DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2016

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 tables below present the fair value of the Company’s derivative financial instruments as well as their classification on the condensed consolidated balance sheets as of March 31, 2016 and December 31, 2015 (in thousands):

		Fair Value
Derivative Instrument	Balance Sheet Classification	March 31, 2016		December 31, 2015
Interest Rate Swaps	Other Liabilities	$	131	$	27

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

The tables below present the fair value of the Company’s derivative financial instruments as well as their classification on the condensed consolidated balance sheets as of March 31, 2016 and December 31, 2015 (in thousands):

		Fair Value
Derivative Instrument	Balance Sheet Classification	March 31, 2016		December 31, 2015
Interest Rate Swaps	Other Liabilities	$	131	$	27

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

	Net deferral in OCI of derivatives (effective portion)							Net reclassification from AOCI into income (effective portion)
	For the quarter ended March 31,						Statement of earnings	For the quarter ended March 31,
Derivative Instruments	2016			2015			classification	2016			2015
Interest Rate Swaps	$	(136	)	$	(151	)	Interest expense	$	(32	)	$	(51	)