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Other assets
12 Months Ended
Dec. 31, 2019
Other assets.  
Other assets

9. Other assets:

The major components of other assets at December 31, 2019 and 2018 are summarized as follows:

 

 

 

 

 

 

 

 

 

 

    

 

December 31, 2019

    

 

December 31, 2018

 

Other real estate owned

 

$

450

 

$

376

 

Investment in low income housing partnership

 

 

6,901

 

 

7,377

 

Mortgage servicing rights

 

 

738

 

 

718

 

Bank owned life insurance

 

 

35,041

 

 

34,288

 

Restricted equity securities (FHLB and other)

 

 

10,201

 

 

7,462

 

Net deferred tax asset

 

 

3,362

 

 

5,081

 

Interest rate floor

 

 

944

 

 

553

 

Interest rate swaps

 

 

4,728

 

 

108

 

Other assets

 

 

6,855

 

 

7,774

 

Total

 

$

69,220

 

$

63,737

 

 

The Company originates one-to-four family residential mortgage loans for sale in the secondary market with servicing rights retained. Mortgage loans serviced for others are not included in the accompanying Consolidated Balance Sheets. The unpaid principal balances of mortgage loans serviced for others were $159,587 at December 31, 2019 and $165,610 at December 31, 2018.