Horizon Bancorp (HBNC) 10-K 15 Mar 23 2022 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Mar. 13, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	000-10792
Entity Registrant Name	Horizon Bancorp, Inc.
Entity Incorporation, State or Country Code	IN
Entity Tax Identification Number	35-1562417
Entity Address, Address Line One	515 Franklin Street
Entity Address, City or Town	Michigan City
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	46360
City Area Code	219
Local Phone Number	879-0211
Title of 12(b) Security	Common stock, no par value
Trading Symbol	HBNC
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 733.3
Entity Common Stock, Shares Outstanding		43,577,689
Documents Incorporated by Reference	Documents Incorporated by Reference Document Part of Form 10–K into which portion of document is incorporated Portions of the Registrant’s Proxy Statement to be filed for its May 4, 2023 annual meeting of shareholders Part III
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Central Index Key	0000706129

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Audit Information [Abstract]
Auditor Name	FORVIS, LLP (Formerly, BKD, LLP)
Auditor Location	Indianapolis, Indiana
Auditor Firm ID	686

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 123,505	$ 593,508
Interest-earning time deposits	2,812	4,782
Investment securities, available for sale	997,558	1,160,812
Investment securities, held to maturity (fair value of $1,681,309 and $1,559,991)	2,022,748	1,552,443
Loans held for sale	5,807	12,579
Loans (excluding loan level hedges), net	4,107,534	3,604,248
Premises and equipment, net	92,677	93,441
Federal Home Loan Bank stock	26,677	24,440
Goodwill	155,211	154,572
Other intangible assets	17,239	20,941
Interest receivable	35,294	26,137
Cash value of life insurance	146,175	97,150
Other assets	139,281	66,836
Total assets	7,872,518	7,411,889
Deposits
Non–interest bearing	1,277,768	1,360,338
Interest bearing	4,580,006	4,442,653
Total deposits	5,857,774	5,802,991
Borrowings	1,142,949	712,739
Subordinated notes	58,896	58,750
Junior subordinated debentures issued to capital trusts	57,027	56,785
Interest payable	5,380	2,235
Other liabilities	73,117	55,180
Total liabilities	7,195,143	6,688,680
Commitments and contingent liabilities
Stockholders’ Equity
Preferred stock, Authorized, 1,000,000 shares, Issued 0 shares	0	0
Common stock, no par value, Authorized 99,000,000 shares Issued 0 and 43,905,631 shares, Outstanding 0 and 43,880,562 shares	0	0
Additional paid-in capital	354,188	352,122
Retained earnings	429,385	363,742
Accumulated other comprehensive income (loss)	(106,198)	7,345
Total stockholders’ equity	677,375	723,209
Total liabilities and stockholders’ equity	$ 7,872,518	$ 7,411,889

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Investment securities, held to maturity fair value	$ 1,681,309	$ 1,559,991
Allowance for credit loss	$ 50,464	$ 54,286
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Common stock, shares authorized	99,000,000	99,000,000
Common stock, shares issued	43,937,889	43,811,421
Common stock, shares outstanding	43,937,889	43,811,421

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest Income
Loans receivable	$ 173,500	$ 155,732	$ 174,262
Investment securities – taxable	33,202	14,437	8,071
Investment securities – tax exempt	29,025	23,246	17,213
Other	306	695	422
Total interest income	236,033	194,110	199,968
Interest Expense
Deposits	17,809	7,867	18,556
Borrowed funds	12,465	4,701	11,430
Subordinated notes	3,522	3,522	1,824
Junior subordinated debentures issued to capital trusts	2,719	2,215	2,628
Total interest expense	36,515	18,305	34,438
Net Interest Income	199,518	175,805	165,530
Credit loss expense (recovery)	(1,816)	(2,084)	20,751
Net Interest Income after Credit Loss Expense (Recovery)	201,334	177,889	144,779
Non–interest Income
Service charges on deposit accounts	11,598	9,192	8,848
Wire transfer fees	595	892	1,000
Interchange fees	12,402	10,901	9,306
Fiduciary activities	5,381	7,419	9,145
Gains (losses) on sale of investment securities	0	914	4,297
Gain on sale of mortgage loans	7,165	19,163	26,721
Mortgage servicing income net of impairment	4,800	2,352	(3,716)
Increase in cash value of bank owned life insurance	2,594	2,094	2,243
Death benefit on bank owned life insurance	644	783	264
Other income	2,272	4,242	1,513
Total non–interest income	47,451	57,952	59,621
Non–interest Expense
Salaries and employee benefits	80,283	74,051	71,082
Net occupancy expenses	13,323	12,541	12,811
Data processing	10,567	9,962	9,200
Professional fees	1,843	2,216	2,433
Outside services and consultants	10,850	8,449	7,318
Loan expense	5,411	5,492	5,218
FDIC insurance expense	2,558	2,377	1,855
Core deposit intangible amortization	3,702	3,644	3,723
Other losses	1,046	2,283	1,162
Other expense	13,618	12,379	11,229
Total non–interest expense	143,201	133,394	126,031
Income Before Income Taxes	105,584	102,447	78,369
Income tax expense	12,176	15,356	9,870
Net Income Available to Common Shareholders	$ 93,408	$ 87,091	$ 68,499
Basic Earnings Per Share (in USD per share)	$ 2.14	$ 1.99	$ 1.56
Diluted Earnings Per Share (in USD per share)	$ 2.14	$ 1.98	$ 1.55

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net Income	$ 93,408	$ 87,091	$ 68,499
Change in fair value of derivative instruments:
Change in fair value of derivative instruments for the period	5,649	4,570	(3,803)
Income tax effect	(1,186)	(960)	799
Changes from derivative instruments	4,463	3,610	(3,004)
Change in securities:
Unrealized gain (loss) for the period on available for sale securities	(147,345)	(35,547)	35,272
Reclassification of securities from available for sale to held to maturity	(794)	5,869	0
Accretion (amortization) from transfer of securities from available for sale to held to maturity securities	(1,236)	66	(58)
Reclassification adjustment for securities (gains) losses realized in income	0	(914)	(4,297)
Income tax effect	31,369	6,409	(6,493)
Unrealized gains (losses) on securities	(118,006)	(24,117)	24,424
Other Comprehensive Income (Loss), Net of Tax	(113,543)	(20,507)	21,420
Comprehensive Income (Loss)	$ (20,135)	$ 66,584	$ 89,919

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Adjustment	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained Earnings Adjustment	Accumulated Other Comprehensive Income (Loss)
Beginning Balances at Dec. 31, 2019	$ 656,023		$ 0	$ 0	$ 379,853	$ 269,738		$ 6,432
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	68,499					68,499
Other comprehensive income (loss), net of tax	21,420							21,420
Amortization of unearned compensation	1,206				1,206
Exercise of stock options	157				157
Stock option expense	132				132
Stock issued stock plans	1,233				1,233
Repurchase of outstanding stock	(19,636)				(19,636)
Cash dividends on common stock	(21,183)					(21,183)
Ending Balances at Dec. 31, 2020	692,216	$ (15,635)	0	0	362,945	301,419	$ (15,635)	27,852
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	87,091					87,091
Other comprehensive income (loss), net of tax	(20,507)							(20,507)
Amortization of unearned compensation	1,751				1,751
Exercise of stock options	1,062				1,062
Stock option expense	68				68
Stock awards vested	(1,355)				(1,355)
Repurchase of outstanding stock	(7,607)				(7,607)
Stock retirement plans	(4,742)				(4,742)
Cash dividends on common stock	(24,768)					(24,768)
Ending Balances at Dec. 31, 2021	723,209		0	0	352,122	363,742		7,345
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	93,408					93,408
Other comprehensive income (loss), net of tax	(113,543)							(113,543)
Amortization of unearned compensation	2,462				2,462
Exercise of stock options	145				145
Stock option expense	13				13
Net settlement of share awards	(1,824)				(1,824)
Stock retirement plans	1,270				1,270
Cash dividends on common stock	(27,765)					(27,765)
Ending Balances at Dec. 31, 2022	$ 677,375		$ 0	$ 0	$ 354,188	$ 429,385		$ (106,198)

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Stockholders' Equity [Abstract]
Cash dividends on common stock, per share	$ 0.63	$ 0.56	$ 0.48

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating Activities
Net income	$ 93,408	$ 87,091	$ 68,499
Items not requiring (providing) cash
Provision for (recovery of) credit losses	(1,816)	(2,084)	20,751
Depreciation and amortization	10,754	9,802	9,399
Share based compensation	2,475	1,819	1,338
Amortization of mortgage servicing rights	2,345	4,073	2,932
Impairment (recovery) of mortgage servicing rights	(2,594)	(2,578)	4,453
Premium amortization on securities, net	12,148	10,289	9,067
Deferred income taxes	2,177	2,311	(9,421)
Gain on sale of investment securities	0	(914)	(4,297)
Gain on sale of mortgage loans	(7,165)	(19,163)	(26,721)
Proceeds from sales of loans	225,928	453,087	605,256
Loans originated for sale	(215,174)	(437,174)	(593,515)
Gain on cash value life insurance	(2,594)	(2,094)	(2,243)
Gain on other real estate owned	(722)	(85)	(197)
Net change in:
Interest receivable	(9,157)	(4,222)	(2,568)
Interest payable	3,145	(493)	(350)
Other assets	(13,964)	9,633	(4,456)
Other liabilities	(4,814)	(2,948)	931
Net cash provided by operating activities	94,380	106,350	78,858
Investing Activities
Purchases of securities available for sale	(180,198)	(837,684)	(590,305)
Proceeds from sales, maturities, calls and principal repayments of securities available for sale	69,113	287,714	318,897
Purchases of securities held to maturity	(430,457)	(931,029)	0
Proceeds from maturities of securities held to maturity	72,968	30,544	37,529
Net change in interest earning time deposits	1,970	4,183	(510)
Purchase of FHLB stock	(2,435)	(1,417)	(1,161)
Redemption of FHLB stock	198	0	585
Purchase of loans	(55,195)	0	0
Net change in loans	(448,284)	480,028	(239,938)
Proceeds on the sale of OREO and repossessed assets	5,263	1,286	2,047
Premises and equipment expenditures	(6,429)	(1,440)	(5,866)
Purchases of bank owned life insurance	(50,000)	0	0
Proceeds from bank owned life insurance	3,554	783	264
Net cash received in branch acquisition	0	622,179	0
Net cash used in investing activities	(1,019,932)	(344,853)	(478,458)
Financing Activities
Net change in deposits	54,783	425,449	600,131
Proceeds from long–term borrowings	675,000	244,554	133,810
Repayment of long–term borrowings	(755,608)	(76,371)	(123,377)
Net change in short–term borrowings	503,746	0
Net change in short–term borrowings			(98,000)
Net change in repurchase agreements	7,072	21,336	18,521
Net settlement of share awards	(1,824)	(1,355)	0
Exercise of stock options	145	1,062	157
Repurchase of outstanding stock	0	(7,607)	(19,636)
Proceeds from issuance of stock	0	0	1,233
Net proceeds from issuance of subordinated notes	0	0	58,824
Dividends paid on common stock	(27,765)	(24,768)	(21,183)
Net cash provided by (used in) financing activities	455,549	582,300	550,480
Net Change in Cash and Cash Equivalents	(470,003)	343,797	150,880
Cash and Cash Equivalents, Beginning of Period	593,508	249,711	98,831
Cash and Cash Equivalents, End of Period	$ 123,505	$ 593,508	$ 249,711

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Additional Supplemental Information
Interest paid	$ 33,370	$ 18,782	$ 34,788
Income taxes paid	802	1,650	10,588
Transfer of loans to other real estate and repossessed assets	2,009	1,721	2,442
Transfer of premises to other real estate	1,479	1,753	0
Transfer of available for sale securities to held to maturity securities	$ 120,881	$ 490,200	$ 0

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Summary of Significant Accounting Policies	Nature of Operations and Summary of Significant Accounting Policies Nature of Business — The consolidated financial statements of Horizon Bancorp, Inc. (“Horizon”) and its wholly owned subsidiaries, Horizon Bank (“Bank”) and Horizon Risk Management, Inc., together referred to as “Horizon,” conform to accounting principles generally accepted in the United States of America and reporting practices followed by the banking industry. Horizon Risk Management, Inc. is a captive insurance company incorporated in Nevada and was formed as a wholly owned subsidiary of Horizon. The Bank is a full–service commercial bank offering a broad range of commercial and retail banking and other services incident to banking along with a trust department that offers corporate and individual trust and agency services and investment management services. The Bank maintains 71 full service offices. The Bank has wholly owned direct and indirect subsidiaries: Horizon Investments, Inc. (“Horizon Investments”), Horizon Properties, Inc. (“Horizon Properties”), Horizon Insurance Services, Inc. (“Horizon Insurance”) and Horizon Grantor Trust. Horizon Investments manages the investment portfolio of the Bank. Horizon Properties manages the real estate investment trust. Horizon Insurance is used by the Company’s Wealth Management to sell certain insurance products. Horizon Grantor Trust holds title to certain company owned life insurance policies. Horizon conducts no business except that incident to its ownership of the subsidiaries. Horizon formed Horizon Bancorp Capital Trust II in 2004 (“Trust II”) and Horizon Bancorp Capital Trust III in 2006 (“Trust III”) for the purpose of participating in pooled trust preferred securities offerings. The Company assumed additional debentures as the result of the following acquisitions: Alliance Financial Corporation in 2005, which formed Alliance Financial Statutory Trust I (“Alliance Trust”); American Trust & Savings Bank in 2010, which formed Am Tru Statutory Trust I (“Am Tru Trust”); Heartland Bancshares, Inc. in 2013, which formed Heartland (IN) Statutory Trust II (“Heartland Trust”); LaPorte Bancorp, Inc. in 2016, which had acquired City Savings Statutory Trust I (“City Savings Trust”); and Salin Bancshares, Inc. in 2019, which formed Salin Statutory Trust I (“Salin Trust”). See Note 15 of the Consolidated Financial Statements for further discussion regarding these previously consolidated entities that are now reported separately. The business of Horizon is not seasonal to any material degree. Basis of Reporting — The consolidated financial statements include the accounts of Horizon and subsidiaries. All material inter-company accounts and transactions have been eliminated in consolidation. Use of Estimates — The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Estimates that are particularly susceptible to significant change relate to the determination of the allowance for credit losses, valuation of other real estate owned, goodwill and intangible assets, mortgage servicing rights and fair values of financial instruments. Business Combinations — Business combinations are accounted for using the acquisition method of accounting. The accounts of an acquired entity are included as of the date of acquisition, and any excess of purchase price over the fair value of the net assets acquired is capitalized as goodwill. Horizon typically issues Common Stock and/or pays cash for an acquisition, depending on the terms of the acquisition agreement. The value of Common Stock issued is determined based on the market price of the stock as of the closing of the acquisition. Acquisition costs are expensed when incurred. Cash and Cash Equivalents — Cash and cash equivalents includes cash, deposits with other financial institutions with original maturities under 90 days, and federal funds sold. Fair Value Measurements — Horizon uses fair value measurements to record fair value adjustments, to certain assets, and liabilities and to determine fair value disclosures. Horizon has adopted Accounting Standards Codification (ASC) 820, Fair Value Measurements and Disclosures for all applicable financial and nonfinancial assets and liabilities. This accounting guidance defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. This guidance applies only when other guidance requires or permits assets or liabilities to be measured at fair value; it does not expand the use of fair value in any new circumstances. As defined in codification, fair value is the price to sell an asset or transfer a liability in an orderly transaction between market participants. It represents an exit price at the measurement date. Market participants are buyers and sellers, who are independent, knowledgeable, and willing and able to transact in the principal (or most advantageous) market for the asset or liability being measured. Current market conditions, including imbalances between supply and demand, are considered in determining fair value. Horizon values its assets and liabilities in the principal market where it sells the particular asset or transfers the liability with the greatest volume and level of activity. In the absence of a principal market, the valuation is based on the most advantageous market for the asset or liability (i.e., the market where the asset could be sold or the liability transferred at a price that maximizes the amount to be received for the asset or minimizes the amount to be paid to transfer the liability). In measuring the fair value of an asset, Horizon assumes the highest and best use of the asset by a market participant to maximize the value of the asset, and does not consider the intended use of the asset. When measuring the fair value of a liability, Horizon assumes that the nonperformance risk associated with the liability is the same before and after the transfer. Nonperformance risk is the risk that an obligation will not be satisfied and encompasses not only Horizon’s own credit risk (i.e., the risk that Horizon will fail to meet its obligation), but also other risks such as settlement risk. Horizon considers the effect of its own credit risk on the fair value for any period in which fair value is measured. There are three acceptable valuation techniques that can be used to measure fair value: the market approach, the income approach and the cost approach. Selection of the appropriate technique for valuing a particular asset or liability takes into consideration the exit market, the nature of the asset or liability being valued, and how a market participant would value the same asset or liability. Ultimately, determination of the appropriate valuation method requires significant judgment, and sufficient knowledge and expertise are required to apply the valuation techniques. Valuation inputs refer to the assumptions market participants would use in pricing a given asset or liability using one of the three valuation techniques. Inputs can be observable or unobservable. Observable inputs are those assumptions which market participants would use in pricing the particular asset or liability. These inputs are based on market data and are obtained from a source independent of Horizon. Unobservable inputs are assumptions based on Horizon’s own information or estimate of assumptions used by market participants in pricing the asset or liability. Unobservable inputs are based on the best and most current information available on the measurement date. All inputs, whether observable or unobservable, are ranked in accordance with a prescribed fair value hierarchy which gives the highest ranking to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest ranking to unobservable inputs (Level 3). Fair values for assets or liabilities classified as Level 2 are based on one or a combination of the following factors: (i) quoted prices for similar assets; (ii) observable inputs for the asset or liability, such as interest rates or yield curves; or (iii) inputs derived principally from or corroborated by observable market data. The level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The Company considers an input to be significant if it drives 10% or more of the total fair value of a particular asset or liability. Assets and liabilities are considered to be fair valued on a recurring basis if fair value is measured regularly (i.e., daily, weekly, monthly or quarterly). Recurring valuation occurs at a minimum on the measurement date. Assets and liabilities are considered to be fair valued on a nonrecurring basis if the fair value measurement of the instrument does not necessarily result in a change in the amount recorded on the balance sheet. Generally, nonrecurring valuation is the result of the application of other accounting pronouncements which require assets or liabilities to be assessed for impairment or recorded at the lower of cost or fair value. The fair value of assets or liabilities transferred in or out of Level 3 is measured on the transfer date, with any additional changes in fair value subsequent to the transfer considered to be realized or unrealized gains or losses. Investment Securities Available for Sale — Horizon designates the majority of its investment portfolio as available for sale based on management’s plans to use such securities for asset and liability management, liquidity and not to hold such securities as long-term investments. Management repositions the portfolio to take advantage of future expected interest rate trends when Horizon’s long-term profitability can be enhanced. Investment securities available for sale and marketable equity securities are carried at estimated fair value and any net unrealized gains/losses (after tax) on these securities are included in accumulated other comprehensive income. Amortization of premiums and accretion of discounts are recorded as interest income from securities. Gains/losses on the disposition of securities available for sale are recognized at the time of the transaction and are determined by the specific identification method. Investment Securities Held to Maturity — Includes any security for which Horizon has the positive intent and ability to hold until maturity. These securities are carried at amortized cost. Loans — Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost. Amortized cost is the principal balance outstanding, net of purchase premiums and discounts, deferred loan fees and costs. Accrued interest receivable totaling $17.5 million and $11.5 million at December 31, 2022 and 2021 was excluded from the Allowance for Credit Losses (“ACL”) calculation and was reported in accrued interest receivable on the consolidated balance sheet. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the effective yield method without anticipating prepayments. Interest on commercial, mortgage and installment loans is recognized over the term of the loans based on the principal amount outstanding. When principal or interest is past due 90 days or more, and the loan is not well secured or in the process of collection, or when serious doubt exists as to the collectability of a loan, the accrual of interest is discontinued. Loan origination fees, net of direct loan origination costs, are deferred and recognized over the life of the loan as a yield adjustment. Discounts and premiums on purchased loans are amortized to income using the interest method over the remaining period to contractual maturity, adjusted for anticipated prepayments. From time to time, the Bank obtains information that may lead management to believe that the collection of payments may be doubtful on a particular loan. In recognition of this, it is management's policy to convert the loan from an “earning asset” to a non–accruing loan. The entire balance of a loan is considered delinquent if the minimum payment contractually required to be made is not received by the specified due date. Further, it is management's policy to generally place a loan on non–accrual status when the payment is delinquent in excess of 90 days or the loan has had the accrual of interest discontinued by management. The officer responsible for the loan and the Chief Commercial Banking and/or the Chief Operations Officer must review all loans placed on non–accrual status. Subsequent payments on non–accrual loans are recorded as a reduction of principal, and interest income is recorded only after principal recovery is reasonably assured. Non–accrual loans are returned to accrual status when, in the opinion of management, the financial position of the borrower indicates there is no longer any reasonable doubt as to the timely collection of interest or principal in accordance with the loan terms. The Company requires a period of satisfactory performance of not less than six months before returning a non–accrual loan to accrual status. Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals and modifications unless either of the following applies: management has a reasonable expectation at the reporting date that a troubled debt restructuring will be executed with an individual borrower or the extension or renewal options are included in the original or modified contract at the reporting date and are not unconditionally cancellable by the Company. Consistent with regulatory guidance, charge–offs on all loan segments are taken when specific loans, or portions thereof, are considered uncollectible. The Company's policy is to promptly charge these loans off in the period the uncollectible loss is reasonably determined. For all loan portfolio segments except 1–4 family residential properties and consumer, the Company promptly charges off loans, or portions thereof, when available information confirms that specific loans are uncollectible based on information that includes, but is not limited to, (1) the deteriorating financial condition of the borrower, (2) declining collateral values, and/or (3) legal action, including bankruptcy, that impairs the borrower's ability to adequately meet its obligations. For impaired loans that are considered to be solely collateral dependent, a partial charge–off is recorded when a loss has been confirmed by an updated appraisal or other appropriate valuation of the collateral. The Company charges off 1–4 family residential and consumer loans, or portions thereof, when the Company reasonably determines the amount of the loss. The Company adheres to timeframes established by applicable regulatory guidance which provides for the charge–down or specific allocation of family first and junior lien mortgages to the net realizable value less costs to sell when the value is known but no later than when a loan is 180 days past due. Pursuant to such guidelines, the Company also charges off unsecured open–end loans when the loan is contractually 90 days past due. Loans at these respective delinquency thresholds for which the Company can clearly document that the loan is both well–secured and in the process of collection, such that collection in full will occur regardless of delinquency status, are not charged off. A loan is individually evaluated when, based on current information, a creditor may be experiencing financial difficulty and repayment is substantially expected through operation or sale of collateral. For collateral–dependent assets individually evaluated, the Company utilizes, as a practical expedient, the fair value of collateral, adjusted for estimated costs to sell, when determining the allowance for credit losses. Smaller–balance, homogeneous loans are evaluated in total. Such loans include residential first mortgage loans secured by 1–4 family residences, residential construction loans, automobile, home equity, second mortgage loans and mortgage warehouse loans. Commercial loans and mortgage loans secured by other properties are evaluated individually. Purchased Credit Deteriorated (“PCD”) Loans — The Company has purchased loans, some of which have experienced credit deterioration since origination. PCD loans are recorded at the amount paid. An ACL on loans is determined using the same methodology as other loans held for investment. The initial ACL on loans determined on a collective basis is allocated to individual loans. The sum of the loan’s purchase price and ACL on loans becomes its initial amortized cost basis. The difference between the initial amortized cost basis and the par value of the loan is a noncredit discount or premium, which is amortized or accreted into interest income over the remaining life of the loan. Subsequent changes to the ACL on loans are recorded through credit loss expense. Loans Held for Sale — Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to non–interest income. Gains and losses on loan sales are recorded in non–interest income, and direct loan origination costs and fees are deferred at origination of the loan and are recognized in non–interest income upon sale of the loan. Concentrations of Credit Risk — The Bank grants commercial, real estate, and consumer loans to customers located primarily in the northern and central regions of Indiana and the southern and central regions of Michigan and provides mortgage warehouse lines to mortgage companies in the United States. Commercial loans make up approximately 59% of the loan portfolio and are secured by both real estate and business assets. These loans are expected to be repaid from cash flows from operations of the businesses. The Bank does not have a concentration in speculative commercial real estate loans. Residential real estate loans make up approximately 16% of the loan portfolio and are secured by residential real estate. Installment loans make up approximately 23% of the loan portfolio and are primarily secured by consumer assets. Mortgage warehouse loans make up approximately 2% of the loan portfolio and are secured by residential real estate. Allowance for Credit Losses (“ACL”) on Loans — The ACL on loans is a valuation account that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the ACL when management believes the loan balance is confirmed to be no longer collectible. Expected recoveries do not exceed the aggregate of amounts previously charged off and expected to be charged off. Management estimates the ACL balance using relevant information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are made for differences in current loan–specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency level, or term as well as for changes in environmental conditions, changes in economic conditions, or other relevant factors. The Company considers the following when estimating credit losses: 1) available information relevant to assessing the collectibility of cash flows including internal information, external information or a combination of both relating to past events, current conditions and reasonable and supportable forecasts; 2) relevant qualitative and quantitative factors relating to the environment in which the Company operates and factors specific to the borrower; 3) off–balance sheet credit exposures; and credit support. ACL on loans is measured on a collective basis and reflects impairment in groups of loans aggregated on the basis of similar risk characteristics which may include any one or a combination of the following: internal credit ratings, risk ratings or classification, financial asset type, collateral type, size, industry of the borrower, historical or expected credit loss patterns, and reasonable and supportable forecast periods. The ACL for a specific portfolio segment is computed by multiplying the loss rate by the amortized cost balance of the segment with adjustments for other qualitative factors as described above. As appropriate, newer credit products or portfolios with limited historical loss may use applicable external data for determining the ACL until experience justifies that sufficient product maturity supports the estimate of expected credit losses. Pursuant to ASC 326–20–30–9, an entity shall not rely solely on past events to estimate expected credit losses, and should consider adjustments to historical information to reflect the extent to which management expects current conditions and forecasted conditions to differ from the periods utilized for the historical loss rate calculation. Management has incorporated an adjustment of the historical loss rate calculated within the model to reflect current and forecasted condition and has applied this adjustment on a qualitative factor basis to the aggregate pool loss rate. The qualitative adjustment is based on a combination of external econometric data and internal factors such as portfolio composition, changes in management, changes in loan policy and other factors. The economic forecast is based in part on economic indexes and quantitative matrices with a six to twelve month forecast. The qualitative adjustment is calculated based on current and forecasted conditions and evaluated each quarter by management, and therefore is dynamic in nature. As a result of the forecast being applied as a qualitative factor and adjusted quarterly, no reversion to the historical loss rate is necessary, as the historical base loss rate is preserved in the calculation of “all in” loss rate. Specific reserves reflect collateral shortfalls on loans identified for evaluation or individually considered non–performing, including troubled debt restructurings and receivables where the Company has determined foreclosure is probable. These loans no longer have similar risk characteristics to collectively evaluated loans due to changes in credit risk, borrower circumstances, recognition of write–offs, or cash collections that have been fully applied to principal on the basis of non–accrual policies. At a minimum, the population of loans subject to individual evaluation include individual loans and leases where it is probable we will be unable to collect all amounts due, according to the original contractual terms. These include commercial impaired loans, jumbo residential mortgages (as defined), and jumbo home equity loans with a balance exceeding $250,000, and other loans as determined by management. ACL for residential and consumer loans are, primarily, determined by pools of similar loans and are evaluated on a quarterly basis. Loans that do not share risk characteristics are evaluated on an individual basis. Loans evaluated individually are not also included in the collective evaluation. When management determines that foreclosure is probable, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. Troubled Debt Restructurings (“TDR”) — A loan for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, is considered to be a TDR. The ACL on loans on a TDR is measured using the same method as all other loans held for investment, except that the original interest rate is used to discount the expected cash flows, not the rate specified within the restructuring. The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act provides all banks with the option to elect either or both of the following from March 1, 2020 until the earlier of December 31, 2020 or the date that is 60 days after termination of the national emergency. Section 4013 of the CARES Act was amended on December 27, 2020 to extend this relief period until January 1, 2022. Specific applicable provisions of the CARES Act allow: i. suspension of the requirements under Generally Accepted Accounting Principles (“GAAP”) for loan modifications related to the COVID–19 pandemic that would otherwise be categorized as a TDR; and/or ii. suspension of any determination of a loan modified as a result of the effects of the COVID–19 pandemic as being a TDR, including impairment for accounting purposes. If a bank elects a suspension noted above, the suspension (i) will be effective for the term of the loan modification, but solely with respect to any modification, including a forbearance arrangement, an interest rate modification, a repayment plan, and any other similar arrangement that defers or delays the payment of principal or interest, that occurs during the applicable period for a loan that was not more than 30 days past due as of December 31, 2019; and (ii) will not apply to any adverse impact on the credit of a borrower that is not related to the COVID–19 pandemic. Allowance for Credit Losses on Off–Balance Sheet (“OBS”) Credit Exposures — The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The Company determines the estimated amount of expected credit extensions based on historical usage to calculate the amount of exposure for a loss estimate. Allowance for Credit Losses on Available for Sale Securities — For available for sale debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For debt securities available for sale that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an ACL is recorded in other comprehensive income. Changes in the ACL are recorded as provision for, or reversal of, credit loss expense. Losses are charged against the allowance when management believes the uncollectibility of an available for sale security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Allowance for Credit Losses on Held to Maturity Securities — For held to maturity securities, the Company conducts an assessment of its held to maturity securities at the time of purchase and on at least an annual basis to ensure such investment securities remain within appropriate levels of risk and continue to perform satisfactorily in fulfilling its obligations. The Company considers, among other factors, the nature of the securities and credit ratings or financial condition of the issuer. If available, the Company obtains a credit rating for issuers from the Nationally Recognized Statistical Rating Organization (“NRSRO”) for consideration. If this assessment indicates that a material credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss. Premises and Equipment — Buildings and major improvements are capitalized and depreciated using primarily the straight-line method with useful lives ranging from 3 to 40 years. Furniture and equipment are capitalized and depreciated using primarily the straight-line method with useful lives ranging from 2 to 20 years. Maintenance and repairs are expensed as incurred while major additions and improvements are capitalized. Gains and losses on disposition are included in current operations. Federal Reserve and Federal Home Loan Bank of Indianapolis (FHLBI) Stock — The stock is a required investment for institutions that are members of the Federal Reserve Bank (“FRB”) and Federal Home Loan Bank (“FHLB”) systems. The required investment in the common stock is based on a predetermined formula. Partnership Investments — The Company invests in partnerships that generate qualified affordable housing and solar tax credits. The Company has elected to account for partnership investments in qualified affordable housing using the proportional amortization method. Under the proportional amortization method, the initial cost of the investment is amortized to income tax expense in proportion to the tax credits and other tax benefits received. This net investment performance is recognized in the income statement as a component of income tax expense. The Company accounts for partnership investments that generate solar tax credits under the deferral method. The investment in the limited partnerships totaling $4.5 million and $2.3 million at December 31, 2022 and 2021, respectively is included in other assets in the consolidated balance sheets. Mortgage Servicing Rights —Mortgage servicing assets are recognized separately when rights are acquired through purchase or through sale of financial assets. Under the servicing assets and liabilities accounting guidance (ASC 860-50), servicing rights resulting from the sale or securitization of loans originated by the Company are initially measured at fair value at the date of transfer. Amortized mortgage servicing rights include commercial mortgage servicing rights. Under the amortization method, servicing rights are amortized in proportion to and over the period of estimated net servicing income. The amortized assets are assessed for impairment or increased obligation based on fair value at each reporting date. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. These variables change from quarter to quarter as market conditions and projected interest rates change, and may have an adverse impact on the value of the mortgage servicing right and may result in a reduction to non–interest income. Each class of separately recognized servicing assets subsequently measured using the amortization method are evaluated and measured for impairment. Impairment is determined by stratifying rights into tranches based on predominant characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an indiv

