The caption of FDIC loss share (expense) income in the consolidated statements of operations consists of the following major categories:

			Quarters ended September 30,				Nine months ended September 30,
(In thousands)			2014		2013		2014		2013
Amortization of loss share indemnification asset		$	(42,524)	$	(37,681)	$	(163,565)	$	(116,442)
Reversal of accelerated amortization in prior periods			15,046		-		15,046		-
80% mirror accounting on credit impairment losses^[1]			9,863		13,946		35,325		53,329
80% mirror accounting on reimbursable expenses			15,545		25,641		39,375		45,555
80% mirror accounting on recoveries on covered assets, including
	rental income on OREOs, subject to reimbursement to the FDIC		(2,633)		(11,533)		(10,582)		(14,802)
80% mirror accounting on amortization of contingent liability on
	unfunded commitments		-		(87)		-		(473)
Change in true-up payment obligation			1,078		(5,322)		1,040		(12,573)
Other			(1,239)		170		(970)		519
Total FDIC loss share (expense) income		$	(4,864)	$	(14,866)	$	(84,331)	$	(44,887)
[1] Reductions in expected cash flows for ASC 310-30 loans, which may impact the provision for loan losses, may consider reductions in both principal and interest cash flow expectations. The amount covered under the FDIC loss sharing agreements for interest not collected from borrowers is limited under the agreements (approximately 90 days); accordingly, these amounts are not subject fully to the 80% mirror accounting.

As discussed in Note 1, the FDIC indemnity asset amortization for the third quarter of 2014 included a benefit of approximately $15.0 million to reverse the impact of accelerated amortization expense recorded in prior periods. This amount will be recognized as expense over the remaining portion of the Loss Sharing Agreement that expires in the quarter ending June 30, 2015.

During the second quarter of 2014, the Corporation revised its analysis of expected cash flows which resulted in a net decrease of approximately $102.9 million in estimated credit losses, which was driven mainly by commercial loan pools. Though this will have a positive impact on the Corporation's interest accretion in future periods, the carrying value of the indemnification asset was amortized to reflect lower levels of expected losses. This amortization is recognized over the shorter of the remaining life of the loan pools, which had an average life of approximately six years, or the indemnification asset, which expires at June 30, 2015, for commercial, construction and consumer loans and June 30, 2020 for single-family residential mortgage loans.