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INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Tables)
 9 Months Ended
Sep. 30, 2024
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]  
Schedule of investment in unconsolidated subsidiaries
The following table presents the components of the Company's investments in unconsolidated entities as of the dates presented:

(dollars in thousands)September 30, 2024December 31, 2023
Investments in low-income housing tax credit partnerships, net of amortization$51,152 $37,838 
Investments in common securities of statutory trusts1,547 1,547 
Investments in affiliates87 111 
Other2,050 2,050 
Total$54,836 $41,546 
The following table presents amortization and tax credits recognized associated with our investments in LIHTC partnerships for the periods presented:

Three Months Ended September 30,Nine Months Ended September 30,
(dollars in thousands)2024202320242023
Proportional amortization method:
Amortization expense recognized in income tax expense$1,012 $714 $2,372 $2,142 
Tax credits recognized in income tax expense1,155 891 2,756 2,675 
Other Commitments
The following table presents the expected payments for the unfunded commitments of LIHTC and other partnerships as of September 30, 2024, for the remainder of fiscal year 2024, the next five succeeding fiscal years, and all years thereafter:

(dollars in thousands)
Year Ending December 31, LIHTCOtherTotal
2024 (remainder)$1,406 $803 $2,209 
202510,519 — 10,519 
20267,564 — 7,564 
202736 — 36 
202830 — 30 
202936 — 36 
Thereafter386 — 386 
Total unfunded commitments$19,977 $803 $20,780