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Note 3 - U.S. Treasury Securities, Available-for-sale

9 Months Ended

Sep. 30, 2023

Available-for-sale Debt Securities [Text Block]

NOTE 3. U.S. TREASURY SECURITIES, AVAILABLE-FOR-SALE

As of September 30, 2023, the Company held U.S. Treasury securities with a fair value of approximately $98.3 million that were classified as available-for-sale. U.S. Treasury securities are held primarily to satisfy collateral requirements of its repurchase and derivative counterparties.

The amortized cost, gross unrealized holding gains and losses, and fair value of available-for-sale investments as of September 30, 2023 are as follows:

(in thousands)
			Gross		Gross
	*Amortized*		*Unrealized*		*Unrealized*		*Fair*
	*Cost*		*Gains*		*Losses*		*Value*
U.S. Treasury Bills maturing 1/2/2024 and 2/15/2024	$	98,310	$	16	$	-	$	98,326

The Company had no securities classified as available-for-sale that were in an unrealized loss position as of September 30, 2023 and December 31, 2022.