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Affordable Housing Tax Credit Limited Partnership (Tables)
3 Months Ended
Mar. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Activity in Affordable Housing Program Obligation
The following table presents the balances of LCNB's affordable housing tax credit investments and related unfunded commitments at March 31, 2022 and December 31, 2021 (in thousands):
 March 31,
2022
December 31,
2021
Affordable housing tax credit investment$14,950 14,950 
Less amortization2,423 2,126 
Net affordable housing tax credit investment$12,527 12,824 
Unfunded commitment$7,180 8,655 
The following table presents other information relating to LCNB's affordable housing tax credit investments for the three months ended March 31, 2022 and 2021 (in thousands):
Three Months Ended March 31,
 20222021
Tax credits and other tax benefits recognized$357 260 
Tax credit amortization expense included in provision for income taxes297 217