LOW-INCOME HOUSING TAX CREDIT INVESTMENT	6 Months Ended
Jun. 30, 2021
LOW-INCOME HOUSING TAX CREDIT INVESTMENTS
LOW-INCOME HOUSING TAX CREDIT INVESTMENTS	NOTE 15 – LOW-INCOME HOUSING TAX CREDIT INVESTMENTS On December 19, 2019, the Company invested in a low-income housing tax credit ("LIHTC") investment. As of June 30, 2021 and December 31, 2020, the balance of the investment for LIHTC was $0.9 million and $1.1 million, respectively. These balances are reflected in the Other assets line item of the Condensed Consolidated Balance Sheets. Total unfunded commitments related to the investment in the LIHTC total $2.1 million and $2.2 million as of June 30, 2021 and December 31, 2020, respectively. The Company expects to fulfill these commitments during the year ending 2021. The Company uses the proportional amortization method to account for this investment. During the three and six months ended June 30, 2021, the Company recognized amortization expense of $0.1 million and $0.2 million, respectively, which was included within the Income tax expense line item of the Condensed Consolidated Statements of Income. The Company did not recognize any related amortization expense during the three and six months ended June 30, 2020. Additionally, during the three and six months ended June 30, 2021, the Company recognized $0.1 million and $0.2 million of tax credits and other benefits from this investment in the LIHTC. The Company did not recognize any related tax credits or other benefits during the three and six months ended June 30, 2020. During the three and six months ended June 30, 2021 and 2020, the Company did not incur any impairment losses.

LOW-INCOME HOUSING TAX CREDIT INVESTMENT

6 Months Ended

Jun. 30, 2021

LOW-INCOME HOUSING TAX CREDIT INVESTMENTS

LOW-INCOME HOUSING TAX CREDIT INVESTMENTS

NOTE 15 – LOW-INCOME HOUSING TAX CREDIT INVESTMENTS

On December 19, 2019, the Company invested in a low-income housing tax credit ("LIHTC") investment. As of June 30, 2021 and December 31, 2020, the balance of the investment for LIHTC was $0.9 million and $1.1 million, respectively. These balances are reflected in the Other assets line item of the Condensed Consolidated Balance Sheets. Total unfunded commitments related to the investment in the LIHTC total $2.1 million and $2.2 million as of June 30, 2021 and December 31, 2020, respectively. The Company expects to fulfill these commitments during the year ending 2021.

The Company uses the proportional amortization method to account for this investment. During the three and six months ended June 30, 2021, the Company recognized amortization expense of $0.1 million and $0.2 million, respectively, which was included within the Income tax expense line item of the Condensed Consolidated Statements of Income. The Company did not recognize any related amortization expense during the three and six months ended June 30, 2020.

Additionally, during the three and six months ended June 30, 2021, the Company recognized $0.1 million and $0.2 million of tax credits and other benefits from this investment in the LIHTC. The Company did not recognize any related tax credits or other benefits during the three and six months ended June 30, 2020. During the three and six months ended June 30, 2021 and 2020, the Company did not incur any impairment losses.