6.	Securities and Loan Securities Carried at Fair Value

Securities and loan securities carried at fair value are summarized in the table below (in thousands):


	June 30, 2014				December 31, 2013
	Cost		Fair Value		Cost		Fair Value

Loan securities	$	161	$	226	$	161	$	226

	$	161	$	226	$	161	$	226

No securities carried at fair value were sold during the three months ended June 30, 2014. During the six months ended June 30, 2014, securities carried at fair value were sold for total proceeds of approximately $75,000. The Trust recorded a gain on these sales of approximately $2,000 in the six months ended June 30, 2014.

No securities carried at fair value were sold during the three months ended June 30, 2013. During the six months ended June 30, 2013, securities carried at fair value were sold for total proceeds of approximately $9,090,000. The Trust recorded a loss on these sales of approximately $102,000 in the six months ended June 30, 2013.

For the purpose of determining gains or losses, the cost of securities is based on specific identification. For the three months ended June 30, 2014 and 2013, the Trust recognized net unrealized losses on securities carried at fair value and loan securities carried at fair value of $0 and $1,645,000, respectively, as the result of the change in fair value of the financial assets for which the fair value option was elected. For the six months ended June 30, 2014 and 2013, the Trust recognized net unrealized gains on securities carried at fair value and loan securities carried at fair value of $0, and $73,000, respectively.