Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

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			Liability Derivatives
	March 31, 2016			March 31, 2016
Derivatives designated as hedging instruments (Unaudited)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Interest rate contracts	Loans	$	—	Other liabilities	$	4,283
Interest rate contracts	Other Assets		4,283	Other liabilities		3,702
Total derivatives designated as hedging instruments			4,283			7,985
Derivatives not designated as hedging instruments
Mortgage loan contracts	Other assets		644	Other liabilities		—
Total derivatives not designated as hedging instruments			644			—
Total derivatives		$	4,927		$	7,985

	Asset Derivatives			Liability Derivatives
	December 31, 2015			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

Effect of Derivative Instruments on Condensed 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 March 31 is as follows:

	Comprehensive Income on Derivative (Effective Portion)
	Three Months Ended March 31
Derivative in cash flow	2016			2015
hedging relationship	(Unaudited)			(Unaudited)
Interest rate contracts	$	(365	)	$	(214	)

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	Location of gain (loss)	2016			2015
hedging relationship	recognized on derivative	(Unaudited)			(Unaudited)
Interest rate contracts	Interest income - loans	$	1,478		$	719
Interest rate contracts	Interest income - loans		(1,478	)		(719	)
Total		$	—		$	—

		Amount of Gain (Loss) Recognized on Derivative
		Three Months Ended March 31
Derivative not designated as	Location of gain (loss)	2016		2015
hedging relationship	recognized on derivative	(Unaudited)		(Unaudited)
Mortgage contracts	Other income - gain on sale of loans	$	2	$	189