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Investments in Qualified Affordable Housing Partnerships, Tax Credit and Other Investments, Net and Variable Interest Entities (Tables) | 12 Months Ended
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Dec. 31, 2023
Investments in Qualified Affordable Housing Partnerships, Net [Abstract] |
Schedule of Affordable Housing and Tax Credits and Other Investments and Unfunded Commitments | The following table presents the investments and unfunded commitments of the Company’s qualified affordable housing partnerships, tax credit, and other investments, net as of December 31, 2023 and 2022:
|  | December 31,
|  | 2023 |  | 2022
($ in thousands) |  | Assets |  | Liabilities - Unfunded Commitments (1) |  | Assets |  | Liabilities - Unfunded Commitments (1)
Investments in qualified affordable housing partnerships, net |  | $ | 419,785 |  |  | $ | 251,746 |  |  | $ | 413,253 |  |  | $ | 266,654 |
Investments in tax credit and other investments, net |  | 485,251 |  |  | 298,990 |  |  | 350,003 |  |  | 185,797 |
Total |  | $ | 905,036 |  |  | $ | 550,736 |  |  | $ | 763,256 |  |  | $ | 452,451 |
(1)Included in Accrued expenses and other liabilities on the Consolidated Balance Sheet.
Schedule of Additional Information related to the Investments in Affordable Housing and Tax Credit and Other Investments | The following table presents additional information related to the investments in qualified affordable housing partnerships, tax credit and other investments for the years ended December 31, 2023, 2022 and 2021:
|  | Year Ended December 31, |  |  |
($ in thousands) |  | 2023 |  | 2022 |  | 2021 |  |  |  |  |
Investments in qualified housing partnerships, net |  |  |  |  |  |  |  |  |  |  |
Tax credits and other tax benefits recognized |  | $ | 60,939 |  |  | $ | 52,132 |  |  | $ | 50,643 |  |  |  |  |  |
Amortization expense included in income tax expense |  | $ | 43,041 |  |  | $ | 38,759 |  |  | $ | 33,248 |  |  |  |  |  |
Investments in tax credit and other investments, net |  |  |  |  |  |  |  |  |  |  |
Amortization of tax credit and other investments (1) |  | $ | 120,299 |  |  | $ | 113,358 |  |  | $ | 122,457 |  |  |  |  |  |
Unrealized gains (losses) on equity securities with readily determinable values |  | $ | 255 |  |  | $ | (2,958) |  |  | $ | (746) |  |  |  |  |  |
(1)Includes net impairment recoveries of $1 million, $469 thousand and $1 million for the years ended December 31, 2023, 2022 and 2021, respectively. The activity was primarily related to historic and/or energy tax credits.
Schedule of Unfunded Commitments Related to Investments in Qualified Affordable Housing Partnerships, Tax Credit and Other Investments, Estimated to be Funded | As of December 31, 2023, the Company’s unfunded commitments related to investments in qualified affordable housing partnerships, tax credit and other investments, net are estimated to be funded as follows:
($ in thousands) |  | Amount
2024 |  | $ | 339,628 |
2025 |  | 178,171 |
2026 |  | 17,882 |
2027 |  | 2,527 |
2028 |  | 2,115 |
Thereafter |  | 10,413 |
Total |  | $ | 550,736 |

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