Investment Securities

12 Months Ended

Dec. 31, 2013

Investment Securities [Abstract]

Investment Securities

Note 3 - Investment Securities

Investment securities - held to maturity consist of the following:

	December 31, 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		$	14,798		$	14,798		$	14,798		$	79,787		$	79,787		$	79,794
		$	14,798		$	14,798		$	14,798		$	79,787		$	79,787		$	79,794

Investment securities – trading consist of the following:

December 31, 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:	December 31, 2013			December 31, 2012
Gross unrealized gains (losses)		$	-		$	7

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

(in thousands)

	Year Ended December 31, 2013		December 31, 2012
Net sale proceeds	$	817	$	931
Cost basis		778		893
Realized gains (losses)	$	39	$	38

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

(in thousands)

	December 31, 2013		December 31, 2012
Cost basis	$	-	$	-
Current value		-		-
Unrealized gains (losses)	$	-	$	-