Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2015

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:

	Asset Derivatives December 31, 2015			Liability Derivatives December 31, 2015
Derivatives designated as hedging instruments (Unaudited)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Interest rate contracts	Loans	$	—	Other liabilities	$	1,782
Interest rate contracts	Other Assets		1,782	Other liabilities		3,141
Total derivatives designated as hedging instruments			1,782			4,923
Derivatives not designated as hedging instruments
Mortgage loan contracts	Other assets		642	Other liabilities		—
Total derivatives not designated as hedging instruments			642			—
Total derivatives		$	2,424		$	4,923
	Asset Derivatives December 31, 2014			Liability Derivatives December 31, 2014
Derivatives designated as hedging instruments (Unaudited)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Interest rate contracts	Loans	$	—	Other liabilities	$	1,208
Interest rate contracts	Other Assets		1,208	Other liabilities		3,339
Total derivatives designated as hedging instruments			1,208			4,547
Derivatives not designated as hedging instruments
Mortgage loan contracts	Other assets		447	Other liabilities		—
Total derivatives not designated as hedging instruments			447			—
Total derivatives		$	1,655		$	4,547

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

The effect of the derivative instruments on the consolidated statement of income for the 12-month periods ended is as follows:

	Amount of Loss Recognized in Other Comprehensive Income on Derivative (Effective Portion) Years Ended December 31
Derivative in cash flow hedging relationship	2015		2014			2013
Interest rate contracts	$	127	$	(332	)	$	1,734

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

		Amount of Gain (Loss) Recognized on Derivative
	Location of gain (loss)	Years Ended December 31
Derivative in fair value hedging relationship	recognized on derivative	2015			2014			2013
Interest rate contracts	Interest income - loans	$	574		$	1,261		$	(2,267	)
Interest rate contracts	Interest income - loans		(574	)		(1,261	)		2,267
Total		$	—		$	—		$	—
		Amount of Gain (Loss) Recognized on Derivative
	Location of gain (loss)	Years Ended December 31
Derivative not designated as hedging relationship	recognized on derivative	2015			2014			2013
Mortgage contracts	Other income - gain on sale of loans	$	195		$	256		$	(667	)