Note 5 - Qualified Affordable Housing Partnership Investments (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

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

	At September 30, 2020						For the Nine Months Ended September 30, 2020
	Original		Current		Unfunded		Tax Credits		Amortization		Net
	Investment		Recorded		Liability		and		of		Income Tax
(Amounts in thousands)	Value		Investment		Obligation		Benefits		Investments		Benefit (Expense)
Qualified Affordable Housing Partnerships:
Raymond James California Housing Opportunities Fund II	$	2,000	$	717	$	22	$	149	$	135	$	14
WNC Institutional Tax Credit Fund 38, L.P.		1,000		335		—		78		65		13
Merritt Community Capital Corporation Fund XV, L.P.		2,500		903		316		167		164		3
California Affordable Housing Fund		2,454		181		—		18		29		(11	)
Boston Capital		1,000		962		987		49		38		11
Total	$	8,954	$	3,098	$	1,325	$	461	$	431	$	30

	At December 31, 2019						For the Nine Months Ended September 30, 2019
	Original		Current		Unfunded		Tax Credits		Amortization		Net
	Investment		Recorded		Liability		and		of		Income Tax
(Amounts in thousands)	Value		Investment		Obligation		Benefits		Investments		Benefit (Expense)
Qualified Affordable Housing Partnerships:
Raymond James California Housing Opportunities Fund II	$	2,000	$	852	$	22	$	150	$	135	$	15
WNC Institutional Tax Credit Fund 38, L.P.		1,000		400		—		81		68		13
Merritt Community Capital Corporation Fund XV, L.P.		2,500		1,067		316		168		165		3
California Affordable Housing Fund		2,454		210		—		18		29		(11	)
Total	$	7,954	$	2,529	$	338	$	417	$	397	$	20

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

	For the Three Months Ended
	September 30, 2020				September 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 Nine Months Ended
	September 30, 2020				September 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	$	128	$	21	$	128	$	22
WNC Institutional Tax Credit Fund 38, L.P.		66		12		70		11
Merritt Community Capital Corporation Fund XV, L.P.		144		23		144		24
California Affordable Housing Fund		—		18		—		18
Boston Capital		34		15		—		—
Total	$	372	$	89	$	342	$	75

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	$	4		$	19		$	19		$	18		$	16	$	76
WNC Institutional Tax Credit Fund 38, L.P.		4			16			14			13			14		61
Merritt Community Capital Corporation Fund XV, L.P.		1			3			3			3			4		14
California Affordable Housing Fund		(3	)		(14	)		(13	)		(35	)		—		(65	)
Boston Capital		4			23			24			23			171		245
Total income tax benefit, net	$	10		$	47		$	47		$	22		$	205	$	331