Affordable Housing Projects Tax Credit Partnerships (Tables)

9 Months Ended

Sep. 30, 2021

Equity Method Investments And Joint Ventures [Abstract]

Expected Payments for Unfunded Affordable Housing Commitments

As of September 30, 2021, the expected payments for unfunded affordable housing commitments were as follows:

(dollars in thousands)	Amount
2021	$	12,710
2022		6,757
2023		19,025
2024		173
2025		56
Thereafter		3,424
Total Unfunded Commitments	$	42,145

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, 2021, and September 30, 2020.

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in thousands)	2021		2020		2021		2020
Effective Yield Method
Tax credits and other tax benefits recognized	$	2,151	$	2,938	$	6,453	$	8,814
Amortization Expense in Provision for Income Taxes		1,670		2,347		5,032		7,042
Proportional Amortization Method
Tax credits and other tax benefits recognized	$	2,708	$	1,794	$	8,178	$	4,839
Amortization Expense in Provision for Income Taxes		2,332		1,345		7,043		3,580