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Qualified Affordable Housing Project Investments
3 Months Ended
Mar. 31, 2025
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, 2025 and December 31, 2024, the balance of the Company's investments in qualified affordable housing projects was $15,500 and $15,850, respectively. These balances are reflected in the Other assets line on the Consolidated Balance Sheets. The unfunded commitments related to the investments in qualified affordable housing projects totaled $4,753 and $5,668 at March 31, 2025 and December 31, 2024, respectively. These balances are reflected in the Accrued expenses and other liabilities line on the Consolidated Balance Sheets.

During the three months ended March 31, 2025 and 2024, the Company recognized amortization expense with respect to its investments in qualified affordable housing projects of $350 and $304, respectively, offset by tax credits and other benefits from its investments in affordable housing tax credits of $416 and $390, respectively. During the three months ended March 31, 2025 and 2024, the Company did not incur any impairment losses related to its investments in qualified affordable housing projects.