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

6 Months Ended

Jun. 30, 2016

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:

	June 30, 2016		December 31, 2015
	(Dollars in thousands)
Original investment value	$	42,379	$	42,199
Current recorded investment	36,513		38,151
Unfunded liability obligation	10,356		14,607
Tax credits and benefits (1)	5,357		3,632
Amortization of investments (2)	3,672		2,450
Net income tax benefit (3)	1,685		1,182

(1) This amount reflects anticipated tax credits and tax benefits for the full years ended December 31, 2016 and 2015.

(2) The amortization amount reduces the tax credits and benefits anticipated for the full years ended December 31, 2016 and 2015.

(3) This amount represents the net tax benefit expected to be realized for the full years ended December 31, 2016 and 2015 in determining the Company's effective tax rate.