Note 14 - Available-for-sale Securities

9 Months Ended

Sep. 30, 2018

Notes to Financial Statements

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

Note 14. Available-for-sale Securities

We have purchased certain investments to meet dual objectives of capital preservation and maintenance of sufficient resources to fund insurance losses. As such, the investments are

not

held for the purpose of trading. Furthermore, due to the uncertain nature of insurance losses, the investments are

not

held-to-maturity, and are thus classified as available-for-sale securities. Unrealized holding gains and losses on these investments are excluded from earnings and reported in other comprehensive income until realized. Unrealized holding losses below, which are comprised of

ten

investments in an unrealized loss position, are

not

considered other-than-temporary, as both the duration and amount of unrealized losses have been insignificant.

(in thousands)	September 30, 2018
	Amortized cost basis		Gross unrealized losses (less than 12 months)			Fair value
US corporate securities, maturing within one to five years	$	396	$	(2	)	$	394
Certificates of deposit, maturing in less than one year		600		(0	)		600
Certificates of deposit, maturing within one to five years		500		(1	)		499
Total available-for-sale securities	$	1,496	$	(3	)	$	1,493