Financial Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2012

Financial Derivative Instruments [Abstract]

Listed below are the interest-rate swap agreements which lock in our interest rates on existing variable-interest rate debt.

Interest-Rate Swap Agreement Effective Dates	Coverage Amount		Rate
September 2011 - September 2014	$	24,000,000		1.66	%
September 2011 - March 2015	$	24,000,000		1.91	%
September 2011 - September 2015	$	24,000,000		2.14	%

Effect of derivative instruments on consolidated operations

The table below illustrates the effect of derivative instruments on consolidated operations for the periods ended June 30, 2012 and 2011, respectively.

(Dollars in thousands)	Gain (Loss) Reported in		Location of Gain/Proceeds Reclassified	Amount of Gain/Proceeds
Derivative Instruments	Accumulated Other Comprehensive Loss		from Accumulated Other	Recognized in Income on Derivative
Cash Flow Hedging Relationships	2012	2011	Comprehensive Income into Income	2012	2011

Interest Rate Contracts	$(99)	$(141)	Interest Expense	$-	$-