INVESTMENTS IN DEBT SECURITIES

3 Months Ended

Mar. 31, 2022

Investments, Debt and Equity Securities [Abstract]

INVESTMENTS IN DEBT SECURITIES

4. INVESTMENTS IN DEBT SECURITIES

At March 31, 2022 and December 31, 2021, the Company held investments in debt securities that were classified as held-to-maturity and carried at amortized costs. Held-to-maturity securities consisted of the following:

		March 31, 2022		December 31, 2021
States and Municipalities	$	24,387	$	24,387

Contractual maturity of held-to-maturity securities at March 31, 2022, is $24,387, all due in one year or less, and total value of securities at their respective maturity dates is $24,387. Actual maturities may differ from contractual maturities because some borrowers have the right to call or prepay obligations with or without call or prepayment penalties.