DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2018

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:

March 31, 2018:
Notional Amount		Pay Rate		Receive Rate	Effective Date	Maturity in Years	Unrealized Losses
$	2,000	5.979	%	3 month LIBOR plus 1.67%	10/1/2016	8.01	$	236
$	3,000	7.505	%	3 month LIBOR plus 3.35%	10/30/2012	4.59	$	199

December 31, 2017:
Notional Amount		Pay Rate		Receive Rate	Effective Date	Maturity in Years	Unrealized Losses
$	2,000	5.979	%	3 month LIBOR plus 1.67%	10/1/2016	8.25	$	301
$	3,000	7.505	%	3 month LIBOR plus 3.35%	10/30/2012	4.83	$	270