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INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES | 3 Months Ended
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Mar. 31, 2021
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract] |
INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES | 6. INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES The components of the Company's investments in unconsolidated subsidiaries were as follows:
(dollars in thousands) | March 31, 2021 |  | December 31, 2020
Investments in low income housing tax credit partnerships | $ | 27,683 |  |  | $ | 28,090 |
Investments in common securities of statutory trusts | 1,547 |  |  | 1,547 |
Investments in affiliates | 203 |  |  | 277 |
Other | 2,054 |  |  | 54 |
Total | $ | 31,487 |  |  | $ | 29,968 |
The Company invests in low-income housing tax credit ("LIHTC") and other partnerships. As of March 31, 2021 and December 31, 2020, the Company had $14.4 million and $17.2 million, respectively, in unfunded commitments related to the LIHTC partnerships and $2.0 million and none, respectively, related to other partnerships. The expected payments for the unfunded commitments as of March 31, 2021 for the remainder of fiscal year 2021, the next five succeeding fiscal years and all years thereafter are as follows:
(dollars in thousands) |  |  |
Year Ending December 31, | LIHTC partnerships | Other partnerships | Total
2021 (remainder) | $ | 8,383 |  | $ | 2,000 |  | $ | 10,383 |
2022 | 5,980 |  | — |  | 5,980 |
2023 | 10 |  | — |  | 10 |
2024 | 26 |  | — |  | 26 |
2025 | 6 |  | — |  | 6 |
2026 | 6 |  | — |  | 6 |
Thereafter | 37 |  | — |  | 37 |
Total unfunded commitments | $ | 14,448 |  | $ | 2,000 |  | $ | 16,448 |
The following table presents amortization and tax credits recognized associated with our investments in LIHTC partnerships for the three months ended March 31, 2021 and March 31, 2020:
(dollars in thousands) | Three Months Ended March 31, 2021 |  | Three Months Ended March 31, 2020 |  |  |  |
Proportional amortization method: |  |  |  |  |  |  |
Amortization expense recognized in income tax expense | $ | 407 |  |  | $ | 348 |  |  |  |  |
Tax credits recognized in income tax expense | 474 |  |  | 400 |  |  |  |  |

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- Definition The entire disclosure for the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. It reflects specified information about ownership, financial results from, and financial position in such entities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 + Details
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