INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES

9 Months Ended

Sep. 30, 2015

Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES

The components of the Company’s investments in unconsolidated subsidiaries were as follows:



(dollars in thousands)	September 30, 2015		December 31, 2014
Investments in low income housing tax credit partnerships	$	2,958	$	3,781
Trust preferred investments	2,792		2,792
Investments in affiliates	623		557
Other	116		116
	$	6,489	$	7,246

Investments in low income housing tax credit (“LIHTC”) partnerships are accounted for using the cost method. For the three and nine months ended September 30, 2015, the Company recognized amortization expense in pre-tax income of $0.3 million and $0.8 million, respectively. For the three and nine months ended September 30, 2014 the Company recognized amortization expense in pre-tax income of $0.3 million and $1.1 million, respectively.

For the three and nine months ended September 30, 2015, the Company recognized $0.3 million and $0.9 million in tax credits associated with our investments in LIHTC partnerships, respectively. For the three and nine months ended September 30, 2014, the Company recognized $0.4 million and $1.2 million in tax credits associated with our investments in LIHTC partnerships, respectively.