Derivatives (Tables)

9 Months Ended

Sep. 30, 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)	2.07		%
Effective date		7/7/2016
Maturity date		6/10/2023
Liability balance at September 30, 2020 (included in Other liabilities)		$	(5,750)
Asset balance at December 31, 2019 (included in Other assets)		$	4,933

(1)1.07% effective swap rate plus 1.00% spread per Credit Agreement.