INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Tables)

9 Months Ended

Sep. 30, 2020

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

Schedule of investment in unconsolidated subsidiaries

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


(dollars in thousands)	September 30, 2020		December 31, 2019
Investments in low income housing tax credit partnerships	$	28,437	$	15,322
Investments in common securities of statutory trusts	1,547		1,547
Investments in affiliates	201		192
Other	54		54
Total	$	30,239	$	17,115

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, 2020 and September 30, 2019:


(dollars in thousands)	Three Months Ended September 30, 2020		Three Months Ended September 30, 2019		Nine Months Ended September 30, 2020		Nine Months Ended September 30, 2019
Proportional amortization method:
Amortization expense recognized in income tax expense	$	348	$	259	$	1,044	$	776
Tax credits recognized in income tax expense	399		307		1,199		922

Other Commitments

The expected payments for the unfunded commitments as of September 30, 2020 for the remainder of fiscal year 2020, the next five succeeding fiscal years and all years thereafter are as follows:


(dollars in thousands)
Year Ending December 31,
2020 (remainder)	$	12,853
2021	1,494
2022	8,253
2023	10
2024	26
2025	6
Thereafter	43
Total unfunded commitments	$	22,685