Investments is Low Income Housing Tax Credits Investements in Low Income Housing Tax Credits (Tables)

3 Months Ended

Mar. 31, 2014

The following table presents the pertinent information related to the Company's investments in low income housing projects as of the date indicated:



	March 31, 2014
	(dollars in thousands)
Original investment value	$	27,543
Current recorded investment	26,946
Unfunded liability obligation	23,279
Tax credits and benefits (1)	1,629
Amortization of investments (2)	1,101
Net income tax benefit (3)	528


(1)	The amount reflected in this row represent both the tax credits as well as the tax benefits expected to be generated by the Low Income Housing Projects operating loss for the year ended December 31, 2014.


(2)	This amount reduces the tax credits and benefits expected to be generated by the Low Income Housing Projects for the year ended December 31, 2014.


(3)	This amount represents the net tax benefit expected to be realized for the year ended December 31, 2014 in determining the Company's effective tax rate as of March 31, 2014.