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Affordable Housing Tax Credit Limited Partnership | 3 Months Ended
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Mar. 31, 2017
Equity Method Investments and Joint Ventures [Abstract] |
Affordable Housing Tax Credit Limited Partnership | Affordable Housing Tax Credit Limited Partnership LCNB is a limited partner in limited partnerships that sponsor affordable housing projects utilizing the Low Income Housing Tax Credit (LIHTC) pursuant to Section 42 of the Internal Revenue Code. The purpose of the investments is to achieve a satisfactory return on capital, to facilitate the sale of additional affordable housing product offerings, and to assist in achieving goals associated with the Community Reinvestment Act. The primary activities of the limited partnerships include the identification, development, and operation of multi-family housing that is leased to qualifying residential tenants. The following table presents the balances of LCNB's affordable housing tax credit investments, included in other assets in the consolidated condensed balance sheets, and related unfunded commitments, included in accrued interest and other liabilities in the consolidated condensed balance sheets, at March 31, 2017 and December 31, 2016 (in thousands):
| March 31, 2017 |  | December 31, 2016
Affordable housing tax credit investment | $ | 2,000 |  |  | $ | 2,000 |
Less amortization | 134 |  |  | 93 |
Net affordable housing tax credit investment | $ | 1,866 |  |  | $ | 1,907 |
Unfunded commitment | $ | 1,617 |  |  | $ | 1,617 |
LCNB expects to fund the unfunded commitment over 10.00 years. The following table presents other information relating to LCNB's affordable housing tax credit investments for the periods indicated (in thousands):
| Three Months Ended March 31,
| 2017 |  | 2016
Tax credits and other tax benefits recognized | $ | 51 |  |  | $ | 28 |
Tax credit amortization expense included in provision for income taxes | 41 |  |  | 20 |

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- Definition The entire disclosure for Affordable Housing Program (AHP). + References No definition available. + Details
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