Low-Income Housing Tax Credits	3 Months Ended
Mar. 31, 2017
Low-Income Housing Tax Credits [Abstract]
Low-Income Housing Tax Credits	Note 4. Low-Income Housing Tax Credits The Company was invested in 4 separate housing equity funds at both March 31, 2017 and December 31, 2016. The general purpose of these funds is to encourage and assist participants in investing in low-income residential rental properties located in the Commonwealth of Virginia; develop and implement strategies to maintain projects as low-income housing; deliver Federal Low Income Housing Credits to investors; allocate tax losses and other possible tax benefits to investors; and preserve and protect project assets. The investments in these funds were recorded as other assets on the consolidated balance sheets and were $3.8 million and $3.9 million at March 31, 2017 and December 31, 2016, respectively. The expected terms of these investments and the related tax benefits run through 2032. During the three months ended March 31, 2017 and 2016, the Company recognized tax credits and other tax benefits related to these investments of $122 thousand and $126 thousand, respectively. Total projected tax credits to be received for 2017 are $471 thousand, which is based on the most recent quarterly estimates received from the funds. Additional capital calls expected for the funds totaled $2.5 million at both March 31, 2017 and December 31, 2016 and are recorded in accrued expenses and other liabilities on the corresponding consolidated balance sheet. During the quarters ended March 31, 2017 and 2016, the Company recognized amortization expense of $80 thousand and $73 thousand, respectively, which is included within noninterest expense on the consolidated statements of income.

Note 4. Low-Income Housing Tax Credits

The Company was invested in 4 separate housing equity funds at both March 31, 2017 and December 31, 2016. The general purpose of these funds is to encourage and assist participants in investing in low-income residential rental properties located in the Commonwealth of Virginia; develop and implement strategies to maintain projects as low-income housing; deliver Federal Low Income Housing Credits to investors; allocate tax losses and other possible tax benefits to investors; and preserve and protect project assets.

The investments in these funds were recorded as other assets on the consolidated balance sheets and were $3.8 million and $3.9 million at March 31, 2017 and December 31, 2016, respectively. The expected terms of these investments and the related tax benefits run through 2032. During the three months ended March 31, 2017 and 2016, the Company recognized tax credits and other tax benefits related to these investments of $122 thousand and $126 thousand, respectively. Total projected tax credits to be received for 2017 are $471 thousand, which is based on the most recent quarterly estimates received from the funds. Additional capital calls expected for the funds totaled $2.5 million at both March 31, 2017 and December 31, 2016 and are recorded in accrued expenses and other liabilities on the corresponding consolidated balance sheet. During the quarters ended March 31, 2017 and 2016, the Company recognized amortization expense of $80 thousand and $73 thousand, respectively, which is included within noninterest expense on the consolidated statements of income.