Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2015

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 June 30, 2015			Liability Derivatives June 30, 2015
Derivatives designated as hedging instruments (Unaudited)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Interest rate contracts	Loans	$	—	Other liabilities	$	1,022
Interest rate contracts	Other Assets		1,022	Other liabilities		3,155

Total derivatives designated as hedging instruments			1,022			4,177


Derivatives not designated as hedging instruments
Mortgage loan contracts	Other assets		751	Other liabilities		32

Total derivatives not designated as hedging instruments			751			32

Total derivatives		$	1,773		$	4,209


	Asset Derivative December 31, 2014			Liability Derivatives 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

Effect of Derivative Instruments on Condensed 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 six-month periods ending June 30 is as follows:


	Comprehensive Income on Derivative (Effective Portion)					Comprehensive Income on Derivative (Effective Portion)
	Three Months Ended June 30					Six Months Ended June 30
Derivative in cash flow hedging relationship	2015 (Unaudited)		2014 (Unaudited)			2015 (Unaudited)		2014 (Unaudited)
Interest rate contracts	$	332	$	(206	)	$	118	$	(352	)

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 June 30						Six Months Ended June 30
Derivative in fair value hedging relationship	Location of gain (loss) recognized on derivative	2015 (Unaudited)			2014 (Unaudited)			2015 (Unaudited)			2014 (Unaudited)
Interest rate contracts	Interest income - loans	$	(1,186	)	$	544		$	(186	)	$	751
Interest rate contracts	Interest income - loans		1,186			(544	)		186			(751	)

Total		$	—		$	—		$	—		$	—


		Amount of Gain (Loss) Recognized on Derivative				Amount of Gain (Loss) Recognized on Derivative
		Three Months Ended June 30				Six Months Ended June 30
Derivative not designated as hedging relationship	Location of gain (loss) recognized on derivative	2015 (Unaudited)		2014 (Unaudited)		2015 (Unaudited)		2014 (Unaudited)
Mortgage contracts	Other income - gain on sale of loans	$	83	$	210	$	272	$	450