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions Branch Acquisition On September 17, 2021, Horizon Bank completed the purchase and assumption of certain assets and liabilities of 14 former TCF National Bank (“TCF”) branches in 11 Michigan counties. Net cash of $618.2 million was received in the transaction, representing the deposit balances assumed at closing, net of amounts paid for loans of $212.0 million, fixed assets of $6.9 million, cash of $4.0 million and a 1.75% premium on deposits. Customer deposit balances were recorded at $846.4 million and a core deposit intangible of $1.6 million was recorded in the transaction, which will be amortized over 10 years on a straight line basis. Goodwill of $4.0 million was generated in the transaction. Under the acquisition method of accounting, the total purchase price is allocated to net tangible and intangible assets based on their current estimated fair values on the date of the acquisition. Based on preliminary valuations of the fair value of tangible and intangible assets acquired and liabilities assumed, which are based on estimates and assumptions that are subject to change, the purchase price for the TCF branches is detailed in the following table. Prior to the end of the one year measurement period for finalizing the purchase price allocation, if information becomes available which would indicate adjustments are required to the purchase price allocation, such adjustments will be included in the purchase price allocation prospectively. Assets Liabilities Cash and due from banks $ 4,012 Deposits Loans Non–interest bearing $ 181,403 Commercial 101,327 NOW accounts 303,050 Residential mortgage 56,499 Savings and money market 262,488 Consumer 54,212 Certificates of deposit 99,468 Total loans 212,038 Total deposits 846,409 Premises and equipment, net 6,901 Interest payable 16 Goodwill 3,973 Other liabilities 1,278 Core deposit intangible 1,630 Interest receivable 519 Other assets 463 Total assets purchased $ 229,536 Total liabilities assumed $ 847,703 Net cash received $ (618,167) Loans purchased with evidence of credit deterioration since origination and for which it is probable that all contractually required payments will not be collected are considered to be credit impaired. Evidence of credit quality deterioration as of the purchase date may include information such as past due and non–accrual status, borrower credit scores and recent loan–to–value percentages. Loans purchased with evidence of credit–related deterioration were recorded at fair value, reflecting the present value of the amounts expected to be collected. Income recognition of these loans is based on reasonable expectation about the timing and amount of cash flows to be collected.

Cash Equivalents

Cash Equivalents	12 Months Ended
	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
Cash Equivalents	Cash Equivalents The Company considers all liquid investments with original maturities of three months or less to be cash equivalents. At December 31, 2022 and 2021, cash equivalents consisted primarily of money market accounts with brokers and certificates of deposit. At December 31, 2022, the Company’s cash accounts exceeded federally insured limits by approximately $25.7 million. Approximately $4.4 million of this amount was held by either the Federal Reserve Bank or the Federal Home Loan Bank of Indianapolis, which is not federally insured.

Securities

Securities	12 Months Ended
	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Securities	Securities The fair value of securities is as follows: December 31, 2022 Amortized Gross Gross Fair Available for sale U.S. Treasury and federal agencies $ 294,329 — $ (27,150) $ 267,179 State and municipal 505,006 140 (71,602) 433,544 Federal agency collateralized mortgage obligations 33,011 — (1,796) 31,215 Federal agency mortgage–backed pools 220,963 — (30,307) 190,656 Corporate notes 84,393 195 (9,624) 74,964 Total available for sale investment securities $ 1,137,702 $ 335 $ (140,479) $ 997,558 Held to maturity U.S. Treasury and federal agencies $ 295,250 $ — $ (49,237) $ 246,013 State and municipal 1,127,669 374 (192,458) 935,585 Federal agency collateralized mortgage obligations 56,564 — (8,865) 47,699 Federal agency mortgage–backed pools 343,953 — (56,714) 287,239 Private labeled mortgage–backed pools 35,466 — (5,493) 29,973 Corporate notes 163,846 — (29,046) 134,800 Total held to maturity investment securities $ 2,022,748 $ 374 $ (341,813) $ 1,681,309 December 31, 2021 Amortized Gross Gross Fair Available for sale U.S. Treasury and federal agencies $ 118,595 $ 82 $ (1,698) $ 116,979 State and municipal 632,652 12,802 (5,708) 639,746 Federal agency collateralized mortgage obligations 60,600 989 (12) 61,577 Federal agency mortgage–backed pools 257,185 1,914 (1,408) 257,691 Corporate notes 84,579 1,013 (773) 84,819 Total available for sale investment securities $ 1,153,611 $ 16,800 $ (9,599) $ 1,160,812 Held to maturity U.S. Treasury and federal agencies $ 195,429 $ 12 $ (1,215) $ 194,226 State and municipal 862,461 20,719 (4,263) 878,917 Federal agency collateralized mortgage obligations 48,482 3 (1,020) 47,465 Federal agency mortgage–backed pools 247,937 209 (4,010) 244,136 Private labeled mortgage–backed pools 40,447 — (442) 40,005 Corporate notes 157,687 11 (2,456) 155,242 Total held to maturity investment securities $ 1,552,443 $ 20,954 $ (13,406) $ 1,559,991 The Company elected to transfer 793 AFS securities with an aggregate fair value of $120.9 million to a classification of HTM on March 31, 2022. In accordance with FASB ASC 320–10–55–24, the transfer from AFS to HTM must be recorded at the fair value of the AFS securities at the time of transfer. The net unrealized holding loss of $814,000, net of tax, at the date of transfer was retained in accumulated other comprehensive income (loss), with the associated pre–tax amount retained in the carrying value of the HTM securities. Such amounts will be accreted to comprehensive income over the remaining life of the securities. The fair value of the transferred AFS securities became the book value of the HTM securities at March 31, 2022. The Company elected to transfer 475 AFS securities with an aggregate fair value of $490.2 million to a classification of HTM on December 31, 2021. In accordance with FASB ASC 320–10–55–24, the transfer from AFS to HTM must be recorded at the fair value of the AFS securities at the time of transfer. The net unrealized holding gain of $5.9 million, net of tax, at the date of transfer was retained in accumulated other comprehensive income (loss), with the associated pre–tax amount retained in the carrying value of the HTM securities. Such amounts will be amortized to comprehensive income over the remaining life of the securities. The fair value of the transferred AFS securities became the book value of the HTM securities at December 31, 2021. The amortized cost and fair value of securities available for sale and held to maturity at December 31, 2022 and December 31, 2021, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. December 31, 2022 December 31, 2021 Amortized Fair Amortized Fair Available for sale Within one year $ 1,535 $ 1,512 $ 22,980 $ 22,984 One to five years 340,212 312,137 156,677 156,397 Five to ten years 238,045 204,282 315,630 316,125 After ten years 303,936 257,756 340,539 346,038 883,728 775,687 835,826 841,544 Federal agency collateralized mortgage obligations 33,011 31,215 60,600 61,577 Federal agency mortgage–backed pools 220,963 190,656 257,185 257,691 Total available for sale investment securities $ 1,137,702 $ 997,558 $ 1,153,611 $ 1,160,812 Held to maturity Within one year $ 32,610 $ 32,382 $ 5,222 $ 5,265 One to five years 222,443 209,854 65,739 66,982 Five to ten years 324,967 280,618 273,720 275,308 After ten years 1,006,745 793,544 870,896 880,830 1,586,765 1,316,398 1,215,577 1,228,385 Federal agency collateralized mortgage obligations 56,564 47,699 48,482 47,465 Federal agency mortgage–backed pools 343,953 287,239 247,937 244,136 Private labeled mortgage–backed pools 35,466 29,973 40,447 40,005 Total held to maturity investment securities $ 2,022,748 $ 1,681,309 $ 1,552,443 $ 1,559,991 The following table shows the gross unrealized losses and the fair value of the Company’s investments, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position. December 31, 2022 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Investment Securities U.S. Treasury and federal agencies $ 217,357 $ (16,692) $ 295,585 $ (59,695) $ 512,942 $ (76,387) State and municipal 533,871 (45,881) 757,061 (218,179) 1,290,932 (264,060) Federal agency collateralized mortgage obligations 40,301 (2,881) 38,613 (7,780) 78,914 (10,661) Federal agency mortgage–backed pools 49,633 (3,211) 428,243 (83,810) 477,876 (87,021) Private labeled mortgage–backed pools — — 29,973 (5,493) 29,973 (5,493) Corporate notes 38,906 (6,787) 169,921 (31,883) 208,827 (38,670) Total securities $ 880,068 $ (75,452) $ 1,719,396 $ (406,840) $ 2,599,464 $ (482,292) December 31, 2021 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Investment Securities U.S. Treasury and federal agencies $ 268,732 $ (2,483) $ 15,820 $ (430) $ 284,552 $ (2,913) State and municipal 539,882 (9,389) 19,461 (582) 559,343 (9,971) Federal agency collateralized mortgage obligations 56,027 (1,032) — — 56,027 (1,032) Federal agency mortgage–backed pools 406,540 (5,418) — — 406,540 (5,418) Private labeled mortgage–backed pools 40,005 (442) — — 40,005 (442) Corporate notes 189,500 (3,229) — — 189,500 (3,229) Total securities $ 1,500,686 $ (21,993) $ 35,281 $ (1,012) $ 1,535,967 $ (23,005) Certain investments in debt securities are reported in the consolidated financial statements at an amount less than their historical cost. As of December 31, 2022 and 2021, the Company had 2,828 and 1,129 securities, respectively, with market values below their cost basis. The total fair value of these investments at December 31, 2022 and 2021 was $2.6 billion and $1.5 billion, which is approximately 86% and 57%, respectively, of the Company's available for sale and held to maturity securities portfolio. These declines resulted primarily from fluctuations in market interest rates after purchase. Management believes the declines in fair value for these securities are temporary. No allowance for credit losses for available for sale debt securities or held to maturity securities was needed at December 31, 2022 and December 31, 2021. Accrued interest receivable on available for sale debt securities and held to maturity securities totaled $17.8 million and $14.6 million at December 31, 2022 and December 31, 2021, respectively, and is excluded from the estimate of credit losses. The U.S. government sponsored entities and agencies and mortgage–backed securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major credit rating agencies, and have a long history of no credit losses. Therefore, for those securities, we do not record expected credit losses. Information regarding security proceeds, gross gains and gross losses are presented below. Year Ended December 31 2022 2021 2020 Sales of securities available for sale Proceeds $ — $ 27,514 $ 77,213 Gross gains — 914 4,372 Gross losses — — (75) The tax effect of the proceeds from the sale of securities available for sale was $0, $192,000 and $902,000 for the years ended December 31, 2022, 2021 and 2020, respectively. The Company pledges securities to secure retail and corporate repurchase agreements to the Federal Reserve for borrowing availability and as settlements for the fair value of swap agreements. At December 31, 2022, the Company had pledged $160.5 million of fair value or $186.4 million of amortized cost, in securities as collateral for $137.9 million in repurchase agreements, $405.2 million of fair value or $439.2 million of amortized cost, in securities as collateral for borrowing availability at the Federal Reserve with $244.0 million current outstanding borrowings and $24.8 million of fair value or $27.1 million of amortized cost, in securities as collateral for $43.8 million in settlements on the fair value of swap agreements.

