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HELD-TO-MATURITY DEBT SECURITIES
 12 Months Ended
Dec. 31, 2018
HELD-TO-MATURITY DEBT SECURITIES  
HELD-TO-MATURITY DEBT SECURITIES

4.    HELD-TO-MATURITY DEBT SECURITIES

 

The Company’s investment securities classified as held-to maturity consist of high-grade debt securities and certificates of deposit.  These investments are carried at amortized cost.  Gross unrecognized gains and losses and fair value of these securities at December 31, 2018 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

 

 

 

 

Gross Unrecognized

 

Aggregate

 

    

    Amortized Cost

    

Gains

    

Losses

    

Fair Value

Current

 

$

996,233

 

$

 —

 

$

(964)

 

$

995,269

Long-Term

 

 

1,989,923

 

 

 —

 

 

(389)

 

 

1,989,534

Total

 

$

2,986,156

 

$

 —

 

$

(1,353)

 

$

2,984,803

 

The fair value of investments in held-to maturity securities is valued under the market approach through the use of quoted prices.