Investment Securities

3 Months Ended

Mar. 31, 2014

Investment Securities [Abstract]

Investment Securities

Note 3 - Investment Securities

Investment securities - held to maturity consist of the following:

	March 31, 2014						December 31, 2013
(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	$	12,996	$	12,996	$	12,996	$	14,798	$	14,798	$	14,798
	$	12,996	$	12,996	$	12,996	$	14,798	$	14,798	$	14,798

Investment securities - trading consist of the following:

March 31, 2014

December 31, 2013

(in thousands)

Carrying Value

Cost or Amortized Cost

Fair Value

Carrying Value

Cost or Amortized Cost

Fair Value

Trading:

Equity Securities

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

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

(in thousands) Held to Maturity:	March 31, 2014		December 31, 2013
Gross unrealized gains (losses)	$	-	$	-

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

	Three Months Ended March 31,
(in thousands)	2014		2013
Net sale proceeds	$	646	$	3
Less: Cost basis		634		1
Realized gains (losses)	$	12	$	2

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

	Three Months Ended March 31
(in thousands)	2014		2013
Cost basis	$	-	$	-
Current value		-		-
Unrealized gains (losses)	$	-	$	-