INVESTMENTS

9 Months Ended

Sep. 30, 2019

INVESTMENTS

INVESTMENTS

NOTE 4 – INVESTMENTS

The Cooperative has determined fair value of its investments held to maturity based on Level 2 inputs. 

September 30, 2019:	Level 1		Level 2		Level 3		Total
US Treasury Note	$	—	$	250	$	—	$	250
Corporate Bonds		—		4,340		—		4,340
Money Market & CD’s		—		489		—		489
	$	—	$	5,079	$	—	$	5,079
December 31, 2018:
Corporate Bonds	$	—	$	2,164	$	—	$	2,164
Money Market & CD’s		—		2,758		—		2,758
	$	—	$	4,922	$	—	$	4,922

		Net Carrying	Fair
	Amount		Value
Due in 1 year or less	$	1,052	$	1,054
Due in 2 to 5 years		3,453		3,536
Due in 6 to 10 years		-		-
	$	4,505	$	4,590

The Coopertive’s investments held to maturity are as follows as of September 30, 2019 and December 31, 2018:

	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
September 30, 2019:
US Treasury Note	$	249	$	1	$	—	$	250
Corporate Bonds		4,256		84		—		4,340
Money Market & CD’s		489		—		—		489
	$	4,994	$	85	$	—	$	5,079
December 31, 2018:
Corporate Bonds	$	2,163	$	2	$	(1)	$	2,164
Money Market & CD’s		2,758		—		—		2,758
	$	4,921	$	2	$	(1)	$	4,922

Maturities are as follows as of September 30, 2019:

	Less than 1 year		1 to 5 Years		Total
Coporate Bonds	$	803		3,453	$	4,256
US Treasury Note		249		—		249
	$	1,052	$	3,453	$	4,505