Interest Rate Swap Derivatives (Tables)

3 Months Ended

Mar. 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 as of March 31, 2018 and December 31, 2017.

				March 31, 2018					December 31, 2017
	Swap			Notional				Balance Sheet	Notional				Balance Sheet
	Number			Amount		Fair Value		Category	Amount		Fair Value		Category
(dollars in thousands)
Interest rate swap		(1	)	$	75,000	$	1,070	Other Assets	$	75,000	$	598	Other Assets
Interest rate swap		(2	)		100,000		1,775	Other Assets		100,000		821	Other Assets
Interest rate swap		(3	)		75,000		1,943	Other Assets		75,000		837	Other Assets
		Total		$	250,000	$	4,788		$	250,000	$	2,256

Schedule of pretax net gains (losses) of derivative instruments

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

				Three Months Ended March 31, 2018						Three Months Ended March 31, 2017
				Amount of		Reclassified from AOCI into Income				Amount of		Reclassified from AOCI into Income
	Swap			Pre-tax gain (loss)			Amount of			Pre-tax gain (loss)			Amount of
	Number			Recognized in OCI		Category	Gain (Loss)			Recognized in OCI		Category	Gain (Loss)
(dollars in thousands)
Interest rate swap		(1	)	$	471	Interest Expense	$	(1	)	$	100	Interest Expense	$	(154	)
Interest rate swap		(2	)		907	Interest Expense		(47	)		35	Interest Expense		(231	)
Interest rate swap		(3	)		1,065	Interest Expense		(40	)		328	Interest Expense		(193	)
		Total		$	2,443		$	(88	)	$	463		$	(578	)

The table below presents the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations at March 31, 2018 and 2017.

	Location and Amount of Gain or (Loss) Recognized in Income on Cash Flow Hedging Relationships
	Three Months Ended March 31, 2018					Three Months Ended March 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	$	(88	)	$	—	$	(578	)	$	—
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	$	(88	)	$	—	$	(578	)	$	—

Schedule of offsetting liabilities of 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, 2018 and December 31, 2017.

Three Months Ended March 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	$	3,706	$	—	$	3,706	$	—	$	—	$	3,706
Counterparty 2		1,073		—		1,073		—		—		1,073
	$	4,779	$	—	$	4,779	$	—	$	—	$	4,779

Year Ended December 31, 2017
Offsetting of Derivative Assets (dollars in thousands)
							Gross Amounts Not Offset in the Balance Sheet
		Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Balance Sheet		Net Amounts of Liabilities 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