Note 5 - Qualified Affordable Housing Partnership Investments (Tables)

9 Months Ended

Sep. 30, 2018

Notes Tables

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

	At September 30, 2018						For the Nine Months Ended September 30, 2018
	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 (expense)
Raymond James California Housing Opportunities Fund II	$	2,000	$	1,049	$	14	$	150	$	133	$	17
WNC Institutional Tax Credit Fund 38, L.P.		1,000		510		—		95		79		16
Merritt Community Capital Corporation Fund XV, L.P.		2,500		1,309		315		170		167		3
California Affordable Housing Fund		2,454		246		—		23		36		(13	)
Total	$	7,954	$	3,114	$	329	$	438	$	415	$	23

	At December 31, 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	$	1,182	$	20	$	168	$	140	$	28
WNC Institutional Tax Credit Fund 38, L.P.		1,000		589		—		104		79		25
Merritt Community Capital Corporation Fund XV, L.P.		2,500		1,476		341		203		166		37
California Affordable Housing Fund		2,454		282		—		132		127		5
Total	$	7,954	$	3,529	$	361	$	607	$	512	$	95

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

	For the Three Months Ended
	September 30, 2018				September 30, 2017
(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	$	43	$	8	$	44	$	12
WNC Institutional Tax Credit Fund 38, L.P.		28		4		28		6
Merritt Community Capital Corporation Fund XV, L.P.		48		8		54		14
California Affordable Housing Fund		1		6		31		13
Total	$	120	$	26	$	157	$	45

	For the Nine Months Ended
	September 30, 2018				September 30, 2017
(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	$	127	$	23	$	132	$	36
WNC Institutional Tax Credit Fund 38, L.P.		84		11		85		19
Merritt Community Capital Corporation Fund XV, L.P.		144		26		162		41
California Affordable Housing Fund		4		19		94		38
Total	$	359	$	79	$	473	$	134

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

(Amounts in thousands)
Qualified Affordable Housing Partnerships:	Raymond James		WNC Institutional		Merritt Community		California			Total Net
Anticipated net income tax benefit (expense)	California Housing		Tax Credit		Capital Corporation		Affordable			Income Tax
less amortization of investments	Opportunities Fund II		Fund 38, L.P.		Fund XV, L.P		Housing Fund			Benefit
2018	$	5	$	5	$	1	$	(4	)	$	7
2019		23		18		3		(14	)		30
2020		23		17		3		(14	)		29
2021		23		16		3		(14	)		28
2022 and thereafter		41		42		9		(43	)		49
Total	$	115	$	98	$	19	$	(89	)	$	143