XML 46 R30.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Low Income Housing Tax Credits and Other Tax Credit Investments (Tables)
 6 Months Ended
Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of of the Company's Investments in Low Income Housing Projects Accounted for Using the Proportional Amortization Method
The following table presents the Company’s investments in LIHTC projects accounted for using the proportional amortization method for the periods indicated:
As of June 30, 2024As of December 31, 2023
(In thousands)
Current recorded investment included in other assets$220,864 $221,190 
Commitments to fund qualified affordable housing projects included in recorded investment noted above
130,783 149,207 
The following table presents additional information related to the Company’s investments in LIHTC projects for the periods indicated:
For the Three Months Ended June 30,For the Six Months Ended June 30,
2024202320242023
(In thousands)
Tax credits and benefits recognized$4,940 $3,305 $10,291 $6,567 
Amortization expense included in income tax expense (benefit)4,574 2,811 9,162 5,577