v3.22.2.2
Investment Securities (Tables)
9 Months Ended
Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investment Securities
Investment securities consisted of the following (in thousands):
 
 
  
September 30, 2022
 
 
  
Amortized
Cost
 
  
Unrealized
Gains
 
  
Unrealized
(Losses)
 
  
Estimated
Fair
Value
 
 
  
(Unaudited)
 
U.S. Government Agency Securities
   $ 183,278      $ 1      $ (2,070    $ 181,209  
FDIC Certificates of Deposit
     3,177        —          (73      3,104  
Certificates of Deposit
     7,500        —          —          7,500  
Commercial Paper
     125,043        —          (372      124,671  
Corporate Notes/Bonds
     215,853        —          (2,982      212,871  
    
 
 
    
 
 
    
 
 
    
 
 
 
     $ 534,851      $ 1      $ (5,497    $ 529,355  
    
 
 
    
 
 
    
 
 
    
 
 
 
 
    
December 31, 2021
 
    
Amortized
Cost
    
Unrealized
Gains
    
Unrealized
(Losses)
    
Estimated
Fair
Value
 
U.S. Government Agency Securities
   $ 71,752      $ —        $ (100    $ 71,652  
Certificates of Deposit
     26,232        1        —          26,233  
Commercial Paper
     55,955        —          (36      55,919  
Corporate Notes/Bonds
     166,394        19        (249      166,164  
    
 
 
    
 
 
    
 
 
    
 
 
 
     $ 320,333      $ 20      $ (385    $ 319,968