Annual report pursuant to Section 13 and 15(d)

Note 4 - Securities Available for Sale, at Fair Value

v3.22.4
Note 4 - Securities Available for Sale, at Fair Value
12 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

4. Securities Available for Sale, at Fair Value

 

The following table summarizes the amortized cost and fair value of securities available-for-sale at December 31, 2022 and 2021 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (in thousands):

 

 

    As of December 31, 2022  
           

Gross

   

Gross

         
   

Amortized

   

Unrealized

   

Unrealized

   

Fair

 
   

Cost

   

Gains

   

Losses

   

Value

 

Available-for-sale

                               

U.S. Treasury and federal agency

  $ 13,080       11             13,091  

Community Development District bonds

    820             (7 )     813  

Corporate bonds

    4,670             (26 )     4,644  

Total available-for-sale

    18,570       11       (33 )     18,548  

 

 

 

    As of December 31, 2021  
           

Gross

   

Gross

         
   

Amortized

   

Unrealized

   

Unrealized

   

Fair

 
   

Cost

   

Gains

   

Losses

   

Value

 

Available-for-sale

                               

U.S. Treasury and federal agency

  $                    

Community Development District bonds

    820       94             914  

Corporate bonds

    4,671             (33 )     4,638  

Total available-for-sale

    5,491       94       (33 )     5,552  

 

All U.S. Treasury and federal agency securities and corporate bonds available-for-sale have maturities of less than one year. The Community Development District bonds mature after ten years.