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Other Assets
12 Months Ended
Dec. 31, 2011
Other Assets [Abstract]  
Other Assets

NOTE 12. OTHER ASSETS

Other assets consisted of the following at December 31, 2011 and 2010:

 

(in thousands)              
     2011      2010  

Cash surrender value of life insurance policies

   $ 92,555       $ 90,161   

Accrued interest receivable

     30,617         30,307   

Due from FDIC

     26,510         36,461   

Prepaid FDIC deposit assessment

     18,739         29,369   

Income taxes receivable

     14,715         516   

Equity method investments

     12,400         8,377   

Derivative assets

     7,955         1,060   

Investment in unconsolidated Trusts

     6,934         6,933   

Deferred tax assets, net

     —           9,649   

Other

     37,181         29,632   
  

 

 

    

 

 

 

Total

   $ 247,606       $ 242,465   
  

 

 

    

 

 

 

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, 2011 and 2010 were approximately $6.9 million and $1.9 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.