MONEY MARKET INVESTMENTS

12 Months Ended

Dec. 31, 2018

Cash and Cash Equivalents, at Carrying Value [Abstract]

Money Market Investments [Text Block]

NOTE5–MONEY MARKET INVESTMENTS

Money market investments are composed of time deposits with other financial institutions with original maturities of twelve months or less and short-term investments with original maturities of three months or less.

Money market investments as of December 31, 2018 and 2017 were as follows:
	2018		2017
(Dollars in thousands)
Time deposits with other financial institutions, weighted-average interest rate of 1.00%
(2017- 1.02%)	$	300	$	3,126
Other short-term investments, weighted-average interest rate of 0.29%
(2017 - weighted-average interest rate of 0.29%)		7,290		7,289
	$	7,590	$	10,415

As of December 31, 2018 and 2017, the Corporation had no money market investments pledged as collateral.