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Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 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
		September 30, 2019								September 30, 2019
		Balance Sheet Location				Fair Value				Balance Sheet Location				Fair Value
Derivatives designated as hedging instruments
Interest rate contracts			Loans			$	17,713				Loans			$	—
Interest rate contracts			Other Assets				—				Other liabilities				23,343
Total derivatives desginated as hedging instruments							17,713								23,343
Derivatives not designated as hedging instruments
Mortgage loan contracts			Other assets				266				Other liabilities				228
Total derivatives not designated as hedging instruments							266								228
Total derivatives						$	17,979							$	23,571
		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 and nine-month periods ending September 30 is as follows:

		Amount of Loss Recognized in Other Comprehensive Income on Derivative (Effective Portion)
		Three Months Ended								Nine Months Ended
		September 30, 2019				September 30, 2018				September 30, 2019				September 30, 2018
Derivatives in cash flow hedging relationship
Interest rate contracts		$	(682	)		$	505			$	(3,058	)		$	1,384

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

		Location of gain (loss)				Amount of Gain (Loss) Recognized on Derivative
						Three Months Ended								Nine Months Ended
		recognized on derivative				September 30, 2019				September 30, 2018				September 30, 2019				September 30, 2018
Derivative in fair value hedging relationship
Interest rate contracts		Interest income - loans				$	(6,091	)		$	2,768			$	(17,671	)		$	574
Interest rate contracts		Interest income - loans					6,091				(2,768	)			17,671				(574	)
Total						$	—			$	—			$	—			$	—
		Location of gain (loss)				Amount of Gain (Loss) Recognized on Derivative
						Three Months Ended								Nine Months Ended
		recognized on derivative				September 30, 2019				September 30, 2018				September 30, 2019				September 30, 2018
Derivative not designated as hedging relationship
Mortgage contracts		Other income - gain on sale of loans				$	(429	)		$	112			$	(97	)		$	195

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- References

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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

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-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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
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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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