AVAILABLE-FOR-SALE – The amortized cost and fair value of securities classified as available-for-sale (AFS) are summarized below:



(in 000s)
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses ⁽¹⁾			Fair Value
As of October 31, 2013:
Long-term:
Mortgage-backed securities	$	465,861	$	4,422	$	(9,348	)	$	460,935
Municipal bonds	4,149		260		—			4,409
	$	470,010	$	4,682	$	(9,348	)	$	465,344
As of October 31, 2012:
Short-term:
Municipal bonds	$	1,003	$	11	$	—		$	1,014
Long-term:
Mortgage-backed securities	378,055		6,116		(109		)	384,062
Municipal bonds	4,207		371		—			4,578
	382,262		6,487		(109		)	388,640
	$	383,265	$	6,498	$	(109	)	$	389,654
As of April 30, 2013:
Long-term:
Mortgage-backed securities	$	476,450	$	6,592	$	(664	)	$	482,378
Municipal bonds	4,178		320		—			4,498
	$	480,628	$	6,912	$	(664	)	$	486,876


⁽¹⁾	As of October 31, 2013 and April 30, 2013, we had no securities that had been in a continuous loss position for more than twelve months. As of October 31, 2012, mortgage-backed securities with a cost of $4.6 million and gross unrealized losses of $1 thousand had been in a continuous loss position for more than twelve months.

We did not sell any AFS securities during the six months ended October 31, 2013. During the six months ended October 31, 2012, we received proceeds of $5.2 million from the sale of AFS securities and recorded a gross realized gain of $0.2 million on this sale. We did not record any other-than-temporary impairments of AFS securities during the six months ended October 31, 2013 and 2012.

Contractual maturities of AFS debt securities at October 31, 2013, occur at varying dates over the next 30 years, and are set forth in the table below.



(in 000s)
	Amortized Cost		Fair Value
Maturing in:
Two to five years	$	4,149	$	4,409
Beyond	465,861		460,935
	$	470,010	$	465,344