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

9 Months Ended

Sep. 30, 2015

Equity Method Investments and Joint Ventures [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 dates indicated:

	September 30, 2015		December 31, 2014
	(Dollars in thousands)
Original investment value	$	42,626	$	40,541
Current recorded investment	38,929		38,943
Unfunded liability obligation	15,272		28,004
Tax credits and benefits (1)	4,151		1,683
Amortization of investments (2)	2,840		1,089
Net income tax benefit (3)	1,314		594

(1) This amount reflects anticipated tax credits and tax benefits for the full years ended December 31, 2015 and 2014.

(2) The amortization amount reduces the tax credits and benefits anticipated for the full years ended December 31, 2015 and 2014.

(3) This amount represents the net tax benefit expected to be realized for the full years ended December 31, 2015 and 2014 in determining the Company's effective tax rate.