Affordable Housing Projects Tax Credit Partnerships (Tables)

9 Months Ended

Sep. 30, 2022

Equity Method Investments And Joint Ventures [Abstract]

Expected Payments for Unfunded Affordable Housing Commitments

As of September 30, 2022, the expected payments for unfunded affordable housing commitments were as follows:

(dollars in thousands)	Amount
2022	$	9,078
2023		38,624
2024		6,427
2025		16,448
2026		141
Thereafter		3,823
Total Unfunded Commitments	$	74,541

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 and nine months ended September 30, 2022, and September 30, 2021.

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in thousands)	2022		2021		2022		2021
Effective Yield Method
Tax credits and other tax benefits recognized	$	1,520	$	2,151	$	4,586	$	6,453
Amortization Expense in Provision for Income Taxes		1,296		1,670		3,889		5,032
Proportional Amortization Method
Tax credits and other tax benefits recognized	$	3,802	$	2,708	$	11,381	$	8,178
Amortization Expense in Provision for Income Taxes		3,331		2,332		9,860		7,043