Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Instruments

As of September 30, 2020 and December 31, 2019, the total notional amount of the Company’s swaps was $455.2 million, and $260.0 million, respectively. The location of the asset and liability, and their respective fair values, are summarized in the tables below.

	September 30, 2020
	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	$	37,255		Other liabilities	$	37,255
Total derivatives			$	37,255			$	37,255

	December 31, 2019
	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	$	11,502		Other liabilities	$	11,502
Total derivatives			$	11,502			$	11,502

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
			Three Months Ended     September 30,				Nine Months Ended     September 30,
			2020		2019		2020		2019
			(Dollars in thousands)
Interest rate swaps		Other income	$	1,591	$	378	$	4,149	$	1,135
Total			$	1,591	$	378	$	4,149	$	1,135