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Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 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 Bancorp:

		Asset Derivative						Liability Derivatives
		December 31, 2014						December 31, 2014
Derivatives designated as hedging instruments (Unaudited)		Balance Sheet Location		Fair Value				Balance Sheet Location		Fair Value
Interest rate contracts		Loans		$	—			Other liabilities		$	1,208
Interest rate contracts		Other Assets			1,208			Other liabilities			3,339
Total derivatives designated as hedging instruments					1,208						4,547
Derivatives not designated as hedging instruments
Mortgage loan contracts		Other assets			447			Other liabilities			—
Total derivatives not designated as hedging instruments					447						—
Total derivatives				$	1,655					$	4,547

		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 consolidated statement of income for the twelve month periods ended is as follows:

		Amount of Loss Recognized in Other Comprehensive Income on Derivative (Effective Portion)
Derivative in cash flow		Years Ended December 31
hedging relationship		2014				2013				2012
Interest rate contracts		$	(332	)		$	1,734			$	(376	)

Effect of Derivative Instruments on Consolidated Statement of Income Derivative in Fair Value Hedging Relationship

				Amount of Gain (Loss) Recognized on Derivative
Derivative in fair value		Location of gain (loss)		Years Ended December 31
hedging relationship		recognized on derivative		2014				2013				2012
Interest rate contracts		Interest income - loans		$	1,261			$	(2,267	)		$	28
Interest rate contracts		Interest income - loans			(1,261	)			2,267				(28	)
Total				$	—			$	—			$	—
				Amount of Gain (Loss) Recognized on Derivative
Derivative not designated		Location of gain (loss)		Years Ended December 31
as hedging relationship		recognized on derivative		2014				2013				2012
Mortgage contracts		Other income - gain on sale of loans		$	256			$	(667	)		$	196

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- 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

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- 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

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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

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