Other Assets

12 Months Ended

Dec. 31, 2011

Other Assets [Abstract]

Other Assets

Note 12 – Other Assets

Other assets were comprised of (in thousands):

	As of December 31,
	2011		2010
Deferred tax asset, net	$	27,810	$	28,046
Prepaid expense including FDIC assessment and taxes		8,459		5,911
Software		1,530		1,127
Life insurance proceeds receivable		2,811		—
Advanced compensation		1,363		—
TriCo Capital Trust I & II		1,238		1,238
Miscellaneous other assets		173		960
Total other assets	$	43,384	$	37,282

The majority of prepaid expenses & miscellaneous other assets at December 31, 2011 and 2010 consisted of prepaid FDIC assessment. In November of 2009, the FDIC adopted an amendment to its assessment regulations to require insured institutions to prepay, on December 30, 2009, their estimated quarterly risk-based assessments for the fourth quarter of calendar 2009 and for all of the calendar years 2010, 2011 and 2012. The amount of the prepayment was generally determined based upon an institution’s assessment rate in effect on September 30, 2009, adjusted to reflect a 5% growth and as an assessment rate increase of three cents per $100 of deposits effective January 1, 2011. The Bank’s prepayment amount was $10,544,000.