Other Assets and Other Liabilities

6 Months Ended

Jun. 30, 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):


	June 30,		December 31,
	2025		2024
Other Assets:
Tax credit investments	$	66,082	$	71,861
Net deferred tax asset		56,461		60,885
Derivative instruments		31,766		46,133
Operating lease right of use assets		29,736		30,369
Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank (“FRB”) stock		20,798		18,261
Accrued interest receivable		24,928		23,748
Other		49,785		50,454
Total other assets	$	279,556	$	301,711


Other Liabilities:
Collateral on derivative instruments	$	27,900	$	45,960
Derivative instruments		28,490		41,410
Operating lease right of use obligations		32,193		32,763
Accrued interest expense		23,687		25,856
Other		57,854		73,539
Total other liabilities	$	170,124	$	219,528

Included in Other Liabilities–Other as of both June 30, 2025 and December 31, 2024 was 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.