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Derivatives and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of interest rate swap derivative financial instruments
(Dollars in thousands)
Forecasted
Notional  Amount
 
Variable
Interest Rate 1
 
Fixed
Interest Rate 1
 
Term 2
Interest rate swap
$
160,000

 
3 month LIBOR
 
3.378
%
 
Oct. 21, 2014 - Oct. 21, 2021
Interest rate swap
100,000

 
3 month LIBOR
 
2.498
%
 
Nov 30, 2015 - Nov. 30, 2022
__________
1 The Company pays the fixed interest rate and the counterparties pay the Company the variable interest rate.
2 No cash will be exchanged prior to the term.
Fair value of interest rate swap derivative financial instruments
 
 
 
Fair Value
(Dollars in thousands)
Balance Sheet
Location
 
September 30,
2013
 
December 31,
2012
Interest rate swaps
Other liabilities
 
$
2,004

 
16,832