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Qualified Affordable Housing Projects | 3 Months Ended
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Mar. 31, 2017
Investments in Affordable Housing Projects [Abstract] |
Qualified Affordable Housing Projects | QUALIFIED AFFORDABLE HOUSING PROJECTS We invest in affordable housing projects primarily to help satisfy our Community Reinvestment Act requirements. As a limited partner in these operating partnerships, we receive tax credits and tax deductions for losses incurred by the underlying properties. We use the cost method to account for these partnerships. Our total investment in qualified affordable housing projects was $11.0 million at March 31, 2017 and $11.7 million at December 31, 2016. We had no open commitments to fund current or future investments in qualified affordable housing projects at March 31, 2017 or December 31, 2016. Amortization expense, included in other noninterest expense in the Consolidated Statements of Comprehensive Income, was $0.8 million for the three months ended March 31, 2017 and March 31, 2016. The amortization expense was offset by tax credits of $0.9 million for the three months ended March 31, 2017 and March 31, 2016 as a reduction to our federal tax provision.

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