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Affordable Housing Projects Tax Credit Partnerships (Tables)

9 Months Ended

Sep. 30, 2023

Equity Method Investments and Joint Ventures [Abstract]

Expected Payments for Unfunded Affordable Housing Commitments

As of September 30, 2023, the expected payments for unfunded affordable housing commitments were as follows:


(dollars in thousands)		Amount
2023		$	15,708
2024			24,749
2025			32,334
2026			258
2027			154
Thereafter			12,829
Total Unfunded Commitments		$	86,032

Schedule of Tax Credits and Other Tax Benefits Recognized and Amortization Expense Related to Affordable Housing

The following table presents tax credits and other tax benefits recognized and amortization expense related to affordable housing for the three and nine months ended September 30, 2023, and September 30, 2022.


		Three Months Ended September 30,								Nine Months Ended September 30,
(dollars in thousands)		2023				2022				2023				2022
Effective Yield Method
Tax Credits and Other Tax Benefits Recognized		$	1,457			$	1,520			$	4,372			$	4,586
Amortization Expense in Provision for Income Taxes			1,333				1,296				3,998				3,889
Proportional Amortization Method
Tax Credits and Other Tax Benefits Recognized		$	3,696			$	3,802			$	14,572			$	11,381
Amortization Expense in Provision for Income Taxes			3,203				3,331				12,630				9,860