Investments in held-to-maturity debt securities (Tables)

3 Months Ended

Mar. 31, 2022

Investments in held-to-maturity debt securities

Schedule of investments held-to-maturity debt securities by type

Investments in held-to-maturity debt securities as of March 31, 2022 are summarized by type below (in thousands).

	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value⁽¹⁾
U.S. government	$	300	$	—	$	(2	)	$	298
Corporate and other taxable bonds		1,679		—		(6	)		1,673
Other		435		—		(1	)		434
	$	2,414	$	—	$	(9	)	$	2,405

Schedule of amortized cost and estimated fair value of held-to-maturity debt securities by contractual maturity dates

The amortized cost and estimated fair value of held-to-maturity debt securities at March 31, 2022 are summarized below by contractual maturity dates (in thousands).

	Due in one year or less		Due after one year through five years		Mortgage-backed securities		Total
Amortized cost	$	76	$	2,038	$	300	$	2,414
Fair value⁽¹⁾		76		2,031		298		2,405

Schedule of unrealized loss on held-to-maturity debt securities

The following table shows the gross unrealized holding losses and fair value of our held-to-maturity securities with unrealized holding losses, summarized by type of securities and length of time that individual securities had been in a continuous loss position deemed to be temporary as of March, 31, 2022 (in thousands).

	Less than 12 months					12 months or more				Total
	Fair value⁽¹⁾		Gross unrealized losses			Fair value⁽¹⁾		Gross unrealized losses		Fair value⁽¹⁾		Gross unrealized losses
U.S. government	$	298	$	(2	)	$	—	$	—	$	298	$	(2	)
Corporate and other taxable bonds		1,673		(6	)		—		—		1,673		(6	)
Other		434		(1	)		—		—		434		(1	)
	$	2,405	$	(9	)	$	—	$	—	$	2,405	$	(9	)

We did not consider any of our held-to-maturity securities to be impaired as of March 31, 2022. When evaluating for impairment we assess indicators that include but are not limited to, financial performance, changes in underlying credit ratings, market conditions and offers to purchase or sell.

(1)	The fair value of the Company's held-to-maturity debt securities are determined based upon inputs, other than the quoted prices in active markets, that are observable either directly or indirectly, and are classified as level 2 fair value measurements.