INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023		December 31, 2022
Investments in low income housing tax credit partnerships, net of amortization	$	40,225	$	40,939
Investments in common securities of statutory trusts	1,547		1,547
Investments in affiliates	136		110
Other	4,045		4,045
Total	$	45,953	$	46,641

The following table presents amortization and tax credits recognized associated with our investments in LIHTC partnerships for the three months ended March 31, 2023 and March 31, 2022:


	Three Months Ended March 31,
(dollars in thousands)	2023		2022
Proportional amortization method:
Amortization expense recognized in income tax expense	$	714	$	607
Tax credits recognized in income tax expense	892		709

Other Commitments

The expected payments for the unfunded commitments of LIHTC and other partnerships as of March 31, 2023 for the remainder of fiscal year 2023, the next five succeeding fiscal years, and all years thereafter are as follows:


(dollars in thousands)
Year Ending December 31,	LIHTC		Other		Total
2023 (remainder)	$	9,693	$	1,123	$	10,816
2024	9,280		—		9,280
2025	4,248		—		4,248
2026	26		—		26
2027	26		—		26
2028	20		—		20
Thereafter	313		—		313
Total unfunded commitments	$	23,606	$	1,123	$	24,729