Tax Credit Investments (Tables)

9 Months Ended

Sep. 30, 2023

Tax Credit Investments.

Schedule of tax credits

		September 30, 2023				December 31, 2022
(dollars in thousands)		Investment		Unfunded Commitment		Investment		Unfunded Commitment
Investment	Accounting Method
Low income housing tax credit	Proportional amortization	$	17,906	$	12,719	$	17,906	$	15,559
Total		$	17,906	$	12,719	$	17,906	$	15,559

Summary of amortization expense and tax benefit

	Three months ended September 30,
	2023				2022
	Amortization		Tax Benefit		Amortization		Tax Benefit
(dollars in thousands)	Expense (1)		Recognized (2)		Expense (1)		Recognized (2)
Low income housing tax credit	$	245	$	(435)	$	109	$	(146)
Total	$	245	$	(435)	$	109	$	(146)

(1) The amortization expense for low income housing tax credits were included in the income tax expense.

(2) All of the tax benefits recognized were included in income tax expense.

	Nine months ended September 30,
	2023				2022
	Amortization		Tax Benefit		Amortization		Tax Benefit
(dollars in thousands)	Expense (1)		Recognized (2)		Expense (1)		Recognized (2)
Low income housing tax credit	$	884	$	(1,171)	$	220	$	(303)
Total	$	884	$	(1,171)	$	220	$	(303)

(1) The amortization expense for low income housing tax credits were included in income tax expense.

(2) All of the tax benefits recognized were included in income tax expense.