AVAILABLE-FOR-SALE SECURITIES

12 Months Ended

Sep. 30, 2012

AVAILABLE-FOR-SALE SECURITIES

AVAILABLE-FOR-SALE SECURITIES

NOTE 9—AVAILABLE-FOR-SALE SECURITIES

        Information regarding our available-for-sale securities is set forth in the table below (dollars in thousands):

	September 30, 2012			September 30, 2011
Cost basis	$	789		$	2,488
Unrealized gains		499			406
Unrealized losses		(39	)		(128	)
Market value	$	1,249		$	2,766

        Unrealized gains and losses are reflected as a component of accumulated other comprehensive income in the accompanying consolidated balance sheets.

        The Trust's available-for-sale equity securities were determined to be Level 1 financial assets within the valuation hierarchy established by current accounting guidance, and the valuation is based on current market quotes received from financial sources that trade such securities. All of the available-for-sale securities in an unrealized loss position are not considered impaired on an other than temporary basis because the Trust expects the value of these securities to recover and plans on holding them until at least such recovery.

        Information regarding the sales of available-for-sale debt and equity securities is presented in the table below (dollars in thousands):

	Year ended September 30,
	2012		2011		2010
Proceeds from sale	$	3,939	$	7,590	$	3,425
less cost basis		3,334		6,271		1,839
Gain on sale	$	605	$	1,319	$	1,586

        For the year ended September 30, 2012, the gain or loss on sale was determined using specific identification. For the years ended September 30, 2011 and 2010 the calculation of gain or loss on sale was determined using an average cost.