Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of cash flow hedges included in accumulated other comprehensive income (loss)

The table below presents the effect of cash flow hedge accounting on Accumulated other comprehensive income (loss) as of December 31, 2019 related to the Company's outstanding interest rate swaps.

	AMOUNT OF (LOSS) RECOGNIZED IN OCI on derivatives				AMOUNT OF (GAIN)/LOSS RECLASSIFIED FROM OCI INTO INCOME for the twelve months ended December 31,
Dollars in thousands	2019				2019			2018
Interest rate swaps 2017	$	(674	)	Interest expense	$	(22	)	$	51
Interest rate swaps 2018	(1,366		)	Interest expense	99			204
Interest rate swaps 2019	(3,552		)	Interest expense	74			—
Settled interest rate swaps	—			Interest expense	168			169
	$	(5,592	)	Total interest expense	$	319		$	424

outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:

INTEREST RATE DERIVATIVE	NUMBER OF INSTRUMENTS	NOTIONAL in millions
Interest rate swaps - 2017	2	$	25.0
Interest rate swaps - 2018	2	50.0
Interest rate swaps - 2019	4	100.0
Total interest rate swaps	8	$	175.0

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, 2019 and 2018.

	AS OF DECEMBER 31, 2019				AS OF DECEMBER 31, 2018
Dollars in thousands	BALANCE SHEET LOCATION	FAIR VALUE			BALANCE SHEET LOCATION	FAIR VALUE
Derivatives designated as hedging instruments
Interest rate swaps 2017	Other liabilities	$	(467	)	Other assets, net	$	229
Interest rate swaps 2018	Other liabilities	(1,335		)	Other liabilities	(68		)
Interest rate swaps 2019	Other liabilities	(3,478		)	Other liabilities	—
Total derivatives designated as hedging instruments		$	(5,280	)		$	161

Schedule of offsetting assets

The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of December 31, 2019. The net amounts of derivative liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative liabilities are presented on the Company's Consolidated Balance Sheets.

Offsetting of Derivative Liabilities
	GROSS AMOUNTS of recognized liabilities			GROSS AMOUNTS OFFSET in the Consolidated Balance Sheets		NET AMOUNTS OF LIABILITIES presented in the Consolidated Balance Sheets			GROSS AMOUNTS NOT OFFSET in the Consolidated Balance Sheets
									FINANCIAL INSTRUMENTS		CASH COLLATERAL		NET AMOUNT
Derivatives	$	(5,280	)	$	—	$	(5,280	)	$	5,280	$	—	$	—

Schedule of offsetting liabilities

The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of December 31, 2019. The net amounts of derivative liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative liabilities are presented on the Company's Consolidated Balance Sheets.

Offsetting of Derivative Liabilities
	GROSS AMOUNTS of recognized liabilities			GROSS AMOUNTS OFFSET in the Consolidated Balance Sheets		NET AMOUNTS OF LIABILITIES presented in the Consolidated Balance Sheets			GROSS AMOUNTS NOT OFFSET in the Consolidated Balance Sheets
									FINANCIAL INSTRUMENTS		CASH COLLATERAL		NET AMOUNT
Derivatives	$	(5,280	)	$	—	$	(5,280	)	$	5,280	$	—	$	—