FDIC loss share (expense) income (Tables)

9 Months Ended

Sep. 30, 2017

Table Text Block

F D I C Loss Share Expense Income Table [Text Block]

			Quarters ended September 30,				Nine months ended September 30,
(In thousands)			2017		2016		2017		2016
Accretion (amortization)		$	567	$	(1,259)	$	(62)	$	(9,337)
80% mirror accounting on credit impairment losses (reversal)[1]			(329)		659		1,945		(959)
80% mirror accounting on reimbursable expenses			588		853		2,232		7,038
80% mirror accounting on recoveries on covered assets, including
	rental income on OREOs, subject to reimbursement to the FDIC		(1,601)		(522)		2,832		(5,123)
Change in true-up payment obligation			(3,208)		(6,611)		(13,718)		(14,742)
Arbitration award expense			-		(54,924)		-		(54,924)
Other			35		81		(5,909)		602
Total FDIC loss-share expense		$	(3,948)	$	(61,723)	$	(12,680)	$	(77,445)
[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.