FDIC Shared-Loss Payable

12 Months Ended

Dec. 31, 2019

FDIC Shared-Loss Receivable [Abstract]

Receivable from FDIC for Loss Share Agreements

FDIC SHARED-LOSS PAYABLE

At December 31, 2019, shared-loss protection remains for single family residential loans acquired in the amount of $44.8 million. The shared-loss agreements for two FDIC-assisted transactions include provisions related to payments owed to the FDIC at the termination of the agreements if actual cumulative losses on covered assets are lower than originally estimated by the FDIC at the time of acquisition (“clawback liability”). As of December 31, 2019 and 2018, the estimated clawback liability was $112.4 million and $105.6 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, 2019 and 2018.

(Dollars in thousands)	2019		2018
Beginning balance	$	105,618	$	101,342
Accretion	6,777		4,023
Adjustments related to changes in assumptions	—		253
Ending balance	$	112,395	$	105,618