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Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2015
Financial Instruments [Abstract]  
Schedule Of Trading Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INVESTMENTS - TRADING

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

December 31, 2015

 

December 31, 2014

U.S. government agency MBS and CMOs

 

$

 3,225 

 

$

 9,719 

U.S. government agency debt securities

 

 

 12,737 

 

 

 25,785 

RMBS

 

 

 98 

 

 

 358 

U.S. Treasury securities

 

 

 1,355 

 

 

 1,131 

CLOs

 

 

 -

 

 

 952 

Other ABS

 

 

 2,048 

 

 

 112 

SBA loans

 

 

 29,931 

 

 

 29,679 

Corporate bonds and redeemable preferred stock

 

 

 19,873 

 

 

 22,142 

Municipal bonds

 

 

 24,053 

 

 

 33,664 

Derivatives

 

 

 1,158 

 

 

 1,930 

Certificates of deposit

 

 

 263 

 

 

 985 

Equity securities

 

 

 -

 

 

 291 

    Investments-trading

 

$

 94,741 

 

$

 126,748 

 

Schedule Of Trading Securities Sold, Not Yet Purchased

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TRADING SECURITIES SOLD, NOT YET PURCHASED

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

December 31, 2015

 

December 31, 2014

U.S. government agency MBS

 

$

 -

 

$

 1,666 

U.S. Treasury securities

 

 

 12,050 

 

 

 15,644 

SBA loans

 

 

 -

 

 

 4 

Corporate bonds and redeemable preferred stock

 

 

 25,851 

 

 

 31,406 

Municipal bonds

 

 

 20 

 

 

 20 

Derivatives

 

 

 1,181 

 

 

 -

Equity securities

 

 

 82 

 

 

 -

    Trading securities sold, not yet purchased

 

$

 39,184 

 

$

 48,740 

 

Schedule Of Other Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OTHER INVESTMENTS, AT FAIR VALUE

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

Cost

 

Carrying Value

 

Unrealized Gain(Loss)

CLOs

 

$

 14,877 

 

$

 11,569 

 

$

 (3,308)

CDOs

 

 

 193 

 

 

 34 

 

 

 (159)

Equity Securities:

 

 

 

 

 

 

 

 

 

EuroDekania

 

 

 5,300 

 

 

 2,502 

 

 

 (2,798)

Tiptree

 

 

 1,009 

 

 

 353 

 

 

 (656)

Other securities

 

 

 176 

 

 

 43 

 

 

 (133)

Total equity securities

 

 

 6,485 

 

 

 2,898 

 

 

 (3,587)

Residential loans

 

 

 111 

 

 

 383 

 

 

 272 

Foreign currency forward contracts

 

 

 -

 

 

 (4)

 

 

 (4)

    Other investments, at fair value

 

$

 21,666 

 

$

 14,880 

 

$

 (6,786)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

Cost

 

Carrying Value

 

Unrealized Gain(Loss)

CLOs

 

$

 23,139 

 

$

 21,518 

 

$

 (1,621)

CDOs

 

 

 193 

 

 

 11 

 

 

 (182)

Equity Securities:

 

 

 

 

 

 

 

 

 

EuroDekania

 

 

 6,503 

 

 

 3,717 

 

 

 (2,786)

Tiptree

 

 

 5,455 

 

 

 2,472 

 

 

 (2,983)

Other securities

 

 

 176 

 

 

 33 

 

 

 (143)

Total equity securities

 

 

 12,134 

 

 

 6,222 

 

 

 (5,912)

Residential loans

 

 

 118 

 

 

 565 

 

 

 447 

Foreign currency forward contracts

 

 

 -

 

 

 83 

 

 

 83 

    Other investments, at fair value

 

$

 35,584 

 

$

 28,399 

 

$

 (7,185)