XML 36 R23.htm IDEA: XBRL DOCUMENT v3.19.3
Qualified Affordable Housing Project Investments
9 Months Ended
Sep. 30, 2019
Federal Home Loan Banks [Abstract]  
Qualified Affordable Housing Project Investments

(15) Qualified Affordable Housing Project Investments

The Company invests in certain qualified affordable housing projects. At September 30, 2019 and December 31, 2018, the balance of the investment for qualified affordable housing projects was $4,669 and $4,276, respectively. These balances are reflected in the other assets line on the Consolidated Balance Sheet. The unfunded commitments related to the investments in qualified affordable housing projects totaled $4,173 and $4,922 at September 30, 2019 and December 31, 2018, respectively.

During the three months ended September 30, 2019 and 2018, the Company recognized amortization expense with respect to its investments in qualified affordable housing projects of $133 and $130, respectively, offset by tax credits and other benefits from its investment in affordable housing tax credits of $275 and $207, respectively.  During the nine months ended September 30, 2019 and 2018, the Company recognized amortization expense with respect to its investments in qualified affordable housing projects of $399 and $388, respectively, offset by tax credits and other benefits from its investment in affordable housing tax credits of $827 and $633, respectively. During the three and nine months ended September 30, 2019 and 2018, the Company did not incur impairment losses related to its investment in qualified affordable housing projects.