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Regulatory Capital
 6 Months Ended
Jun. 30, 2023
Banking and Thrift, Interest [Abstract]  
Regulatory Capital Regulatory Capital
Horizon and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. These capital requirements implement changes arising from the Dodd–Frank Wall Street Reform and Consumer Protection Act and the U.S. Basel Committee on Banking Supervision’s capital framework (known as “Basel III”). Failure to meet the minimum regulatory capital requirements can initiate certain mandatory and possible additional discretionary actions by regulators, which if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective actions, the Company and Bank must meet specific capital guidelines involving quantitative measures of the Bank’s assets, liabilities, and certain off–balance–sheet items as calculated under regulatory accounting practices. The Company’s and Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

The Company and Bank are subject to minimum regulatory capital requirements as defined and calculated in accordance with the Basel III–based regulations. As allowed under Basel III rules, the Company made the decision to opt–out of including accumulated other comprehensive income in regulatory capital. The minimum regulatory capital requirements are set forth in the table below.
In addition, to be categorized as well capitalized, the Company and Bank must maintain Total risk–based, Tier I risk–based, common equity Tier I risk–based and Tier I leverage ratios as set forth in the table below. As of June 30, 2023 and December 31, 2022, the Company and Bank met all capital adequacy requirements to be considered well capitalized. There have been no conditions or events since the end of the second quarter of 2023 that management believes have changed the Bank’s classification as well capitalized. There is no threshold for well capitalized status for bank holding companies.
Horizon and the Bank’s actual and required capital ratios as of June 30, 2023 and December 31, 2022 were as follows:
Actual
Required for Capital
Adequacy Purposes(1)
Required For Capital
Adequacy Purposes
with Capital Buffer(1)
Well Capitalized 
Under Prompt Corrective Action
Provisions(1)
AmountRatioAmountRatioAmountRatioAmountRatio
June 30, 2023
Total capital (to risk–weighted assets)(1)
Consolidated$805,382 14.32 %$449,915 8.00 %$590,513 10.50 %N/AN/A
Bank732,236 13.03 %449,727 8.00 %590,267 10.50 %$562,159 10.00 %
Tier 1 capital (to risk–weighted assets)(1)
Consolidated755,406 13.43 %337,436 6.00 %478,035 8.50 %N/AN/A
Bank681,271 12.12 %337,295 6.00 %477,835 8.50 %449,727 8.00 %
Common equity tier 1 capital (to risk–weighted assets)(1)
Consolidated635,127 11.29 %253,077 4.50 %393,676 7.00 %N/AN/A
Bank681,271 12.12 %252,971 4.50 %393,511 7.00 %365,403 6.50 %
Tier 1 capital (to average assets)(1)
Consolidated755,406 9.79 %308,792 4.00 %308,792 4.00 %N/AN/A
Bank681,271 8.72 %312,663 4.00 %312,663 4.00 %390,829 5.00 %
December 31, 2022
Total capital (to risk–weighted assets)(1)
Consolidated$776,390 14.37 %$432,172 8.00 %$567,226 10.50 %N/AN/A
Bank726,339 13.59 %427,456 8.00 %561,036 10.50 %$534,320 10.00 %
Tier 1 capital (to risk–weighted assets)(1)
Consolidated729,835 13.51 %324,129 6.00 %459,183 8.50 %N/AN/A
Bank679,784 12.72 %320,592 6.00 %454,172 8.50 %427,456 8.00 %
Common equity tier 1 capital (to risk–weighted assets)(1)
Consolidated609,630 11.28 %243,097 4.50 %378,151 7.00 %N/AN/A
Bank679,784 12.72 %240,444 4.50 %374,024 7.00 %347,308 6.50 %
Tier 1 capital (to average assets)(1)
Consolidated729,835 10.03 %291,122 4.00 %291,122 4.00 %N/AN/A
Bank679,784 8.89 %305,996 4.00 %305,999 4.00 %382,495 5.00 %
(1) As defined by regulatory agencies