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Other assets	9 Months Ended
Other assets	Sep. 30, 2025
Other Assets Abstract
Other assets	Note 10 − Other assets The caption of other assets in the Consolidated Statements of Financial Condition consists of the following major categories: (In thousands) September 30, 2025 December 31, 2024 Net deferred tax assets (net of valuation allowance) $ 837,375 $ 926,329 Investments under the equity method 249,139 251,537 Prepaid taxes 54,447 42,909 Other prepaid expenses 34,639 28,376 Capitalized software costs 182,204 136,442 Derivative assets 27,700 25,975 Trades receivable from brokers and counterparties 9,670 588 Receivables from investments maturities 800 14,600 Principal, interest and escrow servicing advances 31,226 43,793 Guaranteed mortgage loan claims receivable 10,654 17,226 Operating ROU assets 99,384 93,389 Finance ROU assets 23,706 19,174 Assets for pension benefit 35,137 33,233 Others 148,805 164,188 Total other assets $ 1,744,886 $ 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 September 30, 2025 Software development costs $ 89,878 $ 34,203 $ 55,675 Software license costs 59,845 32,476 27,369 Cloud computing arrangements 110,472 11,312 99,160 Total Capitalized software costs [1] [2] $ 260,195 $ 77,991 $ 182,204 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 September 30, Nine months ended September 30, (In thousands) 2025 2024 2025 2024 Software development and license costs $ 22,157 $ 21,118 $ 66,139 $ 57,431 Cloud computing arrangements 2,500 1,514 5,328 3,052 Total amortization expense $ 24,657 $ 22,632 $ 71,467 $ 60,483