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Investments
 12 Months Ended
Dec. 31, 2024
Investments [Abstract]  
Investments Investments
Investments consisted of the following:
(in thousands)December 31,
2024		December 31,
2023
SERP investments at fair value$2,670 $2,290 
Cost method investments12,813 10,675 
Equity method investments226 233 
Total investments$15,709 $13,198 

SERP investments at fair value: The fair value of the SERP investments are based on unadjusted quoted prices in active markets and are classified as Level 1 of the fair value hierarchy.

Cost method investments: Shentel’s investment in CoBank’s Class A common stock, derived from the CoBank patronage program, represented substantially all of the Company’s cost method investments with a balance of $12.1 million and $10.1 million at December 31, 2024 and 2023, respectively. Shentel recognized approximately $1.7 million, $0.5 million and $0.1 million of patronage income in other income (expense) in 2024, 2023 and 2022, respectively. The Company expects that approximately 75% of the patronage distributions will be collected in cash and 25% in equity, to be paid and distributed in 2025.