Note 5 - Qualified Affordable Housing Partnership Investments (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

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

	At March 31, 2019						For the Three Months Ended March 31, 2019
(Amounts in thousands)	Original		Current		Unfunded		Tax Credits		Amortization		Net
Qualified Affordable Housing	Investment		Recorded		Liability		and		of		Income Tax
Partnerships	Value		Investment		Obligation		Benefits		Investments		Benefit (Expense)
Raymond James California Housing Opportunities Fund II	$	2,000	$	977	$	28	$	50	$	45	$	5
WNC Institutional Tax Credit Fund 38, L.P.		1,000		467		—		27		23		4
Merritt Community Capital Corporation Fund XV, L.P.		2,500		1,215		315		56		55		1
California Affordable Housing Fund		2,454		229		—		6		9		(3	)
Total	$	7,954	$	2,888	$	343	$	139	$	132	$	7

	At December 31, 2018						For the Three Months Ended March 31, 2018
(Amounts in thousands)	Original		Current		Unfunded		Tax Credits		Amortization		Net
Qualified Affordable Housing	Investment		Recorded		Liability		and		of		Income Tax
Partnerships	Value		Investment		Obligation		Benefits		Investments		Benefit (Expense)
Raymond James California Housing Opportunities Fund II	$	2,000	$	1,022	$	28	$	50	$	44	$	6
WNC Institutional Tax Credit Fund 38, L.P.		1,000		489		—		32		26		6
Merritt Community Capital Corporation Fund XV, L.P.		2,500		1,270		315		56		56		—
California Affordable Housing Fund		2,454		239		—		8		12		(4	)
Total	$	7,954	$	3,020	$	343	$	146	$	138	$	8

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

	For the Three Months Ended
	March 31, 2019				March 31, 2018
(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	$	7	$	43	$	7
WNC Institutional Tax Credit Fund 38, L.P.		23		4		28		4
Merritt Community Capital Corporation Fund XV, L.P.		48		8		48		8
California Affordable Housing Fund		—		6		1		7
Total	$	114	$	25	$	120	$	26

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

(Amounts in thousands) Qualified Affordable Housing Partnerships: Anticipated net income tax benefit (expense) less amortization of investments	Raymond James California Housing Opportunities Fund II		WNC Institutional Tax Credit Fund 38, L.P.		Merritt Community Capital Corporation Fund XV, L.P		California Affordable Housing Fund			Total Net Income Tax Benefit
2019	$	14	$	13	$	3	$	(10	)	$	20
2020		19		17		4		(14	)		26
2021		19		16		4		(14	)		25
2022		19		14		3		(13	)		23
2023 and thereafter		33		27		6		(32	)		34
Total	$	104	$	87	$	20	$	(83	)	$	128