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INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Tables)

3 Months Ended

Mar. 31, 2022

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 entities were as follows:


(dollars in thousands)	March 31, 2022		December 31, 2021
Investments in low income housing tax credit partnerships, net of amortization	$	25,309	$	25,916
Investments in common securities of statutory trusts	1,547		1,547
Investments in affiliates	187		162
Other	4,049		2,054
Total	$	31,092	$	29,679

The following table presents amortization and tax credits recognized associated with our investments in LIHTC partnerships for the three months ended March 31, 2022 and March 31, 2021:


(dollars in thousands)	Three Months Ended March 31, 2022		Three Months Ended March 31, 2021
Proportional amortization method:
Amortization expense recognized in income tax expense	$	607	$	407
Tax credits recognized in income tax expense	709		474

Other Commitments

The expected payments for the unfunded commitments as of March 31, 2022 for the remainder of fiscal year 2022, 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
2022 (remainder)	$	6,071	$	1,653	$	7,724
2023	8,128		—		8,128
2024	26		—		26
2025	6		—		6
2026	6		—		6
2027	6		—		6
Thereafter	32		—		32
Total unfunded commitments	$	14,275	$	1,653	$	15,928