| Long-Term Borrowings |
Long-term borrowings are as follows (in thousands):
|
|
|
|
|
|
|
|
|
| |
|
September 30,
2013
|
|
|
December 31,
2012
|
|
|
Note payable to banks, due in monthly installments of $343.4
(includes principal and interest), variable rate interest at
3.93% per annum, secured by property, balloon payment of
$76,976 due November 2015
|
|
$ |
79,160 |
|
|
$ |
79,916 |
|
|
Note payable to banks, due in monthly installments of $531.4
(includes principal and interest), fixed rate interest at
3.54% per annum, secured by property, balloon payment of
$12,635 due December 2015
|
|
|
24,950 |
|
|
|
29,010 |
|
|
Note payable to banks, due in monthly installments of $483.9
(includes principal and interest), fixed rate interest at
3.19% per annum, secured by property, balloon payment of
$11,670 due June 2016
|
|
|
25,518 |
|
|
|
29,213 |
|
|
Note payable to TCF Equipment Finance, Inc., due in monthly
installments of $30.5, (includes principal and interest) fixed rate
interest at 5.24% per annum, maturity date of July 2019
|
|
|
1,838 |
|
|
|
2,036 |
|
|
Capital lease obligations
|
|
|
0 |
|
|
|
10 |
|
|
|
|
|
|
|
|
|
|
|
Subtotal
|
|
|
131,466 |
|
|
|
140,185 |
|
|
Less current installments
|
|
|
11,935 |
|
|
|
11,668 |
|
|
|
|
|
|
|
|
|
|
|
Total long-term borrowings
|
|
$ |
119,531 |
|
|
$ |
128,517 |
|
|
|
|
|
|
|
|
|
|
|