AFFORDABLE HOUSING PROJECTS TAX CREDIT PARTNERSHIPS (Tables)

12 Months Ended

Dec. 31, 2024

AFFORDABLE HOUSING PROJECTS TAX CREDIT PARTNERSHIPS [Abstract]

Expected Payments for Unfunded Affordable Housing Commitments

As of December 31, 2024, the expected payments for unfunded affordable housing commitments were as follows (dollars in thousands):

2025	$	4,574
2026		506
2027		760
2028		12
2029		12
Thereafter		134
	$	5,998

Tax Credits and Other Tax Benefits Recognized and Amortization Expense

The following table presents tax credits and other benefits recognized and amortization expense related to affordable housing for the years ended December 31, 2024, December 31, 2023, and December 31, 2022 (dollars in thousands).

	2024		2023		2022
Effective Yield Method
Tax credits and other tax benefits recognized	$	-	$	-	$	141
Amortization Expense in other expense		-		-		108
Proportional Amortization Method
Tax credits and other tax benefits recognized		976		948		-
Amortization Expense in Provision for Income Taxes		627		762		-