QUALIFIED AFFORDABLE HOUSING INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2023

Equity Method Investments and Joint Ventures [Abstract]

Summary of Affordable Housing Investments

The following table summarizes the Corporation’s affordable housing investments as of December 31, 2023 and 2022:

	2023				2022
Investment Type	Investment		Unfunded Commitment		Investment		Unfunded Commitment
LIHTC	$	114,514	$	96,408	$	76,686	$	63,893

The following table summarizes the amortization expense and tax credits recognized for the Corporation’s affordable housing investments for the years ended December 31, 2023, 2022 and 2021:

	2023		2022		2021
Amortization expense	$	6,324	$	812	$	658
Tax credits recognized	5,327		1,055		874