AFFORDABLE HOUSING TAX CREDIT LIMITED PARTNERSHIP (Tables)

12 Months Ended

Dec. 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 investment and related unfunded commitment at December 31 (in thousands):

	2018		2017
Affordable housing tax credit investment	$	5,000	3,000
Less amortization	492		231
Net affordable housing tax credit investment	$	4,508	2,769
Unfunded commitment	$	3,372	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 Balance Sheets.

LCNB expects to fund the unfunded commitment over eleven years.

The following table presents other information relating to LCNB's affordable housing tax credit investment for the years indicated (in thousands):

	Year ended December 31,
	2018		2017	2016
Tax credits and other tax benefits recognized	$	267	180	103
Tax credit amortization expense included in provision for income taxes	261		138	81