
	December 31,
(Dollars in thousands)	2024		2023
Investments in low income housing tax credit partnerships	$	48,730	$	37,838
Investments in common securities of statutory trusts	1,547		1,547
Investments in affiliates	90		111
Other	2,050		2,050
Total	$	52,417	$	41,546

The Company invests in low income housing tax credit ("LIHTC") partnerships. As of December 31, 2024 and 2023, the Company had $19.1 million and $22.0 million, respectively, in unfunded commitments related to the LIHTC partnerships, which is included in other liabilities in the Company's consolidated balance sheets.

The expected payments for the unfunded commitments related to the Company's investments in unconsolidated entities as of December 31, 2024 are as follows:


(Dollars in thousands)	LIHTC		Other
Year Ending December 31:	Partnerships		Partnerships		Total
2025	$	11,027	$	803	$	11,830
2026	7,564		—		7,564
2027	36		—		36
2028	30		—		30
2029	36		—		36
Thereafter	387		—		387
Total commitments	$	19,080	$	803	$	19,883

The following table presents amortization expense and tax credits recognized associated with our investments in LIHTC partnerships for the periods presented:


	Year Ended December 31,
(Dollars in thousands)	2024		2023		2022
Proportional amortization method:
Amortization expense recognized in income tax expense	$	4,794	$	3,101	$	2,566
Federal and state tax credits recognized in income tax expense	5,632		3,400		2,938

In 2021, the Company committed $2.0 million in the JAM FINTOP Banktech Fund, L.P. The Company does not have the ability to exercise significant influence over the JAM FINTOP Banktech Fund, L.P. and the investment does not have a readily determinable fair value. As a result, the Company determined that the cost method of accounting for the investment was appropriate. The investment is included in investment in unconsolidated entities in the Company's consolidated balance sheets. As of December 31, 2024, the Company had an unfunded commitment of $0.8 million related to the investment, which is expected to be paid in 2025. The unfunded commitment is included in other liabilities in the Company's consolidated balance sheets.

During the third quarter of 2023, the Company entered into a transaction with Swell Financial, Inc. ("Swell") whereby Swell repurchased the Company’s entire preferred and common stock equity investment in exchange for $0.5 million in cash and certain intangible assets. The intangible assets totaling $1.5 million are included in other assets in the Company's consolidated balance sheet at December 31, 2023. During the fourth quarter of 2024, the Company performed an impairment analysis and determined that the carrying value of the intangible assets would not be recoverable. As a result, the Company recorded impairment of $1.3 million on the intangible assets. The carrying value of the intangible assets was zero as of December 31, 2024.