Quarterly report pursuant to Section 13 or 15(d)

Derivative Financial Instruments (Tables)

v3.7.0.1
Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table summarizes the terms and fair values of our derivative financial instruments, as well as their classifications within the consolidated balance sheets (notional amounts and fair values in thousands):

 
 
 
 
 
 
 
 
 
 
Fair Value
Effective Date
 
Maturity Date
 
Notional Amount
 
Bank Pay Rate
 
Company Fixed Pay Rate
 
March 31, 2017
 
December 31, 2016
Assets (Liabilities):
 
 
 
 
 
 
 
 
 
 
 
 
November 14, 2013
 
August 14, 2018
 
$
50,000

 
1 month LIBOR
 
1.3075
%
 
$
5

 
$
(119
)
November 14, 2013
 
August 14, 2018
 
50,000

 
1 month LIBOR
 
1.2970
%
 
12

 
(110
)
November 14, 2013
 
August 14, 2018
 
50,000

 
1 month LIBOR
 
1.3025
%
 
9

 
(115
)
April 13, 2016
 
January 1, 2021
 
50,000

 
1 month LIBOR
 
1.0390
%
 
1,328

 
1,227

April 13, 2016
 
January 1, 2021
 
50,000

 
1 month LIBOR
 
1.0395
%
 
1,327

 
1,226

April 13, 2016
 
January 1, 2021
 
50,000

 
1 month LIBOR
 
1.0400
%
 
1,327

 
1,222

April 13, 2016
 
January 1, 2021
 
25,000

 
1 month LIBOR
 
0.9915
%
 
708

 
662

Total
 
 
 
$
325,000

 
 
 
 
 
$
4,716

 
$
3,993

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)
The following table represents the effect of the derivative financial instruments on the accompanying consolidated financial statements (in thousands):
 
 
Three months ended March 31,
 
 
2017
 
2016
Interest Rate Swaps (Effective Portion):
 

 

Amount of gain (loss) recognized in OCI on derivative
 
$
722

 
$
(1,386
)