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Derivative Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of 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, 2022 |  | March 31, 2022
| Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
Derivatives designated as hedging instruments |  |  |  |  |  |  |
Interest rate contracts – cash flow hedges | Other assets |  | $ | — |  |  | Other liabilities |  | $ | 927 |
Total derivatives designated as hedging instruments |  |  | — |  |  |  |  | 927 |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |
Interest rate contracts – fair value hedges | Other assets |  | 11,083 |  |  | Other liabilities |  | 11,083 |
Mortgage loan contracts | Other assets |  | — |  |  | Other liabilities |  | 586 |
Commitments to originate mortgage loans | Other assets |  | 361 |  |  | Other liabilities |  | — |
Total derivatives not designated as hedging instruments |  |  | 11,444 |  |  |  |  | 11,669 |
Total derivatives |  |  | $ | 11,444 |  |  |  |  | $ | 12,596 |
| Asset Derivatives |  | Liability Derivatives
| December 31, 2021 |  | December 31, 2021
| Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
Derivatives designated as hedging instruments |  |  |  |  |  |  |
Interest rate contracts – cash flow hedges | Other assets |  | $ | — |  |  | Other liabilities |  | $ | 3,673 |
Total derivatives designated as hedging instruments |  |  | — |  |  |  |  | 3,673 |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |
Interest rate contracts – fair value hedges | Other assets |  | 14,419 |  |  | Other liabilities |  | 14,419 |
Mortgage loan contracts | Other assets |  | — |  |  | Other liabilities |  | 238 |
Commitments to originate mortgage loans | Other assets |  | 1,037 |  |  | Other liabilities |  | — |
Total derivatives not designated as hedging instruments |  |  | 15,456 |  |  |  |  | 14,657 |
Total derivatives |  |  | $ | 15,456 |  |  |  |  | $ | 18,330 |
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) | The effect of the derivative instruments on the condensed consolidated statements of comprehensive income for the three–month periods ending March 31 is as follows:
| Amount of Gain Recognized in Other Comprehensive Income on Derivative
| Three Months Ended |  |
| March 31, 2022 |  | March 31, 2021 |  |  |  |
Derivatives in cash flow hedging relationship |  |  |  |  |  |  |
Interest rate contracts | $ | 2,169 |  |  | $ | 2,412 |  |  |  |  |
The effect of the derivative instruments on the condensed consolidated statements of income for the three–month periods ending March 31 is as follows:
Schedule of Effect of Derivative Instruments on Consolidated Statement of Income Derivative in Fair Value Hedging Relationship |
| Location of gain (loss) recognized on derivative |  | Amount of Gain (Loss) Recognized on Derivative
Three Months Ended |  |
| March 31, 2022 |  | March 31, 2021 |  |  |  |
Derivative designated as hedging instruments |  |  |  |  |  |  |  |  |
Interest rate contracts – cash flow hedges | Interest expense – Borrowings |  | $ | 340 |  |  | $ | 509 |  |  |  |  |
Total |  |  | $ | 340 |  |  | $ | 509 |  |  |  |  |
| Location of loss recognized on derivative |  | Amount of Loss Recognized on Derivative
Three Months Ended |  |
| March 31, 2022 |  | March 31, 2021 |  |  |  |
Derivative not designated as hedging instruments |  |  |  |  |  |  |  |  |
Mortgage loan contracts | Non–interest income – Gain on sale of loans |  | (348) |  |  | (700) |  |  |  |  |
Commitments to originate mortgage loans | Non–interest income – Gain on sale of loans |  | (675) |  |  | (541) |  |  |  |  |
Total |  |  | $ | (1,023) |  |  | $ | (1,241) |  |  |  |  |

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- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + 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 (c) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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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=125515794&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=125515794&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=125515794&loc=SL5624171-113959 + Details
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