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Investments | 9 Months Ended
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Sep. 30, 2014
Investments [Abstract] |
Cost and Equity Method Investments Disclosure [Text Block] |
4. | Investments
As noted in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013, all of the Company’s municipal bond investments are classified as held-to-maturity securities and reported at amortized cost pursuant to Accounting Standards Codification (“ASC”) 320, Investments – Debt and Equity Securities (“ASC 320”), as the Company has the intent and ability to hold all security investments to maturity. Below is a summary of the amortized cost and estimated market values of the Company’s investment securities as of as of September 30, 2014, and December 31, 2013.
|  | September 30, 2014 |  | December 31, 2013 |
|  | Amortized |  | Market |  | Amortized |  | Market |
|  | Cost |  | Value |  | Cost |  | Value |
|  | (Dollars in thousands) |
Municipal bonds: |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 4,119 |  | $ | 4,192 |  | $ | 5,196 |  | $ | 5,264 |
Due from one through five years |  |  | 15,413 |  |  | 16,315 |  |  | 17,636 |  |  | 18,527 |
Due from six through ten years |  |  | 10,367 |  |  | 10,773 |  |  | 7,388 |  |  | 7,777 |
Due from eleven through twenty years |  |  | 743 |  |  | 749 |  |  | - |  |  | - |
Total |  | $ | 30,642 |  | $ | 32,029 |  | $ | 30,220 |  | $ | 31,568 |
The unrealized gains and losses on investment securities at September 30, 2014, and at December 31, 2013, were as follows:
|  | September 30, 2014 |  | December 31, 2013 |
|  | Unrealized |  | Unrealized |  | Unrealized |  | Unrealized |
|  | Gains |  | Losses |  | Gains |  | Losses |
|  | (Dollars in thousands) |
Municipal bonds |  | $ | 1,388 |  | $ | (1) |  | $ | 1,348 |  | $ | - |
The estimated market values provided are level 2 valuations as defined by ASC 820, Fair Value Measurements and Disclosures (“ASC 820”). The Company reviewed its portfolio of investments as of September 30, 2014, and determined that no other-than-temporary market value impairment exists.

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- Definition The entire disclosure for cost method and equity method investments included basis, impairment losses, recognized or unrecognized gains (losses). + References No definition available. + Details
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