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FDIC Indemnification Asset (Tables)
 6 Months Ended
Jun. 30, 2013
Changes in Receivable from FDIC

The following table presents changes in the receivable from the FDIC for the periods indicated:

 

     2013     2012  
(Amounts in thousands)             

Beginning balance, January 1

    $ 48,149      $ —     

FDIC loss share receivable recorded in Waccamaw acquisition

      —          49,155   

Increase in expected losses on loans

      —          —     

Additional losses on OREO

      98        —     

Reimbursable expenses

      491        —     

Amortization due to increase in expected cash flows on covered loans

      (3,201 )      —     

Reimbursements from the FDIC

      (5,148 )      —     
  

 

 

    

 

 

  

Ending balance, June 30

    $ 40,389      $ 49,155