Investment Securities (Tables)

3 Months Ended

Mar. 31, 2013

Investment Securities [Abstract]

Investment securities held to maturity

Investment securities - held to maturity consist of the following:

	March 31, 2013						December 31, 2012
(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	$	78,970	$	78,970	$	78,973	$	79,787	$	79,787	$	79,794
	$	78,970	$	78,970	$	78,973	$	79,787	$	79,787	$	79,794

Investment securities held for trading

Investment securities - trading consist of the following:

March 31, 2013

December 31, 2012

(in thousands)

Carrying Value

Cost or Amortized Cost

Fair Value

Carrying Value

Cost or Amortized Cost

Fair Value

Trading:

Equity Securities

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Gross unrealized gains (losses) on investment securities held to maturity

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

(in thousands) Held to Maturity:	March 31, 2013		December 31, 2012
Gross unrealized gains (losses)	$	3	$	7

Unrealized gains (losses) on investment securities

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

(in thousands)	Three Months Ended March 31, 2013		Three Months Ended March 31, 2012
Cost basis	$	-	$	-
Current value		-		-
Unrealized gains (losses)	$	-	$	-

Realized gains (losses) on investment securities

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

(in thousands)	Three Months Ended March 31, 2013			Three Months Ended March 31, 2012
Net sale proceeds	$	3		$	233
Cost basis		(1	)		(217	)
Realized gains (losses)	$	2		$	16