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HELD-TO-MATURITY DEBT SECURITIES
 3 Months Ended
Mar. 31, 2019
HELD-TO-MATURITY DEBT SECURITIES  
HELD-TO-MATURITY DEBT SECURITIES

5.     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 March 31, 2019 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2019

 

    

 

    

Gross Unrecognized

    

Aggregate

 

 

Amortized Cost

 

Gains

 

Losses

 

Fair Value

Current

 

$

997,176

 

$

167

 

$

 —

 

$

997,343

Long-Term

 

 

1,991,119

 

 

5,545

 

 

 —

 

 

1,996,664

Total

 

$

2,988,295

 

$

5,712

 

$

 —

 

$

2,994,007

 

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