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Qualified Affordable Housing Project Investments
3 Months Ended
Mar. 31, 2023
Federal Home Loan Banks [Abstract]  
Qualified Affordable Housing Project Investments

(15) Qualified Affordable Housing Project Investments

The Company invests in certain qualified affordable housing projects. At March 31, 2023 and December 31, 2022, the balance of the Company's investments in qualified affordable housing projects was $13,906 and $14,149, respectively. These balances are reflected in the Other assets line on the Consolidated Balance Sheet. The unfunded commitments related to the investments in qualified affordable housing projects totaled $5,493 and $5,634 at March 31, 2023 and December 31, 2022, respectively. These balances are reflected in the Accrued expenses and other liabilities line on the Consolidated Balance Sheet.

During the three months ended March 31, 2023 and 2022, the Company recognized amortization expense with respect to its investments in qualified affordable housing projects of $243 and $239, respectively, offset by tax credits and other benefits from its investments in affordable housing tax credits of $364 and $390, respectively. During the three months ended March 31, 2023, the Company did not incur any impairment losses related to its investments in qualified affordable housing projects.