INVESTMENT SECURITIES (Tables)

6 Months Ended

Jun. 30, 2014

Investments, Debt and Equity Securities [Abstract]

Components of the Company's Investment Securities

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

	June 30, 2014		December 31, 2013
Available-for-sale securities	$	8,069	$	7,522
Trading securities	4,521		317
Total investment securities, at fair value	$	12,590	$	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
June 30, 2014
CLO securities	$	5,996	$	1,149	$	(119	)	$	7,026
Equity securities	888		155		—			1,043
Total	$	6,884	$	1,304	$	(119	)	$	8,069
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 on 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
June 30, 2014
CLO securities	$	660	$	(58	)	1	$	1,058	$	(61	)	1
Equity securities	—		—			—	—		—			—
Total	$	660	$	(58	)	1	$	1,058	$	(61	)	1
December 31, 2013
CLO securities	$	2,312	$	(196	)	3	$	—	$	—		—
Equity securities	92		(8		)	1	—		—			—
Total	$	2,404	$	(204	)	4	$	—	$	—		—