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Derivative Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s financial instruments that are subject to offsetting as of March 31, 2020 and December 31, 2019. The gross amounts of assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that financial assets and liabilities are presented on the Balance Sheet.
As of March 31, 2020
|  |  | Gross Amounts Not Offset in the Statement of Financial Position |  |
(in thousands) | Gross Amounts Recognized |  | Gross Amounts Offset in the Statement of Financial Position |  | Net Amounts of Assets presented in the Statement of Financial Position |  | Financial Instruments |  | Fair Value Collateral Posted |  | Net Amount
Assets: |  |  |  |  |  |  |  |  |  |  |
Interest rate swap | $ | 33,697 |  |  | $ | — |  |  | $ | 33,697 |  |  | $ | 13 |  |  | $ | — |  |  | $ | 33,683 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
Interest rate swap | $ | 43,319 |  |  | $ | — |  |  | $ | 43,319 |  |  | $ | 13 |  |  | $ | 42,746 |  |  | $ | 560 |
Securities sold under agreements to repurchase | 173,061 |  |  | — |  |  | 173,061 |  |  | — |  |  | 173,061 |  |  | — |
As of December 31, 2019
|  |  | Gross Amounts Not Offset in the Statement of Financial Position |  |
(in thousands) | Gross Amounts Recognized |  | Gross Amounts Offset in the Statement of Financial Position |  | Net Amounts of Assets presented in the Statement of Financial Position |  | Financial Instruments |  | Fair Value Collateral Posted |  | Net Amount
Assets: |  |  |  |  |  |  |  |  |  |  |
Interest rate swap | $ | 11,055 |  |  | $ | — |  |  | $ | 11,055 |  |  | $ | 56 |  |  | $ | — |  |  | $ | 10,999 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
Interest rate swap | $ | 14,747 |  |  | $ | — |  |  | $ | 14,747 |  |  | $ | 56 |  |  | $ | 14,573 |  |  | $ | 118 |
Securities sold under agreements to repurchase | 230,886 |  |  | — |  |  | 230,886 |  |  | — |  |  | 230,886 |  |  | — |
| Derivative Assets |  | Derivative Liabilities
| March 31, 2020 | December 31, 2019 |  | March 31, 2020 | December 31, 2019
(in thousands) | Notional Amount | Balance Sheet Location | Fair Value | Notional Amount | Balance Sheet Location | Fair Value |  | Balance Sheet Location | Fair Value | Balance Sheet Location | Fair Value
Derivatives Designated as Hedging Instruments
Interest rate swap | $ | 261,962 |  | Other Assets | $ | — |  | $ | 61,962 |  | Other Assets | $ | — |  |  | Other Liabilities | $ | 9,587 |  | Other Liabilities | $ | 2,872 |
Total |  |  | $ | — |  |  |  | $ | — |  |  |  | $ | 9,587 |  |  | $ | 2,872 |
Derivatives not Designated as Hedging Instruments
Interest rate swap | $ | 842,899 |  | Other Assets | $ | 33,697 |  | $ | 749,819 |  | Other Assets | $ | 11,055 |  |  | Other Liabilities | $ | 33,732 |  | Other Liabilities | $ | 11,875 |
Total |  |  | $ | 33,697 |  |  |  | $ | 11,055 |  |  |  | $ | 33,732 |  |  | $ | 11,875 |

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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 + Details
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