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Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 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								Liability Derivatives
		September 30, 2017								September 30, 2017
Derivatives designated as hedging instruments (Unaudited)		Balance Sheet Location				Fair Value				Balance Sheet Location				Fair Value
Interest rate contracts			Loans			$	—				Other liabilities			$	429
Interest rate contracts			Other Assets				429				Other liabilities				2,390
Total derivatives designated as hedging instruments							429								2,819
Derivatives not designated as hedging instruments
Mortgage loan contracts			Other assets				286				Other liabilities				31
Total derivatives not designated as hedging instruments							286								31
Total derivatives						$	715							$	2,850
		Asset Derivatives								Liability Derivatives
		December 31, 2016								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 nine-month periods ending September 30 is as follows:

		Comprehensive Income on Derivative								Comprehensive Income on Derivative
		(Effective Portion)								(Effective Portion)
		Three Months Ended September 30								Nine Months Ended September 30
Derivative in cash flow		2017				2016				2017				2016
hedging relationship		(Unaudited)				(Unaudited)				(Unaudited)				(Unaudited)
Interest rate contracts		$	193			$	522			$	483			$	103

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

				Amount of Gain (Loss) Recognized on Derivative
				Three Months Ended September 30								Nine Months Ended September 30
Derivative in fair value		Location of gain (loss)		2017				2016				2017				2016
hedging relationship		recognized on derivative		(Unaudited)				(Unaudited)				(Unaudited)				(Unaudited)
Interest rate contracts		Interest income-loans		$	(4	)		$	(830	)		$	423			$	2,781
Interest rate contracts		Interest income-loans			4				830				(423	)			(2,781	)
Total				$	—			$	—			$	—			$	—
				Amount of Gain (Loss) Recognized on Derivative
				Three Months Ended September 30								Nine Months Ended September 30
Derivative not designated		Location of gain (loss)		2017				2016				2017				2016
as hedging relationship		recognized on derivative		(Unaudited)				(Unaudited)				(Unaudited)				(Unaudited)
Mortgage contracts		Other income-gain on sale of loans		$	(112	)		$	(324	)		$	(324	)		$	145

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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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