Derivatives and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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, 2019		December 31, 2018	December 31, 2017
Interest rate swaps
Amount of (loss) gain recognized in OCI	$	(7,047)	3,286	444
Amount of loss reclassified from OCI to interest expense	(10,816)		(2,334)	(4,892)

Offsetting Assets

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

	December 31, 2019				December 31, 2018
(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, 2019				December 31, 2018
(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