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Other assets
12 Months Ended
Dec. 31, 2022
Other assets  
Other assets

8. Other assets:

The major components of other assets at December 31, 2022 and 2021 are summarized as follows:

 

(Dollars in thousands)

    

December 31, 2022

    

December 31, 2021

 

Other real estate owned

$

121

$

609

Investment in low income housing partnership

 

5,446

 

5,900

Mortgage servicing rights

 

914

 

882

Restricted equity securities (FHLB and other)

 

9,630

 

4,045

Interest rate floor

1

844

Interest rate swaps

21,794

9,026

Other assets

 

8,165

 

6,395

Total

$

46,071

$

27,701

Interest rate swaps balance represents the fair value our commercial loan back-to-back swaps and is higher due to higher market rates. 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 $144.7 million at December 31, 2022 and $151.6 million at December 31, 2021.