Other Assets

A summary of other assets as of December 31, 2017 and 2016, is as follows:



(In Thousands)	2017		2016
Other assets:
Investment in Low Income Housing Partnerships		$21,908		$24,174
Deferred taxes, net	6,260		10,264
Taxes receivable	5,331		1,755
Bank owned life insurance	5,313		6,181
Software	5,270		219
Accrued interest receivable	4,385		3,734
Investment in equity method investments	3,878		4,560
Prepaid expenses	1,269		1,596
Rate lock derivative	873		1,137
Other assets	1,654		2,508
Total		$56,141		$56,128

Equity Method Investments: The Company applies the equity method of accounting for the following related entities:


•	The Company owns a 24% interest in PWA, an investment advisory, trust, and wealth management business located in Seattle, Washington.


•	The Company owns a 30% interest in Homestate Mortgage Company, LLC, a mortgage origination business located in Anchorage, Alaska.

Low Income Housing Partnerships: The following table shows the Company's commitments to invest in various low income housing tax credit partnerships. The Company earns a return on its investments in the form of tax credits and deductions that flow through to it as a limited partner in these partnerships. The Company recognized amortization expense of $2.3 million, $2.9 million, and $2.7 million in 2017, 2016, and 2015, respectively. The Company expects to fund its remaining $5.5 million in commitments on these investments through 2030.



(In Thousands)	Date of original commitment	Years over which tax credits are earned	Original commitment amount		Less: life to date contributions			Remaining commitment amount
R4 - MVV	May 2014	17		$8,528		($8,248	)		$280
R4 - Coronado	March 2013	17	10,729		(10,138		)	591
R4 - PJ33	June 2016	17	6,809		(2,184		)	4,625
WNC	December 2012	16	2,500		(2,500		)	—
USA 57	December 2006	15	3,000		(3,000		)	—
Centerline XXXIII	September 2006	18	3,000		(3,000		)	—
Centerline XXII	January 2003	18	3,000		(3,000		)	—
Total				$37,566		($32,070	)		$5,496