Investment Securities

6 Months Ended

Jun. 30, 2012

Investment Securities [Abstract]

Investment Securities

Note 3 - Investment Securities

Investment securities - held to maturity, consist of U.S. Treasury Bills with original maturities generally of three months or more and are carried at amortized cost (which includes accrued interest), based upon the Company's intent and ability to hold these investments to maturity.

Investment securities - trading, consist of investments in equity securities held for trading purposes and are carried at fair value with net unrealized gains and losses recorded directly in the consolidated statement of operations.

Investment securities held to maturity consist of the following:

	June 30, 2012						December 31, 2011
(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	$	5,399	$	5,399	$	5,400	$	-	$	-	$	-
	$	5,399	$	5,399	$	5,400	$	-	$	-	$	-

Investment securities held for trading consist of the following:

	June 30, 2012						December 31, 2011
(in thousands)	Carrying Value		Cost or Amortized Cost		Fair Value		Carrying Value		Cost or Amortized Cost		Fair Value
Trading:
Equity Securities	$	77	$	83	$	77	$	212	$	224	$	212
	$	77	$	83	$	77	$	212	$	224	$	212

The gross unrealized gains (losses) on investment securities held to maturity consist of the following:

(in thousands)

Held to Maturity:	June 30, 2012		December 31, 2011
Gross unrealized gains (losses)	$	1	$	-

Unrealized gains (losses) on investment securities held for trading are as follows:

	Second Quarter Ended					Six Months Ended
(in thousands)	June 30, 2012			June 30, 2011		June 30, 2012			June 30, 2011
Cost basis	$	83		$	-	$	83		$	-
Current value		77			-		77			-
Unrealized gains (losses)	$	(6	)	$	-	$	(6	)	$	-

	Second Quarter Ended						Six Months Ended
(in thousands)	June 30, 2012			June 30, 2011			June 30, 2012			June 30, 2011
Net sale proceeds	$	272		$	435		$	505		$	552
Cost basis		(263	)		(426	)		(480	)		(537	)
Realized gains (losses)	$	9		$	9		$	25		$	15