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Other Assets
12 Months Ended
Dec. 31, 2012
Other Assets [Abstract]  
Other Assets

 

NOTE 12. OTHER ASSETS

Other assets consisted of the following at December 31, 2012 and 2011:

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

2012

 

 

2011

Cash surrender value of life insurance policies

$

93,831 

 

$

92,555 

Accrued interest receivable

 

26,998 

 

 

30,617 

Derivative assets

 

23,942 

 

 

7,955 

Income taxes receivable

 

12,859 

 

 

14,715 

Due from FDIC

 

12,606 

 

 

26,510 

Prepaid FDIC deposit assessment

 

12,307 

 

 

18,739 

Equity method investments

 

11,031 

 

 

12,400 

Investment in unconsolidated Trusts

 

6,933 

 

 

6,934 

Deferred tax assets, net

 

3,529 

 

 

 -

Other

 

32,025 

 

 

33,277 

 Total

$

236,061 

 

$

243,702 

 

The amount due from the FDIC relates to the FDIC-assisted acquisitions of Evergreen, Rainier, and Nevada Security. See further discussion at Note 7.    

The Company invests in limited partnerships that operate qualified affordable housing projects to receive tax benefits in the form of tax deductions from operating losses and tax credits. The Company accounts for the investments under the equity method. The Company’s remaining capital commitments to these partnerships at December 31, 2012 and 2011 were approximately $4.1 million and $6.9 million, respectively. Such amounts are included in other liabilities on the consolidated balance sheets.

Also see Note 18 for information on the Company’s investment in Trusts and Note 21 for information on the Company’s derivatives.