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Note 9 - Qualified Affordable Housing Project Investments (Tables)

9 Months Ended

Sep. 30, 2014

Qualified Affordable Housing Project Investments [Abstract]

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

(Dollars in thousands)		Original				Current				Unfunded				Tax Credits				Amortization				Net
Qualified Affordable Housing Projects at		Investment				Recorded				Liability				and				of				Income Tax
September 30, 2014		Value				Investment				Obligation				Benefits ⁽¹⁾				Investments ⁽²⁾				Benefit
Raymond James California Housing Opportunities Fund II		$	2,000			$	1,892			$	1,119			$	120			$	107			$	23
WNC Institutional Tax Credit Fund 38, L.P.			1,000				906				364				98				94				24
Merritt Community Capital Corporation Fund XV, L.P.			2,500				2,185				1,548				255				315				44
Total – Investments in Qualified Affordable Housing Projects		$	5,500			$	4,983			$	3,031			$	473			$	516			$	91

(Dollars in thousands)		Original				Current				Unfunded				Tax Credits				Amortization				Net
Qualified Affordable Housing Projects at		Investment				Recorded				Liability				and				of				Income Tax
December 31, 2013		Value				Investment				Obligation				Benefits ⁽¹⁾				Investments ⁽²⁾				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)		Raymond James California Housing Opportunities				WNC Institutional Tax Credit				Merritt Community Capital Corporation				Total Net Income Tax
Qualified Affordable Housing Projects		Fund II				Fund 38, L.P.				Fund XV, L.P				Benefit
Anticipated net income tax benefit less amortization of investments:
2014		$	8			$	8			$	14			$	30
2015			45				35				47				127
2016			45				35				47				127
2017			44				34				45				123
2018 and thereafter			290				177				283				750
Total		$	432			$	289			$	436			$	1,157