Loans

Loans	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Loans	Loans The table below identifies the Company's loan portfolio segments and classes. Portfolio Segment Class of Financing Receivable Commercial Owner occupied real estate Non–owner occupied real estate Residential spec homes Development & spec land Commercial & industrial Real estate Residential mortgage Residential construction Mortgage warehouse Mortgage warehouse Consumer Direct installment Indirect installment Home equity Portfolio segment is defined as a level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses. Class of financing receivable is defined as a group of financing receivables determined on the basis of both of the following, 1) risk characteristics of the financing receivable, and 2) an entity’s method for monitoring and assessing credit risk. Generally, the Bank does not move loans from a revolving loan to a term loan other than construction loans. Construction loans are reviewed and rewritten prior to being originated as a term loan. The following table presents total loans outstanding by portfolio class, as of December 31, 2022 and 2021. December 31, December 31, Commercial Owner occupied real estate $ 594,562 $ 560,887 Non–owner occupied real estate 1,187,077 1,088,470 Residential spec homes 10,838 9,907 Development & spec land 27,358 24,473 Commercial and industrial 647,587 530,208 Total commercial 2,467,422 2,213,945 Real estate Residential mortgage 612,551 563,811 Residential construction 40,741 30,571 Mortgage warehouse 69,529 109,031 Total real estate 722,821 703,413 Consumer Direct installment 56,614 63,714 Indirect installment 500,549 386,492 Home equity 410,592 290,970 Total consumer 967,755 741,176 Total loans 4,157,998 3,658,534 Allowance for credit losses (50,464) (54,286) Net loans $ 4,107,534 $ 3,604,248 As of December 31, 2022 and 2021, loans originated under the Federal Paycheck Protection Program (“PPP”) totaled approximately $217,000 and $25.8 million, respectively. Total loans include net deferred loan costs of $22.7 million at December 31, 2022 and $15.8 million at December 31, 2021, respectively. The risk characteristics of each loan portfolio segment are as follows: Commercial Commercial loans are primarily based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not be as expected, and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets such as accounts receivable or inventory and may incorporate a personal guarantee; however, some short-term loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its customers. Commercial real estate loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves larger loan principal amounts and the repayment of these loans is generally dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be more adversely affected by conditions in the real estate markets, the general economy or fluctuations in interest rates. The properties securing the Company’s commercial real estate portfolio are diverse in terms of property type, and are monitored for concentrations of credit. Management monitors and evaluates commercial real estate loans based on collateral, cash flow and risk grade criteria. As a general rule, the Company avoids financing single purpose projects unless other underwriting factors are present to help mitigate risk. In addition, management tracks the level of owner-occupied commercial real estate loans versus non-owner occupied loans. Real Estate and Consumer With respect to residential loans that are secured by 1-4 family residences and are generally owner occupied, the Company generally establishes a maximum loan-to-value ratio and requires private mortgage insurance if that ratio is exceeded. Home equity loans are typically secured by a subordinate interest in 1-4 family residences, and consumer loans are secured by consumer assets such as automobiles or recreational vehicles. Some consumer loans are unsecured such as small installment loans and certain lines of credit. Repayment of these loans is primarily dependent on the personal income of the borrowers, which can be impacted by economic conditions in their market areas such as unemployment levels. Repayment can also be impacted by changes in property values on residential properties. Risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers. Mortgage Warehousing Horizon’s mortgage warehouse lending has specific mortgage companies as customers of Horizon Bank. Individual mortgage loans originated by these mortgage companies are funded as a secured borrowing with a pledge of collateral under Horizon’s agreement with the mortgage company. Each mortgage loan funded by Horizon undergoes an underwriting review by Horizon to the end investor guidelines and is assigned to Horizon until the loan is sold to the secondary market by the mortgage company. In addition, Horizon takes possession of each original note and forwards such note to the end investor once the mortgage company has sold the loan. At the time a loan is transferred to the secondary market, the mortgage company reacquires the loan under its option within the agreement. Due to the reacquire feature contained in the agreement, the transaction does not qualify as a sale and therefore is accounted for as a secured borrowing with a pledge of collateral pursuant to the agreement with the mortgage company. When the individual loan is sold to the end investor by the mortgage company, the proceeds from the sale of the loan are received by Horizon and used to pay off the loan balance with Horizon along with any accrued interest and any related fees. The remaining balance from the sale is forwarded to the mortgage company. These individual loans typically are sold by the mortgage company within 30 days and are seldom held more than 90 days. Interest income is accrued during this period and collected at the time each loan is sold. Fee income for each loan sold is collected when the loan is sold, and no costs are deferred due to the term between each loan funding and related payoff, which is typically less than 30 days. Based on the agreements with each mortgage company, at any time a mortgage company can reacquire from Horizon its outstanding loan balance on an individual mortgage and regain possession of the original note. Horizon also has the option to request that the mortgage company reacquire an individual mortgage. Should this occur, Horizon would return the original note and reassign the assignment of the mortgage to the mortgage company. Also, in the event that the end investor would not be able to honor the purchase commitment and the mortgage company would not be able to reacquire its loan on an individual mortgage, Horizon would be able to exercise its rights under the agreement. Non–performing Loans The following table presents non–accrual loans, loans past due over 90 days still on accrual, and troubled debt restructured loans by class of loans: December 31, 2022 Non–accrual Loans Past Non–performing Performing Total Non–performing Loans with no Allowance for Credit Losses Commercial Owner occupied real estate $ 3,423 $ — $ — $ 568 $ 3,991 $ 3,805 Non–owner occupied real estate 3,866 — — 269 4,135 2,211 Residential spec homes 101 — — — 101 101 Development & spec land 815 — — — 815 65 Commercial and industrial 288 — — — 288 288 Total commercial 8,493 — — 837 9,330 6,470 Real estate Residential mortgage 5,479 43 1,210 1,391 8,123 8,123 Residential construction — — — — — — Mortgage warehouse — — — — — — Total real estate 5,479 43 1,210 1,391 8,123 8,123 Consumer Direct installment 138 26 — — 164 164 Indirect installment 745 23 — — 768 768 Home equity 2,775 — 338 342 3,455 3,455 Total consumer 3,658 49 338 342 4,387 4,387 Total $ 17,630 $ 92 $ 1,548 $ 2,570 $ 21,840 $ 18,980 December 31, 2021 Non–accrual Loans Past Non–performing Performing Total Non–performing Loans with no Allowance for Credit Losses Commercial Owner occupied real estate $ 4,247 $ — $ — $ 603 4,850 $ 2,796 Non–owner occupied real estate 761 — 285 — 1,046 1,046 Residential spec homes — — — — — — Development & spec land 919 — — — 919 919 Commercial and industrial 694 — — — 694 456 Total commercial 6,621 — 285 603 7,509 5,217 Real estate Residential mortgage 5,626 66 892 1,421 8,005 8,005 Residential construction — — — — — — Mortgage warehouse — — — — — — Total real estate 5,626 66 892 1,421 8,005 8,005 Consumer Direct installment 7 — — — 7 7 Indirect installment 538 15 — — 553 553 Home equity 2,170 64 344 367 2,945 2,945 Total consumer 2,715 79 344 367 3,505 3,505 Total $ 14,962 $ 145 $ 1,521 $ 2,391 $ 19,019 $ 16,727 There was no interest income recognized on non–accrual loans during the twelve months ended December 31, 2022 and 2021 while the loans were in non–accrual status. Included in the $17.6 million of non–accrual loans and the $1.5 million of non–performing TDRs at December 31, 2022 were $1.5 million and $105,000, respectively, of loans acquired for which there were accretable yields recognized. Included in the $15.0 million of non–accrual loans and the $1.5 million of non–performing TDRs at December 31, 2021 were $2.2 million and $290,000, respectively, of loans acquired for which there were accretable yields recognized. The following table presents the payment status by class of loan, excluding non–accrual loans of $17.6 million and non–performing TDRs of $1.5 million at December 31, 2022: December 31, 2022 Current 30–59 Days 60–89 Days 90 Days or Total Past Due Total Loans Commercial Owner occupied real estate $ 590,870 $ 269 — — $ 269 $ 591,139 Non–owner occupied real estate 1,183,195 16 — — 16 1,183,211 Residential spec homes 10,737 — — — — 10,737 Development & spec land 26,513 — 30 — 30 26,543 Commercial and industrial 646,792 507 — — 507 647,299 Total commercial 2,458,107 792 30 — 822 2,458,929 Real estate Residential mortgage 603,630 1,980 209 43 2,232 605,862 Residential construction 40,741 — — — — 40,741 Mortgage warehouse 69,529 — — — — 69,529 Total real estate 713,900 1,980 209 43 2,232 716,132 Consumer Direct installment 56,266 168 16 26 210 56,476 Indirect installment 494,341 4,536 904 23 5,463 499,804 Home equity 405,405 1,413 661 — 2,074 407,479 Total consumer 956,012 6,117 1,581 49 7,747 963,759 Total $ 4,128,019 $ 8,889 $ 1,820 $ 92 $ 10,801 $ 4,138,820 The following table presents the payment status by class of loans, excluding non–accrual loans of $15.0 million and non–performing TDRs $1.5 million of at December 31, 2021: December 31, 2021 Current 30–59 Days 60–89 Days 90 Days or Total Past Due Total Commercial Owner occupied real estate $ 555,851 $ 789 $ — $ — $ 789 $ 556,640 Non–owner occupied real estate 1,085,716 1,708 — — 1,708 1,087,424 Residential spec homes 9,907 — — — — 9,907 Development & spec land 23,496 58 — — 58 23,554 Commercial and industrial 528,461 974 79 — 1,053 529,514 Total commercial 2,203,431 3,529 79 — 3,608 2,207,039 Real estate Residential mortgage 556,128 834 265 66 1,165 557,293 Residential construction 30,571 — — — — 30,571 Mortgage warehouse 109,031 — — — — 109,031 Total real estate 695,730 834 265 66 1,165 696,895 Consumer Direct installment 63,295 409 3 — 412 63,707 Indirect installment 383,532 2,271 136 15 2,422 385,954 Home equity 287,382 849 161 64 1,074 288,456 Total consumer 734,209 3,529 300 79 3,908 738,117 Total $ 3,633,370 $ 7,892 $ 644 $ 145 $ 8,681 $ 3,642,051 The entire balance of a loan is considered delinquent if the minimum payment contractually required to be made is not received by the specified due date. Troubled Debt Restructurings Loans modified as troubled debt restructurings (“TDRs”) generally consist of allowing borrowers to defer scheduled principal payments and make interest only payments for a specified period of time at the stated interest rate of the original loan agreement or lower payments due to a modification of the loans' contractual terms. TDRs that continue to accrue interest are individually monitored on a monthly basis and evaluated for impairment annually and transferred to non–accrual status when it is probable that any remaining principal and interest payments due on the loan will not be collected in accordance with the contractual terms of the loan. TDRs that subsequently default are individually evaluated for impairment at the time of default. At December 31, 2022 and 2021, the type of concessions the Company has made on restructured loans has been temporary rate reductions and/or reductions in monthly payments, and there have been no restructured loans with modified recorded balances. Any modification to a loan that is a concession and is not in the normal course of lending is considered a restructured loan. A restructured loan is returned to accruing status after six consecutive payments but is still reported as a TDR unless the loan bears interest at a market rate. As of December 31, 2022, the Company had $4.1 million in TDRs and $2.6 million were performing according to the restructured terms and four TDRs were returned to accrual status during 2022. As of December 31, 2021, the Company had $3.9 million in TDRs and $2.4 million were performing according to the restructured terms and five TDRs was returned to accrual status during 2021. There were no specific reserves allocated to TDRs at December 31, 2022 or 2021 based on the discounted cash flows or, when appropriate, the fair value of the collateral. These TDRs are exclusive of loans modified under the CARES Act during 2022. The following table presents TDRs by loan portfolio: December 31, 2022 December 31, 2021 Non–accrual Accruing Total Non-accrual Accruing Total Commercial Owner occupied real estate $ — $ 568 $ 568 $ — $ 603 $ 603 Non–owner occupied real estate — 269 269 285 — 285 Residential spec homes — — — — — — Development & spec land — — — — — — Commercial and industrial — — — — — — Total commercial — 837 837 285 603 888 Real estate Residential mortgage 1,210 1,391 2,601 892 1,421 2,313 Residential construction — — — — — — Mortgage warehouse — — — — — — Total real estate 1,210 1,391 2,601 892 1,421 2,313 Consumer Direct installment — — — — — — Indirect installment — — — — — — Home equity 338 342 680 344 367 711 Total consumer 338 342 680 344 367 711 Total $ 1,548 $ 2,570 $ 4,118 $ 1,521 $ 2,391 $ 3,912 Loans Modified under the CARES Act The Bank has elected (i) to suspend the requirements under GAAP for loan modifications related to the COVID–19 pandemic that would otherwise be categorized as a TDR; and (ii) to suspend any determination of a loan modified as a result of the effects of COVID–19 pandemic as being a TDR, including impairment for accounting purposes. At December 31, 2022 and 2021, the Bank modified loans totaling $34,000 and $10.9 million, respectively, which qualify for treatment under the CARES Act. Collateral Dependent Financial Assets A collateral dependent financial loan relies solely on the operation or sale of the collateral for repayment. In evaluating the overall risk associated with the loan, the Company considers character, overall financial condition and resources, and payment record of the borrower; the prospects for support from any financially responsible guarantors; and the nature and degree of protection provided by the cash flow and value of any underlying collateral. However, as other sources of repayment become inadequate over time, the significance of the collateral's value increases and the loan may become collateral dependent. The tables below present the amortized cost basis and ACL allocated for collateral dependent loans in accordance with ASC326, which are individually evaluated to determine expected credit losses, at December 31, 2022 and 2021. December 31, 2022 Real Estate Accounts Receivable/Equipment Other Total ACL Allocation Commercial Owner occupied real estate $ 3,905 $ 95 $ — $ 4,000 $ 215 Non–owner occupied real estate 4,135 — — 4,135 988 Residential spec homes 101 — — 101 — Development & spec land 815 — — 815 36 Commercial and industrial — 248 31 279 — Total commercial 8,956 343 31 9,330 1,239 Total collateral dependent loans $ 8,956 $ 343 $ 31 $ 9,330 $ 1,239 December 31, 2021 Real Estate Accounts Receivable/Equipment Other Total ACL Allocation Commercial Owner occupied real estate $ 11,201 $ 103 $ — $ 11,304 $ 632 Non–owner occupied real estate 2,068 — — 2,068 — Development & spec land 919 — — 919 — Commercial and industrial 427 1,218 — 1,645 128 Total commercial 14,615 1,321 — 15,936 760 Total collateral dependent loans $ 14,615 $ 1,321 $ — $ 15,936 $ 760 Credit Quality Indicators Horizon Bank’s processes for determining credit quality differ slightly depending on whether a new loan or a renewed loan is being underwritten, or whether an existing loan is being re-evaluated for credit quality. The latter usually occurs upon receipt of current financial information or other pertinent data that would trigger a change in the loan grade. • For new and renewed commercial loans, the Bank’s Credit Department, which acts independently of the loan officer, assigns the credit quality grade to the loan. Loan grades for loans with an aggregate credit exposure that exceeds the authorities in the respective regions (ranging from $3,000,000 to $6,000,000) are validated by the Loan Committee, which is chaired by the Chief Commercial Banking Officer (“CCBO”). • Commercial loan officers are responsible for reviewing their loan portfolios and reporting any adverse material change to the CCBO or Loan Committee. When circumstances warrant a change in the credit quality grade, loan officers are required to notify the CCBO and the Credit Department of the change in the loan grade. Downgrades are accepted immediately by the CCBO, however, lenders must present their factual information to either the Loan Committee or the CCBO when recommending an upgrade. • The CCBO, or a designee, meets periodically with loan officers to discuss the status of past–due loans and classified loans. These meetings are also designed to give the loan officers an opportunity to identify an existing loan that should be downgraded to a classified grade. • Monthly, senior management meets as members of the Watch Committee, which reviews all of the past due, classified, and impaired loans and the relative trends of these assets. This committee also reviews the actions taken by management regarding foreclosure mitigation, loan extensions, troubled debt restructures, other real estate owned and personal property repossessions. The information reviewed in this meeting acts as a precursor for developing management’s analysis of the adequacy of the Allowance for Loan and Lease Losses. For residential real estate and consumer loans, Horizon uses a grading system based on delinquency. Loans that are 90 days or more past due, on non–accrual, or are classified as a TDR are graded “Substandard.” After being 90 to 120 days delinquent a loan is charged–off unless it is well secured and in the process of collection. If the latter case exists, the loan is placed on non–accrual. Occasionally a mortgage loan may be graded as “Special Mention.” When this situation arises, it is because the characteristics of the loan and the borrower fit the definition of a Risk Grade 5 described below, which is normally used for grading commercial loans. Loans not graded Substandard are considered Pass. Horizon Bank employs a nine–grade rating system to determine the credit quality of commercial loans. The first five grades represent acceptable quality, and the last four grades mirror the criticized and classified grades used by the bank regulatory agencies (special mention, substandard, doubtful, and loss). The most recent review and approval of the loan policy was in October 2020. The loan grade definitions are detailed below. Risk Grade 1: Excellent (Pass) Loans secured by liquid collateral, such as certificates of deposit, reputable bank letters of credit, or other cash equivalents or loans to any publicly held company with a current long–term debt rating of A or better and meeting defined key financial metric ranges. Risk Grade 2: Good (Pass) Loans to businesses that have strong financial statements containing an unqualified opinion from a CPA firm and at least three years consecutive years of profits; loans supported by unaudited financial statements containing strong balance sheets, five years consecutive years of profits, a five year satisfactory relationship with the Bank, and key balance sheet and income statement trends that are either stable or positive; loans secured by publicly traded marketable securities with required margins where there is no impediment to liquidation; loans to individuals backed by liquid personal assets and unblemished credit histories; or loans to publicly held companies with current long–term debt ratings of Baa or better and meeting defined key financial metric ranges. Risk Grade 3: Satisfactory (Pass) Loans supported by financial statements (audited or unaudited) that indicate average or slightly below average risk and having some deficiency or vulnerability to changing economic conditions; loans with some weakness but offsetting features of other support are readily available; loans that are meeting the terms of repayment, but which may be susceptible to deterioration if adverse factors are encountered and meeting defined key financial metric ranges. Loans may be graded Satisfactory when there is no recent information on which to base a current risk evaluation and the following conditions apply: • At inception, the loan was properly underwritten, did not possess an unwarranted level of credit risk, and the loan met the above criteria for a risk grade of Excellent, Good, or Satisfactory; • At inception, the loan was secured with collateral possessing a loan value adequate to protect the Bank from loss. • The loan has exhibited two • During the period that the loan has been outstanding, there has been no evidence of any credit weakness. Some examples of weakness include slow payment, lack of cooperation by the borrower, breach of loan covenants, or the borrower is in an industry known to be experiencing problems. If any of these credit weaknesses is observed, a lower risk grade may be warranted. Risk Grade 4 Satisfactory/Monitored: Loans in this category are considered to be of acceptable credit quality, but contain greater credit risk than Satisfactory rated loans and meet defined key financial metric ranges. Borrower displays acceptable liquidity, leverage, and earnings performance within the Bank’s minimum underwriting guidelines. The level of risk is acceptable but conditioned on the proper level of loan officer supervision. Loans that normally fall into this grade include acquisition, construction and development loans and income producing properties that have not reached stabilization. Risk Grade 4W Management Watch: Loans in this category are considered to be of acceptable quality and meet defined key financial metric ranges, but with above normal risk. Borrower displays potential indicators of weakness in the primary source of repayment resulting in a higher reliance on secondary sources of repayment. Balance sheet may exhibit weak liquidity and/or high leverage. There is inconsistent earnings performance without the ability to sustain adverse economic conditions. Borrower may be operating in a declining industry or the property type, as for a commercial real estate loan, may be high risk or in decline. These loans require an increased level of loan officer supervision and monitoring to assure that any deterioration is addressed in a timely fashion. Commercial construction loans are graded as 4W Management Watch until the projects are completed and stabilized. Risk Grade 5: Special Mention Loans which possess some temporary (normally less than one year) credit deficiency or potential weakness which deserves close attention. Such loans pose an unwarranted financial risk that, if not corrected, could weaken the loan by adversely impacting the future repayment ability of the borrower. The key distinctions of a Special Mention classification are that (1) it is indicative of an unwarranted level of risk and (2) weaknesses are considered “potential,” not “defined,” impairments to the primary source of repayment. These loans may be to borrowers with adverse trends in financial performance, collateral value and/or marketability, or balance sheet strength and must meet defined key financial metric ranges. Risk Grade 6: Substandard One or more of the following characteristics may be exhibited in loans classified Substandard: • Loans which possess a defined credit weakness. The likelihood that a loan will be paid from the primary source of repayment is uncertain. Financial deterioration is under way and very close attention is warranted to ensure that the loan is collected without loss. • Loans are inadequately protected by the current net worth and paying capacity of the obligor. • The primary source of repayment is gone, and the Bank is forced to rely on a secondary source of repayment, such as collateral liquidation or guarantees. • Loans have a distinct possibility that the Bank will sustain some loss if deficiencies are not corrected. • Unusual courses of action are needed to maintain a high probability of repayment. • The borrower is not generating enough cash flow to repay loan principal; however, it continues to make interest payments. • The lender is forced into a subordinated or unsecured position due to flaws in documentation. • Loans have been restructured so that payment schedules, terms, and collateral represent concessions to the borrower when compared to the normal loan terms. • The lender is seriously contemplating foreclosure or legal action due to the apparent deterioration in the loan. • There is a significant deterioration in market conditions to which the borrower is highly vulnerable. • The borrower meets defined key financial metric ranges. Risk Grade 7: Doubtful One or more of the following characteristics may be present in loans classified Doubtful: • Loans have all of the weaknesses of those classified as Substandard. However, based on existing conditions, these weaknesses make full collection of principal highly improbable. • The primary source of repayment is gone, and there is considerable doubt as to the quality of the secondary source of repayment. • The possibility of loss is high but because of certain important pending factors which may strengthen the loan, loss classification is deferred until the exact status of repayment is known. • The borrower meets defined key financial metric ranges. Risk Grade 8: Loss Loans are considered uncollectible and of such little value that continuing to carry them as assets is not feasible. Loans will be classified Loss when it is neither practical nor desirable to defer writing off or reserving all or a portion of a basically worthless asset, even though partial recovery may be possible at some time in the future. The following tables present loans by credit grades and origination year at December 31, 2022. December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Commercial Owner occupied real estate Pass $ 102,986 $ 78,420 $ 50,751 $ 50,807 $ 38,518 $ 168,574 $ 76,493 $ 566,549 Special Mention — 6,677 — 7 — 2,729 83 9,496 Substandard 1,016 253 983 834 3,116 9,439 2,876 18,517 Doubtful — — — — — — — — Total owner occupied real estate $ 104,002 $ 85,350 $ 51,734 $ 51,648 $ 41,634 $ 180,742 $ 79,452 $ 594,562 Non–owner occupied real estate Pass $ 186,272 $ 176,077 $ 134,395 $ 96,566 $ 57,382 $ 305,264 $ 182,681 $ 1,138,637 Special Mention — 1,415 265 883 39,239 617 — 42,419 Substandard — — 246 — 3,532 2,243 — 6,021 Doubtful — — — — — — — — Total non–owner occupied real estate $ 186,272 $ 177,492 $ 134,906 $ 97,449 $ 100,153 $ 308,124 $ 182,681 $ 1,187,077 Residential spec homes Pass $ 379 $ 3,957 $ 146 $ — $ — $ 1,922 $ 4,334 $ 10,738 Special Mention — — — — — — — — Substandard — — — — — — 100 100 Doubtful — — — — — — — — Total residential spec homes $ 379 $ 3,957 $ 146 $ — $ — $ 1,922 $ 4,434 $ 10,838 Development & spec land Pass $ 1,586 $ 1,230 $ 449 $ 270 $ 5 $ 9,739 $ 13,008 $ 26,287 Special Mention — — — — — 145 — 145 Substandard — — — — — 178 748 926 Doubtful — — — — — — — — Total development & spec land $ 1,586 $ 1,230 $ 449 $ 270 $ 5 $ 10,062 $ 13,756 $ 27,358 Commercial & industrial Pass $ 207,019 $ 139,759 $ 32,997 $ 34,303 $ 41,044 $ 119,850 $ 49,859 $ 624,831 Special Mention 718 368 31 562 706 2,251 — 4,636 Substandard — 2,720 2,216 532 1,618 5,517 5,517 18,120 Doubtful — — — — — — — — Total commercial & industrial 207,737 142,847 35,244 35,397 43,368 127,618 55,376 647,587 Total commercial $ 499,976 $ 410,876 $ 222,479 $ 184,764 $ 185,160 $ 628,468 $ 335,699 $ 2,467,422 December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Real estate Residential mortgage Performing $ 107,224 $ 156,595 $ 91,314 $ 33,768 $ 36,147 $ 178,588 $ 792 $ 604,428 Non–performing — 493 285 623 631 6,091 — 8,123 Total residential mortgage $ 107,224 $ 157,088 $ 91,599 $ 34,391 $ 36,778 $ 184,679 $ 792 $ 612,551 Residential construction Performing $ 187 $ — $ — $ — $ — $ — $ 40,554 $ 40,741 Non–performing — — — — — — — — Total residential construction $ 187 $ — $ — $ — $ — $ — $ 40,554 $ 40,741 Mortgage warehouse Performing $ — $ — $ — $ — $ — $ — $ 69,529 $ 69,529 Non–performing — — — — — — — — Total mortgage warehouse — — — — — — 69,529 69,529 Total real estate $ 107,411 $ 157,088 $ 91,599 $ 34,391 $ 36,778 $ 184,679 $ 110,875 $ 722,821 December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Consumer Direct installment Performing $ 19,851 $ 12,708 $ 7,204 $ 7,682 $ 3,952 $ 5,044 $ 9 $ 56,450 Non–performing — 50 13 65 25 11 — 164 Total direct installment $ 19,851 $ 12,758 $ 7,217 $ 7,747 $ 3,977 $ 5,055 $ 9 $ 56,614 Indirect installment Performing $ 259,446 $ 118,961 $ 60,062 $ 34,576 $ 19,062 $ 7,674 $ — $ 499,781 Non–performing 27 169 210 181 101 80 — 768 Total indirect installment $ 259,473 $ 119,130 $ 60,272 $ 34,757 $ 19,163 $ 7,754 $ — $ 500,549 Home equity Performing $ 160,124 $ 85,254 $ 41,438 $ 26,984 $ 21,606 $ 64,642 $ 7,089 $ 407,137 Non–performing 108 16 19 140 152 1,077 1,943 3,455 Total home equity 160,232 85,270 41,457 27,124 21,758 65,719 9,032 410,592 Total consumer $ 439,556 $ 217,158 $ 108,946 $ 69,628 $ 44,898 $ 78,528 $ 9,041 $ 967,755 The following table presents loans by credit grades at December 31, 2021. December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Total Commercial Owner occupied real estate Pass $ 86,798 $ 58,789 $ 61,134 $ 43,903 $ 46,530 $ 159,351 $ 60,539 $ 517,044 Special Mention — 72 2,685 3,194 7,279 11,451 1,345 26,026 Substandard — 1,003 1,312 3,192 1,957 9,579 774 17,817 Doubtful — — — — — — — — Total owner occupied real estate $ 86,798 $ 59,864 $ 65,131 $ 50,289 $ 55,766 $ 180,381 $ 62,658 $ 560,887 Non–owner occupied real estate Pass $ 175,538 $ 108,465 $ 120,561 $ 59,596 $ 126,334 $ 260,362 $ 178,928 $ 1,029,784 Special Mention — 839 1,192 34,412 999 3,850 515 41,807 Substandard 720 — 6,045 1,096 425 7,793 800 16,879 Doubtful — — — — — — — — Total non–owner occupied real estate $ 176,258 $ 109,304 $ 127,798 $ 95,104 $ 127,758 $ 272,005 $ 180,243 $ 1,088,470 Residential spec homes Pass $ 1,115 $ 254 $ 155 $ — $ — $ 1,346 $ 7,037 $ 9,907 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total residential spec homes $ 1,115 $ 254 $ 155 $ — $ — $ 1,346 $ 7,037 $ 9,907 Development & spec land Pass $ 2,282 $ 536 $ 503 $ 11 $ 3,583 $ 8,496 $ 7,837 $ 23,248 Special Mention — — — — — 177 — 177 Substandard — — — — 11 289 748 1,048 Doubtful — — — — — — — — Total development & spec land $ 2,282 $ 536 $ 503 $ 11 $ 3,594 $ 8,962 $ 8,585 $ 24,473 Commercial & industrial Pass $ 198,482 $ 48,245 $ 43,003 $ 47,986 $ 64,292 $ 69,589 $ 23,647 $ 495,244 Special Mention 592 3,278 2,090 4,588 3,781 7,427 3,295 25,051 Substandard 111 143 1,211 3,936 1,313 1,847 1,352 9,913 Doubtful — — — — — — — — Total commercial & industrial 199,185 51,666 46,304 56,510 69,386 78,863 28

Allowance for Credit and Loan L

Allowance for Credit and Loan Losses	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Allowance for Credit and Loan Losses	Allowance for Credit and Loan Losses The following table represents, by loan portfolio segment, a summary of changes in the ACL on loans for the twelve months ended December 31, 2022 and 2021. Twelve Months Ended December 31, 2022 Commercial Real Estate Mortgage Warehouse Consumer Total Balance, beginning of period $ 40,775 $ 3,856 $ 1,059 $ 8,596 $ 54,286 Credit loss expense (recovery) (7,650) 1,668 (39) 3,802 (2,219) PCD loans charge–offs (760) — — — (760) Charge–offs (266) (97) — (2,231) (2,594) Recoveries 346 150 — 1,255 1,751 Balance, end of period $ 32,445 $ 5,577 $ 1,020 $ 11,422 $ 50,464 Twelve Months Ended December 31, 2021 Commercial Real Estate Mortgage Warehouse Consumer Total Balance, beginning of period $ 42,210 $ 4,620 $ 1,267 $ 8,930 $ 57,027 Credit loss expense (recovery) (1,320) (755) (208) 199 (2,084) PCD loan charge–offs 984 — — — 984 Charge–offs (1,368) (159) — (1,272) (2,799) Recoveries 269 150 — 739 1,158 Balance, end of period $ 40,775 $ 3,856 $ 1,059 $ 8,596 $ 54,286 The Company utilized the Cumulative Loss Rate method in determining expected future credit losses. The loss rate method measures the amount of loan charge–offs, net of recoveries, (“loan losses”) recognized over the life of a pool and compares those loan losses to the outstanding loan balance of that pool as of a specific point in time (“pool date”). To estimate a CECL loss rate for the pool, management first identifies the loan losses recognized between the pool date and the reporting date for the pool and determines which loan losses were related to loans outstanding at the pool date. The loss rate method then divides the loan losses recognized on loans outstanding as of the pool date by the outstanding loan balance as of the pool date. The Company’s expected loss estimate is anchored in historical credit loss experience, with an emphasis on all available portfolio data. The Company’s historical look–back period includes January 2013 through the current period, on a monthly basis. When historical credit loss experience is not sufficient for a specific portfolio, the Company may supplement its own portfolio data with external models or data. Qualitative reserves reflect management’s overall estimate of the extent to which current expected credit losses on collectively evaluated loans will differ from historical loss experience. The analysis takes into consideration other analytics performed within the organization, such as enterprise and concentration management, along with other credit–related analytics as deemed appropriate. Management attempts to quantify qualitative reserves whenever possible. The Company’s CECL estimate applies to a forecast that incorporates macroeconomic trends and other environmental factors. Management utilized National, Regional and Local Leading Economic Indexes, as well as management judgment, as the basis for the forecast period. The historical loss rate was utilized as the base rate, and qualitative adjustments were utilized to reflect the forecast and other relevant factors.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Premises and Equipment	Premises and Equipment December 31 December 31 Land $ 30,257 $ 28,079 Buildings and improvements 85,977 86,507 Furniture and equipment 35,044 33,136 Total cost 151,278 147,722 Accumulated depreciation (58,601) (54,281) Net premises and equipment $ 92,677 $ 93,441

Loan Servicing

Loan Servicing	12 Months Ended
	Dec. 31, 2022
Payments for (Proceeds from) Mortgage Servicing Rights [Abstract]
Loan Servicing	Loan Servicing Loans serviced for others are not included in the accompanying consolidated balance sheets. The unpaid principal balances of loans serviced for others totaled approximately $1.532 billion and $1.540 billion at December 31, 2022 and 2021. Comparable market values and a valuation model that calculates the present value of future cash flows were used to estimate fair value. For purposes of measuring impairment, risk characteristics including product type, investor type and interest rates, were used to stratify the originated mortgage servicing rights. Mortgage servicing rights are included in other assets on the balance sheets as of December 31, 2022 and 2021. December 31 December 31 December 31 Mortgage servicing rights Balances, January 1 $ 17,780 $ 17,644 $ 15,046 Servicing rights capitalized 3,184 4,209 5,530 Amortization of servicing rights (2,345) (4,073) (2,932) Balances, December 31 18,619 17,780 17,644 Impairment allowance Balances, January 1 (2,594) (5,172) (719) Additions — — (5,106) Reductions 2,594 2,578 653 Balances, December 31 — (2,594) (5,172) Mortgage servicing rights, net $ 18,619 $ 15,186 $ 12,472 Fair value, beginning of period $ 15,236 $ 12,356 $ 14,405 Fair value, end of period $ 19,992 $ 15,236 $ 12,356

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets December 31 December 31 Balance, January 1 $ 154,572 $ 151,238 Goodwill acquired — 3,334 Measurement period adjustment 639 — Balances, December 31 $ 155,211 $ 154,572 Goodwill is assessed for impairment annually, or more frequently if events occur or circumstances change that indicate an impairment may exist. When assessing goodwill for impairment, first, a qualitative assessment can be made to determine whether it is more likely than not that the estimated fair value of a reporting unit is less than its estimated carrying value. If the results of the qualitative assessment are not conclusive, a quantitative goodwill test is performed. Alternatively, a quantitative goodwill test can be performed without performing a qualitative assessment. No impairment loss was recorded in 2022 or 2021. The Company tested goodwill for impairment during 2022 and 2021. In both valuations, the fair value exceeded the Company’s carrying value, therefore, it was concluded goodwill is not impaired. For additional details related to impairment testing, see the “Goodwill and Intangible Assets” section of “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included as Item 7 of this Annual Report on Form 10–K. As a result of acquisitions, the Company has recorded certain amortizable intangible assets related to core deposit intangibles. These core deposit intangibles are being amortized over seven years to ten years using an accelerated method. Amortizable intangible assets are summarized as follows: December 31, 2022 December 31, 2021 Gross Carrying Accumulated Gross Carrying Accumulated Amortizable intangible assets Core deposit intangible $ 42,220 $ (24,981) $ 40,590 $ (17,635) Amortization expense for intangible assets totaled $3.6 million, $3.9 million, and $3.8 million for the years ended December 31, 2022, 2021 and 2020. Estimated amortization for the years ending December 31 is as follows: Year Amount 2023 $ 3,612 2024 3,403 2025 3,044 2026 2,566 2027 2,119 Thereafter 2,495 $ 17,239

Deposits

Deposits	12 Months Ended
	Dec. 31, 2022
Statistical Disclosure for Banks [Abstract]
Deposits	Deposits December 31 December 31 Non–interest bearing demand deposits $ 1,277,768 $ 1,360,338 Interest bearing demand deposits 1,931,863 1,947,973 Money market (variable rate) 744,262 826,317 Savings deposits 906,766 937,477 Certificates of deposit of $250,000 or more 551,365 299,537 Other certificates and time deposits 445,750 431,349 Total deposits $ 5,857,774 $ 5,802,991 Certificates and other time deposits for both retail and brokered maturing in years ending December 31 are as follows: Retail Brokered Total 2023 $ 679,021 $ 18,580 $ 697,601 2024 109,545 150,000 259,545 2025 19,057 — 19,057 2026 10,490 — 10,490 2027 10,261 — 10,261 Thereafter 161 — 161 $ 828,535 $ 168,580 $ 997,115

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Borrowings	Borrowings December 31 December 31 Federal Home Loan Bank advances, variable and fixed rates ranging from 1.54% to 4.90%, due at various dates through July 29, 2032 $ 575,376 $ 525,484 Securities sold under agreements to repurchase 137,871 130,798 Federal funds purchased 134,746 — Federal Reserve Bank discount window 244,000 — Secured borrowings 50,956 56,457 Total borrowings $ 1,142,949 $ 712,739 The Federal Home Loan Bank advances are secured by first and second mortgage loans, commercial real estate loans and mortgage warehouse loans totaling approximately $1.6 billion. Advances are subject to restrictions or penalties in the event of prepayment. At December 31, 2022, the Bank had a total of $350.0 million in putable advances. The call dates for these advances range from January 19, 2023 to January 30, 2023 even though maturity dates extend beyond those dates. At December 31, 2022, the Bank had available approximately $438.0 million in credit lines with various money center banks, including the FHLB. Contractual maturities in years ending December 31 are as follows: Year Amount 2023 $ 742,684 2024 50,117 2025 73 2026 75 2027 — Thereafter 350,000 $ 1,142,949

Repurchase Agreements

Repurchase Agreements	12 Months Ended
	Dec. 31, 2022
Text Block [Abstract]
Repurchase Agreements	Repurchase Agreements Securities sold under agreements to repurchase consist of obligations of the Bank to other parties. The obligations are secured by federal agency collateralized mortgage obligations and federal agency mortgage-backed pools and such collateral is held in safekeeping by third parties. The maximum amount of outstanding agreements at any month end during 2022 and 2021 totaled $148.7 million and $145.2 million and the daily average of such agreements totaled $141.0 million and $123.7 million. The agreements at December 31, 2022 are overnight agreements. The following table shows repurchase agreements accounted for as secured borrowings and the related securities, at fair value, pledged for repurchase agreements: December 31, 2022 Remaining Contractual Maturity of the Agreements Overnight Up to one One to three Three to five Five to ten Beyond ten Total Repurchase Agreements and repurchase–to–maturity transactions Repurchase Agreements $ 137,871 $ — $ — $ — $ — $ — $ 137,871 Securities pledged for Repurchase Agreements Federal agency collateralized mortgage obligations $ 13,882 $ — $ — $ — $ — $ — $ 13,882 Federal agency mortgage–backed pools 137,646 — — — — — 137,646 Private labeled mortgage–backed pools 8,989 — — — — — 8,989 Total $ 160,517 $ — $ — $ — $ — $ — $ 160,517

Subordinated Notes

Subordinated Notes	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Subordinated Notes	Subordinated NotesOn June 24, 2020, Horizon issued $60.0 million in aggregate principal amount, $58.5 million proceeds, net of related issuance costs of $1.5 million, of 5.625% fixed–to–floating rate subordinated notes (the “Notes”). The Notes were offered in denominations of $1,000 and integral multiples of $1,000 in excess thereof. The Notes mature on July 1, 2030 (the “Maturity Date”). From and including the date of original issuance to, but excluding, July 1, 2025 or the date of earlier redemption (the “fixed rate period”), the Notes bear interest at an initial rate of 5.625% per annum, payable semi–annually in arrears on January 1 and July 1 of each year, commencing on January 1, 2021. The last interest payment date for the fixed rate period will be July 1, 2025. From and including July 1, 2025 to, but excluding, the Maturity Date or the date of earlier redemption (the “floating rate period”), the Notes bear interest at a floating rate per annum equal to the Benchmark rate (which is expected to be Three–Month Term SOFR), plus 549 basis points, payable quarterly in arrears on January 1, April 1, July 1, and October 1 of each year, commencing on October 1, 2025. Notwithstanding the foregoing, in the event that the Benchmark rate is less than zero, the Benchmark rate shall be deemed to be zero. Horizon may, at its option, beginning with the interest payment date of July 1, 2025 and on any interest payment date thereafter, redeem the Notes, in whole or in part. The Notes will not otherwise be redeemable by Horizon prior to maturity, unless certain events occur. The redemption price for any redemption is 100% of the principal amount of the Notes, plus accrued and unpaid interest thereon to, but excluding, the date of redemption. Any early redemption of the Notes will be subject to the receipt of the approval of the Board of Governors of the Federal Reserve System to the extent then required under applicable laws or regulations, including capital regulations. The Notes are unsecured subordinated obligations, and rank pari passu, or equally, with all of Horizon's future unsecured subordinated debt and are junior to all existing and future senior debt. The Notes are structurally subordinated to all existing and future liabilities of Horizon's subsidiaries, including the deposit liabilities and claims of other creditors of Horizon Bank, and are effectively subordinated to Horizon's existing and future secured indebtedness. There is no sinking fund for the Notes. The Notes are obligations of Horizon only and are not obligations of, and are not guaranteed by, any of Horizon's subsidiaries.

