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Note 24 - Qualified Affordable Housing Project Investments (Tables)
12 Months Ended
Dec. 31, 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

 

December 31, 2014

 

Value

   

Investment

   

Obligation

   

Benefits (1)

   

Investments (2)

   

Benefit

 

Raymond James California Housing Opportunities Fund II

  $ 2,000     $ 1,846     $ 736     $ 160     $ 154     $ 31  

WNC Institutional Tax Credit Fund 38, L.P.

    1,000       888       314       105       112       26  

Merritt Community Capital Corporation Fund XV, L.P.

    2,500       2,050       1,374       340       450       58  

Total – investments in qualified affordable housing projects

  $ 5,500     $ 4,784     $ 2,424     $ 605     $ 716     $ 115  

(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)

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:

                               

2015

  $ 45     $ 35     $ 47     $ 127  

2016

    45       37       47       129  

2017

    44       36       45       125  

2018

    44       35       45       124  

2019 and thereafter

    246       156       238       640  

Total

  $ 424     $ 299     $ 422     $ 1,145