Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivative instruments in statement of financial position, fair value

The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of December 31, 2022 and 2021.

	Asset Derivatives Fair Value  at December 31,					Liability Derivatives Fair Value  at December 31,
(in thousands)	2022		2021		Balance Sheet Classification	2022		2021		Balance Sheet Classification
Interest rate swaps	$	22,667	$	343	Other assets, net	$	—	$	5,324	Other liabilities, net

The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the Consolidated Balance Sheets.

Offsetting of Derivative Assets (as of December 31, 2022)
							Gross Amounts Not Offset in the Consolidated Balance Sheets
(in thousands)	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Assets in the Consolidated Balance Sheets		Financial Instruments		Cash Collateral Received		Net Amount
Derivatives	$	22,667	$	—	$	22,667	$	—	$	—	$	22,667

Offsetting of Derivative Liabilities (as of December 31, 2022)

Gross Amounts Not Offset in the Consolidated Balance Sheets

(in thousands)

Gross Amounts of Recognized Liabilities

Gross Amounts Offset in the Consolidated Balance Sheet

Net Amounts of Liabilities in the Consolidated Balance Sheets

Financial Instruments

Cash Collateral Received

Net Amount

Derivatives

$

—

$

—

$

—

$

—

$

—

$

—

Offsetting of Derivative Assets (as of December 31, 2021)
							Gross Amounts Not Offset in the Consolidated Balance Sheets
(in thousands)	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Assets in the Consolidated Balance Sheets		Financial Instruments		Cash Collateral Received		Net Amount
Derivatives	$	343	$	—	$	343	$	(247)	$	—	$	96

Offsetting of Derivative Liabilities (as of December 31, 2021)
							Gross Amounts Not Offset in the Consolidated Balance Sheets
(in thousands)	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Liabilities in the Consolidated Balance Sheets		Financial Instruments		Cash Collateral Received		Net Amount
Derivatives	$	(5,324)	$	—	$	(5,324)	$	247	$	—	$	(5,077)

Derivative instruments, gain (loss)

The table below details the location in the financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the years ended December 31, 2022 and 2021.

	For the Year Ended December 31,
(Dollars in thousands)	2022		2021
Amount of unrealized gain recognized in OCI on derivative	$	27,380	$	2,410
Amount of loss reclassified from AOCI into interest expense	$	267	$	4,456
Total interest expense presented in the Consolidated Statements of Income in which the effects of the cash flow hedges are recorded	$	11,873	$	10,542