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Other Assets

6 Months Ended

Jun. 30, 2022

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Note 7 — Other Assets

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


	June 30, 2022		December 31, 2021
	(In Thousands)
Accrued interest receivable	$	6,433	$	5,497
Net deferred tax asset	7,870		6,175
Investment in historic development entities	2,369		2,299
Investment in low-income housing development entity	8,901		2,964

Investment in limited partnerships	11,435		9,874
Investment in Trust II	—		315
Prepaid expenses	3,760		2,689
Other assets	8,100		9,577
Total accrued interest receivable and other assets	$	48,868	$	39,390

As of March 30, 2022, the Corporation surrendered its common shares for no gain or loss and exited the Trust II entity, which was subsequently dissolved. Previously, the Corporation was the sole owner of $315,000 of common securities issued by Trust II. The purpose of Trust II was to complete the sale of $10.0 million of 10.50% fixed rate preferred securities. Trust II, a wholly owned subsidiary of the Corporation, is not consolidated into the financial statements of the Corporation. The investment in Trust II of $315,000 as of December 31, 2021 is included in accrued interest receivable and other assets.