FDIC LOSS SHARING ASSET

12 Months Ended

Dec. 31, 2011

FDIC LOSS SHARING ASSET

FDIC LOSS SHARING ASSET

NOTE 8—FDIC LOSS SHARING ASSET

        The following table presents changes in the FDIC loss sharing asset for the years indicated:

	Year Ended December 31,
	2011			2010
	(In thousands)
FDIC loss sharing asset, beginning of year	$	116,352		$	112,817
Addition due to acquisition		—			71,204
FDIC share of additional losses, net of recoveries(1)		15,246			31,799
Cash received from FDIC		(41,390	)		(93,786	)
Net accretion		(2,932	)		(5,682	)
Subtotal		87,276			116,352
Filed claims receivable		7,911			—
FDIC loss sharing asset, end of year	$	95,187		$	116,352

⁽¹⁾

For 2011, includes $7.6 million related to resolution of goodwill matter with the FDIC.