Investment in Securities (Tables)

6 Months Ended

Jun. 30, 2016

Investment in Securities [Abstract]

Investments in Securities

Investments in securities at June 30, 2016, December 31, 2015 and June 30, 2015 consisted of the following:

	June 30, 2016				December 31, 2015				June 30, 2015
	Cost		Fair Value		Cost		Fair Value		Cost		Fair Value
	(In thousands)
Trading securities:
Common stocks	$	16	$	17	$	385	$	368	$	-	$	-
Total trading securities		16		17		385		368		-		-
Available for sale securities:
Common stocks		17,642		32,062		17,898		32,607		13,578		37,429
Total available for sale securities		17,642		32,062		17,898		32,607		13,578		37,429
Total investments in securities	$	17,658	$	32,079	$	18,283	$	32,975	$	13,578	$	37,429

Securities Sold, Not Yet Purchased

Securities sold, not yet purchased at June 30, 2016, December 31, 2015 and June 30, 2015 consisted of the following:

	June 30, 2016						December 31, 2015						June 30, 2015
	Proceeds			Fair Value			Proceeds			Fair Value			Proceeds			Fair Value
Trading securities:	(In thousands)
Common stocks		$	-		$	-		$	123		$	129		$	-		$	-
Total securities sold, not yet purchased		$	-		$	-		$	123		$	129		$	-		$	-

Reclassifications Out of Accumulated Other Comprehensive Income

The following table identifies all reclassifications out of accumulated other comprehensive income ("AOCI") into income for the three and six months ended June 30, 2016 and 2015 (in thousands):

Amount								Affected Line Items	Reason for
Reclassified								in the Statements	Reclassification
from AOCI								Of Income	from AOCI
Three Months Ended June 30,
2016				2015
	$	2			$	2		Net gain from investments	Realized gain on sale of AFS securities
		152				35		Other operating expenses/net gain from investments	Realized gain on donation of AFS securities
		154				37		Income before income taxes
		(57	)			(14	)	Income tax provision
	$	97			$	23		Net income

Amount								Affected Line Items	Reason for
Reclassified								in the Statements	Reclassification
from AOCI								Of Income	from AOCI
Six Months Ended June 30,
2016				2015
	$	4			$	5		Net gain from investments	Realized gain on sale of AFS securities
		152				35		Other operating expenses/net gain from investments	Realized gain on donation of AFS securities
		156				40		Income before income taxes
		(58	)			(15	)	Income tax provision
	$	98			$	25		Net income

Summary of Available-for-sale Securities

The following is a summary of the cost, gross unrealized gains, gross unrealized losses and fair value of available for sale investments as of June 30, 2016, December 31, 2015 and June 30, 2015:

	June 30, 2016
				Gross			Gross
				Unrealized			Unrealized
	Cost			Gains			Losses			Fair Value
	(In thousands)
Common stocks		$	17,642		$	14,420		$	-		$	32,062
Total available for sale securities		$	17,642		$	14,420		$	-		$	32,062

	December 31, 2015
				Gross			Gross
				Unrealized			Unrealized
	Cost			Gains			Losses			Fair Value
	(In thousands)
Common stocks		$	17,898		$	14,709		$	-		$	32,607
Total available for sale securities		$	17,898		$	14,709		$	-		$	32,607

	June 30, 2015
				Gross			Gross
				Unrealized			Unrealized
	Cost			Gains			Losses			Fair Value
	(In thousands)
Common stocks		$	13,578		$	23,851		$	-		$	37,429
Total available for sale securities		$	13,578		$	23,851		$	-		$	37,429