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ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2017
Banking and Thrift [Abstract]  
Schedule of Acquisition Details
From October 2009 through July 2012, the Company has participated in ten FDIC-assisted acquisitions (the “acquisitions”) whereby the Company purchased certain failed institutions out of the FDIC’s receivership. These institutions include:
Bank Acquired
 
Location
 
Branches
 
Date Acquired
American United Bank (“AUB”)
 
Lawrenceville, Ga.
 
1
 
October 23, 2009
United Security Bank (“USB”)
 
Sparta, Ga.
 
2
 
November 6, 2009
Satilla Community Bank (“SCB”)
 
St. Marys, Ga.
 
1
 
May 14, 2010
First Bank of Jacksonville (“FBJ”)
 
Jacksonville, Fl.
 
2
 
October 22, 2010
Tifton Banking Company (“TBC”)
 
Tifton, Ga.
 
1
 
November 12, 2010
Darby Bank & Trust (“DBT”)
 
Vidalia, Ga.
 
7
 
November 12, 2010
High Trust Bank (“HTB”)
 
Stockbridge, Ga.
 
2
 
July 15, 2011
One Georgia Bank (“OGB”)
 
Midtown Atlanta, Ga.
 
1
 
July 15, 2011
Central Bank of Georgia (“CBG”)
 
Ellaville, Ga.
 
5
 
February 24, 2012
Montgomery Bank & Trust (“MBT”)
 
Ailey, Ga.
 
2
 
July 6, 2012
Components of Covered Assets
The following table summarizes components of all covered assets at December 31, 2017 and 2016 and their origin. The FDIC loss-share receivable is shown net of the clawback liability.
(dollars in thousands)
 
Covered Loans
 
Less Fair Value Adjustments
 
Total Covered Loans
 
OREO
 
Less Fair Value Adjustments
 
Total Covered OREO
 
Total Covered Assets
 
FDIC Loss-Share Receivable (Payable)
December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
AUB
 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
(7
)
USB
 
2,626

 
11

 
2,615

 
—

 
—

 
—

 
2,615

 
(1,767
)
SCB
 
2,237

 
24

 
2,213

 
—

 
—

 
—

 
2,213

 
(229
)
FBJ
 
3,634

 
375

 
3,259

 
—

 
—

 
—

 
3,259

 
(330
)
DBT
 
8,995

 
287

 
8,708

 
81

 
—

 
81

 
8,789

 
(4,651
)
TBC
 
1,498

 
—

 
1,498

 
—

 
—

 
—

 
1,498

 
(10
)
HTB
 
1,844

 
27

 
1,817

 
—

 
—

 
—

 
1,817

 
28

OGB
 
920

 
30

 
890

 
—

 
—

 
—

 
890

 
(1,061
)
CBG
 
9,767

 
614

 
9,153

 
106

 
—

 
106

 
9,259

 
(776
)
Total
 
$
31,521

 
$
1,368

 
$
30,153

 
$
187

 
$
—

 
$
187

 
$
30,340

 
$
(8,803
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
AUB
 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
(27
)
USB
 
3,199

 
13

 
3,186

 
51

 
—

 
51

 
3,237

 
(1,642
)
SCB
 
4,019

 
51

 
3,968

 
—

 
—

 
—

 
3,968

 
(32
)
FBJ
 
3,767

 
452

 
3,315

 
—

 
—

 
—

 
3,315

 
(234
)
DBT
 
12,166

 
565

 
11,601

 
—

 
—

 
—

 
11,601

 
(4,591
)
TBC
 
1,679

 
—

 
1,679

 
—

 
—

 
—

 
1,679

 
(33
)
HTB
 
1,913

 
33

 
1,880

 
—

 
—

 
—

 
1,880

 
734

OGB
 
1,077

 
32

 
1,045

 
—

 
—

 
—

 
1,045

 
(993
)
CBG
 
33,449

 
1,963

 
31,486

 
1,161

 
4

 
1,157

 
32,643

 
505

Total
 
$
61,269

 
$
3,109

 
$
58,160

 
$
1,212

 
$
4

 
$
1,208

 
$
59,368

 
$
(6,313
)
Changes in FDIC Shared-Loss Receivable
Changes in the FDIC loss-share receivable (payable) are as follows:
 
For the Years Ended
December 31,
(dollars in thousands)
2017
 
2016
Balance, January 1
$
(6,313
)
 
$
6,301

Payments to (received from) FDIC
515

 
(816
)
Accretion, net
(864
)
 
(3,913
)
Change in clawback liability
(674
)
 
(1,056
)
Change in receivable due to:
 
 
 
Net recoveries on covered loans
(1,563
)
 
(4,804
)
Loss (gain) on covered other real estate owned including writedowns
(86
)
 
233

Reimbursable expenses on covered assets
488

 
749

Other activity, net
(306
)
 
(3,007
)
Ending balance
$
(8,803
)
 
$
(6,313
)