FDIC Indemnification Asset (Tables)

3 Months Ended

Mar. 31, 2013

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

	Three Months Ended March 31,
	2013			2012
Balance at beginning of period	$	21,774		$	28,348
Accretion		54			65
Transfers to FDIC claims receivable		(270	)		-
Change in expected cash flows (1)		(1,335	)		(93	)
Change in FDIC true-up provision		(25	)		(60	)
Balance at end of period	$	20,198		$	28,260

(1)	The decrease during the first three months of 2013 was due to loan pay-offs, improved cash flow projections, and lower loss expectations for covered loans. Amount does not reflect adoption of ASU 2012-06, which was immaterial for the first three months of 2013.