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Other assets	6 Months Ended
Other assets	Jun. 30, 2025
Other Assets Abstract
Other assets	Note 12 − Other assets The caption of other assets in the Consolidated Statements of Financial Condition consists of the following major categories: (In thousands) June 30, 2025 December 31, 2024 Net deferred tax assets (net of valuation allowance) $ 862,089 $ 926,329 Investments under the equity method 244,510 251,537 Prepaid taxes 63,677 42,909 Other prepaid expenses 31,982 28,376 Capitalized software costs 169,583 136,442 Derivative assets 24,792 25,975 Trades receivable from brokers and counterparties 880 588 Receivables from investments maturities - 14,600 Principal, interest and escrow servicing advances 35,818 43,793 Guaranteed mortgage loan claims receivable 13,084 17,226 Operating ROU assets (Note 27) 89,253 93,389 Finance ROU assets (Note 27) 17,685 19,174 Assets for pension benefit 34,503 33,233 Others 157,196 164,188 Total other assets $ 1,745,052 $ 1,797,759 The Corporation regularly incurs in capitalizable costs associated with software development or licensing which are recorded within the Other Assets line item in the accompanying Consolidated Statements of Financial Condition. In addition, the Corporation incurs costs associated with hosting arrangements that are service contracts that are also recorded within Other Assets. The hosting arrangements can include capitalizable implementation costs that are amortized during the term of the hosting arrangement. The following table summarizes the composition of acquired or developed software costs as well as costs related to hosting arrangements: Gross Carrying Accumulated Net Carrying (In thousands) Amount Amortization Value June 30, 2025 Software development costs $ 83,809 $ 29,575 $ 54,234 Software license costs 52,630 26,924 25,706 Cloud computing arrangements 98,766 9,123 89,643 Total Capitalized software costs [1] [2] $ 235,205 $ 65,622 $ 169,583 December 31, 2024 Software development costs $ 79,233 $ 23,057 $ 56,176 Software license costs 42,234 21,459 20,775 Cloud computing arrangements 65,797 6,306 59,491 Total Capitalized software costs [1] [2] $ 187,264 $ 50,822 $ 136,442 [1] Software intangible assets are presented as part of Other Assets in the Consolidated Statements of Financial Condition. [2] The tables above exclude assets that have been fully amortized. Total amortization expense for all capitalized software and hosting arrangement cost, reflected as part of technology and software expenses in the consolidated statement of operations, is as follows: Quarters ended June 30, Six months ended June 30, (In thousands) 2025 2024 2025 2024 Software development and license costs $ 22,254 $ 18,612 $ 43,982 $ 36,313 Cloud computing arrangements 1,462 666 2,828 1,538 Total amortization expense $ 23,716 $ 19,278 $ 46,810 $ 37,851