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Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Financial Instruments
The following tables summarize the fair value of our derivative financial instruments utilized by Horizon on a gross basis for the periods indicated.
Asset DerivativesLiability Derivatives
June 30, 2025June 30, 2025
Notional
Amount		Fair
Value		Notional
Amount		Fair
Value
Derivatives not designated as hedging instruments
Interest rate contracts -customer accommodation$510,567 $16,637 $510,567 $16,637 
Mortgage loan contracts— — 21,062 119 
Commitments to originate mortgage loans20,984 645 — — 
Total derivatives not designated as hedging instruments531,551 17,282 531,629 16,756 
Total derivatives subject to enforceable master netting arrangements, gross$531,551 $17,282 $531,629 $16,756 
Less: Gross amounts offset— — — — 
Total derivatives subject to enforceable master netting arrangements, net$531,551 $17,282 $531,629 $16,756 
Asset DerivativesLiability Derivatives
December 31, 2024December 31, 2024
Notional
Amount
Fair
Value
Notional
Amount
Fair
Value
Derivatives not designated as hedging instruments
Interest rate contracts - customer accommodation$521,520 $28,817 $521,520 $28,817 
Mortgage loan contracts6,155 27 — — 
Commitments to originate mortgage loans6,856 202 — — 
Total derivatives not designated as hedging instruments534,531 29,046 521,520 28,817 
Total derivatives subject to enforceable master netting arrangements, gross$534,531 $29,046 $521,520 $28,817 
Less: Gross amounts offset— — — — 
Total derivatives subject to enforceable master netting arrangements, net$534,531 $29,046 $521,520 $28,817 
Schedule of Effect of the Derivative Designated as a Hedging Instrument on the Consolidated Statements of Income Derivative in Fair Value Hedging Relationship
The effect of the derivative and the hedged item in fair value hedging relationships on the condensed consolidated statements of income for three and six month periods ended June 30, 2025 and June 30, 2024 is as follows:
Location of gain
(loss)
recognized on derivative and Hedge item
Amount of Gain (Loss) Recognized on Derivative and Hedged Item
Three Months Ended
Six Months Ended
June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Derivatives designated as hedging instruments
Interest rate contracts - fair value hedgeInterest income - loans receivable$— $330 $— $665 
Hedged item— (330)— (665)
Interest rate contracts - fair value hedgeInterest income - investment securities— 24 — 96 
Hedged item— (24)— (96)
Total$— $— $— $— 
The effect of derivatives not designated as hedging instruments on the condensed consolidated statements of income for the three and six month periods ended June 30, 2025 and June 30, 2024 is as follows:
Location of gain
(loss)
recognized on derivative
Amount of Gain (Loss) Recognized on Derivative
Three Months Ended
Six Months Ended
June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Derivative not designated as hedging relationship
Mortgage loan contractsNon-interest income-Gain on sale of loans$(66)$15 $443 $(39)
Commitments to originate mortgage loansNon-interest income-Gain on sale of loans(101)(49)(146)(76)
Total$(167)$(34)$297 $(115)