DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING (Tables)

6 Months Ended

Jun. 30, 2013

DERIVITIVE FINANCIAL INSTRUMENTS AND HEDGING

Schedule of derivative financial instruments

Information about our derivative financial instruments at June 30, 2013 and December 31, 2012 follows (dollars in thousands):

	June 30, 2013						December 31, 2012
	Number of Instruments	Notional Amount		Fair Value			Number of Instruments	Notional Amount		Fair Value
Interest rate swaps (asset)	3	$	29,899	$	199		—	$	—	$	—
Interest rate swaps (liability)	1	10,428		(19		)	4	41,095		(641		)
	4	$	40,327	$	180		4	$	41,095	$	(641	)

Schedule of the location in the financial statements of the loss recognized on derivative financial instruments designated as cash flow hedges

Details of the location in the financial statements of the loss recognized on derivative financial instruments designated as cash flow hedges follow (in thousands):

	Second Quarter						First Six Months
	2013			2012			2013			2012
Gain (loss) recognized in accumulated other comprehensive income on derivative financial instruments (effective portion)	$	623		$	(296	)	$	645		$	(296	)
Gain (loss) reclassified from accumulated other comprehensive income to interest expense (effective portion)	$	(87	)	$	(16	)	$	(173	)	$	(16	)
Gain (loss) recognized in gain (loss) on derivative financial instruments (ineffective portion and amounts excluded from effectiveness testing)	$	2		$	(1	)	$	2		$	(1	)