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Tax Credit Investments (Tables)

12 Months Ended

Dec. 31, 2023

Tax Credit Investments.

Schedule of tax credits


				December 31, 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		$	12,347		$	17,906		$	15,559
Total				$	17,906		$	12,347		$	17,906		$	15,559

Summary of amortization expense and tax benefit


		Year ended December 31,
		2023						2022
		Amortization			Tax Benefit			Amortization			Tax Benefit
(dollars in thousands)		Expense ⁽¹⁾			Recognized ⁽²⁾			Expense ⁽¹⁾			Recognized ⁽²⁾
Low income housing tax credit		$	1,130		$	(1,418)		$	264		$	(373)
Total		$	1,130		$	(1,418)		$	264		$	(373)

(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.