DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rates Swap Agreements

The information pertaining to outstanding interest rate swap agreements used to hedge floating rate debentures was as follows as of:

September 30, 2017:
Notional Amount		Pay Rate		Receive Rate	Effective Date	Maturity in Years	Unrealized Losses
$	2,000	5.979	%	3 month LIBOR plus 1.67%	October 1, 2016	8.51	$	340
$	3,000	7.505	%	3 month LIBOR plus 3.35%	October 30, 2012	5.08	$	326

December 31, 2016:
Notional Amount		Pay Rate		Receive Rate	Effective Date	Maturity in Years	Unrealized Losses
$	2,000	5.979	%	3 month LIBOR plus 1.67%	October 1, 2016	9.25	$	342
$	3,000	7.505	%	3 month LIBOR plus 3.35%	October 30, 2012	5.83	$	353