Note 6 - Other Assets

6 Months Ended

Jun. 30, 2013

Other Assets Disclosure [Text Block]

Other Assets Disclosure [Text Block]

Note 6: Other Assets

Other assets consisted of the following:

	At June 30, 2013		At December 31, 2012
	(In thousands)
Cost method equity investments:
Federal Reserve Bank stock (1)	$	14,069	$	14,069
Federal Home Loan Bank stock (2)		5,865		7,353
Other investments		376		376
Total cost method equity investments		20,310		21,798
Life insurance cash surrender value		46,056		45,579
Deferred taxes receivable		52,486		42,449
Limited partnership investments		19,219		20,631
Interest receivable		20,186		20,274
FDIC indemnification receivable		8,758		13,847
Prepaid assets		3,180		11,679
Other assets		11,265		11,829
Total other assets	$	181,460	$	188,086

(1) A bank applying for membership in the Federal Reserve System is required to subscribe to stock in the Federal Reserve Bank (FRB) in a sum equal to six percent of the bank’s paid-up capital stock and surplus. One-half of the amount of the bank's subscription shall be paid to the FRB and the remaining half will be subject to call when deemed necessary by the Board of Governors of the Federal Reserve System.

(2) Borrowings from the Federal Home Loan Bank (FHLB) must be supported by capital stock holdings. The minimum activity-based requirement is 4.7% of the outstanding advances. The requirement may be adjusted from time to time by the FHLB within limits established in the FHLB's Capital Plan.