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Qualified Affordable Housing Project Investments | 12 Months Ended
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Dec. 31, 2019
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Qualified Affordable Housing Project Investments | NOTE 21 – QUALIFIED AFFORDABLE HOUSING PROJECT INVESTMENTS The Company began investing in qualified affordable housing projects in 2016. At December 31, 2019 and December 31, 2018, the balance of the investment for qualified affordable housing projects was $8.6 million and $9.5 million, respectively. This balance is reflected in the accrued interest and other assets line on the consolidated balance sheets. Total unfunded commitments related to the investments in qualified affordable housing projects totaled $4.2 million and $6.8 million at December 31, 2019 and December 31, 2018. The Company expects to fulfill these commitments between 2020 and 2027. During the years ending December 31, 2019, 2018 and 2017, the Company recognized amortization expense of $900,000, $644,000 and $316,000, respectively, which was included within income tax expense on the consolidated statements of income. During the years ended December 31, 2019, 2018 and 2017, the Company recognized tax credits from its investment in affordable housing tax credits of $1.1 million, $573,000 and $275,000, respectively. The Company had no impairment losses during the years ended December 31, 2019, 2018 and 2017

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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 http://asc.fasb.org/topic&trid=2209208 + Details
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- References No definition available. + Details
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