Investment Securities

9 Months Ended

Sep. 30, 2012

Investment Securities [Abstract]

Investment Securities

Note 3 - Investment Securities

Investment securities - held to maturity consist of the following:

	September 30, 2012						December 31, 2011
(in thousands)	Carrying Value		Cost or Amortized Cost		Fair Value		Carrying Value		Cost or Amortized Cost		Fair Value
Held to Maturity:
U.S. Treasury Bills	$	5,199	$	5,199	$	5,200	$	-	$	-	$	-
	$	5,199	$	5,199	$	5,200	$	-	$	-	$	-

Investment securities - trading consist of the following:

	September 30, 2012						December 31, 2011
(in thousands)	Carrying Value		Cost or Amortized Cost		Fair Value		Carrying Value		Cost or Amortized Cost		Fair Value
Trading:
Equity Securities	$	-	$	-	$	-	$	212	$	224	$	212
	$	-	$	-	$	-	$	212	$	224	$	212

The gross unrealized gains (losses) on investment securities - held to maturity consist of the following:

(in thousands) Held to Maturity:	September 30, 2012		December 31, 2011
Gross unrealized gains (losses)	$	1	$	-

Unrealized gains (losses) on investment securities - trading are as follows:

	Third Quarter Ended					Nine Months Ended
(in thousands)	September 30, 2012		September 30, 2011			September 30, 2012		September 30, 2011
Cost basis	$	-	$	224		$	-	$	224
Current value		-		194			-		194
Unrealized gains (losses)	$	-	$	(30	)	$	-	$	(30	)

Realized gains (losses) on the sales of investment securities – trading as follows:

	Third Quarter Ended					Nine Months Ended
(in thousands)	September 30, 2012			September 30, 2011		September 30, 2012			September 30, 2011
Net sale proceeds	$	89		$	3	$	594		$	555
Cost basis		(83	)		-		(563	)		(537	)
Realized gains (losses)	$	6		$	3	$	31		$	18