Business Combinations (Tables)

9 Months Ended

Sep. 30, 2013

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

Since January 1, 2012, the Company has acquired the banking operations, including the acquisition of certain assets and the assumption of liabilities, of three financial institutions in FDIC-assisted transactions. The following table presents details related to these three transactions:



(Dollars in thousands)	Charter National		Second Federal		First United Bank
Date of acquisition	February 10, 2012		July 20, 2012		September 28, 2012
Fair value of assets acquired, at the acquisition date	$	92,355	$	171,625	$	328,408
Fair value of loans acquired, at the acquisition date	45,555		—		77,964
Fair value of liabilities assumed, at the acquisition date	91,570		171,582		321,734
Fair value of reimbursable losses, at the acquisition date⁽¹⁾	13,164		—		67,190
Gain on bargain purchase recognized	785		43		6,675

(1) As no assets subject to loss sharing agreements were acquired in the acquisition of Second Federal, there was no fair value of reimbursable losses.

FDIC Indemnification Asset Roll Forward

The following table summarizes the activity in the Company’s FDIC indemnification asset during the periods indicated:



	Three Months Ended						Nine Months Ended
(Dollars in thousands)	September 30, 2013			September 30, 2012			September 30, 2013			September 30, 2012
Balance at beginning of period	$	137,681		$	222,568		$	208,160		$	344,251
Additions from acquisitions	—			65,100			—			78,264
Additions from reimbursable expenses	3,062			5,669			10,922			18,646
Amortization	(1,763		)	(1,139		)	(5,884		)	(3,919		)
Changes in expected reimbursements from the FDIC for changes in expected credit losses	(12,742		)	(16,579		)	(65,477		)	(46,343		)
Payments received from the FDIC	(25,925		)	(37,314		)	(47,408		)	(152,594		)
Balance at end of period	$	100,313		$	238,305		$	100,313		$	238,305