Annual report pursuant to Section 13 and 15(d)

INVESTMENT SECURITIES

v3.6.0.2
INVESTMENT SECURITIES
 12 Months Ended
Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]  
INVESTMENT SECURITIES
INVESTMENT SECURITIES
 
The amortized cost and estimated fair values of available-for-sale securities are as follows (dollar amounts in thousands):
As of December 31, 2016
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
U.S. government securities funds
 
$
1,799

 
$
—

 
$
(23
)
 
$
1,776

Total short-term investment securities
 
$
1,799

 
$
—

 
$
(23
)
 
$
1,776

As of December 31, 2015
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
U.S. government securities funds
 
$
1,794

 
$
—

 
$
(22
)
 
$
1,772

Total short-term investment securities
 
$
1,794

 
$
—

 
$
(22
)
 
$
1,772


 
During 2016, 2015, and 2014, the proceeds from the sales of available-for-sale securities were $5,000, $0.8 million, and $0.2 million, respectively. During the year ended December 31, 2016, the Company had no gross realized gains (losses) on sales of available-for-sale securities (net of tax). During the year ended December 31, 2015, the Company had gross realized gains of $0.3 million on sales of available-for-sale securities (net of tax). There were zero realized gains (losses) on sales of available-for-sales securities (net of tax) for the year ended December 31, 2014.
 
The Company’s trading securities portfolio totaled $1.4 million and $1.0 million at December 31, 2016 and 2015, respectively, and generated gains of $0.1 million, and losses of $5,000, and gains of $0.1 million, for the years ended December 31, 2016, 2015, and 2014, respectively.