Derivatives (Tables)
|
9 Months Ended |
Sep. 30, 2019 |
|---|
| Derivative Instruments and Hedging Activities Disclosure [Abstract] |
|
| Offsetting assets |
As of September 30, 2019 the information related to these offsetting arrangements were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Instrument Description |
|
Gross Amounts of Recognized Assets / Liabilities |
|
Gross Amounts Offset in the Consolidated Balance Sheet |
|
Net Amounts of Assets / Liabilities Included in the Consolidated Balance Sheet |
Assets: |
|
|
|
|
|
|
Derivatives |
|
$ |
187 |
|
|
$ |
(145 |
) |
|
$ |
42 |
|
|
|
|
|
|
|
|
Liabilities: |
|
|
|
|
|
|
Derivatives |
|
(91,106 |
) |
|
145 |
|
|
(90,961 |
) |
Total |
|
$ |
(90,919 |
) |
|
$ |
— |
|
|
$ |
(90,919 |
) |
As of December 31, 2018 the information related to these offsetting arrangements were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Instrument Description |
|
Gross Amounts of Recognized Assets / Liabilities |
|
Gross Amounts Offset in the Consolidated Balance Sheet |
|
Net Amounts of Assets / Liabilities Included in the Consolidated Balance Sheet |
Assets: |
|
|
|
|
|
|
Derivatives |
|
$ |
6,958 |
|
|
$ |
(1,605 |
) |
|
$ |
5,353 |
|
|
|
|
|
|
|
|
Liabilities: |
|
|
|
|
|
|
Derivatives |
|
(11,910 |
) |
|
1,605 |
|
|
(10,305 |
) |
Total |
|
$ |
(4,952 |
) |
|
$ |
— |
|
|
$ |
(4,952 |
) |
|
| Offsetting liabilities |
As of September 30, 2019 the information related to these offsetting arrangements were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Instrument Description |
|
Gross Amounts of Recognized Assets / Liabilities |
|
Gross Amounts Offset in the Consolidated Balance Sheet |
|
Net Amounts of Assets / Liabilities Included in the Consolidated Balance Sheet |
Assets: |
|
|
|
|
|
|
Derivatives |
|
$ |
187 |
|
|
$ |
(145 |
) |
|
$ |
42 |
|
|
|
|
|
|
|
|
Liabilities: |
|
|
|
|
|
|
Derivatives |
|
(91,106 |
) |
|
145 |
|
|
(90,961 |
) |
Total |
|
$ |
(90,919 |
) |
|
$ |
— |
|
|
$ |
(90,919 |
) |
As of December 31, 2018 the information related to these offsetting arrangements were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Instrument Description |
|
Gross Amounts of Recognized Assets / Liabilities |
|
Gross Amounts Offset in the Consolidated Balance Sheet |
|
Net Amounts of Assets / Liabilities Included in the Consolidated Balance Sheet |
Assets: |
|
|
|
|
|
|
Derivatives |
|
$ |
6,958 |
|
|
$ |
(1,605 |
) |
|
$ |
5,353 |
|
|
|
|
|
|
|
|
Liabilities: |
|
|
|
|
|
|
Derivatives |
|
(11,910 |
) |
|
1,605 |
|
|
(10,305 |
) |
Total |
|
$ |
(4,952 |
) |
|
$ |
— |
|
|
$ |
(4,952 |
) |
|
| Summary of derivative instruments classified as derivative assets |
At September 30, 2019, the Company had the following derivative instruments (dollars in thousands):
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|
|
|
|
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|
|
|
|
|
|
|
|
Type |
|
Quantity |
|
Effective Dates |
|
Maturity Dates |
|
Hedge Interest Rates |
|
Notional Amount |
|
Adjusted Net Fair Market Value |
Interest rate swap |
|
1 |
|
|
4/29/2016 |
|
8/31/2022 |
|
1.27%- 1.29% |
|
$ |
12,136 |
|
|
$ |
42 |
|
Interest rate swaps |
|
8 |
|
|
7/31/2017 - 1/31/2018 |
|
4/30/2024 - 10/20/2024 |
|
2.16%- 2.39% |
|
281,136 |
|
|
(9,741 |
) |
Interest rate swaps |
|
3 |
|
|
4/30/2021 |
|
10/30/2026 - 10/31/2026 |
|
2.89% - 3.08% |
|
102,720 |
|
|
(8,395 |
) |
Interest rate swaps |
|
2 |
|
|
10/31/2019 |
|
4/30/2027
|
|
1.89% - 1.90% |
|
19,680 |
|
|
(323 |
) |
Interest rate swaps |
|
2 |
|
|
10/31/2019 |
|
10/31/2031 |
|
1.44% - 1.50% |
|
23,344 |
|
|
145 |
|
Interest rate swaps |
|
4 |
|
|
1/31/2018 - 1/31/2020 |
|
4/30/2034 - 10/31/2034 |
|
2.62% - 2.78% |
|
243,956 |
|
|
(27,249 |
) |
Interest rate swaps |
|
8 |
|
|
7/31/2017 - 10/18/2024 |
|
4/30/2035 - 10/31/2035 |
|
2.56% - 2.95% |
|
275,851 |
|
|
(19,627 |
) |
Interest rate swap |
|
1 |
|
|
10/18/2024 |
|
1/31/2036 |
|
2.95% |
|
14,656 |
|
|
(1,030 |
) |
Interest rate swaps |
|
3 |
|
|
1/31/2019 - 4/30/2021 |
|
4/30/2037 |
|
3.28% - 3.30% |
|
100,000 |
|
|
(15,490 |
) |
Interest rate swaps |
|
3 |
|
|
10/30/2026 - 10/31/2026 |
|
1/31/2038 |
|
3.01% - 3.16% |
|
101,135 |
|
|
(9,251 |
) |
Total |
|
|
|
|
|
|
|
|
|
$ |
1,174,614 |
|
|
$ |
(90,919 |
) |
|