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Other Assets
 12 Months Ended
Dec. 31, 2020
Other Assets [Abstract]  
Other Assets

8. Other Assets

 

Significant balances included in Other Assets in the Consolidated Balance Sheets at December 31, 2020 and 2019 are presented below.

 

 

 

December 31,

 

(in thousands)

 

2020

 

 

2019

 

Derivative assets

 

$

150,180

 

 

$

54,446

 

Income tax receivable

 

 

101,301

 

 

 

31,186

 

FHLB stock

 

 

104,708

 

 

 

90,367

 

Derivative collateral

 

 

90,311

 

 

 

35,113

 

Investments in Small Business Investment Companies and other

 

 

42,475

 

 

 

44,242

 

Investments in Low Income Housing Tax Credit Entities

 

 

37,464

 

 

 

37,265

 

Other

 

 

41,891

 

 

 

36,158

 

Total

 

$

568,330

 

 

$

328,777

 

 

The Company invests in certain affordable housing project limited partnerships that are qualified low-income housing tax credit developments.  These investments are considered variable interest entities for which the Company is not the primary beneficiary and, therefore, are not consolidated.  The tax credits, when realized, will be reflected in the consolidated statement of income as a reduction of income tax expense. The unamortized portion of the Company’s investments in affordable housing limited partnerships totaled $37.5 million and $37.3 million at December 31, 2020 and, 2019, respectively.