Other Assets and Other Liabilities

12 Months Ended

Dec. 31, 2024

(8.) OTHER ASSETS AND OTHER LIABILITIES

A summary of other assets and other liabilities as of December 31 is as follows (in thousands):


	2024		2023
Other Assets
Tax credit investments	$	71,861	$	68,253
Net deferred tax asset		60,885		48,733
Derivative instruments		46,133		43,506
Operating lease right of use assets		30,369		31,524
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock		18,261		17,406
Accrued interest receivable		23,748		24,481
Other		50,454		80,454
Total other assets	$	301,711	$	314,357

Other Liabilities
Collateral on derivative instruments	$	45,960	$	40,350
Derivative instruments		41,410		37,521
Operating lease right of use obligations		32,763		33,788
Accrued interest expense		25,856		19,412
Other		73,539		52,570
Total other liabilities	$	219,528	$	183,641

Included in Other Liabilities–Other at December 31, 2024 is a $23.0 million accrual for a contingent litigation liability. Refer to Note 12, Commitments and Contingencies, for more information related to this legal proceeding.