Other Assets (Tables)

12 Months Ended

Dec. 31, 2019

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

A summary of other assets as of December 31, 2019 and 2018, is as follows:



(In Thousands)	2019		2018
Other assets:
Investment in Low Income Housing Partnerships		$27,841		$19,243
Deferred taxes, net	2,535		3,246
Taxes receivable	1,429		8,188
Bank owned life insurance	6,393		6,272
Software	4,590		4,888
Accrued interest receivable	4,512		4,817
Equity method investments	2,232		2,259
Prepaid expenses	1,649		1,902
Repossessed assets	231		1,242
Commercial servicing rights	1,214		1,030
Interest rate lock commitments	810		978
Interest rate swaps not designated as hedging instruments	2,950		246
Interest rate swaps designated as hedging instruments	—		607
Other assets	1,690		1,586
Total		$58,076		$56,504

Other Commitments

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 $2.7 million, $2.7 million, and $2.3 million in 2019, 2018, and 2017, respectively. The Company expects to fund its remaining $11.3 million in commitments on these investments through 2030.



(In Thousands)	Date of original commitment	Years over which tax benefits are earned	Original commitment amount		Less: life to date contributions			Remaining commitment amount
Centerline XXII	January 2003	18		$3,000		($3,000	)		$—
Centerline XXXIII	September 2006	18	3,000		(3,000		)	—
USA 57	December 2006	15	3,000		(3,000		)	—
WNC	December 2012	16	2,500		(2,500		)	—
R4 - Coronado	March 2013	17	10,729		(10,604		)	125
R4 - MVV	May 2014	17	8,528		(8,308		)	220
R4 - PJ33	June 2016	17	6,835		(6,495		)	340
R4 - Coronado II	July 2019	17	7,282		(341		)	6,941
R4 - Duke Apartments	November 2019	17	3,985		(359		)	3,626
Total				$48,859		($37,607	)		$11,252