Note 4 - Investment Securities

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

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

We previously invested in Class L shares of the JPMorgan Managed Income Fund. In March 2020, we redeemed the balance of the JPMorgan Managed Income Fund and realized a loss of $0.4 million.

Investment securities are included in Level 1 of the fair value hierarchy and consisted of the following (in thousands):

	December 31,				December 31,
	2020				2019
	Fair value		Cost		Fair value		Cost
JPMorgan Managed Income Fund	$	—	$	—	$	62,207	$	6,278