v3.26.1
Tax Credit Investments (Tables)
6 Months Ended
Jun. 30, 2026
Tax Credit Investments [Abstract]  
Summary Of Affordable Housing Investments

The following table summarizes the Company’s tax credit investments as of June 30, 2026 and December 31, 2025.

 

 

 

June 30, 2026

 

 

December 31, 2025

 

Investment Type

 

Investment

 

 

Unfunded
Commitment

 

 

Investment

 

 

Unfunded
Commitment

 

Low Income Housing Tax Credit (LIHTC)

 

$

 

24,357

 

 

$

 

11,709

 

 

$

 

24,570

 

 

$

 

12,540

 

Historic Tax Credit (HTC)

 

 

 

1,625

 

 

 

 

577

 

 

 

 

1,835

 

 

 

 

1,943

 

Total

 

$

 

25,982

 

 

$

 

12,286

 

 

$

 

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 and six months ended June 30, 2026 and 2025, respectively:

 

 

 

Three months ended June 30,

 

 

For the six months ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Amortization expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LIHTC

 

$

 

606

 

 

$

 

442

 

 

$

 

1,213

 

 

$

 

884

 

HTC

 

 

 

105

 

 

 

 

(30

)

 

 

 

210

 

 

 

 

210

 

Total

 

$

 

711

 

 

$

 

412

 

 

$

 

1,423

 

 

$

 

1,094

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax credits recognized:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LIHTC

 

$

 

616

 

 

$

 

448

 

 

$

 

1,231

 

 

$

 

896

 

HTC

 

 

 

128

 

 

 

 

256

 

 

 

 

256

 

 

 

 

256

 

Total

 

$

 

744

 

 

$

 

704

 

 

$

 

1,487

 

 

$

 

1,152