The tax effects of temporary differences that give rise to deferred tax assets and liabilities are as follows (in thousands):



	Successor
	December 31, 2012		December 31, 2011
Deferred tax assets:
Purchase accounting adjustment – fair value	$	30,267	$	97,384
Basis difference in loan portfolio	110,669
Income tax benefits from uncertain tax positions	40,167		37,882
Net operating loss carryforward – Canada	21,146		4,609
Net operating loss carryforward – states	2,389		1,676
Borrowing costs	10,178		9,502
Purchase accounting premium – payables	4,569		16,468
Other	35,483		15,053
Total deferred tax assets before valuation allowance	254,868		182,574
Less: valuation allowance			(1,222		)
Total net deferred tax assets	254,868		181,352
Deferred tax liabilities:
Depreciable assets	71,043		10,689
Fee income	31,099		28,883
Capitalized direct loan origination costs	16,566		9,668
Intangible assets	12,559		6,938
Deferred gain on debt repurchase	7,791		9,303
Basis difference in loan portfolio			3,045
Other	8,735		4,142
Total deferred tax liabilities	147,793		72,668
Net deferred tax asset	$	107,075	$	108,684