Other Assets and Other Liabilities

3 Months Ended

Mar. 31, 2025

(7.) OTHER ASSETS AND OTHER LIABILITIES

A summary of other assets and other liabilities as of the dates indicated are as follows (in thousands):


	March 31,		December 31,
	2025		2024
Other Assets:
Tax credit investments	$	68,991	$	71,861
Net deferred tax asset		56,747		60,885
Derivative instruments		37,723		46,133
Operating lease right of use assets		30,207		30,369
Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank (“FRB”) stock		18,622		18,261
Accrued interest receivable		24,778		23,748
Other		48,556		50,454
Total other assets	$	285,624	$	301,711


Other Liabilities:
Collateral on derivative instruments	$	37,200	$	45,960
Derivative instruments		33,924		41,410
Operating lease right of use obligations		32,632		32,763
Accrued interest expense		27,916		25,856
Other		66,065		73,539
Total other liabilities	$	197,737	$	219,528

Included in Other Liabilities–Other as of both March 31, 2025 and December 31, 2024 is a $23.0 million accrual for a contingent litigation liability. Refer to Note 13, Commitments and Contingencies, for more information related to this legal proceeding.