Investment Securities

9 Months Ended

Mar. 31, 2013

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 March 31, 2013 and June 30, 2012:

March 31, 2013

(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Trading
Equity securities	$	5,719	$	234	$	(47	)	$	5,906

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 March 31, 2013 the Company had a gain on investments of $538, of which $353 was realized gains and $185 was unrealized.  For the three months ended March 31, 2012, the Company had a gain on investments of $466, of which $361 was realized and $105 was unrealized.  For the nine months ended March 31, 2013 the Company had a gain on investments of $843, of which $449 was realized and $394 was unrealized.  For the nine months ended March 31, 2012, the Company had a gain on investments of $169, of which $215 was a realized gain and $46 was an unrealized loss.

As of March 31, 2013 and June 30, 2012, there were no securities held from a single issuer that represented more than 10% of shareholders’ equity.  As of March 31, 2013, securities with an aggregate fair value of $1,885 were in an unrealized loss position totaling $47.  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 March 31, 2013 and June 30, 2012.