LOW-INCOME HOUSING TAX CREDIT INVESTMENT	6 Months Ended
Jun. 30, 2022
LOW-INCOME HOUSING TAX CREDIT INVESTMENTS
LOW-INCOME HOUSING TAX CREDIT INVESTMENTS	NOTE 16 – 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, 2022 and December 31, 2021, the balance of the LIHTC investment was $2.6 million. These balances are reflected in the Other assets line item of the Condensed Consolidated Balance Sheets. There were no unfunded commitments related to the LIHTC investment as of June 30, 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 Condensed Consolidated Statements of Income. During the three months ended June 30, 2022 and 2021, the Company recognized amortization expense of $0.1 million. During the six months ended June 30, 2022 and 2021, the Company recognized amortization expense of $0.2 million. Additionally, during the three months ended June 30, 2022 and 2021, the Company recognized $0.1 million of tax credits and other benefits from the LIHTC investment. During the six months ended June 30, 2022 and 2021, the Company recognized $0.2 million of tax credits and other benefits. During the three and six months ended June 30, 2022 and 2021, the Company did not incur any impairment losses.

LOW-INCOME HOUSING TAX CREDIT INVESTMENT

6 Months Ended

Jun. 30, 2022

LOW-INCOME HOUSING TAX CREDIT INVESTMENTS

LOW-INCOME HOUSING TAX CREDIT INVESTMENTS

NOTE 16 – 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, 2022 and December 31, 2021, the balance of the LIHTC investment was $2.6 million. These balances are reflected in the Other assets line item of the Condensed Consolidated Balance Sheets. There were no unfunded commitments related to the LIHTC investment as of June 30, 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 Condensed Consolidated Statements of Income. During the three months ended June 30, 2022 and 2021, the Company recognized amortization expense of $0.1 million. During the six months ended June 30, 2022 and 2021, the Company recognized amortization expense of $0.2 million.

Additionally, during the three months ended June 30, 2022 and 2021, the Company recognized $0.1 million of tax credits and other benefits from the LIHTC investment. During the six months ended June 30, 2022 and 2021, the Company recognized $0.2 million of tax credits and other benefits. During the three and six months ended June 30, 2022 and 2021, the Company did not incur any impairment losses.