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Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Instruments

As of March 31, 2020 and December 31, 2019, the total notional amount of the Company’s swaps was $269.8 million, and $260.0 million, respectively. The location of the asset and liability, and their respective fair values, are summarized in the tables below.

March 31, 2020

Asset Derivatives

Liability Derivatives

Balance Sheet         Location

Fair        Value

Balance Sheet         Location

Fair         Value

(Dollars in thousands)

Derivatives not designated as hedging instruments:

Interest rate swaps

Other assets

$

33,255

Other liabilities

$

33,255

Total derivatives

$

33,255

$

33,255

December 31, 2019

Asset Derivatives

Liability Derivatives

Balance Sheet     Location

Fair     Value

Balance Sheet     Location

Fair     Value

(Dollars in thousands)

Derivatives not designated as hedging instruments:

Interest rate swaps

Other assets

$

11,502

Other liabilities

$

11,502

Total derivatives

$

11,502

$

11,502

Effect of Derivative Instruments on Consolidated Statement of Earnings

The Effect of Derivative Financial Instruments on the Condensed Consolidated Statements of Earnings

The following table summarizes the effect of derivative financial instruments on the condensed consolidated statement of earnings for the periods presented.

Derivatives Not Designated as Hedging Instruments		Location of Gain Recognized in   Income on Derivative Instruments				Amount of Gain Recognized in Income on Derivative Instruments
						Three Months Ended March 31,
						2020				2019
						(Dollars in thousands)
Interest rate swaps			Other income			$	373			$	384
Total						$	373			$	384

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- References

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- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959

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