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Investments is Low Income Housing Tax Credits Investments in Low Income Housing Tax Credits | 6 Months Ended
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Jun. 30, 2021
Equity Method Investments and Joint Ventures [Abstract] |
Investments in Low Income Housing Projects [Text Block] | LOW INCOME HOUSING PROJECT INVESTMENTS The Company has invested in low income housing projects that generate Low Income Housing Tax Credits (“LIHTC”) which provide the Company with tax credits and operating loss tax benefits over a period of approximately 15 years. None of the original investment is expected to be repaid. The following table presents certain information related to the Company's investments in low income housing projects as of the dates indicated:
| June 30 2021 |  | December 31 2020
| (Dollars in thousands)
Original investment value | $ | 162,984 |  |  | $ | 128,752 |
Current recorded investment | 125,066 |  |  | 97,435 |
Unfunded liability obligation | 74,262 |  |  | 49,586 |
Tax credits and benefits | 14,477 |  | (1) | 9,404 |
Amortization of investments | 12,526 |  | (1) | 7,552 |
Net income tax benefit | 1,951 |  | (1) | 1,851 |
(1) Amounts shown represent the full year impact for the year ended December 31, 2021.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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