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Other assets - Components of Other Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Other real estate owned	$ 1,152
Mortgage servicing rights	832	$ 870
Prepaid shares tax	1,489	949
Prepaid pension	4,144	3,764
Prepaid expenses	7,704	4,840
Restricted equity securities (FHLB and other)	9,829	5,180
Investment in low income housing partnership	15,779	5,015
Interest rate swaps	17,845	19,833
Other assets	11,789	2,353
Total	70,056	42,249
Interest rate swaps
Interest rate swaps	$ 17,338	$ 19,278

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Mortgage servicing rights (MSR) refer to a contractual agreement where the right, or rights, to service an existing mortgage are sold by the original lender to another party who specializes in the various functions of servicing mortgages.

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Carrying amount of prepaid pension as of the balance sheet date of expenditures made in advance of when the economic benefit of the cost will be realized, and which will be expensed in future periods with the passage of time or when a triggering event occurs.

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Real estate investments in the residential housing program.

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Amount excluding accrued interest, of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), classified as noncurrent.

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Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement.

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Carrying amount of other real estate not separately disclosed, including, but not limited to, real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned. This does not include real estate assets taken in settlement of troubled loans through surrender or foreclosure.

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