INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES

9 Months Ended

Sep. 30, 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)	September 30, 2017		December 31, 2016
Investments in low income housing tax credit partnerships	$	3,726	$	3,353
Trust preferred investments	2,792		2,792
Investments in affiliates	529		690
Other	54		54
Total	$	7,101	$	6,889

The Company had $2.7 million in unfunded low income housing commitments as of September 30, 2017 compared to $1.7 million at December 31, 2016. The Company expects to fund $0.1 million in the fourth quarter of 2017, $1.9 million in 2018, and $0.7 million 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 and nine months ended September 30, 2017 and September 30, 2016:



(dollars in thousands)	Three Months Ended September 30, 2017		Three Months Ended September 30, 2016		Nine Months Ended September 30, 2017		Nine Months Ended September 30, 2016
Cost method:
Amortization expense recognized in other operating expense	$	174	$	259	$	630	$	774
Tax credits recognized in income tax expense	218		292		744		877