Junior Subordinated Debentures

Junior Subordinated Debentures Issued to Capital Trusts	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Junior Subordinated Debentures Issued to Capital Trusts	Junior Subordinated Debentures Issued to Capital Trusts In October of 2004, Horizon formed Horizon Statutory Trust II (“Trust II”), a wholly owned statutory business trust. Trust II sold $10.3 million of Trust Preferred Capital Securities as a participant in a pooled trust preferred securities offering. The proceeds from the sale of the trust preferred securities were used by the trust to purchase an equivalent amount of subordinated debentures from Horizon. The junior subordinated debentures are the sole assets of Trust II and are fully and unconditionally guaranteed by Horizon. The junior subordinated debentures and the trust preferred securities pay interest and dividends on a quarterly basis. The junior subordinated debentures and the securities bear interest at a rate of 90–day LIBOR plus 1.95% (6.72% at December 31, 2022) and mature on November 23, 2034, and securities may be called at any quarterly interest payment date at par. Costs associated with the issuance of the securities totaling $17,500 were capitalized and were amortized to October 31, 2009, the first call date of the securities. In December of 2006, Horizon formed Horizon Bancorp Capital Trust III (“Trust III”), a wholly owned statutory business trust. Trust III sold $12.4 million of Trust Preferred Capital Securities as a participant in a pooled trust preferred securities offering. The proceeds from the sale of the trust preferred securities were used by the trust to purchase an equivalent amount of subordinated debentures from Horizon. The junior subordinated debentures are the sole assets of Trust III and are fully and unconditionally guaranteed by Horizon. The junior subordinated debentures and the trust preferred securities pay interest and dividends on a quarterly basis. The junior subordinated debentures and the securities bear interest at a rate of 90–day LIBOR plus 1.65% (6.42% at December 31, 2022) and mature on January 30, 2037, and securities may be called at any quarterly interest payment date at par. Costs associated with the issuance of the securities totaling $12,647 were capitalized and are being amortized to the first call date of the securities. The Company assumed additional debentures as the result of the acquisition of Alliance Bank Corporation in 2005. In June 2004, Alliance formed Alliance Financial Statutory Trust I a wholly owned business trust (“Alliance Trust”), to sell $5.2 million in trust preferred securities. The proceeds from the sale of the trust preferred securities were used by the trust to purchase an equivalent amount of subordinated debentures from Alliance. The junior subordinated debentures are the sole assets of Alliance Trust and are fully and unconditionally guaranteed by Horizon. The junior subordinated debentures and the trust preferred securities pay interest and dividends on a quarterly basis. The junior subordinated debentures and the securities bear interest at a rate of 90–day LIBOR plus 2.65% (7.42% at December 31, 2022) and mature in June 2034, and securities may be called at any quarterly interest payment date at par. The Company assumed additional debentures as the result of the American Trust & Savings Bank purchase and assumption in 2010. In March 2004, Am Tru Inc., the holding company for American Trust & Savings Bank, formed Am Tru Statutory Trust I a wholly owned business trust (“Am Tru Trust”), to sell $3.5 million in trust preferred securities. The proceeds from the sale of the trust preferred securities were used by the trust to purchase an equivalent amount of subordinated debentures from Am Tru Inc. The junior subordinated debentures are the sole assets of Am Tru Trust and are fully and unconditionally guaranteed by Horizon. The junior subordinated debentures and the trust preferred securities pay interest and dividends on a quarterly basis. The junior subordinated debentures and the securities bear interest at a rate of 90–day LIBOR plus 2.85% (7.62% at December 31, 2022) and mature in December 2033, and securities may be called at any quarterly interest payment date at par. The carrying value was $3.5 million, net of the remaining purchase discount, at December 31, 2022. The Company assumed additional debentures as the result of the Heartland merger in July 2012. In December 2006, Heartland formed Heartland (IN) Statutory Trust II a wholly owned business trust (“Heartland Trust”), to sell $3.0 million in trust preferred securities. The proceeds from the sale of the trust preferred securities were used by the trust to purchase an equivalent amount of subordinated debentures from Heartland. The junior subordinated debentures are the sole assets of Heartland Trust and are fully and unconditionally guaranteed by Horizon. The junior subordinated debentures and the trust preferred securities pay interest and dividends on a quarterly basis. The junior subordinated debentures and the securities bear interest at a rate of 90–day LIBOR plus 1.67% (6.44% at December 31, 2022) and mature in December 2036, and securities may be called at any quarterly interest payment date at par. The carrying value was $2.1 million, net of the remaining purchase discount, at December 31, 2022. The Company assumed additional debentures as the result of the LaPorte merger in July 2016. In October 2007, LaPorte assumed debentures as the result of its acquisition of City Savings Financial Corporation (“City Savings”). In June 2003, City Savings formed City Savings Statutory Trust I a wholly owned business trust (“City Savings Trust”), to sell $5.0 million in trust preferred securities. The proceeds from the sale of the trust preferred securities were used by the trust to purchase an equivalent amount of subordinated debentures from City Savings. The junior subordinated debentures are the sole assets of City Savings Trust and are fully and unconditionally guaranteed by Horizon. The junior subordinated debentures and the trust preferred securities pay interest and dividends on a quarterly basis. The junior subordinated debentures and the securities bear interest at a rate of 90–day LIBOR plus 3.10% (7.87% at December 31, 2022) and mature in June 2033, and securities may be called at any quarterly interest payment date at par. The carrying value was $4.5 million, net of the remaining purchase discount, at December 31, 2022. The Company assumed additional debentures as the result of the Salin merger in March 2019. In October 2003, Salin Bancshares, Inc. (“Salin”) formed Salin Statutory Trust I (“Salin Trust”), to sell $20.0 million in trust preferred securities. The proceeds from the sale of the trust preferred securities were used by the trust to purchase an equivalent amount of subordinated debentures from Salin. The junior subordinated debentures are the sole assets of Salin Trust and are fully and unconditionally guaranteed by Horizon. The junior subordinated debentures and the securities bear interest at a rate of 90–day LIBOR plus 2.95% (7.72% at December 31, 2022) and mature in October 2033, and securities may be called at any quarterly interest payment date at par. The carrying value was $18.1 million, net of the remaining purchase discount, at December 31, 2022. The Trust Preferred Capital Securities, subject to certain limitations, are included in Tier 1 Capital for regulatory purposes. Dividends on the Trust Preferred Capital Securities are recorded as interest expense.

Employee Stock Ownership Plan

Employee Stock Ownership Plan	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Employee Stock Ownership Plan	Employee Stock Ownership PlanEffective January 1, 2007, Horizon converted its stock bonus plan to an employee stock ownership plan (“ESOP”). Prior to that date, Horizon maintained an employee stock bonus plan that covered substantially all employees. The stock bonus plan was noncontributory, and Horizon made matching contributions of amounts contributed by the employees to the Employee Thrift Plan and discretionary contributions. Prior to the establishment of the employee stock bonus plan, Horizon maintained an ESOP that was terminated in 1999. The prior ESOP accounts of active employees and the discretionary accounts of active employees remain in the new ESOP. The Matching contribution accounts under the stock bonus plan were transferred to the Employee Thrift Plan. Horizon's ESOP was terminated on July 1, 2021. The Internal Revenue Service issued a favorable determination letter on October 29, 2021, and the Plan distributed all assets to participants in 2022. Total cash contributions and expense recorded for the ESOP was $0 in 2022, $0 in 2021 and $591,000 in 2020. The ESOP, which was not leveraged, owned no shares of Horizon’s stock as of December 31, 2022.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2022
Postemployment Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans The Employee Thrift Plan (“Plan”) provides that all employees of Horizon with the requisite hours of service are eligible for the Plan. The Plan permits voluntary employee contributions and Horizon may make discretionary matching and profit sharing contributions. Each eligible employee is vested according to a schedule based upon years of service. Employee voluntary contributions are vested at all times. The Bank’s expense related to the Plan totaled approximately $1.9 million in 2022, $1.5 million in 2021 and $1.4 million in 2020. The Plan owned a total of 799,956 shares of Horizon’s stock or 1.8% of the outstanding shares as of December 31, 2022. The Pentegra Defined Benefit Plan (“Pentegra Plan”), acquired from the Peoples acquisition, was terminated in April of 2020. The Pentegra Plan was transferred into annuity contracts and will no longer be administered by the Company. The termination liability was $3.4 million, which the Company recorded a $2.9 million withdrawal liability resulting in an additional termination expense in 2020 of $460,000.

Income Tax

Income Tax	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Tax	Income Tax December 31 December 31 December 31 Income tax expense Currently payable Federal $ 9,111 $ 11,742 $ 16,914 State 888 1,303 2,377 Deferred Federal 2,208 2,056 (7,970) State (31) 255 (1,451) Total income tax expense $ 12,176 $ 15,356 $ 9,870 Reconciliation of federal statutory to actual tax expense Federal statutory income tax at 21% $ 22,173 $ 21,514 $ 16,457 Tax exempt interest (6,623) (5,362) (4,090) Tax exempt BOLI income (746) (604) (531) Stock compensation (232) (250) (160) Other tax exempt income (454) (404) (334) State tax 676 1,231 733 Tax credit investments (2,774) (981) (2,284) Nondeductible and other 156 212 79 Actual tax expense $ 12,176 $ 15,356 $ 9,870 December 31 December 31 Assets Allowance for loan losses $ 12,762 $ 13,707 Net operating loss and tax credits 9,313 — Director and employee benefits 2,019 2,094 Unrealized loss on AFS securities and cash flow hedge 28,230 — Other 555 1,785 Total assets 52,879 17,586 Liabilities Depreciation (4,599) (4,540) State tax (262) (261) Federal Home Loan Bank stock dividends (368) (371) Difference in basis of intangible assets (4,440) (3,476) Fair value adjustment on acquisitions (2,807) (3,435) Unrealized gain on AFS securities and cash flow hedge — (1,953) Other (68) (222) Total liabilities (12,544) (14,258) Net deferred tax asset/(liability) $ 40,335 $ 3,328 During 2022, the Company generated a state net operating loss of $6.2 million that may be carried forward for 15 years. Additionally, the Company generated tax credits resulting in a carryforward of $9.0 million. These credits may be carried forward for 20 years. The Company expects to generate sufficient taxable income in the future to utilize the losses and credit carryforwards. Retained earnings of the Bank include approximately $12.8 million for which no deferred income tax liability has been recognized. This amount represents an allocation of previously acquired institutions income to bad debt deductions as of December 31, 1987 for tax purposes only. Reductions of amounts so allocated for purposes other than tax bad debt losses including redemption of bank stock or excess dividends, or loss of “bank” status would create income for tax purposes only, which would be subject to the then-current corporate income tax rate. The unrecorded deferred income tax liability on the above amount for the Company was approximately $2.7 million at December 31, 2022. The Company files income tax returns in the U.S. federal jurisdiction. With a few exceptions, the Company is no longer subject to U.S. federal, state and local or non-U.S. income tax examinations by tax authorities for years before 2019.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Gain (Loss)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Accumulated Other Comprehensive Gain (Loss)	Accumulated Other Comprehensive Gain (Loss) The components of accumulated other comprehensive gain (loss) included in capital are as follows: December 31 December 31 Unrealized gain (loss) on securities available for sale $ (140,144) $ 7,201 Unamortized gain on securities held to maturity, previously transferred from AFS 3,740 5,770 Unrealized gain (loss) on derivative instruments 1,976 (3,673) Tax effect 28,230 (1,953) Total accumulated other comprehensive income (loss) $ (106,198) $ 7,345

Commitments, Off-Balance Sheet

Commitments, Off-Balance Sheet Risk and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments, Off-Balance Sheet Risk and Contingencies	Commitments, Off–Balance Sheet Risk and Contingencies The Bank was not required to have any cash on deposit with the Federal Reserve Bank to meet regulatory reserve and clearing balance requirements at December 31, 2022. These balances would be included in cash and cash equivalents and would not earn interest. The Bank is a party to financial instruments with off-balance sheet risk in the ordinary course of business to meet financing needs of its customers. These financial instruments include commitments to make loans and standby letters of credit. The Bank’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to make loans and standby letters of credit is represented by the contractual amount of those instruments. The Bank follows the same credit policy to make such commitments as is followed for those loans recorded in the financial statements. At December 31, 2022 and 2021, commitments to make loans amounted to approximately $1.5 billion and $1.3 billion and commitments under outstanding standby letters of credit amounted to approximately $17.8 million and $12.7 million. Since many commitments to make loans and standby letters of credit expire without being used, the amount does not necessarily represent future cash advances. The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The Company determines the estimated amount of expected credit extensions based on historical usage to calculate the amount of exposure for a loss estimate. After review of the expected credit losses on off–balance sheet exposures, the Company determined the amount not being recorded as immaterial at this time. Collateral obtained upon exercise of the commitment is determined using management’s credit evaluation.

Regulatory Capital

Regulatory Capital	12 Months Ended
	Dec. 31, 2022
Regulatory Capital Requirements under Banking Regulations [Abstract]
Regulatory Capital	Regulatory Capital Horizon and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies and are assigned to a capital category. Failure to meet the minimum regulatory capital requirements can initiate certain mandatory and possible additional discretionary actions by regulators, which if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective actions, the Company and Bank must meet specific capital guidelines involving quantitative measures of the Bank’s assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The Company’s and Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios of total and Tier I capital to risk-weighted assets, and of Tier I capital to average assets, or leverage ratio. For December 31, 2022 and 2021, Basel III rules require the Company and Bank to maintain minimum amounts and ratios of common equity Tier I capital to risk-weighted assets. Additionally, under Basel III rules, the decision was made to opt-out of including accumulated other comprehensive income in regulatory capital. To be categorized as well capitalized, the Company and Bank must maintain minimum Total risk-based, Tier I risk-based, common equity Tier I risk- based and Tier I leverage ratios as set forth in the table below. As of December 31, 2022 and December 31, 2021, the Bank met all capital adequacy requirements to be considered well capitalized. There have been no conditions or events since the year ending December 31, 2022 that management believes have changed the Bank’s classification as well capitalized. There is no threshold for well-capitalized status for bank holding companies. As indicated in Note 1, the Company adopted ASC 326 and has elected to apply the CECL transition provisions. Horizon and the Bank’s actual and required capital ratios as of December 31, 2022 and 2021 were as follows: Actual Required for Capital Adequacy Purposes (1) Required For Capital Adequacy Purposes with Capital Buffer (1) Well Capitalized Under Prompt Corrective Action Provisions (1) Amount Ratio Amount Ratio Amount Ratio Amount Ratio December 31, 2022 Total capital (to risk–weighted assets) (1) Consolidated $ 776,390 14.37 % $ 432,172 8.00 % $ 567,226 10.50 % N/A N/A Bank 726,339 13.59 % 427,456 8.00 % 561,036 10.50 % $ 534,320 10.00 % Tier 1 capital (to risk–weighted assets) (1) Consolidated 729,835 13.51 % 324,129 6.00 % 459,183 8.50 % N/A N/A Bank 679,784 12.72 % 320,592 6.00 % 454,172 8.50 % 427,456 8.00 % Common equity tier 1 capital (to risk–weighted assets) (1) Consolidated 609,630 11.28 % 243,097 4.50 % 378,151 7.00 % N/A N/A Bank 679,784 12.72 % 240,444 4.50 % 374,024 7.00 % 347,308 6.50 % Tier 1 capital (to average assets) (1) Consolidated 729,835 10.03 % 291,122 4.00 % 291,122 4.00 % N/A N/A Bank 679,784 8.89 % 305,996 4.00 % 305,996 4.00 % 382,495 5.00 % December 31, 2021 Total capital (to risk–weighted assets) (1) Consolidated $ 708,198 15.71 % $ 360,737 8.00 % $ 473,468 10.500 % N/A N/A Bank 664,061 14.72 % 361,015 8.00 % 473,832 10.500 % $ 451,269 10.00 % Tier 1 capital (to risk–weighted assets) (1) Consolidated 661,729 14.68 % 270,553 6.00 % 383,284 8.500 % N/A N/A Bank 617,592 13.69 % 270,761 6.00 % 383,578 8.500 % 361,015 8.00 % Common equity tier 1 capital (to risk–weighted assets) (1) Consolidated 541,920 12.02 % 202,915 4.50 % 315,645 7.500 % N/A N/A Bank 617,592 13.69 % 203,071 4.50 % 315,888 7.500 % 293,325 6.50 % Tier 1 capital (to average assets) (1) Consolidated 661,729 9.05 % 292,335 4.00 % 292,335 4.000 % N/A N/A Bank 617,592 8.50 % 29,064 4.00 % 290,646 4.000 % 363,307 5.00 % (1) As defined by regulatory agencies The above minimum capital requirements exclude the capital conservation buffer required to avoid limitations on capital distributions, including dividend payments and certain discretionary bonus payments to executive officers. The capital conservation buffer was phased in by increments starting in 2016 and was fully implemented by 2019 at 2.50%. The net unrealized gain or loss on available for sale securities is not included in computing regulatory capital.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	Share–Based Compensation A summary of option activity under the Horizon Bancorp 2003 Omnibus Equity Incentive Plan (“2003 Plan”) as of December 31, 2022, and changes during the year then ended, is presented below: Shares Weighted– Weighted– Aggregate Outstanding, beginning of year 4,050 $ 7.49 Granted — — Exercised (4,050) 7.49 Forfeited — — Outstanding, end of year — — 0 $ — Exercisable, end of year — — 0 — As of December 31, 2022, there are no outstanding awards issued under the 2003 Plan On June 18, 2013, the Board of Directors adopted the Horizon Bancorp 2013 Omnibus Equity Incentive Plan (“2013 Plan”), which was approved by the Company’s shareholders on May 8, 2014. Under the 2013 Plan, Horizon may issue up to 1,556,325 common shares, plus the number of shares that are tendered to or withheld by Horizon in connection with the exercise of options plus that number of shares that are purchased by Horizon with the cash proceeds received upon option exercises. The 2013 Plan limits the number of shares available to 225,000 for incentive stock options and to 900,000 for the grant of non–option awards. The shares available for issuance under the 2013 Plan may be divided among the various types of awards and among the participants as the Committee determines. The Committee is authorized to grant any type of award to a participant that is consistent with the provisions of the 2013 Plan. Awards may consist of incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, performance units, performance shares or any combination of these awards. The Committee determines the provisions, terms and conditions of each award. The 2013 Plan was amended on May 3, 2018, upon shareholder approval, primarily to allow grants of other types of stock–based awards, such as awards valued in whole or in part by reference to the value of shares of Horizon common stock. All share data has been adjusted for the 3:2 stock split on June 15, 2018 and November 14, 2016. The restricted shares can vest over a period of time established by the Committee at the time of each grant, but the restricted shares already granted under the 2013 Plan generally vest at the end of three, four or five years of continuous employment. Holders of restricted shares receive dividends and may vote the shares. The restricted shares are recorded at fair market value (on the date granted) as a separate component of stockholders’ equity. The cost of these shares is being amortized against earnings using the straight–line method over the vesting period. The performance shares that are awarded become earned and vested based on the achievement of certain performance goals during a performance period as established by the Committee at the time of each grant. The performance goals under the presently–awarded grant agreements are based on a comparison of the Company’s average performance over the performance period for the return on common equity, compounded annual growth rate of total assets, and return on average assets, all as relative to the average performance for publicly traded banks with total assets between $1 billion and $5 billion on the SNL Bank Index. Holders of performance share awards receive pass–through dividends but do not have any voting rights before the performance shares are earned and vested. The options shares granted under the 2013 Plan vest at a rate designated per the individual agreements. The fair value of options granted is estimated on the date of the grant using an option–pricing model. There have been no options granted since 2019. A summary of option activity under the 2013 Plan as of December 31, 2022, and changes during the year then ended, is presented below: Shares Weighted– Weighted– Aggregate Outstanding, beginning of year 200,878 $ 14.46 Granted — — Exercised (32,365) 13.51 Forfeited (500) 16.76 Outstanding, end of year 168,013 14.64 3.92 $ 339,389 Exercisable, end of year 168,013 14.64 3.92 339,389 There have been no options granted during the years 2022, 2021 and 2020. On January 19, 2021, the Board of Directors adopted the Horizon Bancorp 2021 Omnibus Equity Incentive Plan (“2021 Plan”), which was approved by the Company’s shareholders on May 6, 2021. Under the 2021 Plan, Horizon may issue up to 1,787,548 common shares, plus the number of shares that are tendered to or withheld by Horizon in connection with the exercise of options plus that number of shares that are purchased by Horizon with the cash proceeds received upon option exercises. The Committee is authorized to grant any type of award to a participant that is consistent with the provisions of the 2021 Plan. Awards may consist of incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, performance units, performance shares or any combination of these awards. The Committee determines the provisions, terms and conditions of each award. The restricted shares can vest over a period of time established by the Committee at the time of each grant, but the restricted shares already granted under the 2021 Plan generally vest at the end of three, four or five years of continuous employment. Holders of restricted shares receive dividends and may vote the shares. The restricted shares are recorded at fair market value (on the date granted) as a separate component of stockholders’ equity. The cost of these shares is being amortized against earnings using the straight–line method over the vesting period. The performance shares that are awarded become earned and vested based on the achievement of certain performance goals during a performance period as established by the Committee at the time of each grant. The performance goals under the presently–awarded grant agreements are based on a comparison of the Company’s average performance over the performance period for the return on common equity, compounded annual growth rate of total assets, and return on average assets, all as relative to the average performance for publicly traded banks with total assets between $5 billion and $10 billion on the SNL Bank Index. Holders of performance awards receive pass–through dividends but do not have any voting rights before the performance shares are earned and vested. The option shares granted under the 2021 Plan vest at a rate designated per the individual agreements. A summary of the status of Horizon’s non–vested restricted and performance shares as of December 31, 2022 are presented below: Shares Weighted Non–vested, beginning of year 423,309 $ 14.78 Vested (97,014) 16.63 Granted 220,073 19.90 Forfeited (25,909) 14.31 Non–vested, end of year 520,459 16.45 Compensation expense recognized in the income statement for option–based payment arrangements during 2022, 2021 and 2020 was $13,000, $68,000 and $132,000. The recognized tax benefit related thereto was approximately $3,000, $14,000 and $28,000 for the years ended December 31, 2022, 2021 and 2020. No stock options were granted during 2022 or 2021. Compensation expense recognized in the income statement for restricted share and performance share based payment arrangements during 2022, 2021 and 2020 was $2.5 million, $1.8 million, and $1.2 million. The recognized tax benefit related thereto was approximately $517,000, $368,000, and $253,000 for the years ended December 31, 2022, 2021 and 2020. Cash received from option exercise under all share–based payment arrangements for the years ended December 31, 2022, 2021 and 2020 was $145,000, $1.1 million, and $255,000. The actual tax benefit realized for the tax deductions from option exercise of the share–based payment arrangements totaled $126,000, $334,000, and $59,000, for the years ended December 31, 2022, 2021 and 2020. As of December 31, 2022, there was $4.8 million of total unrecognized compensation cost related to all non–vested share–based compensation arrangements granted under all of the plans. That cost is expected to be recognized over a weighted–average period of 2.75 years. Under all plans, forfeitures of share–based compensation grants are recognized as they occur.

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Cash Flow Hedges As a strategy to maintain acceptable levels of exposure to the risk of changes in future cash flow due to interest rate fluctuations, the Company entered into an interest rate swap agreement for a portion of its floating rate debt which matured on December 16, 2021. The agreement provided for the Company to receive interest from the counterparty at three months LIBOR and to pay interest to the counterparty at a weighted average fixed rate of 4.20% on a notional amount of $12.0 million. Under the agreement, the Company paid or received the net interest amount monthly, with the monthly settlements included in interest expense. The Company assumed an additional interest rate swap agreement as the result of the LaPorte acquisition in July 2016 which matured on March 15, 2021. The agreement provided for the Company to receive interest from the counterparty at one month LIBOR and to pay interest to the counterparty at a weighted average rate of 2.62% on a notional amount of $10.0 million. Under the agreement, the Company paid or received the net interest amount monthly, with the monthly settlements included in interest expense. On July 20, 2018, the Company entered into an interest rate swap agreement for an additional portion of its floating rate debt. The agreement provides for the Company to receive interest from the counterparty at one month LIBOR and to pay interest to the counter party at a rate of 2.81% on a notional amount of $50.0 million at December 31, 2022 and 2021. Under the agreement, the Company pays or receives the net interest amount monthly, with the monthly settlements included in interest expense. Management has designated the interest rate swap agreements as cash flow hedging instruments. For derivative instruments that are designated and qualify as a cash flow hedge, the effective portion of the gain or loss on the derivative is reported as a component of other comprehensive income and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. At December 31, 2022, the Company’s cash flow hedge was effective and is not expected to have a significant impact on the Company’s net income over the next 12 months. The following tables present a summary of interest rate swap derivatives designated as cash flow accounting hedges of variable rate liabilities used in the Company's asset/liability management activities at December 31, 2022 and 2021. December 31, 2022 Weighted Average Rate Cash Flow Hedges Notional Weighted Average Remaining Maturity (years) Fair Value Receive Pay Interest rate swaps $ 50,000 3.6 years $ 1,976 1 month LIBOR 2.81 % December 31, 2021 Weighted Average Rate Cash Flow Hedges Notional Weighted Average Remaining Maturity (years) Fair Value Receive Pay Interest rate swaps $ 50,000 4.6 years $ (3,673) 1 month LIBOR 2.81 % Fair Value Hedges Fair value hedges are intended to reduce the interest rate risk associated with the underlying hedged item. The Company enters into fixed rate loan agreements as part of its lending policy. To mitigate the risk of changes in fair value based on fluctuations in interest rates, the Company has entered into interest rate swap agreements on individual loans, converting the fixed rate loans to a variable rate. The Company has also entered into interest rate swap agreements on individual security agreements, converting the fixed rate security to a variable rate. At December 31, 2022, the Company’s fair value hedges were effective and are not expected to have a significant impact on the Company’s net income over the next 12 months. The change in fair value of both the hedge instruments and the underlying loan and security agreements are recorded as gains or losses in non–interest income. The fair value hedges are considered to be highly effective. The notional amounts of the loan and security agreements being hedged were $514.6 million at December 31, 2022 and $489.0 million at December 31, 2021. Other Derivative Instruments The Company enters into non–hedging derivatives in the form of mortgage loan forward sale commitments with investors and commitments to originate mortgage loans as part of its mortgage banking business. At December 31, 2022, the Company’s fair values of these derivatives were recorded and over the next 12 months are not expected to have a significant impact on the Company’s net income. The change in fair value of both the forward sale commitments and commitments to originate mortgage loans were recorded and the net gains or losses included in the Company’s gain on sale of loans. The following tables summarize the fair value of derivative financial instruments utilized by Horizon: Asset Derivatives Liability Derivatives December 31, 2022 December 31, 2022 Notional Fair Notional Fair Derivatives designated as hedging instruments Interest rate contracts – cash flow hedges $ 50,000 $ 1,976 $ — $ — Total derivatives designated as hedging instruments 50,000 1,976 — — Derivatives not designated as hedging instruments Interest rate contracts – fair value hedges 514,551 42,619 514,551 42,619 Mortgage loan contracts — — 13,800 50 Commitments to originate mortgage loans 12,179 284 — — Total derivatives not designated as hedging instruments 526,730 42,903 528,351 42,669 Total derivatives $ 576,730 $ 44,879 $ 528,351 $ 42,669 Asset Derivatives Liability Derivatives December 31, 2021 December 31, 2021 Notional Fair Notional Fair 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 hedge 488,967 14,419 488,967 14,419 Mortgage loan contracts — — 43,630 238 Commitments to originate mortgage loans 32,584 1,037 — — Total derivatives not designated as hedging instruments 521,551 15,456 532,597 14,657 Total derivatives $ 521,551 $ 15,456 $ 582,597 $ 18,330 The effect of the derivative instruments on the consolidated statement of comprehensive income (loss) for the 12–month periods ended December 31 is as follows: Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivative Years Ended December 31 2022 2021 2020 Derivatives in cash flow hedging relationship Interest rate contracts $ 4,463 $ 3,610 $ (3,004) The effect of the derivative instruments on the consolidated statements of income for the 12–month periods ended December 31 is as follows: Location of gain (loss) recognized on derivative Amount of Gain (Loss) Recognized on Derivative Years Ended December 31 2022 2021 2020 Derivative designated as hedging instruments Interest rate contracts – cash flow hedges Interest expense – $ (628) $ (1,901) $ (1,838) Total $ (628) $ (1,901) $ (1,838) Location of gain Amount of Gain (Loss) Recognized on Derivative Years Ended December 31 2022 2021 2020 Derivative not designated as hedging instruments Interest rate contracts – fair value hedge Interest income – loans receivable $ (39) $ (372) $ (223) Interest rate contracts – fair value hedge Interest income – investment securities (99) (267) (183) Mortgage loan contracts Non–interest income 188 (238) 38 Commitments to originate mortgage loans Non–interest income (753) (8) 781 Total $ (703) $ (885) $ 413

