Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2018

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, 2018			March 31, 2018
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Interest rate contracts	Loans	$	—	Other liabilities	$	3,579
Interest rate contracts	Other Assets		3,579	Other liabilities		969
Total derivatives desginated as hedging instruments			3,579			4,548
Derivatives not designated as hedging instruments
Mortgage loan contracts	Other assets		257	Other liabilities		4
Total derivatives not designated as hedging instruments			257			4
Total derivatives		$	3,836		$	4,552
	Asset Derivatives			Liability Derivatives
	December 31, 2017			December 31, 2017
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Interest rate contracts	Loans	$	—	Other liabilities	$	811
Interest rate contracts	Other Assets		811	Other liabilities		1,728
Total derivatives desginated as hedging instruments			811			2,539
Derivatives not designated as hedging instruments
Mortgage loan contracts	Other assets		143	Other liabilities		3
Total derivatives not designated as hedging instruments			143			3
Total derivatives		$	954		$	2,542

Effect of Derivative Instruments on Condensed Consolidated Statements of Income Derivative in Cash Flow Hedging Relationship

The effect of the derivative instruments on the condensed consolidated statements of income for the three-month periods ending March 31 is as follows:

	Amount of Loss Recognized in Other Comprehensive Income on Derivative (Effective Portion)
	Three Months Ended
	March 31, 2018		March 31, 2017
Derivatives in cash flow hedging relationship
Interest rate contracts	$	358	$	260

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

	Location of gain (loss) recognized on	Amount of Gain (Loss) Recognized on Derivative Three Months Ended
	derivative	March 31, 2018			March 31, 2017
Derivative in fair value hedging relationship
Interest rate contracts	Interest income - loans	$	2,768		$	253
Interest rate contracts	Interest income - loans		(2,768	)		(253	)
Total		$	—		$	—
	Location of gain (loss) recognized on	Amount of Gain (Loss) Recognized on Derivative Three Months Ended
	derivative	March 31, 2018			March 31, 2017
Derivative not designated as hedging relationship
Mortgage contracts	Other income - gain on sale of loans	$	112		$	(59	)