Affordable Housing Tax Credit Limited Partnership (Tables)

9 Months Ended

Sep. 30, 2020

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 and related unfunded commitments at September 30, 2020 and December 31, 2019 (in thousands):

	September 30, 2020		December 31, 2019
Affordable housing tax credit investment	$	10,000	7,000
Less amortization	1,203		810
Net affordable housing tax credit investment	$	8,797	6,190
Unfunded commitment	$	6,864	4,596

The following table presents other information relating to LCNB's affordable housing tax credit investments for the three and nine months ended September 30, 2020 and 2019 (in thousands):

	Three Months Ended September 30,			Nine Months Ended September 30,
	2020		2019	2020	2019
Tax credits and other tax benefits recognized	$	264	94	802	262
Tax credit amortization expense included in provision for income taxes	130		33	393	124