Note 5 - Qualified Affordable Housing Partnership Investments (Tables)

9 Months Ended

Sep. 30, 2017

Notes Tables

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

	At September 30, 2017						For the Nine Months Ended September 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	$	1,222	$	45	$	168	$	140	$	28
WNC Institutional Tax Credit Fund 38, L.P.		1,000		618		55		105		79		26
Merritt Community Capital Corporation Fund XV, L.P.		2,500		1,547		367		203		166		37
California Affordable Housing Fund		2,454		318		—		132		127		5
Total	$	7,954	$	3,705	$	467	$	608	$	512	$	96

	At December 31, 2016						For the Nine Months Ended September 30, 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	$	178	$	136	$	42
WNC Institutional Tax Credit Fund 38, L.P.		1,000		698		73		107		78		29
Merritt Community Capital Corporation Fund XV, L.P.		2,500		1,713		367		199		171		28
California Affordable Housing Fund		2,454		445		—		154		155		(1)
Total	$	7,954	$	4,217	$	485	$	638	$	540	$	98

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

	For the Three Months Ended
	September 30, 2017				September 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		31		13		40		12
Total	$	157	$	46	$	164	$	49

	For the Nine Months Ended
	September 30, 2017				September 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	$	132	$	36	$	138	$	40
WNC Institutional Tax Credit Fund 38, L.P.		85		20		80		27
Merritt Community Capital Corporation Fund XV, L.P.		162		41		154		45
California Affordable Housing Fund		94		38		119		35
Total	$	473	$	135	$	491	$	147

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

(Amounts in thousands)	Raymond James California		WNC		Merritt Community		California
Qualified Affordable Housing Partnerships: Anticipated income tax benefit, net less amortization of investments	Housing Opportunities Fund II		Institutional Tax Credit Fund 38, L.P.		Capital Corporation Fund XV, L.P		Affordable Housing Fund		Total Income Tax Benefit, Net
2017	$	10	$	9	$	9	$	3	$	31
2018		45		35		39		1		120
2019		45		30		38		1		114
2020		45		29		37		1		112
2021 and thereafter		204		102		143		3		452
Total	$	349	$	205	$	266	$	9	$	829