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Investments (Tables)
3 Months Ended
Mar. 31, 2025
Investments [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
Assets measured at fair value on a recurring basis were as follows (in thousands):
March 31, 2025
Quoted Price in Active Markets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)Total
Assets:
Obligations of U.S. Government and its agencies$— $210,450 $— $210,450 
Total assets$— $210,450 $— $210,450 
December 31, 2024
Quoted Price in Active Markets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)Total
Assets:
Obligations of U.S. Government and its agencies$— $236,460 $— $236,460 
Total assets$— $236,460 $— $236,460 
Fair Value of the Company's Investments by Type
The following tables summarize the fair value of the Company’s investments by type (in thousands):
March 31, 2025
Amortized
Cost
Accrued
Interest
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Obligations of U.S. Government and its agencies$209,203 $964 $287 $(4)$210,450 
Total investments$209,203 $964 $287 $(4)$210,450 
December 31, 2024
Amortized
Cost
Accrued
Interest
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Obligations of U.S. Government and its agencies$234,902 $1,121 $451 $(14)$236,460 
Total investments$234,902 $1,121 $451 $(14)$236,460 
Schedule of the Maturity of Investments
The following table summarizes the scheduled maturity for the Company’s investments at March 31, 2025 and December 31, 2024 (in thousands):
March 31, 2025December 31, 2024
Maturing in one year or less$189,902 $216,137 
Maturing after one year through two years20,548 20,323 
Total investments$210,450 $236,460