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Tax Credit Investments (Tables)

3 Months Ended

Mar. 31, 2025

Tax Credit Investments [Abstract]

Summary Of Affordable Housing Investments

The following table summarizes the Company’s tax credit investments as of March 31, 2025 and December 31, 2024.

	March 31, 2025										December 31, 2024
Investment Type	Investment					Unfunded Commitment					Investment					Unfunded Commitment
Low Income Housing Tax Credit (LIHTC)	$		20,139			$		9,814			$		20,139			$		10,767
Historic Tax Credit (HTC)			1,953					1,573					1,953					1,573
Total	$		22,092			$		11,387			$		22,092			$		12,340

The following table summarizes the amortization expense and tax credits recognized for the Company’s tax credit investments for the three months ended March 31, 2025 and 2024, respectively:

	Three months ended March 31,
Amortization expense	2025					2024
LIHTC	$		442			$		353
HTC			240					—
Total	$		682			$		353
Tax credits recognized:
LIHTC	$		448			$		355
HTC			—					—
Total	$		448			$		355

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- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

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- References

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