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FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2013
FAIR VALUE MEASUREMENTS  
Schedule of measurement of fair value on a recurring basis
 
   
Fair Value Measurements at September 30, 2013 with:
 
(in thousands)
 
Quoted prices
in active
markets for
identical
assets
   
Significant
other observable
inputs
   
Significant
unobservable
inputs
 
   
(Level 1)
   
(Level 2)
   
(Level 3)
 
Assets:
                 
Trading securities
  $ -     $ 6,285     $ -  
Available-for-sale securities
                       
       Municipal obligations
  $ -     $ 37,245     $ -  
       Corporate obligations
    -       762       -  
    $ -     $ 38,007     $ -  
  
 
   
Fair Value Measurements at December 31, 2012 with:
 
(in thousands)
 
Quoted prices in active markets for identical assets
   
Significant other observable inputs
   
Significant unobservable inputs
 
   
(Level 1)
   
(Level 2)
   
(Level 3)
 
Assets:
                 
Trading securities
  $ -     $ 6,026     $ -  
Available-for-sale securities
                       
       Municipal obligations
  $ -     $ 35,606     $ -  
       Corporate obligations
    -       1,317       -  
    $ -     $ 36,923     $ -