Note 9 - Qualified Affordable Housing Project Investments (Tables)

6 Months Ended

Jun. 30, 2014

Qualified Affordable Housing Project Investments [Abstract]

Proportional Amortization Method Investment, Qualified Affordable Housing Project [Table Text Block]

(Dollars in thousands) Qualified Affordable Housing Projects at June 30, 2014	Original Investment Value		Current Recorded Investment		Unfunded Liability Obligation		Tax Credits and Benefits (1)		Amortization of Investments (2)		Net Income Tax Benefit
Raymond James California Housing Opportunities Fund II	$	2,000	$	1,939	$	1,809	$	80	$	61	$	15
WNC Institutional Tax Credit Fund 38, L.P.		1,000		946		468		65		54		16
Merritt Community Capital Corporation Fund XV, L.P.		2,500		2,320		1,825		170		180		29
Total – Investments in Qualified Affordable Housing Projects	$	5,500	$	5,205	$	4,102	$	315	$	295	$	60

(Dollars in thousands) Qualified Affordable Housing Projects at December 31, 2013	Original Investment Value		Current Recorded Investment		Unfunded Liability Obligation		Tax Credits and Benefits (1)		Amortization of Investments (2)		Net Income Tax Benefit
Raymond James California Housing Opportunities Fund II	$	2,000	$	2,000	$	1,858	$	30	$	-	$	6
WNC Institutional Tax Credit Fund 38, L.P.		1,000		1,000		592		49		-		12
Merritt Community Capital Corporation Fund XV, L.P.		2,500		2,500		2,346		203		-		35
Total – Investments in Qualified Affordable Housing Projects	$	5,500	$	5,500	$	4,796	$	282	$	-	$	53

Qualified Affordable Housing Projects, Future Income Tax Benefit [Table Text Block]

(Dollars in thousands) Qualified Affordable Housing Projects	Raymond James California Housing Opportunities Fund II		WNC Institutional Tax Credit Fund 38, L.P.		Merritt Community Capital Corporation Fund XV, L.P		Total Net Income Tax Benefit
Anticipated net income tax benefit less amortization of investments:
2014	$	15	$	16	$	29	$	60
2015		45		35		47		127
2016 and thereafter		379		246		354		979
Total	$	439	$	297	$	430	$	1,166