Qualified Affordable Housing and Other Tax Credits (Tables)

6 Months Ended

Jun. 30, 2026

Qualified Affordable Housing and Other Tax Credits

Schedule of investments and unfunded commitments of qualified affordable housing


			June 30, 2026						December 31, 2025

			(In thousands)
Investment	Accounting Method		Investment			Unfunded Commitments			Investment			Unfunded Commitments
LIHTC	Proportional amortization		$	236,319		$	116,795		$	218,110		$	118,043
LIHTC⁽¹⁾	Proportional amortization			55,382			—			49,725			—
LIHTC subtotal			$	291,701		$	116,795		$	267,835		$	118,043
New Market Fund	Consolidated			10,916			—			10,903			—
Total			$	302,617		$	116,795		$	278,738		$	118,043

(1)

LIHTC projects held for future syndication.

Schedule of amortization and tax credits of qualified affordable housing


			Three Months Ended						Six Months Ended
			June 30,						June 30,
			2026			2025			2026			2025

			(In thousands)						(In thousands)
Amortization expense			$	6,685		$	3,784		$	12,972		$	7,559
Recognized tax credits			$	7,226		$	4,095		$	14,316		$	8,369

Schedule of supplemental cash flow information related to qualified affordable housing investments


		Six Months Ended June 30,
		2026			2025

		(In thousands)
Cash Flow Statement
Supplemental cash flow information:
Loans provided for sale of LIHTCs		$	153		$	—
Qualified affordable housing investments obtained in exchange for funding commitments			17,607			—
Deposits received upon reduction of funding commitments			18,854			—
Deposits received upon purchase of LIHTCs			9,926			—
Beneficial interests received in exchange for LIHTCs sold			7,836			4,227