XML 39 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Instruments

As of September 30, 2017 and December 31, 2016, the total notional amount of the Company’s swaps was $199.9 million, and $202.7 million, respectively. The location of the asset and liability, and their respective fair values are summarized in the tables below.

 

     September 30, 2017  
     Asset Derivatives      Liability Derivatives  
         Balance Sheet  
Location
     Fair
    Value    
       Balance Sheet    
Location
     Fair
    Value    
     (Dollars in thousands)  

Derivatives not designated as hedging instruments:

           

  Interest rate swaps

     Other assets        $ 4,819        Other liabilities        $ 4,819  
     

 

 

 

     

 

 

 

  Total derivatives

        $   4,819           $   4,819  
     

 

 

 

     

 

 

 

     December 31, 2016  
     Asset Derivatives      Liability Derivatives  
     Balance Sheet
Location
     Fair
Value
   Balance Sheet
Location
     Fair
Value
     (Dollars in thousands)  

Derivatives not designated as hedging instruments:

           

  Interest rate swaps

     Other assets        $ 5,783        Other liabilities        $ 5,783  
     

 

 

 

     

 

 

 

  Total derivatives

        $   5,783           $   5,783  
     

 

 

 

     

 

 

 

Effect of Derivative Instruments on Consolidated Statement of Earnings

The following table summarizes the effect of derivative financial instruments on the condensed consolidated statement of earnings for the periods presented.

 

Derivatives Not

Designated as Hedging

Instruments

  

Location of Gain Recognized

in Income on Derivative

Instruments

   Amount of Gain Recognized in Income on
Derivative Instruments
          For the Three Months Ended
September 30,
   For the Nine Months Ended
September 30,
          2017    2016    2017    2016
         

(Dollars in thousands)

Interest rate swaps

   Other income      $ 198        $ 136        $ 592        $ 521  
     

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Total

        $ 198        $ 136        $ 592        $ 521