Derivatives and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Interest Rate Swap Derivative Financial Instruments

The Company’s interest rate swap derivative financial instruments as of December 31, 2018 are as follows:

(Dollars in thousands)	Forecasted Notional  Amount		Variable Interest Rate 1	Fixed Interest Rate 1		Payment Term
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

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¹The Company pays the fixed interest rate and the counterparty pays the Company the variable interest rate.

Summary of Pre-Tax Gains or Losses

The following table presents the pre-tax gains or losses recorded in OCI and the Company’s statements of operations relating to the interest rate swap derivative financial instruments:

	Years ended
(Dollars in thousands)	December 31, 2018			December 31, 2017		December 31, 2016
Interest rate swaps
Amount of gain (loss) recognized in OCI	$	3,286		444		(1,643	)
Amount of loss reclassified from OCI to interest expense	(2,334		)	(4,892	)	(6,417	)

Offsetting Assets

The following table discloses the offsetting of financial assets and interest rate swap derivative assets.

	December 31, 2018					December 31, 2017
(Dollars in thousands)	Gross Amount of Recognized Assets		Gross Amount Offset in the Statements of Financial Position		Net Amounts of Assets Presented in the Statements of Financial Position	Gross Amount of Recognized Assets	Gross Amount Offset in the Statements of Financial Position	Net Amounts of Assets Presented in the Statements of Financial Position
Interest rate swaps	$	139	(139	)	—	—	—	—

Offsetting Liabilities

The following table discloses the offsetting of financial liabilities and interest rate swap derivative liabilities.

	December 31, 2018					December 31, 2017
(Dollars in thousands)	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Statements of Financial Position		Net Amounts of Liabilities Presented in the Statements of Financial Position	Gross Amounts of Recognized Liabilities	Gross Amounts Offset in the Statements of Financial Position	Net Amounts of Liabilities Presented in the Statements of Financial Position
Interest rate swaps	$	3,908	(139	)	3,769	9,389	—	9,389