INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Tables)

12 Months Ended

Dec. 31, 2023

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

Schedule of Investments in and Advances to Affiliates, Schedule of Investments

Investments in unconsolidated entities consisted of the following components as of December 31, 2023 and 2022:

	December 31,
(Dollars in thousands)	2023		2022
Investments in low income housing tax credit partnerships	$	37,838	$	40,939
Investments in common securities of statutory trusts	1,547		1,547
Investments in affiliates	111		110
Other	2,050		4,045
Total	$	41,546	$	46,641

The following table presents amortization expense and tax credits recognized associated with our investments in LIHTC partnerships for the periods presented:

	Year Ended December 31,
(Dollars in thousands)	2023		2022		2021
Proportional amortization method:
Amortization expense recognized in income tax expense	$	3,101	$	2,566	$	2,174
Federal and state tax credits recognized in income tax expense	3,400		2,938		2,373

Future Commitments

The expected payments for the unfunded commitments related to the Company's investments in unconsolidated entities as of December 31, 2023 are as follows:

(Dollars in thousands)	LIHTC		Other
Year Ending December 31:	Partnerships		Partnerships		Total
2024	$	17,418	$	983	$	18,401
2025	4,248		—		4,248
2026	26		—		26
2027	26		—		26
2028	20		—		20
Thereafter	303		—		303
Total commitments	$	22,041	$	983	$	23,024