Affordable Housing Tax Credit Limited Partnership (Tables)

3 Months Ended

Mar. 31, 2018

Equity Method Investments and Joint Ventures [Abstract]

Activity in Affordable Housing Program Obligation

The following table presents the balances of LCNB's affordable housing tax credit investments and related unfunded commitments at March 31, 2018 and December 31, 2017 (in thousands):

	March 31, 2018		December 31, 2017
Affordable housing tax credit investment	$	3,000	$	3,000
Less amortization	287		231
Net affordable housing tax credit investment	$	2,713	$	2,769
Unfunded commitment	$	1,979	$	2,257

The net affordable housing tax credit investment is included in other assets and the unfunded commitment is included in accrued interest and other liabilities in the consolidated condensed balance sheets.

LCNB expects to fund the unfunded commitment over 10.0 years.

The following table presents other information relating to LCNB's affordable housing tax credit investments for the three months ended March 31, 2018 and 2017 (in thousands):

	2018		2017
Tax credits and other tax benefits recognized	$	56	$	51
Tax credit amortization expense included in provision for income taxes	56		41