Affordable Housing Tax Credit Limited Partnership (Tables)

6 Months Ended

Jun. 30, 2017

Equity Method Investments and Joint Ventures [Abstract]

Activity in Affordable Housing Program Obligation

The following table presents the balances of LCNB's affordable housing tax credit investments, included in other assets in the consolidated condensed balance sheets, and related unfunded commitments, included in accrued interest and other liabilities in the consolidated condensed balance sheets, at June 30, 2017 and December 31, 2016 (in thousands):

	June 30, 2017		December 31, 2016
Affordable housing tax credit investment	$	3,000	$	2,000
Less amortization	175		93
Net affordable housing tax credit investment	$	2,825	$	1,907
Unfunded commitment	$	2,452	$	1,617

LCNB expects to fund the unfunded commitment over 10.0 years.

The following table presents other information relating to LCNB's affordable housing tax credit investments for the periods indicated (in thousands):

	Six Months Ended June 30,
	2017		2016
Tax credits and other tax benefits recognized	$	79	$	55
Tax credit amortization expense included in provision for income taxes	82		41