Affordable Housing Projects Tax Credit Partnership (Tables)

9 Months Ended

Sep. 30, 2019

Affordable Housing Projects Tax Credit Partnership

Schedule of expected payments for unfunded affordable housing commitments

As of September 30, 2019, the expected payments for unfunded affordable housing commitments were as follows:

(dollars in thousands)	Amount
2019	$	1,803
2020		2,402
2021		2,318
2022		525
2023		409
Thereafter		1,334
Total Unfunded Commitments	$	8,791

Schedule of tax credits and other tax benefits recognized and amortization expense related to affordable housing

The following table presents tax credits and other tax benefits recognized and amortization expense related to affordable housing for the three months ended September 30, 2019 and 2018.

	Three Months Ended September 30,
(dollars in thousands)	2019		2018
Proportional Amortization Method
Tax credits and other tax benefits recognized	$	340	$	276
Amortization expense in federal income taxes		292		234

	Nine Months Ended September 30,
(dollars in thousands)	2019		2018
Proportional Amortization Method
Tax credits and other tax benefits recognized	$	995	$	785
Amortization expense in federal income taxes		861		703