XML 113 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Interest Income      
Loans receivable $ 62,435us-gaap_InterestAndFeeIncomeLoansAndLeases $ 62,229us-gaap_InterestAndFeeIncomeLoansAndLeases $ 59,727us-gaap_InterestAndFeeIncomeLoansAndLeases
Investment securities      
Taxable 9,344us-gaap_InterestIncomeSecuritiesTaxable 8,441us-gaap_InterestIncomeSecuritiesTaxable 8,833us-gaap_InterestIncomeSecuritiesTaxable
Tax exempt 4,426us-gaap_InterestIncomeSecuritiesTaxExempt 4,216us-gaap_InterestIncomeSecuritiesTaxExempt 3,968us-gaap_InterestIncomeSecuritiesTaxExempt
Total interest income 76,205us-gaap_InterestAndDividendIncomeOperating 74,886us-gaap_InterestAndDividendIncomeOperating 72,528us-gaap_InterestAndDividendIncomeOperating
Interest Expense      
Deposits 5,257us-gaap_InterestExpenseDeposits 5,672us-gaap_InterestExpenseDeposits 6,206us-gaap_InterestExpenseDeposits
Borrowed funds 5,956us-gaap_InterestExpenseBorrowings 5,821us-gaap_InterestExpenseBorrowings 6,166us-gaap_InterestExpenseBorrowings
Subordinated debentures 2,009us-gaap_InterestExpenseSubordinatedNotesAndDebentures 2,010us-gaap_InterestExpenseSubordinatedNotesAndDebentures 1,950us-gaap_InterestExpenseSubordinatedNotesAndDebentures
Total interest expense 13,222us-gaap_InterestExpense 13,503us-gaap_InterestExpense 14,322us-gaap_InterestExpense
Net Interest Income 62,983us-gaap_InterestIncomeExpenseNet 61,383us-gaap_InterestIncomeExpenseNet 58,206us-gaap_InterestIncomeExpenseNet
Provision for loan losses 3,058us-gaap_ProvisionForLoanAndLeaseLosses 1,920us-gaap_ProvisionForLoanAndLeaseLosses 3,524us-gaap_ProvisionForLoanAndLeaseLosses
Net Interest Income after Provision for Loan Losses 59,925us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 59,463us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 54,682us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Non-interest Income      
Service charges on deposit accounts 4,085us-gaap_FeesAndCommissionsDepositorAccounts 3,989us-gaap_FeesAndCommissionsDepositorAccounts 3,470us-gaap_FeesAndCommissionsDepositorAccounts
Wire transfer fees 557hbnc_WireTransferFees 697hbnc_WireTransferFees 892hbnc_WireTransferFees
Interchange fees 4,649hbnc_InterchangeFees 4,056hbnc_InterchangeFees 3,122hbnc_InterchangeFees
Fiduciary activities 4,738hbnc_FiduciaryActivities 4,337hbnc_FiduciaryActivities 3,997hbnc_FiduciaryActivities
Gain on sale of investment securities (includes $988, $374 and $2 for the years ended December 31, 2014, 2013 and 2012 related to accumulated other comprehensive earnings reclassifications) 988us-gaap_GainLossOnSaleOfSecuritiesNet 374us-gaap_GainLossOnSaleOfSecuritiesNet 2us-gaap_GainLossOnSaleOfSecuritiesNet
Gain on sale of mortgage loans 8,395us-gaap_GainLossOnSaleOfMortgageLoans 8,794us-gaap_GainLossOnSaleOfMortgageLoans 14,123us-gaap_GainLossOnSaleOfMortgageLoans
Mortgage servicing income net of impairment 805hbnc_MortgageServicingIncomeLossNetOfImpairment 1,521hbnc_MortgageServicingIncomeLossNetOfImpairment 234hbnc_MortgageServicingIncomeLossNetOfImpairment
Increase in cash value of bank owned life insurance 1,047us-gaap_BankOwnedLifeInsuranceIncome 1,035us-gaap_BankOwnedLifeInsuranceIncome 1,025us-gaap_BankOwnedLifeInsuranceIncome
Other income 1,013hbnc_NoninterestIncomeOtherOperatingIncomeExpense 1,103hbnc_NoninterestIncomeOtherOperatingIncomeExpense 466hbnc_NoninterestIncomeOtherOperatingIncomeExpense
Total non-interest income 26,277us-gaap_NoninterestIncome 25,906us-gaap_NoninterestIncome 27,331us-gaap_NoninterestIncome
Non-interest Expense      
Salaries and employee benefits 32,682us-gaap_LaborAndRelatedExpense 31,032us-gaap_LaborAndRelatedExpense 28,383us-gaap_LaborAndRelatedExpense
Net occupancy expenses 5,607us-gaap_OccupancyNet 4,984us-gaap_OccupancyNet 4,529us-gaap_OccupancyNet
Data processing 3,663us-gaap_InformationTechnologyAndDataProcessing 3,045us-gaap_InformationTechnologyAndDataProcessing 2,717us-gaap_InformationTechnologyAndDataProcessing
Professional fees 1,731us-gaap_ProfessionalFees 1,668us-gaap_ProfessionalFees 1,990us-gaap_ProfessionalFees
Outside services and consultants 3,250hbnc_OutsideServicesAndConsultants 2,412hbnc_OutsideServicesAndConsultants 2,313hbnc_OutsideServicesAndConsultants
Loan expense 4,770hbnc_LoanExpense 4,668hbnc_LoanExpense 4,276hbnc_LoanExpense
FDIC insurance expense 1,175us-gaap_FederalDepositInsuranceCorporationPremiumExpense 1,089us-gaap_FederalDepositInsuranceCorporationPremiumExpense 1,108us-gaap_FederalDepositInsuranceCorporationPremiumExpense
Other losses (70)us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal 807us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal 619us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
Other expense 9,138us-gaap_OtherNoninterestExpense 8,740us-gaap_OtherNoninterestExpense 8,089us-gaap_OtherNoninterestExpense
Total non-interest expense 61,946us-gaap_NoninterestExpense 58,445us-gaap_NoninterestExpense 54,024us-gaap_NoninterestExpense
Income Before Income Tax 24,256us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 26,924us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 27,989us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense (includes $346, $131 and $0 for the years ended December 31, 2014, 2013 and 2012 related to income tax expense from reclassification items) 6,155us-gaap_IncomeTaxExpenseBenefit 7,048us-gaap_IncomeTaxExpenseBenefit 8,446us-gaap_IncomeTaxExpenseBenefit
Net Income 18,101us-gaap_NetIncomeLoss 19,876us-gaap_NetIncomeLoss 19,543us-gaap_NetIncomeLoss
Preferred stock dividend (133)us-gaap_PreferredStockDividendsAndOtherAdjustments (370)us-gaap_PreferredStockDividendsAndOtherAdjustments (481)us-gaap_PreferredStockDividendsAndOtherAdjustments
Net Income Available to Common Shareholders $ 17,968us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 19,506us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 19,062us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Basic Earnings Per Share $ 1.98us-gaap_EarningsPerShareBasic $ 2.26us-gaap_EarningsPerShareBasic $ 2.39us-gaap_EarningsPerShareBasic
Diluted Earnings Per Share $ 1.90us-gaap_EarningsPerShareDiluted $ 2.17us-gaap_EarningsPerShareDiluted $ 2.30us-gaap_EarningsPerShareDiluted