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Investment in Limited Partnerships
9 Months Ended
Sep. 30, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Investment in Limited Partnerships

8.

INVESTMENTS IN LIMITED PARTNERSHIPS

The Bank holds investments in affordable housing projects for which it provides funding as a limited partner and has received tax credits related to its investments in the projects based on its partnership share.  Historically, the Bank’s investments have included both direct investments and investments in funds that invest solely in affordable housing projects.  The net assets of the partnerships consist primarily of apartment complexes, and the primary liabilities consist of those associated with the operation of the partnerships.  The Company has determined that these structures require evaluation as a VIE under Accounting Standards Codification (“ASC”) Topic 810, Consolidation.  The Company consolidates one of the funds in which it has a 99.9% limited partnership interest.  Assets recorded by the Company as a result of the consolidation were less than $0.1 million as of both September 30, 2015 and December 31, 2014.