Affordable Housing Tax Credit Limited Partnership (Tables)

3 Months Ended

Mar. 31, 2023

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 investments and related unfunded commitments at March 31, 2023 and December 31, 2022 (in thousands):

	March 31, 2023		December 31, 2022
Affordable housing tax credit investment	$	16,950	16,950
Less amortization	3,625		3,268
Net affordable housing tax credit investment	$	13,325	13,682
Unfunded commitment	$	6,852	7,185

The following table presents other information relating to LCNB's affordable housing tax credit investments for the three months ended March 31, 2023 and 2022 (in thousands):

	Three Months Ended March 31,
	2023		2022
Tax credits and other tax benefits recognized	$	430	357
Tax credit amortization expense included in provision for income taxes	357		297