FDIC loss share (expense) income

6 Months Ended

Jun. 30, 2018

Disclosure Text Block

FDIC Loss Share (Expense) Income

Note 28 – 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 June 30,				Six months ended June 30,
(In thousands)			2018		2017		2018		2017
Accretion (amortization)		$	-	$	147	$	(934)	$	(629)
80% mirror accounting on credit impairment losses			-		2,126		104		2,274
80% mirror accounting on reimbursable expenses			-		723		537		1,644
80% mirror accounting on recoveries on covered assets, including
	rental income on OREOs, subject to reimbursement to the FDIC		-		(400)		(1,658)		4,433
Change in true-up payment obligation			-		(3,125)		(6,112)		(10,510)
Gain on FDIC loss-share Termination Agreement[1]			102,752		-		102,752		-
Other			-		54		36		(5,944)
Total FDIC loss-share income (expense)		$	102,752	$	(475)	$	94,725	$	(8,732)
[1] Refer to Note 9 for additional information of the Termination Agreement with the FDIC.