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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2014
Accounting Policies [Abstract]  
Summary of Interest Rate Swap Contract

Below is a summary of the interest rate swap contract and the terms at June 30, 2014:

 

     Notional      Effective      Pay     Receive     Maturity      Unrealized  

(Dollars in thousands)

   Amount      Date      Rate     Rate (*)     Date      Gain      Loss  

Cash Flow Hedge

   $ 20,000         2/10/2011         4.18     0.24     2/10/2018       $ —         $ 2,151   

Cash Flow Hedge

     15,000         2/10/2011         3.91     0.24     2/10/2018         —           1,467   
  

 

 

              

 

 

    

 

 

 
   $ 35,000                 $ —         $ 3,618   
  

 

 

              

 

 

    

 

 

 

 

* Variable receive rate based upon contract rates in effect at June 30, 2014.