Receivable from FDIC for Loss Share Agreements

The following table provides changes in the receivable from the FDIC for the three and nine month periods ended September 30, 2011 and 2010:



	Three Months Ended September 30						Nine Months Ended September 30
	2011			2010			2011			2010
Balance at beginning of period	$	522,507		$	692,242		$	623,261		$	249,842
Additional receivable from acquisitions	159,753			(10,866		)	295,053			468,429
Accretion of discounts and premiums, net	1,554			1,252			2,968			3,638
Receipt of payments from FDIC	(27,872		)	—			(239,800		)	(52,422		)
Post-acquisition and other adjustments, net	(48,035		)	(30,784		)	(73,575		)	(17,643		)
Balance at September 30	$	607,907		$	651,844		$	607,907		$	651,844

The receivable from the FDIC for loss share agreements is measured separately from the related covered assets and is recorded at fair value. The fair value was estimated using projected cash flows related to the loss share agreements based on the expected reimbursements for losses and the applicable loss share percentages.

Post-acquisition adjustments represent the net change in loss estimates related to covered loans and OREO as a result of changes in expected cash flows and the allowance for loan and lease losses related to covered loans. For loans covered by loss share agreements, subsequent decreases in the amount expected to be collected from the borrower or collateral liquidation result in a provision for loan and lease losses, an increase in the allowance for loan and lease losses, and a proportional adjustment to the receivable from the FDIC for the estimated amount to be reimbursed. Subsequent increases in the amount expected to be collected from the borrower or collateral liquidation result in the reversal of any previously recorded provision for loan and lease losses and related allowance for loan and lease losses and adjustments to the receivable from the FDIC, or prospective adjustment to the accretable yield and the related receivable from the FDIC if no provision for loan and lease losses had been recorded previously. Other adjustments include those resulting from unexpected recoveries of amounts previously charged off. Adjustments related to acquisition date fair values, made within one year after the closing date of the respective acquisition, are reflected in the acquisition gain.