Other Assets and Other Liabilities

9 Months Ended

Sep. 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):


	September 30,		December 31,
	2025		2024
Other Assets:
Tax credit investments	$	63,377	$	71,861
Net deferred tax asset		49,650		60,885
Derivative instruments		30,450		46,133
Operating lease right of use assets		29,660		30,369
Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank (“FRB”) stock		18,956		18,261
Accrued interest receivable		25,738		23,748
Other		54,436		50,454
Total other assets	$	272,267	$	301,711


	September 30,		December 31,
	2025		2024
Other Liabilities:
Collateral on derivative instruments	$	23,780	$	45,960
Derivative instruments		27,602		41,410
Operating lease right of use obligations		32,149		32,763
Accrued interest expense		19,757		25,856
Other		35,235		73,539
Total other liabilities	$	138,523	$	219,528

Included in Other Liabilities–Other as of December 31, 2024 was a $23.0 million accrual for a contingent litigation liability, which was paid during the third quarter of 2025. Refer to Note 13, Commitments and Contingencies, for more information related to this legal proceeding.