TRADING SECURITY |
12 Months Ended |
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Dec. 31, 2021 | |
Investments, Debt and Equity Securities [Abstract] | |
TRADING SECURITY | TRADING SECURITY The Company holds a tax advantaged economic development bond that is being accounted for at fair value. The security had an amortized cost of $7.9 million and $8.7 million and a fair value of $8.4 million and $9.7 million at year-end 2021 and 2020, respectively. Unrealized losses recorded through income on this security totaled $0.6 million, $0.3 million, and $0.3 million for 2021, 2020, and 2019, respectively. As discussed further in Note 16 - Derivative Instruments and Hedging Activities, the Company has entered into a swap contract to swap-out the fixed rate of the security in exchange for a variable rate. The Company does not purchase securities with the intent of selling them in the near term, and there are no other debt securities in the trading portfolio at year-end 2021 and 2020 |