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OTHER ASSETS

12 Months Ended

Dec. 31, 2023

9. OTHER ASSETS

Other assets included the following amounts at December 31, 2023 and 2022:


	2023		2022

	(Dollars in thousands)
Cash surrender value of life insurance	$	20,568	$	19,884
Amortizable intangible assets, net (See Note 8)		506		739
Investment in real estate		1,909		1,926
Other		1,291		1,278
Total other assets	$	24,274	$	23,827

We have life insurance policies on five current and former executives. Upon death of the insured executives, the approximate benefit we would receive is $21.9 million in aggregate as of December 31, 2023.

On May 1, 2013, we purchased a 50% interest in a building in Montreal, Canada for approximately $3.2 million. The building, which is classified as an investment in real estate in the above table, serves as our Canadian office and distribution center. The purchase was accounted for as an equity-method investment under ASC 323, Investments – Equity Method and Joint Ventures, and continues to be accounted for under the equity method of accounting.