Investments, at Cost

3 Months Ended

Mar. 31, 2013

Note 3. Investments, at Cost

The Bank carries the following investments at cost because they are not readily marketable and there is no established market price for the investments. These investments are normally redeemed by the issuer at par value and may carry call or put options under certain circumstances.

Investments carried at cost at March 31, 2013 and December 31, 2012 consist of:


	March 31, 2013	December 31, 2012

Federal Home Loan Bank of Cincinnati common stock	$ 2,898,800	$ 2,898,800
Tenth Street Fund III, L.P. investment	495,000	495,000

	$ 3,393,800	$ 3,393,800

- Definition

The entire disclosure for investments accounted for under the cost-method. The carrying amount of such investments may be adjusted, for example, distributions in excess of cost (return of capital) or for other-than-temporary impairments. The cost method and lower-of-cost or market, an adaptation of the cost method, is generally followed for most investments in noncontrolled corporations, in some corporate joint ventures, and to a lesser extent in unconsolidated subsidiaries in which the entity does not have the ability to exercise significant influence.

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