INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2014

Investments, Debt and Equity Securities [Abstract]

Components of the Company's Investment Securities

Components of investment securities are as follows (in thousands):

	March 31, 2014		December 31, 2013
Available-for-sale securities	$	8,123	$	7,522
Trading securities	977		317
Total investment securities, at fair value	$	9,100	$	7,839

Pre-tax Unrealized Gains (Losses) Relating to the Company's Investments in Equity and Collateralized Debt Obligation Securities

Available-for-sale securities.  The following table discloses the pre-tax unrealized gains (losses) relating to the Company’s investments in available-for-sale securities (in thousands):

	Cost or Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
March 31, 2014
CLO securities	$	5,844	$	1,298	$	(147	)	$	6,995
Equity securities	886		248		(6		)	1,128
Total	$	6,730	$	1,546	$	(153	)	$	8,123
December 31, 2013
CLO securities	$	5,971	$	1,315	$	(196	)	$	7,090
Equity securities	208		232		(8		)	432
Total	$	6,179	$	1,547	$	(204	)	$	7,522

Unrealized Losses Along with the Related Fair Value, Aggregated by the Length of Time the Investments were in a Continuous Unrealized Loss Position

Unrealized losses in available-for-sale securities, along with their related fair value, and aggregated by the length of time the investments were in a continuous unrealized loss position, are as follows (in thousands, except number of securities):

	Less than 12 Months							More than 12 Months
	Fair Value		Unrealized Losses			Number of Securities		Fair Value		Unrealized Losses		Number of Securities
March 31, 2014
CLO securities	$	2,292	$	(147	)	3		$	—	$	—	—
Equity securities	771		(6		)	2		—		—		—
Total	$	3,063	$	(153	)	$	5	$	—	$	—	—
December 31, 2013
CLO securities	$	2,312	$	(196	)	3		$	—	$	—	—
Equity securities	92		(8		)	1		—		—		—
Total	$	2,404	$	(204	)	4		$	—	$	—	—