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MONEY MARKET INVESTMENTS

12 Months Ended

Dec. 31, 2017

Money Market Investments [Abstract]

Money Market Investments [Text Block]

NOTE 5 – MONEY MARKET INVESTMENTS

Money market investments are composed of time deposits with other financial institutions with original maturities of twelve months or less and short-term investments with original maturities of three months or less.

Money market investments as of December 31, 2017 and 2016 were as follows:
	2017			2016
(Dollars in thousands)
Time deposits with other financial institutions, weighted-average interest rate of 1.02%
(2016- 0.95%)	$	3,126		$	2,800
Other short-term investments, weighted-average interest rate of 0.29%
(2016 - weighted-average interest rate of 0.30%)		7,289			7,294
	$	10,415		$	10,094

As of December 31, 2017 and 2016, the Corporation had no money market investments pledged as collateral.

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- References

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- Definition

The entire disclosure of the components of cash, cash equivalents, and short-term investments. Short-term investments may include current marketable securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI http://asc.fasb.org/topic&trid=2196928

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 305
-URI http://asc.fasb.org/topic&trid=2122426

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