DERIVITIVE FINANCIAL INSTRUMENTS AND HEDGING (Tables)

3 Months Ended

Mar. 31, 2014

DERIVITIVE FINANCIAL INSTRUMENTS AND HEDGING

Schedule of information about derivative financial instruments

Information about our derivative financial instruments at March 31, 2014 and December 31, 2013 follows (dollars in thousands):

	March 31, 2014						December 31, 2013
	Number of Instruments	Notional Amount		Fair Value			Number of Instruments	Notional Amount		Fair Value
Interest rate swaps (asset)	3	$	28,957	$	208		3	$	29,273	$	253
Interest rate swaps (liability)	1	75,000		(1,796		)	1	75,000		(1,772		)
	4	$	103,957	$	(1,588	)	4	$	104,273	$	(1,519	)

Schedule of location in financial statements of 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 follows (in thousands):

	For the Three Months Ended March 31,
	2014			2013
Gain (loss) recognized in accumulated other comprehensive income on derivative financial instruments (effective portion)	$	(495	)	$	21
Loss reclassified from accumulated other comprehensive income to interest expense (effective portion)	$	(427	)	$	(86	)