FDIC Shared-Loss Payable

12 Months Ended

Dec. 31, 2018

FDIC Shared-Loss Receivable [Abstract]

Receivable from FDIC for Loss Share Agreements

FDIC SHARED-LOSS PAYABLE

At December 31, 2018, shared-loss protection remains for single family residential loans acquired in the amount of $55.6 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. As of December 31, 2018 and December 31, 2017, the estimated clawback liability was $105.6 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 years ended December 31, 2018 and December 31, 2017.

(Dollars in thousands)	2018		2017
Beginning balance	$	101,342	$	97,008
Accretion	4,023		3,851
Adjustments related to changes in assumptions	253		483
Ending balance	$	105,618	$	101,342