INVESTMENTS

12 Months Ended

Dec. 31, 2019

INVESTMENTS

INVESTMENTS

NOTE 4 — INVESTMENTS

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

December 31, 2019:	Level 1		Level 2		Level 3		Total
Corporate Bonds		—		4,772		—		4,772
Money Market & CD’s		—		336		—		336
	$	—	$	5,108	$	—	$	5,108
December 31, 2018:
Corporate Bonds	$	—	$	2,165	$	—	$	2,165
Money Market & CD’s		—		2,757		—		2,757
	$	—	$	4,922	$	—	$	4,922

The Cooperative’s investments held to maturity are as follows as of December 31, 2019 and 2018 (in thousands):

	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
December 31, 2019:
Corporate Bonds		4,691		81		—		4,772
Money Market & CD’s		336		—		—		336
	$	5,027	$	81	$	—	$	5,108
December 31, 2018:
Corporate Bonds	$	2,164	$	2	$	(1)	$	2,165
Money Market & CD’s		2,757		—		—		2,757
	$	4,921	$	2	$	(1)	$	4,922

Corporate bond maturities are as follows as of December 31, 2019 (in thousands):

	Less than 1 year		1 to 5 Years		Greater than 5 years		Total
Corporate Bonds	$	1,471		3,014		206	$	4,691
	$	1,471	$	3,014	$	206	$	4,691