v3.26.1
Tax Credit Investments (Tables)
3 Months Ended
Mar. 31, 2026
Tax Credit Investments [Abstract]  
Summary Of Affordable Housing Investments

The following table summarizes the Company’s tax credit investments as of March 31, 2026 and December 31, 2025.

 

 

 

March 31, 2026

 

 

December 31, 2025

 

Investment Type

 

Investment

 

 

Unfunded
Commitment

 

 

Investment

 

 

Unfunded
Commitment

 

Low Income Housing Tax Credit (LIHTC)

 

$

 

23,964

 

 

$

 

11,608

 

 

$

 

24,570

 

 

$

 

12,540

 

Historic Tax Credit (HTC)

 

 

 

1,730

 

 

 

 

996

 

 

 

 

1,835

 

 

 

 

1,943

 

Total

 

$

 

25,694

 

 

$

 

12,604

 

 

$

 

26,405

 

 

$

 

14,483

 

 

The following table summarizes the amortization expense and tax credits recognized for the Company’s tax credit investments for the three months ended March 31, 2026 and 2025, respectively:

 

 

 

Three months ended March 31,

 

 

 

2026

 

 

2025

 

Amortization expense:

 

 

 

 

 

 

 

 

LIHTC

 

$

 

606

 

 

$

 

442

 

HTC

 

 

 

105

 

 

 

 

240

 

Total

 

$

 

711

 

 

$

 

682

 

 

 

 

 

 

 

 

 

 

Tax credits recognized:

 

 

 

 

 

 

 

 

LIHTC

 

$

 

616

 

 

$

 

448

 

HTC

 

 

 

128

 

 

 

 

 

Total

 

$

 

744

 

 

$

 

448