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Qualified Affordable Housing Project Investments | 9 Months Ended
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Sep. 30, 2022
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 September 30, 2022 and December 31, 2021, the balance of the investment for qualified affordable housing projects was $12,377 and $13,093, 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 $4,093 and $5,706 at September 30, 2022 and December 31, 2021, respectively. These balances are reflected in the Accrued expenses and other liabilities line on the Consolidated Balance Sheet. During the three months ended September 30, 2022 and 2021, the Company recognized amortization expense with respect to its investments in qualified affordable housing projects of $239 and $203, respectively, offset by tax credits and other benefits from its investment in affordable housing tax credits of $396 and $339, respectively. During the nine months ended September 30, 2022 and 2021, the Company recognized amortization expense with respect to its investments in qualified affordable housing projects of $716 and $608, respectively, offset by tax credits and other benefits from its investment in affordable housing tax credits of $1,181 and $1,015, respectively. During the three- and nine-month periods ended September 30, 2022 and 2021, the Company did not incur any impairment losses related to its investments in qualified affordable housing projects. Other operating expenses and Income tax expense were reclassified for the three- and nine-month periods of September 30, 2021 to reflect the change to proportional amortization method of accounting of $203 and $608, respectively.

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- Definition The entire disclosure for Affordable Housing Program (AHP). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -URI https://asc.fasb.org/topic&trid=2209208 + Details
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- References No definition available. + Details
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