Derivatives (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instrument Detail [Abstract]

Schedule of interest rate derivatives

The following table summarizes the location and aggregate fair value of the interest rate swaps on the Company’s consolidated balance sheets (in thousands):

Total notional amount		$	250,000
Effective fixed interest rate	(1)	2.32		%
Effective date		7/7/2016
Maturity date		6/10/2023
Liability balance at March 31, 2020 (included in Other liabilities)		$	(5,071	)
Asset balance at December 31, 2019 (included in Other assets)		$	4,933

(1) 1.07% effective swap rate plus 1.25% spread per Credit Agreement.