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

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

 

 

 

September 30, 2025

 

 

December 31, 2024

 

Investment Type

 

Investment

 

 

Unfunded
Commitment

 

 

Investment

 

 

Unfunded
Commitment

 

Low Income Housing Tax Credit (LIHTC)

 

$

 

24,813

 

 

$

 

13,810

 

 

$

 

20,139

 

 

$

 

10,767

 

Historic Tax Credit (HTC)

 

 

 

1,638

 

 

 

 

1,573

 

 

 

 

1,953

 

 

 

 

1,573

 

Total

 

$

 

26,451

 

 

$

 

15,383

 

 

$

 

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 nine months ended September 30, 2025 and 2024, respectively:

 

 

 

Three months ended September 30,

 

 

For the nine months ended September 30,

 

Amortization expense

 

2025

 

 

2024

 

 

2025

 

 

2024

 

LIHTC

 

$

 

442

 

 

$

 

353

 

 

$

 

1,326

 

 

$

 

1,060

 

HTC

 

 

 

105

 

 

 

 

 

 

 

 

315

 

 

 

 

 

Total

 

$

 

547

 

 

$

 

353

 

 

$

 

1,641

 

 

$

 

1,060

 

Tax credits recognized:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LIHTC

 

$

 

448

 

 

$

 

355

 

 

$

 

1,344

 

 

$

 

1,065

 

HTC

 

 

 

128

 

 

 

 

 

 

 

 

384

 

 

 

 

-

 

Total

 

$

 

576

 

 

$

 

355

 

 

$

 

1,728

 

 

$

 

1,065