Affordable Housing Projects Tax Credit Partnerships (Tables)

9 Months Ended

Sep. 30, 2020

Equity Method Investments And Joint Ventures [Abstract]

Payments for Unfunded Affordable Housing Commitments

As of September 30, 2020, the expected payments for unfunded affordable housing commitments were as follows:

(dollars in thousands)	Amount
2020	$	12,820
2021		10,283
2022		6,026
2023		6,059
2024		58
Thereafter		3,772
Total Unfunded Commitments	$	39,018

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, 2020, and September 30, 2019.

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in thousands)	2020		2019		2020		2019
Effective Yield Method
Tax credits and other tax benefits recognized	$	2,938	$	2,930	$	8,814	$	8,789
Amortization Expense in Provision for Income Taxes		2,347		1,891		7,042		5,674
Proportional Amortization Method
Tax credits and other tax benefits recognized	$	1,794	$	753	$	4,839	$	2,260
Amortization Expense in Provision for Income Taxes		1,345		645		3,580		1,934