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Note 8: Acquired Loans, Loss Sharing Agreements and FDIC Indemnification Assets: Valley Bank FDIC Indemnification Asset Policy (Policies) | 3 Months Ended
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Sep. 30, 2014
Policies |
Valley Bank FDIC Indemnification Asset Policy | Valley Bank Loans and Foreclosed Assets. The following table presents the balances of the loans and discount related to the Valley Bank transaction at September 30, 2014. Gross loan balances (due from the borrower) were reduced approximately $14.1 million since the transaction date because of $12.3 million of repayments by the borrower and $1.8 million of charge-offs to customer loan balances. The Valley Bank transaction did not include a loss sharing agreement; however, the loans were recorded at a discount, which is accreted to yield over the life of the loans.

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