Investment Securities:

6 Months Ended

Jun. 30, 2012

Investment Securities [Abstract]

Investment Securities [Text Block]

Investment Securities:

The Company's investment securities consist of certificates of deposit, corporate bonds, federal tax-exempt state and municipal government bonds and sovereign bonds. All investment securities are considered available-for-sale and are “investment grade”, carried at fair value and there have been no gains or losses on their disposal. Unrealized gains and losses on available-for-sale securities, net of tax, are included in accumulated other comprehensive income in the shareholders' equity section of the Company's balance sheets. The Company had no gross unrealized gains or losses on available-for-sale securities at June 30, 2012 or December 31, 2011. The scheduled maturities of the debt securities are between 2012 and 2043 and are all callable within one year. The investment securities consist of the following at June 30, 2012 and December 31, 2011:

	June 30, 2012		December 31, 2011
Federal tax-exempt debt securities	$	33,295	$	39,745
Corporate bonds	30,622		13,263
Sovereign bonds	1,254		1,928
Certificates of deposit	6,760		5,459
	$	71,931	$	60,395