Other Assets

12 Months Ended

Dec. 31, 2022

Note 6 - Other Assets

Significant balances included in other assets at December 31, 2022 and 2021 are presented below.


(in thousands)	2022		2021
Deferred tax asset, net	$	595,317	$	169,051
Investments in tax credits and CRA partnerships	496,527		426,137
ROU assets	421,481		411,472
Federal Reserve Bank and FHLB Stock	308,321		159,941
Accrued interest receivable	226,209		145,659
Accounts receivable	152,460		81,325
Derivative asset positions	89,815		191,708
Prepaid expense	48,152		42,874
Mutual funds and mutual funds held in rabbi trusts	42,659		43,657
MPS receivable(1)	15,320		15,320
Other investments	11,172		12,185
Trading securities, at fair value	8,295		8,391
Other real estate	—		11,818
Miscellaneous other assets	55,910		70,660
Total other assets	$	2,471,638	$	1,790,198

(1) See "Part II - Item 8. Financial Statements and Supplementary Data - Note 14 - Commitments and Contingencies" in this Report for more information on this receivable which is classified as a NPA.

As a member of the Federal Reserve System, Synovus is currently required to purchase and hold shares of capital stock in the Federal Reserve Bank of Atlanta (recorded at amortized cost, which approximates fair value, of $128.6 million and $143.7 million at December 31, 2022 and 2021, respectively) in an amount equal to the greater of 6% of its capital and surplus or 0.6% of deposits. As a member of the FHLB, Synovus is also required to purchase and hold shares of capital stock in the FHLB (recorded at amortized cost, which approximates fair value, of $179.7 million and $16.2 million at December 31, 2022 and 2021, respectively) in an amount equal to its membership base investment plus an activity-based investment determined according to the level of outstanding FHLB advances.