Note 5 - Qualified Affordable Housing Partnership Investments (Tables)

9 Months Ended

Sep. 30, 2019

Notes Tables

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

	At September 30, 2019						For the Nine Months Ended September 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	$	887	$	28	$	150	$	135	$	15
WNC Institutional Tax Credit Fund 38, L.P.		1,000		421		—		81		68		13
Merritt Community Capital Corporation Fund XV, L.P.		2,500		1,105		315		168		165		3
California Affordable Housing Fund		2,454		210		—		18		29		(11	)
Total	$	7,954	$	2,623	$	343	$	417	$	397	$	20

	At December 31, 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	$	1,022	$	28	$	150	$	133	$	17
WNC Institutional Tax Credit Fund 38, L.P.		1,000		489		—		95		79		16
Merritt Community Capital Corporation Fund XV, L.P.		2,500		1,270		315		170		167		3
California Affordable Housing Fund		2,454		239		—		23		36		(13	)
Total	$	7,954	$	3,020	$	343	$	438	$	415	$	23

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

	For the Three Months Ended
	September 30, 2019				September 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 Nine Months Ended
	September 30, 2019				September 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	$	128	$	22	$	127	$	23
WNC Institutional Tax Credit Fund 38, L.P.		70		11		84		11
Merritt Community Capital Corporation Fund XV, L.P.		144		24		145		25
California Affordable Housing Fund		—		18		4		19
Total	$	342	$	75	$	360	$	78

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	$	15	$	13	$	3	$	(11	)	$	20
2020		19		17		4		(14	)		26
2021		19		16		4		(14	)		25
2022		19		14		3		(13	)		23
2023 and thereafter		32		27		7		(32	)		34
Total	$	104	$	87	$	21	$	(84	)	$	128