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Other Assets | 12 Months Ended
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Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Other Assets | Other Assets A summary of other assets as of December 31, 2021 and 2020, is as follows:
(In Thousands) | 2021 |  | 2020
Other assets: |  |  |
Investment in Low Income Housing Partnerships | $20,640 |  |  | $24,142 |
Accrued interest receivable | 6,846 |  |  | 7,979 |
Interest rate swaps not designated as hedging instruments, at fair value | 6,030 |  |  | 7,387 |
Bank owned life insurance, net | 4,293 |  |  | 6,520 |
Taxes receivable | 1,994 |  |  | 4,083 |
Interest rate lock commitments | 1,387 |  |  | 4,034 |
Software | 2,855 |  |  | 3,905 |
Equity method investments | 2,219 |  |  | 2,462 |
Prepaid expenses | 2,210 |  |  | 2,404 |
Deferred taxes, net | 3,278 |  |  | 1,980 |
Commercial servicing rights, at fair value | 1,084 |  |  | 1,310 |
Repossessed assets | — |  |  | 231 |
Other assets | 1,525 |  |  | 2,051 |
Total | $54,361 |  |  | $68,488 |
Low Income Housing Partnerships: The following table shows the Company's commitments to invest in various low income housing tax credit partnerships. The Company earns a return on its investments in the form of tax credits and deductions that flow through to it as a limited partner in these partnerships. The Company recognized amortization expense of $3.5 million, $3.5 million, and $2.7 million in 2021, 2020, and 2019, respectively. The Company expects to fund its remaining $4.4 million in commitments on these investments through 2030.
(In Thousands) | Date of original commitment | Years over which tax benefits are earned | Original commitment amount | Less: life to date contributions | Remaining commitment amount
USA 57 | December 2006 | 15 | 3,000 |  | (3,000) |  | — |
WNC | December 2012 | 16 | 2,500 |  | (2,500) |  | — |
R4 - Coronado | March 2013 | 17 | 10,729 |  | (10,629) |  | 100 |
R4 - MVV | May 2014 | 17 | 8,528 |  | (8,348) |  | 180 |
R4 - PJ33 | June 2016 | 17 | 6,835 |  | (6,529) |  | 306 |
R4 - Coronado II | July 2019 | 17 | 7,282 |  | (7,022) |  | 260 |
R4 - Duke Apartments | November 2019 | 17 | 3,985 |  | (384) |  | 3,601 |
Total |  |  | $42,859 |  | ($38,412) |  | $4,447 |

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