Tax Credit Investments (Tables)

9 Months Ended

Sep. 30, 2019

Income Tax Disclosure [Abstract]

Summary Of Affordable Housing Tax Credit Investments And Other Credit Investments

The following table presents the balances of the Corporation's TCIs and related unfunded commitments:

		September 30,		December 31,
		2019		2018
Recorded in other assets on the Consolidated Balance Sheets:		(in thousands)
Affordable housing tax credit investment, net		$	159,502	$	170,401
Other tax credit investments, net		64,922		72,584
	Total TCIs, net	$	224,424	$	242,985
Recorded in other liabilities on the Consolidated Balance Sheets:
Unfunded affordable housing tax credit commitments		$	19,727	$	23,196
Other tax credit investment liabilities		54,623		59,823
	Total unfunded tax credit investment commitments and liabilities	$	74,350	$	83,019

The following table presents other information relating to the Corporation's TCIs:

		Three Months Ended						Nine Months Ended
		September 30						September 30
		2019			2018			2019			2018
Components of income taxes:		(in thousands)
Affordable housing tax credits and other tax benefits		$	(7,852	)	$	(8,555	)	$	(23,002	)	$	(23,642	)
Other tax credit investment credits and tax benefits		(1,136		)	(1,596		)	(3,407		)	(4,789		)
Amortization of affordable housing investments, net of tax benefit		5,649			5,459			16,638			16,376
Deferred tax expense		238			336			715			1,007
	Total reduction in income tax expense	$	(3,101	)	$	(4,356	)	$	(9,056	)	$	(11,048	)
Amortization of TCIs:
Affordable housing tax credits investment		$	863		$	839		$	2,508		$	2,517
Other tax credit investment amortization		670			798			2,008			2,394
	Total amortization of TCIs	$	1,533		$	1,637		$	4,516		$	4,911