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Other Assets and Receivables
12 Months Ended
Dec. 31, 2019
Other Assets and Receivables.  
Other Assets and Receivables

Note 9: Other Assets and Receivables

The following items are included in other assets and receivables in the consolidated balance sheets.

Investment in Qualified Affordable Housing Limited Partnerships

The Company invests in qualified affordable housing limited partnerships. At December 31, 2019 and 2018, the balance of the investments for qualified affordable housing limited partnerships was $14.9 million and $17.2 million, respectively. The Company does not expect to contribute any additional investments related to the partnerships outstanding at December 31, 2019. During the years ended December 31, 2019 and 2018, the Company recorded amortization expense of $2.3 million and $1.2 million, respectively. Tax credits related to these investments were $2.5 million for the 2019 tax year and was $1.5 for the 2018 tax year. The Company expects to receive additional tax credits and other benefits in 2020 and will continue to amortize this investment based on the proportional amortization method.

Other items included in other assets and receivables on the balance sheet are not individually significant.