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NOTE 7: ACQUIRED LOANS, LOSS SHARING AGREEMENTS AND FDIC INDEMNIFICATION ASSETS: FDIC Indemnification Asset Roll Forward (Tables)
 9 Months Ended
Sep. 30, 2017
TeamBank  
FDIC Indemnification Asset Roll Forward

 

 

September 30, 2017

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

   $        14,520 

 

   $                  -- 

Reclassification from nonaccretable discount to accretable discount

 

 

 

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

                 (649)

 

                       -- 

Original estimated fair value of assets, net of activity since

 

 

 

acquisition date

            (13,721)

 

                        --

 

 

 

 

Expected loss remaining

   $              150 

 

   $                  -- 

 

 

December 31, 2016

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

   $        18,838 

 

   $                14 

Reclassification from nonaccretable discount to accretable discount

 

 

 

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

                 (846)

 

                       -- 

Original estimated fair value of assets, net of activity since

 

 

 

acquisition date

            (17,833)

 

                    (14)

 

 

 

 

Expected loss remaining

   $              159 

 

   $                  -- 

 
Vantus Bank  
FDIC Indemnification Asset Roll Forward

 

 

September 30, 2017

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

   $        19,789 

 

   $                 15 

Reclassification from nonaccretable discount to accretable discount

 

 

 

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

                 (153)

 

                        -- 

Original estimated fair value of assets, net of activity since

 

 

 

acquisition date

            (19,406)

 

                     (15)

 

 

 

 

Expected loss remaining

   $              230 

 

   $                   -- 

 

 

December 31, 2016

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

   $        23,712 

 

   $                 15 

Reclassification from nonaccretable discount to accretable discount

 

 

 

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

                 (239)

 

                        -- 

Original estimated fair value of assets, net of activity since

 

 

 

acquisition date

            (23,232)

 

                     (15)

 

 

 

 

Expected loss remaining

   $              241 

 

   $                   -- 

 
Sun Security Bank  
FDIC Indemnification Asset Roll Forward

 

 

September 30, 2017

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

   $        27,908 

 

   $              330 

Reclassification from nonaccretable discount to accretable discount    due to change in expected losses (net of accretion to date)

                 (590)

 

                       -- 

Original estimated fair value of assets, net of activity since

 

 

 

acquisition date

            (26,317)

 

                 (323)

 

 

 

 

Expected loss remaining

   $          1,001 

 

   $                  7 

 

 

December 31, 2016

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

   $        33,579 

 

   $              365 

Reclassification from nonaccretable discount to accretable discount    due to change in expected losses (net of accretion to date)

              (1,086)

 

                       -- 

Original estimated fair value of assets, net of activity since

 

 

 

acquisition date

            (31,499)

 

                 (286)

 

 

 

 

Expected loss remaining

   $              994 

 

   $                79 

 
InterBank  
FDIC Indemnification Asset Roll Forward

 

 

September 30, 2017

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

   $      120,439 

 

   $           2,782 

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

                   333 

 

                        -- 

Reclassification from nonaccretable discount to accretable discount

 

 

 

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

                 (736)

 

                        -- 

Original estimated fair value of assets, net of activity since

 

 

 

acquisition date

         (106,185)

 

               (2,523)

 

 

 

 

Expected loss remaining

   $        13,851 

 

   $               259 

 

 

December 31, 2016

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

   $      149,657  

 

   $          1,417 

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

                   543  

 

                       -- 

Reclassification from nonaccretable discount to accretable discount

 

 

 

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

              (1,984) 

 

                       -- 

Original estimated fair value of assets, net of activity since

 

 

 

acquisition date

         (134,355) 

 

              (1,417)

 

 

 

 

Expected loss remaining

             13,861  

 

                       -- 

Assumed loss sharing recovery percentage

                   84%

 

                       -- 

 

 

 

 

Estimated loss sharing value

             11,644  

 

                       -- 

FDIC loss share clawback

                   953  

 

                       -- 

Indemnification asset to be amortized resulting from

 

 

 

change in expected losses

               1,586  

 

                       -- 

Accretable discount on FDIC indemnification asset

              (1,038) 

 

                       -- 

FDIC indemnification asset

   $        13,145  

 

   $                  -- 

 
Valley Bank  
FDIC Indemnification Asset Roll Forward

 

 

September 30, 2017

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis, net of activity since acquisition date

   $        67,346 

 

   $           1,780 

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

                     39 

 

                        -- 

Reclassification from nonaccretable discount to accretable discount

 

 

 

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

                 (537)

 

                        -- 

Original estimated fair value of assets, net of activity since

 

 

 

acquisition date

            (61,517)

 

               (1,773)

 

 

 

 

Expected loss remaining

   $          5,331 

 

   $                   7 

 

 

December 31, 2016

 

 

 

Foreclosed

 

Loans

 

Assets

 

(In Thousands)

 

 

 

 

Initial basis, net of activity since acquisition date

   $        84,283 

 

   $           1,973 

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

                   228 

 

                        -- 

Reclassification from nonaccretable discount to accretable discount

 

 

 

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

              (2,121)

 

                        -- 

Original estimated fair value of assets, net of activity since

 

 

 

acquisition date

            (76,231)

 

               (1,952)

 

 

 

 

Expected loss remaining

   $          6,159 

 

   $                 21