In footnotes to its year-end annual report, Bancfirst Corp. reported that held-to-maturity debt securities with an amortized cost of $3,929 thousand had an estimated fair value of $3,963 thousand. The balance sheet reported:

Held to maturity asset of $3,929 thousand

Explanation:

Held-to-maturity securities as the term implies, are purchased by the company to be held until they mature or at the very least, for a period longer than a year. As a result, they are to be treated as Non-current assets because they are assets that owned for over a year.

Held to Maturity assets are to be recorded at amortized cost not fair value so these debt securities will be recorded at the amortized cost of $3,929 thousand.

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