Tax Equity Investments (Tables)

3 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Estimates for Unfunded Affordable Housing Commitments

As of March 31, 2024, the Company’s unfunded commitments associated with tax equity investments, which comprise of investments in affordable housing partnerships, were estimated to be paid as follows:

(Dollars in thousands)	Amount
Year Ending December 31,
2024	$	10,085
2025	11,477
2026	4,297
2027	2,360
2028	419
Thereafter	2,509
Total unfunded commitments	$	31,147

The following table presents income tax credits and other income tax benefits, as well as amortization expense, associated with investments in qualified affordable housing partnerships where the proportional amortization method of accounting has been applied for the periods indicated.

	Three Months Ended
	March 31,		March 31,
(Dollars in thousands)	2024		2023
Tax credit and other tax benefits recognized (1)	$	4,217	$	3,776
Amortization of investments (1)	3,475		3,050

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(1) Amounts for income tax credits and other income tax benefits, as well as amortization of investments, are included in income tax expense in the consolidated statements of income, and change in accrued interest receivable and other assets, net line item on the consolidated statements of cash flows, for the periods presented above.