Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

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 March 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 March 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	$	33,697	$	—	$	33,697	$	13	$	—	$	33,683
Liabilities:
Interest rate swap	$	43,319	$	—	$	43,319	$	13	$	42,746	$	560
Securities sold under agreements to repurchase	173,061		—		173,061		—		173,061		—
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		—

	Derivative Assets										Derivative Liabilities
	March 31, 2020					December 31, 2019					March 31, 2020			December 31, 2019
(in thousands)	Notional Amount		Balance Sheet Location	Fair Value		Notional Amount		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives Designated as Hedging Instruments
Interest rate swap	$	261,962	Other Assets	$	—	$	61,962	Other Assets	$	—	Other Liabilities	$	9,587	Other Liabilities	$	2,872
Total				$	—				$	—		$	9,587		$	2,872
Derivatives not Designated as Hedging Instruments
Interest rate swap	$	842,899	Other Assets	$	33,697	$	749,819	Other Assets	$	11,055	Other Liabilities	$	33,732	Other Liabilities	$	11,875
Total				$	33,697				$	11,055		$	33,732		$	11,875