XML 42 R32.htm IDEA: XBRL DOCUMENT
v3.25.3

Derivative Financial Instruments (Tables) | 9 Months Ended
--- | ---
Sep. 30, 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
| September 30, 2025 |  | September 30, 2025
| Notional Amount |  | Fair Value |  | Notional Amount |  | Fair Value
Derivatives designated as hedging instruments |  |  |  |  |  |  |
Interest rate contracts – fair value hedges | $ | — |  |  | $ | — |  |  | $ | 124,093 |  |  | $ | 530 |
Total derivatives designated as hedging instruments | — |  |  | — |  |  | 124,093 |  |  | 530 |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |
Interest rate contracts -customer accommodation | $ | 462,008 |  |  | $ | 13,973 |  |  | $ | 462,008 |  |  | $ | 13,973 |
Mortgage loan contracts | — |  |  | — |  |  | 21,246 |  |  | 18 |
Commitments to originate mortgage loans | 10,992 |  |  | 314 |  |  | — |  |  | — |
Total derivatives not designated as hedging instruments | 473,000 |  |  | 14,287 |  |  | 483,254 |  |  | 13,991 |
Total derivatives subject to enforceable master netting arrangements, gross | $ | 473,000 |  |  | $ | 14,287 |  |  | $ | 483,254 |  |  | $ | 13,991 |
Less: Gross amounts offset | — |  |  | — |  |  | — |  |  | — |
Total derivatives subject to enforceable master netting arrangements, net | $ | 473,000 |  |  | $ | 14,287 |  |  | $ | 483,254 |  |  | $ | 13,991 |
| 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 and nine month periods ended September 30, 2025 and September 30, 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 Months Ended |  | Nine Months Ended |  |
|  | September 30, 2025 |  | September 30, 2024 |  | September 30, 2025 |  | September 30, 2024 |  |  |  |
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts - fair value hedge | Interest income - loans receivable |  | $ | — |  |  | $ | 317 |  |  | $ | — |  |  | $ | 982 |  |  |  |  |
Hedged item |  | — |  |  | (317) |  |  | — |  |  | (982) |  |  |  |  |
Interest rate contracts - fair value hedge | Interest income - investment securities |  | 18 |  |  | — |  |  | 18 |  |  | — |  |  |  |  |
Hedged item |  | 72 |  |  | — |  |  | 72 |  |  | — |  |  |  |  |
Total |  |  | $ | 90 |  |  | $ | — |  |  | $ | 90 |  |  | $ | — |  |  |  |  |
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, 2025 and September 30, 2024 is as follows:
| Location of gain (loss) recognized on derivative |  | Amount of Gain (Loss) Recognized on Derivative
|  | Three Months Ended |  | Nine Months Ended |  |
|  | September 30, 2025 |  | September 30, 2024 |  | September 30, 2025 |  | September 30, 2024 |  |  |  |
Derivative not designated as hedging relationship |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loan contracts | Non-interest income-Gain on sale of loans |  | $ | (331) |  |  | $ | (24) |  |  | $ | 112 |  |  | $ | 34 |  |  |  |  |
Commitments to originate mortgage loans | Non-interest income-Gain on sale of loans |  | 101 |  |  | 378 |  |  | (45) |  |  | 181 |  |  |  |  |
Total |  |  | $ | (230) |  |  | $ | 354 |  |  | $ | 67 |  |  | $ | 215 |  |  |  |  |
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location | 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 Items |  | Cumulative Hedge Accounting Basis Adjustments
| September 30, 2025 |  | December 31, 2024 |  | September 30, 2025 |  | December 31, 2024
Available-for-Sale Debt Securities | $ | 125,367 |  |  | $ | — |  |  | $ | 530 |  |  | $ | — |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 5: 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 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2009/role/commonPracticeRef -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://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
Name: | us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for fair value 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://www.xbrl.org/2009/role/commonPracticeRef -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://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfFairValueHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration