LOW INCOME HOUSING PROJECT INVESTMENTS Low Income Housing Project Investments (Tables)

12 Months Ended

Dec. 31, 2019

Low Income Housing Project Investments [Abstract]

Investments in Low Income Housing Projects [Table Text Block]

The following table presents certain information related to the Company's investments in low income housing projects as of December 31 of the years presented:

	2019		2018		2017
	(Dollars in thousands)
Original investment value	$	96,275	$	50,232	$	47,399
Current recorded investment	$	72,510	$	33,681	$	35,225
Unfunded liability obligation	$	34,967	$	3,935	$	4,536
Tax credits and benefits earned during the year	$	7,342	$	5,407	$	5,654
Amortization of investments during the year (1)	$	5,645	$	4,377	$	4,402
Net income tax benefit recognized during the year	$	1,696	$	1,030	$	1,253

(1)

The 2017 amount is inclusive of $466,000 related to the revaluation of Low Income Housing tax credit investments as a result of the 2017 Tax Act.