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Investments, Available-For-Sale
3 Months Ended
Mar. 31, 2012
Investments, Available-For-Sale  
Investments, Available-For-Sale

D.                        Investments, Available-For-Sale

 

During the three month period ended March 31, 2012 and 2011, there were no investment securities purchases.

 

During the three month period ended March 31, 2011, the Company sold available-for-sale securities for proceeds of $14.0 million which resulted in gross realized gains of $4.0 million, $2.6 million of which was reclassified from accumulated other comprehensive income. The Company uses the average cost method to determine the cost of securities sold.