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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2022
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, 2022September 30, 2022
Notional
Amount		Fair
Value		Notional
Amount		Fair
Value
Derivatives designated as hedging instruments
Interest rate contracts – cash flow hedges$50,000 $2,067 $— $— 
Total derivatives designated as hedging instruments50,000 2,067 — — 
Derivatives not designated as hedging instruments
Interest rate contracts – fair value hedges524,358 45,379 524,358 45,379 
Mortgage loan contracts— — 11,530 330 
Commitments to originate mortgage loans5,489 140 — — 
Total derivatives not designated as hedging instruments529,847 45,519 535,888 45,709 
Total derivatives$529,847 $47,586 $535,888 $45,709 
Asset DerivativesLiability Derivatives
December 31, 2021December 31, 2021
Notional
Amount
Fair
Value
Notional
Amount
Fair
Value
Derivatives designated as hedging instruments
Interest rate contracts – cash flow hedges$— $— $50,000 $3,673 
Total derivatives designated as hedging instruments— — 50,000 3,673 
Derivatives not designated as hedging instruments
Interest rate contracts – fair value hedges488,967 14,419 488,967 14,419 
Mortgage loan contracts— — 43,630 238 
Commitments to originate mortgage loans32,584 1,037 — — 
Total derivatives not designated as hedging instruments521,551 15,456 532,597 14,657 
Total derivatives$521,551 $15,456 $532,597 $18,330 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The effect of the derivative instruments on the condensed consolidated statements of comprehensive income for the nine–month periods ended September 30 is as follows:
Amount of Gain Recognized in Other Comprehensive Income on Derivative
Three Months EndedNine Months Ended
September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Derivatives in cash flow hedging relationship
Interest rate contracts$1,542 $438 $4,535 $2,836 
Schedule of Effect of Derivative Instruments on Consolidated Statement of Income Derivative in Fair Value Hedging Relationship
The effect of the derivative instruments on the condensed consolidated statements of income for the 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, 2022September 30, 2021September 30, 2022September 30, 2021
Derivative designated as hedging instruments
Interest rate contracts – cash flow hedgesInterest expense – Borrowings$95 $469 $710 $1,453 
Total$95 $469 $710 $1,453 

Location of loss
recognized on derivative		Amount of Gain (Loss) Recognized on Derivative
Three Months EndedNine Months Ended
September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Derivative not designated as hedging instruments
Mortgage loan contractsNon–interest income – Gain on sale of loans$(178)$(333)$(92)$(333)
Commitments to originate mortgage loansNon–interest income – Gain on sale of loans(141)167 (897)(379)
Total$(319)$(166)$(989)$(712)