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