Covered Loans (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Covered Acquired Impaired Loans

The following table is a roll-forward of covered acquired impaired loans accounted for under ASC 310-30 for the years ended December 31, 2016 and 2015. As a result of the termination of the loss share agreements, the remaining loans that were covered by the loss share arrangements were reclassified to noncovered loans effective June 22, 2016.


(dollars in thousands)	Contractual Cash Flows (1)			Nonaccretable Difference			Accretable Yield			Carrying Amount (2)
2016
Balance at January 1, 2016	$	69,857		$	(4,729	)	$	(17,785	)	$	47,343
Principal reductions and interest payments		(18,195	)		(347	)		—			(18,542	)
Accretion of loan discount		—			—			7,196			7,196
Changes in contractual and expected cash flows due to remeasurement		4,431			631			(4,927	)		135
Removals due to foreclosure or sale		(1,948	)		136			263			(1,549	)
Loans removed from loss share coverage		(54,145	)		4,309			15,253			(34,583	)

Balance at December 31, 2016	$	—		$	—		$	—		$	—

2015
Balance at January 1, 2015	$	124,809		$	(12,014	)	$	(35,742	)	$	77,053
Principal reductions and interest payments		(43,792	)		(1,666	)		—			(45,458	)
Accretion of loan discount		—			—			21,529			21,529
Changes in contractual and expected cash flows due to remeasurement		(4,139	)		8,409			(4,109	)		161
Removals due to foreclosure or sale		(1,316	)		463			(244	)		(1,097	)
Loans removed from loss share coverage		(5,705	)		79			781			(4,845	)

Balance at December 31, 2015	$	69,857		$	(4,729	)	$	(17,785	)	$	47,343

(1)	The balance of contractual cash flows includes future contractual interest and is net of amounts charged off and interest collected on nonaccrual loans.

(2)	Carrying amount for this table is net of allowance for loan losses.

Summary of FDIC Loss Sharing Asset

The following table shows a detailed analysis of the FDIC loss sharing asset for the years ended December 31, 2016 and 2015. As a result of the termination of the loss share agreements on June 22, 2016, the table below reflects the write-off of the remaining FDIC loss sharing asset.


(dollars in thousands)	2016			2015
Balance at January 1,	$	9,030		$	20,603
Adjustments not reflected in income:
Cash received from the FDIC		(10,000	)		(3,548	)
Other		512			1,009
Adjustments reflected in income:
Amortization		(816	)		(10,709	)
Higher (lower) loan loss expectations		(13	)		275
Impairment/(recovery) of value and net (gain)/loss on sales of other real estate		1,062			1,400
Gain as a result of the early termination agreement with the FDIC, effective June 22, 2016		225			—

Balance at December 31,	$	—		$	9,030