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FDIC LOSS SHARING ASSET (Tables)
 12 Months Ended
Dec. 31, 2013
FDIC LOSS SHARING ASSET  
Schedule of changes in the FDIC loss sharing asset

 

 

 
   Year Ended December 31,  
 
   2013   2012  
 
   (In thousands)
  

FDIC loss sharing asset, beginning of year

   $ 57,475   $ 95,187  

Addition from the FCAL acquisition

     17,241     —  

FDIC share of additional losses, net of recoveries

     4,969     6,169  

Cash received from FDIC

     (7,332 )   (33,223 )

Net amortization

     (26,829 )   (10,658 )
           
​ ​ ​ ​ ​ ​ ​ ​

FDIC loss sharing asset, end of year

   $ 45,524   $ 57,475  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
Schedule of the composition of the FDIC loss sharing asset and true-up liability

 

 

 
   December 31, 2013
 
   Affinity
Bank		   Los Padres
Bank		   Western
Commercial
Bank		   San Luis
Trust
Bank		   Total
 
   (In thousands)

FDIC loss sharing asset

   $9,732   $22,962   $1,709   $11,121   $45,524
                     
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                     

True-up liability

   N/A   N/A   $1,522   $5,125   $6,647
                     
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                     

Non-single family covered assets(1)

   $199,686   $133,201   $16,309   $44,859   $394,055
                     
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                     

Single family covered assets

  

$14,197

  

$74,367

  

N/A

  

$37,997

  

$126,561

                     
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                     

Loss sharing expiration dates:

                    

Non-single family

   3rd Quarter
2014		   3rd Quarter
2015		   4th Quarter
2015		   1st Quarter
2016		    

Single family

  

3rd Quarter 2019

  

3rd Quarter 2020

  

N/A

  

1st Quarter 2021

    

Loss recovery expiration dates:

                    

Non-single family

   3rd Quarter 2017   3rd Quarter 2018   4th Quarter 2018   1st Quarter 2019    

Single family

  

3rd Quarter 2019

  

3rd Quarter 2020

  

N/A

  

1st Quarter 2021

    
(1)
Excludes securities.