Low Income Housing Tax Credit Partnerships (Tables)

3 Months Ended

Mar. 31, 2020

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

As of March 31, 2020, the expected payments for unfunded affordable housing commitments were as follows:

(dollars in thousands)	Amount
2020	$	25,423
2021	5,310
2022	79
2023	55
2024	55
Thereafter	1,754
Total Unfunded Commitments	$	32,676

The following table presents tax credits and other tax benefits recognized and amortization expense related to affordable housing for the three months ended March 31, 2020, and March 31, 2019.

	Three Months Ended March 31,
(dollars in thousands)	2020		2019
Effective Yield Method
Tax credits and other tax benefits recognized	$	2,938	$	2,930
Amortization Expense in Provision for Income Taxes	2,147		1,891
Proportional Amortization Method
Tax credits and other tax benefits recognized	$	1,523	$	753
Amortization Expense in Provision for Income Taxes	1,318		645