Affordable Housing Projects Tax Credit Partnerships (Tables)

12 Months Ended

Dec. 31, 2023

Equity Method Investments and Joint Ventures [Abstract]

Expected Payments for Unfunded Affordable Housing Commitments

As of December 31, 2023, the expected payments for unfunded affordable housing commitments were as follows:

(dollars in thousands)	Amount
2024	$	27,354
2025		49,584
2026		288
2027		476
2028		202
Thereafter		23,219
Total Unfunded Commitments	$	101,123

Schedule of Tax Credits and Other Tax Benefits Recognized and Amortization Expense Related to Affordable Housing

The following table presents tax credits and other tax benefits recognized and amortization expense related to affordable housing for the years ended December 31, 2023, December 31, 2022, and December 31, 2021.

(dollars in thousands)	2023		2022		2021
Effective Yield Method
Tax credits and other tax benefits recognized	$	5,830	$	6,116	$	8,604
Amortization Expense in Provision for Income Taxes		5,331		5,185		6,700
Proportional Amortization Method
Tax credits and other tax benefits recognized	$	19,429	$	15,174	$	10,831
Amortization Expense in Provision for Income Taxes		16,840		13,131		9,375