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Note 4: Acquired Loans, Loss Sharing Agreements and FDIC Indemnification Assets: FDIC Indemnification Asset Roll Forward (Tables)
 12 Months Ended
Dec. 31, 2015
TeamBank  
FDIC Indemnification Asset Roll Forward

 

 

December 31, 2015

 

 

 

Foreclosed

 

Loans

 

Assets

(In Thousands)

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$29,115

 

$--

Reclassification from nonaccretable discount

 

 

 

to accretable discount due to change in

(1,285)

 

--

expected losses (net of accretion to date)

 

 

 

Original estimated fair value of assets, net of

 

 

 

activity since acquisition date

(27,660)

 

--

Expected loss remaining

170

 

--

Assumed loss sharing recovery percentage

90%

 

0 %

Expected loss sharing value

154

 

--

Indemnification asset to be amortized resulting from

 

 

--

change in expected losses

241

 

--

 

 

 

 

FDIC indemnification asset

$395

 

$--

 

 

December 31, 2014

 

 

 

Foreclosed

 

Loans

 

Assets

(In Thousands)

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$43,855

 

$132

Reclassification from nonaccretable discount

 

 

 

to accretable discount due to change in

 

 

 

expected losses (net of accretion to date)

(1,923)

 

--

Original estimated fair value of assets, net of

 

 

 

activity since acquisition date

(41,560)

 

(119)

Expected loss remaining

372

 

13

Assumed loss sharing recovery percentage

85%

 

77%

Expected loss sharing value

315

 

10

Indemnification asset to be amortized resulting from

 

 

 

change in expected losses

359

 

--

 

 

 

 

FDIC indemnification asset

$674

 

$10

 
Vantus Bank  
FDIC Indemnification Asset Roll Forward

 

 

December 31, 2015

 

 

 

Foreclosed

 

Loans

 

Assets

(In Thousands)

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$31,818

 

$608

Reclassification from nonaccretable discount

 

 

 

to accretable discount due to change in

 

 

 

expected losses (net of accretion to date)

(470)

 

--

Original estimated fair value of assets, net of

 

 

 

activity since acquisition date

(31,092)

 

(418)

Expected loss remaining

256

 

190

Assumed loss sharing recovery percentage

61%

 

0%

Expected loss sharing value

156

 

--

Indemnification asset to be amortized resulting from

 

 

 

change in expected losses

319

 

--

 

 

 

 

FDIC indemnification asset

$475

 

$--

 

 

December 31, 2014

 

 

 

Foreclosed

 

Loans

 

Assets

(In Thousands)

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$42,138

 

$1,084

Reclassification from nonaccretable discount

 

 

 

to accretable discount due to change in

 

 

 

expected losses (net of accretion to date)

(504)

 

--

Original estimated fair value of assets, net of

 

 

 

activity since acquisition date

(40,997)

 

(894)

Expected loss remaining

637

 

190

Assumed loss sharing recovery percentage

72%

 

0%

Expected loss sharing value

461

 

--

Indemnification asset to be amortized resulting from

 

 

 

change in expected losses

324

 

--

 

 

 

 

FDIC indemnification asset

$785

 

$--

 
Sun Security Bank  
FDIC Indemnification Asset Roll Forward

 

 

December 31, 2015

 

 

 

Foreclosed

 

Loans

 

Assets

(In Thousands)

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$43,855

 

$557

Reclassification from nonaccretable discount

 

 

 

to accretable discount due to change in

 

 

 

expected losses (net of accretion to date)

(2,171)

 

--

Original estimated fair value of assets, net of

 

 

 

activity since acquisition date

(40,349)

 

(461)

Expected loss remaining

1,335

 

96

Assumed loss sharing recovery percentage

34%

 

80%

Expected loss sharing value

456

 

77

Indemnification asset to be amortized resulting from

 

 

 

change in expected losses

1,725

 

--

Accretable discount on FDIC indemnification asset

(36)

 

(63)

 

 

 

 

FDIC indemnification asset

$2,145

 

$14

 

 

December 31, 2014

 

 

 

Foreclosed

 

