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 the proportional amortization method. At

September 30, 2025 and December 31, 2024, the balance of LIHTC investments, which is included in interest receivable

and other assets on the consolidated balance sheets, was $45.4 million and $14.6 million, respectively. Remaining

unfunded commitments related to the investments in qualified affordable housing projects totaled $1.1 million as of both

September 30, 2025 and December 31, 2024. The Company expects to fulfill these commitments through 2032.

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


	Quarter Ended September 30,		Nine Months Ended September 30,
(in thousands)	2025	2024	2025	2024

Tax credits and other tax benefits recognized	$1,012	$869	$2,669	$2,608
LIHTC amortization expense	1,294	858	2,945	2,554

The Company also has a portfolio of CRA Investments. The majority of the CRA investments represent investments in

small to mid-sized businesses throughout California. At September 30, 2025 and December 31, 2024, the balance of CRA

investments, which is included in interest receivable and other assets on the consolidated balance sheets, was $77.9 million

and $55.9 million, respectively. The Company recognized dividend income on CRA investments of $2.3 million, $1.6

million, $3.3 million and $2.4 million for the quarter and nine months ended September 30, 2025 and 2024, respectively,

which are included within other interest income in the consolidated income statements.