v3.25.2
Qualified Affordable Housing Project Investments (Tables)
6 Months Ended
Jun. 30, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Investments in Qualified Affordable Housing Projects along with the Related Expenses and Tax Credits Recognized

The following tables present the Company's investments in qualified affordable housing projects as of June 30, 2025 and December 31, 2024 along with the related expenses and tax credits recognized for the three and six months ended June 30, 2025 and June 30, 2024.

 

 

 

(In Thousands)

 

 

 

June 30, 2025

 

 

December 31, 2024

 

Low-income-housing tax credit investments

 

$

4,000

 

 

$

4,000

 

Unfunded commitments

 

 

(446

)

 

 

(880

)

Net funded low-income-housing tax credit investments

 

$

3,554

 

 

$

3,120

 

 

 

 

(In Thousands)

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2025

 

 

June 30, 2024

 

 

June 30, 2025

 

 

June 30, 2024

 

Amortization expense

 

$

112

 

 

$

110

 

 

$

224

 

 

$

220

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax credits recognized

 

 

111

 

 

 

110

 

 

 

223

 

 

 

218