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AFFORDABLE HOUSING TAX CREDIT LIMITED PARTNERSHIP (Tables)
 12 Months Ended
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):
 20222021
Affordable housing tax credit investment$16,950 14,950 
Less amortization3,268 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,
 202220212020
Tax credits and other tax benefits recognized$1,394 995 612 
Tax credit amortization expense included in provision for income taxes1,142 806 510