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Acquired and Covered Loans
 6 Months Ended
Jun. 30, 2016
Acquired Loans [Abstract]  
Acquired and Covered Loans
ACQUIRED AND COVERED LOANS
The significant accounting policies related to acquired and covered loans, which are classified as PCI and Non-PCI, are presented in Note 1, "Summary of Significant Accounting Policies."
The following table presents acquired and covered PCI and Non-PCI loans as of June 30, 2016 and December 31, 2015.
Acquired and Covered Loans
(Dollar amounts in thousands)
 
 
As of June 30, 2016
 
As of December 31, 2015
 
 
PCI
 
Non-PCI
 
Total
 
PCI
 
Non-PCI
 
Total
Acquired loans
 
$
69,404

 
$
782,181

 
$
851,585

 
$
50,286

 
$
534,506

 
$
584,792

Covered loans
 
9,154

 
18,026

 
27,180

 
9,919

 
20,856

 
30,775

Total acquired and covered loans
 
$
78,558

 
$
800,207

 
$
878,765

 
$
60,205

 
$
555,362

 
$
615,567


Acquired Non-PCI loans that are renewed are no longer classified as acquired loans. These loans totaled $98.3 million and $61.6 million as of June 30, 2016 and December 31, 2015, respectively.
In connection with the FDIC Agreements, the Company recorded an indemnification asset. To maintain eligibility for the loss share reimbursement, the Company is required to follow certain servicing procedures as specified in the FDIC Agreements. The Company was in compliance with those requirements as of June 30, 2016 and December 31, 2015.
Rollforwards of the carrying value of the FDIC indemnification asset for the quarters and six months ended June 30, 2016 and 2015 are presented in the following table.
Changes in the FDIC Indemnification Asset
(Dollar amounts in thousands)
 
 
Quarters Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
 
2016
 
2015
 
2016
 
2015
Beginning balance
 
$
5,680

 
$
8,540

 
$
3,903

 
$
8,452

Amortization
 
(302
)
 
(395
)
 
(582
)
 
(853
)
Change in expected reimbursements from the FDIC for
  changes in expected credit losses
 
(475
)
 
786

 
(259
)
 
1,720

Net payments to (from) the FDIC
 
268

 
(1,596
)
 
2,109

 
(1,984
)
Ending balance
 
$
5,171

 
$
7,335

 
$
5,171

 
$
7,335


Changes in the accretable yield for acquired and covered PCI loans were as follows.
Changes in Accretable Yield
(Dollar amounts in thousands)
 
 
Quarters Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
 
2016
 
2015
 
2016
 
2015
Beginning balances
 
$
27,258

 
$
26,420

 
$
24,912

 
$
28,244

Additions
 
—

 
—

 
3,981

 
—

Accretion
 
(2,303
)
 
(4,335
)
 
(3,849
)
 
(6,998
)
Other (1)
 
127

 
(1,427
)
 
38

 
(588
)
Ending balance
 
$
25,082

 
$
20,658

 
$
25,082

 
$
20,658

(1) 
Increases represent a rise in the expected future cash flows to be collected over the remaining estimated life of the underlying portfolio while decreases result from the resolution of certain loans occurring earlier than anticipated.