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Investments in Qualified Affordable Housing Projects
 12 Months Ended
Dec. 31, 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 December 31, 2015 and December 31, 2014, the Company’s carrying value of QAHPs was $7,666 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 effective yield 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:
 
Year Ended
 
December 31,
 
2015
 
2014
Investment amortization
$
1,328

 
$
1,594

Tax credits and other benefits
(1,883
)
 
(2,265
)
Total
$
(555
)
 
$
(671
)