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Investments in Qualified Affordable Housing Projects
 9 Months Ended
Sep. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Qualified Affordable Housing Projects
Investments in Qualified Affordable Housing Projects
(In Thousands)

The Company has investments in qualified affordable housing projects (“QAHPs”) that provide low income housing tax credits and operating loss benefits over an extended period.  At September 30, 2015 and December 31, 2014, the Company’s carrying value of QAHPs was $8,021 and $8,993, respectively. The Company has no remaining funding obligations related to the QAHPs.  The investments in QAHPs are being accounted for using the cost method. The investments in QAHPs are included in “Other assets” on the Consolidated Balance Sheets.

Components of the Company's investments in qualified affordable housing projects were included in the line item “Income taxes” in the Consolidated Statements of Income for the periods presented:
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2015
 
2014
 
2015
 
2014
Tax credit amortization
$
324

 
$
289

 
$
972

 
$
866

Tax credits and other benefits
(471
)
 
(403
)
 
(1,412
)
 
(1,300
)
Total
$
(147
)
 
$
(114
)
 
$
(440
)
 
$
(434
)