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Affordable Housing Projects Tax Credit Partnerships (Tables)
12 Months Ended
Dec. 31, 2021
Equity Method Investments And Joint Ventures [Abstract]  
Expected Payments for Unfunded Affordable Housing Commitments

As of December 31, 2021, the expected payments for unfunded affordable housing commitments were as follows:

 

(dollars in thousands)

 

Amount

 

2022

 

$

7,553

 

2023

 

 

811

 

2024

 

 

21,432

 

2025

 

 

756

 

2026

 

 

81

 

Thereafter

 

 

13,332

 

Total Unfunded Commitments

 

$

43,965

 

 

 

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, 2021, December 31, 2020, and December 31, 2019.

 

(dollars in thousands)

 

2021

 

 

2020

 

 

2019

 

Effective Yield Method

 

 

 

 

 

 

 

 

 

 

 

 

Tax credits and other tax benefits recognized

 

$

8,604

 

 

$

11,752

 

 

$

11,719

 

Amortization Expense in Provision for Income Taxes

 

 

6,700

 

 

 

8,586

 

 

 

7,566

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proportional Amortization Method

 

 

 

 

 

 

 

 

 

 

 

 

Tax credits and other tax benefits recognized

 

$

10,831

 

 

$

6,633

 

 

$

3,014

 

Amortization Expense in Provision for Income Taxes

 

 

9,375

 

 

 

5,729

 

 

 

2,578