LOW INCOME HOUSING TAX CREDIT INVESTMENTS (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | |||
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Sep. 30, 2024 |
Sep. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
Dec. 31, 2023 |
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Investments | |||||
Low-income housing tax credit - Gross | $ 67,614 | $ 67,614 | $ 57,596 | ||
Life-to-date amortization | (20,699) | (20,699) | (15,904) | ||
Low income housing tax credit - Net | 46,915 | 46,915 | 41,692 | ||
Unfunded Obligations | |||||
Low income housing tax credit - Gross | 59,598 | 59,598 | 58,619 | ||
Low income housing tax credit - Net | 59,598 | 59,598 | $ 58,619 | ||
Amortization expense | 1,616 | $ 1,407 | 4,795 | $ 4,305 | |
Tax credits recognized | $ (2,363) | $ (2,027) | $ (7,215) | $ (5,860) |
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- Definition Amount of net affordable housing tax credits and other tax benefits recognized. No definition available.
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- Definition Amount, before aggregate amortization expense, of income tax credit generated by investment under tax credit program elected to be accounted for using proportional amortization method. Includes, but is not limited to, investment under tax credit program not meeting condition for accounting under proportional amortization method. No definition available.
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- Definition Amount of aggregate amortization expense for investment that generates income tax credit and other income tax benefit under tax credit program accounted for using proportional amortization method. No definition available.
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- Definition Net amount of commitment or contingent commitments to qualified affordable housing project investments. No definition available.
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- References No definition available.
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- Definition Amount of amortization expense for investment that generates income tax credit and other income tax benefit under tax credit program accounted for using proportional amortization method. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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- References No definition available.
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- Definition Amount of income tax credit generated by investment under tax credit program elected to be accounted for using proportional amortization method. Includes, but is not limited to, investment under tax credit program not meeting condition for accounting under proportional amortization method. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of commitment and contingent commitment, including amount of delayed equity contribution, for investment that generates income tax credit and other income tax benefit under tax credit program elected to be accounted for using proportional amortization method. Includes, but is not limited to, commitment and contingent commitment related to investment under tax credit program not meeting condition for accounting under proportional amortization method. Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef
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