Other assets

3 Months Ended

Mar. 31, 2023

Other assets

Other assets

6. Other assets:

The components of other assets at March 31, 2023 and December 31, 2022 are summarized as follows:

Restricted equity securities declined $4.7 million from December 31, 2022 due to lower FHLB stock requirement resulting from a decrease in borrowings. Interest rate swaps balance represents the fair value of our commercial loan back-to-back swaps and is lower due to a decline in market rates from December 31, 2022.

(Dollars in thousands)		March 31, 2023		December 31, 2022
Other real estate owned	$	121	$	121
Investment in low income housing partnership		5,325		5,446
Mortgage servicing rights		906		914
Restricted equity securities (FHLB and other)		4,887		9,630
Interest rate floor		1		1
Interest rate swaps		18,485		21,794
Other assets		11,354		8,165
Total	$	41,079	$	46,071