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Tax Credit Investments (Tables)

3 Months Ended

Mar. 31, 2024

Tax Credit Investments

Schedule of tax credits


				March 31, 2024						December 31, 2023
(dollars in thousands)				Investment			Unfunded Commitment			Investment			Unfunded Commitment
Investment		Accounting Method
Low income housing tax credit		Proportional amortization		$	17,906		$	7,466		$	17,906		$	12,347
Total				$	17,906		$	7,466		$	17,906		$	12,347

Summary of amortization expense and tax benefit


		Three months ended March 31,
		2024						2023
		Amortization			Tax Benefit			Amortization			Tax Benefit
(dollars in thousands)		Expense ⁽¹⁾			Recognized ⁽²⁾			Expense ⁽¹⁾			Recognized ⁽²⁾
Low income housing tax credit		$	432		$	(381)		$	360		$	(227)
Total		$	432		$	(381)		$	360		$	(227)

(1)	The amortization expense for low income housing tax credits were included in the income tax expense.

(2)	All of the tax benefits recognized were included in income tax expense.