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Derivative Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments Select terms of the hedges are as follows:
($ in thousands)
Notional Fixed RateEffective DateMaturity Date
$50,000 6.56 %January 25, 2023February 1, 2027
$100,000 6.63 %December 20, 2022January 1, 2028
$100,000 6.66 %April 1, 2025April 1, 2030
Select terms of the hedges are as follows:
($ in thousands)
Notional Fixed RateMaturity Date
$18,558 2.64 %March 15, 2026
$13,506 2.64 %March 17, 2026
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet:
Notional Amount Derivative AssetsDerivative Liabilities
($ in thousands)March 31,
2024		December 31, 2023March 31,
2024		December 31, 2023March 31,
2024		December 31, 2023
Derivatives designated as hedging instruments
Interest rate swaps$282,064 $211,962 $1,277 $1,389 $2,700 $233 
Interest rate collar100,000 100,000 — 514 467 — 
Total$382,064 $311,962 $1,277 $1,903 $3,167 $233 
Derivatives not designated as hedging instruments
Interest rate swaps$771,936 $779,152 $17,287 $15,886 $17,288 $15,951 
Total$17,287 $15,886 $17,288 $15,951 
Derivative assets are classified on the balance sheet in other assets. Derivative liabilities are classified on the balance sheet in other liabilities.
The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s financial instruments subject to offsetting. The gross amounts of assets or liabilities can be reconciled to the tabular disclosure of fair value. The fair value table above provides the location of financial assets and liabilities presented on the Balance Sheet.
As of March 31, 2024
Gross Amounts Not Offset in the Statement of Financial Position
($ in thousands)Gross Amounts RecognizedGross Amounts Offset in the Statement of Financial PositionNet Amounts of Assets presented in the Statement of Financial PositionFinancial InstrumentsFair Value Collateral PostedNet Amount
Assets:
Interest rate swaps$18,564 $— $18,564 $3,209 $15,355 $— 
Liabilities:
Interest rate swaps$19,988 $— $19,988 $3,209 $— $16,779 
Interest rate collar467 — 467 — — 467 
Securities sold under agreements to repurchase159,043 — 159,043 — 159,043 — 
As of December 31, 2023
Gross Amounts Not Offset in the Statement of Financial Position
($ in thousands)Gross Amounts RecognizedGross Amounts Offset in the Statement of Financial PositionNet Amounts of Assets presented in the Statement of Financial PositionFinancial InstrumentsFair Value Collateral PostedNet Amount
Assets:
Interest rate swaps$17,275 $— $17,275 $1,105 $16,170 $— 
Interest rate collar514 — 514 — — 514 
Liabilities:
Interest rate swaps$16,184 $— $16,184 $1,105 $— $15,079 
Securities sold under agreements to repurchase250,197 — 250,197 — 250,197 —