Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2019

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
	June 30, 2019				June 30, 2019
	Balance Sheet Location		Fair Value		Balance Sheet Location		Fair Value
Derivatives designated as hedging instruments
Interest rate contracts		Loans	$	11,622		Loans	$	—
Interest rate contracts		Other Assets		—		Other liabilities		16,389
Total derivatives desginated as hedging instruments				11,622				16,389
Derivatives not designated as hedging instruments
Mortgage loan contracts		Other assets		467		Other liabilities		—
Total derivatives not designated as hedging instruments				467				—
Total derivatives			$	12,089			$	16,389
	Asset Derivatives				Liability Derivatives
	December 31, 2018				December 31, 2018
	Balance Sheet Location		Fair Value		Balance Sheet Location		Fair Value
Derivatives designated as hedging instruments
Interest rate contracts		Loans	$	—		Loans	$	42
Interest rate contracts		Other Assets		42		Other liabilities		1,760
Total derivatives desginated as hedging instruments				42				1,802
Derivatives not designated as hedging instruments
Mortgage loan contracts		Other assets		135		Other liabilities		—
Total derivatives not designated as hedging instruments				135				—
Total derivatives			$	177			$	1,802

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 statements of income for the three and six-month periods ending June 30 is as follows:

	Amount of Loss Recognized in Other Comprehensive Income on Derivative (Effective Portion)
	Three Months Ended					Six Months Ended
	June 30, 2019			June 30, 2018		June 30, 2019			June 30, 2018
Derivatives in cash flow hedging relationship
Interest rate contracts	$	(1,502	)	$	279	$	(2,376	)	$	879

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

	Location of gain (loss) recognized on derivative	Amount of Gain (Loss) Recognized on Derivative
		Three Months Ended						Six Months Ended
		June 30, 2019			June 30, 2018			June 30, 2019			June 30, 2018
Derivative in fair value hedging relationship
Interest rate contracts	Interest income - loans	$	(7,529	)	$	2,768		$	(11,580	)	$	574
Interest rate contracts	Interest income - loans		7,529			(2,768	)		11,580			(574	)
Total		$	—		$	—		$	—		$	—
	Location of gain (loss) recognized on derivative	Amount of Gain (Loss) Recognized on Derivative
		Three Months Ended						Six Months Ended
		June 30, 2019			June 30, 2018			June 30, 2019			June 30, 2018
Derivative not designated as hedging relationship
Mortgage contracts	Other income - gain on sale of loans	$	75		$	112		$	332		$	195