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Investments in Qualified Affordable Housing Partnerships, Tax Credit and Other Investments, Net and Variable Interest Entities (Tables)
 9 Months Ended
Sep. 30, 2023
Investments in Qualified Affordable Housing Partnerships, Tax Credit and Other Investments, Net and Variable Interest Entities [Abstract]  
Schedule of Investment in Affordable Housing and Tax Credit and Other Investments, Net and Related Unfunded Commitments
The following table presents investments and unfunded commitments of the Company’s qualified affordable housing partnerships, tax credit, and other investments as of September 30, 2023 and December 31, 2022:
September 30, 2023December 31, 2022
($ in thousands)Assets
Liabilities - Unfunded Commitments (1)
Assets
Liabilities - Unfunded Commitments (1)
Investments in qualified affordable housing partnerships, net$412,004 $252,552 $413,253 $266,654 
Investments in tax credit and other investments, net489,555 345,072 350,003 185,797 
Total$901,559 $597,624 $763,256 $452,451 
(1)Included in Accrued expenses and other liabilities on the Consolidated Balance Sheet.
Schedule of Additional Information related to the Investments in Affordable Housing and Tax Credit and Other Investments
The following table presents additional information related to the investments in qualified affordable housing partnerships, tax credit and other investments for the three and nine months ended September 30, 2023 and 2022:
Three Months Ended September 30,Nine Months Ended September 30,
($ in thousands)2023202220232022
Investments in qualified housing partnerships, net:
Tax credits and other tax benefits recognized$15,660 $13,180 $47,058 $38,764 
Amortization expense included in income tax expense$11,587 $10,431 $34,759 $30,498 
Investments in tax credit and other investments, net:
Amortization of tax credit and other investments (1)
$49,694 $19,874 $115,718 $48,753 
Unrealized losses on equity securities with readily determinable values$(674)$(1,014)$(682)$(2,958)
(1)Includes net impairment losses of $790 thousand for the three months ended September 30, 2023, and net impairment recoveries of $831 thousand for the nine months ended September 30, 2023. The activity for both periods was primarily related to historic tax credits. In comparison, there were no impairment recoveries or losses for three or nine months ended September 30, 2022.