FDIC Indemnification Asset (Tables)

3 Months Ended

Mar. 31, 2012

The following table presents changes in the FDIC indemnification asset for the periods presented ($ in thousands):

Balance at January 1, 2011	$	-
Additions from acquisition		33,333
Accretion		185
Loss-share payments received from FDIC		(986	)
Change in expected cash flows (1)		(4,157	)
Change in FDIC true-up provision		(27	)
Balance at December 31, 2011	$	28,348
Accretion		65
Transfers to FDIC claims receivable		-
Change in expected cash flows		(93	)
Change in FDIC true-up provision		(60	)
Balance at March 31, 2012	$	28,260

(1)	The decrease was due to loan pay-offs, improved cash flow projections, and lower loss expectations for covered loans.