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Interest Rate Swap Derivatives (Tables)

12 Months Ended

Dec. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of balance sheet category and fair values of the derivative instruments

The table below identifies the balance sheet category and fair values of the Company’s designated cash flow hedge derivative instruments and non-designated hedges as of December 31, 2018 and December 31, 2017.

						December 31, 2018								December 31, 2017
		Swap				Notional						Balance Sheet		Notional						Balance Sheet
		Number				Amount			Fair Value			Category		Amount			Fair Value			Category
Derivatives designated as hedging instruments
(dollars in thousands)
Interest rate swap			(1	)		$	75,000		$	845		Other Assets		$	75,000		$	598		Other Assets
Interest rate swap			(2	)			100,000			1,478		Other Assets			100,000			821		Other Assets
Interest rate swap			(3	)			75,000			1,404		Other Assets			75,000			837		Other Assets
			Total			$	250,000		$	3,727				$	250,000		$	2,256
Derivatives not designated as hedging instruments
(dollars in thousands)
Other Contracts			(1	)			27,500			59		Other Liabilities			—			—		Other Liabilities
			Total			$	27,500		$	59				$	—		$	—

Schedule of pretax net gains (losses) of dsignated cash flow hedges

The table below presents the pre-tax net gains (losses) of the Company’s cash flow hedges for the years ended December 31, 2018 and December 31, 2017.

						Year Ended December 31, 2018										Year Ended December 31, 2017
						Amount of				Reclassified from AOCI into Income						Amount of				Reclassified from AOCI into Income
		Swap				Pre-tax gain						Amount of				Pre-tax (loss)						Amount of
		Number				Recognized in OCI				Category		Gain (Loss)				Recognized in OCI				Category		(Loss)
(dollars in thousands)
Interest rate swap			(1	)		$	528			Interest Expense		$	240			$	393			Interest Expense		$	(400	)
Interest rate swap			(2	)			854			Interest Expense			198				702			Interest Expense			(634	)
Interest rate swap			(3	)			688			Interest Expense			122				260			Interest Expense			(560	)
			Total			$	2,070					$	560			$	1,355					$	(1,594	)

Schedule of the effect of derivative financial instruments on the Consolidated Statements of Operations

The table below presents the pre-tax net gains (losses ) of the Company’s designated cash flow hedges for the years ended December 31, 2018 and 2017.

		Location and Amount of Gain or (Loss) Recognized in Income on Cash Flow Hedging Relationships
		Year Ended December 31, 2018								Year Ended December 31, 2017
(dollars in thousands)		Interest Income (Expense)				Other Income (Expense)				Interest Income (Expense)				Other Income (Expense)
Total amounts of income and expense line items presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded		$	560			$	—			$	(1,594	)		$	—
The effects of cash flow hedging:
Gain or (loss) on cash flow hedging relationships in Subtopic 815-20
Interest contracts
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income		$	560			$	—			$	(1,594	)		$	—

Schedule of offsetting liabilities of derivatives

The following table presents the liabilities subject to an enforceable master netting arrangement as of December 31, 2018 and December 31, 2017.

As of December 31, 2018
Offsetting of Derivative Assets (dollars in thousands)
														Gross Amounts Not Offset in the Balance Sheet
		Gross Amounts of Recognized Assets				Gross Amounts Offset in the Balance Sheet				Net Amounts of Assets presented in the Balance Sheet				Financial Instruments				Cash Collateral Posted				Net Amount
Counterparty 1		$	2,948			$	—			$	2,948			$	—			$	—			$	2,948
Counterparty 2			892				—			$	892				—				—			$	892
Counterparty 3			(59	)			—			$	(59	)			—				—			$	(59	)
		$	3,781			$	—			$	3,781			$	—			$	—			$	3,781

As of December 31, 2017
Offsetting of Derivative Assets (dollars in thousands)
														Gross Amounts Not Offset in the Balance Sheet
		Gross Amounts of Recognized Assets				Gross Amounts Offset in the Balance Sheet				Net Amounts of Assets presented in the Balance Sheet				Financial Instruments				Cash Collateral Posted				Net Amount
Counterparty 1		$	1,619			$	—			$	1,619			$	—			$	—			$	1,619
Counterparty 2			582				—				582				—				—				582
		$	2,201			$	—			$	2,201			$	—			$	—			$	2,201

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Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements.

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Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

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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.

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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.

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