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

9 Months Ended

Sep. 30, 2019

Investments in Qualified Affordable Housing Partnerships, Net [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, 2019 and December 31, 2018:

($ in thousands)	September 30, 2019		December 31, 2018
Investments in qualified affordable housing partnerships, net	$	190,000	$	184,873
Accrued expenses and other liabilities — Unfunded commitments	$	66,213	$	80,764

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, 2019 and 2018:

($ in thousands)	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Tax credits and other tax benefits recognized	$	11,539	$	9,425	$	34,871	$	27,520
Amortization expense included in income tax expense	$	8,452	$	7,236	$	27,006	$	21,009

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, 2019 and December 31, 2018:

($ in thousands)	September 30, 2019		December 31, 2018
Investments in tax credit and other investments, net	$	211,603	$	231,635
Accrued expenses and other liabilities — Unfunded commitments	$	69,649	$	80,228