Loans

 

Assets

(In Thousands)

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$59,618

 

$2,325

Reclassification from nonaccretable discount

 

 

 

to accretable discount due to change in

 

 

 

expected losses (net of accretion to date)

(3,341)

 

--

Original estimated fair value of assets, net of

 

 

 

activity since acquisition date

(52,166)

 

(1,488)

Expected loss remaining

4,111

 

837

Assumed loss sharing recovery percentage

65%

 

80%

Expected loss sharing value

2,676

 

670

Indemnification asset to be amortized resulting from

 

 

 

change in expected losses

2,662

 

--

Accretable discount on FDIC indemnification asset

(267)

 

(64)

 

 

 

 

FDIC indemnification asset

$5,071

 

$606

 
InterBank  
FDIC Indemnification Asset Roll Forward

 

 

December 31, 2015

 

 

 

Foreclosed

 

Loans

 

Assets

(In Thousands)

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$193,654

 

$2,110

Noncredit premium/(discount), net of

 

 

 

activity since acquisition date

902

 

--

Reclassification from nonaccretable discount

 

 

 

to accretable discount due to change in

 

 

 

expected losses (net of accretion to date)

(4,901)

 

--

Original estimated fair value of assets, net of

 

 

 

activity since acquisition date

(170,308)

 

(1,392)

Expected loss remaining

19,347

 

718

Assumed loss sharing recovery percentage

83%

 

80%

Expected loss sharing value

16,032

 

575

FDIC loss share clawback

2,360

 

--

Indemnification asset to be amortized resulting from

 

 

 

change in expected losses

3,920

 

--

Accretable discount on FDIC indemnification asset

(1,801)

 

(33)

FDIC indemnification asset

$20,511

 

$542

 

 

December 31, 2014

 

 

 

Foreclosed

 

Loans

 

Assets

(In Thousands)

 

 

 

Initial basis for loss sharing determination,

 

 

 

net of activity since acquisition date

$244,977

 

$4,494

Noncredit premium/(discount), net of

 

 

 

activity since acquisition date

1,361

 

--

Reclassification from nonaccretable discount

 

 

 

to accretable discount due to change in

 

 

 

expected losses (net of accretion to date)

(19,566)

 

--

Original estimated fair value of assets, net of

 

 

 

activity since acquisition date

(201,830)

 

(3,986)

Expected loss remaining

24,942

 

508

Assumed loss sharing recovery percentage

82%

 

80%

Expected loss sharing value

20,509

 

406

FDIC loss share clawback

3,620

 

--

Indemnification asset to be amortized resulting from

 

 

 

change in expected losses

15,652

 

--

Accretable discount on FDIC indemnification asset

(2,967)

 

(33)

FDIC indemnification asset

$36,814

 

$373

 
Valley Bank  
FDIC Indemnification Asset Roll Forward

 

 

December 31, 2015

 

 

 

Foreclosed

 

Loans

 

Assets

(In Thousands)

 

 

 

Initial basis, net of activity

 

 

 

since acquisition date

$109,791

 

$1,017

Noncredit premium/(discount), net of

 

 

 

activity since acquisition date

719

 

--

Reclassification from nonaccretable discount

 

 

 

to accretable discount due to change in

 

 

 

expected losses (net of accretion to date)

(3,213)

 

--

Original estimated fair value of assets, net of

 

 

 

activity since acquisition date

(93,436)

 

(995)

Expected loss remaining

$13,861

 

$22

 

 

December 31, 2014

 

 

 

Foreclosed

 

Loans

 

Assets

(In Thousands)

 

 

 

Initial basis, net of activity

 

 

 

since acquisition date

$145,845

 

$778

Noncredit premium/(discount), net of

 

 

 

activity since acquisition date

1,514

 

--

Reclassification from nonaccretable discount

 

 

 

to accretable discount due to change in

 

 

 

expected losses (net of accretion to date)

(1,519)

 

--

Original estimated fair value of assets, net of

 

 

 

activity since acquisition date

(121,982)

 

(778)

Expected loss remaining

$23,858

 

$--