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Qualified Affordable Housing Project Investments
3 Months Ended
Mar. 31, 2020
Federal Home Loan Banks [Abstract]  
Qualified Affordable Housing Project Investments

(15) Qualified Affordable Housing Project Investments

The Company invests in certain qualified affordable housing projects. At March 31, 2020 and December 31, 2019, the balance of the investment for qualified affordable housing projects was $5,290 and $5,154, respectively. These balances are reflected in the other assets line on the Consolidated Balance Sheet. The unfunded commitments related to the investments in qualified affordable housing projects totaled $5,112 and $5,417 at March 31, 2020 and December 31, 2019, respectively.

During the three months ended March 31, 2020 and 2019, the Company recognized amortization expense with respect to its investments in qualified affordable housing projects of $169 and $133, respectively, offset by tax credits and other benefits from its investment in affordable housing tax credits of $283 and $276, respectively. During the three months ended March 31, 2020, the Company did not incur impairment losses related to its investment in qualified affordable housing projects.