FDIC loss share income (expense)

12 Months Ended

Dec. 31, 2018

Disclosure Text Block

FDIC Loss Share (Expense) Income

Note 35 – FDIC loss share income (expense)

The caption of FDIC loss-share income (expense) in the Consolidated Statements of Operations consists of the following major categories:

			Years ended December 31,
(In thousands)			2018		2017		2016
Amortization		$	(934)	$	(469)	$	(10,201)
80% mirror accounting on credit impairment losses			104		3,136		(239)
80% mirror accounting on reimbursable expenses			537		2,454		8,433
80% mirror accounting on recoveries on covered assets, including rental income
	on OREOs, subject to reimbursement to the FDIC		(1,658)		2,405		(31,338)
Change in true-up payment obligation			(6,112)		(11,700)		(33,413)
Arbitration decision charge			-		-		(136,197)
Gain on FDIC loss-share Termination Agreement[1]			102,752		-		-
Other			36		(5,892)		(4,824)
Total FDIC loss share income (expense)		$	94,725	$	(10,066)	$	(207,779)
[1] Refer to Note 10 for additional information of the Termination Agreement with the FDIC.