XML 34 R17.htm IDEA: XBRL DOCUMENT
v3.22.4

Note 9 - Other Assets | 12 Months Ended
--- | ---
Dec. 31, 2022
Notes to Financial Statements |
Other Assets Disclosure [Text Block] |
(9) | Other Assets
A summary of major components of other assets follows:
December 31, (in thousands) |  | 2022 |  |  | 2021 |
Cash surrender value of life insurance other than BOLI |  | $ | 15,496 |  |  | $ | 17,875 |
Net deferred tax asset |  |  | 54,145 |  |  |  | 24,340 |
Investments in tax credit partnerships |  |  | 13,969 |  |  |  | 11,084 |
Swap assets |  |  | 10,727 |  |  |  | 3,148 |
Prepaid assets |  |  | 5,721 |  |  |  | 4,469 |
Trust fee receivable |  |  | 3,354 |  |  |  | 2,868 |
Mortgage servicing rights |  |  | 15,219 |  |  |  | 4,528 |
Other real estate owned |  |  | 677 |  |  |  | 7,212 |
Other |  |  | 15,680 |  |  |  | 10,478 |
Total other assets |  | $ | 134,988 |  |  | $ | 86,002 |
Bancorp maintains life insurance policies other than BOLI in conjunction with its non-qualified defined benefit retirement and non-qualified compensation plans. Bancorp enters into interest rate swap transactions with borrowers who desire to hedge exposure to rising interest rates, while at the same time entering into an offsetting interest rate swap, with substantially matching terms, with another approved independent counterparty. These are undesignated derivative instruments and are recognized on the balance sheet at fair value. For additional information, see the footnote titled “Interest Rate Swaps.” For additional information related to MSRs, see the footnote titled “Mortgage Banking Activities.”

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_OtherAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration