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FDIC LOSS SHARING ASSET (Tables)
3 Months Ended
Mar. 31, 2014
FDIC LOSS SHARING ASSET  
Schedule of changes in the FDIC loss sharing asset

  FDIC
Loss Sharing
Asset
 
 
  (In thousands)
 

Balance, December 31, 2013

  $ 45,524  

FDIC share of recoveries, net of losses

    (2,601 )

Cash received from FDIC

    (383 )

Net amortization

    (7,912 )
       

Balance, March 31, 2014

  $ 34,628  
       
       
Schedule of the composition of the FDIC loss sharing asset and true-up liability
 
  March 31, 2014  
 
  Affinity Bank   Los Padres Bank   Western
Commercial Bank
  San Luis
Trust Bank
  Total  
 
  (In thousands)
 

FDIC loss sharing asset

  $ 4,868   $ 17,827   $ 1,783   $ 10,150   $ 34,628  
                       
                       

True-up liability

    N/A     N/A   $ 1,539   $ 5,196   $ 6,735  
                       
                       

Non-single family covered assets(1)

  $ 167,456   $ 115,460   $ 16,007   $ 41,297   $ 340,220  
                       
                       

Single family covered assets

  $ 14,277   $ 72,887     N/A   $ 33,607   $ 120,771  
                       
                       

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.