DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following table summarizes the Company’s derivative liabilities fair value balances at June 30, 2013 and December 31, 2012.

	Fair Value
(in thousands)	June 30, 2013		December 31, 2012
Interest rate swaps	$	2,698	$	3,184
Other		-		360
Total derivative financial instruments	$	2,698	$	3,544

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

The following table summarizes the derivative notional amounts at June 30, 2013 and December 31, 2012.

	Notional
(in thousands)	June 30, 2013		December 31, 2012
Interest rate swaps	$	24,853	$	24,885

Schedule of Derivative Instruments Included in Trading Activities [Table Text Block]

The following table summarizes derivative activity for the three months and six months ended June 30, 2013 and 2012.

	Realized/Unrealized (Losses) Gains For the three months ended June 30,				Realized/Unrealized (Losses) Gains For the six months ended June 30,
(in thousands)	2013		2012		2013		2012
Interest rate swaps⁽¹⁾	$	131	$	(1,607)	$	(79)	$	(1,681)
Other		172		355		215		205
Total	$	303	$	(1,252)	$	136	$	(1,476)

⁽¹⁾

The cash paid and received on both interest rate swaps and total return swaps is settled on a net basis and recorded through “Net gains (losses) on assets and derivatives.” Net cash interest paid was $0.3 million and $1.4 million for the three months ended June 30, 2013 and 2012, respectively. Net cash paid was $0.6 million and $3.1 million for the six months ended June 30, 2013 and 2012, respectively.