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Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 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
		December 31, 2019								December 31, 2019
		Balance Sheet Location				Fair Value				Balance Sheet Location				Fair Value
Derivatives designated as hedging instruments
Interest rate contracts			Other assets			$	11,422				Other liabilities			$	15,861
Total derivatives desginated as hedging instruments							11,422								15,861
Derivatives not designated as hedging instruments
Mortgage loan contracts			Other assets				264				Other liabilities				38
Total derivatives not designated as hedging instruments							264								38
Total derivatives						$	11,686							$	3,745

		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			Other assets			$	42				Other liabilities			$	1,802
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 consolidated statement of income for the 12-month periods ended December 31 is as follows:

		Amount of (Gain) Loss Recognized in Other Comprehensive Income on Derivative (Effective Portion)
		Years Ended December 31
		2019				2018				2017
Derivatives in cash flow hedging relationship
Interest rate contracts		$	(2,117	)		$	(25	)		$	913

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

		Location of gain (loss)  recognized on		Amount of Gain (Loss) Recognized on Derivative Years Ended December 31
		derivative		2019				2018				2017
Derivative in fair value hedging relationship
Interest rate contracts		Interest income - loans		$	(11,380	)		$	(852	)		$	(817	)
Interest rate contracts		Interest income - loans			11,380				852				817
Total				$	—			$	—			$	—

		Location of gain (loss)  recognized on		Amount of Gain (Loss) Recognized on Derivative Years Ended December 31
		derivative		2019				2018				2017
Derivative not designated as hedging relationship
Mortgage contracts		Other income - gain on sale of loans		$	91			$	(5	)		$	(439	)

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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://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
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