XML 22 R13.htm IDEA: XBRL DOCUMENT v3.23.3
Other assets
9 Months Ended
Sep. 30, 2023
Other assets  
Other assets

6. Other assets:

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

(Dollars in thousands)

    

September 30, 2023

    

December 31, 2022

 

Other real estate owned

$

$

121

Mortgage servicing rights

 

885

 

914

Prepaid shares tax

 

949

 

48

Prepaid pension

 

2,553

 

2,314

Prepaid expenses

4,626

3,012

Restricted equity securities (FHLB and other)

5,664

9,630

Investment in low income housing partnership

 

5,135

 

5,446

Interest rate swaps

26,153

21,794

Interest rate floor

772

1

Other assets

2,830

2,791

Total

$

49,567

$

46,071

Restricted equity securities declined $4.0 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.