Other Assets

12 Months Ended

Dec. 31, 2022

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

Other Assets

Other Assets

    A summary of other assets as of December 31, 2022 and 2021, is as follows:

(In Thousands)	2022	2021
Other assets:
Investment in Low Income Housing Partnerships	$17,289	$20,640
Interest rate swaps not designated as hedging instruments, at fair value	12,725	6,030
Deferred taxes, net	11,367	3,278
Accrued interest receivable	9,937	6,846
Bank owned life insurance, net	4,345	4,293
Prepaid expenses	2,358	2,210
Commercial servicing rights, at fair value	2,129	1,084
Equity method investments	1,925	2,219
Taxes receivable	1,749	1,994
Software	1,741	2,855
Interest rate lock commitments	440	1,387
Other assets	2,841	1,525
Total	$68,846	$54,361

Low Income Housing Partnerships: 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 $3.4 million, $3.5 million, and $3.5 million in 2022, 2021, and 2020, respectively.  The Company expects to fund its remaining $1.0 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	(10,642)	87
R4 - MVV	May 2014	17	8,528	(8,368)	160
R4 - PJ33	June 2016	17	6,835	(6,547)	288
R4 - Coronado II	July 2019	17	7,302	(7,034)	268
R4 - Duke Apartments	November 2019	17	3,985	(3,755)	230
Total			$42,879	($41,846)	$1,033