6.	Securities and Loan Securities Carried at Fair Value

Securities and loan securities carried at fair value are summarized in the table below (in thousands):


	March 31, 2014				December 31, 2013
	Cost		Fair Value		Cost		Fair Value

Loan securities	$	161	$	226	$	161	$	226

	$	161	$	226	$	161	$	226

During the three months ended March 31, 2014, securities carried at fair value were sold for total proceeds of approximately $75,000. The Trust recorded a gain on these sales of approximately $2,000 in the three months ended March 31, 2014.

During the three months ended March 31, 2013, securities carried at fair value were sold for total proceeds of approximately $9,090,000. The Trust recorded a loss on these sales of approximately $102,000 in the three months ended March 31, 2013.

For purpose of determining gains or losses, the cost of securities is based on specific identification. For the three months ended March 31, 2014 and 2013, the Trust recognized net unrealized gains on securities carried at fair value and loan securities carried at fair value of $0 and $1,718,000 respectively, as the result of the change in fair value of the financial assets for which the fair value option was elected.