DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2014

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of fair value of the Company's derivative financial instruments as well as their classification on the condensed consolidated balance sheets

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the condensed consolidated balance sheets as of September 30, 2014 (in thousands):

		September 30, 2014
Derivative Instrument	Balance Sheet Location	Fair Value
Interest Rate Swaps	Other Assets	$	56

Schedule of effect of the Company's derivative financial instruments on the condensed consolidated statement of income and comprehensive income

The effect of the Company’s derivative financial instruments on the condensed consolidated statement of income and comprehensive income is as follows (in thousands):

For the quarter ended			For the quarter ended
September 30, 2014			September 30, 2014
Derivative Instruments	Net deferral in OCI of derivatives (effective portion)		Statement of earnings classification	Net reclassification from AOCI into income (effective portion)
Interest Rate Swaps	$	57	Interest expense	$	(56	)

For the nine months ended				For the nine months ended
September 30, 2014				September 30, 2014
Derivative Instruments	Net deferral in OCI of derivatives (effective portion)			Statement of earnings classification	Net reclassification from AOCI into income (effective portion)
Interest Rate Swaps	$	(158	)	Interest expense	$	(173	)