Disclosures about fair value of

Disclosures about fair value of assets and liabilities	12 Months Ended
	Dec. 31, 2022
Text Block [Abstract]
Disclosures about fair value of assets and liabilities	Disclosures about fair value of assets and liabilities The Fair Value Measurements topic of the FASB ASC defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. There are three levels of inputs that may be used to measure fair value: Level 1 Quoted prices in active markets for identical assets or liabilities Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities Following is a description of the valuation methodologies used for instruments measured at fair value on a recurring basis and recognized in the accompanying consolidated financial statements, as well as the general classification of such instruments pursuant to the valuation hierarchy. There have been no significant changes in the valuation techniques during the period ended December 31, 2022. Available for sale securities When quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. Level 2 securities include U.S. Treasury and federal agency securities, state and municipal securities, federal agency mortgage obligations and mortgage–backed pools, private–label mortgage–backed pools and corporate notes. Level 2 securities are valued by a third party pricing service commonly used in the banking industry utilizing observable inputs. Observable inputs include dealer quotes, market spreads, cash flow analysis, the U.S. Treasury yield curve, trade execution data, market consensus prepayment spreads and available credit information and the bond’s terms and conditions. The pricing provider utilizes evaluated pricing models that vary based on asset class. These models incorporate available market information including quoted prices of securities with similar characteristics and, because many fixed–income securities do not trade on a daily basis, apply available information through processes such as benchmark curves, benchmarking of like securities, sector grouping, and matrix pricing. In addition, model processes, such as an option adjusted spread model is used to develop prepayment and interest rate scenarios for securities with prepayment features. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy and include state and municipal securities, U.S. Government–sponsored mortgage–backed securities and corporate securities. Level 3 fair value for securities was determined using grid pricing that incorporates market estimates based on interest rates, maturity dates, coupon rates and ratings. Level 3 fair value for securities that have little to no market activity can also be priced at book value for lack of another reasonable pricing source or methodology. Hedged loans Certain fixed rate loans have been converted to variable rate loans by entering into interest rate swap agreements. The fair value of those fixed rate loans is based on discounting the estimated cash flows using interest rates determined by the respective interest rate swap agreement. Loans are classified within Level 2 of the valuation hierarchy based on the unobservable inputs used. Interest rate swap agreements The fair value of the Company’s interest rate swap agreements is estimated by a third party using inputs that are primarily unobservable including a yield curve, adjusted for liquidity and credit risk, contracted terms and discounted cash flow analysis, and therefore, are classified within Level 2 of the valuation hierarchy. The following table presents the fair value measurements of assets and liabilities recognized in the accompanying financial statements measured at fair value on a recurring basis and the level within the FASB ASC fair value hierarchy in which the fair value measurements fall at the following: December 31, 2022 Fair Value Quoted Prices in Significant Significant Available for sale securities U.S. Treasury and federal agencies $ 267,179 $ — $ 267,179 $ — State and municipal 433,544 — 433,544 — Federal agency collateralized mortgage obligations 31,215 — 31,215 — Federal agency mortgage–backed pools 190,656 — 190,656 — Corporate notes 74,964 — 74,964 — Total available for sale securities 997,558 — 997,558 — Interest rate swap agreements asset 44,595 — 44,595 — Commitments to originate mortgage loans 284 — 284 — Interest rate swap agreements liability (42,619) — (42,619) — Mortgage loan contracts (50) — (50) — December 31, 2021 Fair Value Quoted Prices in Significant Significant Available for sale securities U.S. Treasury and federal agencies $ 116,979 $ — $ 116,979 $ — State and municipal 639,746 — 519,282 120,464 Federal agency collateralized mortgage obligations 61,577 — 61,577 — Federal agency mortgage–backed pools 257,691 — 257,691 — Corporate notes 84,819 — 79,787 5,032 Total available for sale securities 1,160,812 — 1,035,316 125,496 Interest rate swap agreements asset 14,419 — 14,419 — Commitments to originate mortgage loans 1,037 — 1,037 — Interest rate swap agreements liability (18,092) — (18,092) — Mortgage loan contracts (238) — (238) — The following is a reconciliation of the beginning and ending balances of recurring fair value measurements recognized in the accompanying balance sheets using significant unobservable Level 3 inputs for the year ended December 31, 2022. Available for Sale Securities Years Ended December 31 2022 2021 Beginning balance $ 125,496 $ — Transfer to Level 2 (125,496) — Included in other comprehensive income — (134) Purchases, issuances and settlements — 125,630 Principal payments — — Ending balance $ — $ 125,496 Certain other assets are measured at fair value on a nonrecurring basis in the ordinary course of business and are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment): Fair Quoted Prices in Significant Significant December 31, 2022 Collateral dependent loans $ 8,091 $ — $ — $ 8,091 December 31, 2021 Collateral dependent loans $ 15,176 $ — $ — $ 15,176 Mortgage servicing rights 15,186 — — 15,186 Collateral Dependent Loans: For loans identified as collateral dependent, then the fair value method of measuring the amount of impairment is utilized. This method requires obtaining a current independent appraisal of the collateral and applying a discount factor to the value. Collateral dependent loans are classified within Level 3 of the fair value hierarchy when impairment is determined using the fair value method. Mortgage Servicing Rights (MSRs): MSRs do not trade in an active market with readily observable prices. Accordingly, the fair value of these assets is classified as Level 3. The Company's fair value of MSRs is calculated by pooling loans into buckets of homogeneous characteristics and performing a present value analysis of the future cash flows. The buckets are created based on individual loans characteristics such as loan age, note rate, product type, and the investor remittance schedule. For each individual buckets the Company models the unique expected future cash flow. The model utilizes assumptions to estimate future cash flow, including estimates of prepayment, discount rates, servicing costs, ancillary income, escrow calculations and delinquencies. The Company reviews the valuation assumptions against this market data for reasonableness and adjusts the assumptions if deemed appropriate. The following table presents qualitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements, other than goodwill, at December 31, 2022 and 2021. December 31, 2022 Fair Valuation Unobservable Range Collateral dependent loans $ 8,091 Collateral based measurement Discount to reflect current market conditions and ultimate collectability 0.0%–100.0% (13.3%) December 31, 2021 Fair Valuation Unobservable Range State and municipal securities $ 120,464 Grid pricing Maturity date, 1 month–16 years, 2.05% Corporate securities 5,032 Grid pricing Maturity date, 9 years–17 years, 3.97% Collateral dependent loans $ 15,176 Collateral based measurement Discount to reflect current market conditions and ultimate collectability 0.0%–54.0% (4.8%) Mortgage servicing rights 15,186 Discounted cash flows Discount rate, 8.0%–8.0% (8.0%), 8.4%–14.6% (11.6%), 0.0%–2.0%(0.4%)

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial InstrumentsThe estimated fair value amounts of the Company’s financial instruments were determined using available market information, current pricing information applicable to Horizon and various valuation methodologies. Where market quotations were not available, considerable management judgment was involved in the determination of estimated fair values. Therefore, the estimated fair value of financial instruments shown below may not be representative of the amounts at which they could be exchanged in a current or future transaction. Due to the inherent uncertainties of expected cash flows of financial instruments, the use of alternate valuation assumptions and methods could have a significant effect on the estimated fair value amounts. The estimated fair values of financial instruments, as shown below, are not intended to reflect the estimated liquidation or market value of Horizon taken as a whole. The disclosed fair value estimates are limited to Horizon’s significant financial instruments at December 31, 2022 and December 31, 2021. These include financial instruments recognized as assets and liabilities on the consolidated balance sheet as well as certain off-balance sheet financial instruments. The estimated fair values shown below do not include any valuation of assets and liabilities which are not financial instruments as defined by the FASB ASC fair value hierarchy. The following methods and assumptions were used to estimate the fair value of each class of financial instrument: Cash and Due from Banks — The carrying amounts approximate fair value. Held to Maturity Securities — For debt securities held to maturity, fair values are based on quoted market prices or dealer quotes. For those securities where a quoted market price is not available, carrying amount is a reasonable estimate of fair value based upon comparison with similar securities. Loans Held for Sale — The carrying amounts approximate fair value. Net Loans — The fair value of net loans are estimated on an exit price basis incorporating discounts for credit, liquidity and marketability factors. FHLB Stock — Fair value of FHLB stock is based on the price at which it may be resold to the FHLB Interest Receivable/Payable — The carrying amounts approximate fair value. Deposits — The fair value of demand deposits, savings accounts, interest bearing checking accounts and money market deposits is the amount payable on demand at the reporting date. The fair value of fixed maturity certificates of deposit is estimated by discounting the future cash flows using rates currently offered for deposits of similar remaining maturity. Borrowings — Rates currently available to Horizon for debt with similar terms and remaining maturities are used to estimate fair values of existing borrowings. Subordinated Notes — The fair value of subordinated notes is based on discounted cash flows based on current borrowing rates for similar types of instruments. Junior Subordinated Debentures to Capital Trusts — Rates currently available for debentures with similar terms and remaining maturities are used to estimate fair values of existing debentures. Commitments to Extend Credit and Standby Letters of Credit — The fair value of commitments is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed–rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of letters of credit is based on fees currently charged for similar agreements or on the estimated cost to terminate them or otherwise settle the obligations with the counterparties at the reporting date. Due to the short-term nature of these agreements, carrying amounts approximate fair value. The following table presents estimated fair values of the Company’s financial instruments and the level within the fair value hierarchy in which the fair value measurements fall. December 31, 2022 Carrying Quoted Prices in Significant Significant Assets Cash and due from banks $ 123,505 $ 123,505 $ — $ — Interest–earning time deposits 2,812 — 2,778 — Investment securities, held to maturity 2,022,748 — 1,681,309 — Loans held for sale 5,807 — — 5,807 Loans (excluding loan level hedges), net 4,107,534 — — 3,852,458 Stock in FHLB 26,677 — 26,677 — Interest receivable 35,294 — 35,294 — Liabilities Non–interest bearing deposits $ 1,277,768 $ 1,277,768 $ — $ — Interest bearing deposits 4,580,006 — 4,100,154 — Borrowings 1,142,949 — 1,139,926 — Subordinated notes 58,896 — 56,496 — Junior subordinated debentures issued to capital trusts 57,027 — 51,327 — Interest payable 5,380 — 5,380 — December 31, 2021 Carrying Quoted Prices in Significant Significant Assets Cash and due from banks $ 593,508 $ 593,508 $ — $ — Interest–earning time deposits 4,782 — 4,861 — Investment securities, held to maturity 1,552,443 — 1,513,520 46,471 Loans held for sale 12,579 — — 12,579 Loans (excluding loan level hedges), net 3,604,248 — — 3,513,346 Stock in FHLB 24,440 — 24,440 — Interest receivable 26,137 — 26,137 — Liabilities Non–interest bearing deposits $ 1,360,338 $ 1,360,338 $ — $ — Interest bearing deposits 4,442,653 — 4,369,011 — Borrowings 712,739 — 708,275 — Subordinated notes 58,750 — 57,906 — Junior subordinated debentures issued to capital trusts 56,785 — 53,420 — Interest payable 2,235 — 2,235 —

General Litigation

General Litigation	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
General Litigation	General LitigationThe Company is subject to claims and lawsuits that arise primarily in the ordinary course of business. It is the opinion of management that the disposition or ultimate resolution of such claims and lawsuits will not have a material adverse effect on the consolidated financial position, results of operations and cash flows of the Company.

Condensed Financial Information

Condensed Financial Information (Parent Company Only)	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
Condensed Financial Information (Parent Company Only)	Condensed Financial Information (Parent Company Only) Presented below is condensed financial information as to financial position, results of operations and cash flows of Horizon Bancorp, Inc.: Condensed Balance Sheets December 31 December 31 Assets Total cash and cash equivalents $ 54,097 $ 53,907 Investment in subsidiaries 748,983 796,054 Other assets 10,519 9,510 Total assets $ 813,599 $ 859,471 Liabilities Subordinated notes $ 58,896 $ 58,750 Junior subordinated debentures issued to capital trusts 57,027 56,785 Other liabilities 20,301 20,727 Stockholders’ Equity 677,375 723,209 Total liabilities and stockholders’ equity $ 813,599 $ 859,471 Condensed Statements of Income Years Ended December 31 2022 2021 2020 Operating Income (Expense) Dividend income from subsidiaries $ 34,750 $ 22,500 $ 61,400 Other income 45 25 106 Interest expense (6,258) (5,767) (4,483) Salaries and employee benefits (2,551) (1,890) (1,997) Other expense (411) (591) (517) Income Before Undistributed Income of Subsidiaries 25,575 14,277 54,509 Undistributed Income of Subsidiaries 66,473 71,439 13,131 Income Before Tax 92,048 85,716 67,640 Income Tax Benefit 1,360 1,375 859 Net Income Available to Common Shareholders $ 93,408 $ 87,091 $ 68,499 Condensed Statements of Comprehensive Income (Loss) Years Ended December 31 2022 2021 2020 Net Income $ 93,408 $ 87,091 $ 68,499 Other Comprehensive Income (Loss) Change in fair value of derivative instruments, net of taxes 4,463 3,610 (3,004) Unrealized gain (loss) for the period on held to maturity securities, net of taxes (1,603) 4,687 (46) Unrealized gain (loss) on available for sale securities, net of taxes (116,403) (28,082) 27,865 Less: reclassification adjustment for realized gains included in net income, net of taxes — (722) (3,395) (113,543) (20,507) 21,420 Comprehensive Income (Loss) $ (20,135) $ 66,584 $ 89,919 Condensed Statements of Cash Flows Years Ended December 31 2022 2021 2020 Operating Activities Net income $ 93,408 $ 87,091 $ 68,499 Items not requiring (providing) cash Equity in undistributed net income of subsidiaries (66,473) (71,439) (13,131) Change in: Share based compensation 2,475 1,819 1,338 Other assets (284) 730 (20) Other liabilities 120 946 (14) Net cash provided by operating activities 29,246 19,147 56,672 Investing Activities Capital contribution to subsidiary — (60,000) — Net cash used in investing activities — (60,000) — Financing Activities Other change in borrowings 388 384 16 Repurchase of outstanding stock — (7,607) (19,636) Dividends paid on common shares (27,765) (24,768) (21,183) Proceeds from issuance of stock — — 1,233 Net settlement of share awards (1,824) (1,355) — Stock option exercises 145 1,062 157 Net proceeds from issuance of subordinated notes — — 58,824 Net cash (used in) provided by financing activities (29,056) (32,284) 19,411 Net Change in Cash and Cash Equivalents 190 (73,137) 76,083 Cash and Cash Equivalents at Beginning of Year 53,907 127,044 50,961 Cash and Cash Equivalents at End of Year $ 54,097 $ 53,907 $ 127,044

