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Investments in Tax Credit Structures (Tables)

12 Months Ended

Dec. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Investments in Tax Credit Structures

The following table presents the investments and unfunded commitment of the Company’s investments in tax credit structures at December 31, 2024 and 2023:


	December 31, 2024				December 31, 2023
	Assets		Unfunded Commitments		Assets		Unfunded Commitments
			(Dollars in thousands)
PAM:
Investments in solar tax credit	$	3,425	$	2,758	$	—	$	—
Equity method:
Investments in affordable housing partnerships	32,354		11,283		54,474		21,017
Total	$	35,779	$	14,041	$	54,474	$	21,017

The following table presents additional information related to tax credit and benefits and amortization recorded for the years ended December 31, 2024, 2023, and 2022.


	Year Ended December 31,
	2024		2023		2022
	(Dollars in thousands)
Tax credits and benefits:
PAM
Investments in solar tax credit	$	18,211	$	—	$	—
Equity method
Investments in affordable housing partnerships	11,067		11,271		11,197
Total	$	29,278	$	11,271	$	11,197

Amortization:
PAM
Investments in solar tax credit	$	16,575	$	—	$	—
Equity method
Investments in affordable housing partnerships	9,051		8,195		8,742
Total	$	25,626	$	8,195	$	8,742