Note 5 - Qualified Affordable Housing Partnership Investments (Tables)

3 Months Ended

Mar. 31, 2020

Notes Tables

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

	At March 31, 2020						For the Three Months Ended March 31, 2020
(Amounts in thousands) Qualified Affordable Housing Partnerships	Original Investment Value		Current Recorded Investment		Unfunded Liability Obligation		Tax Credits and Benefits		Amortization of Investments		Net Income Tax Benefit (Expense)
Raymond James California Housing Opportunities Fund II	$	2,000	$	807	$	22	$	50	$	45	$	5
WNC Institutional Tax Credit Fund 38, L.P.		1,000		379		—		26		21		5
Merritt Community Capital Corporation Fund XV, L.P.		2,500		1,013		316		56		54		2
California Affordable Housing Fund		2,454		200		—		6		10		(4	)
Boston Capital		1,000		990		1,000		16		10		6
Total	$	8,954	$	3,389	$	1,338	$	154	$	140	$	14

	At December 31, 2019						For the Three Months Ended March 31, 2019
(Amounts in thousands) Qualified Affordable Housing Partnerships	Original Investment Value		Current Recorded Investment		Unfunded Liability Obligation		Tax Credits and Benefits		Amortization of Investments		Net Income Tax Benefit (Expense)
Raymond James California Housing Opportunities Fund II	$	2,000	$	852	$	22	$	50	$	45	$	5
WNC Institutional Tax Credit Fund 38, L.P.		1,000		400		—		27		23		4
Merritt Community Capital Corporation Fund XV, L.P.		2,500		1,067		316		56		55		1
California Affordable Housing Fund		2,454		210		—		6		9		(3	)
Total	$	7,954	$	2,529	$	338	$	139	$	132	$	7

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

	For the Three Months Ended
	March 31, 2020				March 31, 2019
(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.		22		4		23		4
Merritt Community Capital Corporation Fund XV, L.P.		48		8		48		8
California Affordable Housing Fund		—		6		—		6
Boston Capital		11		5		—		—
Total	$	124	$	30	$	114	$	25

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

(Amounts in thousands)
Qualified Affordable Housing Partnerships:													2024
Anticipated income tax benefit, net less													and
amortization of investments	2020			2021			2022			2023			thereafter		Total
Raymond James California Housing Opportunities Fund II	$	14		$	19		$	19		$	18		$	16	$	86
WNC Institutional Tax Credit Fund 38, L.P.		12			16			14			13			14		69
Merritt Community Capital Corporation Fund XV, L.P.		3			3			3			3			4		16
California Affordable Housing Fund		(10	)		(14	)		(13	)		(35	)		—		(72	)
Boston Capital		11			23			24			23			171		252
Total income tax benefit, net	$	30		$	47		$	47		$	22		$	205	$	351