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Investment in Qualified Affordable Housing
 6 Months Ended
Jun. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Investment in Qualified Affordable Housing Investment in Qualified Affordable Housing
Park makes certain equity investments in various limited partnerships that sponsor affordable housing projects. The purposes of these investments are to achieve a satisfactory return on capital, help create affordable housing opportunities, and assist the Company to achieve its goals associated with the Community Reinvestment Act.

The table below details the balances of Park’s affordable housing tax credit investments and related unfunded commitments at June 30, 2021 and December 31, 2020.

(in thousands)June 30, 2021December 31, 2020
Affordable housing tax credit investments$62,312 $56,024 
Unfunded commitments33,204 29,298 

Commitments are funded when capital calls are made by the general partner. Park expects that the current commitments will be funded between 2021 and 2031.
Park recognized amortization expense of $1.8 million for each of the three months ended June 30, 2021 and 2020, and recognized $3.7 million during each of the six months ended June 30, 2021 and 2020, which was included within the provision for income taxes. Additionally, during the three months ended June 30, 2021 and 2020, Park recognized tax credits and other benefits from its affordable housing tax credit investments of $2.4 million and $2.9 million, respectively, and during the six months ended June 30, 2021 and 2020, recognized $5.3 million and $4.6 million, respectively, which was included within the provision for income taxes.