OTHER ASSETS

12 Months Ended

Dec. 31, 2011

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

Other Assets Disclosure [Text Block]

7. OTHER ASSETS

     The following table summarizes Bancorp’s other assets for the years ended December 31, 2011, and 2010:

(Dollars in thousands)	December 31,
	2011		2010
Deferred tax assets, net	$	22,964	$	5,789
Accrued interest receivable		9,364		9,522
Investment in affordable housing tax credits		3,251		3,915
Income taxes receivable		863		-
Other		7,684		13,715
Total other assets	$	44,126	$	32,941

Bancorp has invested in two limited partnerships that operate qualified affordable housing properties. Tax credits and tax deductions from operating losses are passed through the partnerships to Bancorp. The Company accounts for these investments using the equity method.