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Qualified Affordable Housing Project Investments | 6 Months Ended
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Jun. 30, 2023
Qualified Affordable Housing Project Investments [Abstract] |
Qualified Affordable Housing Project Investments | (17) Qualified Affordable Housing Project Investments The Bank invests in qualified affordable housing projects. At June 30, 2023 and December 31, 2022, the balance of the investment for qualified affordable housing projects was $6.5 million and $7.3 million, respectively. These balances are reflected in the other assets line on the Consolidated Balance Sheets. Under the proportional amortization method, the Company recognized amortization expense of $179,000 and tax credits of $219,000 for the three months ended June 30, 2023, respectively. The Company did no t recognize any amortization expense or tax credits for the three months ended June 30, 2022. The Company recognized amortization expense of $1.4 million and tax credits of $1.7 million for the six months ended June 30, 2023, respectively. The Company did no t recognize any amortization expense or tax credits for the six months ended June 30, 2022.

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