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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 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
September 30, 2025September 30, 2025
Notional
Amount		Fair
Value		Notional
Amount		Fair
Value
Derivatives designated as hedging instruments
  Interest rate contracts – fair value hedges$— $— $124,093 $530 
      Total derivatives designated as hedging instruments— — 124,093 530 
Derivatives not designated as hedging instruments
Interest rate contracts -customer accommodation$462,008 $13,973 $462,008 $13,973 
Mortgage loan contracts— — 21,246 18 
Commitments to originate mortgage loans10,992 314 — — 
Total derivatives not designated as hedging instruments473,000 14,287 483,254 13,991 
Total derivatives subject to enforceable master netting arrangements, gross$473,000 $14,287 $483,254 $13,991 
Less: Gross amounts offset— — — — 
Total derivatives subject to enforceable master netting arrangements, net$473,000 $14,287 $483,254 $13,991 

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 $28,817 
Schedule of Effect of the Derivative Designated as a Hedging Instrument on the Consolidated Statements of Income Derivative in Fair Value Hedging Relationship
The effect of the derivative and the hedged item in fair value hedging relationships on the condensed consolidated statements of income for three and nine month periods ended September 30, 2025 and September 30, 2024 is as follows:
Location of gain
(loss)
recognized on derivative and Hedge item
Amount of Gain (Loss) Recognized on Derivative and Hedged Item
Three Months Ended
Nine Months Ended
September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Derivatives designated as hedging instruments
Interest rate contracts - fair value hedgeInterest income - loans receivable$— $317 $— $982 
Hedged item— (317)— (982)
Interest rate contracts - fair value hedgeInterest income - investment securities18 — 18 — 
Hedged item72 — 72 — 
Total$90 $— $90 $— 
The effect of derivatives not designated as hedging instruments on the condensed consolidated statements of income for the three and nine month periods ended September 30, 2025 and September 30, 2024 is as follows:
Location of gain
(loss)
recognized on derivative
Amount of Gain (Loss) Recognized on Derivative
Three Months Ended
Nine Months Ended
September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Derivative not designated as hedging relationship
Mortgage loan contractsNon-interest income-Gain on sale of loans$(331)$(24)$112 $34 
Commitments to originate mortgage loansNon-interest income-Gain on sale of loans101 378 (45)181 
Total$(230)$354 $67 $215 
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The following tables summarize the carrying amount and associated cumulative basis adjustment related to the application of hedge accounting that is included in the carrying amount of hedged assets and liabilities in fair value hedging relationships.

Amortized Cost of Hedged ItemsCumulative Hedge Accounting Basis Adjustments
September 30, 2025December 31, 2024September 30, 2025December 31, 2024
Available-for-Sale Debt Securities$125,367 $— $530 $—