FDIC Indemnification Asset (Tables)

9 Months Ended

Sep. 30, 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		187
Transfers to FDIC claims receivable		(1,271	)
Change in expected cash flows (1)		(2,925	)
Change in FDIC true-up provision		(360	)
Balance at September 30, 2012	$	23,979

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