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Affordable Housing Projects Tax Credit Partnerships (Tables)

3 Months Ended

Mar. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

Expected Payments for Unfunded Affordable Housing Commitments

As of March 31, 2024, the expected payments for unfunded affordable housing commitments were as follows:


(dollars in thousands)		Amount
2024		$	19,155
2025			49,584
2026			288
2027			476
2028			202
Thereafter			23,219
Total Unfunded Commitments		$	92,924

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 months ended March 31, 2024, and March 31, 2023.


		Three Months Ended March 31,
(dollars in thousands)		2024				2023
Effective Yield Method
Tax Credits and Other Tax Benefits Recognized		$	1,137			$	1,457
Amortization Expense in Provision for Income Taxes			1,119				1,106
Proportional Amortization Method
Tax Credits and Other Tax Benefits Recognized		$	6,210			$	5,438
Amortization Expense in Provision for Income Taxes			5,348				4,940