Investment Securities Available for Sale

6 Months Ended

Jun. 30, 2014

Available-for-sale Securities [Abstract]

Investment Securities Available for Sale

INVESTMENT SECURITIES AVAILABLE FOR SALE

The components of investment securities available for sale at June 30, 2014 were as follows:

	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Marketable equity securities	$	55,602	$	68,738	$	(1,306	)	$	123,034
Mutual funds invested in fixed income securities	60,217		305		—			60,522
Marketable debt securities	52,883		1,744		(416		)	54,211
Total investment securities available for sale	$	168,702	$	70,787	$	(1,722	)	$	237,767

The components of investment securities available for sale at December 31, 2013 were as follows:

	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Marketable equity securities	$	53,586	$	65,851	$	(963	)	$	118,474
Marketable debt securities	53,063		1,497		(500		)	54,060
Total investment securities available for sale	$	106,649	$	67,348	$	(1,463	)	$	172,534

The table below summarizes the maturity dates of marketable debt securities at June 30, 2014.

Investment Type:	Market Value		Under 1 Year		1 Year up to 5 Years		More than 5 Years
U.S. Government securities	$	11,197	$	830	$	10,367	$	—
Corporate securities	30,648		2,906		20,206		7,536
U.S. mortgage backed securities	214		—		214		—
Commercial mortgage-backed securities	6,645		854		5,791		—
U.S. asset backed securities	5,061		—		5,061		—
Government agencies	192		—		192		—
Index-linked U.S. bonds	254		—		254		—
Total marketable debt securities by maturity dates	$	54,211	$	4,590	$	42,085	$	7,536