Busey’s investments in unconsolidated entities and related unfunded investment obligations are summarized in the table below for the periods indicated:


		As of
(dollars in thousands)	Location	June 30, 2026		December 31, 2025
Investments in unconsolidated entities
Tax credit investments	Other assets	$	129,930	$	119,634
Other investments in unconsolidated entities	Other assets	37,717		46,361
Investments in unconsolidated entities		$	167,647	$	165,995

Unfunded investment obligations	Other liabilities	$	70,277	$	68,690

Busey applies the proportional amortization method in accounting for investments in tax-advantaged projects. Income tax credits and other benefits related to these investments, along with investment amortization, are included as a component of Busey’s estimated annual effective tax rate used for the calculation of income taxes presented on the Consolidated Statements of Income (Unaudited). Actual amounts of income tax credits and other benefits, along with the investment amortization, are presented in the table below:


	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in thousands)	2026		2025		2026		2025
Income tax credits and other tax benefits	$	5,203	$	4,319	$	10,128	$	8,908
Amortization of investments in tax-advantaged projects	4,639		3,829		9,071		7,937