FDIC Loss Sharing Asset (Tables)

9 Months Ended

Sep. 30, 2014

FDIC Loss Sharing Asset [Abstract]

FDIC Indemnification Asset Roll Forward

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

	FDIC Loss Sharing Asset
	(In thousands)
Balance, December 31, 2013	$	45,524
FDIC share of additional losses, net of recoveries	(4,654		)
Cash paid to the FDIC	3,363
Net amortization	(21,256		)
Balance, September 30, 2014	$	22,977

Schedule of Composition of Loss Sharing Assets and True Up Liability

The following table presents information about the composition of the FDIC loss sharing asset, the true‑up liability, and the non‑single family and the single family covered assets as of the date indicated:

	September 30, 2014
	Affinity Bank			Los Padres Bank		Western Commercial Bank		San Luis Trust Bank		Total
	(In thousands)
FDIC loss sharing asset	$	(819	)	$	13,283	$	1,432	$	9,081	$	22,977
True‑up liability	N/A			N/A		$	1,574	$	5,350	$	6,924
Non-single family covered assets	$	142,454		$	92,440	$	13,746	$	30,670	$	279,310
Single family covered assets	$	12,536		$	64,131	N/A		$	31,302	$	107,969
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