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Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivatives
The Company’s derivatives were comprised of the following as of March 31, 2017 and December 31, 2016 (in thousands): 
 
 
March 31, 2017
 
December 31, 2016
 
 
(Unaudited)
 
 
 
 
 
 
 
 
Notional
Amount
 
Fair Value
 
Notional
Amount
 
Fair Value
 
 
 
 
Asset
 
Liability
 
 
 
Asset
 
Liability
Interest rate swaps
 
$
56,214

 
$

 
$
(568
)
 
$
56,901

 
$

 
$
(829
)
Interest rate caps
 
270,000

 
479

 

 
270,000

 
259

 

Total
 
$
326,214

 
$
479

 
$
(568
)
 
$
326,901

 
$
259

 
$
(829
)
Schedule of changes in fair value of derivatives
The changes in the fair value of the Company’s derivatives during the three months ended March 31, 2017 and 2016 were comprised of the following (in thousands): 
 
 
Three Months Ended 
 March 31,
 
 
2017
 
2016
 
(Unaudited)
Interest rate swaps
 
$
261

 
$
(2,244
)
Interest rate caps
 
33

 
(145
)
Total
 
$
294

 
$
(2,389
)
Income statement presentation:
 
 
 
 
Change in fair value of interest rate derivatives
 
$
294

 
$
(2,389
)
Total
 
$
294

 
$
(2,389
)