v3.26.1
Income Taxes (Tables)
6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of Balances of the Company's tax credit Investments and Related Unfunded Commitment

The following table presents the balances of the Company's tax credit investments recorded in other assets and related unfunded commitments recorded in other liabilities on the consolidated balance sheets at June 30, 2026 and December 31, 2025:

 

 

June 30, 2026

 

 

December 31, 2025

 

 

(Dollars in thousands)

 

Tax credit investments

 

$

203,914

 

 

$

135,254

 

Unfunded commitments - tax credit investments

 

 

154,422

 

 

 

77,499

 

Schedule of Other Information related to the Company's Tax Credit Investments

The following table presents income tax credits and other tax benefits, as well as amortization expense, associated with the Company's tax credit investments for the periods indicated:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

(Dollars in thousands)

 

Tax credits and other tax benefits recognized

 

$

7,735

 

 

$

5,812

 

 

$

16,733

 

 

$

8,323

 

Tax credit amortization expense included in provision for income taxes

 

 

(22,942

)

 

 

(8,516

)

 

 

(30,401

)

 

 

(16,907

)

Total

 

$

(15,207

)

 

$

(2,704

)

 

$

(13,668

)

 

$

(8,584

)