Nature of Operations and Summ_2

Nature of Operations and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	Nature of Business — The consolidated financial statements of Horizon Bancorp, Inc. (“Horizon”) and its wholly owned subsidiaries, Horizon Bank (“Bank”) and Horizon Risk Management, Inc., together referred to as “Horizon,” conform to accounting principles generally accepted in the United States of America and reporting practices followed by the banking industry. Horizon Risk Management, Inc. is a captive insurance company incorporated in Nevada and was formed as a wholly owned subsidiary of Horizon. The Bank is a full–service commercial bank offering a broad range of commercial and retail banking and other services incident to banking along with a trust department that offers corporate and individual trust and agency services and investment management services. The Bank maintains 71 full service offices. The Bank has wholly owned direct and indirect subsidiaries: Horizon Investments, Inc. (“Horizon Investments”), Horizon Properties, Inc. (“Horizon Properties”), Horizon Insurance Services, Inc. (“Horizon Insurance”) and Horizon Grantor Trust. Horizon Investments manages the investment portfolio of the Bank. Horizon Properties manages the real estate investment trust. Horizon Insurance is used by the Company’s Wealth Management to sell certain insurance products. Horizon Grantor Trust holds title to certain company owned life insurance policies. Horizon conducts no business except that incident to its ownership of the subsidiaries. Horizon formed Horizon Bancorp Capital Trust II in 2004 (“Trust II”) and Horizon Bancorp Capital Trust III in 2006 (“Trust III”) for the purpose of participating in pooled trust preferred securities offerings. The Company assumed additional debentures as the result of the following acquisitions: Alliance Financial Corporation in 2005, which formed Alliance Financial Statutory Trust I (“Alliance Trust”); American Trust & Savings Bank in 2010, which formed Am Tru Statutory Trust I (“Am Tru Trust”); Heartland Bancshares, Inc. in 2013, which formed Heartland (IN) Statutory Trust II (“Heartland Trust”); LaPorte Bancorp, Inc. in 2016, which had acquired City Savings Statutory Trust I (“City Savings Trust”); and Salin Bancshares, Inc. in 2019, which formed Salin Statutory Trust I (“Salin Trust”). See Note 15 of the Consolidated Financial Statements for further discussion regarding these previously consolidated entities that are now reported separately. The business of Horizon is not seasonal to any material degree.
Basis of Reporting	Basis of Reporting — The consolidated financial statements include the accounts of Horizon and subsidiaries. All material inter-company accounts and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates — The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Estimates that are particularly susceptible to significant change relate to the determination of the allowance for credit losses, valuation of other real estate owned, goodwill and intangible assets, mortgage servicing rights and fair values of financial instruments.
Business Combinations	Business Combinations — Business combinations are accounted for using the acquisition method of accounting. The accounts of an acquired entity are included as of the date of acquisition, and any excess of purchase price over the fair value of the net assets acquired is capitalized as goodwill. Horizon typically issues Common Stock and/or pays cash for an acquisition, depending on the terms of the acquisition agreement. The value of Common Stock issued is determined based on the market price of the stock as of the closing of the acquisition. Acquisition costs are expensed when incurred.
Cash and Cash Equivalents	Cash and Cash Equivalents — Cash and cash equivalents includes cash, deposits with other financial institutions with original maturities under 90 days, and federal funds sold.
Fair Value Measurements	Fair Value Measurements — Horizon uses fair value measurements to record fair value adjustments, to certain assets, and liabilities and to determine fair value disclosures. Horizon has adopted Accounting Standards Codification (ASC) 820, Fair Value Measurements and Disclosures for all applicable financial and nonfinancial assets and liabilities. This accounting guidance defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. This guidance applies only when other guidance requires or permits assets or liabilities to be measured at fair value; it does not expand the use of fair value in any new circumstances. As defined in codification, fair value is the price to sell an asset or transfer a liability in an orderly transaction between market participants. It represents an exit price at the measurement date. Market participants are buyers and sellers, who are independent, knowledgeable, and willing and able to transact in the principal (or most advantageous) market for the asset or liability being measured. Current market conditions, including imbalances between supply and demand, are considered in determining fair value. Horizon values its assets and liabilities in the principal market where it sells the particular asset or transfers the liability with the greatest volume and level of activity. In the absence of a principal market, the valuation is based on the most advantageous market for the asset or liability (i.e., the market where the asset could be sold or the liability transferred at a price that maximizes the amount to be received for the asset or minimizes the amount to be paid to transfer the liability). In measuring the fair value of an asset, Horizon assumes the highest and best use of the asset by a market participant to maximize the value of the asset, and does not consider the intended use of the asset. When measuring the fair value of a liability, Horizon assumes that the nonperformance risk associated with the liability is the same before and after the transfer. Nonperformance risk is the risk that an obligation will not be satisfied and encompasses not only Horizon’s own credit risk (i.e., the risk that Horizon will fail to meet its obligation), but also other risks such as settlement risk. Horizon considers the effect of its own credit risk on the fair value for any period in which fair value is measured. There are three acceptable valuation techniques that can be used to measure fair value: the market approach, the income approach and the cost approach. Selection of the appropriate technique for valuing a particular asset or liability takes into consideration the exit market, the nature of the asset or liability being valued, and how a market participant would value the same asset or liability. Ultimately, determination of the appropriate valuation method requires significant judgment, and sufficient knowledge and expertise are required to apply the valuation techniques. Valuation inputs refer to the assumptions market participants would use in pricing a given asset or liability using one of the three valuation techniques. Inputs can be observable or unobservable. Observable inputs are those assumptions which market participants would use in pricing the particular asset or liability. These inputs are based on market data and are obtained from a source independent of Horizon. Unobservable inputs are assumptions based on Horizon’s own information or estimate of assumptions used by market participants in pricing the asset or liability. Unobservable inputs are based on the best and most current information available on the measurement date. All inputs, whether observable or unobservable, are ranked in accordance with a prescribed fair value hierarchy which gives the highest ranking to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest ranking to unobservable inputs (Level 3). Fair values for assets or liabilities classified as Level 2 are based on one or a combination of the following factors: (i) quoted prices for similar assets; (ii) observable inputs for the asset or liability, such as interest rates or yield curves; or (iii) inputs derived principally from or corroborated by observable market data. The level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The Company considers an input to be significant if it drives 10% or more of the total fair value of a particular asset or liability. Assets and liabilities are considered to be fair valued on a recurring basis if fair value is measured regularly (i.e., daily, weekly, monthly or quarterly). Recurring valuation occurs at a minimum on the measurement date. Assets and liabilities are considered to be fair valued on a nonrecurring basis if the fair value measurement of the instrument does not necessarily result in a change in the amount recorded on the balance sheet. Generally, nonrecurring valuation is the result of the application of other accounting pronouncements which require assets or liabilities to be assessed for impairment or recorded at the lower of cost or fair value. The fair value of assets or liabilities transferred in or out of Level 3 is measured on the transfer date, with any additional changes in fair value subsequent to the transfer considered to be realized or unrealized gains or losses.
Investment Securities Available for Sale	Investment Securities Available for Sale — Horizon designates the majority of its investment portfolio as available for sale based on management’s plans to use such securities for asset and liability management, liquidity and not to hold such securities as long-term investments. Management repositions the portfolio to take advantage of future expected interest rate trends when Horizon’s long-term profitability can be enhanced. Investment securities available for sale and marketable equity securities are carried at estimated fair value and any net unrealized gains/losses (after tax) on these securities are included in accumulated other comprehensive income. Amortization of premiums and accretion of discounts are recorded as interest income from securities. Gains/losses on the disposition of securities available for sale are recognized at the time of the transaction and are determined by the specific identification method.
Investment Securities Held to Maturity	Investment Securities Held to Maturity — Includes any security for which Horizon has the positive intent and ability to hold until maturity. These securities are carried at amortized cost.
Loans and Loans Held for Sale	Loans — Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost. Amortized cost is the principal balance outstanding, net of purchase premiums and discounts, deferred loan fees and costs. Accrued interest receivable totaling $17.5 million and $11.5 million at December 31, 2022 and 2021 was excluded from the Allowance for Credit Losses (“ACL”) calculation and was reported in accrued interest receivable on the consolidated balance sheet. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the effective yield method without anticipating prepayments. Interest on commercial, mortgage and installment loans is recognized over the term of the loans based on the principal amount outstanding. When principal or interest is past due 90 days or more, and the loan is not well secured or in the process of collection, or when serious doubt exists as to the collectability of a loan, the accrual of interest is discontinued. Loan origination fees, net of direct loan origination costs, are deferred and recognized over the life of the loan as a yield adjustment. Discounts and premiums on purchased loans are amortized to income using the interest method over the remaining period to contractual maturity, adjusted for anticipated prepayments. From time to time, the Bank obtains information that may lead management to believe that the collection of payments may be doubtful on a particular loan. In recognition of this, it is management's policy to convert the loan from an “earning asset” to a non–accruing loan. The entire balance of a loan is considered delinquent if the minimum payment contractually required to be made is not received by the specified due date. Further, it is management's policy to generally place a loan on non–accrual status when the payment is delinquent in excess of 90 days or the loan has had the accrual of interest discontinued by management. The officer responsible for the loan and the Chief Commercial Banking and/or the Chief Operations Officer must review all loans placed on non–accrual status. Subsequent payments on non–accrual loans are recorded as a reduction of principal, and interest income is recorded only after principal recovery is reasonably assured. Non–accrual loans are returned to accrual status when, in the opinion of management, the financial position of the borrower indicates there is no longer any reasonable doubt as to the timely collection of interest or principal in accordance with the loan terms. The Company requires a period of satisfactory performance of not less than six months before returning a non–accrual loan to accrual status. Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals and modifications unless either of the following applies: management has a reasonable expectation at the reporting date that a troubled debt restructuring will be executed with an individual borrower or the extension or renewal options are included in the original or modified contract at the reporting date and are not unconditionally cancellable by the Company. Consistent with regulatory guidance, charge–offs on all loan segments are taken when specific loans, or portions thereof, are considered uncollectible. The Company's policy is to promptly charge these loans off in the period the uncollectible loss is reasonably determined. For all loan portfolio segments except 1–4 family residential properties and consumer, the Company promptly charges off loans, or portions thereof, when available information confirms that specific loans are uncollectible based on information that includes, but is not limited to, (1) the deteriorating financial condition of the borrower, (2) declining collateral values, and/or (3) legal action, including bankruptcy, that impairs the borrower's ability to adequately meet its obligations. For impaired loans that are considered to be solely collateral dependent, a partial charge–off is recorded when a loss has been confirmed by an updated appraisal or other appropriate valuation of the collateral. The Company charges off 1–4 family residential and consumer loans, or portions thereof, when the Company reasonably determines the amount of the loss. The Company adheres to timeframes established by applicable regulatory guidance which provides for the charge–down or specific allocation of family first and junior lien mortgages to the net realizable value less costs to sell when the value is known but no later than when a loan is 180 days past due. Pursuant to such guidelines, the Company also charges off unsecured open–end loans when the loan is contractually 90 days past due. Loans at these respective delinquency thresholds for which the Company can clearly document that the loan is both well–secured and in the process of collection, such that collection in full will occur regardless of delinquency status, are not charged off. A loan is individually evaluated when, based on current information, a creditor may be experiencing financial difficulty and repayment is substantially expected through operation or sale of collateral. For collateral–dependent assets individually evaluated, the Company utilizes, as a practical expedient, the fair value of collateral, adjusted for estimated costs to sell, when determining the allowance for credit losses. Smaller–balance, homogeneous loans are evaluated in total. Such loans include residential first mortgage loans secured by 1–4 family residences, residential construction loans, automobile, home equity, second mortgage loans and mortgage warehouse loans. Commercial loans and mortgage loans secured by other properties are evaluated individually. Loans Held for Sale — Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to non–interest income. Gains and losses on loan sales are recorded in non–interest income, and direct loan origination costs and fees are deferred at origination of the loan and are recognized in non–interest income upon sale of the loan.
Purchased Credit Deteriorated Loans	Purchased Credit Deteriorated (“PCD”) Loans — The Company has purchased loans, some of which have experienced credit deterioration since origination. PCD loans are recorded at the amount paid. An ACL on loans is determined using the same methodology as other loans held for investment. The initial ACL on loans determined on a collective basis is allocated to individual loans. The sum of the loan’s purchase price and ACL on loans becomes its initial amortized cost basis. The difference between the initial amortized cost basis and the par value of the loan is a noncredit discount or premium, which is amortized or accreted into interest income over the remaining life of the loan. Subsequent changes to the ACL on loans are recorded through credit loss expense.
Concentrations of Credit Risk	Concentrations of Credit Risk — The Bank grants commercial, real estate, and consumer loans to customers located primarily in the northern and central regions of Indiana and the southern and central regions of Michigan and provides mortgage warehouse lines to mortgage companies in the United States. Commercial loans make up approximately 59% of the loan portfolio and are secured by both real estate and business assets. These loans are expected to be repaid from cash flows from operations of the businesses. The Bank does not have a concentration in speculative commercial real estate loans. Residential real estate loans make up approximately 16% of the loan portfolio and are secured by residential real estate. Installment loans make up approximately 23% of the loan portfolio and are primarily secured by consumer assets. Mortgage warehouse loans make up approximately 2% of the loan portfolio and are secured by residential real estate.
Allowance for Loan Losses	Allowance for Credit Losses (“ACL”) on Loans — The ACL on loans is a valuation account that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the ACL when management believes the loan balance is confirmed to be no longer collectible. Expected recoveries do not exceed the aggregate of amounts previously charged off and expected to be charged off. Management estimates the ACL balance using relevant information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are made for differences in current loan–specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency level, or term as well as for changes in environmental conditions, changes in economic conditions, or other relevant factors. The Company considers the following when estimating credit losses: 1) available information relevant to assessing the collectibility of cash flows including internal information, external information or a combination of both relating to past events, current conditions and reasonable and supportable forecasts; 2) relevant qualitative and quantitative factors relating to the environment in which the Company operates and factors specific to the borrower; 3) off–balance sheet credit exposures; and credit support. ACL on loans is measured on a collective basis and reflects impairment in groups of loans aggregated on the basis of similar risk characteristics which may include any one or a combination of the following: internal credit ratings, risk ratings or classification, financial asset type, collateral type, size, industry of the borrower, historical or expected credit loss patterns, and reasonable and supportable forecast periods. The ACL for a specific portfolio segment is computed by multiplying the loss rate by the amortized cost balance of the segment with adjustments for other qualitative factors as described above. As appropriate, newer credit products or portfolios with limited historical loss may use applicable external data for determining the ACL until experience justifies that sufficient product maturity supports the estimate of expected credit losses. Pursuant to ASC 326–20–30–9, an entity shall not rely solely on past events to estimate expected credit losses, and should consider adjustments to historical information to reflect the extent to which management expects current conditions and forecasted conditions to differ from the periods utilized for the historical loss rate calculation. Management has incorporated an adjustment of the historical loss rate calculated within the model to reflect current and forecasted condition and has applied this adjustment on a qualitative factor basis to the aggregate pool loss rate. The qualitative adjustment is based on a combination of external econometric data and internal factors such as portfolio composition, changes in management, changes in loan policy and other factors. The economic forecast is based in part on economic indexes and quantitative matrices with a six to twelve month forecast. The qualitative adjustment is calculated based on current and forecasted conditions and evaluated each quarter by management, and therefore is dynamic in nature. As a result of the forecast being applied as a qualitative factor and adjusted quarterly, no reversion to the historical loss rate is necessary, as the historical base loss rate is preserved in the calculation of “all in” loss rate. Specific reserves reflect collateral shortfalls on loans identified for evaluation or individually considered non–performing, including troubled debt restructurings and receivables where the Company has determined foreclosure is probable. These loans no longer have similar risk characteristics to collectively evaluated loans due to changes in credit risk, borrower circumstances, recognition of write–offs, or cash collections that have been fully applied to principal on the basis of non–accrual policies. At a minimum, the population of loans subject to individual evaluation include individual loans and leases where it is probable we will be unable to collect all amounts due, according to the original contractual terms. These include commercial impaired loans, jumbo residential mortgages (as defined), and jumbo home equity loans with a balance exceeding $250,000, and other loans as determined by management. ACL for residential and consumer loans are, primarily, determined by pools of similar loans and are evaluated on a quarterly basis. Loans that do not share risk characteristics are evaluated on an individual basis. Loans evaluated individually are not also included in the collective evaluation. When management determines that foreclosure is probable, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate.
Troubled Debt Restructuring	Troubled Debt Restructurings (“TDR”) — A loan for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, is considered to be a TDR. The ACL on loans on a TDR is measured using the same method as all other loans held for investment, except that the original interest rate is used to discount the expected cash flows, not the rate specified within the restructuring. The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act provides all banks with the option to elect either or both of the following from March 1, 2020 until the earlier of December 31, 2020 or the date that is 60 days after termination of the national emergency. Section 4013 of the CARES Act was amended on December 27, 2020 to extend this relief period until January 1, 2022. Specific applicable provisions of the CARES Act allow: i. suspension of the requirements under Generally Accepted Accounting Principles (“GAAP”) for loan modifications related to the COVID–19 pandemic that would otherwise be categorized as a TDR; and/or ii. suspension of any determination of a loan modified as a result of the effects of the COVID–19 pandemic as being a TDR, including impairment for accounting purposes. If a bank elects a suspension noted above, the suspension (i) will be effective for the term of the loan modification, but solely with respect to any modification, including a forbearance arrangement, an interest rate modification, a repayment plan, and any other similar arrangement that defers or delays the payment of principal or interest, that occurs during the applicable period for a loan that was not more than 30 days past due as of December 31, 2019; and (ii) will not apply to any adverse impact on the credit of a borrower that is not related to the COVID–19 pandemic.
Allowance for Credit Losses on Off–Balance Sheet Credit Exposures	Allowance for Credit Losses on Off–Balance Sheet (“OBS”) Credit Exposures — The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The Company determines the estimated amount of expected credit extensions based on historical usage to calculate the amount of exposure for a loss estimate.
Allowance for Credit Losses on Available for Sale Securities and Held to Maturity Securities	Allowance for Credit Losses on Available for Sale Securities — For available for sale debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For debt securities available for sale that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an ACL is recorded in other comprehensive income. Changes in the ACL are recorded as provision for, or reversal of, credit loss expense. Losses are charged against the allowance when management believes the uncollectibility of an available for sale security is confirmed or when either of the criteria regarding intent or requirement to sell is met.
Premises and Equipment	Premises and Equipment — Buildings and major improvements are capitalized and depreciated using primarily the straight-line method with useful lives ranging from 3 to 40 years. Furniture and equipment are capitalized and depreciated using primarily the straight-line method with useful lives ranging from 2 to 20 years. Maintenance and repairs are expensed as incurred while major additions and improvements are capitalized. Gains and losses on disposition are included in current operations.
Federal Reserve and Federal Home Loan Bank of Indianapolis (FHLBI) Stock	Federal Reserve and Federal Home Loan Bank of Indianapolis (FHLBI) Stock — The stock is a required investment for institutions that are members of the Federal Reserve Bank (“FRB”) and Federal Home Loan Bank (“FHLB”) systems. The required investment in the common stock is based on a predetermined formula.
Partnership Investments	Partnership Investments — The Company invests in partnerships that generate qualified affordable housing and solar tax credits. The Company has elected to account for partnership investments in qualified affordable housing using the proportional amortization method. Under the proportional amortization method, the initial cost of the investment is amortized to income tax expense in proportion to the tax credits and other tax benefits received. This net investment performance is recognized in the income statement as a component of income tax expense. The Company accounts for partnership investments that generate solar tax credits under the deferral method. The investment in the limited partnerships totaling $4.5 million and $2.3 million at December 31, 2022 and 2021, respectively is included in other assets in the consolidated balance sheets.
Mortgage Servicing Rights	Mortgage Servicing Rights —Mortgage servicing assets are recognized separately when rights are acquired through purchase or through sale of financial assets. Under the servicing assets and liabilities accounting guidance (ASC 860-50), servicing rights resulting from the sale or securitization of loans originated by the Company are initially measured at fair value at the date of transfer. Amortized mortgage servicing rights include commercial mortgage servicing rights. Under the amortization method, servicing rights are amortized in proportion to and over the period of estimated net servicing income. The amortized assets are assessed for impairment or increased obligation based on fair value at each reporting date. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. These variables change from quarter to quarter as market conditions and projected interest rates change, and may have an adverse impact on the value of the mortgage servicing right and may result in a reduction to non–interest income. Each class of separately recognized servicing assets subsequently measured using the amortization method are evaluated and measured for impairment. Impairment is determined by stratifying rights into tranches based on predominant characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an individual tranche, to the extent that fair value is less than the carrying amount of the servicing assets for that tranche. The valuation allowance is adjusted to reflect changes in the measurement of impairment after the initial measurement of impairment. Changes in valuation allowances are reported with mortgage servicing income net of impairment on the income statement. Fair value in excess of the carrying amount of servicing assets for that stratum is not recognized. Servicing fee income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. The amortization of mortgage servicing rights is netted against loan servicing fee income.
Goodwill and Intangible Assets	Goodwill and Intangible Assets — Goodwill is tested annually for impairment or more frequently should potential triggering events be identified that may indicate potential impairment. At December 31, 2022, Horizon had core deposit intangibles of $17.2 million subject to amortization and $155.2 million of goodwill, which is not subject to amortization. Goodwill arising from business combinations represents the value attributable to unidentifiable intangible assets in the business acquired. Horizon’s goodwill relates to the value inherent in the banking industry and that value is dependent upon the ability of Horizon to provide quality, cost effective banking services in a competitive marketplace. The goodwill value is supported by revenue that is in part driven by the volume of business transacted. If the implied fair value of goodwill is lower than its carrying amount, goodwill impairment is
Bank Owned Life Insurance (BOLI)	Bank Owned Life Insurance (“BOLI”) – BOLI has been purchased on certain employees and directors of the Company. The Company records the life insurance at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or amounts due that are probable at settlement.
Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase	Securities Purchased Under Agreements to Resell, Securities Sold Under Agreements to Repurchase and Other Secured Borrowings — The Company purchases certain securities, generally U.S. government–sponsored entity and agency securities, under agreements to resell. The amounts advanced under these agreements represent short–term secured loans and are reflected as assets in the accompanying consolidated balance sheets. We also sell certain securities under agreements to repurchase. These agreements are treated as collateralized financing transactions. These and other secured borrowings such as loans sold not qualifying for sale accounting treatment, are reflected as liabilities in the accompanying consolidated balance sheets and are recorded at the amount of cash received in connection with the transaction. Short–term securities sold under agreements to repurchase generally mature within one to four days from the transaction date. Securities, generally U.S. government and federal agency securities, pledged as collateral under these financing arrangements can be repledged by the secured party. Additional collateral may be required based on the fair value of the underlying securities.
Income Taxes	Income Taxes —The Company accounts for income taxes in accordance with income tax accounting guidance (ASC 740, Income Taxes ). The income tax accounting guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. Uncertain tax positions are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances and information available at the reporting date and is subject to management’s judgment. The Company recognizes interest and penalties on income taxes as a component of income tax expense. The Company files consolidated income tax returns with its subsidiaries.
Trust Assets and Income	Trust Assets and Income — Property, other than cash deposits, held in a fiduciary or agency capacity is not included in the consolidated balance sheets since such property is not owned by Horizon.
Transfer of Financial Assets	Transfer of Financial Assets — The transfer of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1)the assets have been isolated from the Company and put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2)the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3)the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets.
Earnings per Common Share	Earnings per Common Share — Basic earnings per share is computed by dividing net income available to common shareholders (net income less dividend requirements for preferred stock and accretion of preferred stock discount) by the weighted–average number of common shares outstanding. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. The following table shows computation of basic and diluted earnings per share. Years Ended December 31 2022 2021 2020 Basic earnings per share Net income $ 93,408 $ 87,091 $ 68,499 Weighted average common shares outstanding 43,568,823 43,802,733 44,044,737 Basic earnings per share $ 2.14 $ 1.99 $ 1.56 Diluted earnings per share Net income available to common shareholders $ 93,408 $ 87,091 $ 68,499 Weighted average common shares outstanding 43,568,823 43,802,733 44,044,737 Effect of dilutive securities: Restricted stock 92,381 107,988 41,817 Stock options 37,911 44,559 36,522 Weighted average common shares outstanding 43,699,115 43,955,280 44,123,076 Diluted earnings per share $ 2.14 $ 1.98 $ 1.55 There were 319,760, 140,955 and 278,776 shares for the twelve months ended December 31, 2022, 2021 and 2020, respectively, which were not included in the computation of diluted earnings per share because they were non-dilutive. On July 16, 2019, the Board of Directors of the Company authorized a stock repurchase program for up to 2,250,000 shares of Horizon’s issued and outstanding common stock, no par value. As of December 31, 2022, Horizon had repurchased a total of 803,349 shares at an average price per share of $16.89. In addition to the stock repurchase program, Horizon agreed to repurchase 1,000,000 shares at a price per share of $15.19 from an individual shareholder on March 6, 2020.
Dividend Restrictions	Dividend Restrictions — Horizon’s principal source of funds for dividend payments is dividends received from the Bank. Banking regulations limit the amount of dividends that may be paid without prior approval of regulatory agencies. Under these regulations, the amount of dividends that may be paid in any calendar year is limited to the current year’s net profits combined with the retained net profits of the preceding two years, subject to the capital requirements described in Note 21. At December 31, 2022, the Bank could, without prior approval, declare dividends of approximately $149.9 million to Horizon. Additionally, the Federal Reserve Board limits the amount of dividends that may be paid by Horizon to its stockholders under its capital adequacy guidelines.
Consolidated Statements of Cash Flows	Consolidated Statements of Cash Flows — For purposes of reporting cash flows, cash and cash equivalents are defined to include cash and due from banks, money market investments and federal funds sold with maturities of one day or less. Horizon reports net cash flows for customer loan transactions, deposit transactions, short–term investments and borrowings.
Comprehensive Income (Loss)	Comprehensive Income (Loss) — Comprehensive income (loss) consists of net income and other comprehensive income (loss), net of applicable income taxes. Other comprehensive income (loss) includes unrealized gain (loss) on available for sale securities, unrealized and realized gains and losses in cash flow derivative financial instruments and accretion (amortization) of available for sale securities transferred to held to maturity.
Share-Based Compensation	Share–Based Compensation — At December 31, 2022, Horizon had share–based compensation plans, which are described more fully in Note 22. All share–based payments are to be recognized as expense, based upon their fair values, in the financial statements over the vesting period of the awards. Horizon has recorded approximately $2.5 million, $1.8 million, and $1.3 million in compensation expense relating to vesting of stock options and restricted stock awards less estimated forfeitures for the 12–month periods ended December 31, 2022, 2021 and 2020, respectively.
Derivative Financial Instruments	Derivative Financial Instruments — The Company occasionally enters into derivative financial instruments as part of its interest rate risk management strategies. These derivative financial instruments consist primarily of interest rate swaps. All derivative instruments are recorded on the Consolidated Balance Sheets, as either an asset or liability, at their fair value. The accounting for the gain or loss resulting from the change in fair value depends on the intended use of the derivative. For a derivative used to hedge changes in fair value of a recognized asset or liability, or an unrecognized firm commitment, the gain or loss on the derivative will be recognized in earnings together with the offsetting loss or gain on the hedged item. This results in an earnings impact only to the extent that the hedge is ineffective in achieving offsetting changes in fair value. If it is determined that the derivative instrument is not highly effective as a hedge, hedge accounting is discontinued and the adjustment to fair value of the derivative instrument is recorded in earnings. For a derivative used to hedge changes in cash flows associated with forecasted transactions, the gain or loss of the effective portion of the derivative will be deferred, and reported as accumulated other comprehensive income, a component of stockholders’ equity, until such time the hedged transaction affects earnings. For derivative instruments not accounted for as hedges, changes in fair value are recognized in non–interest income or non–interest expense.
Revenue Recognition	Revenue Recognition — Accounting Standards Codification 606, “Revenue from Contracts with Customers” (ASC 606) provides that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance enumerates five steps that entities should follow in achieving this core principle. Revenue generated from financial instruments, including loans and investment securities, are not included in the scope of ASC 606. The adoption of ASC 606 did not result in a change to the accounting of any of the Company’s revenue streams that are within the scope of the amendments. Revenue–gathering activities that are within the scope of ASC 606 and that are presented as non-interest income in the Company’s consolidated statements of income include: • Service charges and fees on deposit accounts – these include general service fees charged for deposit account maintenance and activity and transaction-based fees charged for certain services, such as debit card, wire transfer and overdraft activities. Revenue is recognized when the performance obligation is completed, which is generally after a transaction is completed or monthly for account maintenance services. • Fiduciary activities – this includes periodic fees due from trust and wealth management customers for managing the customers’ financial assets. Fees are charged based on a standard agreement and are recognized as they are earned.
Segments	Segments — Horizon has one principal business segment, commercial banking. While our chief decision makers monitor the revenue streams of various products and services, the identifiable segments' operations are managed and financial performance is evaluated on a company–wide basis. Accordingly, all of the Company's financial service operations are considered to be aggregated in one reportable operating segment.
Reclassifications	Reclassifications — Certain reclassifications have been made to the 2021 and 2020 consolidated financial statements to be comparable to 2022. These reclassifications had no effect on net income.
Adoption of New Accounting Standards	Adoption of New Accounting Standards Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) No. 2016–13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments On January 1, 2020, the Company adopted ASU No. 2016–13, “ Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“CECL”). The measurement of expected credit losses under CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables and held to maturity securities. It also applies to off–balance sheet (“OBS”) credit exposures not accounted for as insurance (loan commitments, standby letters of credit, financial guarantees, and other similar agreements). In addition ASC 326 made changes to the accounting for available for sale debt securities. One such change is to require credit losses to be presented as an allowance, rather than as a write–down, on available for sale debt securities management does not intend to sell or believe that it is not more likely than not they will be required to sell. The Company adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost and OBS credit exposures. Results for reporting periods beginning after December 31, 2019, are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable GAAP. The Company recorded a net decrease to retained earnings of $15.6 million as of January 1, 2020 for the cumulative effect of adopting ASC 326. The Company adopted ASC 326 using the prospective transition approach for financial assets purchased with credit deterioration (“PCD”), previously classified as purchased credit impaired (“PCI”) and accounted for under ASC 310–30. In accordance with the standard, management did not reassess whether PCI assets met the criteria of PCD assets as of the date of adoption. On January 1, 2020, the amortized cost basis of the PCD assets was adjusted to reflect the addition of $2.8 million of allowance for credit losses (“ACL”) on loans. The following table illustrates the impact of ASC 326. January 1, 2020 As Reported Under ASC 326 Pre–ASC 326 Adoption Impact of ASC 326 Adoption Loans Commercial $ 25,614 $ 11,996 $ 13,618 Real estate 4,971 923 4,048 Mortgage warehouse 1,077 1,077 — Consumer 8,582 3,671 4,911 Allowance for credit losses on loans $ 40,244 $ 17,667 $ 22,577 Accounting policies stated in Note 1 reflect the adoption of Topic 326 as it relates to investment securities, loans and off–balance sheet credit exposures as of January 1, 2020. FASB ASU No. 2017–04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment On January 1, 2020, the Company adopted the provision of ASU No. 2017–04, which eliminates Step 2 from the goodwill impairment test. Under Step 2, an entity had to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities) following the procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. Instead, under the amendments in this ASU, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. This ASU eliminates the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative test. The adoption of this new guidance did not have a material impact on our consolidated financial statements. FASB ASU No. 2018–13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement On January 1, 2020, the Company adopted the provision of ASU 2018–13, which modifies the disclosure requirements on fair value measurements. The amendment removes certain disclosures required by Topic 820 related to transfers between Level 1 and Level 2 of the fair value hierarchy; the policy for timing of transfers between levels; and the valuation processes for Level 3 fair value measurements. The update also adds certain disclosure requirements related to changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period and the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. For certain unobservable inputs, the Company may disclose other quantitative information in lieu of the weighted average if we determine that other quantitative information would be a more reasonable and rational method to reflect the distribution of unobservable inputs used to develop Level 3 fair value measurements. The adoption of this new guidance did not have a material impact on our consolidated financial statements. Accounting Guidance Issued But Not Yet Adopted FASB ASU No. 2020–04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting The FASB has issued ASU 2020–04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting , which provides temporary, optional guidance to ease the potential burden in accounting for, or recognizing the effects of, the transition away from the LIBOR or other interbank offered rate on financial reporting. To help with the transition to new reference rates, the ASU provides optional expedients and exceptions for applying GAAP to affected contract modifications and hedge accounting relationships. The main provisions include: • A change in a contract's reference interest rate would be accounted for as a continuation of that contract rather than as the creation of a new one for contracts, including loans, debt, leases, and other arrangements, that meet specific criteria. • When updating its hedging strategies in response to reference rate reform, an entity would be allowed to preserve its hedge accounting. The guidance is applicable only to contracts or hedge accounting relationships that reference LIBOR or another reference rate expected to be discontinued. Because the guidance is meant to help entities through the transition period, it will be in effect for a limited time and will not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging relationships existing as of December 31, 2022, for which an entity has elected certain optional expedients that are retained through the end of the hedging relationship. The amendments in this ASU are effective March 12, 2020 through December 31, 2022. ASU 2020–04 permits relief solely for reference rate reform actions and permits different elections over the effective date for legacy and new activity. Accordingly, the Company is evaluating and reassessing the elections on a quarterly basis. For current elections in effect regarding the assertion of the probability of forecasted transactions, the Company elects the expedient to assert the probability of the hedged interest payments and receipts regardless of any expected modification in terms related to reference rate reform. The Company believes the adoption of this guidance on activities subsequent to December 31, 2020 through December 31, 2022 will not have a material impact on the consolidated financial statements. FASB ASU No. 2022–02, Financial Instruments–Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures The FASB has issued ASU 2022–02, Financial Instruments–Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures, which eliminate the TDR recognition and measurement guidance and, instead, require that an entity evaluate (consistent with the accounting for other loan modifications) whether the modification represents a new loan or a continuation of an existing loan. The amendments also enhance existing disclosure requirements and introduce new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. Additionally, these amendments require that an entity disclose current–period gross write–offs by year of origination for financing receivables and net investment in leases within the scope of Subtopic 326–20. The guidance is effective for entities that have adopted ASU 2016–13 for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. These amendments should be applied prospectively. If an entity elects to early adopt ASU 2022–02 in an interim period, the guidance should be applied as of the beginning of the fiscal year that includes the interim period. An entity may elect to early adopt the amendments about TDRs and related disclosure enhancements separately from the amendments related to vintage disclosures. The Company is assessing ASU 2022–02 and its impact on its accounting and disclosures.

Nature of Operations and Summ_3

Nature of Operations and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Computation of Basic and Diluted Earnings Per Share	The following table shows computation of basic and diluted earnings per share. Years Ended December 31 2022 2021 2020 Basic earnings per share Net income $ 93,408 $ 87,091 $ 68,499 Weighted average common shares outstanding 43,568,823 43,802,733 44,044,737 Basic earnings per share $ 2.14 $ 1.99 $ 1.56 Diluted earnings per share Net income available to common shareholders $ 93,408 $ 87,091 $ 68,499 Weighted average common shares outstanding 43,568,823 43,802,733 44,044,737 Effect of dilutive securities: Restricted stock 92,381 107,988 41,817 Stock options 37,911 44,559 36,522 Weighted average common shares outstanding 43,699,115 43,955,280 44,123,076 Diluted earnings per share $ 2.14 $ 1.98 $ 1.55
Schedule of Impact of ASC 326	The following table illustrates the impact of ASC 326. January 1, 2020 As Reported Under ASC 326 Pre–ASC 326 Adoption Impact of ASC 326 Adoption Loans Commercial $ 25,614 $ 11,996 $ 13,618 Real estate 4,971 923 4,048 Mortgage warehouse 1,077 1,077 — Consumer 8,582 3,671 4,911 Allowance for credit losses on loans $ 40,244 $ 17,667 $ 22,577
Schedule of Error Corrections and Prior Period Adjustments	The following tables present the revisions to the line items of our previously issued financial statements to reflect the correction of the errors: Consolidated Balance Sheets December 31, 2021 As Reported Sold Commercial Loan Participation Adjustment Indirect Loan Dealer Reserve Adjustment As Revised Loans, net of allowance for credit losses $ 3,553,345 $ 36,986 $ 13,917 $ 3,604,248 Other assets 80,753 — (13,917) 66,836 Total assets 7,374,903 36,986 — 7,411,889 Borrowings 675,753 36,986 — 712,739 Total liabilities 6,651,694 36,986 — 6,688,680 Total liabilities and stockholders' equity 7,374,903 36,986 — 7,411,889 Consolidated Statements of Income Year Ended December 31, 2021 As Reported Indirect Loan Dealer Reserve Adjustment As Revised Interest Income Loans receivable $ 161,617 $ (5,885) $ 155,732 Total interest income 199,995 (5,885) 194,110 Net Interest Income 181,690 (5,885) 175,805 Net Interest Income after Credit Loss Expense 183,774 (5,885) 177,889 Non–interest Expense Loan expense 11,377 (5,885) 5,492 Total non–interest expense 139,279 (5,885) 133,394 Net Income Available to Common Shareholders 87,091 — 87,091 Consolidated Statements of Income Year Ended December 31, 2020 As Reported Indirect Loan Dealer Reserve Adjustment As Revised Interest Income Loans receivable $ 179,672 $ (5,410) $ 174,262 Total interest income 205,378 (5,410) 199,968 Net Interest Income 170,940 (5,410) 165,530 Net Interest Income after Credit Loss Expense 150,189 (5,410) 144,779 Non–interest Expense Loan expense 10,628 (5,410) 5,218 Total non–interest expense 131,441 (5,410) 126,031 Net Income Available to Common Shareholders 68,499 — 68,499 Consolidated Statements of Cash Flows Year Ended December 31, 2021 As Reported Sold Commercial Loan Participation Adjustment Indirect Loan Dealer Reserve Adjustment Repurchase of Outstanding Stock Adjustment As Revised Operating Activities Net change in other assets $ 10,964 $ — $ 618 $ — $ 11,582 Net cash provided by operating activities 105,348 — 618 — 105,966 Investing Activities Net change in loans 469,412 11,234 (618) — 480,028 Repurchase of outstanding stock (7,607) — — 7,607 — Net cash used in investing activities (363,076) 11,234 (618) 7,607 (344,853) Financing Activities Proceeds from borrowings 201,137 (11,234) — — 189,903 Repurchase of outstanding stock — — — (7,607) (7,607) Net cash provided by (used in) financing activities 601,525 (11,234) — (7,607) 582,684 Net Change in Cash and Cash Equivalents 343,797 — — — 343,797 Consolidated Statements of Cash Flows Year Ended December 31, 2020 As Reported Sold Commercial Loan Participation Adjustment Indirect Loan Dealer Reserve Adjustment Repurchase of Outstanding Stock Adjustment As Revised Operating Activities Net change in other assets $ (13,987) $ — $ 77 $ — $ (13,910) Net cash provided by operating activities 78,765 — 77 — 78,842 Investing Activities Net change in loans (234,166) (5,695) (77) — (239,938) Repurchase of outstanding stock (19,636) — — 19,636 — Net cash used in investing activities (492,322) (5,695) (77) 19,636 (478,458) Financing Activities Proceeds from borrowings (74,725) 5,695 — — (69,030) Repurchase of outstanding stock — — — (19,636) (19,636) Net cash provided by (used in) financing activities 564,437 5,695 — (19,636) 550,496 Net Change in Cash and Cash Equivalents 150,880 — — — 150,880 Note 4 – Securities As of December 31, 2021 Amortized Cost As Reported Adjustment As Revised Federal agency mortgage–backed pools $ 225,329 $ 31,856 $ 257,185 Private labeled mortgage–backed pools 31,856 (31,856) — Total available for sale investment securities $ 257,185 $ — $ 257,185 Federal agency mortgage–backed pools $ 188,426 $ 59,511 $ 247,937 Private labeled mortgage–backed pools 99,958 (59,511) 40,447 Total held to maturity investment securities $ 288,384 $ — $ 288,384 Gross Unrealized Gains As Reported Adjustment As Revised Federal agency mortgage–backed pools $ 1,777 $ 137 $ 1,914 Private labeled mortgage–backed pools 137 (137) — Total available for sale investment securities $ 1,914 $ — $ 1,914 Federal agency mortgage–backed pools $ 151 $ 58 $ 209 Private labeled mortgage–backed pools 58 (58) — Total held to maturity investment securities $ 209 $ — $ 209 Gross Unrealized Losses As Reported Adjustment As Revised Federal agency mortgage–backed pools $ (1,032) $ (376) $ (1,408) Private labeled mortgage–backed pools (376) 376 — Total available for sale investment securities $ (1,408) $ — $ (1,408) Federal agency mortgage–backed pools $ (2,612) $ (1,398) $ (4,010) Private labeled mortgage–backed pools (1,840) 1,398 (442) Total held to maturity investment securities $ (4,452) $ — $ (4,452) Fair Value As Reported Adjustment As Revised Federal agency mortgage–backed pools $ 226,074 $ 31,617 $ 257,691 Private labeled mortgage–backed pools 31,617 (31,617) — Total available for sale investment securities $ 257,691 $ — $ 257,691 Federal agency mortgage–backed pools $ 185,965 $ 58,171 $ 244,136 Private labeled mortgage–backed pools 98,176 (58,171) 40,005 Total held to maturity investment securities $ 284,141 $ — $ 284,141

