Investments in Qualified Affordable Housing Partnerships, Tax Credit and Other Investments, Net and Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2020

Investments in Qualified Affordable Housing Partnerships, Tax Credit and Other Investments, Net and Variable Interest Entities [Abstract]

Schedule of investments in qualified affordable housing partnerships, net and related unfunded commitments

The following table presents the Company’s investments in qualified affordable housing partnerships, net, and related unfunded commitments as of September 30, 2020 and December 31, 2019:

($ in thousands)	September 30, 2020		December 31, 2019
Investments in qualified affordable housing partnerships, net	$	192,913	$	207,037
Accrued expenses and other liabilities — Unfunded commitments	$	58,695	$	80,294

Schedule of additional information related to investments in qualified affordable housing partnerships, net

The following table presents additional information related to the Company’s investments in qualified affordable housing partnerships, net, for the three and nine months ended September 30, 2020 and 2019:

($ in thousands)	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Tax credits and other tax benefits recognized	$	11,402	$	11,539	$	34,205	$	34,871
Amortization expense included in income tax expense	$	8,975	$	8,452	$	26,507	$	27,006

Schedule of investment in tax credit and other investments, net and related unfunded commitments

The following table presents the Company’s investments in tax credit and other investments, net, and related unfunded commitments as of September 30, 2020 and December 31, 2019:

($ in thousands)	September 30, 2020		December 31, 2019
Investments in tax credit and other investments, net	$	254,512	$	254,140
Accrued expenses and other liabilities — Unfunded commitments	$	107,583	$	113,515