Note 5 - Qualified Affordable Housing Partnership Investments (Tables)

6 Months Ended

Jun. 30, 2020

Notes Tables

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

	At June 30, 2020						For the Six Months Ended June 30, 2020
(Amounts in thousands)	Original Investment Value		Current Recorded Investment		Unfunded Liability Obligation		Tax Credits and Benefits		Amortization of Investments		Net Income Tax Benefit (Expense)
Qualified Affordable Housing Partnerships:
Raymond James California Housing Opportunities Fund II	$	2,000	$	762	$	22	$	99	$	90	$	9
WNC Institutional Tax Credit Fund 38, L.P.		1,000		357		—		52		43		9
Merritt Community Capital Corporation Fund XV, L.P.		2,500		958		316		112		109		3
California Affordable Housing Fund		2,454		191		—		12		19		(7	)
Boston Capital		1,000		976		1,000		33		24		9
Total	$	8,954	$	3,244	$	1,338	$	308	$	285	$	23

	At December 31, 2019						For the Six Months Ended June 30, 2019
(Amounts in thousands)	Original Investment Value		Current Recorded Investment		Unfunded Liability Obligation		Tax Credits and Benefits		Amortization of Investments		Net Income Tax Benefit (Expense)
Qualified Affordable Housing Partnerships:
Raymond James California Housing Opportunities Fund II	$	2,000	$	852	$	22	$	100	$	90	$	10
WNC Institutional Tax Credit Fund 38, L.P.		1,000		400		—		54		45		9
Merritt Community Capital Corporation Fund XV, L.P.		2,500		1,067		316		112		110		2
California Affordable Housing Fund		2,454		210		—		12		20		(8	)
Total	$	7,954	$	2,529	$	338	$	278	$	265	$	13

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

	For the Three Months Ended
	June 30, 2020				June 30, 2019
	Generated		Tax Benefits From		Generated		Tax Benefits from
(Amounts in thousands)	Tax Credits		Taxable Losses		Tax Credits		Taxable Losses
Qualified Affordable Housing Partnerships:
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		1		6		—		6
Boston Capital		11		5		—		—
Total	$	125	$	30	$	114	$	25

	For the Six Months Ended
	June 30, 2020				June 30, 2019
	Generated		Tax Benefits From		Generated		Tax Benefits from
(Amounts in thousands)	Tax Credits		Taxable Losses		Tax Credits		Taxable Losses
Qualified Affordable Housing Partnerships:
Raymond James California Housing Opportunities Fund II	$	85	$	14	$	85	$	15
WNC Institutional Tax Credit Fund 38, L.P.		44		8		46		8
Merritt Community Capital Corporation Fund XV, L.P.		96		16		96		16
California Affordable Housing Fund		1		11		—		12
Boston Capital		22		11		—		—
Total	$	248	$	60	$	227	$	51

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

(Amounts in thousands) Qualified Affordable Housing Partnerships: Anticipated income tax benefit, net less amortization of investments	2020			2021			2022			2023			2024 and 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