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DERIVATIVE HEDGING INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives [Table Text Block]

The following table summarizes the interest rate swap transactions that impacted the Company’s first six months 2017 performance.

START DATE		MATURITY DATE				HEDGE TYPE				NOTIONAL AMOUNT				RATE RECEIVED				RATE PAID				REPRICING FREQUENCY				INCREASE (DECREASE) IN INTEREST EXPENSE
01/12/17			01/12/27				FAIR VALUE			$	4,934,849				4.50	%			3.21	%			MONTHLY			$	30,361
01/12/17			01/12/27				FAIR VALUE				4,934,849				3.21				4.50				MONTHLY				(30,361	)
04/07/17			04/07/27				FAIR VALUE				2,487,002				4.35				3.17				MONTHLY				6,972
04/07/17			04/07/27				FAIR VALUE				2,487,002				3.17				4.35				MONTHLY				(6,972	)
05/19/17			02/01/27				FAIR VALUE				3,576,176				4.39				3.26				MONTHLY				4,827
05/19/17			02/01/27				FAIR VALUE				3,576,176				3.26				4.39				MONTHLY				(4,827	)
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- References

No definition available.

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- Definition

Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959

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