Note 8: Acquired Loans, Loss Sharing Agreements and FDIC Indemnification Assets: Schedule of Sun Security Bank FDIC Indemnification Asset (Tables)

3 Months Ended

Sep. 30, 2014

Tables/Schedules

Schedule of Sun Security Bank FDIC Indemnification Asset

	September 30, 2014
		Foreclosed
	Loans	Assets
(In Thousands)
Initial basis for loss sharing determination,
net of activity since acquisition date	$62,722	$2,598
Reclassification from nonaccretable discount to accretable discount
due to change in expected losses (net of accretion to date)	(3,540)	--
Original estimated fair value of assets, net of activity since
acquisition date	(54,394)	(1,521)
Expected loss remaining	4,788	1,077
Assumed loss sharing recovery percentage	66%	80%
Estimated loss sharing value	3,173	862
Indemnification asset to be amortized resulting from
change in expected losses	2,827	--
Accretable discount on FDIC indemnification asset	(363)	(63)
FDIC indemnification asset	$5,637	$799

	December 31, 2013
		Foreclosed
	Loans	Assets
(In Thousands)
Initial basis for loss sharing determination,
net of activity since acquisition date	$78,524	$3,582
Non-credit premium/(discount), net of activity since acquisition date	(105)	--
Reclassification from nonaccretable discount to accretable discount
due to change in expected losses (net of accretion to date)	(5,062)	--
Original estimated fair value of assets, net of activity since
acquisition date	(64,843)	(2,193)
Expected loss remaining	8,514	1,389
Assumed loss sharing recovery percentage	70%	80%
Estimated loss sharing value	5,974	1,111
Indemnification asset to be amortized resulting from
change in expected losses	4,049	--
Accretable discount on FDIC indemnification asset	(680)	(93)
FDIC indemnification asset	$9,343	$1,018