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Other assets

12 Months Ended

Dec. 31, 2024

Other assets

Other assets

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10. Other assets:

The major components of other assets at December 31, 2024 and 2023 are summarized as follows:

​	​	​	​	​	​	​
(Dollars in thousands)		​	December 31, 2024		​	December 31, 2023
Other real estate owned	​	$	738	​	$	​
Mortgage servicing rights (1)	​		1,304	​		870
Prepaid shares tax	​		1,304	​		949
Equity investments without readily determinable fair value	​	​	5,080	​	​	​
Prepaid pension	​		5,788	​		3,764
Prepaid expenses	​	​	7,031	​	​	4,840
Restricted equity securities (FHLB and ACBB)	​	​	10,220	​	​	5,180
Investment in low income housing partnerships	​		17,886	​		5,015
Interest rate swaps(2)	​	​	20,537	​	​	19,278
Other assets	​	​	5,031	​	​	2,353
Total	​	$	74,919	​	$	42,249

(1) 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 $185.2 million at December 31, 2024 and $134.9 million at December 31, 2023.

(2) Interest rate swaps balance represents the fair value of our commercial loan back-to-back swaps.

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The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets.

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