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Employee Thrift Plan | 12 Months Ended
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Dec. 31, 2013
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Employee Thrift Plan | Note 15 – Employee Thrift Plan The Employee Thrift Plan (“Plan”) provides that all employees of Horizon with the requisite hours of service are eligible for the Plan. The Plan permits voluntary employee contributions and Horizon may make discretionary matching and profit sharing contributions. Each eligible employee is vested according to a schedule based upon years of service. Employee voluntary contributions are vested at all times. The Bank’s expense related to the thrift plan totaled approximately $545,000 in 2013, $566,000 in 2012, and $518,000 in 2011. The Thrift Plan owns a total of 310,436 shares of Horizon’s stock or 3.6% of the outstanding shares.

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