Note 4 - Investment Securities

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

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

Note

4

— Investment Securities

We have invested in Class L shares of the JPMorgan Managed Income Fund. The JPMorgan Managed Income Fund has an average maturity of approximately

one

year, duration of approximately

six

months, and approximately

24%

of such fund’s holdings are AAA-rated with

0%

non-investment grade rated.

Investment securities are included in Level

1

of the fair value hierarchy and consisted of the following (in thousands):

	December 31,				December 31,
	2019				2018
	Fair value		Cost		Fair value		Cost
JPMorgan Managed Income Fund	$	62,207	$	62,178	$	72,453	$	72,567