Investments is Low Income Housing Tax Credits Investments in Low Income Housing Tax Credits (Tables)

9 Months Ended

Sep. 30, 2018

Equity Method Investments and Joint Ventures [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 the dates indicated:

	September 30 2018			December 31 2017
	(Dollars in thousands)
Original investment value	$	47,464		$	47,399
Current recorded investment	32,032			35,225
Unfunded liability obligation	2,003			4,536
Tax credits and benefits	5,458		(1)	5,654
Amortization of investments	4,334		(2)	4,402		(4)
Net income tax benefit	1,124		(3)	1,253

(1) This amount reflects anticipated tax credits and tax benefits for the full year ended December 31, 2018.

(2) The amortization amount reduces the tax credits and benefits anticipated for the full year ended December 31, 2018.

(3) This amount represents the net tax benefit expected to be realized for the full year ended December 31, 2018 in determining the Company's effective tax rate.

(4) The 2017 amount is inclusive of $466,000 related to the revaluation of LIHTC investments as a result of the Tax Act.