Derivative financial instruments (Tables)

3 Months Ended

Mar. 31, 2014

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Financial Instruments

The following tables summarize the fair value of derivative financial instruments utilized by Horizon Bancorp:

	Asset Derivative March 31, 2014			Liability Derivatives March 31, 2014
Derivatives designated as hedging instruments (Unaudited)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Interest rate contracts	Loans	$	—	Other liabilities	$	154
Interest rate contracts	Other Assets		154	Other liabilities		3,051
Total derivatives designated as hedging instruments			154			3,205
Derivatives not designated as hedging instruments
Mortgage loan contracts	Other assets		470	Other liabilities		39
Total derivatives not designated as hedging instruments			470			39
Total derivatives		$	624		$	3,244

	Asset Derivative December 31, 2013				Liability Derivatives December 31, 2013
Derivatives designated as hedging instruments (Unaudited)	Balance Sheet Location	Fair Value			Balance Sheet Location	Fair Value
Interest rate contracts	Loans	$	7		Other liabilities	$	(53	)
Interest rate contracts	Other Assets		(60	)	Other liabilities		2,826
Total derivatives designated as hedging instruments			(53	)			2,773
Derivatives not designated as hedging instruments
Mortgage loan contracts	Other assets		212		Other liabilities		22
Total derivatives not designated as hedging instruments			212				22
Total derivatives		$	159			$	2,795

Effect of Derivative Instruments on Consolidated Statement of Income Derivative in Cash Flow Hedging Relationship

The effect of the derivative instruments on the condensed consolidated statement of income for the three month periods ending is as follows:

	Amount of Loss Recognized in Other Comprehensive Income on Derivative (Effective Portion)
	Three Months Ended March 31
Derivative in cash flow hedging relationship	2014 (Unaudited)			2013 (Unaudited)
Interest rate contracts	$	(146	)	$	285

Effect of Derivative Instruments on Consolidated Statement of Income Derivative in Fair Value Hedging Relationship

		Amount of Gain (Loss) Recognized on Derivative
		Three Months Ended March 31
Derivative in fair value hedging relationship	Location of gain (loss) recognized on derivative	2014 (Unaudited)			2013 (Unaudited)
Interest rate contracts	Interest income—loans	$	207		$	(401	)
Interest rate contracts	Interest income—loans		(207	)		401
Total		$	—		$	—

		Amount of Gain (Loss) Recognized on Derivative
		Three Months Ended March 31
Derivative not designated as hedging relationship	Location of gain (loss) recognized on derivative	2014 (Unaudited)		2013 (Unaudited)
Mortgage contracts	Other income—gain on sale of loans	$	240	$	(12	)