INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 30, 2014

Investments, Debt and Equity Securities [Abstract]

Components of the Company's Investment Securities

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

	September 30, 2014		December 31, 2013
Available-for-sale securities	$	8,829	$	7,522
Trading securities	1,016		317
Total investment securities, at fair value	$	9,845	$	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
September 30, 2014
CLO securities	$	6,514	$	1,395	$	(27	)	$	7,882
Equity securities	888		59		—			947
Total	$	7,402	$	1,454	$	(27	)	$	8,829
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
September 30, 2014
CLO securities	$	700	$	(3	)	1	$	439	$	(24	)	1
Equity securities	—		—			—	—		—			—
Total	$	700	$	(3	)	1	$	439	$	(24	)	1
December 31, 2013
CLO securities	$	2,312	$	(196	)	3	$	—	$	—		—
Equity securities	92		(8		)	1	—		—			—
Total	$	2,404	$	(204	)	4	$	—	$	—		—