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Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Derivatives
A summary of our derivative financial instruments as of September 30, 2014 and December 31, 2013 follows:
 
September 30, 2014
 
 
 
Derivative Fair Value
 
Net Ineffective
Dollars in thousands
Notional
Amount
 
Asset
 
Liability
 
Hedge Gains/(Losses)
CASH FLOW HEDGES
 
 
 
 
 
 
 
Pay-fixed/receive-variable interest rate swaps
 
 
 
 
 
 
 
Long term borrowings
$
110,000

 
$

 
$
1,357

 
$

 
$
110,000

 
$

 
$
1,357

 
$

 
December 31, 2013
 
 
 
Derivative Fair Value
 
Net Ineffective
Dollars in thousands
Notional
Amount
 
Asset
 
Liability
 
Hedge Gains/(Losses)
CASH FLOW HEDGES
 
 
 
 
 
 
 
Pay-fixed/receive-variable interest rate swaps
 
 
 
 
 
 
Long term borrowings
$
70,000

 
$
803

 
$

 
$

 
$
70,000

 
$
803

 
$

 
$