Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2013

Cash and Available For Sale Securities Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses and Fair Value By Significant Investment Category

The following table represents cash and the available-for-sale securities adjusted cost, gross unrealized gains, gross unrealized losses and fair value by significant investment category recorded as cash and cash equivalents or investment securities as of June 30, 2013 and December 31, 2012:

	June 30, 2013
	Cost		Unrealized Gains		Unrealized Losses		Accrued Interest		Estimated Fair Value		Cash & Cash Equivalents		Investment Securities

Cash	$	42,531,000	$	-	$	-	$	-	$	42,531,000	$	42,531,000	$	-

Level 1:
Money Market Accounts		1,874,000		-		-		-		1,874,000		1,874,000		-
Mutual Funds		9,361,000		16,000		(242,000)		-		9,135,000		-		9,135,000
Corporate Equity Securities		4,527,000		410,000		(170,000)		-		4,767,000		-		4,767,000
Government & Agency Securities		7,809,000		76,000		(90,000)		29,000		7,824,000		-		7,824,000
		23,571,000		502,000		(502,000)		29,000		23,600,000		1,874,000		21,726,000

Level 2:
Municipal Bonds		3,629,000		88,000		(1,000)		24,000		3,740,000		-		3,740,000
Corporate Bonds		8,211,000		60,000		(87,000)		57,000		8,241,000		-		8,241,000
		11,840,000		148,000		(88,000)		81,000		11,981,000		-		11,981,000

Total	$	77,942,000	$	650,000	$	(590,000)	$	110,000	$	78,112,000	$	44,405,000	$	33,707,000

	December 31, 2012
	Cost		Unrealized Gains		Unrealized Losses		Accrued Interest		Estimated Fair Value		Cash & Cash Equivalents		Investment Securities

Cash	$	38,977,000	$	-	$	-	$	-	$	38,977,000	$	38,977,000	$	-

Level 1:
Money Market Accounts		960,000		-		-		-		960,000		960,000		-
Mutual Funds		234,000		13,000		(1,000)		-		246,000		-		246,000
Corporate Equity Securities		1,853,000		489,000		(46,000)		-		2,296,000		-		2,296,000
Government & Agency Securities		7,004,000		180,000		(3,000)		34,000		7,215,000		-		7,215,000
		10,051,000		682,000		(50,000)		34,000		10,717,000		960,000		9,757,000

Level 2:
Municipal Bonds		4,197,000		124,000		(4,000)		27,000		4,344,000		-		4,344,000
Corporate Bonds		5,772,000		136,000		(2,000)		50,000		5,956,000		-		5,956,000
		9,969,000		260,000		(6,000)		77,000		10,300,000		-		10,300,000

Total	$	58,997,000	$	942,000	$	(56,000)	$	111,000	$	59,994,000	$	39,937,000	$	20,057,000

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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