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Purchase Price of Assets Acquired and Liabilities Assumed	Under the acquisition method of accounting, the total purchase price is allocated to net tangible and intangible assets based on their current estimated fair values on the date of the acquisition. Based on preliminary valuations of the fair value of tangible and intangible assets acquired and liabilities assumed, which are based on estimates and assumptions that are subject to change, the purchase price for the TCF branches is detailed in the following table. Prior to the end of the one year measurement period for finalizing the purchase price allocation, if information becomes available which would indicate adjustments are required to the purchase price allocation, such adjustments will be included in the purchase price allocation prospectively. Assets Liabilities Cash and due from banks $ 4,012 Deposits Loans Non–interest bearing $ 181,403 Commercial 101,327 NOW accounts 303,050 Residential mortgage 56,499 Savings and money market 262,488 Consumer 54,212 Certificates of deposit 99,468 Total loans 212,038 Total deposits 846,409 Premises and equipment, net 6,901 Interest payable 16 Goodwill 3,973 Other liabilities 1,278 Core deposit intangible 1,630 Interest receivable 519 Other assets 463 Total assets purchased $ 229,536 Total liabilities assumed $ 847,703 Net cash received $ (618,167)

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Fair Value of Securities	The fair value of securities is as follows: December 31, 2022 Amortized Gross Gross Fair Available for sale U.S. Treasury and federal agencies $ 294,329 — $ (27,150) $ 267,179 State and municipal 505,006 140 (71,602) 433,544 Federal agency collateralized mortgage obligations 33,011 — (1,796) 31,215 Federal agency mortgage–backed pools 220,963 — (30,307) 190,656 Corporate notes 84,393 195 (9,624) 74,964 Total available for sale investment securities $ 1,137,702 $ 335 $ (140,479) $ 997,558 Held to maturity U.S. Treasury and federal agencies $ 295,250 $ — $ (49,237) $ 246,013 State and municipal 1,127,669 374 (192,458) 935,585 Federal agency collateralized mortgage obligations 56,564 — (8,865) 47,699 Federal agency mortgage–backed pools 343,953 — (56,714) 287,239 Private labeled mortgage–backed pools 35,466 — (5,493) 29,973 Corporate notes 163,846 — (29,046) 134,800 Total held to maturity investment securities $ 2,022,748 $ 374 $ (341,813) $ 1,681,309 December 31, 2021 Amortized Gross Gross Fair Available for sale U.S. Treasury and federal agencies $ 118,595 $ 82 $ (1,698) $ 116,979 State and municipal 632,652 12,802 (5,708) 639,746 Federal agency collateralized mortgage obligations 60,600 989 (12) 61,577 Federal agency mortgage–backed pools 257,185 1,914 (1,408) 257,691 Corporate notes 84,579 1,013 (773) 84,819 Total available for sale investment securities $ 1,153,611 $ 16,800 $ (9,599) $ 1,160,812 Held to maturity U.S. Treasury and federal agencies $ 195,429 $ 12 $ (1,215) $ 194,226 State and municipal 862,461 20,719 (4,263) 878,917 Federal agency collateralized mortgage obligations 48,482 3 (1,020) 47,465 Federal agency mortgage–backed pools 247,937 209 (4,010) 244,136 Private labeled mortgage–backed pools 40,447 — (442) 40,005 Corporate notes 157,687 11 (2,456) 155,242 Total held to maturity investment securities $ 1,552,443 $ 20,954 $ (13,406) $ 1,559,991
Amortized Cost and Fair Value of Securities Available for Sale and Held to Maturity	The amortized cost and fair value of securities available for sale and held to maturity at December 31, 2022 and December 31, 2021, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. December 31, 2022 December 31, 2021 Amortized Fair Amortized Fair Available for sale Within one year $ 1,535 $ 1,512 $ 22,980 $ 22,984 One to five years 340,212 312,137 156,677 156,397 Five to ten years 238,045 204,282 315,630 316,125 After ten years 303,936 257,756 340,539 346,038 883,728 775,687 835,826 841,544 Federal agency collateralized mortgage obligations 33,011 31,215 60,600 61,577 Federal agency mortgage–backed pools 220,963 190,656 257,185 257,691 Total available for sale investment securities $ 1,137,702 $ 997,558 $ 1,153,611 $ 1,160,812 Held to maturity Within one year $ 32,610 $ 32,382 $ 5,222 $ 5,265 One to five years 222,443 209,854 65,739 66,982 Five to ten years 324,967 280,618 273,720 275,308 After ten years 1,006,745 793,544 870,896 880,830 1,586,765 1,316,398 1,215,577 1,228,385 Federal agency collateralized mortgage obligations 56,564 47,699 48,482 47,465 Federal agency mortgage–backed pools 343,953 287,239 247,937 244,136 Private labeled mortgage–backed pools 35,466 29,973 40,447 40,005 Total held to maturity investment securities $ 2,022,748 $ 1,681,309 $ 1,552,443 $ 1,559,991
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value	The following table shows the gross unrealized losses and the fair value of the Company’s investments, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position. December 31, 2022 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Investment Securities U.S. Treasury and federal agencies $ 217,357 $ (16,692) $ 295,585 $ (59,695) $ 512,942 $ (76,387) State and municipal 533,871 (45,881) 757,061 (218,179) 1,290,932 (264,060) Federal agency collateralized mortgage obligations 40,301 (2,881) 38,613 (7,780) 78,914 (10,661) Federal agency mortgage–backed pools 49,633 (3,211) 428,243 (83,810) 477,876 (87,021) Private labeled mortgage–backed pools — — 29,973 (5,493) 29,973 (5,493) Corporate notes 38,906 (6,787) 169,921 (31,883) 208,827 (38,670) Total securities $ 880,068 $ (75,452) $ 1,719,396 $ (406,840) $ 2,599,464 $ (482,292) December 31, 2021 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Investment Securities U.S. Treasury and federal agencies $ 268,732 $ (2,483) $ 15,820 $ (430) $ 284,552 $ (2,913) State and municipal 539,882 (9,389) 19,461 (582) 559,343 (9,971) Federal agency collateralized mortgage obligations 56,027 (1,032) — — 56,027 (1,032) Federal agency mortgage–backed pools 406,540 (5,418) — — 406,540 (5,418) Private labeled mortgage–backed pools 40,005 (442) — — 40,005 (442) Corporate notes 189,500 (3,229) — — 189,500 (3,229) Total securities $ 1,500,686 $ (21,993) $ 35,281 $ (1,012) $ 1,535,967 $ (23,005)
Sales of Securities Available for Sale	Information regarding security proceeds, gross gains and gross losses are presented below. Year Ended December 31 2022 2021 2020 Sales of securities available for sale Proceeds $ — $ 27,514 $ 77,213 Gross gains — 914 4,372 Gross losses — — (75)

Loans (Tables)

Loans (Tables)	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Loan Portfolio Segments and Classes	The table below identifies the Company's loan portfolio segments and classes. Portfolio Segment Class of Financing Receivable Commercial Owner occupied real estate Non–owner occupied real estate Residential spec homes Development & spec land Commercial & industrial Real estate Residential mortgage Residential construction Mortgage warehouse Mortgage warehouse Consumer Direct installment Indirect installment Home equity
Loans Outstanding by Portfolio Class	The following table presents total loans outstanding by portfolio class, as of December 31, 2022 and 2021. December 31, December 31, Commercial Owner occupied real estate $ 594,562 $ 560,887 Non–owner occupied real estate 1,187,077 1,088,470 Residential spec homes 10,838 9,907 Development & spec land 27,358 24,473 Commercial and industrial 647,587 530,208 Total commercial 2,467,422 2,213,945 Real estate Residential mortgage 612,551 563,811 Residential construction 40,741 30,571 Mortgage warehouse 69,529 109,031 Total real estate 722,821 703,413 Consumer Direct installment 56,614 63,714 Indirect installment 500,549 386,492 Home equity 410,592 290,970 Total consumer 967,755 741,176 Total loans 4,157,998 3,658,534 Allowance for credit losses (50,464) (54,286) Net loans $ 4,107,534 $ 3,604,248
Non-accrual, Loans Past Due Over 90 Days Still on Accrual, and Troubled Debt Restructured ("TDRs") by Class of Loans	The following table presents non–accrual loans, loans past due over 90 days still on accrual, and troubled debt restructured loans by class of loans: December 31, 2022 Non–accrual Loans Past Non–performing Performing Total Non–performing Loans with no Allowance for Credit Losses Commercial Owner occupied real estate $ 3,423 $ — $ — $ 568 $ 3,991 $ 3,805 Non–owner occupied real estate 3,866 — — 269 4,135 2,211 Residential spec homes 101 — — — 101 101 Development & spec land 815 — — — 815 65 Commercial and industrial 288 — — — 288 288 Total commercial 8,493 — — 837 9,330 6,470 Real estate Residential mortgage 5,479 43 1,210 1,391 8,123 8,123 Residential construction — — — — — — Mortgage warehouse — — — — — — Total real estate 5,479 43 1,210 1,391 8,123 8,123 Consumer Direct installment 138 26 — — 164 164 Indirect installment 745 23 — — 768 768 Home equity 2,775 — 338 342 3,455 3,455 Total consumer 3,658 49 338 342 4,387 4,387 Total $ 17,630 $ 92 $ 1,548 $ 2,570 $ 21,840 $ 18,980 December 31, 2021 Non–accrual Loans Past Non–performing Performing Total Non–performing Loans with no Allowance for Credit Losses Commercial Owner occupied real estate $ 4,247 $ — $ — $ 603 4,850 $ 2,796 Non–owner occupied real estate 761 — 285 — 1,046 1,046 Residential spec homes — — — — — — Development & spec land 919 — — — 919 919 Commercial and industrial 694 — — — 694 456 Total commercial 6,621 — 285 603 7,509 5,217 Real estate Residential mortgage 5,626 66 892 1,421 8,005 8,005 Residential construction — — — — — — Mortgage warehouse — — — — — — Total real estate 5,626 66 892 1,421 8,005 8,005 Consumer Direct installment 7 — — — 7 7 Indirect installment 538 15 — — 553 553 Home equity 2,170 64 344 367 2,945 2,945 Total consumer 2,715 79 344 367 3,505 3,505 Total $ 14,962 $ 145 $ 1,521 $ 2,391 $ 19,019 $ 16,727
Payment Status by Class of Loan	The following table presents the payment status by class of loan, excluding non–accrual loans of $17.6 million and non–performing TDRs of $1.5 million at December 31, 2022: December 31, 2022 Current 30–59 Days 60–89 Days 90 Days or Total Past Due Total Loans Commercial Owner occupied real estate $ 590,870 $ 269 — — $ 269 $ 591,139 Non–owner occupied real estate 1,183,195 16 — — 16 1,183,211 Residential spec homes 10,737 — — — — 10,737 Development & spec land 26,513 — 30 — 30 26,543 Commercial and industrial 646,792 507 — — 507 647,299 Total commercial 2,458,107 792 30 — 822 2,458,929 Real estate Residential mortgage 603,630 1,980 209 43 2,232 605,862 Residential construction 40,741 — — — — 40,741 Mortgage warehouse 69,529 — — — — 69,529 Total real estate 713,900 1,980 209 43 2,232 716,132 Consumer Direct installment 56,266 168 16 26 210 56,476 Indirect installment 494,341 4,536 904 23 5,463 499,804 Home equity 405,405 1,413 661 — 2,074 407,479 Total consumer 956,012 6,117 1,581 49 7,747 963,759 Total $ 4,128,019 $ 8,889 $ 1,820 $ 92 $ 10,801 $ 4,138,820 The following table presents the payment status by class of loans, excluding non–accrual loans of $15.0 million and non–performing TDRs $1.5 million of at December 31, 2021: December 31, 2021 Current 30–59 Days 60–89 Days 90 Days or Total Past Due Total Commercial Owner occupied real estate $ 555,851 $ 789 $ — $ — $ 789 $ 556,640 Non–owner occupied real estate 1,085,716 1,708 — — 1,708 1,087,424 Residential spec homes 9,907 — — — — 9,907 Development & spec land 23,496 58 — — 58 23,554 Commercial and industrial 528,461 974 79 — 1,053 529,514 Total commercial 2,203,431 3,529 79 — 3,608 2,207,039 Real estate Residential mortgage 556,128 834 265 66 1,165 557,293 Residential construction 30,571 — — — — 30,571 Mortgage warehouse 109,031 — — — — 109,031 Total real estate 695,730 834 265 66 1,165 696,895 Consumer Direct installment 63,295 409 3 — 412 63,707 Indirect installment 383,532 2,271 136 15 2,422 385,954 Home equity 287,382 849 161 64 1,074 288,456 Total consumer 734,209 3,529 300 79 3,908 738,117 Total $ 3,633,370 $ 7,892 $ 644 $ 145 $ 8,681 $ 3,642,051
Schedule of TDRs by Loan Portfolio	The following table presents TDRs by loan portfolio: December 31, 2022 December 31, 2021 Non–accrual Accruing Total Non-accrual Accruing Total Commercial Owner occupied real estate $ — $ 568 $ 568 $ — $ 603 $ 603 Non–owner occupied real estate — 269 269 285 — 285 Residential spec homes — — — — — — Development & spec land — — — — — — Commercial and industrial — — — — — — Total commercial — 837 837 285 603 888 Real estate Residential mortgage 1,210 1,391 2,601 892 1,421 2,313 Residential construction — — — — — — Mortgage warehouse — — — — — — Total real estate 1,210 1,391 2,601 892 1,421 2,313 Consumer Direct installment — — — — — — Indirect installment — — — — — — Home equity 338 342 680 344 367 711 Total consumer 338 342 680 344 367 711 Total $ 1,548 $ 2,570 $ 4,118 $ 1,521 $ 2,391 $ 3,912
Allowance for Credit Loss Allocated for Collateral Dependent Loans	The tables below present the amortized cost basis and ACL allocated for collateral dependent loans in accordance with ASC326, which are individually evaluated to determine expected credit losses, at December 31, 2022 and 2021. December 31, 2022 Real Estate Accounts Receivable/Equipment Other Total ACL Allocation Commercial Owner occupied real estate $ 3,905 $ 95 $ — $ 4,000 $ 215 Non–owner occupied real estate 4,135 — — 4,135 988 Residential spec homes 101 — — 101 — Development & spec land 815 — — 815 36 Commercial and industrial — 248 31 279 — Total commercial 8,956 343 31 9,330 1,239 Total collateral dependent loans $ 8,956 $ 343 $ 31 $ 9,330 $ 1,239 December 31, 2021 Real Estate Accounts Receivable/Equipment Other Total ACL Allocation Commercial Owner occupied real estate $ 11,201 $ 103 $ — $ 11,304 $ 632 Non–owner occupied real estate 2,068 — — 2,068 — Development & spec land 919 — — 919 — Commercial and industrial 427 1,218 — 1,645 128 Total commercial 14,615 1,321 — 15,936 760 Total collateral dependent loans $ 14,615 $ 1,321 $ — $ 15,936 $ 760
Loans by Credit Grades	The following tables present loans by credit grades and origination year at December 31, 2022. December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Commercial Owner occupied real estate Pass $ 102,986 $ 78,420 $ 50,751 $ 50,807 $ 38,518 $ 168,574 $ 76,493 $ 566,549 Special Mention — 6,677 — 7 — 2,729 83 9,496 Substandard 1,016 253 983 834 3,116 9,439 2,876 18,517 Doubtful — — — — — — — — Total owner occupied real estate $ 104,002 $ 85,350 $ 51,734 $ 51,648 $ 41,634 $ 180,742 $ 79,452 $ 594,562 Non–owner occupied real estate Pass $ 186,272 $ 176,077 $ 134,395 $ 96,566 $ 57,382 $ 305,264 $ 182,681 $ 1,138,637 Special Mention — 1,415 265 883 39,239 617 — 42,419 Substandard — — 246 — 3,532 2,243 — 6,021 Doubtful — — — — — — — — Total non–owner occupied real estate $ 186,272 $ 177,492 $ 134,906 $ 97,449 $ 100,153 $ 308,124 $ 182,681 $ 1,187,077 Residential spec homes Pass $ 379 $ 3,957 $ 146 $ — $ — $ 1,922 $ 4,334 $ 10,738 Special Mention — — — — — — — — Substandard — — — — — — 100 100 Doubtful — — — — — — — — Total residential spec homes $ 379 $ 3,957 $ 146 $ — $ — $ 1,922 $ 4,434 $ 10,838 Development & spec land Pass $ 1,586 $ 1,230 $ 449 $ 270 $ 5 $ 9,739 $ 13,008 $ 26,287 Special Mention — — — — — 145 — 145 Substandard — — — — — 178 748 926 Doubtful — — — — — — — — Total development & spec land $ 1,586 $ 1,230 $ 449 $ 270 $ 5 $ 10,062 $ 13,756 $ 27,358 Commercial & industrial Pass $ 207,019 $ 139,759 $ 32,997 $ 34,303 $ 41,044 $ 119,850 $ 49,859 $ 624,831 Special Mention 718 368 31 562 706 2,251 — 4,636 Substandard — 2,720 2,216 532 1,618 5,517 5,517 18,120 Doubtful — — — — — — — — Total commercial & industrial 207,737 142,847 35,244 35,397 43,368 127,618 55,376 647,587 Total commercial $ 499,976 $ 410,876 $ 222,479 $ 184,764 $ 185,160 $ 628,468 $ 335,699 $ 2,467,422 December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Real estate Residential mortgage Performing $ 107,224 $ 156,595 $ 91,314 $ 33,768 $ 36,147 $ 178,588 $ 792 $ 604,428 Non–performing — 493 285 623 631 6,091 — 8,123 Total residential mortgage $ 107,224 $ 157,088 $ 91,599 $ 34,391 $ 36,778 $ 184,679 $ 792 $ 612,551 Residential construction Performing $ 187 $ — $ — $ — $ — $ — $ 40,554 $ 40,741 Non–performing — — — — — — — — Total residential construction $ 187 $ — $ — $ — $ — $ — $ 40,554 $ 40,741 Mortgage warehouse Performing $ — $ — $ — $ — $ — $ — $ 69,529 $ 69,529 Non–performing — — — — — — — — Total mortgage warehouse — — — — — — 69,529 69,529 Total real estate $ 107,411 $ 157,088 $ 91,599 $ 34,391 $ 36,778 $ 184,679 $ 110,875 $ 722,821 December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Consumer Direct installment Performing $ 19,851 $ 12,708 $ 7,204 $ 7,682 $ 3,952 $ 5,044 $ 9 $ 56,450 Non–performing — 50 13 65 25 11 — 164 Total direct installment $ 19,851 $ 12,758 $ 7,217 $ 7,747 $ 3,977 $ 5,055 $ 9 $ 56,614 Indirect installment Performing $ 259,446 $ 118,961 $ 60,062 $ 34,576 $ 19,062 $ 7,674 $ — $ 499,781 Non–performing 27 169 210 181 101 80 — 768 Total indirect installment $ 259,473 $ 119,130 $ 60,272 $ 34,757 $ 19,163 $ 7,754 $ — $ 500,549 Home equity Performing $ 160,124 $ 85,254 $ 41,438 $ 26,984 $ 21,606 $ 64,642 $ 7,089 $ 407,137 Non–performing 108 16 19 140 152 1,077 1,943 3,455 Total home equity 160,232 85,270 41,457 27,124 21,758 65,719 9,032 410,592 Total consumer $ 439,556 $ 217,158 $ 108,946 $ 69,628 $ 44,898 $ 78,528 $ 9,041 $ 967,755 The following table presents loans by credit grades at December 31, 2021. December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Total Commercial Owner occupied real estate Pass $ 86,798 $ 58,789 $ 61,134 $ 43,903 $ 46,530 $ 159,351 $ 60,539 $ 517,044 Special Mention — 72 2,685 3,194 7,279 11,451 1,345 26,026 Substandard — 1,003 1,312 3,192 1,957 9,579 774 17,817 Doubtful — — — — — — — — Total owner occupied real estate $ 86,798 $ 59,864 $ 65,131 $ 50,289 $ 55,766 $ 180,381 $ 62,658 $ 560,887 Non–owner occupied real estate Pass $ 175,538 $ 108,465 $ 120,561 $ 59,596 $ 126,334 $ 260,362 $ 178,928 $ 1,029,784 Special Mention — 839 1,192 34,412 999 3,850 515 41,807 Substandard 720 — 6,045 1,096 425 7,793 800 16,879 Doubtful — — — — — — — — Total non–owner occupied real estate $ 176,258 $ 109,304 $ 127,798 $ 95,104 $ 127,758 $ 272,005 $ 180,243 $ 1,088,470 Residential spec homes Pass $ 1,115 $ 254 $ 155 $ — $ — $ 1,346 $ 7,037 $ 9,907 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total residential spec homes $ 1,115 $ 254 $ 155 $ — $ — $ 1,346 $ 7,037 $ 9,907 Development & spec land Pass $ 2,282 $ 536 $ 503 $ 11 $ 3,583 $ 8,496 $ 7,837 $ 23,248 Special Mention — — — — — 177 — 177 Substandard — — — — 11 289 748 1,048 Doubtful — — — — — — — — Total development & spec land $ 2,282 $ 536 $ 503 $ 11 $ 3,594 $ 8,962 $ 8,585 $ 24,473 Commercial & industrial Pass $ 198,482 $ 48,245 $ 43,003 $ 47,986 $ 64,292 $ 69,589 $ 23,647 $ 495,244 Special Mention 592 3,278 2,090 4,588 3,781 7,427 3,295 25,051 Substandard 111 143 1,211 3,936 1,313 1,847 1,352 9,913 Doubtful — — — — — — — — Total commercial & industrial 199,185 51,666 46,304 56,510 69,386 78,863 28,294 530,208 Total commercial $ 465,638 $ 221,624 $ 239,891 $ 201,914 $ 256,504 $ 541,557 $ 286,817 $ 2,213,945 December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Total Real estate Residential mortgage Performing $ 116,118 $ 105,051 $ 44,691 $ 50,778 $ 56,330 $ 182,838 $ — $ 555,806 Non–performing — 78 448 854 66 6,559 — 8,005 Total residential mortgage $ 116,118 $ 105,129 $ 45,139 $ 51,632 $ 56,396 $ 189,397 $ — $ 563,811 Residential construction Performing $ — $ — $ — $ — $ — $ — $ 30,571 $ 30,571 Non–performing — — — — — — — — Total residential construction $ — $ — $ — $ — $ — $ — $ 30,571 $ 30,571 Mortgage warehouse Performing $ — $ — $ — $ — $ — $ — $ 109,031 $ 109,031 Non–performing — — — — — — — — Total mortgage warehouse — — — — — — 109,031 109,031 Total real estate $ 116,118 $ 105,129 $ 45,139 $ 51,632 $ 56,396 $ 189,397 $ 139,602 $ 703,413 December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Total Consumer Direct installment Performing $ 18,826 $ 12,756 $ 13,390 $ 7,027 $ 6,036 $ 5,577 $ 95 $ 63,707 Non–performing — — — — 1 6 — 7 Total direct installment $ 18,826 $ 12,756 $ 13,390 $ 7,027 $ 6,037 $ 5,583 $ 95 $ 63,714 Indirect installment Performing $ 166,188 $ 94,835 $ 61,110 $ 41,451 $ 17,650 $ 4,705 $ — $ 385,939 Non–performing 46 93 162 92 88 72 — 553 Total indirect installment $ 166,234 $ 94,928 $ 61,272 $ 41,543 $ 17,738 $ 4,777 $ — $ 386,492 Home equity Performing $ 80,389 $ 51,856 $ 34,603 $ 26,924 $ 22,495 $ 65,059 $ 6,699 $ 288,025 Non–performing 9 114 37 90 166 1,321 1,208 2,945 Total home equity 80,398 51,970 34,640 27,014 22,661 66,380 7,907 290,970 Total consumer $ 265,458 $ 159,654 $ 109,302 $ 75,584 $ 46,436 $ 76,740 $ 8,002 $ 741,176

Allowance for Credit and Loan_2

Allowance for Credit and Loan Losses (Tables)	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Allowance for Credit Losses	The following table represents, by loan portfolio segment, a summary of changes in the ACL on loans for the twelve months ended December 31, 2022 and 2021. Twelve Months Ended December 31, 2022 Commercial Real Estate Mortgage Warehouse Consumer Total Balance, beginning of period $ 40,775 $ 3,856 $ 1,059 $ 8,596 $ 54,286 Credit loss expense (recovery) (7,650) 1,668 (39) 3,802 (2,219) PCD loans charge–offs (760) — — — (760) Charge–offs (266) (97) — (2,231) (2,594) Recoveries 346 150 — 1,255 1,751 Balance, end of period $ 32,445 $ 5,577 $ 1,020 $ 11,422 $ 50,464 Twelve Months Ended December 31, 2021 Commercial Real Estate Mortgage Warehouse Consumer Total Balance, beginning of period $ 42,210 $ 4,620 $ 1,267 $ 8,930 $ 57,027 Credit loss expense (recovery) (1,320) (755) (208) 199 (2,084) PCD loan charge–offs 984 — — — 984 Charge–offs (1,368) (159) — (1,272) (2,799) Recoveries 269 150 — 739 1,158 Balance, end of period $ 40,775 $ 3,856 $ 1,059 $ 8,596 $ 54,286

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Summary of Premises and Equipment	December 31 December 31 Land $ 30,257 $ 28,079 Buildings and improvements 85,977 86,507 Furniture and equipment 35,044 33,136 Total cost 151,278 147,722 Accumulated depreciation (58,601) (54,281) Net premises and equipment $ 92,677 $ 93,441

Loan Servicing (Tables)

