v3.26.1
INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Tables)
 6 Months Ended
Jun. 30, 2026
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]  
Schedule of investment in unconsolidated subsidiaries
The following table presents the components of the Company's investments in unconsolidated entities as of the dates presented:

(dollars in thousands)June 30, 2026December 31, 2025
Investments in low income housing tax credit partnerships$54,929 $58,496 
Investments in common securities of statutory trusts1,547 1,547 
Investments in affiliates76 120 
Other1,186 1,186 
Total$57,738 $61,349 
The following table presents amortization and tax credits recognized associated with our investments in LIHTC partnerships for the periods presented:

Three Months Ended June 30,Six Months Ended June 30,
(dollars in thousands)2026202520262025
Proportional amortization method:
Amortization expense recognized in income tax expense$1,784 $1,533 $3,568 $3,067 
Tax credits recognized in income tax expense2,086 1,794 4,172 3,588 
Other Commitments
The following table presents the expected payments for unfunded commitments related to LIHTC and other partnership investments as of June 30, 2026. The table includes expected funding for the remainder of fiscal year 2026, the next five succeeding fiscal years, and all years thereafter:

(dollars in thousands)
Year Ending December 31, LIHTCOtherTotal
2026 (remainder)$8,113 $553 $8,666 
20272,667 — 2,667 
20285,482 — 5,482 
20294,921 — 4,921 
2030141 — 141 
203146 — 46 
Thereafter349 — 349 
Total unfunded commitments$21,719 $553 $22,272