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QUALIFIED AFFORDABLE HOUSING INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2024 and 2023:

						2024												2023
Investment Type						Investment						Unfunded Commitment						Investment						Unfunded Commitment
LIHTC						$	167,685					$	132,226					$	114,514					$	96,408

The following table summarizes the amortization expense and tax credits recognized for the Corporation’s affordable housing investments for the years ended December 31, 2024, 2023 and 2022:

						2024						2023						2022
Amortization expense						$	12,040					$	6,324					$	812
Tax credits recognized						11,782						5,327						1,055

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- References

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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

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