Low Income Housing Tax Credit Partnerships (Tables)

9 Months Ended

Sep. 30, 2019

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

As of September 30, 2019, the expected payments for unfunded affordable housing commitments were as follows:

(dollars in thousands)	Amount
2019	$	2,923
2020	12,370
2021	44
2022	69
2023	45
Thereafter	1,417
Total Unfunded Commitments	$	16,868

The following table presents tax credits and other tax benefits recognized and amortization expense related to affordable housing for the three and nine months ended September 30, 2019 and 2018.

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in thousands)	2019		2018		2019		2018
Effective Yield Method
Tax credits and other tax benefits recognized	$	2,930	$	3,380	$	8,789	$	10,192
Amortization Expense in Provision for Income Taxes	1,891		2,078		5,674		6,233
Proportional Amortization Method
Tax credits and other tax benefits recognized	$	753	$	410	$	2,260	$	1,231
Amortization Expense in Provision for Income Taxes	645		333		1,934		999