XML 39 R31.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Derivative Financial Instruments (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Fair Value of Derivative Financial Instruments | The following tables summarize the fair value of derivative financial instruments utilized by Horizon:
|  | Asset Derivative |  |  | Liability Derivatives |
|  | September 30, 2014 |  |  | September 30, 2014 |
Derivatives designated as hedging instruments (Unaudited) |  | Balance Sheet Location |  | Fair Value |  |  | Balance Sheet Location |  | Fair Value |
Interest rate contracts |  | Loans |  | $ | — |  |  | Other liabilities |  | $ | 372 |
Interest rate contracts |  | Other Assets |  |  | 372 |  |  | Other liabilities |  |  | 2,996 |
Total derivatives designated as hedging instruments |  |  |  |  | 372 |  |  |  |  |  | 3,368 |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |
Mortgage loan contracts |  | Other assets |  |  | 469 |  |  | Other liabilities |  |  | 22 |
Total derivatives not designated as hedging instruments |  |  |  |  | 469 |  |  |  |  |  | 22 |
Total derivatives |  |  |  | $ | 841 |  |  |  |  | $ | 3,390 |
|  | Asset Derivative |  |  | Liability Derivatives |
|  | December 31, 2013 |  |  | December 31, 2013 |
Derivatives designated as hedging instruments (Unaudited) |  | Balance Sheet Location |  | Fair Value |  |  | Balance Sheet Location |  | Fair Value |
Interest rate contracts |  | Loans |  | $ | 7 |  |  | Other liabilities |  | $ | (53 | )
Interest rate contracts |  | Other Assets |  |  | (60 | ) |  | Other liabilities |  |  | 2,826 |
Total derivatives designated as hedging instruments |  |  |  |  | (53 | ) |  |  |  |  | 2,773 |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |
Mortgage loan contracts |  | Other assets |  |  | 212 |  |  | Other liabilities |  |  | 22 |
Total derivatives not designated as hedging instruments |  |  |  |  | 212 |  |  |  |  |  | 22 |
Total derivatives |  |  |  | $ | 159 |  |  |  |  | $ | 2,795 |
Effect of Derivative Instruments on Consolidated Statement of Income Derivative in Cash Flow Hedging Relationship | The effect of the derivative instruments on the condensed consolidated statement of income for the three and nine month periods ending is as follows:
|  | Comprehensive Income on Derivative (Effective Portion) |  |  | Comprehensive Income on Derivative (Effective Portion) |
|  | Three Months Ended September 30 |  |  | Nine Months Ended September 30 |
Derivative in cash flow hedging relationship |  | 2014 (Unaudited) |  |  | 2013 (Unaudited) |  |  | 2014 (Unaudited) |  |  | 2013 (Unaudited) |
Interest rate contracts |  | $ | 240 |  |  | $ | 25 |  |  | $ | (110 | ) |  | $ | 1,338 |
Effect of Derivative Instruments on Consolidated Statement of Income Derivative in Fair Value Hedging Relationship |
|  |  |  | Amount of Gain (Loss) Recognized on Derivative |  |  | Amount of Gain (Loss) Recognized on Derivative |
|  |  |  | Three Months Ended September 30 |  |  | Nine Months Ended September 30 |
Derivative in fair value hedging relationship |  | Location of gain (loss) recognized on derivative |  | 2014 (Unaudited) |  |  | 2013 (Unaudited) |  |  | 2014 (Unaudited) |  |  | 2013 (Unaudited) |
Interest rate contracts |  | Interest income - loans |  | $ | (326 | ) |  | $ | 211 |  |  | $ | 425 |  |  | $ | (1,635 | )
Interest rate contracts |  | Interest income - loans |  |  | 326 |  |  |  | (211 | ) |  |  | (425 | ) |  |  | 1,635 |
Total |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
|  |  |  | Amount of Gain (Loss) Recognized on Derivative |  |  | Amount of Gain (Loss) Recognized on Derivative |
|  |  |  | Three Months Ended September 30 |  |  | Nine Months Ended September 30 |
Derivative not designated as hedging relationship |  | Location of gain (loss) recognized on derivative |  | 2014 (Unaudited) |  |  | 2013 (Unaudited) |  |  | 2014 (Unaudited) |  |  | 2013 (Unaudited) |
Mortgage contracts |  | Other income - gain on sale of loans |  | $ | (22 | ) |  | $ | 169 |  |  | $ | (1 | ) |  | $ | (239 | )

X
- Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5618551-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5618551-113959 + Details
Name: | us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration