Note 9 - Other Assets

Significant balances included in other assets at December 31, 2017 and 2016 are presented below.



(in thousands)	2017		2016
Cash surrender value of bank-owned life insurance	$	540,958	$	378,830
Federal Reserve Bank and FHLB stock	159,443		169,864
Accrued interest receivable	80,036		70,393
Investments in low income housing tax credit partnerships	60,068		26,495
Taxes receivable⁽¹⁾	46,330		2,611
Accounts receivable	43,878		29,821
Prepaid expenses	33,298		35,542
Private equity investments	15,771		25,493
Derivative asset positions	11,722		20,623
Other properties held for sale	7,825		14,830
SBA/GGL servicing assets, net	4,101		4,451
Miscellaneous other assets	32,081		34,267
Total other assets	$	1,035,511	$	813,220

(1) Effective December 31, 2017, alternative minimum tax credits of $42.1 million were reclassified from deferred tax assets to taxes receivable.

Synovus’ investment in bank-owned life insurance programs at both December 31, 2017 and December 31, 2016 included approximately $15 million of separate account life insurance policies covered by stable value agreements. At December 31, 2017, the fair value of the investments underlying the separate account policies was approximately $14 million, which was within the coverage provided by the stable value agreements.