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LOW INCOME HOUSING PROJECT INVESTMENTS Low Income Housing Project Investments
 12 Months Ended
Dec. 31, 2021
Low Income Housing Project Investments [Abstract]  
Investments in Low Income Housing Projects [Text Block] LOW INCOME HOUSING PROJECT INVESTMENTS
The Company has invested in low income housing projects that generate Low Income Housing Tax Credits ("LIHTC") which provide the Company with tax credits and operating loss tax benefits over a minimum of 15 years. None of the original investment is expected to be repaid.
The following table presents certain information related to the Company's investments in low income housing projects as of December 31 of the years presented:
202120202019
(Dollars in thousands)
Original investment value$179,481 $128,752 $96,275 
Current recorded investment$135,497 $97,435 $72,510 
Unfunded liability obligation$73,336 $49,586 $34,967 
Tax credits and benefits earned during the year$14,198 $9,404 $7,342 
Amortization of investments during the year$11,892 $7,552 $5,645 
Net income tax benefit recognized during the year$2,306 $1,851 $1,696