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Investment in Affordable Housing Projects
3 Months Ended
Mar. 31, 2015
Investment In Affordable Housing Projects [Abstract]  
Investment in Affordable Housing Projects
Note 12.    Investment in Affordable Housing Projects

The Company has investments in certain affordable housing projects located in the Commonwealth of Virginia through six limited liability partnerships of the Bank. These partnerships exist to develop and preserve affordable housing for low income families through residential rental property projects.  The Company exerts no control over the operating or financial policies of the partnerships.  Return on these investments is through receipt of tax credits and other tax benefits which are subject to recapture by taxing authorities based on compliance features at the project level. The investments are due to expire by 2032.  The Company accounts for the affordable housing investments using the equity method and has recorded $4.5 million in other assets at March 31, 2015. The Company has also recorded $3.5 million in other liabilities related to capital calls through 2019. The related federal tax credits and other tax benefits of $193,000 were for the quarter ended March 31, 2015, and are included in income tax expense in the Consolidated Statements of Income.  Flow-through losses of $279,000 from 2014 and were recognized in noninterest income. For the quarter ended March 31, 2014, the federal tax credits and other tax benefits totaled $124,000 and flow through losses were $180,000.