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OTHER ASSETS
12 Months Ended
Dec. 31, 2019
OTHER ASSETS  
OTHER ASSETS

10. OTHER ASSETS

Other assets included the following amounts at December 31, 2019 and 2018:

 

 

 

 

 

 

 

 

    

2019

    

2018

 

 

(Dollars in thousands)

Cash surrender value of life insurance

 

$

17,681

 

$

16,961

Amortizable intangible assets (See Note 9)

 

 

1,439

 

 

1,672

Investment in real estate

 

 

2,189

 

 

2,149

Other

 

 

2,365

 

 

2,501

Total other assets

 

$

23,674

 

$

23,283

 

The Company has five life insurance policies on current and former executives. Upon death of the insured executives, the approximate death benefit the Company would receive is $17.7 million in aggregate as of December 31, 2019.

On May 1, 2013, the Company purchased a 50% interest in a building in Montreal, Canada for approximately $3.2 million. The building, which is classified as an investment in real estate in the above table, serves as the Company’s Canadian office and distribution center. The purchase was accounted for as an equity-method investment under ASC 323, Investments – Equity Method and Joint Ventures, and continues to be accounted for under the equity method of accounting.