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Qualified Affordable Housing Project Investments
3 Months Ended
Mar. 31, 2021
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, 2021 and December 31, 2020, the balance of the investment for qualified affordable housing projects was $5,764 and $5,967, 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 $5,944 and $5,944 at March 31, 2021 and December 31, 2020, respectively.

During the three months ended March 31, 2021 and 2020, the Company recognized amortization expense with respect to its investments in qualified affordable housing projects of $203 and $169, respectively, offset by tax credits and other benefits from its investment in affordable housing tax credits of $338 and $283, respectively. During the three months ended March 31, 2021, the Company did not incur any impairment losses related to its investments in qualified affordable housing projects.