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FDIC Shared-Loss Payable
 12 Months Ended
Dec. 31, 2020
FDIC Shared-Loss Receivable [Abstract]  
Receivable from FDIC for Loss Share Agreements
FDIC SHARED-LOSS PAYABLE
At December 31, 2020, shared-loss protection remains for single family residential loans acquired in the amount of $34.5 million. The shared-loss agreements for two FDIC-assisted transactions include provisions related to payments owed to the FDIC at the termination of the agreements if actual cumulative losses on covered assets are lower than originally estimated by the FDIC at the time of acquisition (“clawback liability”). As of December 31, 2020 and 2019, the estimated clawback liability was $15.6 million and $112.4 million, respectively, as a result of a payment to the FDIC in the first quarter of 2020 for $99.5 million related to one of the transactions. We expect to make a clawback liability payment to the FDIC in March 2021 in the amount of $15.9 million.
The following table provides changes in the FDIC shared-loss payable for the years ended December 31, 2020 and 2019.
(Dollars in thousands)20202019
Beginning balance$112,395 $105,618 
Accretion2,674 6,777 
Payment made to the FDIC to settle shared-loss agreement(99,468)— 
Ending balance$15,601 $112,395