FDIC LOSS SHARING ASSET (Tables)

9 Months Ended

Sep. 30, 2013

FDIC LOSS SHARING ASSET

Schedule of changes in the FDIC loss sharing asset

	FDIC Loss Sharing Asset
	(In thousands)
Balance, December 31, 2012	$	57,475
Addition from the FCAL acquisition		17,180
FDIC share of additional losses, net of recoveries		6,440
Cash received from FDIC		(6,724	)
Net amortization		(18,718	)
Balance, September 30, 2013	$	55,653

Schedule of the composition of the FDIC loss sharing asset and true-up liability

	September 30, 2013
	Affinity Bank		Los Padres Bank		Western Commercial Bank		San Luis Trust Bank		Total
	(Dollars in thousands)
FDIC loss sharing asset	$	12,973	$	27,717	$	2,153	$	12,810	$	55,653
True-up liability		N/A		N/A	$	1,510	$	5,071	$	6,581
Non-single family covered assets(1)	$	230,053	$	157,504	$	21,844	$	51,879	$	461,280
Single family covered assets	$	14,285	$	77,126	$	—	$	41,319	$	132,730
Loss sharing expiration dates:
Non-single family		3rd Quarter 2014		3rd Quarter 2015		4th Quarter 2015		1st Quarter 2016
Single family		3rd Quarter 2019		3rd Quarter 2020		N/A		1st Quarter 2021
Loss recovery expiration dates:
Non-single family		3rd Quarter 2017		3rd Quarter 2018		4th Quarter 2018		1st Quarter 2019
Single family		3rd Quarter 2019		3rd Quarter 2020		N/A		1st Quarter 2021

(1)

Excludes securities.