INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES

12 Months Ended

Dec. 31, 2016

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES

8. INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES

Investments in unconsolidated subsidiaries as of December 31, 2016 and 2015 consisted of the following components:



	December 31,
	2016		2015
	(Dollars in thousands)
Investments in low income housing tax credit partnerships	$	3,353	$	2,699
Trust preferred investments	2,792		2,792
Investments in affiliates	690		612
Other	54		54
Total	$	6,889	$	6,157

The Company had $1.7 million in unfunded low income housing commitments as of December 31, 2016. The entire amount is expected to be paid in 2018. The Company did not have any unfunded low income housing commitments as of December 31, 2015.

Investments in low income housing tax credit ("LIHTC") partnerships are accounted for using the cost method. The following table presents amortization and tax credits recognized associated with our investments in LIHTC partnerships for the periods presented:



	Year Ended December 31,
	2016		2015		2014
	(Dollars in thousands)
Cost method:
Amortization expense recognized in other operating expense	$	1,045	$	1,078	$	1,363
Federal and state tax credits recognized in income tax expense	1,174		1,225		1,870