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INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Tables) | 12 Months Ended
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Dec. 31, 2023
Investments in and Advances to Affiliates, Schedule of Investments [Abstract] |
Schedule of Investments in and Advances to Affiliates, Schedule of Investments | Investments in unconsolidated entities consisted of the following components as of December 31, 2023 and 2022:
| December 31,
(Dollars in thousands) | 2023 |  | 2022
Investments in low income housing tax credit partnerships | $ | 37,838 |  |  | $ | 40,939 |
Investments in common securities of statutory trusts | 1,547 |  |  | 1,547 |
Investments in affiliates | 111 |  |  | 110 |
Other | 2,050 |  |  | 4,045 |
Total | $ | 41,546 |  |  | $ | 46,641 |
The following table presents amortization expense and tax credits recognized associated with our investments in LIHTC partnerships for the periods presented:
| Year Ended December 31,
(Dollars in thousands) | 2023 |  | 2022 |  | 2021
Proportional amortization method: |  |  |  |  |
Amortization expense recognized in income tax expense | $ | 3,101 |  |  | $ | 2,566 |  |  | $ | 2,174 |
Federal and state tax credits recognized in income tax expense | 3,400 |  |  | 2,938 |  |  | 2,373 |
Future Commitments | The expected payments for the unfunded commitments related to the Company's investments in unconsolidated entities as of December 31, 2023 are as follows:
(Dollars in thousands) | LIHTC |  | Other |  |
Year Ending December 31: | Partnerships |  | Partnerships |  | Total
2024 | $ | 17,418 |  |  | $ | 983 |  |  | $ | 18,401 |
2025 | 4,248 |  |  | — |  |  | 4,248 |
2026 | 26 |  |  | — |  |  | 26 |
2027 | 26 |  |  | — |  |  | 26 |
2028 | 20 |  |  | — |  |  | 20 |
Thereafter | 303 |  |  | — |  |  | 303 |
Total commitments | $ | 22,041 |  |  | $ | 983 |  |  | $ | 23,024 |

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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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