BBX Capital Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Securities Available for Sale

Note 3 - Securities Available for Sale

3 Months Ended

Mar. 31, 2023

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

3. Securities Available-for-Sale

The following table summarizes the amortized cost and fair value of securities available-for-sale at March 31, 2023 and December 31, 2022 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (in thousands):

	As of March 31, 2023
			Gross		Gross
	*Amortized*		*Unrealized*		*Unrealized*			*Fair*
	*Cost*		*Gains*		*Losses*			*Value*
Available-for-sale
U.S. Treasury and federal agency	$	44,579		18		—			44,597
Community Development District bonds		820		3		—			823
Corporate bonds		2,324				(7	)		2,317
Total available-for-sale		47,723		21		(7	)		47,737

	*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

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.