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Derivatives (Tables)
9 Months Ended
Sep. 30, 2019
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Summary of Interest Rate Swap Transactions

The following table summarizes the Company’s interest rate swap positions as of September 30, 2019.

 

 

 

Classification on the Consolidated Balance Sheet

 

Notional

Amount

 

 

Fair Value

 

 

Weighted

Average Rate

Received/(Paid)

 

Derivative Assets

 

Other Assets

 

$

140,477

 

 

$

11,556

 

 

 

5.12

%

Derivative Liabilities

 

Accrued expenses and other liabilities

 

 

(140,477

)

 

 

(11,556

)

 

 

-5.12

%

Net Exposure

 

 

 

$

 

 

$

 

 

 

 

 

The following table summarizes the Company’s interest rate swap positions as of December 31, 2018.

 

 

 

Classification on the Consolidated Balance Sheet

 

Notional

Amount

 

 

Fair Value

 

 

Weighted

Average Rate

Received/(Paid)

 

Derivative Assets

 

Other Assets

 

$

120,131

 

 

$

2,837

 

 

 

5.19

%

Derivative Liabilities

 

Accrued expenses and other liabilities

 

 

(120,131

)

 

 

(2,837

)

 

 

-5.19

%

Net Exposure

 

 

 

$

 

 

$