Affordable Housing Projects Tax Credit Partnerships (Tables)

9 Months Ended

Sep. 30, 2024

Equity Method Investments and Joint Ventures [Abstract]

Expected Payments for Unfunded Affordable Housing Commitments

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

(dollars in thousands)	Amount
2024	$	4,932
2025		57,205
2026		17,214
2027		765
2028		230
Thereafter		25,019
Total Unfunded Commitments	$	105,365

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 nine months ended September 30, 2024 and 2023.

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in thousands)	2024		2023		2024		2023
Effective Yield Method
Tax Credits and Other Tax Benefits Recognized	$	1,137	$	1,457	$	3,411	$	4,372
Amortization Expense in Provision for Income Taxes		1,119		1,333		3,358		3,998
Proportional Amortization Method
Tax Credits and Other Tax Benefits Recognized	$	6,210	$	3,696	$	18,631	$	14,572
Amortization Expense in Provision for Income Taxes		5,348		3,203		16,044		12,630