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LOW INCOME HOUSING TAX CREDIT ("LIHTC") INVESTMENTS
 6 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
LOW INCOME HOUSING TAX CREDIT ("LIHTC") INVESTMENTS LIHTC") INVESTMENTS:
The Company has LIHTC investments that are designed to promote qualified affordable housing programs and generate a return primarily through the realization of federal tax credits. The Company accounts for these investments by amortizing the cost of tax credit investments over the life of the investment using a proportional amortization method. The current balances of these investments, which are included in other assets in the consolidated balance sheets, were $34.5 million and $37.3 million as of June 30, 2025 and December 31, 2024, respectively.

The following table presents other information related to the Company’s LIHTC investments for the periods indicated:

Quarter Ended June 30,Six Months Ended June 30,
(in thousands)2025202420252024
Tax credits and other tax benefits recognized$1,126 $1,019 $2,823 $2,687 
LIHTC amortization expense1,405 1,367 2,810 2,734