AFFORDABLE HOUSING PROJECTS TAX CREDIT PARTNERSHIPS (Tables)

12 Months Ended

Dec. 31, 2023

AFFORDABLE HOUSING PROJECTS TAX CREDIT PARTNERSHIPS [Abstract]

Expected Payments for Unfunded Affordable Housing Commitments

As of December 31, 2023, the expected payments for unfunded affordable housing commitments were as follows (dollars in thousands):

2024	$	4,063
2025		2,169
2026		124
2027		19
2028		19
Thereafter		136
	$	6,530

Tax Credits and Other Tax Benefits Recognized and Amortization Expense

The following table presents tax credits and other tax benefits recognized and amortization expense related to affordable housing for the years ended December 31, 2023, December 31, 2022, and December 31, 2021 (dollars in thousands).

	2023		2022		2021
Effective Yield Method
Tax credits and other tax benefits recognized	$	-	$	141	$	141
Amortization Expense in other expense		-		108		108
Proportional Amortization Method
Tax credits and other tax benefits recognized		948		-		-
Amortization Expense in Provision for Income Taxes		762		-		-