Tax Credit Investments (Tables)

6 Months Ended

Jun. 30, 2024

Tax Credit Investments

Schedule of tax credits

		June 30, 2024				December 31, 2023
(dollars in thousands)		Investment		Unfunded Commitment		Investment		Unfunded Commitment
Investment	Accounting Method
Low income housing tax credit	Proportional amortization	$	17,906	$	7,010	$	17,906	$	12,347

Summary of amortization expense and tax benefit

	Three months ended June 30,
	2024				2023
	Amortization		Tax Benefit		Amortization		Tax Benefit
(dollars in thousands)	Expense (1)		Recognized (2)		Expense (1)		Recognized (2)
Low income housing tax credit	$	432	$	(370)	$	278	$	(509)

(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.

	Six months ended June 30,
	2024				2023
	Amortization		Tax Benefit		Amortization		Tax Benefit
(dollars in thousands)	Expense (1)		Recognized (2)		Expense (1)		Recognized (2)
Low income housing tax credit	$	864	$	(751)	$	639	$	(735)

(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.