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Qualified Affordable Housing Project Investments
3 Months Ended
Mar. 31, 2024
Federal Home Loan Banks [Abstract]  
Qualified Affordable Housing Project Investments

(15) Qualified Affordable Housing Project Investments

The Company invests in certain qualified affordable housing projects. At March 31, 2024 and December 31, 2023, the balance of the Company's investments in qualified affordable housing projects was $14,819 and $15,122, respectively. These balances are reflected in the Other assets line on the Consolidated Balance Sheet. The unfunded commitments related to the investments in qualified affordable housing projects totaled $5,229 and $5,722 at March 31, 2024 and December 31, 2023, respectively. These balances are reflected in the Accrued expenses and other liabilities line on the Consolidated Balance Sheet.

During the three months ended March 31, 2024 and 2023, the Company recognized amortization expense with respect to its investments in qualified affordable housing projects of $304 and $243, respectively, offset by tax credits and other benefits from its investments in affordable housing tax credits of $390 and $364, respectively. During the three months ended March 31, 2024, the Company did not incur any impairment losses related to its investments in qualified affordable housing projects.