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

6 Months Ended

Jun. 30, 2019

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:

	June 30 2019			December 31 2018
	(Dollars in thousands)
Original investment value	$	59,750		$	50,232
Current recorded investment	39,240			33,681
Unfunded liability obligation	7,811			3,935
Tax credits and benefits	6,727		(1)	5,407
Amortization of investments	5,079		(2)	4,377
Net income tax benefit	1,648		(3)	1,030

(1) This amount reflects anticipated tax credits and tax benefits for the full year ended December 31, 2019.

(2) The amortization amount reduces the tax credits and benefits anticipated for the full year ended December 31, 2019.

(3) This amount represents the net tax benefit expected to be realized for the full year ended December 31, 2019 in determining the Company's effective tax rate.