Investment Securities (Tables)

9 Months Ended

Sep. 30, 2014

Investment Securities [Abstract]

Investment securities held to maturity

Investment securities - held to maturity consist of the following:

	September 30, 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	$	-	$	-	$	-	$	14,798	$	14,798	$	14,798
	$	-	$	-	$	-	$	14,798	$	14,798	$	14,798

Investment securities held for trading

Investment securities - trading consist of the following:

September 30, 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

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

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:	September 30, 2014		December 31, 2013
Gross unrealized gains (losses)	$	-	$	-

Realized gains (losses) on investment securities

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

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2014		2013		2014		2013
Net sale proceeds	$	-	$	3	$	956	$	9
Cost basis		-		-		936		-
Realized gains (losses)	$	-	$	3	$	20	$	9

Unrealized gains (losses) on investment securities

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

	Three Months Ended September 30,					Nine Months Ended September 30,
(in thousands)	2014		2013			2014		2013
Cost basis	$	-	$	307		$	-	$	307
Current value		-		305			-		305
Unrealized gains (losses)	$	-	$	(2	)	$	-	$	(2	)