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

9 Months Ended

Sep. 30, 2014

Investments in Low Income Housing Tax Credits [Abstract]

Investments in Low Income Housing Projects [Table Text Block]

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

	September 30, 2014
	(Dollars in thousands)
Original investment value	$	29,543
Current recorded investment	26,305
Unfunded liability obligation	22,273
Tax credits and benefits (1)	1,557
Amortization of investments (2)	1,098
Net income tax benefit (3)	459

(1) This amount reflects anticipated tax credits and tax benefits for the year ended December 31, 2014.

(2) The amortization amount reduces the tax credits and benefits anticipated 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 September 30, 2014.