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Note 7: Fdic Acquired Loans, Loss Sharing Agreements and FDIC Indemnification Assets: FDIC Indemnification Asset Roll Forward (Tables)
 3 Months Ended
Jun. 30, 2016
TeamBank  
FDIC Indemnification Asset Roll Forward

 

 

June 30, 2016

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$22,877

 

$--

Reclassification from nonaccretable discount to accretable discount

 

 

 

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

(1,038)

 

--

Original estimated fair value of assets, net of activity since

 

 

 

acquisition date

(21,669)

 

--

 

 

 

 

Expected loss remaining

$170

 

$--

 

 

December 31, 2015

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$29,115

 

$--

Reclassification from nonaccretable discount to accretable discount

 

 

 

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

(1,285)

 

--

Original estimated fair value of assets, net of activity since

 

 

 

acquisition date

(27,660)

 

--

 

 

 

 

Expected loss remaining

170

 

--

Assumed loss sharing recovery percentage

90%

 

0%

 

 

 

 

Estimated loss sharing value

154

 

--

Indemnification asset to be amortized resulting from

 

 

 

change in expected losses

241

 

--

FDIC indemnification asset

$395

 

$--

 
Vantus Bank  
FDIC Indemnification Asset Roll Forward

 

 

June 30, 2016

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$28,562

 

$608

Reclassification from nonaccretable discount to accretable discount

 

 

 

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

(333)

 

--

Original estimated fair value of assets, net of activity since

 

 

 

acquisition date

(27,973)

 

(418)

 

 

 

 

Expected loss remaining

$256

 

$190

 

 

December 31, 2015

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$31,818

 

$608

Reclassification from nonaccretable discount to accretable discount

 

 

 

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

(470)

 

--

Original estimated fair value of assets, net of activity since

 

 

 

acquisition date

(31,092)

 

(418)

 

 

 

 

Expected loss remaining

256

 

190

Assumed loss sharing recovery percentage

61%

 

--%

 

 

 

 

Estimated loss sharing value

156

 

--

Indemnification asset to be amortized resulting from

 

 

 

change in expected losses

319

 

--

FDIC indemnification asset

$475

 

$--

 
Sun Security Bank  
FDIC Indemnification Asset Roll Forward

 

 

June 30, 2016

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$38,247

 

$372

Reclassification from nonaccretable discount to accretable discount

 

 

 

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

(1,443)

 

--

Original estimated fair value of assets, net of activity since

 

 

 

acquisition date

(35,558)

 

(303)

 

 

 

 

Expected loss remaining

$1,246

 

$69

 

 

December 31, 2015

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$43,855

 

$557

Reclassification from nonaccretable discount to accretable discount

 

 

 

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

(2,171)

 

--

Original estimated fair value of assets, net of activity since

 

 

 

acquisition date

(40,349)

 

(461)

 

 

 

 

Expected loss remaining

1,335

 

96

Assumed loss sharing recovery percentage

34%

 

80%

 

 

 

 

Estimated loss sharing value

456

 

77

Indemnification asset to be amortized resulting from

 

 

 

change in expected losses

1,725

 

--

Accretable discount on FDIC indemnification asset

(36)

 

(63)

FDIC indemnification asset

$2,145

 

$14

 
InterBank  
FDIC Indemnification Asset Roll Forward

 

 

June 30, 2016

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$172,104

 

$1,062

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

711

 

--

Reclassification from nonaccretable discount to accretable discount

 

 

 

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

(3,043)

 

--

Original estimated fair value of assets, net of activity since

 

 

 

acquisition date

(153,306)

 

(794)

 

 

 

 

Expected loss remaining

16,466

 

268

Assumed loss sharing recovery percentage

83%

 

80%

 

 

 

 

Estimated loss sharing value(1)

13,728

 

214

FDIC loss share clawback

1,563

 

--

Indemnification asset to be amortized resulting from

 

 

 

change in expected losses

2,434

 

--

Accretable discount on FDIC indemnification asset

(1,372)

 

(33)

FDIC indemnification asset

$16,353

 

$181

 

(1)

Includes $400,000 impairment of indemnification asset for loans

 

 

December 31, 2015

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$193,654

 

$2,110

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

902

 

--

Reclassification from nonaccretable discount to accretable discount

 

 

 

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

(4,901)

 

--

Original estimated fair value of assets, net of activity since

 

 

 

acquisition date

(170,308)

 

(1,392)

 

 

 

 

Expected loss remaining

19,347

 

718

Assumed loss sharing recovery percentage

83%

 

80%

 

 

 

 

Estimated loss sharing value

16,032

 

575

FDIC loss share clawback

2,360

 

--

Indemnification asset to be amortized resulting from

 

 

 

change in expected losses

3,920

 

--

Accretable discount on FDIC indemnification asset

(1,801)

 

(33)

FDIC indemnification asset

$20,511

 

$542

 
Valley Bank  
FDIC Indemnification Asset Roll Forward

 

 

June 30, 2016

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis, net of activity since acquisition date

$96,425

 

$1,502

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

440

 

--

Reclassification from nonaccretable discount to accretable discount

 

 

 

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

(2,444)

 

--

Original estimated fair value of assets, net of activity since

 

 

 

acquisition date

(84,019)

 

(1,481)

 

 

 

 

Expected loss remaining

$10,402

 

$21

 

 

December 31, 2015

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis, net of activity since acquisition date

$109,791

 

$1,017

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

719

 

--

Reclassification from nonaccretable discount to accretable discount

 

 

 

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

(3,213)

 

--

Original estimated fair value of assets, net of activity since

 

 

 

acquisition date

(93,436)

 

(995)

 

 

 

 

Expected loss remaining

$13,861

 

$22