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Other Assets (Tables)
12 Months Ended
Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Other Assets
A summary of other assets as of December 31, 2018 and 2017, is as follows:
(In Thousands)
2018
 
2017
Other assets:
 

 
 

Investment in Low Income Housing Partnerships

$19,243

 

$21,908

Deferred taxes, net
3,246

 
6,260

Taxes receivable
8,188

 
5,331

Bank owned life insurance
6,272

 
5,313

Software
4,888

 
5,270

Accrued interest receivable
4,817

 
4,385

Investment in equity method investments
2,259

 
3,878

Prepaid expenses
1,902

 
1,269

Repossessed assets
1,242

 

Commercial servicing rights
1,030

 

Interest rate lock commitments
978

 
873

Interest rate swaps designated as hedging instruments
607

 
184

Other assets
1,832

 
1,470

Total

$56,504

 

$56,141

Other Commitments
The following table 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, $2.3 million, and $2.9 million in 2018, 2017, and 2016, respectively.  The Company expects to fund its remaining $1.2 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

$8,528


($8,248
)

$280

R4 - Coronado
March 2013
17
10,729

(10,188
)
541

R4 - PJ33
June 2016
17
6,835

(6,442
)
393

WNC
December 2012
16
2,500

(2,500
)

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



$37,592


($36,378
)

$1,214