Note 9 - Qualified Affordable Housing Partnership Investments (Tables)

6 Months Ended

Jun. 30, 2016

Notes Tables

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

	Original		Current		Unfunded		Tax Credits		Amortization		Net
(Amounts in thousands)	Investment		Recorded		Liability		and		of		Income Tax
Qualified Affordable Housing Partnerships at June 30, 2016	Value		Investment		Obligation		Benefits (1)		Investments (2)		Benefit
Raymond James California Housing Opportunities Fund II	$	2,000	$	1,463	$	50	$	114	$	90	$	24
WNC Institutional Tax Credit Fund 38, L.P.		1,000		745		106		70		53		17
Merritt Community Capital Corporation Fund XV, L.P.		2,500		1,705		367		138		114		24
California Affordable Housing Fund		2,454		542		—		103		103		—
Total - investments in qualified affordable housing partnerships	$	7,954	$	4,455	$	523	$	425	$	360	$	65

	Original		Current		Unfunded		Tax Credits		Amortization		Net
(Amounts in thousands)	Investment		Recorded		Liability		and		of		Income Tax
Qualified Affordable Housing Partnerships at December 31, 2015	Value		Investment		Obligation		Benefits (1)		Investments (2)		Benefit
Raymond James California Housing Opportunities Fund II	$	2,000	$	1,553	$	406	$	226	$	184	$	42
WNC Institutional Tax Credit Fund 38, L.P.		1,000		797		166		126		93		33
Merritt Community Capital Corporation Fund XV, L.P.		2,500		1,820		610		278		230		48
California Affordable Housing Fund		2,454		645		—		207		207		—
Total - investments in qualified affordable housing partnerships	$	7,954	$	4,815	$	1,182	$	837	$	714	$	123

Qualified Affordable Housing Project Investments Tax Credits and Benefits [Table Text Block]

	For the Three Months Ended
	June 30, 2016				June 30, 2015
(Amounts in thousands)	Generated		Tax Benefits From		Generated		Tax Benefits from
Qualified Affordable Housing Partnerships	Tax Credits		Taxable Losses		Tax Credits		Taxable Losses
Raymond James California Housing Opportunities Fund II	$	45	$	12	$	43	$	13
WNC Institutional Tax Credit Fund 38, L.P.		28		7		25		7
Merritt Community Capital Corporation Fund XV, L.P.		55		14		54		15
California Affordable Housing Fund		40		12		40		12
Total	$	168	$	45	$	162	$	47

	For the Six Months Ended
	June 30, 2016				June 30, 2015
(Amounts in thousands)	Generated		Tax Benefits From		Generated		Tax Benefits from
Qualified Affordable Housing Partnerships	Tax Credits		Taxable Losses		Tax Credits		Taxable Losses
Raymond James California Housing Opportunities Fund II	$	89	$	25	$	87		26
WNC Institutional Tax Credit Fund 38, L.P.		56		14		50		14
Merritt Community Capital Corporation Fund XV, L.P.		109		29		109		30
California Affordable Housing Fund		79		24		79		25
Total	$	333	$	92	$	325	$	95

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

	Raymond James		WNC Institutional		Merritt Community		California		Total Net
(Amounts in thousands)	California Housing		Tax Credit		Capital Corporation		Affordable Housing		Income Tax
Qualified Affordable Housing Partnerships	Opportunities Fund II		Fund 38, L.P.		Fund XV, L.P		Fund		Benefit
Anticipated net income tax benefit less amortization of investments:
2016	$	22	$	18	$	23	$	—	$	63
2017		46		35		45		1		127
2018		45		34		45		—		124
2019		45		30		44		—		119
2020 and thereafter		218		128		194		1		541
Total	$	376	$	245	$	351	$	2	$	974