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Other Assets
9 Months Ended
Sep. 30, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets

Note 7 — Other Assets

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

 

 

September 30, 2025

 

 

December 31, 2024

 

 

 

(In Thousands)

 

Accrued interest receivable

 

$

13,728

 

 

$

12,879

 

Net deferred tax asset

 

 

12,536

 

 

 

12,599

 

Investment in historic development entities

 

 

2,265

 

 

 

4,133

 

Investment in low-income housing development entities

 

 

48,800

 

 

 

40,259

 

Investment in limited partnerships

 

 

16,871

 

 

 

14,680

 

Prepaid expenses

 

 

5,772

 

 

 

4,221

 

Other assets

 

 

9,033

 

 

 

10,288

 

Total accrued interest receivable and other assets

 

$

109,005

 

 

$

99,059

 

 

For the nine months ended September 30, 2025 and 2024, the Corporation amortized tax credit investments of $4.1 million and $3.9 million, respectively, and recognized tax credits and other benefits for the nine months ended September 30, 2025 and 2024 of $5.3 million and $5.0 million, respectively, within the income tax expense line on the unaudited Consolidated Statements of Income.