)	(93)
FDIC indemnification asset	$9,343	$1,018