Note 8 - Qualified Affordable Housing Partnership Investments (Tables)

9 Months Ended

Sep. 30, 2016

Notes Tables

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

(Amounts in thousands)	Original		Current		Unfunded		Tax Credits		Amortization		Net
Qualified Affordable Housing Partnerships at	Investment		Recorded		Liability		and		of		Income Tax
September 30, 2016	Value		Investment		Obligation		Benefits (1)		Investments (2)		Benefit
Raymond James California Housing Opportunities Fund II	$	2,000	$	1,418	$	51	$	171	$	136	$	35
WNC Institutional Tax Credit Fund 38, L.P.		1,000		719		77		105		78		27
Merritt Community Capital Corporation Fund XV, L.P.		2,500		1,648		367		206		171		35
California Affordable Housing Fund		2,454		490		—		155		155		—
Total - investments in qualified affordable housing partnerships	$	7,954	$	4,275	$	495	$	637	$	540	$	97

(Amounts in thousands)	Original		Current		Unfunded		Tax Credits		Amortization		Net
Qualified Affordable Housing Partnerships at	Investment		Recorded		Liability		and		of		Income Tax
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
	September 30, 2016				September 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 Nine Months Ended
	September 30, 2016				September 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	$	134	$	37	$	130	$	39
WNC Institutional Tax Credit Fund 38, L.P.		84		21		74		21
Merritt Community Capital Corporation Fund XV, L.P.		164		42		163		45
California Affordable Housing Fund		119		36		119		37
Total	$	501	$	136	$	486	$	142

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

(Amounts in thousands)	Raymond James		WNC Institutional		Merritt Community		California		Total Net
Qualified Affordable	California Housing		Tax Credit		Capital Corporation		Affordable Housing		Income Tax
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	$	11	$	9	$	12	$	—	$	32
2017		46		35		45		1		127
2018		45		34		44		—		123
2019		45		30		44		—		119
2020 and thereafter		218		128		194		1		541
Total	$	365	$	236	$	339	$	2	$	942