Other Assets (Tables)

12 Months Ended

Dec. 31, 2020

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Other Assets

A summary of other assets as of December 31, 2020 and 2019, is as follows:

(In Thousands)	2020	2019
Other assets:
Investment in Low Income Housing Partnerships	$24,142	$27,841
Accrued interest receivable	7,979	4,512
Interest rate swaps not designated as hedging instruments	7,387	2,950
Bank owned life insurance, net	6,520	6,393
Taxes receivable	4,083	1,429
Interest rate lock commitments	4,034	810
Software	3,905	4,590
Equity method investments	2,462	2,232
Prepaid expenses	2,404	1,649
Deferred taxes, net	1,980	2,535
Commercial servicing rights	1,310	1,214
Repossessed assets	231	231
Other assets	2,051	1,690
Total	$68,488	$58,076

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 $3.5 million, $2.7 million, and $2.7 million in 2020, 2019, and 2018, respectively.  The Company expects to fund its remaining $9.9 million in commitments on these investments through 2030.

(In Thousands)	Date of original commitment	Years over which tax benefits are earned	Original commitment amount	Less: life to date contributions	Remaining commitment amount
USA 57	December 2006	15	3,000	(3,000)	—
WNC	December 2012	16	2,500	(2,500)	—
R4 - Coronado	March 2013	17	10,729	(10,616)	113
R4 - MVV	May 2014	17	8,528	(8,328)	200
R4 - PJ33	June 2016	17	6,835	(6,512)	323
R4 - Coronado II	July 2019	17	7,282	(1,665)	5,617
R4 - Duke Apartments	November 2019	17	3,985	(372)	3,613
Total			$42,859	($32,993)	$9,866