Note 5 - Low Income Housing Tax Credit Partnerships (Tables)

6 Months Ended

Jun. 30, 2021

Notes Tables

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

	At June 30, 2021						For the Six Months Ended June 30, 2021
	Original		Current		Unfunded		Tax Credits		Amortization		Net
	Investment		Recorded		Liability		and		of		Income Tax
(Amounts in thousands)	Commitment		Investment		Obligation		Benefits		Investments		Benefit
LIHTC Partnerships:
Raymond James California Housing Opportunities Fund II	$	2,000	$	588	$	16	$	95	$	88	$	7
WNC Institutional Tax Credit Fund 38, L.P.		1,000		269		—		47		42		5
Merritt Community Capital Corporation Fund XV, L.P.		2,500		728		306		107		113		(6	)
California Affordable Housing Fund		2,454		140		—		7		12		(5	)
Boston Capital		1,000		902		623		56		45		11
Total	$	8,954	$	2,627	$	945	$	312	$	300	$	12

	At December 31, 2020						For the Six Months Ended June 30, 2020
	Original		Current		Unfunded		Tax Credits		Amortization		Net
	Investment		Recorded		Liability		and		of		Income Tax
(Amounts in thousands)	Commitment		Investment		Obligation		Benefits		Investments		Benefit
LIHTC Partnerships:
Raymond James California Housing Opportunities Fund II	$	2,000	$	676	$	16	$	99	$	90	$	9
WNC Institutional Tax Credit Fund 38, L.P.		1,000		311		—		52		43		9
Merritt Community Capital Corporation Fund XV, L.P.		2,500		841		316		112		109		3
California Affordable Housing Fund		2,454		152		—		12		19		(7	)
Boston Capital		1,000		947		987		33		24		9
Total	$	8,954	$	2,927	$	1,319	$	308	$	285	$	23

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

	For the Three Months Ended
	June 30, 2021				June 30, 2020
	Generated		Tax Benefits From		Generated		Tax Benefits From
(Amounts in thousands)	Tax Credits		Taxable Losses		Tax Credits		Taxable Losses
LIHTC Partnerships:
Raymond James California Housing Opportunities Fund II	$	43	$	5	$	43	$	7
WNC Institutional Tax Credit Fund 38, L.P.		21		3		22		4
Merritt Community Capital Corporation Fund XV, L.P.		47		6		48		8
California Affordable Housing Fund		—		3		1		6
Boston Capital		22		6		11		5
Total	$	133	$	23	$	125	$	30

	For the Six Months Ended
	June 30, 2021				June 30, 2020
	Generated		Tax Benefits From		Generated		Tax Benefits From
(Amounts in thousands)	Tax Credits		Taxable Losses		Tax Credits		Taxable Losses
LIHTC Partnerships:
Raymond James California Housing Opportunities Fund II	$	85	$	10	$	85	$	14
WNC Institutional Tax Credit Fund 38, L.P.		42		5		44		8
Merritt Community Capital Corporation Fund XV, L.P.		95		12		96		16
California Affordable Housing Fund		—		7		1		11
Boston Capital		44		12		22		11
Total	$	266	$	46	$	248	$	60

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

(Amounts in thousands)
LIHTC Partnerships:													2025
Anticipated income tax benefit, net less													and
amortization of investments	2021			2022			2023			2024			thereafter			Total
Raymond James California Housing Opportunities Fund II	$	7		$	14		$	11		$	6		$	10		$	48
WNC Institutional Tax Credit Fund 38, L.P.		5			9			8			5			6			33
Merritt Community Capital Corporation Fund XV, L.P.		(6	)		(13	)		(9	)		(2	)		(12	)		(42	)
California Affordable Housing Fund		(5	)		(58	)		—			—			—			(63	)
Boston Capital		11			24			23			23			148			229
Total income tax benefit, net	$	12		$	(24	)	$	33		$	32		$	152		$	205