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Tax Credit Investments (Tables)

3 Months Ended

Mar. 31, 2021

Income Tax Disclosure [Abstract]

Summary Of Affordable Housing Tax Credit Investments And Other Credit Investments

The following table presents the balances of the Corporation's TCIs and related unfunded commitments:


									March 31,						December 31,
									2021						2020
Included in other assets:									(in thousands)
Affordable housing tax credit investment, net									$	145,888					$	152,203
Other tax credit investments, net									58,782						59,224
			Total TCIs, net						$	204,670					$	211,427
Included in other liabilities:
Unfunded affordable housing tax credit commitments									$	30,762					$	31,562
Other tax credit liabilities									49,491						49,491
			Total unfunded tax credit commitments and liabilities						$	80,253					$	81,053

The following table presents other information relating to the Corporation's TCIs:


									Three months ended
									March 31
									2021						2020
Components of income taxes:									(in thousands)
Affordable housing tax credits and other tax benefits									$	(6,488)					$	(7,194)
Other tax credit investment credits and tax benefits									(723)						(941)
Amortization of affordable housing investments, net of tax benefit									4,366						5,024
Deferred tax expense									160						208
			Total net reduction in income tax expense						$	(2,685)					$	(2,903)
Amortization of TCIs:
Affordable housing tax credits investment									$	986					$	1,022
Other tax credit investment amortization									545						428
			Total amortization of TCIs						$	1,531					$	1,450