Low Income Housing Tax Credit Partnerships (Tables)

6 Months Ended

Jun. 30, 2020

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

As of June 30, 2020, the expected payments for unfunded affordable housing commitments were as follows:

(dollars in thousands)	Amount
2020	$	6,295
2021	5,310
2022	79
2023	55
2024	55
Thereafter	1,754
Total Unfunded Commitments	$	13,548

The following table presents tax credits and other tax benefits recognized and amortization expense related to affordable housing for the three and six months ended June 30, 2020, and June 30, 2019.

	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in thousands)	2020		2019		2020		2019
Effective Yield Method
Tax credits and other tax benefits recognized	$	2,938	$	2,930	$	5,876	$	5,859
Amortization Expense in Provision for Income Taxes	2,147		1,891		4,293		3,783
Proportional Amortization Method
Tax credits and other tax benefits recognized	$	1,523	$	753	$	3,046	$	1,507
Amortization Expense in Provision for Income Taxes	1,318		645		2,637		1,289