AFFORDABLE HOUSING TAX CREDIT LIMITED PARTNERSHIP (Tables)

12 Months Ended

Dec. 31, 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 investment and related unfunded commitment at December 31 (in thousands):

	2017		2016
Affordable housing tax credit investment	$	3,000	2,000
Less amortization	231		93
Net affordable housing tax credit investment	$	2,769	1,907
Unfunded commitment	$	2,257	1,617

The net affordable housing tax credit investment is included in other assets and the unfunded commitment is included in accrued interest and other liabilities in the Consolidated Balance Sheets.

LCNB expects to fund the unfunded commitment over ten years.

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

	Year ended December 31,
	2017		2016	2015
Tax credits and other tax benefits recognized	$	180	103	14
Tax credit amortization expense included in provision for income taxes	138		81	12