XML 37 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6

Disclosures about fair value of assets and liabilities (Tables)

3 Months Ended

Mar. 31, 2013

Disclosures about Fair Value of Assets and Liabilities and Fair Value of Financial Instrument [Abstract]

Fair value measurements of assets and liabilities recognized on a recurring basis

		Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
March 31, 2013
Available-for-sale securities
U.S. Treasury and federal agencies		$	46,217			$	—			$	46,217			$	—
State and municipal			170,489				—				170,489				—
Federal agency collateralized mortgage obligations			111,235				—				111,235				—
Federal agency mortgage-backed pools			150,230				—				150,230				—
Private labeled mortgage-backed pools			1,756				—				1,756				—
Corporate notes			49				—				49				—
Total available-for-sale securities			479,976				—				479,976				—
Hedged loans			75,601				—				75,601				—
Forward sale commitments			846				—				846				—
Interest rate swap agreements			(6,868	)			—				(6,868	)			—
Commitments to originate loans			—				—				—				—
December 31, 2012
Available-for-sale securities
U.S. Treasury and federal agencies		$	51,779			$	—			$	51,779			$	—
State and municipal			172,905				—				172,905				—
Federal agency collateralized mortgage obligations			96,831				—				96,831				—
Federal agency mortgage-backed pools			159,204				—				159,204				—
Private labeled mortgage-backed pools			2,031				—				2,031				—
Corporate notes			51				—				51				—
Total available-for-sale securities			482,801				—				482,801				—
Hedged loans			81,018				—				81,018				—
Forward sale commitments			858				—				858				—
Interest rate swap agreements			(7,707	)			—				(7,707	)			—
Commitments to originate loans			—				—				—				—

Schedule of fair value transfer among levels

December 31, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Reason for Transfer
Transfers to level:
Hedged loans		$	—			$	59,911			$	—			(a)
Forward sale commitments			—				510				—			(b)
Interest rate swap agreements			—				(6,464	)			—			(a)
Commitments to originate loans			—				(71	)			—			(b)
Total transfers to level		$	—			$	53,886			$	—

(a) -		Valuation determined by widely accepted techniques including discounted cash flow analysis on expected cash flows of each derivative and observable market rate inputs such as yield curves and contractual terms on each instrument.
(b) -		Valuation determined by quoted prices for similar loans in the secondary market with an expected fallout rate (interest rate locked pipeline loans not expected to close). Fallout rate is not considered a significant input to the fair value in its entirety.

Reconciliation of the beginning and ending balances of recurring fair value measurements recognized in the accompanying condensed consolidated balance sheet using significant unobservable (Level 3) inputs

		Hedged Loans				Forward Sale Commitments				Interest Rate Swaps				Commitments to Originate Loans
Beginning balance December 31, 2011		$	54,362			$	662			$	(7,101	)		$	—
Total realized and unrealized gains and losses
Included in net income			(74	)			(152	)			74				(71	)
Included in other comprehensive income, gross			—				—				563				—
Purchases, issuances, and settlements			6,114				—				—				—
Principal payments			(491	)			—				—				—
Transfers out to Level 2			(59,911	)			(510	)			6,464				71
Ending balance December 31, 2012		$	—			$	—			$	—			$	—

Realized gains and losses included in net income for the periods in the condensed consolidated statements of income

		Three Months Ended March 31
		2013				2012
Non Interest Income		(Unaudited)				(Unaudited)
Total gains and losses from:
Hedged loans		$	(401	)		$	(74	)
Fair value interest rate swap agreements			401				74
Derivative loan commitments			(12	)			(223	)
		$	(12	)		$	(223	)

Other assets measured at fair value on a nonrecurring basis

						Quoted Prices in				Significant Other				Significant
						Active Markets for				Observable				Unobservable
						Identical Assets				Inputs				Inputs
		Fair Value				(Level 1)				(Level 2)				(Level 3)
March 31, 2013
Impaired loans		$	8,109			$	—			$	—			$	8,109
Mortgage servicing rights			5,461				—				—				5,461
December 31, 2012
Impaired loans		$	8,652			$	—			$	—			$	8,652
Mortgage servicing rights			5,145				—				—				5,145

Qualitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements, other than goodwill

		Fair Value at March 31, 2013				Valuation Technique		Unobservable Inputs		Range (Weighted Average)
Impaired loans		$	8,109			Collateral based measurement		Discount to reflect current market conditions and ultimate collectability		10% - 15% (12%)
Mortgage servicing rights		$	5,461			Discounted cashflows		Discount rate, Constant prepayment rate, Probably of default		10% -15% (12%), 4% -7% (4.6%), 1% - 10% (4.5%)
		Fair Value at December 31, 2012				Valuation Technique		Unobservable Inputs		Range (Weighted Average)
Impaired loans		$	8,652			Collateral based measurement		Discount to reflect current market conditions and ultimate collectability		10% - 15% (12%)
Mortgage servicing rights		$	5,145			Discounted cashflows		Discount rate, Constant prepayment rate, Probably of default		10% - 15% (12%), 4% -7% (4.6%), 1% - 10% (4.5%)

X

- Definition

Fair value assets measured on recurring basis unobservable input reconciliation.

+ References

No definition available.

+ Details

Name:	hbnc_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock
Namespace Prefix:	hbnc_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of fair value transfer among levels.

+ References

No definition available.

+ Details

Name:	hbnc_ScheduleOfFairValueTransferAmongLevelsTableTextBlock
Namespace Prefix:	hbnc_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Unobservable inputs in recurring and nonrecurring level three fair value measurements.

+ References

No definition available.

+ Details

Name:	hbnc_UnobservableInputsInRecurringAndNonrecurringLevelThreeFairValueMeasurementsTableTextBlock
Namespace Prefix:	hbnc_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph d

-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.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph c(1)

-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.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1),(d)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 33

-Subparagraph a, b

-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.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19296-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 14

-Subparagraph a

-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.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 18

-Subparagraph c(2), d, e, f

-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.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 10

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15

-Subparagraph b-d

-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.



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13467-108611



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 19

-Subparagraph a, b, c(1), d(1)

-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.



Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258



Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610



Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph a, c(1), c(2), c(3), d

-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.



Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-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.



Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13476-108611



Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 30

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration