Note 4: Acquired Loans, Loss Sharing Agreements and FDIC Indemnification Assets: Vantus Bank FDIC Indemnification Asset Policy (Policies)

12 Months Ended

Dec. 31, 2014

Policies

Vantus Bank FDIC Indemnification Asset Policy

The following tables present the balances of the loans, discount and FDIC indemnification asset related to the Vantus Bank transaction at December 31, 2014 and 2013.  Gross loan balances (due from the borrower) were reduced approximately $289.4 million since the transaction date because of $243.5 million of repayments by the borrower, $16.5 million of transfers to foreclosed assets and $29.4 million of charge-downs to customer loan balances.  Based upon the collectability analyses performed during the acquisition, we expected certain levels of foreclosures and charge-offs and actual results have been better than our expectations.  As a result, cash flows expected to be received from the acquired loan pools have increased, resulting in adjustments that were made to the related accretable yield as described above.