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Tax Credit Equity Investments
 12 Months Ended
Dec. 31, 2025
Equity Method Investments and Joint Ventures [Abstract]  
TAX CREDIT EQUITY INVESTMENTS TAX CREDIT EQUITY INVESTMENTS
We invest in LIHTC and historic tax credit, or HTC, partnerships as part of our responsibilities under the Community Reinvestment Act and due to their favorable federal income tax benefits. As a limited partner in these operating partnerships, we receive tax credits and tax deductions for losses incurred by the underlying properties. No impairment losses were recognized for the twelve months ended December 31, 2025 and 2024.
The following table presents the balances included in the Consolidated Balance Sheets as of the dates presented:
(dollars in thousands)
December 31, 2025December 31, 2024
Tax credit equity investment
$35,782 $40,577 
Unfunded commitments
3,514 5,887 
The following table summarizes the amortization expense and tax credits included in income tax expense in the Consolidated Statements of Net Income for the periods presented:
Twelve Months Ended December 31,
(dollars in thousands)
20252024
Tax credits and other tax benefits recognized$5,827 $4,600 
Amortization4,795 4,262 
Net benefit included in income tax expense$1,032 $338 
Prior to the adoption of ASU 2023-02 on January 1, 2024, the cost method was used to account for our investments in tax credit equity investments. Amortization expense of $2.0 million was included in other expense and tax credits of $2.6 million was recognized as a reduction to income tax expense in our Consolidated Statements of Net Income for the twelve months ended December 31, 2023.