FDIC loss share (expense) income

9 Months Ended

Sep. 30, 2018

Disclosure Text Block

FDIC Loss Share (Expense) Income

Note 29 – FDIC loss share (expense) income

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)			2018		2017		2018		2017
Accretion (amortization)		$	-	$	567	$	(934)	$	(62)
80% mirror accounting on credit impairment losses (reversal)			-		(329)		104		1,945
80% mirror accounting on reimbursable expenses			-		588		537		2,232
80% mirror accounting on recoveries on covered assets, including
	rental income on OREOs, subject to reimbursement to the FDIC		-		(1,601)		(1,658)		2,832
Change in true-up payment obligation			-		(3,208)		(6,112)		(13,718)
Gain on FDIC loss-share Termination Agreement[1]			-		-		102,752		-
Other			-		35		36		(5,909)
Total FDIC loss-share (expense) income		$	-	$	(3,948)	$	94,725	$	(12,680)
[1] Refer to Note 10 for additional information of the Termination Agreement with the FDIC.