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Condensed Financial Information (Parent Company Only) | 12 Months Ended
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Dec. 31, 2012
Condensed Financial Information of (Parent Company Only) [Abstract] |
Condensed Financial Information (Parent Company Only) | Note 25 — Condensed Financial Information (Parent Company Only) Presented below is condensed financial information as to financial position, results of operations and cash flows of Horizon Bancorp:
Condensed Balance Sheets |  |  |  |  |  |
|  | December 31 2012 |  |  | December 31 2011 |
Assets |  |  |  |  |  |  |  |
Total cash and cash equivalents |  | $ | 13,639 |  |  | $ | 8,262 |
Investment in Bank |  |  | 180,880 |  |  |  | 146,125 |
Other assets |  |  | 3,497 |  |  |  | 3,343 |
Total assets |  | $ | 198,016 |  |  | $ | 157,730 |
Liabilities |  |  |  |  |  |  |  |
Subordinated debentures |  | $ | 32,331 |  |  | $ | 30,676 |
Other liabilities |  |  | 6,717 |  |  |  | 5,589 |
Stockholders’ Equity |  |  | 158,968 |  |  |  | 121,465 |
Total liabilities and stockholders’ equity |  | $ | 198,016 |  |  | $ | 157,730 |
Condensed Statements of Income |  |  |  |  |  |  |  |  |
|  | Years Ended December 31 |
|  | 2012 |  |  | 2011 |  |  | 2010 |
Operating Income (Expense) |  |  |  |  |  |  |  |  |  |  |  |
Dividend income from Bank |  | $ | 16,500 |  |  | $ | 10,000 |  |  | $ | 5,000 |
Investment income |  |  | — |  |  |  | 4 |  |  |  | 6 |
Other income |  |  | — |  |  |  | 17 |  |  |  | 200 |
Interest expense |  |  | (1,950 | ) |  |  | (1,821 | ) |  |  | (1,688 | )
Employee benefit expense |  |  | (695 | ) |  |  | (535 | ) |  |  | (498 | )
Other expense |  |  | (200 | ) |  |  | (134 | ) |  |  | (179 | )
Income Before Undistributed Income of Subsidiaries |  |  | 13,655 |  |  |  | 7,531 |  |  |  | 2,841 |
Undistributed Income of Subsidiaries |  |  | 4,766 |  |  |  | 4,288 |  |  |  | 6,759 |
Income Before Tax |  |  | 18,421 |  |  |  | 11,819 |  |  |  | 9,600 |
Income Tax Benefit |  |  | 1,122 |  |  |  | 978 |  |  |  | 855 |
Net Income |  |  | 19,543 |  |  |  | 12,797 |  |  |  | 10,455 |
Preferred stock dividend and discount accretion |  |  | (481 | ) |  |  | (1,325 | ) |  |  | (1,406 | )
Net Income Available to Common Shareholders |  | $ | 19,062 |  |  | $ | 11,472 |  |  | $ | 9,049 |
Condensed Statements of Comprehensive Income |  |  |  |  |  |  |  |  |
|  | Years Ended December 31 |
|  | 2012 |  |  | 2011 |  |  | 2010 |
Net Income |  | $ | 19,543 |  |  | $ | 12,797 |  |  | $ | 10,455 |
Other Comprehensive Income (Loss) |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value of derivative instruments, net of taxes |  |  | (376 | ) |  |  | (2,300 | ) |  |  | (1,172 | )
Unrealized appreciation (depreciation) on available-for-sale securities, net of taxes |  |  | 1,636 |  |  |  | 8,949 |  |  |  | (1,853 | )
Less: reclassification adjustment for realized gains included in net income, net of taxes |  |  | 1 |  |  |  | 1,155 |  |  |  | 346 |
|  |  | 1,259 |  |  |  | 5,494 |  |  |  | (3,371 | )
Comprehensive Income |  | $ | 20,802 |  |  | $ | 18,291 |  |  | $ | 7,084 |
Condensed Statements of Cash Flows |  |  |  |  |  |  |  |  |
|  | Years Ended December 31 |
|  | 2012 |  |  | 2011 |  |  | 2010 |
Operating Activities |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 19,543 |  |  | $ | 12,797 |  |  | $ | 10,455 |
Items not requiring (providing) cash |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed net income of Bank |  |  | (4,766 | ) |  |  | (4,288 | ) |  |  | (6,759 | )
Change in |  |  |  |  |  |  |  |  |  |  |  |
Income taxes receivable |  |  | (137 | ) |  |  | (236 | ) |  |  | 33 |
Dividends receivable from Bank |  |  | — |  |  |  | — |  |  |  | 2,500 |
Share based compensation |  |  | 33 |  |  |  | 35 |  |  |  | 30 |
Amortization of unearned compensation |  |  | 187 |  |  |  | 100 |  |  |  | 68 |
Issuance of restricted shares |  |  | 115 |  |  |  | 60 |  |  |  | 34 |
Other assets |  |  | (176 | ) |  |  | 473 |  |  |  | (308 | )
Other liabilities |  |  | 1,128 |  |  |  | 129 |  |  |  | 250 |
Net cash provided by operating activities |  |  | 15,927 |  |  |  | 9,070 |  |  |  | 6,303 |
Investing Activities |  |  |  |  |  |  |  |  |  |  |  |
Investment in Bank |  |  | — |  |  |  | — |  |  |  | (3,500 | )
Purchases and assumption of ATSB |  |  | — |  |  |  | — |  |  |  | 3,412 |
Acquistion of Heartland |  |  | (7,248 | ) |  |  | — |  |  |  | — |
Net cash used in investing activities |  |  | (7,248 | ) |  |  | — |  |  |  | (88 | )
Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Redemption of preferred stock |  |  | — |  |  |  | (18,750 | ) |  |  | (6,250 | )
Issuance of preferred stock |  |  | — |  |  |  | 12,500 |  |  |  | — |
Dividends paid on preferred shares |  |  | (481 | ) |  |  | (792 | ) |  |  | (1,245 | )
Dividends paid on common shares |  |  | (3,047 | ) |  |  | (2,325 | ) |  |  | (2,240 | )
Exercise of stock options |  |  | 226 |  |  |  | 63 |  |  |  | 197 |
Net cash used in financing activities |  |  | (3,302 | ) |  |  | (9,304 | ) |  |  | (9,538 | )
Net Change in Cash and Cash Equivalents |  |  | 5,377 |  |  |  | (234 | ) |  |  | (3,323 | )
Cash and Cash Equivalents at Beginning of Year |  |  | 8,262 |  |  |  | 8,496 |  |  |  | 11,819 |
Cash and Cash Equivalents at End of Year |  | $ | 13,639 |  |  | $ | 8,262 |  |  | $ | 8,496 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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