Affordable Housing Projects Tax Credit Partnerships (Tables)

3 Months Ended

Mar. 31, 2025

Equity Method Investments and Joint Ventures [Abstract]

Expected Payments for Unfunded Affordable Housing Commitments

As of March 31, 2025, the expected payments for unfunded affordable housing commitments were as follows:

(dollars in thousands)	Amount
2025	$	47,380
2026		61,293
2027		1,871
2028		269
2029		235
Thereafter		13,746
Total Unfunded Commitments	$	124,794

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 three months ended March 31, 2025 and 2024.

	Three Months Ended March 31,
(dollars in thousands)	2025		2024
Effective Yield Method
Tax Credits and Other Tax Benefits Recognized	$	533	$	1,137
Amortization Expense in Provision for Income Taxes		557		1,119
Proportional Amortization Method
Tax Credits and Other Tax Benefits Recognized	$	8,844	$	6,210
Amortization Expense in Provision for Income Taxes		7,491		5,348