XML 32 R11.htm IDEA: XBRL DOCUMENT v3.4.0.3
Note 4. Securities Purchased Under Agreements To Resell
12 Months Ended
Dec. 31, 2015
Notes  
Note 4. Securities Purchased Under Agreements To Resell

4.  Securities Purchased Under Agreements to Resell

 

Securities purchased under agreements to resell are utilized to invest excess funds on a short-term basis. At December 31, 2015, the Company had $4,595,000 invested in resale agreements, all of which settled on January 4, 2016 and were subsequently reinvested. The Company maintains control of securities purchased under resale agreements, values the collateral on a daily basis and obtains additional collateral, if necessary, to protect the Company in the event of default by the counterparties.