Affordable Housing Projects Tax Credit Partnerships (Tables)

6 Months Ended

Jun. 30, 2024

Equity Method Investments and Joint Ventures [Abstract]

Expected Payments for Unfunded Affordable Housing Commitments

As of June 30, 2024, the expected payments for unfunded affordable housing commitments were as follows:

(dollars in thousands)	Amount
2024	$	7,872
2025		57,182
2026		291
2027		479
2028		204
Thereafter		23,696
Total Unfunded Commitments	$	89,724

Schedule of Tax Credits and Other Tax Benefits Recognized and Amortization Expense Related to Affordable Housing

The following table presents tax credits and other tax benefits recognized and amortization expense related to affordable housing for the three and six months ended June 30, 2024 and June 30, 2023.

	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in thousands)	2024		2023		2024		2023
Effective Yield Method
Tax Credits and Other Tax Benefits Recognized	$	1,137	$	1,457	$	2,274	$	2,915
Amortization Expense in Provision for Income Taxes		1,119		1,333		2,239		2,666
Proportional Amortization Method
Tax Credits and Other Tax Benefits Recognized	$	6,210	$	5,438	$	12,420	$	10,876
Amortization Expense in Provision for Income Taxes		5,348		4,713		10,695		9,426