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Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2017

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 Derivatives June 30, 2017						Liability Derivatives June 30, 2017
Derivatives designated as hedging instruments (Unaudited)		Balance Sheet Location		Fair Value				Balance Sheet Location				Fair Value
Interest rate contracts		Loans		$	—				Other liabilities			$	433
Interest rate contracts		Other Assets			433				Other liabilities				2,686
Total derivatives designated as hedging instruments					433								3,119
Derivatives not designated as hedging instruments
Mortgage loan contracts		Other assets			389				Other liabilities				22
Total derivatives not designated as hedging instruments					389								22
Total derivatives				$	822							$	3,141
		Asset Derivatives December 31, 2016						Liability Derivatives December 31, 2016
Derivatives designated as hedging instruments		Balance Sheet Location		Fair Value				Balance Sheet Location				Fair Value
Interest rate contracts		Loans		$	—				Other liabilities			$	6
Interest rate contracts		Other Assets			6				Other liabilities				3,132
Total derivatives designated as hedging instruments					6								3,138
Derivatives not designated as hedging instruments
Mortgage loan contracts		Other assets			602				Other liabilities				22
Total derivatives not designated as hedging instruments					602								22
Total derivatives				$	608							$	3,160

Effect of Derivative Instruments on Condensed Consolidated Statements of Income Derivative in Cash Flow Hedging Relationship

The effect of the derivative instruments on the condensed consolidated statements of income for the three- month 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		2017 (Unaudited)				2016 (Unaudited)				2017 (Unaudited)				2016 (Unaudited)
Interest rate contracts		$	30			$	(54	)		$	290			$	(419	)

Effect of Derivative Instruments on Consolidated Statements 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		2017 (Unaudited)				2016 (Unaudited)				2017 (Unaudited)				2016 (Unaudited)
Interest rate contracts		Interest income - loans		$	679			$	1,110			$	426			$	3,611
Interest rate contracts		Interest income - loans			(679	)			(1,110	)			(426	)			(3,611	)
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		2017 (Unaudited)				2016 (Unaudited)				2017 (Unaudited)				2016 (Unaudited)
Mortgage contracts		Other income - gain on sale of loans		$	(153	)		$	468			$	(212	)		$	471

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- References

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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=84234895&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 4C
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959

Reference 2: 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=84234895&loc=SL5618551-113959

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- 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=84234895&loc=SL5618551-113959

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