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Loss Sharing Agreements and FDIC Indemnification Assets: Preliminary Estimate of Contractually Required Payments Receivable for FASB-ASC 310-30 Loans (Policies)
3 Months Ended
Jun. 30, 2012
Preliminary Estimate of Contractually Required Payments Receivable for FASB-ASC 310-30 Loans:  
Preliminary Estimate of Contractually Required Payments Receivable for FASB-ASC 310-30 Loans

On the acquisition date, the preliminary estimate of the contractually required payments receivable for all FASB ASC 310-30 loans acquired was $19.3 million, the cash flows expected to be collected were $4.8 million including interest, and the estimated fair value of the loans was $4.4 million.  These amounts were determined based upon the estimated remaining life of the underlying loans, which include the effects of estimated prepayments.  At April 27, 2012, a majority of these loans were valued based on the liquidation value of the underlying collateral, because the expected cash flows were primarily based on the liquidation of underlying collateral and the timing and amount of the cash flows could not be reasonably estimated.  Because of the short time period between the closing of the transaction and June 30, 2012, certain amounts related to the FASB ASC 310-30 loans are preliminary estimates.  The Company has not yet finalized its analysis of these loans and, therefore, adjustments to the estimated recorded carrying values may occur.