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Interest Rate Swap Derivatives (Tables) | 3 Months Ended
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Mar. 31, 2019
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 March 31, 2019 and December 31, 2018.
|  | March 31, 2019 |  | December 31, 2018
|  | Notional |  |  | Fair |  |  | Balance Sheet |  | Notional |  |  | Fair |  |  | Balance Sheet
|  | Amount |  |  | Value |  |  | Category |  | Amount |  |  | Value |  |  | Category
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |  |
(dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate product |  | $ | 100,000 |  |  | $ | 908 |  |  | Other Assets |  | $ | 250,000 |  |  | $ | 3,727 |  |  | Other Assets
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other Contracts |  | $ | 27,500 |  |  | $ | 71 |  |  | Other Liabilities |  | $ | 27,500 |  |  | $ | 59 |  |  | Other Liabilities
Schedule of pretax net gains (losses) of designated cash flow hedges | The table below presents the pre-tax net gains (losses) of the Company’s designated cash flow hedges for the three months ended March 31, 2019 and 2018.
Derivatives in Subtopic 815-20 Hedging |  | Amount of Gain or (Loss) Recognized in OCI on Derivative Three Months Ended March 31, |  |  | Location of Gain or (Loss) Recognized from Accumulated Other |  |  | Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income Three Months Ended March 31, |
Relationships (dollars in thousands) |  | 2019 |  |  | 2018 |  |  | Comprehensive Income into Income |  | 2019 |  |  | 2018 |
Derivatives in Cash Flow Hedging Relationships |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest Rate Products |  | $ | (1,034 | ) |  | $ | 2,443 |  |  | Interest Expense |  | $ | 462 |  |  | $ | (88 | )
Interest Rate Products |  |  | — |  |  |  | — |  |  | Gain on sale of investment securities |  |  | (829 | ) |  |  | — |
Total |  | $ | (1,034 | ) |  | $ | 2,443 |  |  |  |  | $ | (366 | ) |  | $ | (88 | )
Schedule of the effect of derivative financial instruments on the Consolidated Statements of Operations | The table below presents the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the three months ended March 31, 2019 and 2018.
|  | Location and Amount of Gain or (Loss) Recognized |
|  | March 31, 2019 |  |  | March 31, 2018 |
(dollars in thousands) |  | Interest Expense |  |  | Interest Expense |
Total amounts of income and expense line items presented in the |  |  |  |  |  |
statement of financial performance in which the effects of fair value or |  |  |  |  |  |
cash flow hedges are recorded |  | $ | (366 | ) |  | $ | (88 | )
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 |  | $ | 462 |  |  | $ | (88 | )
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income as a result that a forecasted transaction is no longer probable of occurring |  | $ | (829 | ) |  | $ | — |
Schedule of effect of derivatives not designated as hedging instruments |
Effect of Derivatives Not Designated as Hedging Instruments on the Statement of Financial Performance |
|  | Location of Gain or |  | Amount of Gain or (Loss) Recognized in Income on Derivative |
Derivatives Not Designated as Hedging |  | (Loss) Recognized in |  | Three Months Ended March 31, |
Instruments under Subtopic 815-20 |  | Income on Derivative |  | 2019 |  |  | 2018 |
(dollars in thousands) |  |  |  |  |  |  |  |  |  |
Other Contracts |  | Other income / (expense) |  | $ | (13 | ) |  | $ | — |
Total |  |  |  | $ | (13 | ) |  | $ | — |
Schedule of gross presentation, the effects of offsetting, and a net presentation of cash flow hedge derivatives | The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s cash flow hedge derivatives as of March 31, 2019 and December 31, 2018.
As of March 31, 2019 |
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 |  | $ | 944 |  |  | $ | — |  |  | $ | 944 |  |  | $ | — |  |  | $ | — |  |  | $ | 944 |
Counterparty 2 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Counterparty 3 |  |  | (71 | ) |  |  | — |  |  |  | (71 | ) |  |  | — |  |  |  | — |  |  |  | (71 | )
|  | $ | 873 |  |  | $ | — |  |  | $ | 873 |  |  | $ | — |  |  | $ | — |  |  | $ | 873 |
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 |

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