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FDIC Loss Share Agreement Receivable | 6 Months Ended
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Jun. 30, 2012
FDIC Loss Share Agreement Receivable [Abstract] |
FDIC Loss Share Agreement Receivable | Note 7. FDIC Loss Share Agreement Receivable On June 8, 2012, the Company entered into a purchase and assumption agreement with loss share arrangements with the FDIC to purchase certain assets and assume substantially all of the customer deposits and certain liabilities of Waccamaw Bank. Under the loss share agreements, the FDIC has agreed to cover 80% of most loan and foreclosed real estate losses. As of June 30, 2012, the FDIC loss share agreement receivable totaled $52.07 million.

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- Definition FDIC loss share agreement receivable. + References No definition available. + Details
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