Note 5 - Qualified Affordable Housing Partnership Investments (Tables)

6 Months Ended

Jun. 30, 2019

Notes Tables

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

	At June 30, 2019						For the Six Months Ended June 30, 2019
	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	$	932	$	28	$	100	$	90	$	10
WNC Institutional Tax Credit Fund 38, L.P.		1,000		444		—		54		45		9
Merritt Community Capital Corporation Fund XV, L.P.		2,500		1,160		315		112		110		2
California Affordable Housing Fund		2,454		219		—		12		20		(8	)
Total	$	7,954	$	2,755	$	343	$	278	$	265	$	13

	At December 31, 2018						For the Six Months Ended June 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	$	1,022	$	28	$	100	$	89	$	11
WNC Institutional Tax Credit Fund 38, L.P.		1,000		489		—		63		53		10
Merritt Community Capital Corporation Fund XV, L.P.		2,500		1,270		315		113		111		2
California Affordable Housing Fund		2,454		239		—		15		24		(9	)
Total	$	7,954	$	3,020	$	343	$	291	$	277	$	14

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

	For the Three Months Ended
	June 30, 2019				June 30, 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	$	8
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		6
Total	$	114	$	25	$	120	$	26

	For the Six Months Ended
	June 30, 2019				June 30, 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	$	85	$	15	$	85	$	15
WNC Institutional Tax Credit Fund 38, L.P.		46		8		56		7
Merritt Community Capital Corporation Fund XV, L.P.		96		16		96		17
California Affordable Housing Fund		—		12		2		13
Total	$	227	$	51	$	239	$	52

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
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		32		27		6		(32	)		33
Total	$	103	$	87	$	20	$	(83	)	$	127