Tax Credit Investments (Tables)

6 Months Ended

Jun. 30, 2021

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,
		2021		2020
Included in other assets:		(in thousands)
Affordable housing tax credit investment, net		$	162,431	$	152,203
Other tax credit investments, net		50,577		59,224
	Total TCIs, net	$	213,008	$	211,427
Included in other liabilities:
Unfunded affordable housing tax credit commitments		$	47,354	$	31,562
Other tax credit liabilities		41,217		49,491
	Total unfunded tax credit commitments and liabilities	$	88,571	$	81,053

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

		Three months ended June 30				Six months ended June 30
		2021		2020		2021		2020
Components of income taxes:		(in thousands)
Affordable housing tax credits and other tax benefits		$	(6,543)	$	(7,194)	$	(13,031)	$	(14,388)
Other tax credit investment credits and tax benefits		(722)		(941)		(1,445)		(1,882)
Amortization of affordable housing investments, net of tax benefit		4,323		5,023		8,689		10,047
Deferred tax expense		160		208		320		416
	Total net reduction in income tax expense	$	(2,782)	$	(2,904)	$	(5,467)	$	(5,807)
Amortization of TCIs:
Affordable housing tax credits investment		$	1,018	$	1,022	$	2,004	$	2,044
Other tax credit investment amortization		545		428		1,090		856
	Total amortization of TCIs	$	1,563	$	1,450	$	3,094	$	2,900