XML 35 R24.htm IDEA: XBRL DOCUMENT
v3.22.1

Hedge Accounting | 3 Months Ended
--- | ---
Mar. 31, 2022
Hedge Accounting [Abstract] |
Hedge Accounting | Note 18 – Hedge Accounting As of March 31, 2022, and December 31, 2021, our Company held interest rate derivatives in the total notional amount of $63.0 million and $8.0 million, respectively. The derivatives are recorded on the balance sheet at fair value and are included in the following line items:
|  | Asset Derivatives
|  | March 31, |  | December 31,
|  | 2022 |  | 2021
(Dollars in thousands) |  | Balance sheet location |  | Fair value |  | Balance sheet location |  | Fair value
Interest rate contracts |  | Derivative financial instruments - current portion |  | $ | 793 |  | Derivative financial instruments - current portion |  | $ | 96
|  | Derivative financial instruments - non-current portion |  |  | 109 |  | Derivative financial instruments - non-current portion |  |  | 112
Total derivatives designated as hedging instruments |  |  |  | $ | 902 |  |  |  | $ | 208
Total derivatives |  |  |  | $ | 902 |  |  |  | $ | 208
|  | Liability Derivatives
|  | March 31, |  | December 31,
|  | 2022 |  | 2021
(Dollars in thousands) |  | Balance sheet location |  | Fair value |  | Balance sheet location |  | Fair value
Interest rate contracts |  | Derivative financial instruments - current portion |  | $ | 85 |  | Derivative financial instruments - current portion |  | $ | 181
|  | Derivative financial instruments - non-current portion |  |  | — |  | Derivative financial instruments - non-current portion |  |  | —
Total derivatives designated as hedging instruments |  |  |  | $ | 85 |  |  |  | $ | 181
Total derivatives |  |  |  | $ | 85 |  |  |  | $ | 181
The changes in fair value are recorded in Other Comprehensive Income and released into interest expense in the same period(s) in which the hedged transactions affect earnings. In the quarter ended March 31, 2022 and March 31, 2021, respectively, the derivative instruments affected Comprehensive Income as follows:
(Dollars in thousands) | Location of Loss Recognized in Income on Derivatives |  | Amount of Loss Recognized in Income on Derivatives
|  |  | Three Months Ended March 31
|  |  |  | 2022 |  |  | 2021
Interest rate contracts | Interest expense |  | $ | 69 |  | $ | 60
Total |  |  | $ | 69 |  | $ | 60
|  | Loss Recognized in OCI on Derivatives (Effective Portion)
(Dollars in thousands) |  | Amount
|  | Three Months Ended March 31
|  |  | 2022 |  |  | 2021
Interest rate contracts |  | $ | (731) |  | $ | (1)
Total |  | $ | (731) |  | $ | (1)
|  | Loss Reclassified from OCI into Income (Effective Portion)
Line Item |  | Amount
|  | Three Months Ended March 31
|  |  | 2022 |  |  | 2021
Interest expense |  | $ | 69 |  | $ | 60
Total |  | $ | 69 |  | $ | 60
The derivatives have no ineffective portion, and consequently no losses have been recognized directly in income.

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 40 -Section 50 -Paragraph 5 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123477628&loc=d3e90205-114008 + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration