Note 7 - Investments

12 Months Ended

Dec. 31, 2015

7.	Investments

Investments consist of the following (in thousands) as of:

	December 31,
	2014		2015
Investment in CoBank stock	$	1,475	$	1,475
Rental property		321		296
Other miscellaneous		74		75
	$	1,870	$	1,846

The investment in CoBank stock is carried at historical cost due to no readily determinable fair value for those instruments being available. Management believes there has been no other than temporary impairment in such investment. This investment consists of patronage certificates that represent ownership in the financial institution where the Company has, and in the past had, debt. These certificates yield dividends on an annual basis, and the investment is redeemed ratably subsequent to the repayment of the debt.