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LOW-INCOME HOUSING TAX CREDIT INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2026

LOW-INCOME HOUSING TAX CREDIT INVESTMENTS

Schedule of low-income housing investments and obligations


(in thousands)			March 31, 2026						December 31, 2025
							Unfunded						Unfunded
Investment	Accounting Method			Investments			Obligations (2)			Investments			Obligations (1)
Low-income housing tax credit - Gross	Proportional amortization		$	106,298		$	32,914		$	96,236		$	42,976
Life-to-date amortization				(33,207)			NA			(30,262)			NA
Low-income housing tax credit - Net			$	73,091		$	32,914		$	65,974		$	42,976

(1)	All obligations will be paid by the Company by December 31, 2039.

(2)	All obligations will be paid by the Company by December 31, 2040.

Schedule of amortization expense and tax credits recognized for low-income housing tax investments


			Three Months Ended March 31,
(in thousands)				2026			2025

Amortization expense			$	2,945		$	2,305
Tax credits recognized				(3,632)			(3,175)