Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Derivative [Line Items]

Schedule of Derivative Instruments

Select terms of the hedges are as follows:

$ in thousands
Notional		Fixed Rate		Maturity Date
$	15,465	2.60	%	March 15, 2024
$	14,433	2.60	%	March 30, 2024
$	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 [Table Text Block]

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet as of December 31, 2020 and December 31, 2019.

	Notional Amount				Derivative Assets				Derivative Liabilities
($ in thousands)	December 31, 2020		December 31, 2019		December 31, 2020		December 31, 2019		December 31, 2020		December 31, 2019
Derivatives Designated as Hedging Instruments
Interest rate swap	$	61,962	$	61,962	$	—	$	—	$	5,987	$	2,872
Derivatives not Designated as Hedging Instruments
Interest rate swap	$	1,026,016	$	749,819	$	28,703	$	11,055	$	28,980	$	11,875

The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s financial instruments that are subject to offsetting as of December 31, 2020 and December 31, 2019. The gross amounts of assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that financial assets and liabilities are presented on the Balance Sheet.

As of December 31, 2020
							Gross Amounts Not Offset in the Statement of Financial Position
($ in thousands)	Gross Amounts Recognized		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Assets presented in the Statement of Financial Position		Financial Instruments		Fair Value Collateral Posted		Net Amount
Assets:
Interest rate swap	$	28,703	$	—	$	28,703	$	2	$	—	$	28,701
Liabilities:
Interest rate swap	$	34,967	$	—	$	34,967	$	2	$	34,903	$	62
Securities sold under agreements to repurchase	271,081		—		271,081		—		271,081		—
As of December 31, 2019
							Gross Amounts Not Offset in the Statement of Financial Position
($ in thousands)	Gross Amounts Recognized		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Assets presented in the Statement of Financial Position		Financial Instruments		Fair Value Collateral Posted		Net Amount
Assets:
Interest rate swap	$	11,055	$	—	$	11,055	$	56	$	—	$	10,999
Liabilities:
Interest rate swap	$	14,747	$	—	$	14,747	$	56	$	14,573	$	118
Securities sold under agreements to repurchase	230,886		—		230,886		—		230,886		—