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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Financial Instruments
The following tables summarize the fair value of our derivative financial instruments utilized by Horizon on a gross basis for the periods indicated.
Asset DerivativesLiability Derivatives
September 30, 2024September 30, 2024
Notional
Amount		Fair
Value		Notional
Amount		Fair
Value
Derivatives designated as hedging instruments
Interest rate contracts – fair value hedges$40,113 $1,797 $1,445 $4 
Total derivatives designated as hedging instruments40,113 1,797 1,445 4 
Derivatives not designated as hedging instruments
Interest rate contracts – customer accommodation524,919 15,427 524,919 15,427 
Mortgage loan contracts— — 14,794 8 
Commitments to originate mortgage loans15,549 451 — — 
Total derivatives not designated as hedging instruments540,468 15,878 539,713 15,435 
Total derivatives$580,581 $17,675 $541,158 $15,439 
Total derivatives subject to enforceable master netting arrangements, gross $580,581 $17,675 $541,158 $15,439 
Less: Gross amounts offset— — — — 
Total derivatives subject to enforceable master netting arrangements, net$580,581 $17,675 $541,158 $15,439 
Asset DerivativesLiability Derivatives
December 31, 2023December 31, 2023
Notional
Amount
Fair
Value
Notional
Amount
Fair
Value
Derivatives designated as hedging instruments
Interest rate contracts – fair value hedges$53,468 $2,950 $— $— 
Total derivatives designated as hedging instruments53,468 2,950 — — 
Derivatives not designated as hedging instruments
Interest rate contracts – customer accommodation504,696 23,606 514,881 24,024 
Mortgage loan contracts4,844 33 — — 
Commitments to originate mortgage loans4,351 125 — — 
Total derivatives not designated as hedging instruments513,891 23,764 514,881 24,024 
Total derivatives$567,359 $26,714 $514,881 $24,024 
Total derivatives subject to enforceable master netting arrangements, gross$567,359 $26,714 $514,881 $24,024 
Less: Gross amounts offset— — — — 
Total derivatives subject to enforceable master netting arrangements, net$567,359 $26,714 $514,881 $24,024 
Schedule of Effect of Derivative Instruments on Condensed Consolidated Statements of Income Derivative in Cash Flow Hedging Relationship
The effect of the derivative instruments on the condensed consolidated statements of comprehensive income (loss) for the three and nine month periods ended September 30 is as follows:
Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivative
Three Months EndedNine Months Ended
September 30, 2024September 30, 2023September 30, 2024September 30, 2023
Derivatives in cash flow hedging relationship
Interest rate contracts$— $— $— $(1,561)
Schedule of Effect of the Derivative Designated as a Hedging Instrument on the Consolidated Statements of Income Derivative in Fair Value Hedging Relationship
The effect of the derivatives in cash flow hedging relationships on the condensed consolidated statements of income for three and nine month periods ended September 30 is as follows:
Location of gain
(loss)
recognized		Amount of Gain (Loss) Recognized
Three Months EndedNine Months Ended
September 30, 2024September 30, 2023September 30, 2024September 30, 2023
Derivatives in cash flow hedging relationship
Interest rate contracts – cash flow hedgesInterest expense – Borrowings$— $— $— $1,832 
The effect of the derivative and the hedged item in fair value hedging relationships on the condensed consolidated statements of income for three and nine month periods ended September 30 is as follows:
Location of gain (loss)
recognized on derivative and hedged item		Amount of Gain (Loss) Recognized on Derivative and Hedged Item
Three Months EndedNine Months Ended
September 30, 2024September 30, 2023September 30, 2024September 30, 2023
Derivatives designated as hedging instruments
Interest rate contracts - fair value hedgeInterest income - loans receivable$317 $340 $982 $774 
Hedged item(317)(340)(982)(774)
Interest rate contracts - fair value hedgeInterest income - investment securities— 53 — 163 
Hedged item— (53)— (163)
Total$— $— $— $— 
The effect of derivatives not designated as hedging instruments on the condensed consolidated statements of income for the three and nine month periods ended September 30 is as follows:

Location of gain
(loss)
recognized on derivative		Amount of Gain (Loss) Recognized on Derivative
Three Months EndedNine Months Ended
September 30, 2024September 30, 2023September 30, 2024September 30, 2023
Derivatives not designated as hedging instruments
Mortgage loan contractsNon-interest income - Gain on sale of loans$(24)$(6)$34 $26 
Commitments to originate mortgage loansNon-interest income - Gain on sale of loans378 182 181 118 
Total$354 $176 $215 $144 
Amortized Cost and Cumulative Amount of Fair Value Heading Adjustments
The following tables summarize the carrying amount and associated cumulative basis adjustment related to the application of hedge accounting that is included in the carrying amount of hedged assets and liabilities in fair value hedging relationships.

Amortized Cost of Hedged ItemsCumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Items
September 30, 2024December 31, 2023September 30, 2024December 31, 2023
Loans$38,787 $40,788 $(1,793)$(2,532)