Investment Securities

6 Months Ended

Dec. 31, 2012

Investment Securities

Investment Securities

Note 7.  Investment Securities

The amortized cost, gross unrealized gains and losses, and fair value of the Company’s investment securities as of December 31, 2012 and June 30, 2012:

December 31, 2012

(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Trading
Equity securities	$	6,636	$	191	$	(189	)	$	6,638

June 30, 2012

(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Trading
Equity securities	$	6,874	$	157	$	(364	)	$	6,667

The Company uses the specific identification method to determine the cost of securities sold.  For the three months ended December 31, 2012 the Company had gains on investments of $71, of which $132 were realized gains and $61 were unrealized losses.  For the three months ended December 31, 2011, the Company had gains on investments of $702, of which $27 were realized gains and $675 were unrealized gains.  For the six months ended December 31, 2012 the Company had gains on investments of $305, of which $96 were realized gains and $209 were unrealized gains.  For the six months ended December 31, 2011, the Company had losses on investments of $297, of which $146 were realized losses and $151 were unrealized losses.

As of December 31, 2012 and June 30, 2012, there were no securities held from a single issuer that represented more than 10% of shareholders’ equity.  As of December 31, 2012, securities with an aggregate fair value of $2,982 were in an unrealized loss position totaling $189.  As of June 30, 2012, securities with an aggregate fair value of $3,466 were in an unrealized loss position totaling $364.  No securities were in a continuous unrealized loss position for more than 12 months as of December 31, 2012 and June 30, 2012.