Qualified Affordable Housing and Other Tax Credits (Tables)

3 Months Ended

Mar. 31, 2026

Qualified Affordable Housing and Other Tax Credits

Schedule of investments and unfunded commitments of qualified affordable housing


			March 31, 2026						December 31, 2025

			(In thousands)
Investment	Accounting Method		Investment			Unfunded Commitments			Investment			Unfunded Commitments
LIHTC	Proportional amortization		$	222,381		$	107,135		$	218,110		$	118,043
LIHTC⁽¹⁾	Proportional amortization			55,237			—			49,725			—
LIHTC subtotal			$	277,618		$	107,135		$	267,835		$	118,043
New Market Fund	Consolidated			10,916			—			10,903			—
Total			$	288,534		$	107,135		$	278,738		$	118,043

(1)

LIHTC projects held for future syndication.

Schedule of amortization and tax credits of qualified affordable housing


									Three Months Ended
									March 31,
									2026			2025

									(In thousands)
Amortization expense									$	6,287		$	3,775
Expected tax credits									$	7,090		$	4,274

Schedule of supplemental cash flow information related to qualified affordable housing investments


		Three Months Ended March 31,
		2026			2025

		(In thousands)
Cash Flow Statement
Supplemental cash flow information:
Loans provided for sale of LIHTCs		$	153		$	—
Qualified affordable housing investments obtained in exchange for funding commitments			1,607			—
Deposits received upon reduction of funding commitments			12,514			—
Deposits received upon purchase of LIHTCs			7,031			—
Beneficial interests received in exchange for LIHTC's sold			—			3,118