Note 9 - Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2014

Disclosure Text Block [Abstract]

Comprehensive Income (Loss) Note [Text Block]

9 – Accumulated Other Comprehensive Income

The following table shows the components of accumulated other comprehensive loss, net of tax, (in thousands):

	Three Months Ended June 30, 2014
	Cash Flow Swaps			Available for Sale Securities			Total
Balance at March 31, 2014	$	(510	)	$	(578	)	$	(1,088	)
Change in fair value		184			184			368
Sale of available for sale securities		−			150			150
Income tax deferred		(72	)		(130	)		(202	)
Balance at June 30, 2014	$	(398	)	$	(374	)	$	(772	)

	Three Months Ended June 30, 2013
	Cash Flow Swaps			Available for Sale Securities			Total
Balance at March 31, 2013	$	(1,007	)	$	(578	)	$	(1,585	)
Change in fair value		249			−			249
Income tax deferred		(96	)					(96	)
Balance at June 30, 2013	$	(854	)	$	(578	)	$	(1,432	)

	Six Months Ended June 30, 2014
	Cash Flow Swaps			Available for Sale Securities			Total
Balance at December 31, 2013	$	(624	)	$	(578	)	$	(1,202	)
Change in fair value		371			184			555
Sale of available for sale securities		−			150			150
Income tax deferred		(145	)		(130	)		(275	)
Balance at June 30, 2014	$	(398	)	$	(374	)	$	(772	)

	Six Months Ended June 30, 2013
	Cash Flow Swaps			Available for Sale Securities			Total
Balance at December 31, 2012	$	(1,178	)	$	(578	)	$	(1,756	)
Change in fair value		527			−			527
Income tax deferred		(203	)					(203	)
Balance at June 30, 2013	$	(854	)	$	(578	)	$	(1,432	)

The following table shows the amount of loss reclassified from accumulated other comprehensive loss into earnings (in thousands):

	Three Months Ended						Six Months Ended
	June 30, 2014			June 30, 2013			June 30, 2014			June 30, 2013
Losses on cash flow swaps to:
Interest expense	$	(47	)	$	(85	)	$	(111	)	$	(171	)
Income tax benefit		18			33			43			66
Total reclassifications	$	(29	)	$	(52	)	$	(68	)	$	(105	)