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Derivatives (Tables)
 12 Months Ended
Dec. 31, 2023
Derivative Instrument Detail [Abstract]  
Schedule of Interest Rate Derivatives
The following table summarizes the location and aggregate fair value of the interest rate swap on the Company’s consolidated balance sheets as of December 31, 2023 and 2022 (in thousands):
Derivative Instruments as of
December 31, 2023
Maturity DateNumber of InstrumentsTotal Notional Amount Interest RateBalance Sheet LocationFair Value
Cash flow hedge interest rate swaps5/24/20283$400,000 3.59 %Accrued expenses and other liabilities$(260)
Interest rate swap10/31/2024136,050 1.37 %Other assets1,103 

Derivative Instruments as of
December 31, 2022
Maturity DateNumber of InstrumentsTotal Notional Amount Interest RateBalance Sheet LocationFair Value
Cash flow hedge interest rate swap10/31/20241$36,050 3.33 %Other assets$2,045 

The following tables provide a summary of the effect of interest rate swaps on the Company’s accompanying consolidated statements of income and comprehensive income for the twelve months ended December 31, 2023 and 2022, respectively (amounts in thousands):

Derivative Instruments as of
December 31, 2023
Maturity DateAmount of Gain/(Loss) Recognized in OCI on DerivativeLocation of Gain/(Loss) Reclassified from Accumulated OCI into IncomeAmount of Gain/(Loss) Reclassified from Accumulated OCI into Income
Cash flow hedge interest rate swaps5/24/2028$(260)Interest expense$— 
Interest rate swap10/31/2024— Interest expense1,763 
Total$(260)$1,763 

Derivative Instruments as of
December 31, 2022
Maturity DateAmount of Gain/(Loss) Recognized in OCI on DerivativeLocation of Gain/(Loss) Reclassified from Accumulated OCI into IncomeAmount of Gain/(Loss) Reclassified from Accumulated OCI into Income
Interest rate swap10/31/2024$2,498 Interest expense$—