Investment Securities

6 Months Ended

Jun. 30, 2013

Investment Securities [Abstract]

Investment Securities

Note 3 - Investment Securities

Investment securities - held to maturity consist of the following:

(in thousands)	June 30, 2013						December 31, 2012
Held to Maturity:
U.S. Treasury Bills	$	9,500	$	9,500	$	9,500	$	79,787	$	79,787	$	79,794
	$	9,500	$	9,500	$	9,500	$	79,787	$	79,787	$	79,794

Investment securities - trading consist of the following:

June 30, 2013

December 31, 2012

(in thousands)

Carrying Value

Cost or Amortized Cost

Fair Value

Carrying Value

Cost or Amortized Cost

Fair Value

Trading:

Equity Securities

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

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

(in thousands) Held to Maturity:	June 30, 2013		December 31, 2012
Gross unrealized gains (losses)	$	-	$	7

	Second Quarter Ended					Six Months Ended
(in thousands)	June 30, 2013		June 30, 2012			June 30, 2013		June 30, 2012
Net sale proceeds	$	4	$	272		$	6	$	505
Cost basis		-		(263	)		-		(480	)
Realized gains (losses)	$	4	$	9		$	6	$	25

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

	Second Quarter Ended					Six Months Ended
(in thousands)	June 30, 2013		June 30, 2012			June 30, 2013		June 30, 2012
Cost basis	$	-	$	83		$	-	$	83
Current value		-		77			-		77
Unrealized gains (losses)	$	-	$	(6	)	$	-	$	(6	)