INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES

3 Months Ended

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