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FDIC loss share (expense) income
9 Months Ended
Sep. 30, 2015
Notes to Financial Statements [Abstract]  
FDIC loss share (expense) income

Note 33 – FDIC loss share income (expense)

The caption of FDIC loss-share income (expense) in the consolidated statements of operations consists of the following major categories:

Quarters ended September 30,Nine months ended September 30,
(In thousands)2015201420152014
Amortization of loss-share indemnification asset$(3,931)$(42,524)$(62,312)$(163,565)
Reversal of accelerated amortization in prior periods-15,046-15,046
80% mirror accounting on credit impairment losses (reversal)[1](183)9,86315,71035,325
80% mirror accounting on reimbursable expenses6,27615,54570,55139,375
80% mirror accounting on recoveries on covered assets, including
rental income on OREOs, subject to reimbursement to the FDIC-(2,633)(7,822)(10,582)
Change in true-up payment obligation(1,058)1,0786,7781,040
Other103(1,239)1,516(970)
Total FDIC loss-share income (expense)$1,207$(4,864)$24,421$(84,331)
[1] Reductions in expected cash flows for ASC 310-30 loans, which may impact the provision for loan losses, may consider reductions in both principal and interest cash flow expectations. The amount covered under the FDIC loss-sharing agreements for interest not collected from borrowers is limited under the agreements (approximately 90 days); accordingly, these amounts are not subject fully to the 80% mirror accounting.

The negative amortization of the FDIC’s Indemnification Asset for the nine months ended September 30, 2015 includes a $10.9 million expense related to losses incurred by the corporation that were not claimed to the FDIC before the expiration of the loss-share portion of the agreement on June 30, 2015, and that are not subject to the ongoing arbitrations.