(16)    Qualified Affordable Housing Project Investments

The Bank invests in qualified affordable housing projects. At  June 30, 2025 and December 31, 2024, the balance of the investment for qualified affordable housing projects was $5.0 million and $5.4 million, respectively. These balances are reflected in the other assets line on the Consolidated Balance Sheets. Under the proportional amortization method, the Company recognized amortization expense of $179,000 and tax credits of $208,000 for the three months ended  June 30, 2025. For the three months ended  June 30, 2024, the Company recognized amortization expense of $178,000 and tax credits of $218,000. The Company recognized amortization expense of $358,000 and tax credits of $415,000 for the six months ended  June 30, 2025. The Company recognized amortization expense of $356,000 and tax credits of $437,000 for the six months ended  June 30, 2024.