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Tax Credit Investments (Tables)
6 Months Ended
Jun. 30, 2025
Tax Credit Investments [Abstract]  
Summary Of Affordable Housing Investments

The following table summarizes the Company’s tax credit investments as of June 30, 2025 and December 31, 2024.

 

 

 

June 30, 2025

 

 

December 31, 2024

 

Investment Type

 

Investment

 

 

Unfunded
Commitment

 

 

Investment

 

 

Unfunded
Commitment

 

Low Income Housing Tax Credit (LIHTC)

 

$

 

20,255

 

 

$

 

9,987

 

 

$

 

20,139

 

 

$

 

10,767

 

Historic Tax Credit (HTC)

 

 

 

1,743

 

 

 

 

1,573

 

 

 

 

1,953

 

 

 

 

1,573

 

Total

 

$

 

21,998

 

 

$

 

11,560

 

 

$

 

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 and six months ended June 30, 2025 and 2024, respectively:

 

 

 

Three months ended June 30,

 

 

For the six months ended June 30,

 

Amortization expense

 

2025

 

 

2024

 

 

2025

 

 

2024

 

LIHTC

 

$

 

442

 

 

$

 

354

 

 

$

 

884

 

 

$

 

707

 

HTC

 

 

 

(30

)

 

 

 

 

 

 

 

210

 

 

 

 

 

Total

 

$

 

412

 

 

$

 

354

 

 

$

 

1,094

 

 

$

 

707

 

Tax credits recognized:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LIHTC

 

$

 

448

 

 

$

 

355

 

 

$

 

896

 

 

$

 

710

 

HTC

 

 

 

256

 

 

 

 

 

 

 

 

256

 

 

 

 

-

 

Total

 

$

 

704

 

 

$

 

355

 

 

$

 

1,152

 

 

$

 

710