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FDIC Shared-Loss Receivable
 9 Months Ended
Sep. 30, 2018
FDIC Shared-Loss Receivable [Abstract]  
FDIC Shared-Loss Receivable
FDIC SHARED-LOSS PAYABLE
 
 
 
 
 
 
 
 

As of September 30, 2018, shared-loss protection remains for single family residential loans acquired in the amount of $58.9 million. The shared-loss agreements for two FDIC-assisted transactions include provisions related to payments that may be owed to the FDIC at the termination of the agreements (clawback liability). The clawback liability represents a payment by BancShares to the FDIC if actual cumulative losses on acquired covered assets are lower than the cumulative losses originally estimated by the FDIC at the time of acquisition and is recorded in the Consolidated Balance Sheets as a payable to the FDIC under the relevant shared-loss agreements. As of September 30, 2018 and December 31, 2017, the estimated clawback liability was $104.6 million and $101.3 million, respectively. The clawback liability payment dates are March 2020 and March 2021.

The following table provides changes in the FDIC shared-loss payable for the three and nine months ended September 30, 2018 and September 30, 2017.
 
Three months ended September 30
 
Nine months ended September 30
(Dollars in thousands)
2018
 
2017
 
2018
 
2017
Beginning balance
$
103,487

 
$
99,126

 
$
101,342

 
$
97,008

Amortization
1,009

 
973

 
3,002

 
2,890

Adjustments related to changes in assumptions
80

 
104

 
232

 
305

Ending balance
$
104,576

 
$
100,203

 
$
104,576

 
$
100,203