XML 43 R27.htm IDEA: XBRL DOCUMENT

LOW-INCOME HOUSING TAX CREDIT INVESTMENT	12 Months Ended
LOW-INCOME HOUSING TAX CREDIT INVESTMENT	Dec. 31, 2022
Investments in Affordable Housing Projects [Abstract]
LOW-INCOME HOUSING TAX CREDIT INVESTMENTS	LOW-INCOME HOUSING TAX CREDIT INVESTMENTS On December 19, 2019, the Company invested in a low-income housing tax credit ("LIHTC") investment. As of December 31, 2022 and 2021, the balance of the investment for LIHTC was $2.4 million and $2.6 million, respectively. These balances are reflected in the Other assets line item of the Consolidated Balance Sheets. There were no unfunded commitments related to the LIHTC investment as of December 31, 2022. As of December 31, 2021, total unfunded commitments were $0.2 million. The Company uses the proportional amortization method to account for this investment. Amortization expense is included within the Income tax expense line item of the Consolidated Statements of Income. During the year ended December 31, 2022, the Company recognized amortization expense of $0.4 million, which was included within the Income tax expense line item of the Consolidated Statements of Income. The Company recognized amortization expense of $0.5 million in the year ended December 31, 2021. Additionally, during the year ended December 31, 2022, the Company recognized tax credits and other benefits from this investment in the LIHTC of $0.4 million. The Company recognized tax credits and other benefits from this investment in the LIHTC of $0.5 million in the year end December 31, 2021. During the years ending December 31, 2022 and 2021, the Company did not incur any impairment losses.