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Derivative Hedging Instruments (Tables)
 3 Months Ended
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Derivatives [Table Text Block]
The following table summarizes the interest rate swap transactions that impacted the Company’s first quarter 2018 and 2017 performance.
 
 
AT MARCH 31, 2018
  
 
HEDGE TYPE
 
AGGREGATE
NOTIONAL
AMOUNT
 
WEIGHTED
AVERAGE
RATE
RECEIVED/
(PAID)
 
REPRICING
FREQUENCY
 
INCREASE
(DECREASE)
IN INTEREST
EXPENSE
SWAP ASSETS
 
 
FAIR VALUE
 
 
$
16,813,329
 
 
 
3.88
% 
 
 
MONTHLY
 
 
$
(23,543
) 
SWAP LIABILITIES
 
 
FAIR VALUE
 
 
 
(16,813,329
) 
 
 
(3.88
) 
 
 
MONTHLY
 
 
 
23,543
 
NET EXPOSURE
 
 
 
 
 
—
 
 
 
—
 
 
 
 
 
 
—
 
 
 
AT MARCH 31, 2017
  
 
HEDGE TYPE
 
AGGREGATE
NOTIONAL
AMOUNT
 
WEIGHTED
AVERAGE
RATE
RECEIVED/
(PAID)
 
REPRICING
FREQUENCY
 
INCREASE
(DECREASE)
IN INTEREST
EXPENSE
SWAP ASSETS
 
 
FAIR VALUE
 
 
$
5,000,000
 
 
 
3.10
% 
 
 
MONTHLY
 
 
$
(15,367
) 
SWAP LIABILITIES
 
 
FAIR VALUE
 
 
 
(5,000,000
) 
 
 
(3.10
) 
 
 
MONTHLY
 
 
 
15,367
 
NET EXPOSURE
 
 
 
 
 
—
 
 
 
—
 
 
 
 
 
 
—