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Tax Credit Investments | 12 Months Ended
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Dec. 31, 2022
Tax Credit Investments. |
Tax Credit Investments | NOTE 21 Tax Credit Investments The Company invests in qualified affordable housing projects for the purpose of community reinvestment and obtaining tax credits. The Company’s tax credit investments are limited to existing lending relationships with well-known developers and projects within the Company’s market area. The following table presents a summary of the Company’s investments in qualified affordable housing projects tax credit investments at December 31, 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | December 31, 2022 | ​ | December 31, 2021
(dollars in thousands) |  | ​ | ​ | Investment | ​ | Unfunded Commitment | ​ | Investment | ​ | Unfunded Commitment
Investment | ​ | Accounting Method | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Low income housing tax credit |  | Proportional amortization | ​ | $ | 17,906 |  | $ | 15,559 |  | $ | 7,906 |  | $ | 6,999
Total |  | ​ | ​ | $ | 17,906 |  | $ | 15,559 |  | $ | 7,906 |  | $ | 6,999
​ For the year ended December 31, 2022, we had $264 thousand of amortization expense and $373 thousand of tax benefit recognized for the Company’s qualified affordable housing projects tax credit investments. For the year ended December 31, 2021, we had no amortization expense and $8 thousand of tax benefit recognized for the Company’s qualified affordable housing projects tax credit investments.

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