FDIC loss share (expense) income (Tables)

9 Months Ended

Sep. 30, 2014

F D I C Loss Share Expense Income Table [Text Block]

			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.