INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2015

Investments, Debt and Equity Securities [Abstract]

Components of the Company's Investment Securities

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

	March 31, 2015		December 31, 2014
Available-for-sale securities	$	9,519	$	9,065
Trading securities	266		475
Total investment securities, at fair value	$	9,785	$	9,540

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, 2015
CLO securities	$	7,445	$	1,226	$	(224	)	$	8,447
Equity securities	888		184		—			1,072
Total	$	8,333	$	1,410	$	(224	)	$	9,519
December 31, 2014
CLO securities	$	6,962	$	1,228	$	(176	)	$	8,014
Equity securities	888		163		—			1,051
Total	$	7,850	$	1,391	$	(176	)	$	9,065

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
March 31, 2015
CLO securities	$	3,154	$	(224	)	5	$	—	$	—	—
Equity securities			—			—	—		—		—
Total	$	3,154	$	(224	)	5	$	—	$	—	—
December 31, 2014
CLO securities	$	2,643	$	(176	)	4	$	—	$	—	—
Equity securities	—		—			—	—		—		—
Total	$	2,643	$	(176	)	4	$	—	$	—	—