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Affordable Housing Projects Tax Credit Partnerships (Tables)

12 Months Ended

Dec. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

Expected Payments for Unfunded Affordable Housing Commitments

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


(dollars in thousands)		Amount
2025		$	47,000
2026			55,801
2027			1,782
2028			256
2029			222
Thereafter			13,907
Total Unfunded Commitments		$	118,968

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 years ended December 31, 2024, 2023 and 2022.


(dollars in thousands)		2024				2023				2022
Effective Yield Method
Tax Credits and Other Tax Benefits Recognized		$	4,548			$	5,830			$	6,116
Amortization Expense in Provision for Income Taxes			4,477				5,331				5,185

Proportional Amortization Method
Tax Credits and Other Tax Benefits Recognized		$	27,255			$	19,429			$	15,174
Amortization Expense in Provision for Income Taxes			24,539				16,840				13,131