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Other assets
6 Months Ended
Jun. 30, 2023
Other assets  
Other assets

6. Other assets:

The components of other assets at June 30, 2023 and December 31, 2022 are summarized as follows:

(Dollars in thousands)

    

June 30, 2023

    

December 31, 2022

 

Other real estate owned

$

121

$

121

Mortgage servicing rights

 

896

 

914

Prepaid shares tax

 

1,012

 

48

Prepaid pension

 

2,472

 

2,314

Prepaid expenses

4,307

3,012

Restricted equity securities (FHLB and other)

4,538

9,630

Investment in low income housing partnership

 

5,205

 

5,446

Interest rate swaps

21,523

21,794

Interest rate floor

283

1

Other assets

2,930

2,791

Total

$

43,287

$

46,071

Restricted equity securities declined $5.1 million from December 31, 2022 due to lower Federal Home Loan Bank of Pittsburgh (FHLB) stock requirement resulting from a decrease in borrowings. Interest rate swaps balance represents the fair value of our commercial loan back-to-back swaps.