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Condensed Financial Information (Parent Company Only) | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information (Parent Company Only) | Condensed Financial Information (Parent Company Only) Presented below is condensed financial information as to financial position, results of operations and cash flows of Horizon Bancorp, Inc.: Condensed Balance Sheets
| December 31 2024 |  | December 31 2023
Assets |  |  |
Total cash and cash equivalents | $ | 86,938 |  |  | $ | 79,749 |
Investment in subsidiaries | 803,799 |  |  | 765,299 |
Other assets | 9,806 |  |  | 7,008 |
Total assets | $ | 900,543 |  |  | $ | 852,056 |
Liabilities |  |  |
Subordinated notes | $ | 55,738 |  |  | $ | 55,543 |
Junior subordinated debentures issued to capital trusts | 57,477 |  |  | 57,258 |
Other liabilities | 23,748 |  |  | 20,443 |
Stockholders’ Equity | 763,580 |  |  | 718,812 |
Total liabilities and stockholders’ equity | $ | 900,543 |  |  | $ | 852,056 |
Condensed Statements of Income
| Years Ended December 31
| 2024 |  | 2023 |  | 2022
Operating Income (Expense) |  |  |  |  |
Dividend income from subsidiaries | $ | 38,000 |  |  | $ | 55,500 |  |  | $ | 34,750 |
Interest expense | (7,906) |  |  | (8,226) |  |  | (6,258) |
Other income | 117 |  |  | 431 |  |  | 45 |
Salaries and employee benefits | (5,351) |  |  | (3,502) |  |  | (2,551) |
Other expense | (434) |  |  | (370) |  |  | (411) |
Income Before Undistributed Income (Dividends in Excess) of Subsidiaries | 24,426 |  |  | 43,833 |  |  | 25,575 |
Undistributed income (dividends in excess) of subsidiaries | 8,198 |  |  | (17,838) |  |  | 66,473 |
Income Before Tax | 32,624 |  |  | 25,995 |  |  | 92,048 |
Income tax benefit | 2,805 |  |  | 1,986 |  |  | 1,360 |
Net Income Available to Common Shareholders | $ | 35,429 |  |  | $ | 27,981 |  |  | $ | 93,408 |
Condensed Statements of Comprehensive Income (Loss)
| Years Ended December 31
| 2024 |  | 2023 |  | 2022
Net Income | $ | 35,429 |  |  | $ | 27,981 |  |  | $ | 93,408 |
Other Comprehensive Income (Loss) |  |  |  |  |
Change in fair value of derivative instruments: |  |  |  |  |
Change in fair value of derivative instruments for the period | — |  |  | (523) |  |  | 5,649 |
Reclassification adjustment for swap termination gain realized in income | — |  |  | (1,453) |  |  | — |
Income tax effect | — |  |  | 415 |  |  | (1,186) |
Changes from derivative instruments | — |  |  | (1,561) |  |  | 4,463 |
Change in securities: |  |  |  |  |
Unrealized gain (loss) for the period on available for sale securities | (120) |  |  | 20,728 |  |  | (147,345) |
Reclassification of gain (loss) from available for sale securities to held to maturity securities | — |  |  | — |  |  | (794) |
Amortization (accretion) from transfer of securities from available for sale to held to maturity securities | (657) |  |  | (691) |  |  | (1,236) |
Reclassification adjustment for securities (gains) losses realized in income | 39,140 |  |  | 32,052 |  |  | — |
Income tax effect | (8,055) |  |  | (10,939) |  |  | 31,369 |
Unrealized gains (losses) on securities | 30,308 |  |  | 41,150 |  |  | (118,006) |
Other Comprehensive Income (Loss), Net of Tax | 30,308 |  |  | 39,589 |  |  | (113,543) |
Comprehensive Income (Loss) | $ | 65,737 |  |  | $ | 67,570 |  |  | $ | (20,135) |
Condensed Statements of Cash Flows
| Years Ended December 31
| 2024 |  | 2023 |  | 2022
Operating Activities |  |  |  |  |
Net income | $ | 35,429 |  |  | $ | 27,981 |  |  | $ | 93,408 |
Items not requiring (providing) cash |  |  |  |  |
Dividends in excess (equity in undistributed net income) of subsidiaries | (8,198) |  |  | 17,838 |  |  | (66,473) |
Change in: |  |  |  |  |
Share based compensation | 4,586 |  |  | 3,586 |  |  | 2,475 |
Other assets | (4,621) |  |  | 7,184 |  |  | (284) |
Other liabilities | 3,717 |  |  | (413) |  |  | 120 |
Net cash provided by operating activities | 30,913 |  |  | 56,176 |  |  | 29,246 |
Investing Activities |  |  |  |  |
Capital contribution to subsidiary | — |  |  | — |  |  | — |
Other investing activities | 1,829 |  |  | 1,762 |  |  | — |
Net cash provided by investing activities | 1,829 |  |  | 1,762 |  |  | — |
Financing Activities |  |  |  |  |
Other change in borrowings | — |  |  | 378 |  |  | 388 |
Repurchase of outstanding stock | — |  |  | — |  |  | — |
Dividends paid on common shares | (28,328) |  |  | (28,311) |  |  | (27,765) |
Net settlement of share awards | (1,371) |  |  | (1,221) |  |  | (1,824) |
Other | 4,146 |  |  | — |  |  | — |
Stock option exercises | — |  |  | — |  |  | 145 |
Repayment of subordinated notes | — |  |  | (3,132) |  |  | — |
Net cash used in financing activities | (25,553) |  |  | (32,286) |  |  | (29,056) |
Net Change in Cash and Cash Equivalents | 7,189 |  |  | 25,652 |  |  | 190 |
Cash and Cash Equivalents at Beginning of Year | 79,749 |  |  | 54,097 |  |  | 53,907 |
Cash and Cash Equivalents at End of Year | $ | 86,938 |  |  | $ | 79,749 |  |  | $ | 54,097 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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