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Other Assets (Tables)
12 Months Ended
Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Other Assets
(In Thousands)
2015
 
2014
Other assets:
 

 
 

Investment in Low Income Housing Partnerships

$20,233

 

$22,862

Deferred taxes, net
9,939

 
10,087

Bank owned life insurance
5,887

 
7,375

Investment in equity method investments
4,573

 
4,767

Accrued interest receivable
3,620

 
3,373

Prepaid expenses
1,230

 
2,217

Taxes receivable
878

 
1,220

Rate lock derivative
1,514

 
841

Other assets
3,900

 
5,020

Total

$51,774

 

$57,762

Other Commitments
The table following shows the Company's commitments to invest in various low income housing tax credit partnerships. The Company earns a return on its investments in the form of tax credits and deductions that flow through to it as a limited partner in these partnerships.  The Company recognized amortization expense of $2.7 million, $1.3 million, and $969,000 in 2015, 2014, and 2013, respectively.  The Company expects to fund its remaining $9.1 million in commitments on these investments through 2030.
(In Thousands)
Date of original commitment
Years over which tax credits are earned
Original commitment amount
Less: life to date contributions
Remaining commitment amount
R4 - MVV
May 2014
17

$8,518


($824
)

$7,694

R4 - Coronado
March 2013
17
10,729

(9,722
)
1,007

WNC
December 2012
16
2,500

(2,074
)
426

USA 57
December 2006
15
3,000

(3,000
)

Centerline XXXIII
September 2006
18
3,000

(3,000
)

Centerline XXII
January 2003
18
3,000

(3,000
)

Total



$30,747


($21,620
)

$9,127