Investment Securities

12 Months Ended

Dec. 31, 2012

Investment Securities [Abstract]

Investment Securities

Note 3 - Investment Securities

Investment securities - held to maturity consist of the following:

	December 31, 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	$	79,787	$	79,787	$	79,794	$	-	$	-	$	-
	$	79,787	$	79,787	$	79,794	$	-	$	-	$	-

Investment securities – trading consist of the following:

	December 31, 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	$	-	$	-	$	-	$	212	$	224	$	212
	$	-	$	-	$	-	$	212	$	224	$	212

AMBASE CORPORATION AND SUBSIDIARIES

Notes to Consolidated Financial Statements

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

(in thousands)

Held to Maturity:	December 31, 2012		December 31, 2011
Gross unrealized gains (losses)	$	7	$	-

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

(in thousands)

	December 31, 2012		December 31, 2011
Cost basis	$	-	$	224
Current value		-		212
Unrealized gains (losses)	$	-	$	(12	)

Realized gains (losses) on the sales of investment securities – trading are as follows:

(in thousands) 

	Year Ended December 31, 2012			Year Ended December 31, 2011
Net sale proceeds	$	931		$	556
Cost basis		(893	)		(537	)
Realized gains (losses)	$	38		$	19