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Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2013
Financial Instruments [Abstract] |
Schedule Of Trading Securities |
INVESTMENTS - TRADING
(Dollars in Thousands)
|  | December 31, 2013 |  | December 31, 2012
U.S. government agency MBS and CMOs (1) |  | $ | 13,520 |  | $ | 34,592
U.S. government agency debt securities |  |  | 32,213 |  |  | 21,066
RMBS |  |  | 1,584 |  |  | 583
CMBS |  |  | - |  |  | 12
U.S. Treasury securities |  |  | 764 |  |  | 147
Interests in securitizations (2) |  |  | 454 |  |  | 352
SBA loans |  |  | 27,719 |  |  | 15,705
Corporate bonds and redeemable preferred stock |  |  | 23,562 |  |  | 56,022
Foreign government bonds |  |  | 88 |  |  | 448
Municipal bonds |  |  | 16,024 |  |  | 37,745
Exchange traded funds |  |  | 6 |  |  | -
Certificates of deposit |  |  | 1,648 |  |  | 8,934
Equity securities |  |  | 36 |  |  | 533
Investments-trading |  | $ | 117,618 |  | $ | 176,139
(1)Includes TBAs. See note s 3-G and 10. (2)Primarily comprised of CDOs, CLOs, and ABS.
Schedule Of Trading Securities Sold, Not Yet Purchased |
TRADING SECURITIES SOLD, NOT YET PURCHASED
(Dollars in Thousands)
|  | December 31, 2013 |  | December 31, 2012
U.S. government agency MBS (1) |  | $ | 121 |  | $ | 13
U.S. Treasury securities |  |  | 38,066 |  |  | 19,722
Corporate bonds and redeemable preferred stock |  |  | 10,679 |  |  | 21,976
Foreign government bonds |  |  | 26 |  |  | -
Municipal bonds |  |  | 88 |  |  | 128
Certificates of deposit |  |  | 524 |  |  | 2,325
Equity securities |  |  | - |  |  | 3
Trading securities sold, not yet purchased |  | $ | 49,504 |  | $ | 44,167
(1)Represents TBAs. See note s 3-G and 10.
Schedule Of Other Investments |
OTHER INVESTMENTS, AT FAIR VALUE
(Dollars in Thousands)
|  | December 31, 2013
|  | Cost |  | Carrying Value |  | Unrealized Gain(Loss)
Interests in securitizations (1) |  | $ | 217 |  | $ | 35 |  | $ | (182)
Equity Securities: |  |  |  |  |  |  |  |  |
EuroDekania |  |  | 8,778 |  |  | 4,192 |  |  | (4,586)
Star Asia (2) |  |  | 23,304 |  |  | 17,104 |  |  | (6,200)
Star Asia Special Situations Fund (2) |  |  | 1,933 |  |  | 2,747 |  |  | 814
Tiptree |  |  | 5,561 |  |  | 2,282 |  |  | (3,279)
Other securities |  |  | 176 |  |  | 33 |  |  | (143)
Total equity securities |  |  | 39,752 |  |  | 26,358 |  |  | (13,394)
Residential loans |  |  | 154 |  |  | 294 |  |  | 140
Foreign currency forward contracts |  |  | - |  |  | 190 |  |  | 190
Other investments, at fair value |  | $ | 40,123 |  | $ | 26,877 |  | $ | (13,246)
|  | December 31, 2012
|  | Cost |  | Carrying Value |  | Unrealized Gain(Loss)
Interests in securitizations (1) |  | $ | 217 |  | $ | 77 |  | $ | (140)
Equity Securities: |  |  |  |  |  |  |  |  |
EuroDekania |  |  | 7,807 |  |  | 2,054 |  |  | (5,753)
Star Asia (2) |  |  | 23,304 |  |  | 30,169 |  |  | 6,865
Star Asia Special Situations Fund (2) |  |  | 1,841 |  |  | 2,503 |  |  | 662
Tiptree |  |  | 5,561 |  |  | 2,834 |  |  | (2,727)
Other securities |  |  | 232 |  |  | 431 |  |  | 199
Total equity securities |  |  | 38,745 |  |  | 37,991 |  |  | (754)
Residential loans |  |  | 230 |  |  | 255 |  |  | 25
Other investments, at fair value |  | $ | 39,192 |  | $ | 38,323 |  | $ | (869)
(1)Represents an interest in a CDO. (2)On February 20, 2014, the Company announced the completion of the sale of the Company’s ownership interests in the Star Asia Group. See note 31.

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