Investment Securities

12 Months Ended

Dec. 31, 2011

Investment Securities [Abstract]

Investment Securities

Note 3 - Investment Securities

Investment securities consist of the following:

	December 31, 2011						December 31, 2010
(in thousands)		Carrying Value		Cost or Amortized Cost		Fair Value		Carrying Value		Cost or Amortized Cost		Fair Value
Held to Maturity:
U.S. Treasury Bills	$	-	$	-	$	-	$	8,200	$	8,200	$	8,199
Trading:
Equity Securities		212		224		212		-		-		-
	$	212	$	224	$	212	$	8,200	$	8,200	$	8,199

The gross unrealized gain (loss) on investment securities held to maturity consists of the following:

(in thousands)

Held to Maturity:		December 31, 2011		December 31, 2010
Gross unrealized (loss) gain	$	-	$	(1	)

Realized gain on the sales of investment securities held for trading:

(in thousands)

		Full Year 2011			Full Year 2010
Net sale proceeds	$	556		$	977
Cost basis		(537	)		(946	)
Realized gain	$	19		$	31

AMBASE CORPORATION AND SUBSIDIARIES

Notes to Consolidated Financial Statements

Unrealized losses on investment securities held for trading is as follows:

(in thousands)

		December 31, 2011			December 31, 2010
Cost basis	$	224		$	-
Current value		212			-
Unrealized losses	$	(12	)	$	-