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Regulatory Capital | 6 Months Ended
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Jun. 30, 2019
Banking and Thrift [Abstract] |
Regulatory Capital | Note 14 – Regulatory Capital Horizon and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. These capital requirements implement changes arising from the Dodd-Frank Wall Street Reform and Consumer Protection Act and the U.S. Basel Committee on Banking Supervision’s capital framework (known as “Basel III”). Failure to meet the minimum regulatory capital requirements can initiate certain mandatory and possible additional discretionary actions by regulators, which if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective actions, the Company and Bank must meet specific capital guidelines involving quantitative measures of the Bank’s assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The Company’s and Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. The Company and Bank are subject to minimum regulatory capital requirements as defined and calculated in accordance with the Basel III-based regulations. As allowed under Basel III rules, the Company made the decision to opt-out of including accumulated other comprehensive income in regulatory capital. The minimum regulatory capital requirements are set forth in the table below. In addition, to be categorized as well capitalized, the Company and Bank must maintain Total risk-based, Tier I risk-based, common equity Tier I risk-based and Tier I leverage ratios as set forth in the table below. As of June 30, 2019 and December 31, 2018, the Company and Bank met all capital adequacy requirements to be considered well capitalized. There have been no conditions or events since the end of the second quarter of 2019 that management believes have changed the Bank’s classification as well capitalized. There is no threshold for well-capitalized status for bank holding companies. Horizon and the Bank’s actual and required capital ratios as of June 30, 2019 and December 31, 2018 were as follows:
|  | Actual |  |  | Required for Capital 1 Adequacy Purposes |  |  | Required For Capital 1 Adequacy Purposes with Capital Buffer |  |  | Well Capitalized Under Prompt 1 Corrective Action Provisions |
|  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital 1 (to risk-weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  | $ | 519,613 |  |  |  | 13.23 | % |  | $ | 314,113 |  |  |  | 8.00 | % |  | $ | 412,273 |  |  |  | 10.50 | % |  |  | N/A |  |  |  | N/A |
Bank |  |  | 480,366 |  |  |  | 12.23 | % |  |  | 314,242 |  |  |  | 8.00 | % |  |  | 412,443 |  |  |  | 10.50 | % |  | $ | 392,802 |  |  |  | 10.00 | %
Tier 1 capital 1 (to risk-weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | 501,272 |  |  |  | 12.77 | % |  |  | 235,586 |  |  |  | 6.00 | % |  |  | 333,747 |  |  |  | 8.50 | % |  |  | N/A |  |  |  | N/A |
Bank |  |  | 462,025 |  |  |  | 11.76 | % |  |  | 235,681 |  |  |  | 6.00 | % |  |  | 333,881 |  |  |  | 8.50 | % |  |  | 314,241 |  |  |  | 8.00 | %
Common equity tier 1 capital 1 (to risk-weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | 443,779 |  |  |  | 11.30 | % |  |  | 176,689 |  |  |  | 4.50 | % |  |  | 274,849 |  |  |  | 7.00 | % |  |  | N/A |  |  |  | N/A |
Bank |  |  | 462,025 |  |  |  | 11.76 | % |  |  | 176,761 |  |  |  | 4.50 | % |  |  | 274,961 |  |  |  | 7.00 | % |  |  | 255,321 |  |  |  | 6.50 | %
Tier 1 capital 1 (to average assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | 501,272 |  |  |  | 10.33 | % |  |  | 194,081 |  |  |  | 4.00 | % |  |  | 194,081 |  |  |  | 4.00 | % |  |  | N/A |  |  |  | N/A |
Bank |  |  | 462,025 |  |  |  | 9.52 | % |  |  | 194,081 |  |  |  | 4.00 | % |  |  | 194,081 |  |  |  | 4.00 | % |  |  | 242,602 |  |  |  | 5.00 | %
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital 1 (to risk-weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  | $ | 427,616 |  |  |  | 13.39 | % |  | $ | 255,419 |  |  |  | 8.00 | % |  | $ | 315,283 |  |  |  | 9.875 | % |  |  | N/A |  |  |  | N/A |
Bank |  |  | 396,755 |  |  |  | 12.43 | % |  |  | 255,419 |  |  |  | 8.00 | % |  |  | 315,283 |  |  |  | 9.875 | % |  | $ | 319,274 |  |  |  | 10.00 | %
Tier 1 capital 1 (to risk-weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | 409,760 |  |  |  | 12.83 | % |  |  | 191,565 |  |  |  | 6.00 | % |  |  | 251,429 |  |  |  | 7.875 | % |  |  | N/A |  |  |  | N/A |
Bank |  |  | 378,899 |  |  |  | 11.87 | % |  |  | 191,565 |  |  |  | 6.00 | % |  |  | 251,429 |  |  |  | 7.875 | % |  |  | 255,420 |  |  |  | 8.00 | %
Common equity tier 1 capital 1 (to risk-weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | 371,297 |  |  |  | 11.63 | % |  |  | 143,673 |  |  |  | 4.50 | % |  |  | 203,537 |  |  |  | 6.375 | % |  |  | N/A |  |  |  | N/A |
Bank |  |  | 378,899 |  |  |  | 11.87 | % |  |  | 143,674 |  |  |  | 4.50 | % |  |  | 203,537 |  |  |  | 6.375 | % |  |  | 207,528 |  |  |  | 6.50 | %
Tier 1 capital 1 (to average assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | 409,760 |  |  |  | 10.12 | % |  |  | 162,033 |  |  |  | 4.00 | % |  |  | 162,033 |  |  |  | 4.000 | % |  |  | N/A |  |  |  | N/A |
Bank |  |  | 378,899 |  |  |  | 9.34 | % |  |  | 162,327 |  |  |  | 4.00 | % |  |  | 162,327 |  |  |  | 4.000 | % |  |  | 202,908 |  |  |  | 5.00 | %

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- Definition The entire disclosure for banks, savings institutions, and credit unions, for regulatory capital requirements imposed by the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS) or for any state imposed capital requirements, as applicable. The disclosure may include (1) a description of regulatory capital requirements (a) for capital adequacy purposes and (b) established by the prompt corrective action provisions of Section 38 of the Federal Depository Insurance Act; (2) the actual or possible material effects of noncompliance with such requirements; (3) whether the entity is in compliance with the regulatory capital requirements including (a) required and actual ratios and amounts of Tier 1 leverage, Tier 1 risk-based, and total risk-based capital, tangible capital (for savings institutions), and Tier 3 capital for market risk (for certain banks and bank holding companies), (b) factors that may significantly affect capital adequacy; (4) the prompt corrective action category in which the entity was classified as of its most recent notification; (5) whether management believes any conditions or events since notification have changed the entity's category. Also may include additional information that might be disclosed in situations where substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1C -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958572-112826 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1D -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958573-112826 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958570-112826 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958569-112826 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1G -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958577-112826 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1F -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958575-112826 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1E -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958574-112826 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958568-112826 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1H -URI http://asc.fasb.org/extlink&oid=84167132&loc=d3e65071-112826 + Details
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