XML 64 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investment Securities:
12 Months Ended
Dec. 31, 2012
Investment Securities [Abstract]  
Investment Securities [Text Block]
Investment Securities

Our investment securities consist of certificates of deposit, corporate bonds and federal-tax-exempt state and municipal government debt.  All investment securities are considered available-for-sale and are “investment grade”, carried at fair value and there have been no gains or losses on their disposal.  Unrealized gains and losses on available-for-sale securities, net of tax, are included in accumulated other comprehensive income in the shareholders' equity section of our consolidated balance sheets. We have no gross unrealized gains or losses on available-for-sale securities at December 31, 2012 or 2011.  Balances consist of the following at December 31:

 
 
2012
 
2011
Federal tax-exempt debt securities
 
$
23,732

 
$
39,745

Corporate bonds
 
47,037

 
13,263

Sovereign bonds
 

 
1,928

Certificates of deposit
 
8,490

 
5,459

 
 
$
79,259

 
$
60,395



The scheduled maturities of the debt securities are between 2013 and 2043 and are all callable within one year.
 
Investment income consisted of the following for each year:
 
 
 
2012
 
2011
 
2010
Corporate dividends
 
$
4

 
$
15

 
$

Tax-exempt interest
 
74

 
103

 
58

Other interest
 
219

 
358

 
77

 
 
$
297

 
$
476

 
$
135