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Investments in Securities
3 Months Ended
Mar. 31, 2016
Investments Debt And Equity Securities [Abstract]  
Investments in Securities

4. INVESTMENTS IN SECURITIES

 

Investments in securities as of March 31, 2016 consisted of the following:

 

 

 

 

 

 

 

Gross Unrealized

 

 

 

 

 

 

 

Cost Basis

 

 

Gains

 

 

Losses

 

 

Value

 

Investment securities, available-for-sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common and preferred stocks

 

$

2,447,855

 

 

$

2,108,791

 

 

$

(5,835

)

 

$

4,550,811

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total investment in securities

 

$

2,447,855

 

 

$

2,108,791

 

 

$

(5,835

)

 

$

4,550,811