Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2014

Investments, All Other Investments [Abstract]

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 March 31, 2014 and December 31, 2013:

	2014
	Cost		Unrealized Gains		Unrealized Losses		Accrued Interest		Estimated Fair Value		Cash & Cash Equivalents		Investment Securities

Cash	$	40,262,000	$	-	$	-	$	-	$	40,262,000	$	40,262,000		-

Level 1:
Money Market Accounts		1,098,000		-		-		-		1,098,000		1,098,000		-
Mutual Funds		10,367,000		120,000		(51,000)		-		10,436,000		-		10,436,000
Corporate Equity Securities		4,740,000		1,022,000		(64,000)		-		5,698,000		-		5,698,000
Government & Agency Securities		7,395,000		65,000		(40,000)		28,000		7,448,000		-		7,448,000
		23,600,000		1,207,000		(155,000)		28,000		24,680,000		1,098,000		23,582,000

Level 2:
Municipal Bonds		4,419,000		101,000		(6,000)		27,000		4,541,000		-		4,541,000
Corporate Bonds		7,774,000		81,000		(29,000)		51,000		7,877,000		-		7,877,000
		12,193,000		182,000		(35,000)		78,000		12,418,000		-		12,418,000

Total	$	76,055,000	$	1,389,000	$	(190,000)	$	106,000	$	77,360,000	$	41,360,000	$	36,000,000

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

Cash	$	30,958,000	$	-	$	-	$	-	$	30,958,000	$	30,958,000		-

Level 1:
Money Market Accounts		5,424,000		-		-		-		5,424,000		5,424,000		-
Mutual Funds		7,887,000		127,000		(164,000)		-		7,850,000		-		7,850,000
Corporate Equity Securities		4,614,000		1,076,000		(9,000)		-		5,681,000		-		5,681,000
Government & Agency Securities		6,112,000		62,000		(43,000)		26,000		6,157,000		-		6,157,000
		24,037,000		1,265,000		(216,000)		26,000		25,112,000		5,424,000		19,688,000

Level 2:
Municipal Bonds		3,524,000		103,000		-		25,000		3,652,000		-		3,652,000
Corporate Bonds		7,995,000		74,000		(47,000)		58,000		8,080,000		-		8,080,000
		11,519,000		177,000		(47,000)		83,000		11,732,000		-		11,732,000

Total	$	66,514,000	$	1,442,000	$	(263,000)	$	109,000	$	67,802,000	$	36,382,000	$	31,420,000

- 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.

+ References+ Details