v3.26.1
Low Income Housing Tax Credits and Other Tax Credit Investments (Tables)
3 Months Ended
Mar. 31, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of of the Company's Investments in Low Income Housing Projects Accounted for Using the Proportional Amortization Method
The following table presents the Company’s investments in LIHTC projects accounted for using the proportional amortization method for the periods indicated:
As of March 31, 2026As of December 31, 2025
(In thousands)
Current recorded investment included in other assets$216,768 $223,698 
Commitments to fund qualified affordable housing projects included in recorded investment noted above44,696 54,263 
The following table presents additional information related to the Company’s investments in LIHTC projects for the periods indicated:
For the Three Months Ended March 31,
20262025
(In thousands)
Tax credits and benefits recognized$8,214 $7,702 
Amortization expense included in income tax expense6,735 6,004