7. Equity Securities
We own the following equity securities:
|
December 31, |
2013 | 2012 | |||||
|---|---|---|---|---|---|---|---|
|
Federal Reserve Bank stock |
$ | 2,919,700 | $ | 1,553,250 | |||
|
Atlantic Central Bankers Bank stock |
189,500 | 119,500 | |||||
|
Federal Home Loan Bank stock |
1,994,200 | 1,520,400 | |||||
|
SLMA stock |
413,910 | 269,798 | |||||
|
Maryland Financial Bank stock |
152,497 | 152,496 | |||||
| | | | | | | | |
|
Total |
$ | 5,669,807 | $ | 3,615,444 | |||
| | | | | | | | |
| | | | | | | | |
With the exception of the SLMA stock, which we carry at fair value based on current quoted market prices, we carry these securities at cost and have evaluated them for other than temporary impairment. In 2013 and 2012, we did not record any such impairment.