Other Assets

12 Months Ended

Dec. 31, 2024

Note 6 - Other Assets

Significant balances included in other assets at December 31, 2024 and 2023 are presented below.


(in thousands)	2024		2023
Investments in tax credits and CRA partnerships	$	808,425	$	638,402
Deferred tax assets	473,817		510,442
Accounts receivable	445,146		195,921
ROU assets(1)	429,454		473,028
Accrued interest receivable	254,629		284,112
FRB and FHLB Stock	164,374		184,944
Derivative asset positions	83,895		94,903
Mutual funds and mutual funds held in rabbi trusts	63,371		53,742
Prepaid expense	46,917		47,471
Other investments	14,831		12,560
Trading securities, at fair value	9,713		12,898
Other real estate	385		—
MPS receivable(2)	—		19,300
Miscellaneous other assets	61,449		59,601
Total other assets	$	2,856,406	$	2,587,324

(1) Lease liabilities are included within other liabilities on the consolidated balance sheets.

(2) See "Part II - Item 8. Financial Statements and Supplementary Data - Note 14 - Commitments and Contingencies" in this Report for more information on the MPS receivable.

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 $146.3 million and $133.7 million at December 31, 2024 and 2023, 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 $18.0 million and $51.3 million at December 31, 2024 and 2023, respectively) in an amount equal to its membership base investment plus an activity-based investment determined according to the level of outstanding FHLB advances.