(15) Qualified Affordable Housing Project Investments

The Company invests in certain qualified affordable housing projects. At June 30, 2026 and December 31, 2025, the balance of the Company's investments in qualified affordable housing projects was $17,643 and $16,386, respectively. These balances are reflected in the Other assets line on the Consolidated Balance Sheets. The unfunded commitments related to the investments in qualified affordable housing projects totaled $5,981 and $5,113 at June 30, 2026 and December 31, 2025, respectively. These balances are reflected in the Accrued expenses and other liabilities line on the Consolidated Balance Sheets.

During the three months ended June 30, 2026 and 2025, the Company recognized amortization expense with respect to its investments in qualified affordable housing projects of $371 and $366, respectively, offset by tax credits and other benefits from its investments in affordable housing tax credits of $456 and $416, respectively. During the six months ended June 30, 2026 and 2025, the Company recognized amortization expense with respect to its investments in qualified affordable housing projects of $743 and $716, respectively, offset by tax credits and other benefits from its investments in affordable housing tax credits of $913 and $832, respectively. During the three and six months ended June 30, 2026 and 2025, the Company did not incur any impairment losses related to its investments in qualified affordable housing projects.