INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Tables)

9 Months Ended

Sep. 30, 2016

Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]

Schedule of investment in unconsolidated subsidiaries

The components of the Company’s investments in unconsolidated subsidiaries were as follows:

(dollars in thousands)	September 30, 2016		December 31, 2015
Investments in low income housing tax credit partnerships	$	3,625	$	2,699
Trust preferred investments	2,792		2,792
Investments in affiliates	540		612
Other	54		54
Total	$	7,011	$	6,157

The following table presents amortization and tax credits recognized associated with our investments in LIHTC partnerships for the three and nine months ended September 30, 2016 and September 30, 2015:

(dollars in thousands)	Three Months Ended September 30, 2016		Three Months Ended September 30, 2015		Nine Months Ended September 30, 2016		Nine Months Ended September 30, 2015
Cost method:
Amortization expense recognized in other operating expense	$	259	$	258	$	774	$	820
Tax credits recognized in income tax expense	292		293		877		933