Note 9 – 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 41 of the Company's 2013 Annual Report on Form 10-K filed with the SEC for a detailed explanation of this asset.

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

($ in thousands)	September 30, 2014		December 31, 2013	September 30, 2013
Receivable related to loss claims incurred, not yet reimbursed	$	5,957	12,649	20,812
Receivable related to estimated future claims on loans		17,932	33,398	38,565
Receivable related to estimated future claims on foreclosed real estate		1,439	2,575	5,569
FDIC indemnification asset	$	25,328	48,622	64,946

The following presents a rollforward of the FDIC indemnification asset since December 31, 2013.

($ in thousands)

Balance at December 31, 2013	$	48,622
Increase related to unfavorable changes in loss estimates		3,734
Increase related to reimbursable expenses		2,644
Cash received from FDIC		(16,810	)
Related to accretion of loan discount		(13,025	)
Other		163
Balance at September 30, 2014	$	25,328