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Derivative and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Notional Amount and Fair Value of Instruments
The following table summarizes the notional amount at inception and fair value of these instruments on the Company's balance sheets as of December 31, 2022 and 2021 (dollar amounts in thousands):
Fair Value of Asset/(Liability)(3)(4)
Derivatives
Designated as
Hedging Instruments		Fixed Rate Paid by
Company		Effective DateMaturity Date
Notional Value (2)
December 31, 2022December 31, 2021
Interest Rate Swap (1)
1.96%5/14/20194/12/2024$100,000 $3,545 $(2,747)
Interest Rate Swap (1)
1.95%5/14/20194/12/202450,000 1,781 (1,374)
Interest Rate Swap (1)
1.94%5/14/20194/12/202450,000 1,777 (1,377)
Interest Rate Swap (1)
1.52%12/9/201911/26/2026175,000 14,685 (3,444)
Interest Rate Swap (1)
1.51%12/9/201911/26/202650,000 4,248 (996)
Interest Rate Swap (1)
1.49%12/9/201911/26/202625,000 2,120 (481)
Interest Rate Swap (1)
1.26%7/9/202011/26/2026100,000 9,324 (790)
Interest Rate Swap (1)
1.28%7/9/202011/26/202680,000 7,418 (629)
Interest Rate Swap3.19%9/26/20221/25/202850,000 1,166 — 
Interest Rate Swap3.35%9/26/20221/25/202850,000 804 — 
Interest Rate Swap3.36%9/26/20221/25/202825,000 387 — 
Interest Rate Swap3.43%9/26/20221/25/202850,000 612 — 
Interest Rate Swap3.71%9/26/20221/25/202850,000 (12)— 
Interest Rate Swap3.70%9/26/20221/25/202825,000 (15)— 
Interest Rate Swap4.00%10/26/20221/25/202850,000 (693)— 
Interest Rate Swap3.95%11/28/20221/25/202825,000 (293)— 
Interest Rate Swap4.03%11/28/20221/25/202825,000 (396)— 
Interest Rate Swap4.06%11/28/20221/25/202825,000 (427)— 
Interest Rate Swap4.07%11/28/20221/25/202825,000 (428)— 
$1,030,000 $45,603 $(11,838)
 _____________________________________
(1)In June 2022, the Company converted the reference rate used in these interest rate swaps from 1-month LIBOR to 1-month Adjusted Term SOFR.
(2)Notional value indicates the extent of the Company’s involvement in these instruments, but does not represent exposure to credit, interest rate or market risks.
(3)Derivatives in a liability position totaling $2.3 million as of December 31, 2022 are included within derivative liabilities in the Company’s consolidated balance sheets.
(4)Derivatives in an asset position totaling to $47.9 million as of December 31, 2022 are included within derivative assets in the Company’s consolidated balance sheets.
Schedule of Accumulated Other Comprehensive Income (Loss) The following table presents amounts recorded to accumulated other comprehensive income/loss related to derivative and hedging activities for the periods presented:
Year ended December 31,
(in thousands) 202220212020
Accumulated other comprehensive income (loss)$56,762 $22,508 $(35,445)