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Affordable Housing Projects Tax Credit Partnerships (Tables)
9 Months Ended
Sep. 30, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Expected Payments for Unfunded Affordable Housing Commitments
As of September 30, 2025, the expected payments for unfunded affordable housing commitments were as follows:
(dollars in thousands)Amount
2025$22,573 
202653,843 
202711,462 
2028268 
2029234 
Thereafter16,241 
Total Unfunded Commitments$104,621 
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, 2025 and 2024.
Three Months Ended September 30,Nine Months Ended September 30,
(dollars in thousands)2025202420252024
Effective Yield Method
Tax Credits and Other Tax Benefits Recognized$533 $1,137 $1,598 $3,411 
Amortization Expense in Provision for Income Taxes557 1,119 1,671 3,358 
Proportional Amortization Method
Tax Credits and Other Tax Benefits Recognized$8,844 $6,210 $26,532 $18,631 
Amortization Expense in Provision for Income Taxes7,491 5,348 22,473 16,044