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Tax Credit Investments
12 Months Ended
Dec. 31, 2023
Tax Credit Investments [Abstract]  
Tax Credit Investments Note 25. Tax Credit Investments

In 2023, the Corporation invested $936 thousand in various solar tax credit limited partnerships or LLCs. These partnerships develop, build and operate solar renewable energy projects. Over the course of these investments, the Corporation expects to receive federal tax credits, tax-related benefits and excess cash distributions, if available. The tax benefits from these investments is generally recognized over six years. During the year ended December 31, 2023, the Corporation recognized federal tax credits of $367 thousand.