XML 68 R52.htm IDEA: XBRL DOCUMENT v3.25.4
Other Assets (Tables)
12 Months Ended
Dec. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Other Assets A summary of other assets as of December 31, 2025 and 2024, is as follows:
(In Thousands)20252024
Other assets:  
Investment in Low Income Housing Partnerships$34,078 $24,266 
Accrued interest receivable12,542 11,502 
Interest rate swaps not designated as hedging instruments, at fair value7,999 13,011 
Due from sale of Pacific Wealth Advisors6,339 — 
Bank owned life insurance, net4,050 3,926 
Assets held for deferred compensation plans3,266 — 
Prepaid expenses2,608 2,644 
Commercial servicing rights, at fair value2,342 2,194 
Taxes receivable1,751 1,984 
Interest rate lock commitments923 465 
Deferred taxes, net675 2,177 
Software535 744 
Due from Federal Home Loan Bank of Des Moines— 14,600 
Equity method investments— 1,159 
Other assets7,064 7,147 
Total$84,172 $85,819 
Other Commitments The following table shows the Company's commitments to invest in various LIHTC 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 $3.6 million, $3.7 million, and $3.6 million in 2025, 2024, and 2023, respectively. The Company expects to fund its remaining $13.2 million in commitments on these investments through 2041.
(In Thousands)Date of original commitmentYears over which tax benefits are earnedOriginal commitment amountLess: life to date contributionsRemaining commitment amount
USA 57December 2006153,000 (3,000)— 
WNCDecember 2012162,500 (2,500)— 
R4 - CoronadoMarch 20131710,729 (10,667)62 
R4 - MVVMay 2014178,528 (8,408)120 
R4 - PJ33June 2016176,835 (6,695)140 
R4 - Coronado IIJuly 2019177,302 (7,059)243 
R4 - Duke ApartmentsNovember 2019173,985 (3,855)130 
R4 - Aspen HouseJuly 2023178,534 (8,313)221 
R4 - Old Mat IIJuly 2023175,739 (5,532)207 
R4 - Baxter BorealisJuly 2025177,560 (780)6,780 
R4 - Ketchikan PSHJuly 2025175,847 (510)5,337 
Total$70,559 ($57,319)$13,240