Annual report pursuant to Section 13 and 15(d)

Investments in Securities

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Investments in Securities
12 Months Ended
Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]  
Investments in Securities
Investments in Securities

During the year ended December 31, 2016, the Company purchased and sold approximately $16.5 million of investment securities and recognized a de minimis gain from the sale.

During the year ended December 31, 2015, the Company sold investment securities for proceeds of approximately $3.3 million and recognized a de minimis gain from the sale.

During the year ended December 31, 2014, the Company sold approximately $0.6 million of investment securities and recognized a gain of approximately $0.1 million.