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OTHER ASSETS
12 Months Ended
Dec. 31, 2019
Other Assets [Abstract]  
OTHER ASSETS OTHER ASSETS

Year-end other assets are summarized as follows:
(In thousands)
 
2019
 
2018
Capitalized servicing rights (1)
 
$
26,451

 
$
23,376

Accrued interest receivable
 
36,462

 
36,879

Accrued federal and state tax receivable
 
23,786

 
23,923

Right-of-use assets (1)
 
76,332

 

Derivative assets (1)
 
80,190

 
35,654

Assets held for sale
 
1,734

 
1,541

Other (1)
 
16,647

 
21,165

Total other assets
 
$
261,602

 
$
142,538

Total other assets from discontinued operations
 
23,822

 
21,612

Total other assets from continuing operations
 
$
237,780

 
$
120,926


(1)
Includes other assets classified as discontinued operations. See Note 3 - Discontinued Operations for more information.

The Bank sells loans in the secondary market and retains the ability to service many of these loans. The Bank earns fees for the servicing provided. Loans sold and serviced for others from continuing operations amounted to $1.7 billion, $1.4 billion, and $1.4 billion at year-end 2019, 2018, and 2017, respectively. Loans sold and serviced for others from discontinued operations amounted to $1.4 billion, $0.8 billion, and $0.3 billion at year-end 2019, 2018, and 2017. Loans serviced for others are not included in the accompanying Consolidated Balance Sheets. The risks inherent in servicing assets relate primarily to changes in prepayments that result from shifts in interest rates. Contractually specified servicing fees from continuing operations were $5.6 million, $4.6 million, and $4.4 million for the years 2019, 2018, and 2017, respectively, and included as a component of loan related fees within non-interest income. Contractually specified servicing fees from discontinued operations were $1.9 million, $1.0 million, and $0.2 million for the years 2019, 2018, and 2017, respectively, and included as a component of other income in Note 3 - Discontinued Operations. Refer to Note 22 - Fair Value Measurements for significant assumptions and inputs used in the valuation at year-end 2019.

Servicing rights activity was as follows:
(In thousands)
 
2019
 
2018
Balance at beginning of year
 
$
23,376

 
$
16,361

Additions
 
16,837

 
10,660

Amortization
 
(3,240
)
 
(3,124
)
Change in fair value
 
(5,822
)
 
29

Allowance adjustment
 
(4,700
)
 
(550
)
Balance at end of year (1)
 
$
26,451

 
$
23,376


(1)
The balances of servicing rights accounted for at fair value as of December 31, 2019 and December 31, 2018 were $12.3 million and $11.5 million, respectively.

Servicing rights activity from discontinued operations during 2019 included $11.1 million of additions, $5.8 million decrease in fair value, and $4.5 million valuation allowance. During 2018, servicing rights activity from discontinued operations included $7.6 million of additions.