INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES

12 Months Ended

Dec. 31, 2017

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, 2017 and 2016 consisted of the following components:



	December 31,
	2017		2016
	(Dollars in thousands)
Investments in low income housing tax credit partnerships	$	3,608	$	3,353
Trust preferred investments	2,792		2,792
Investments in affiliates	634		690
Other	54		54
Total	$	7,088	$	6,889

The Company had $2.6 million and $1.7 million in unfunded low income housing commitments as of December 31, 2017 and 2016, respectively. The expected payments for the unfunded low income housing commitments as of December 31, 2017 are as follows (in thousands):



Year Ending December 31:
2018	$	1,881
2019	700
2020	—
2021	—
2022	—
Thereafter	—
Total commitments	$	2,581

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



	Year Ended December 31,
	2017		2016		2015
	(Dollars in thousands)
Cost method:
Amortization expense recognized in other operating expense	$	744	$	1,045	$	1,078
Federal and state tax credits recognized in income tax expense	919		1,174		1,225