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QUALIFIED AFFORDABLE HOUSING INVESTMENTS (Tables) | 9 Months Ended
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Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract] |
Summary of Affordable Housing Investments | The following table summarizes the Corporation’s affordable housing investments as of September 30, 2024 and December 31, 2023:
|  | September 30, 2024 |  | December 31, 2023
Investment Type |  | Investment |  | Unfunded Commitment |  | Investment |  | Unfunded Commitment
LIHTC |  | $ | 149,830 |  |  | $ | 114,756 |  |  | $ | 114,514 |  |  | $ | 96,408 |
The following table summarizes the amortization expense and tax credits recognized for the Corporation’s affordable housing investments for the three and nine months ended September 30, 2024 and 2023, respectively:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Amortization expense |  | $ | 1,695 |  |  | $ | 2,242 |  |  | $ | 5,018 |  |  | $ | 4,080 |
Tax credits recognized |  | 1,644 |  |  | 1,855 |  |  | 4,933 |  |  | 3,472 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
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