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Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2019

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
		March 31, 2019								March 31, 2019
		Balance Sheet Location				Fair Value				Balance Sheet Location				Fair Value
Derivatives designated as hedging instruments
Interest rate contracts			Loans			$	—				Loans			$	4,093
Interest rate contracts			Other Assets				4,093				Other liabilities				2,866
Total derivatives desginated as hedging instruments							4,093								6,959
Derivatives not designated as hedging instruments
Mortgage loan contracts			Other assets				392				Other liabilities				—
Total derivatives not designated as hedging instruments							392								—
Total derivatives						$	4,485							$	6,959

		Asset Derivatives								Liability Derivatives
		December 31, 2018								December 31, 2018
		Balance Sheet Location				Fair Value				Balance Sheet Location				Fair Value
Derivatives designated as hedging instruments
Interest rate contracts			Loans			$	—				Loans			$	42
Interest rate contracts			Other Assets				42				Other liabilities				1,760
Total derivatives desginated as hedging instruments							42								1,802
Derivatives not designated as hedging instruments
Mortgage loan contracts			Other assets				135				Other liabilities				—
Total derivatives not designated as hedging instruments							135								—
Total derivatives						$	177							$	1,802

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 statements of income for the three-month periods ending March 31 is as follows:

		Amount of Loss Recognized in Other Comprehensive Income on Derivative (Effective Portion)
		Three Months Ended
		March 31, 2019				March 31, 2018
Derivatives in cash flow hedging relationship
Interest rate contracts		$	(874	)		$	358

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

		Location of gain				Amount of Gain (Loss) Recognized on Derivative
		(loss) recognized on				Three Months Ended
		derivative				March 31, 2019				March 31, 2018
Derivative in fair value hedging relationship
Interest rate contracts			Interest income -loans			$	(4,051	)		$	2,768
Interest rate contracts			Interest income -loans				4,051				(2,768	)
Total						$	—			$	—

Location of gain

Amount of Gain (Loss) Recognized on Derivative

(loss) recognized on

Three Months Ended

derivative

March 31, 2019

March 31, 2018

Derivative not designated as hedging relationship

Mortgage contracts

Other income - gain on sale of loans

$

257

$

112

X

- References

No definition available.

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109980867&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/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=109980867&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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959

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