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Accrued Interest Receivable and Other Assets
 9 Months Ended
Sep. 30, 2017
Accrued Interest Receivable And Other Assets [Abstract]  
Other Assets Disclosure [Text Block]

NOTE 10 — ACCRUED INTEREST RECEIVABLE AND OTHER ASSETS

Accrued interest receivable at September 30, 2017 and December 31, 2016 consists of the following:

September 30,December 31,
20172016
(In thousands)
Loans, excluding acquired loans$19,768$16,706
Investments2,9683,521
$22,736$20,227

Other assets at September 30, 2017 and December 31, 2016 consist of the following:

September 30,December 31,
20172016
(In thousands)
Prepaid expenses$13,070$17,096
Other repossessed assets3,8293,224
Core deposit and customer relationship intangibles5,0556,160
Mortgage tax credits4,2776,277
Investment in Statutory Trust1,0831,083
Accounts receivable and other assets37,44346,525
$64,757$80,365

Prepaid expenses amounting to $13.1 million and $17.1 million at September 30, 2017 and December 31, 2016, respectively, include prepaid municipal, state accident insurance fund, property and income taxes aggregating to $7.5 million and $12.5 million, respectively.

In connection with the FDIC-assisted acquisition and the BBVAPR Acquisition, Oriental recorded a core deposit intangible representing the value of checking and savings deposits acquired. At September 30, 2017 and December 31, 2016 this core deposit intangible amounted to $3.6 million and $4.3 million, respectively. In addition, Oriental recorded a customer relationship intangible representing the value of customer relationships acquired with the acquisition of the securities broker-dealer and insurance agency in the BBVAPR Acquisition. At September 30, 2017 and December 31, 2016, this customer relationship intangible amounted to $1.5 million and $1.9 million, respectively.

Other repossessed assets totaled $3.8 million and $3.2 million at September 30, 2017 and December 31, 2016, respectively, include repossessed automobiles amounting to $3.6 million and $3.0 million, respectively, which are recorded at their net realizable value.

At September 30, 2017 and December 31, 2016, tax credits for Oriental totaled $4.3 million and $6.3 million, respectively. These tax credits do not have an expiration date.