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INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Tables) | 6 Months Ended
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Jun. 30, 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) | June 30, 2023 |  | December 31, 2022
Investments in low income housing tax credit partnerships, net of amortization | $ | 39,511 |  |  | $ | 40,939 |
Investments in common securities of statutory trusts | 1,547 |  |  | 1,547 |
Investments in affiliates | 115 |  |  | 110 |
Other | 4,045 |  |  | 4,045 |
Total | $ | 45,218 |  |  | $ | 46,641 |
The following table presents amortization and tax credits recognized associated with our investments in LIHTC partnerships for the three and six months ended June 30, 2023 and June 30, 2022:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(dollars in thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Proportional amortization method: |  |  |  |  |  |  |
Amortization expense recognized in income tax expense | $ | 714 |  |  | $ | 607 |  |  | $ | 1,428 |  |  | $ | 1,214 |
Tax credits recognized in income tax expense | 892 |  |  | 709 |  |  | 1,784 |  |  | 1,418 |
Other Commitments | The expected payments for the unfunded commitments of LIHTC and other partnerships as of June 30, 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 |  |  | $ | 1,063 |  |  | $ | 10,756 |
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 |  |  | $ | 1,063 |  |  | $ | 24,669 |

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- Definition A tabular presentation of the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates, as prescribed by the SEC. It reflects specified information about ownership, financial results from, and financial position in such entities. Includes the tabular presentations that disaggregate investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. + References No definition available. + Details
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