Investments is Low Income Housing Tax Credits Investments in Low Income Housing Tax Credits - Tables

9 Months Ended

Sep. 30, 2021

Equity Method Investments and Joint Ventures [Abstract]

Investments in Low Income Housing Projects [Table Text Block]

The following table presents certain information related to the Company's investments in low income housing projects as of the dates indicated:

	September 30 2021			December 31 2020
	(Dollars in thousands)
Original investment value	$	162,879		$	128,752
Current recorded investment	121,992			97,435
Unfunded liability obligation	74,157			49,586
Tax credits and benefits	14,251		(1)	9,404
Discrete tax adjustment	1,572		(2)	n/a
Adjusted tax credits and benefits	15,823			9,404
Amortization of investments	12,437		(1)	7,552
Net income tax benefit	3,386		(1)	1,852

(1)Amounts shown represent the estimated full year impact for the year ended December 31, 2021.

(2)Discrete adjustment recognized for difference in actual benefits as reported on Schedule K-1 versus estimated benefits for the year ended December 31, 2020.