Investment in Securities (Tables)

9 Months Ended

Sep. 30, 2016

Investment in Securities [Abstract]

Investments in Securities

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

	September 30, 2016				December 31, 2015				September 30, 2015
	Cost		Fair Value		Cost		Fair Value		Cost		Fair Value
	(In thousands)
Trading securities:
Common stocks	$	16	$	16	$	385	$	368	$	-	$	-
Total trading securities		16		16		385		368		-		-
Available for sale securities:
Common stocks		17,649		32,873		17,898		32,607		13,561		34,095
Total available for sale securities		17,649		32,873		17,898		32,607		13,561		34,095
Total investments in securities	$	17,665	$	32,889	$	18,283	$	32,975	$	13,561	$	34,095

Securities Sold, Not Yet Purchased

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

	September 30, 2016						December 31, 2015						September 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 nine months ended September 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 September 30,
2016				2015
	$	-			$	-		Net gain from investments	Realized gain on sale of AFS securities
		7				45		Other operating expenses/net gain from investments	Realized gain on donation of AFS securities
		7				45		Income before income taxes
		(3	)			(17	)	Income tax provision
	$	4			$	28		Net income

Amount								Affected Line Items	Reason for
Reclassified								in the Statements	Reclassification
from AOCI								Of Income	from AOCI
Nine Months Ended September 30,
2016				2015
	$	4			$	5		Net gain from investments	Realized gain on sale of AFS securities
		159				80		Other operating expenses/net gain from investments	Realized gain on donation of AFS securities
		163				85		Income before income taxes
		(61	)			(32	)	Income tax provision
	$	102			$	53		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 September 30, 2016, December 31, 2015 and September 30, 2015:

	September 30, 2016
				Gross			Gross
				Unrealized			Unrealized
	Cost			Gains			Losses			Fair Value
	(In thousands)
Common stocks		$	17,649		$	15,224		$	-		$	32,873
Total available for sale securities		$	17,649		$	15,224		$	-		$	32,873

	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

	September 30, 2015
				Gross			Gross
				Unrealized			Unrealized
	Cost			Gains			Losses			Fair Value
	(In thousands)
Common stocks		$	13,561		$	20,534		$	-		$	34,095
Total available for sale securities		$	13,561		$	20,534		$	-		$	34,095