Note 6 - Qualified Affordable Housing Partnership Investments (Tables)

6 Months Ended

Jun. 30, 2017

Notes Tables

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

	At June 30, 2017						For the Six Months Ended June 30, 2017
	Original		Current		Unfunded		Tax Credits		Amortization		Net
(Amounts in thousands)	Investment		Recorded		Liability		and		of		Income Tax
Qualified Affordable Housing Partnerships	Value		Investment		Obligation		Benefits		Investments		Benefit
Raymond James California Housing Opportunities Fund II	$	2,000	$	1,267	$	45	$	112	$	94	$	18
WNC Institutional Tax Credit Fund 38, L.P.		1,000		644		55		70		53		17
Merritt Community Capital Corporation Fund XV, L.P.		2,500		1,614		367		136		100		36
California Affordable Housing Fund		2,454		357		—		87		88		(1	)
Total	$	7,954	$	3,882	$	467	$	405	$	335	$	70

	At December 31, 2016						For the Year Ended December 31, 2016
	Original		Current		Unfunded		Tax Credits		Amortization		Net
(Amounts in thousands)	Investment		Recorded		Liability		and		of		Income Tax
Qualified Affordable Housing Partnerships	Value		Investment		Obligation		Benefits		Investments		Benefit
Raymond James California Housing Opportunities Fund II	$	2,000	$	1,361	$	45	$	238	$	192	$	46
WNC Institutional Tax Credit Fund 38, L.P.		1,000		698		73		143		100		43
Merritt Community Capital Corporation Fund XV, L.P.		2,500		1,713		367		266		106		160
California Affordable Housing Fund		2,454		445		—		201		200		1
Total	$	7,954	$	4,217	$	485	$	848	$	598	$	250

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

	For the Three Months Ended June 30, 2017				For the Three Months Ended June 30, 2016
(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	$	44	$	12	$	46	$	13
WNC Institutional Tax Credit Fund 38, L.P.		28		7		27		9
Merritt Community Capital Corporation Fund XV, L.P.		54		14		51		15
California Affordable Housing Fund		32		12		40		11
Total	$	158	$	45	$	164	$	48

	For the Six Months Ended June 30, 2017				For the Six Months Ended June 30, 2016
(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	$	88	$	24	$	92	$	27
WNC Institutional Tax Credit Fund 38, L.P.		57		13		53		18
Merritt Community Capital Corporation Fund XV, L.P.		108		28		103		30
California Affordable Housing Fund		63		24		79		21
Total	$	316	$	89	$	327	$	96

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

(Amounts in thousands)	Raymond James California Housing		WNC Institutional		Merritt Community Capital		California Affordable			Total Net Income
Qualified Affordable Housing	Opportunities		Tax Credit		Corporation		Housing			Tax
Partnerships	Fund II		Fund 38, L.P.		Fund XV, L.P		Fund			Benefit
Anticipated net income tax benefit less amortization of investments:
2017	$	23	$	18	$	23	$	(1	)	$	63
2018		46		35		44		(1	)		124
2019		46		30		43		—			119
2020		45		29		44		—			118
2021 and thereafter		173		103		176		(2	)		450
Total	$	333	$	215	$	330	$	(4	)	$	874