INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES

3 Months Ended

Mar. 31, 2017

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

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES

7. INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES

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



(dollars in thousands)	March 31, 2017		December 31, 2016
Investments in low income housing tax credit partnerships	$	3,120	$	3,353
Trust preferred investments	2,792		2,792
Investments in affiliates	313		690
Other	54		54
Total	$	6,279	$	6,889

The Company had $1.7 million in unfunded low income housing commitments as of March 31, 2017 and December 31, 2016, of which $1.0 million is expected to be paid in 2018 and $0.7 million is expected to be paid in 2019.

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 three months ended March 31, 2017 and March 31, 2016:



(dollars in thousands)	Three Months Ended March 31, 2017		Three Months Ended March 31, 2016
Cost method:
Amortization expense recognized in other operating expense	$	233	$	257
Tax credits recognized in income tax expense	266		293