XML 60 R34.htm IDEA: XBRL DOCUMENT v3.19.1
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]: Repurchase and Resale Agreements Policy (Policies)
12 Months Ended
Dec. 31, 2018
Policies  
Repurchase and Resale Agreements Policy Securities purchased under agreements to resell ("resale agreements") are carried at the amounts at which the securities will be subsequently resold as specified in the agreements. Resale agreements are utilized to invest excess funds on a short-term basis. At December 31, 2018, the Company had $12,063,000 invested in resale agreements, all of which settled on January 2, 2019 and were subsequently reinvested. The Company maintains control of securities purchased under resale agreements, values the collateral on a daily basis (102% is required) and obtains additional collateral, if necessary, to protect the Company in the event of default by the counterparties.