XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.21.2

Note 4 - Qualified Affordable Housing Project Investment | 9 Months Ended
--- | ---
Sep. 30, 2021
Notes to Financial Statements |
Investment [Text Block] | 4. Qualified Affordable Housing Project Investment On January 19, 2018, the Bank entered into an agreement to invest in qualified affordable housing projects through a limited liability company. At September 30, 2021 and December 31, 2020, the balance of the Bank’s investment was $2.6 million and $2.9 million, respectively, and is reflected in other assets on the consolidated balance sheets. The unfunded commitment related to the qualified affordable housing project investment was $396,000 and $496,000, respectively, at September 30, 2021 and December 31, 2020 and is reflected in other liabilities on the consolidated balance sheets. The Bank expects to fulfill the commitment as capital calls are made through 2029. The investment is accounted for using the proportional amortization method. During the three month periods ended September 30, 2021 and 2020, the Bank recognized amortization expense of $89,000 and $67,000, respectively, which was included in income tax expense on the consolidated statements of income. Additionally, during the three month periods ended September 30, 2021 and 2020, the Bank recognized tax credits and other tax benefits from its qualified affordable housing project investment of $106,000 and $129,000, respectively. During the nine month periods ended September 30, 2021 and 2020, the Bank recognized amortization expense of $266,000 and $249,000, respectively, which was included in income tax expense on the consolidated statements of income. Additionally, during the nine month periods ended September 30, 2021 and 2020, the Bank recognized tax credits and other tax benefits from its qualified affordable housing project investment of $317,000 and $349,000, respectively.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 321 -URI http://asc.fasb.org/topic&trid=75115024 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 325 -URI http://asc.fasb.org/topic&trid=2197064 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
Name: | us-gaap_InvestmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration