Other Assets

The Corporation is a limited partner in several limited partnership investments. The Corporation is not the general partner, does not have controlling ownership, and is not the primary variable interest holder in any of these limited partnerships. The Corporation’s share of the partnerships’ income included in the consolidated statements of income for the years ended December 31, 2013 and 2012 was a loss of $437,000 and income of $678,000, respectively. The Corporation had an equity investment in Aldine Capital Fund, LP, a mezzanine fund, of $1.2 million and $2.0 million recorded as of December 31, 2013 and 2012, respectively. The Corporation had a remaining commitment to provide funds of $960,000 at December 31, 2013. In March 2013, the Corporation invested in Aldine Capital Fund II, LP (“Aldine II”), a mezzanine fund. As of December 31, 2013, the Corporation’s equity investment in Aldine II totaled $942,000. The Corporation had a remaining commitment to provide funds of $3.8 million at December 31, 2013. The Corporation also has one tax-preferred limited partnership equity investment, Chapel Valley Senior Housing, LP. At December 31, 2013 and 2012, there was a zero cost basis remaining in this tax-preferred limited partnership equity investment.

The Corporation is the sole owner of $315,000 of common securities issued by Trust II, a Delaware business trust. The purpose of Trust II was to complete the sale of $10.0 million of 10.50% fixed rate trust preferred securities. Trust II, a wholly owned subsidiary of the Corporation, was not consolidated into the financial statements of the Corporation. The investment in Trust II of $315,000 as of December 31, 2013 and 2012 is included in accrued interest receivable and other assets.

A summary of accrued interest receivable and other assets is as follows:



	As of December 31,
	2013		2012
	(In Thousands)
Accrued interest receivable	$	3,231	$	3,217
Deferred tax assets, net	3,722		4,583
Investment in limited partnerships	2,141		2,000
Investment in Trust II	315		315
Fair value of interest rate swaps	946		3,069
Prepaid expenses	1,224		1,453
Other	2,737		2,771
Total accrued interest receivable and other assets	$	14,316	$	17,408