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NOTE 5: INVESTMENT SECURITIES: Investment, Policy (Policies)
9 Months Ended
Sep. 30, 2017
Policies  
Investment, Policy

Certain investments in debt securities categorized as available-for-sale are reported in the financial statements at an amount less than their historical cost. Total fair value of these investments at September 30, 2017 and December 31, 2016, respectively, was approximately $90.6 million and $104.5 million, which is approximately 49.2% and 48.8% of the Company’s combined available-for-sale and held-to-maturity investment portfolio, respectively.

 

Based on an evaluation of available evidence, including recent changes in market interest rates, credit rating information and information obtained from regulatory filings, management believes the declines in fair value for these debt securities below their historical cost are temporary at September 30, 2017.