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Derivative Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2025
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 Derivatives |  | Liability Derivatives
| March 31, 2025 |  | March 31, 2025
| Notional Amount |  | Fair Value |  | Notional Amount |  | Fair Value
Derivatives not designated as hedging instruments |  |  |  |  |  |  |
Interest rate contracts -customer accommodation | $ | 514,001 |  |  | $ | 21,153 |  |  | $ | 514,001 |  |  | $ | 21,153 |
Mortgage loan contracts | — |  |  | — |  |  | 15,988 |  |  | 46 |
Commitments to originate mortgage loans | 15,123 |  |  | 509 |  |  | — |  |  | — |
Total derivatives not designated as hedging instruments | 529,124 |  |  | 21,662 |  |  | 529,989 |  |  | 21,199 |
Total derivatives subject to enforceable master netting arrangements, gross | $ | 529,124 |  |  | $ | 21,662 |  |  | $ | 529,989 |  |  | $ | 21,199 |
Less: Gross amounts offset | — |  |  | — |  |  | — |  |  | — |
Total derivatives subject to enforceable master netting arrangements, net | $ | 529,124 |  |  | $ | 21,662 |  |  | $ | 529,989 |  |  | $ | 21,199 |
| Asset Derivatives |  | Liability Derivatives
| December 31, 2024 |  | December 31, 2024
| Notional Amount |  | Fair Value |  | Notional Amount |  | Fair Value
Derivatives not designated as hedging instruments |  |  |  |  |  |  |
Interest rate contracts - customer accommodation | $ | 521,520 |  |  | $ | 28,817 |  |  | $ | 521,520 |  |  | $ | 28,817 |
Mortgage loan contracts | 6,155 |  |  | 27 |  |  | — |  |  | — |
Commitments to originate mortgage loans | 6,856 |  |  | 202 |  |  | — |  |  | — |
Total derivatives not designated as hedging instruments | 534,531 |  |  | 29,046 |  |  | 521,520 |  |  | 28,817 |
Total derivatives subject to enforceable master netting arrangements, gross | $ | 534,531 |  |  | $ | 29,046 |  |  | $ | 521,520 |  |  | $ | 28,817 |
Less: Gross amounts offset | — |  |  | — |  |  | — |  |  | — |
Total derivatives subject to enforceable master netting arrangements, net | $ | 534,531 |  |  | $ | 29,046 |  |  | $ | 521,520 |  |  | $ | 28,817 |
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 derivative and the hedged item in fair value hedging relationships on the condensed consolidated statements of income for three month periods ended March 31, 2025 and March 31, 2024 is as follows:
| Location of gain (loss) recognized on derivative and Hedge item |  | Amount of Gain (Loss) Recognized on Derivative and Hedged Item
|  | Three Month Ended |  |
|  | March 31, 2025 |  | March 31, 2024 |  |  |  |
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |  |
Interest rate contracts - fair value hedge | Interest income - loans receivable |  | $ | — |  |  | $ | 335 |  |  |  |  |
Hedged item |  | — |  |  | (335) |  |  |  |  |
Interest rate contracts - fair value hedge | Interest income - investment securities |  | — |  |  | (71) |  |  |  |  |
Hedged item |  | — |  |  | 71 |  |  |  |  |
Total |  |  | $ | — |  |  | $ | — |  |  |  |  |
The effect of derivatives not designated as hedging instruments on the condensed consolidated statements of income for the three month periods ended March 31, 2025 and March 31, 2024 is as follows:
| Location of gain (loss) recognized on derivative |  | Amount of Gain (Loss) Recognized on Derivative
|  | Three Month Ended |  |
|  | March 31, 2025 |  | March 31, 2024 |  |  |  |
Derivative not designated as hedging relationship |  |  |  |  |  |  |  |  |
Mortgage loan contracts | Non-interest income-Gain on sale of loans |  | 509 |  |  | (24) |  |  |  |  |
Commitments to originate mortgage loans | Non-interest income-Gain on sale of loans |  | (46) |  |  | (38) |  |  |  |  |
Total |  |  | $ | 463 |  |  | $ | (62) |  |  |  |  |

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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 -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
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- Definition 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 -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
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