Affordable Housing Tax Credit Limited Partnership (Tables)

6 Months Ended

Jun. 30, 2023

Equity Method Investments and Joint Ventures [Abstract]

Activity in Affordable Housing Program Obligation

The following table presents the balances of LCNB's affordable housing tax credit investments and related unfunded commitments at June 30, 2023 and December 31, 2022 (in thousands):

	June 30, 2023		December 31, 2022
Affordable housing tax credit investment	$	16,950	16,950
Less amortization	3,986		3,268
Net affordable housing tax credit investment	$	12,964	13,682
Unfunded commitment	$	6,348	7,185

The following table presents other information relating to LCNB's affordable housing tax credit investments for the three and six months ended June 30, 2023 and 2022 (in thousands):

	Three Months Ended June 30,			Six Months Ended June 30,
	2023		2022	2023	2022
Tax credits and other tax benefits recognized	$	434	357	864	714
Tax credit amortization expense included in provision for income taxes	361		304	718	601