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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Financial Instruments
The following tables summarize the fair value of derivative financial instruments utilized by Horizon:
Asset DerivativesLiability Derivatives
September 30, 2023September 30, 2023
Notional
Amount		Fair
Value		Notional
Amount		Fair
Value
Derivatives designated as hedging instruments
Interest rate contracts – cash flow hedges$— $— $— $— 
Total derivatives designated as hedging instruments— — — — 
Derivatives not designated as hedging instruments
Interest rate contracts – fair value hedges524,995 50,519 524,995 50,519 
Mortgage loan contracts— — 10,051 24 
Commitments to originate mortgage loans13,872 292 — — 
Total derivatives not designated as hedging instruments538,867 50,811 535,046 50,543 
Total derivatives$538,867 $50,811 $535,046 $50,543 
Asset DerivativesLiability Derivatives
December 31, 2022December 31, 2022
Notional
Amount
Fair
Value
Notional
Amount
Fair
Value
Derivatives designated as hedging instruments
Interest rate contracts – cash flow hedges$50,000 $1,976 $— $— 
Total derivatives designated as hedging instruments50,000 1,976 — — 
Derivatives not designated as hedging instruments
Interest rate contracts – fair value hedges514,551 42,619 514,551 42,619 
Mortgage loan contracts— — 13,800 50 
Commitments to originate mortgage loans12,179 284 — — 
Total derivatives not designated as hedging instruments526,730 42,903 528,351 42,669 
Total derivatives$576,730 $44,879 $528,351 $42,669 
Schedule of Effect of Derivative Instruments on Condensed Consolidated Statements of Income Derivative in Cash Flow Hedging Relationship
The effect of the derivative instruments on the condensed consolidated statements of comprehensive income for the three and nine–month periods ended September 30 is as follows:
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative
Three Months EndedNine Months Ended
September 30, 2023September 30, 2022September 30, 2023September 30, 2022
Derivatives in cash flow hedging relationship
Interest rate contracts$— $1,542 $(1,561)$4,535 
Schedule of Effect of the Derivative Designated as a Hedging Instrument on the Consolidated Statements of Income Derivative in Fair Value Hedging Relationship
The effect of the derivative designated as a hedging instrument on the condensed consolidated statements of income for the three and nine–month periods ended September 30 is as follows:
Location of gain
(loss)
recognized on derivative		Amount of Gain (Loss) Recognized on Derivative
Three Months EndedNine Months Ended
September 30, 2023September 30, 2022September 30, 2023September 30, 2022
Derivative designated as hedging instruments
Interest rate contracts – cash flow hedgesInterest expense – Borrowings$— $(95)$1,832 $(710)
Total$— $(95)$1,832 $(710)
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, 2023September 30, 2022September 30, 2023September 30, 2022
Derivatives not designated as hedging instruments
Interest rate contracts – fair value hedgeInterest income – loans receivable$340 $(5)$774 $(169)
Interest rate contracts – fair value hedgeInterest income – investment securities53 (13)163 (125)
Mortgage loan contractsNon–interest income – Gain on sale of loans(6)(178)26 (92)
Commitments to originate mortgage loansNon–interest income – Gain on sale of loans182 (141)118 (897)
Total$569 $(337)$1,081 $(1,283)