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OTHER ASSETS (Tables)
 12 Months Ended
Dec. 31, 2016
Other Assets [Abstract]  
Summary of Other Assets
Year-end other assets are summarized as follows:
(In thousands)
 
2016
 
2015
Capitalized servicing rights
 
$
11,524

 
$
5,187

Accrued interest receivable
 
26,113

 
20,940

Investment in tax credits
 
1,500

 
2,854

Accrued federal and state tax receivable (1)
 
19,076

 
6,731

Derivative assets
 
21,617

 
17,507

Other
 
18,627

 
11,707

Total other assets
 
$
98,457

 
$
64,926


(1)
Accrued federal and state tax receivable as of December 31, 2016 includes $5.9 million of New York State refundable tax credits from investment in historical tax credit partnerships in New York State. This balance was $4 million at year-end 2015.
Schedule of Mortgage Servicing Rights Activity
ervicing rights activity was as follows:
(In thousands)
 
2016
 
2015
Balance at beginning of year
 
$
5,187

 
$
3,757

Acquired from 44 Business Capital
 
3,489

 
—

Acquired from First Choice Bank (1)
 
696

 
—

Additions
 
4,116

 
2,622

Amortization
 
(1,964
)
 
(1,192
)
Balance at end of year
 
$
11,524

 
$
5,187


(1)
Amounts acquired from First Choice Bank are accounted for at fair value. The balance as of December 31, 2016 was $798 thousand.