ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Tables)

3 Months Ended

Mar. 31, 2016

Components of Covered Assets

The following table summarizes components of all covered assets at March 31, 2016, December 31, 2015 and March 31, 2015 and their origin:

	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)
As of March 31, 2016:
AUB	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	261
USB		3,561		(14)		3,547		-		-		-		3,547		(1,590)
SCB		5,187		(87)		5,100		-		-		-		5,100		138
FBJ		4,498		(541)		3,957		68		-		68		4,025		(20)
DBT		15,147		(1,000)		14,147		-		-		-		14,147		(3,451)
TBC		2,027		(10)		2,017		-		-		-		2,017		94
HTB		43,996		(3,750)		40,246		1,451		(328)		1,123		41,369		3,079
OGB		22,512		(1,249)		21,263		136		-		136		21,399		556
CBG		42,895		(2,893)		40,002		2,602		(165)		2,437		42,439		2,130
Total	$	139,823	$	(9,544)	$	130,279	$	4,257	$	(493)	$	3,764	$	134,043	$	1,197

 

	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)
As of December 31, 2015:
AUB	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	111
USB		3,639		16		3,623		165		-		165		3,788		(1,424)
SCB		5,228		124		5,104		-		-		-		5,104		149
FBJ		4,782		562		4,220		41		-		41		4,261		252
DBT		15,934		1,131		14,803		-		-		-		14,803		(1,084)
TBC		2,159		11		2,148		-		-		-		2,148		1,446
HTB		44,405		3,881		40,524		2,433		643		1,790		42,314		3,875
OGB		27,561		1,900		25,661		160		-		160		25,821		913
CBG		44,865		3,419		41,446		3,139		284		2,855		44,301		2,063
Total	$	148,573	$	11,044	$	137,529	$	5,938	$	927	$	5,011	$	142,540	$	6,301

	Covered loans		Less: Fair value adjustments		Total covered loans		OREO		Less: Fair value adjustments		Total covered OREO		Total covered assets		FDIC loss-share receivable
As of March 31, 2015:
AUB	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	248
USB		4,031		19		4,012		165		-		165		4,177		(1,216)
SCB		23,803		512		23,291		2,474		389		2,085		25,376		2,093
FBJ		19,409		1,539		17,870		427		56		371		18,241		1,366
DBT		53,832		4,740		49,092		5,716		381		5,335		54,427		3,576
TBC		21,068		570		20,498		1,698		162		1,536		22,034		1,545
HTB		48,384		4,331		44,053		2,885		938		1,947		46,000		7,069
OGB		38,699		2,409		36,290		1,435		39		1,396		37,686		2,748
CBG		56,262		5,623		50,639		3,731		477		3,254		53,893		5,883
Total	$	265,488	$	19,743	$	245,745	$	18,531	$	2,442	$	16,089	$	261,834	$	23,312

Rollforward of Acquired Covered Loans

A rollforward of acquired covered loans for the three months ended March 31, 2016, the year ended December 31, 2015 and the three months ended March 31, 2015 is shown below:

(Dollars in Thousands)	March 31, 2016		December 31, 2015		March 31, 2015
Balance, January 1	$	137,529	$	271,279	$	271,279
Charge-offs		(361)		(5,558)		(2,812)
Accretion		1,487		9,658		4,466
Transfer to covered other real estate owned		(158)		(7,910)		(1,230)
Transfer to purchased, non-covered loans due to loss-share expiration		-		(50,568)		-
Payments received		(8,218)		(79,372)		(25,958)
Ending balance	$	130,279	$	137,529	$	245,745

Schedule Of Changes In Accretable Discounts Of Acquired Loans

The following is a summary of changes in the accretable discounts of acquired loans during the three months ended March 31, 2016, the year ended December 31, 2015 and the three months ended March 31, 2015:

(Dollars in Thousands)	March 31, 2016		December 31, 2015		March 31, 2015
Balance, January 1	$	9,063	$	15,578	$	15,578
Accretion		(1,487)		(9,658)		(4,466)
Transfer to purchased, non-covered loans due to loss-share expiration		-		(1,665)		-
Transfers between non-accretable and accretable discounts, net		366		4,808		1,853
Ending balance	$	7,942	$	9,063	$	12,965

Changes in FDIC Shared-Loss Receivable

Changes in the FDIC shared-loss receivable for the three months ended March 31, 2016, for the year ended December 31, 2015 and for the three months ended March 31, 2015 are as follows:

(Dollars in Thousands)	March 31, 2016		December 31, 2015		March 31, 2015
Beginning balance, January 1	$	6,301	$	31,351	$	31,351
Payments received from FDIC		(3,299)		(19,273)		(6,390)
Amortization, net		(1,545)		(8,878)		(3,666)
Change in clawback liability		(91)		(2,008)		(569)
Increase in receivable due to:
Charge-offs on covered loans		(673)		416		1,602
Write downs of covered other real estate		581		4,752		804
Reimbursable expenses on covered assets		244		2,582		651
Other activity, net		(321)		(2,641)		(471)
Ending balance	$	1,197	$	6,301	$	23,312