Fair Value Measurements at December 31, 2016 with:

(in thousands)

Total

Quoted prices in
active markets for
identical assets

Significant
other
observable
inputs

Significant
unobservable
inputs

(Level 1)

(Level 2)

(Level 3)

Assets:

Available-for-sale securities:

Municipal Obligations

$

9,330

$

—

$

9,330

$

—

Corporate Obligations

—

$

9,330

$

—

$

9,330

$

—

Investments measured at Net Asset Value-Trading securities

$

5,547

Fair Value Measurements at December 31, 2015 with:

(in thousands)

Total

Quoted prices in
active markets for
identical assets

Significant
other
observable
inputs

Significant
unobservable
inputs

(Level 1)

(Level 2)

(Level 3)

Assets:

Available-for-sale securities:

Municipal Obligations

$

30,996

$

—

$

30,996

$

—

Corporate Obligations

3,958

—

3,958

—

$

34,954

$

—

$

34,954

$

—

Investments measured at Net Asset Value-Trading securities

$

6,491