Investment in Securities (Tables)

12 Months Ended

Dec. 31, 2017

Investment in Securities [Abstract]

Investments in Securities

Investments in securities at December 31, 2017 and 2016 consisted of the following:

	2017				2016
	Cost		Fair Value		Cost		Fair Value
(In thousands)
Trading securities:
Common stocks	$	26	$	34	$	51	$	54
Mutual Funds		11		11		-		-
Total trading securities		37		45		51		54
Available for sale securities:
Common stocks		17,441		36,637		18,739		37,131
Closed-end funds		99		108		99		100
Total available for sale securities		17,540		36,745		18,838		37,231
Total investments in securities	$	17,577	$	36,790	$	18,889	$	37,285

There were no securities sold, not yet purchased at December 31, 2017 and 2016.

Reclassifications Out of Accumulated Other Comprehensive Income

The following table identifies all reclassifications out of accumulated other comprehensive income and into net income for the year ended December 31, 2017 and 2016 (in thousands):

Amount							Affected Line Item	Reason for
Reclassified							in the Statements	Reclassification
from AOCI							of Income	from AOCI
Twelve months ended December 31,
2017				2016
	$	62		$	4		Net gain from investments	Realized gain / (loss) on sale of AFS securities
		3,063			1,251		Other operating expenses	Donation of AFS securities
		3,125			1,255		Income before income taxes
		(1,156	)		(464	)	Income tax expense
	$	1,969		$	791		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 December 31, 2017 and December 31, 2016:

	December 31, 2017
				Gross			Gross
				Unrealized			Unrealized			Fair
	Cost			Gains			Losses			Value
	(In thousands)
Common stocks		$	17,441		$	19,196		$	-		$	36,637
Closed-end Funds		$	99		$	9		$	-		$	108
Total available for sale securities		$	17,540		$	19,205		$	-		$	36,745

	December 31, 2016
				Gross			Gross
				Unrealized			Unrealized			Fair
	Cost			Gains			Losses			Value
	(In thousands)
Common stocks		$	18,739		$	18,392		$	-		$	37,131
Closed-end funds			99			1			-			100
Total available for sale securities		$	18,838		$	18,393		$	-		$	37,231