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Employee Thrift Plan | 12 Months Ended
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Dec. 31, 2014
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Employee Thrift Plan | Note 16 – 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 Plan totaled approximately $633,000 in 2014, $545,000 in 2013 and $566,000 in 2012. The Plan owns a total of 313,804 shares of Horizon’s stock or 3.4% of the outstanding shares.

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