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Investments is Low Income Housing Tax Credits Investments in Low Income Housing Tax Credits | 9 Months Ended
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Sep. 30, 2020
Equity Method Investments and Joint Ventures [Abstract] |
Investments in Low Income Housing Projects [Text Block] | LOW INCOME HOUSING PROJECT INVESTMENTS The Company has invested in low income housing projects that generate Low Income Housing Tax Credits (“LIHTC”) which provide the Company with tax credits and operating loss tax benefits over a period of approximately 15 years. None of the original investment is expected to be repaid. The following table presents certain information related to the Company's investments in low income housing projects as of the dates indicated:
| September 30 2020 |  | December 31 2019
| (Dollars in thousands)
Original investment value | $ | 124,302 |  |  | $ | 96,275 |
Current recorded investment | 94,097 |  |  | 72,510 |
Unfunded liability obligation | 47,408 |  |  | 34,967 |
Tax credits and benefits | 10,671 |  | (1) | 7,342 |
Amortization of investments | 8,676 |  | (2) | 5,645 |
Net income tax benefit | 1,995 |  | (3) | 1,696 |
(1) This amount reflects anticipated tax credits and tax benefits for the full year ended December 31, 2020. (2) The amortization amount reduces the tax credits and benefits anticipated for the full year ended December 31, 2020. (3) This amount represents the net tax benefit expected to be realized for the full year ended December 31, 2020 in determining the Company's effective tax rate.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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