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INVESTMENT SECURITIES, AVAILABLE FOR SALE
 6 Months Ended
Jun. 30, 2013
Text Block [Abstract]  
INVESTMENT SECURITIES, AVAILABLE FOR SALE

NOTE 4 — INVESTMENT SECURITIES, AVAILABLE FOR SALE

The following table presents the components of investment securities, available for sale as of:

 

(Dollars in thousands)    June 30,
2013		      December 31,
2012		  

Corporate bonds

    $ —         $ 3,060   
  

 

 

     

 

 

  

Investment securities, available for sale

    $ —         $ 3,060   
  

 

 

     

 

 

  

The amortized cost and gross unrealized holding gains for investment securities, available for sale, consisted of the following as of:

 

(Dollars in thousands)    June 30,
2013		      December 31,
2012		  

Amortized cost

    $ —         $ 2,836   

Gross unrealized holding gains

      —           224   
  

 

 

     

 

 

  

Estimated fair value

    $ —         $ 3,060   
  

 

 

     

 

 

  

In March 2013, the Company sold its remaining corporate bond position for $3.2 million and recognized a $0.3 million gain on sale of investment securities, available for sale. There were no individual investment securities with unrealized holding losses at December 31, 2012. No credit-related other-than-temporary impairment was recognized in the three or six months ended June 30, 2013, and $0.6 million of credit-related other-than-temporary impairment was recognized in the three and six months ended June 30, 2012.