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Investments in Qualified Affordable Housing Projects
 9 Months Ended
Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Qualified Affordable Housing Projects Investments in Qualified Affordable Housing Projects
(In Thousands)

The Company has investments in qualified affordable housing projects (“QAHPs”) that provide low income housing tax credits and operating loss benefits over an extended period.  At September 30, 2019 and December 31, 2018, the carrying value of the Company’s QAHPs was $4,841 and $6,037, respectively. The Company has no remaining funding obligations related to the QAHPs.  The investments in QAHPs are being accounted for using the effective yield method. The investments in QAHPs are included in “Other assets” on the Consolidated Balance Sheets.

Components of the Company’s investments in QAHPs were included in the line item “Income taxes” in the Consolidated Statements of Income for the periods presented:
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2019
 
2018
 
2019
 
2018
Tax credit amortization
$
394

 
$
394

 
$
1,181

 
$
1,198

Tax credits and other benefits
(529
)
 
(572
)
 
(1,674
)
 
(1,717
)
Total
$
(135
)
 
$
(178
)
 
$
(493
)
 
$
(519
)