Quarterly report pursuant to Section 13 or 15(d)

Derivatives (Tables)

v3.20.2
Derivatives (Tables)
9 Months Ended
Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Offsetting Assets As of September 30, 2020, 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 $ 160  $ (160) $ — 
Liabilities:
Derivatives (142,874) 160  (142,714)
Total $ (142,714) $ —  $ (142,714)
As of December 31, 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 $ 683  $ (615) $ 68 
Liabilities:
Derivatives (64,361) 615  (63,746)
Total $ (63,678) $ —  $ (63,678)
Offsetting Liabilities As of September 30, 2020, 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 $ 160  $ (160) $ — 
Liabilities:
Derivatives (142,874) 160  (142,714)
Total $ (142,714) $ —  $ (142,714)
As of December 31, 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 $ 683  $ (615) $ 68 
Liabilities:
Derivatives (64,361) 615  (63,746)
Total $ (63,678) $ —  $ (63,678)
Summary of Derivative Instruments Classified as Derivative Assets
At September 30, 2020, the Company had the following derivative instruments (dollars in thousands):
Type Quantity Effective Dates Maturity Dates Hedge Interest Rates Notional Amount Fair Market Value
Interest rate swap 1/31/2020 4/30/2021
2.80%
$ 100,000  $ (1,488)
Interest rate swap
4/29/2016
8/31/2022
1.27% - 1.29%
10,541  (222)
Interest rate swaps
7/31/2017 - 1/31/2018
4/30/2024 - 10/20/2024
2.16% - 2.39%
276,982  (20,212)
Interest rate swaps 4/30/2021
10/30/2026 - 10/31/2026
2.89% - 3.08%
102,720  (14,865)
Interest rate swaps
10/31/2019 - 10/30/2020
4/30/2027 - 8/13/2027
0.57% - 1.89%
156,156  (2,132)
Interest rate swaps
10/31/2019
10/31/2031
1.44% - 1.50%
22,696  (1,332)
Interest rate swaps
1/31/2018 - 7/31/2027
4/30/2034 - 10/31/2034
2.62% - 3.33%
356,652  (52,689)
Interest rate swaps
7/31/2017 - 10/18/2024
4/30/2035 - 10/31/2035
2.56% - 2.95%
275,317  (33,299)
Interest rate swap
10/18/2024
1/31/2036
2.95%
14,656  (1,686)
Interest rate swaps
10/30/2026 - 10/31/2026
1/31/2038
3.01% - 3.16%
101,135  (14,198)
Interest rate swaps
10/30/2020 - 8/13/2027
1/31/2043
1.02% - 1.43%
122,030  (591)
Total $ 1,538,885  $ (142,714)