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Tax Credit Equity Investments
 6 Months Ended
Jun. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
TAX CREDIT EQUITY INVESTMENTS TAX CREDIT EQUITY INVESTMENTS
We invest in low income housing tax credit, or 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 three and six months ended June 30, 2026 and 2025.
The following table presents the balances included in the Consolidated Balance Sheets at the dates presented:
(dollars in thousands)
June 30, 2026December 31, 2025
Tax credit equity investment(1)
$33,405 $35,782 
Unfunded commitments(2)
3,150 3,514 
(1) Included in other assets in the Consolidated Balance Sheets
(2) Included in other liabilities in the Consolidated Balance Sheets
The following table summarizes the amortization expense and tax credits included in income tax expense in the Condensed Consolidated Statements of Comprehensive Income for the periods presented:
Three Months Ended June 30,
(dollars in thousands)
20262025
Tax credits and other tax benefits recognized$1,493 $1,388 
Amortization1,189 1,231 
Net benefit included in income tax expense$304 $157 
Six Months Ended June 30,
(dollars in thousands)
20262025
Tax credits and other tax benefits recognized$2,986 $2,776 
Amortization2,377 2,462 
Net benefit included in income tax expense$609 $314