FDIC Indemnification Asset

3 Months Ended

Mar. 31, 2013

Fdic Indemnification Asset

FDIC Indemnification Asset

Note 10 – FDIC Indemnification Asset

The FDIC indemnification asset is the estimated amount that the Company will receive from the FDIC under loss share agreements associated with two FDIC-assisted failed bank acquisitions. See page 40 of the Company’s 2012 Annual Report on Form 10-K for a detailed explanation of this asset.

The FDIC indemnification asset was comprised of the following components as of the dates shown:

($ in thousands)	March 31, 2013		December 31, 2012		March 31, 2012
Receivable related to loss claims incurred, not yet reimbursed	$	41,701		33,040		8,828
Receivable related to estimated future claims on loans		53,054		62,044		85,859
Receivable related to estimated future claims on foreclosed real estate		5,839		7,475		18,718
FDIC indemnification asset	$	100,594		102,559		113,405

The following presents a rollforward of the FDIC indemnification asset since December 31, 2012.

($ in thousands)
Balance at December 31, 2012	$	102,559
Increase related to unfavorable changes in loss estimates		7,570
Increase related to reimbursable expenses		1,287
Cash received		(6,899	)
Accretion of loan discount		(2,926	)
Other		(997	)
Balance at March 31, 2013	$	100,594