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AFFORDABLE HOUSING TAX CREDIT LIMITED PARTNERSHIP (Tables) | 12 Months Ended
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Dec. 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 investment and related unfunded commitment at December 31 (in thousands):
| 2022 |  | 2021
Affordable housing tax credit investment | $ | 16,950 |  |  | 14,950 |
Less amortization | 3,268 |  |  | 2,126 |
Net affordable housing tax credit investment | $ | 13,682 |  |  | 12,824 |
Unfunded commitment | $ | 7,185 |  |  | 8,655 |
The net affordable housing tax credit investment is included in other assets and the unfunded commitment is included in accrued interest and other liabilities in the Consolidated Balance Sheets. LCNB expects to fund the unfunded commitment over ten years. The following table presents other information relating to LCNB's affordable housing tax credit investment for the years indicated (in thousands):
| Year ended December 31,
| 2022 |  | 2021 |  | 2020
Tax credits and other tax benefits recognized | $ | 1,394 |  |  | 995 |  |  | 612 |
Tax credit amortization expense included in provision for income taxes | 1,142 |  |  | 806 |  |  | 510 |

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