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INVESTMENT SECURITIES (Tables)
6 Months Ended
Jun. 30, 2019
Investments Debt And Equity Securities [Abstract]  
Held-to-maturity Securities

The following tables summarize our investment securities at June 30, 2019 and December 31, 2018:

 

(in thousands)

 

  June 30, 2019  

 

 

 

Amortized cost, as adjusted

 

 

Gross unrealized holding gains

 

 

  Gross unrealized holding losses

 

 

Estimated fair value

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Obligations of domestic governmental agencies (maturing between July 2019 and June 2020) (held-to-maturity)

 

$

27,748

 

 

$

45

 

 

$

 

 

$

27,793

 

Total short-term investment securities

 

$

27,748

 

 

$

45

 

 

$

 

 

$

27,793

 

 

 

 

  December 31, 2018  

 

 

 

Amortized cost, as adjusted

 

 

Gross unrealized holding gains

 

 

Gross unrealized holding losses

 

 

Estimated fair value

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Obligations of domestic governmental agencies (maturing between January 2019 and November 2019) (held-to-maturity)

 

$

26,943

 

 

$

2

 

 

$

10

 

 

$

26,935

 

Total short-term investment securities

 

$

26,943

 

 

$

2

 

 

$

10

 

 

$

26,935