Other Assets (Tables)

12 Months Ended

Dec. 31, 2021

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

Schedule of Other Assets

A summary of other assets as of December 31, 2021 and 2020, is as follows:

(In Thousands)	2021	2020
Other assets:
Investment in Low Income Housing Partnerships	$20,640	$24,142
Accrued interest receivable	6,846	7,979
Interest rate swaps not designated as hedging instruments, at fair value	6,030	7,387
Bank owned life insurance, net	4,293	6,520
Taxes receivable	1,994	4,083
Interest rate lock commitments	1,387	4,034
Software	2,855	3,905
Equity method investments	2,219	2,462
Prepaid expenses	2,210	2,404
Deferred taxes, net	3,278	1,980
Commercial servicing rights, at fair value	1,084	1,310
Repossessed assets	—	231
Other assets	1,525	2,051
Total	$54,361	$68,488

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, $3.5 million, and $2.7 million in 2021, 2020, and 2019, respectively.  The Company expects to fund its remaining $4.4 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	(10,629)	100
R4 - MVV	May 2014	17	8,528	(8,348)	180
R4 - PJ33	June 2016	17	6,835	(6,529)	306
R4 - Coronado II	July 2019	17	7,282	(7,022)	260
R4 - Duke Apartments	November 2019	17	3,985	(384)	3,601
Total			$42,859	($38,412)	$4,447