FDIC Shared-Loss Payable

3 Months Ended

Mar. 31, 2021

FDIC Shared-Loss Receivable [Abstract]

FDIC Shared-Loss Receivable

FDIC SHARED-LOSS PAYABLE

For certain FDIC-assisted transactions, the shared-loss agreement included a provision related to a payment owed to the FDIC at the termination of the agreement. As of March 31, 2021, these agreements have been satisfied following a $16.1 million payment made to the FDIC related to the final active agreement.

The following table provides changes in the FDIC shared-loss payable since December 31, 2020:

(Dollars in thousands)	Total
Balance at December 31, 2020	$	15,601
Accretion	502
Payment made to the FDIC to settle shared-loss agreement	(16,103)
Balance at March 31, 2021	$	—