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Affordable Housing Projects Tax Credit Partnerships (Tables)
3 Months Ended
Mar. 31, 2022
Equity Method Investments And Joint Ventures [Abstract]  
Expected Payments for Unfunded Affordable Housing Commitments

As of March 31, 2022, the expected payments for unfunded affordable housing commitments were as follows:

 

(dollars in thousands)

 

Amount

 

2022

 

$

7,547

 

2023

 

 

811

 

2024

 

 

21,432

 

2025

 

 

756

 

2026

 

 

81

 

Thereafter

 

 

13,332

 

Total Unfunded Commitments

 

$

43,959

 

 

 

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, 2022, and March 31, 2021.

 

 

 

Three Months Ended

March 31,

 

(dollars in thousands)

 

2022

 

 

2021

 

Effective Yield Method

 

 

 

 

 

 

 

 

Tax credits and other tax benefits recognized

 

$

2,730

 

 

$

2,151

 

Amortization Expense in Provision for Income Taxes

 

 

1,358

 

 

 

1,692

 

Proportional Amortization Method

 

 

 

 

 

 

 

 

Tax credits and other tax benefits recognized

 

$

2,592

 

 

$

2,591

 

Amortization Expense in Provision for Income Taxes

 

 

3,203

 

 

 

2,326