Qualified Affordable Housing Project Investments (Tables)

12 Months Ended

Dec. 31, 2016

Equity Method Investments and Joint Ventures [Abstract]

The following table presents the Company's original investment in the LIHTC funds, the current recorded investment balance, and the unfunded liability balance of each investment at December 31, 2016 and 2015. In addition, the table reflects the tax credits and tax benefits recorded by the Company during 2016 and 2015; the amortization of the investment and the net impact to the Company's income tax provision for 2016 and 2015.



Qualified Affordable Housing Funds at December 31, 2016	Original Investment Value		Current Recorded Investment		Unfunded Liability Obligation		Tax Credits and Tax Deductions (1)		Amortization of Investments (2)		Net Income Tax Benefit

WNC Institutional Tax Credit Fund X, CA Series 11 L.P.	$	5,000	$	3,250	$	223	$	488	$	542	$	(596	)
WNC Institutional Tax Credit Fund X, CA Series 12, L.P.	5,000		3,750		526		473		782		(637		)
Total - Investments in Qualified Affordable Housing Projects	$	10,000	$	7,000	$	749	$	961	$	1,324	$	(1,233	)

Qualified Affordable Housing Funds at December 31, 2015	Original Investment Value		Current Recorded Investment		Unfunded Liability Obligation		Tax Credits and Tax Deductions (1)		Amortization of Investments (2)		Net Income Tax Benefit
WNC Institutional Tax Credit Fund X, CA Series 11 L.P.	$	5,000	$	3,791	$	316	$	917	$	500	$	(643	)
WNC Institutional Tax Credit Fund X, CA Series 12, L.P.	5,000		4,533		2,111		819		500		(531		)
Total - Investments in Qualified Affordable Housing Funds	$	10,000	$	8,324	$	2,427	$	1,736	$	1,000	$	(1,174	)
(1) The amounts reflected in this column represent both the tax credits, as well as the tax benefits generated by the Qualified Affordable Housing Projects operating loss for the year, which are included in the calculation of income tax expense. (2) This amount represents the amortization of the investment cost of the LIHTC, included in non-interest expense.