Note 8 – Other Assets

The Company had the following other assets at September 30, 2019 and December 31, 2018 excluding discontinued operations.


(Dollars in thousands)	September 30, 2019		December 31, 2018
Accrued interest receivable		3,507		3,345
Deferred income taxes		2,795		4,182
Prepaid expenses		1,483		1,067
Cash surrender value on life insurance		18,440		3,726
Income taxes receivable		518		—
Other assets		3,514		5,358
Total	$	30,257	$	17,678

The following table provides information on significant components of the Company’s deferred tax assets and liabilities as of September 30, 2019 and December 31, 2018.


	September 30,		December 31,
(Dollars in thousands)	2019		2018
Deferred tax assets:
Allowance for credit losses	$	2,850	$	2,797
Reserve for off-balance sheet commitments		81		81
Net operating loss carry forward		37		—
Write-downs of other real estate owned		(3)		273
Nonaccrual loan interest		354		260
Unrealized losses on available-for-sale securities		—		1,105
Unrealized losses on available-for-sale securities transferred to held to maturity		6		12
Other		480		524
Total deferred tax assets		3,805		5,052
Deferred tax liabilities:
Depreciation		187		238
Amortization on loans FMV adjustment		48		60
Acquisition accounting adjustments		448		247
Deferred capital gain on branch sale		195		200
Unrealized gains on available-for-sale securities		10		—
Other		122		125
Total deferred tax liabilities		1,010		870
Net deferred tax assets	$	2,795	$	4,182