LOW INCOME HOUSING TAX CREDITS	12 Months Ended
Dec. 31, 2019
Low Income Housing Tax Credits [Abstract]
LOW INCOME HOUSING TAX CREDITS	22. LOW INCOME HOUSING TAX CREDITS The general purpose of housing equity funds is to encourage and assist participants in investing in low-income residential rental properties located in the Commonwealth of Virginia, develop and implement strategies to maintain projects as low-income housing, deliver Federal Low Income Housing Credits to investors, allocate tax losses and other possible tax benefits to investors, and to preserve and protect project assets. The investments in these funds were recorded as other assets on the consolidated balance sheets and were carried at $6.0 million and $2.7 million at December 31, 2019 and 2018, respectively. These investments and related tax benefits have expected terms through 2033, with the majority maturing by 2027. Tax credits, net of amortization recognized related to these investments during the years ended December 31, 2019 and 2018 were $255 thousand and $502 thousand, respectively. Total projected tax credits to be received for 2019 are $643 thousand, which is based on the most recent quarterly estimates received from the funds. Additional capital calls expected for the funds totaled $3.8 million and $4.1 million at December 31, 2019 and 2018, respectively.

LOW INCOME HOUSING TAX CREDITS

12 Months Ended

Dec. 31, 2019

Low Income Housing Tax Credits [Abstract]

22. LOW INCOME HOUSING TAX CREDITS

The general purpose of housing equity funds is to encourage and assist participants in investing in low-income residential rental properties located in the Commonwealth of Virginia, develop and implement strategies to maintain projects as low-income housing, deliver Federal Low Income Housing Credits to investors, allocate tax losses and other possible tax benefits to investors, and to preserve and protect project assets. The investments in these funds were recorded as other assets on the consolidated balance sheets and were carried at $6.0 million and $2.7 million at December 31, 2019 and 2018, respectively. These investments and related tax benefits have expected terms through 2033, with the majority maturing by 2027. Tax credits, net of amortization recognized related to these investments during the years ended December 31, 2019 and 2018 were $255 thousand and $502 thousand, respectively. Total projected tax credits to be received for 2019 are $643 thousand, which is based on the most recent quarterly estimates received from the funds. Additional capital calls expected for the funds totaled $3.8 million and $4.1 million at December 31, 2019 and 2018, respectively.