Tax Credit Investments

3 Months Ended

Mar. 31, 2022

Tax Credit Investments.

Tax Credit Investments

NOTE 13 Tax Credit Investments

The Company invests in qualified affordable housing projects for the purpose of community reinvestment and obtaining tax credits. The Company’s tax credit investments are limited to existing lending relationships with well-known developers and projects within the Company’s market area.

The following table presents a summary of the Company’s investments in qualified affordable housing project tax credit investments as of March 31, 2022 and December 31, 2021:

		March 31, 2022				December 31, 2021
(dollars in thousands)		Investment		Unfunded Commitment		Investment		Unfunded Commitment
Investment	Accounting Method
Low income housing tax credit	Proportional amortization	$	12,906	$	11,686	$	7,906	$	6,999
Total		$	12,906	$	11,686	$	7,906	$	6,999