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Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2025
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)June 30,
2025		December 31, 2024June 30,
2025		December 31, 2024June 30,
2025		December 31, 2024
Derivatives designated as hedging instruments
Interest rate swaps$282,064 $282,064 $2,005 $649 $21 $3,139 
Interest rate collars150,000 150,000 851 — — 1,056 
Total$432,064 $432,064 $2,856 $649 $21 $4,195 
Derivatives not designated as hedging instruments
Interest rate swaps$789,324 $854,171 $11,006 $14,495 $11,016 $14,497 
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 June 30, 2025
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$13,011 $— $13,011 $2,944 $7,780 $2,287 
Interest rate collars851 — 851 — — 851 
Liabilities:
Interest rate swaps$11,037 $— $11,037 $2,944 $— $8,093 
Securities sold under agreements to repurchase174,438 — 174,438 — 174,438 — 

As of December 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$15,144 $— $15,144 $4,975 $9,710 $459 
Liabilities:
Interest rate swaps$17,636 $— $17,636 $4,975 $— $12,661 
Interest rate collars1,056 — 1,056 — — 1,056 
Securities sold under agreements to repurchase244,618 — 244,618 — 244,618 —