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Derivatives (Tables)
 12 Months Ended
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of interest rate caps
The following table provides a summary of the volume and fair value position of the interest rate cap as well as the reporting location in the Consolidated Balance Sheets as of December 31, 2019 and 2018.
($ in thousands)
December 31, 2019
 
December 31, 2018
Derivatives Not Designated as Hedging Instruments
Location in the Consolidated Balance Sheets
Number of Instruments
Notional Amount (1)
Estimated Fair Value (2)
 
Number of Instruments
Notional Amount (1)
Estimated Fair Value (2)
Interest Rate Cap
Other assets
1
$
35,000

$
760

 
1
$
35,000

$
1,884

(1) Volume is represented by the derivative instrument's notional amount.
(2) Additional information regarding the fair value of the Company's interest rate cap is provided in Note 2.
The following table presents the pre-tax impact of the change in the fair value of the interest rate cap and the reporting location in the Consolidated Statements of Income and Comprehensive Income for the years ended December 31, 2019, 2018 and 2017.
 
Gains (Losses) Recognized in Income on Derivatives
(In thousands)
Year Ended December 31
Derivatives Not Designated as Hedging Instruments
Location in the Consolidated Statements of Income and Comprehensive Income
2019
 
2018
 
2017
Interest Rate Cap
Interest expense
$
(1,124
)
 
$
153

 
$
(339
)