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INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2019
INVESTMENTS  
Schedule of Marketable securities

Below is a summary of the amortized cost and estimated market values of the Company’s marketable securities at December 31, 2019 and 2018. The estimated market values provided are Level 2 valuations as defined by ASC 820.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

2019

    

2018

 

    

Amortized Cost

    

Market Value

    

Amortized Cost

    

Market Value

 

 

(Dollars in thousands)

Municipal bonds:

 

 

  

 

 

  

 

 

  

 

 

  

Current

 

$

5,904

 

$

5,915

 

$

1,525

 

$

1,532

Due from one through five years

 

 

8,336

 

 

8,621

 

 

9,752

 

 

9,861

Due from six through ten years

 

 

4,255

 

 

4,618

 

 

6,239

 

 

6,433

Due from eleven through twenty years

 

 

3,223

 

 

3,430

 

 

2,711

 

 

2,713

Total

 

$

21,718

 

$

22,584

 

$

20,227

 

$

20,539

 

Schedule of Unrealized gains and losses

The unrealized gains and losses on marketable securities at December 31, 2019 and 2018 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

2019

    

2018

 

    

Unrealized

    

Unrealized

    

Unrealized

    

Unrealized

 

    

Gains

    

Losses

    

Gains

    

Losses

 

 

(Dollars in thousands)

Municipal bonds

 

$

866

 

$

 —

 

$

388

 

$

(76)