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

3 Months Ended

Mar. 31, 2021

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 March 31, 2021 and December 31, 2020:

($ in thousands)	March 31, 2021		December 31, 2020
Investments in qualified affordable housing partnerships, net	$	284,862	$	213,555
Accrued expenses and other liabilities — Unfunded commitments	$	142,103	$	77,444

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 months ended March 31, 2021 and 2020:

($ in thousands)	Three Months Ended March 31,
	2021		2020
Tax credits and other tax benefits recognized	$	11,028	$	11,031
Amortization expense included in income tax expense	$	8,712	$	8,384

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 March 31, 2021 and December 31, 2020:

($ in thousands)	March 31, 2021		December 31, 2020
Investments in tax credit and other investments, net	$	361,438	$	266,525
Accrued expenses and other liabilities — Unfunded commitments	$	192,644	$	105,282