Tax Credit Investments (Tables)

6 Months Ended

Jun. 30, 2019

Income Tax Disclosure [Abstract]

Summary Of Affordable Housing Tax Credit Investments And Other Credit Investments

The following table presents the balances of the Corporation's TCIs and related unfunded commitments:

		June 30,		December 31,
		2019		2018
Included in other assets:		(in thousands)
Affordable housing tax credit investment, net		$	161,986	$	170,401
Other tax credit investments, net		72,786		72,584
	Total TCIs, net	$	234,772	$	242,985
Included in other liabilities:
Unfunded affordable housing tax credit commitments		$	18,542	$	23,196
Other tax credit investment liabilities		61,483		59,823
	Total unfunded tax credit investment commitments and liabilities	$	80,025	$	83,019

The following table presents other information relating to the Corporation's TCIs:

		Three Months Ended						Six Months Ended
		June 30						June 30
		2019			2018			2019			2018
Components of income taxes:		(in thousands)
Affordable housing tax credits and other tax benefits		$	(7,575	)	$	(7,543	)	$	(15,150	)	$	(15,087	)
Other tax credit investment credits and tax benefits		(1,135		)	(1,597		)	(2,271		)	(3,193		)
Amortization of affordable housing investments, net of tax benefit		5,494			5,319			10,989			10,917
Deferred tax expense		239			336			477			671
	Total reduction in income tax expense	$	(2,977	)	$	(3,485	)	$	(5,955	)	$	(6,692	)
Amortization of TCIs:
Affordable housing tax credits investment		$	823		$	839		$	1,645		$	1,678
Other tax credit investment amortization		669			798			1,338			1,596
	Total amortization of TCIs	$	1,492		$	1,637		$	2,983		$	3,274