Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Securities Available-for-sale

v3.23.3
Note 3 - Securities Available-for-sale
9 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
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 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (in thousands):

 

   

As of September 30, 2023

 
           

Gross

   

Gross

         
   

Amortized

   

Unrealized

   

Unrealized

   

Fair

 
   

Cost

   

Gains

   

Losses

   

Value

 

Available-for-sale

                               

U.S. Treasury and federal agency

  $ 43,812       3             43,815  

Community Development District bonds

    820             (34 )     786  

Corporate bonds

    299             (1 )     298  

Total available-for-sale

  $ 44,931       3       (35 )     44,899  

 

   

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.