INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES

9 Months Ended

Sep. 30, 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)	September 30, 2021		December 31, 2020
Investments in low income housing tax credit partnerships	$	26,588	$	28,090
Investments in common securities of statutory trusts	1,547		1,547
Investments in affiliates	208		277
Other	2,054		54
Total	$	30,397	$	29,968

The Company invests in low-income housing tax credit ("LIHTC") and other partnerships. As of September 30, 2021 and December 31, 2020, the Company had $14.3 million and $17.2 million, respectively, in unfunded commitments related to the LIHTC partnerships, and unfunded commitments related to other partnerships of $1.8 million and none, respectively. The expected payments for the unfunded commitments as of September 30, 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)	$	6,062	$	1,753	$	7,815
2022	8,128		—		8,128
2023	10		—		10
2024	26		—		26
2025	6		—		6
2026	6		—		6
Thereafter	37		—		37
Total unfunded commitments	$	14,275	$	1,753	$	16,028

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, 2021 and September 30, 2020:


(dollars in thousands)	Three Months Ended September 30, 2021		Three Months Ended September 30, 2020		Nine Months Ended September 30, 2021		Nine Months Ended September 30, 2020
Proportional amortization method:
Amortization expense recognized in income tax expense	$	706	$	348	$	1,520	$	1,044
Tax credits recognized in income tax expense	831		399		1,779		1,199