Investment Securities (Tables)

9 Months Ended

Sep. 30, 2013

Investment Securities [Abstract]

Investment securities held to maturity

Investment securities - held to maturity consist of the following:

	September 30, 2013						December 31, 2012
(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	$	15,999	$	15,999	$	15,999	$	79,787	$	79,787	$	79,794
	$	15,999	$	15,999	$	15,999	$	79,787	$	79,787	$	79,794

Investment securities held for trading

Investment securities - trading consist of the following:

	September 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	$	305	$	307	$	305	$	-	$	-	$	-
	$	305	$	307	$	305	$	-	$	-	$	-

Gross unrealized gains (losses) on investment securities held to maturity

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

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

Realized gains (losses) on investment securities

Realized gains (losses) on the sales of investment securities held for trading are as follows:

	Three Months Ended					Nine Months Ended
(in thousands)	September 30, 2013		September 30, 2012			September 30, 2013		September 30, 2012
Net sale proceeds	$	3	$	89		$	9	$	594
Cost basis		-		(83	)		-		(563	)
Realized gains (losses)	$	3	$	6		$	9	$	31

Unrealized gains (losses) on investment securities

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

	Three Months Ended					Nine Months Ended
(in thousands)	September 30, 2013			September 30, 2012		September 30, 2013			September 30, 2012
Cost basis	$	307		$	-	$	307		$	-
Current value		305			-		305			-
Unrealized gains (losses)	$	(2	)	$	-	$	(2	)	$	-