Available-For-Sale Securities

6 Months Ended

Mar. 31, 2013

Available-For-Sale Securities

Available-For-Sale Securities

Note 7 — Available-For-Sale Securities

Information regarding our available-for-sale securities, all of which are equity securities, is set forth below (dollars in thousands):

	March 31, 2013			September 30, 2012
Cost basis	$	283		$	789
Unrealized gains	80			499
Unrealized losses	(38		)	(39		)
Market value	$	325		$	1,249

Unrealized gains and losses are reflected as accumulated other comprehensive income (loss) 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 to be other than temporarily impaired 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 equity securities is presented in the table below (dollars in thousands):

	Three months endedMarch 31,				Six months endedMarch 31,
	2013		2012		2013		2012
Proceeds from sale	$	991	$	1,957	$	991	$	2,513
Less cost basis	509		1,615		509		2,189
Gain on sale	$	482	$	342	$	482	$	324

Gain on sale was determined using specific identification.