Loan Servicing (Tables)	12 Months Ended
	Dec. 31, 2022
Payments for (Proceeds from) Mortgage Servicing Rights [Abstract]
Originated Mortgage Servicing Rights	December 31 December 31 December 31 Mortgage servicing rights Balances, January 1 $ 17,780 $ 17,644 $ 15,046 Servicing rights capitalized 3,184 4,209 5,530 Amortization of servicing rights (2,345) (4,073) (2,932) Balances, December 31 18,619 17,780 17,644 Impairment allowance Balances, January 1 (2,594) (5,172) (719) Additions — — (5,106) Reductions 2,594 2,578 653 Balances, December 31 — (2,594) (5,172) Mortgage servicing rights, net $ 18,619 $ 15,186 $ 12,472 Fair value, beginning of period $ 15,236 $ 12,356 $ 14,405 Fair value, end of period $ 19,992 $ 15,236 $ 12,356

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Carrying Amount of Goodwill	December 31 December 31 Balance, January 1 $ 154,572 $ 151,238 Goodwill acquired — 3,334 Measurement period adjustment 639 — Balances, December 31 $ 155,211 $ 154,572
Amortizable Intangible Assets	Amortizable intangible assets are summarized as follows: December 31, 2022 December 31, 2021 Gross Carrying Accumulated Gross Carrying Accumulated Amortizable intangible assets Core deposit intangible $ 42,220 $ (24,981) $ 40,590 $ (17,635)
Estimated Amortization	Estimated amortization for the years ending December 31 is as follows: Year Amount 2023 $ 3,612 2024 3,403 2025 3,044 2026 2,566 2027 2,119 Thereafter 2,495 $ 17,239

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2022
Statistical Disclosure for Banks [Abstract]
Deposits	December 31 December 31 Non–interest bearing demand deposits $ 1,277,768 $ 1,360,338 Interest bearing demand deposits 1,931,863 1,947,973 Money market (variable rate) 744,262 826,317 Savings deposits 906,766 937,477 Certificates of deposit of $250,000 or more 551,365 299,537 Other certificates and time deposits 445,750 431,349 Total deposits $ 5,857,774 $ 5,802,991
Certificates and Other Time Deposits for Both Retail and Brokered	Certificates and other time deposits for both retail and brokered maturing in years ending December 31 are as follows: Retail Brokered Total 2023 $ 679,021 $ 18,580 $ 697,601 2024 109,545 150,000 259,545 2025 19,057 — 19,057 2026 10,490 — 10,490 2027 10,261 — 10,261 Thereafter 161 — 161 $ 828,535 $ 168,580 $ 997,115

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Borrowings	December 31 December 31 Federal Home Loan Bank advances, variable and fixed rates ranging from 1.54% to 4.90%, due at various dates through July 29, 2032 $ 575,376 $ 525,484 Securities sold under agreements to repurchase 137,871 130,798 Federal funds purchased 134,746 — Federal Reserve Bank discount window 244,000 — Secured borrowings 50,956 56,457 Total borrowings $ 1,142,949 $ 712,739
Schedule of Contractual Maturities	Contractual maturities in years ending December 31 are as follows: Year Amount 2023 $ 742,684 2024 50,117 2025 73 2026 75 2027 — Thereafter 350,000 $ 1,142,949

Repurchase Agreements (Tables)

Repurchase Agreements (Tables)	12 Months Ended
	Dec. 31, 2022
Text Block [Abstract]
Summary of Repurchase Agreements Accounted as Secured Borrowings	The following table shows repurchase agreements accounted for as secured borrowings and the related securities, at fair value, pledged for repurchase agreements: December 31, 2022 Remaining Contractual Maturity of the Agreements Overnight Up to one One to three Three to five Five to ten Beyond ten Total Repurchase Agreements and repurchase–to–maturity transactions Repurchase Agreements $ 137,871 $ — $ — $ — $ — $ — $ 137,871 Securities pledged for Repurchase Agreements Federal agency collateralized mortgage obligations $ 13,882 $ — $ — $ — $ — $ — $ 13,882 Federal agency mortgage–backed pools 137,646 — — — — — 137,646 Private labeled mortgage–backed pools 8,989 — — — — — 8,989 Total $ 160,517 $ — $ — $ — $ — $ — $ 160,517

Income Tax (Tables)

Income Tax (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Reconciliation of Income Taxes	December 31 December 31 December 31 Income tax expense Currently payable Federal $ 9,111 $ 11,742 $ 16,914 State 888 1,303 2,377 Deferred Federal 2,208 2,056 (7,970) State (31) 255 (1,451) Total income tax expense $ 12,176 $ 15,356 $ 9,870 Reconciliation of federal statutory to actual tax expense Federal statutory income tax at 21% $ 22,173 $ 21,514 $ 16,457 Tax exempt interest (6,623) (5,362) (4,090) Tax exempt BOLI income (746) (604) (531) Stock compensation (232) (250) (160) Other tax exempt income (454) (404) (334) State tax 676 1,231 733 Tax credit investments (2,774) (981) (2,284) Nondeductible and other 156 212 79 Actual tax expense $ 12,176 $ 15,356 $ 9,870
Reconciliation of Deferred Tax Assets & Liabilities	December 31 December 31 Assets Allowance for loan losses $ 12,762 $ 13,707 Net operating loss and tax credits 9,313 — Director and employee benefits 2,019 2,094 Unrealized loss on AFS securities and cash flow hedge 28,230 — Other 555 1,785 Total assets 52,879 17,586 Liabilities Depreciation (4,599) (4,540) State tax (262) (261) Federal Home Loan Bank stock dividends (368) (371) Difference in basis of intangible assets (4,440) (3,476) Fair value adjustment on acquisitions (2,807) (3,435) Unrealized gain on AFS securities and cash flow hedge — (1,953) Other (68) (222) Total liabilities (12,544) (14,258) Net deferred tax asset/(liability) $ 40,335 $ 3,328

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Gain (Loss) (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Components of Accumulated Other Comprehensive Loss	The components of accumulated other comprehensive gain (loss) included in capital are as follows: December 31 December 31 Unrealized gain (loss) on securities available for sale $ (140,144) $ 7,201 Unamortized gain on securities held to maturity, previously transferred from AFS 3,740 5,770 Unrealized gain (loss) on derivative instruments 1,976 (3,673) Tax effect 28,230 (1,953) Total accumulated other comprehensive income (loss) $ (106,198) $ 7,345

Regulatory Capital (Tables)

Regulatory Capital (Tables)	12 Months Ended
	Dec. 31, 2022
Regulatory Capital Requirements under Banking Regulations [Abstract]
Summary of Regulatory Capital Requirement	Horizon and the Bank’s actual and required capital ratios as of December 31, 2022 and 2021 were as follows: Actual Required for Capital Adequacy Purposes (1) Required For Capital Adequacy Purposes with Capital Buffer (1) Well Capitalized Under Prompt Corrective Action Provisions (1) Amount Ratio Amount Ratio Amount Ratio Amount Ratio December 31, 2022 Total capital (to risk–weighted assets) (1) Consolidated $ 776,390 14.37 % $ 432,172 8.00 % $ 567,226 10.50 % N/A N/A Bank 726,339 13.59 % 427,456 8.00 % 561,036 10.50 % $ 534,320 10.00 % Tier 1 capital (to risk–weighted assets) (1) Consolidated 729,835 13.51 % 324,129 6.00 % 459,183 8.50 % N/A N/A Bank 679,784 12.72 % 320,592 6.00 % 454,172 8.50 % 427,456 8.00 % Common equity tier 1 capital (to risk–weighted assets) (1) Consolidated 609,630 11.28 % 243,097 4.50 % 378,151 7.00 % N/A N/A Bank 679,784 12.72 % 240,444 4.50 % 374,024 7.00 % 347,308 6.50 % Tier 1 capital (to average assets) (1) Consolidated 729,835 10.03 % 291,122 4.00 % 291,122 4.00 % N/A N/A Bank 679,784 8.89 % 305,996 4.00 % 305,996 4.00 % 382,495 5.00 % December 31, 2021 Total capital (to risk–weighted assets) (1) Consolidated $ 708,198 15.71 % $ 360,737 8.00 % $ 473,468 10.500 % N/A N/A Bank 664,061 14.72 % 361,015 8.00 % 473,832 10.500 % $ 451,269 10.00 % Tier 1 capital (to risk–weighted assets) (1) Consolidated 661,729 14.68 % 270,553 6.00 % 383,284 8.500 % N/A N/A Bank 617,592 13.69 % 270,761 6.00 % 383,578 8.500 % 361,015 8.00 % Common equity tier 1 capital (to risk–weighted assets) (1) Consolidated 541,920 12.02 % 202,915 4.50 % 315,645 7.500 % N/A N/A Bank 617,592 13.69 % 203,071 4.50 % 315,888 7.500 % 293,325 6.50 % Tier 1 capital (to average assets) (1) Consolidated 661,729 9.05 % 292,335 4.00 % 292,335 4.000 % N/A N/A Bank 617,592 8.50 % 29,064 4.00 % 290,646 4.000 % 363,307 5.00 % (1) As defined by regulatory agencies

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Summary of Option Activity under 2003 Plan	A summary of option activity under the Horizon Bancorp 2003 Omnibus Equity Incentive Plan (“2003 Plan”) as of December 31, 2022, and changes during the year then ended, is presented below: Shares Weighted– Weighted– Aggregate Outstanding, beginning of year 4,050 $ 7.49 Granted — — Exercised (4,050) 7.49 Forfeited — — Outstanding, end of year — — 0 $ — Exercisable, end of year — — 0 — A summary of option activity under the 2013 Plan as of December 31, 2022, and changes during the year then ended, is presented below: Shares Weighted– Weighted– Aggregate Outstanding, beginning of year 200,878 $ 14.46 Granted — — Exercised (32,365) 13.51 Forfeited (500) 16.76 Outstanding, end of year 168,013 14.64 3.92 $ 339,389 Exercisable, end of year 168,013 14.64 3.92 339,389
Summary of Status of Non-vested, Restricted and Performance Shares	A summary of the status of Horizon’s non–vested restricted and performance shares as of December 31, 2022 are presented below: Shares Weighted Non–vested, beginning of year 423,309 $ 14.78 Vested (97,014) 16.63 Granted 220,073 19.90 Forfeited (25,909) 14.31 Non–vested, end of year 520,459 16.45

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following tables present a summary of interest rate swap derivatives designated as cash flow accounting hedges of variable rate liabilities used in the Company's asset/liability management activities at December 31, 2022 and 2021. December 31, 2022 Weighted Average Rate Cash Flow Hedges Notional Weighted Average Remaining Maturity (years) Fair Value Receive Pay Interest rate swaps $ 50,000 3.6 years $ 1,976 1 month LIBOR 2.81 % December 31, 2021 Weighted Average Rate Cash Flow Hedges Notional Weighted Average Remaining Maturity (years) Fair Value Receive Pay Interest rate swaps $ 50,000 4.6 years $ (3,673) 1 month LIBOR 2.81 %
Fair Value of Derivative Financial Instruments	The following tables summarize the fair value of derivative financial instruments utilized by Horizon: Asset Derivatives Liability Derivatives December 31, 2022 December 31, 2022 Notional Fair Notional Fair Derivatives designated as hedging instruments Interest rate contracts – cash flow hedges $ 50,000 $ 1,976 $ — $ — Total derivatives designated as hedging instruments 50,000 1,976 — — Derivatives not designated as hedging instruments Interest rate contracts – fair value hedges 514,551 42,619 514,551 42,619 Mortgage loan contracts — — 13,800 50 Commitments to originate mortgage loans 12,179 284 — — Total derivatives not designated as hedging instruments 526,730 42,903 528,351 42,669 Total derivatives $ 576,730 $ 44,879 $ 528,351 $ 42,669 Asset Derivatives Liability Derivatives December 31, 2021 December 31, 2021 Notional Fair Notional Fair 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 hedge 488,967 14,419 488,967 14,419 Mortgage loan contracts — — 43,630 238 Commitments to originate mortgage loans 32,584 1,037 — — Total derivatives not designated as hedging instruments 521,551 15,456 532,597 14,657 Total derivatives $ 521,551 $ 15,456 $ 582,597 $ 18,330
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	The effect of the derivative instruments on the consolidated statement of comprehensive income (loss) for the 12–month periods ended December 31 is as follows: Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivative Years Ended December 31 2022 2021 2020 Derivatives in cash flow hedging relationship Interest rate contracts $ 4,463 $ 3,610 $ (3,004)
Effect of Derivative Instruments on Consolidated Statement of Income Derivative in Fair Value Hedging Relationship	The effect of the derivative instruments on the consolidated statements of income for the 12–month periods ended December 31 is as follows: Location of gain (loss) recognized on derivative Amount of Gain (Loss) Recognized on Derivative Years Ended December 31 2022 2021 2020 Derivative designated as hedging instruments Interest rate contracts – cash flow hedges Interest expense – $ (628) $ (1,901) $ (1,838) Total $ (628) $ (1,901) $ (1,838) Location of gain Amount of Gain (Loss) Recognized on Derivative Years Ended December 31 2022 2021 2020 Derivative not designated as hedging instruments Interest rate contracts – fair value hedge Interest income – loans receivable $ (39) $ (372) $ (223) Interest rate contracts – fair value hedge Interest income – investment securities (99) (267) (183) Mortgage loan contracts Non–interest income 188 (238) 38 Commitments to originate mortgage loans Non–interest income (753) (8) 781 Total $ (703) $ (885) $ 413

Disclosures about fair value _2

Disclosures about fair value of assets and liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Text Block [Abstract]
Fair Value Measurements of Assets and Liabilities Recognized on a Recurring Basis	The following table presents the fair value measurements of assets and liabilities recognized in the accompanying financial statements measured at fair value on a recurring basis and the level within the FASB ASC fair value hierarchy in which the fair value measurements fall at the following: December 31, 2022 Fair Value Quoted Prices in Significant Significant Available for sale securities U.S. Treasury and federal agencies $ 267,179 $ — $ 267,179 $ — State and municipal 433,544 — 433,544 — Federal agency collateralized mortgage obligations 31,215 — 31,215 — Federal agency mortgage–backed pools 190,656 — 190,656 — Corporate notes 74,964 — 74,964 — Total available for sale securities 997,558 — 997,558 — Interest rate swap agreements asset 44,595 — 44,595 — Commitments to originate mortgage loans 284 — 284 — Interest rate swap agreements liability (42,619) — (42,619) — Mortgage loan contracts (50) — (50) — December 31, 2021 Fair Value Quoted Prices in Significant Significant Available for sale securities U.S. Treasury and federal agencies $ 116,979 $ — $ 116,979 $ — State and municipal 639,746 — 519,282 120,464 Federal agency collateralized mortgage obligations 61,577 — 61,577 — Federal agency mortgage–backed pools 257,691 — 257,691 — Corporate notes 84,819 — 79,787 5,032 Total available for sale securities 1,160,812 — 1,035,316 125,496 Interest rate swap agreements asset 14,419 — 14,419 — Commitments to originate mortgage loans 1,037 — 1,037 — Interest rate swap agreements liability (18,092) — (18,092) — Mortgage loan contracts (238) — (238) —
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following is a reconciliation of the beginning and ending balances of recurring fair value measurements recognized in the accompanying balance sheets using significant unobservable Level 3 inputs for the year ended December 31, 2022. Available for Sale Securities Years Ended December 31 2022 2021 Beginning balance $ 125,496 $ — Transfer to Level 2 (125,496) — Included in other comprehensive income — (134) Purchases, issuances and settlements — 125,630 Principal payments — — Ending balance $ — $ 125,496
Other Assets Measured at Fair Value on Nonrecurring Basis	Certain other assets are measured at fair value on a nonrecurring basis in the ordinary course of business and are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment): Fair Quoted Prices in Significant Significant December 31, 2022 Collateral dependent loans $ 8,091 $ — $ — $ 8,091 December 31, 2021 Collateral dependent loans $ 15,176 $ — $ — $ 15,176 Mortgage servicing rights 15,186 — — 15,186
Qualitative Information About Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements, Other than Goodwill	The following table presents qualitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements, other than goodwill, at December 31, 2022 and 2021. December 31, 2022 Fair Valuation Unobservable Range Collateral dependent loans $ 8,091 Collateral based measurement Discount to reflect current market conditions and ultimate collectability 0.0%–100.0% (13.3%) December 31, 2021 Fair Valuation Unobservable Range State and municipal securities $ 120,464 Grid pricing Maturity date, 1 month–16 years, 2.05% Corporate securities 5,032 Grid pricing Maturity date, 9 years–17 years, 3.97% Collateral dependent loans $ 15,176 Collateral based measurement Discount to reflect current market conditions and ultimate collectability 0.0%–54.0% (4.8%) Mortgage servicing rights 15,186 Discounted cash flows Discount rate, 8.0%–8.0% (8.0%), 8.4%–14.6% (11.6%), 0.0%–2.0%(0.4%)

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Summary of Estimated Fair Values of Financial Instruments	The following table presents estimated fair values of the Company’s financial instruments and the level within the fair value hierarchy in which the fair value measurements fall. December 31, 2022 Carrying Quoted Prices in Significant Significant Assets Cash and due from banks $ 123,505 $ 123,505 $ — $ — Interest–earning time deposits 2,812 — 2,778 — Investment securities, held to maturity 2,022,748 — 1,681,309 — Loans held for sale 5,807 — — 5,807 Loans (excluding loan level hedges), net 4,107,534 — — 3,852,458 Stock in FHLB 26,677 — 26,677 — Interest receivable 35,294 — 35,294 — Liabilities Non–interest bearing deposits $ 1,277,768 $ 1,277,768 $ — $ — Interest bearing deposits 4,580,006 — 4,100,154 — Borrowings 1,142,949 — 1,139,926 — Subordinated notes 58,896 — 56,496 — Junior subordinated debentures issued to capital trusts 57,027 — 51,327 — Interest payable 5,380 — 5,380 — December 31, 2021 Carrying Quoted Prices in Significant Significant Assets Cash and due from banks $ 593,508 $ 593,508 $ — $ — Interest–earning time deposits 4,782 — 4,861 — Investment securities, held to maturity 1,552,443 — 1,513,520 46,471 Loans held for sale 12,579 — — 12,579 Loans (excluding loan level hedges), net 3,604,248 — — 3,513,346 Stock in FHLB 24,440 — 24,440 — Interest receivable 26,137 — 26,137 — Liabilities Non–interest bearing deposits $ 1,360,338 $ 1,360,338 $ — $ — Interest bearing deposits 4,442,653 — 4,369,011 — Borrowings 712,739 — 708,275 — Subordinated notes 58,750 — 57,906 — Junior subordinated debentures issued to capital trusts 56,785 — 53,420 — Interest payable 2,235 — 2,235 —

Condensed Financial Informati_2

Condensed Financial Information (Parent Company Only) (Tables)	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
Condensed Balance Sheets	Condensed Balance Sheets December 31 December 31 Assets Total cash and cash equivalents $ 54,097 $ 53,907 Investment in subsidiaries 748,983 796,054 Other assets 10,519 9,510 Total assets $ 813,599 $ 859,471 Liabilities Subordinated notes $ 58,896 $ 58,750 Junior subordinated debentures issued to capital trusts 57,027 56,785 Other liabilities 20,301 20,727 Stockholders’ Equity 677,375 723,209 Total liabilities and stockholders’ equity $ 813,599 $ 859,471
Condensed Statements of Income	Condensed Statements of Income Years Ended December 31 2022 2021 2020 Operating Income (Expense) Dividend income from subsidiaries $ 34,750 $ 22,500 $ 61,400 Other income 45 25 106 Interest expense (6,258) (5,767) (4,483) Salaries and employee benefits (2,551) (1,890) (1,997) Other expense (411) (591) (517) Income Before Undistributed Income of Subsidiaries 25,575 14,277 54,509 Undistributed Income of Subsidiaries 66,473 71,439 13,131 Income Before Tax 92,048 85,716 67,640 Income Tax Benefit 1,360 1,375 859 Net Income Available to Common Shareholders $ 93,408 $ 87,091 $ 68,499
Condensed Statements of Comprehensive Income	Condensed Statements of Comprehensive Income (Loss) Years Ended December 31 2022 2021 2020 Net Income $ 93,408 $ 87,091 $ 68,499 Other Comprehensive Income (Loss) Change in fair value of derivative instruments, net of taxes 4,463 3,610 (3,004) Unrealized gain (loss) for the period on held to maturity securities, net of taxes (1,603) 4,687 (46) Unrealized gain (loss) on available for sale securities, net of taxes (116,403) (28,082) 27,865 Less: reclassification adjustment for realized gains included in net income, net of taxes — (722) (3,395) (113,543) (20,507) 21,420 Comprehensive Income (Loss) $ (20,135) $ 66,584 $ 89,919
Condensed Statements of Cash Flows	Condensed Statements of Cash Flows Years Ended December 31 2022 2021 2020 Operating Activities Net income $ 93,408 $ 87,091 $ 68,499 Items not requiring (providing) cash Equity in undistributed net income of subsidiaries (66,473) (71,439) (13,131) Change in: Share based compensation 2,475 1,819 1,338 Other assets (284) 730 (20) Other liabilities 120 946 (14) Net cash provided by operating activities 29,246 19,147 56,672 Investing Activities Capital contribution to subsidiary — (60,000) — Net cash used in investing activities — (60,000) — Financing Activities Other change in borrowings 388 384 16 Repurchase of outstanding stock — (7,607) (19,636) Dividends paid on common shares (27,765) (24,768) (21,183) Proceeds from issuance of stock — — 1,233 Net settlement of share awards (1,824) (1,355) — Stock option exercises 145 1,062 157 Net proceeds from issuance of subordinated notes — — 58,824 Net cash (used in) provided by financing activities (29,056) (32,284) 19,411 Net Change in Cash and Cash Equivalents 190 (73,137) 76,083 Cash and Cash Equivalents at Beginning of Year 53,907 127,044 50,961 Cash and Cash Equivalents at End of Year $ 54,097 $ 53,907 $ 127,044

Nature of Operations and Summ_4

Nature of Operations and Summary of Significant Accounting Policies - Additional Information (Details) $ / shares in Units, $ in Thousands			12 Months Ended
	Mar. 06, 2020 $ / shares shares	Jan. 01, 2020 USD ($)	Dec. 31, 2022 USD ($) office segment $ / shares shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2020 USD ($) shares	Dec. 31, 2019 USD ($)	Jul. 16, 2019 shares
Schedule Of Accounting Policies [Line Items]
Full service facilities maintained by bank | office			71
Accrued interest receivable			$ 17,500	$ 11,500
Minimum period required for satisfactory performance to return loan from non-accrual to accrual status			6 months
Commercial loans as a percentage of total loan			59%
Residential real estate loans as a percentage of total loan			16%
Installment loans as a percentage of total loan			23%
Mortgage warehouse loans as a percentage of total loan			2%
Allowance for credit loss		$ 22,577	$ 50,464	54,286	$ 57,027
Investment in limited partnerships			4,500	2,300
Core deposit intangibles			17,200
Goodwill			$ 155,211	$ 154,572	$ 151,238
Uncertain tax positions recognized			50%
Shares, non-dilutive (in shares) | shares			319,760	140,955	278,776
Number of shares authorized to be repurchased | shares							2,250,000
Number of shares repurchased | shares	1,000,000		803,349
Average price per share repurchased | $ / shares	$ 15.19		$ 16.89
Amount available for payment of dividend			$ 149,900
Compensation expense			$ 2,500	$ 1,800	$ 1,300
Number of business segment | segment			1
Net income			$ 93,408	87,091	68,499
Stockholders’ Equity			$ 677,375	$ 723,209	$ 692,216	$ 656,023
Revision of Prior Period, Accounting Standards Update, Adjustment
Schedule Of Accounting Policies [Line Items]
Stockholders’ Equity		15,600
Measurement Input, Discount Rate
Schedule Of Accounting Policies [Line Items]
Factor considered to be significant for fair value measurement			0.10
Minimum
Schedule Of Accounting Policies [Line Items]
Loan delinquency period			90 days
Maximum
Schedule Of Accounting Policies [Line Items]
Allowance for loan losses charge down family first and junior lien mortgages past due period			180 days
Allowance for loan losses charge down unsecured open end loans past due period			90 days
Buildings and improvements | Minimum
Schedule Of Accounting Policies [Line Items]
Useful Life for depreciation			3 years
Buildings and improvements | Maximum
Schedule Of Accounting Policies [Line Items]
Useful Life for depreciation			40 years
Furniture and equipment | Minimum
Schedule Of Accounting Policies [Line Items]
Useful Life for depreciation			2 years
Furniture and equipment | Maximum
Schedule Of Accounting Policies [Line Items]
Useful Life for depreciation			20 years
Accounting Standards Update 2016-13
Schedule Of Accounting Policies [Line Items]
PCD loans charge–offs		$ 2,800

Nature of Operations and Summ_5

Nature of Operations and Summary of Significant Accounting Policies - Summary of Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Basic earnings per share
Net Income	$ 93,408	$ 87,091	$ 68,499
Weighted average common shares outstanding (in shares)	43,568,823	43,802,733	44,044,737
Basic Earnings Per Share (in USD per share)	$ 2.14	$ 1.99	$ 1.56
Diluted earnings per share
Net income available to common shareholders	$ 93,408	$ 87,091	$ 68,499
Effect of dilutive securities:
Weighted average common shares outstanding (in shares)	43,699,115	43,955,280	44,123,076
Diluted Earnings Per Share (in USD per share)	$ 2.14	$ 1.98	$ 1.55
Restricted stock
Effect of dilutive securities:
Effect of dilutive securities (in shares)	92,381	107,988	41,817
Stock options
Effect of dilutive securities:
Effect of dilutive securities (in shares)	37,911	44,559	36,522

Nature of Operations and Summ_6

Nature of Operations and Summary of Significant Accounting Policies - Error Correction (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Loans, net of allowance for credit losses		$ 3,604,248
Other assets	$ 139,281	66,836
Total assets	7,872,518	7,411,889
Borrowings	1,142,949	712,739
Total liabilities	7,195,143	6,688,680
Total liabilities and stockholders’ equity	7,872,518	7,411,889
Interest Income
Loans receivable	173,500	155,732	$ 174,262
Total interest income	236,033	194,110	199,968
Net Interest Income	199,518	175,805	165,530
Net Interest Income after Credit Loss Expense	201,334	177,889	144,779
Non–interest Expense
Loan expense	5,411	5,492	5,218
Total non–interest expense	143,201	133,394	126,031
Net Income Available to Common Shareholders	93,408	87,091	68,499
Operating Activities
Increase (Decrease) in Other Operating Assets	(13,964)	9,633	(4,456)
Net cash provided by operating activities	94,380	106,350	78,858
Investing Activities
Net change in loans	(448,284)	480,028	(239,938)
Net cash used in investing activities	(1,019,932)	(344,853)	(478,458)
Financing Activities
Repurchase of outstanding stock	0	(7,607)	(19,636)
Net cash provided by (used in) financing activities	455,549	582,300	550,480
Net Change in Cash and Cash Equivalents	$ (470,003)	343,797	150,880
As Reported
Statement of Financial Position [Abstract]
Loans, net of allowance for credit losses		3,553,345
Other assets		80,753
Total assets		7,374,903
Borrowings		675,753
Total liabilities		6,651,694
Total liabilities and stockholders’ equity		7,374,903
Interest Income
Loans receivable		161,617	179,672
Total interest income		199,995	205,378
Net Interest Income		181,690	170,940
Net Interest Income after Credit Loss Expense		183,774	150,189
Non–interest Expense
Loan expense		11,377	10,628
Total non–interest expense		139,279	131,441
Net Income Available to Common Shareholders		87,091	68,499
Operating Activities
Increase (Decrease) in Other Operating Assets		10,964	(13,987)
Net cash provided by operating activities		105,348	78,765
Investing Activities
Net change in loans		469,412	(234,166)
Repurchase of outstanding stock		(7,607)	(19,636)
Net cash used in investing activities		(363,076)	(492,322)
Financing Activities
Proceeds from borrowings		201,137	(74,725)
Net cash provided by (used in) financing activities		601,525	564,437
Net Change in Cash and Cash Equivalents		343,797	150,880
Adjustment
Interest Income
Loans receivable		(5,885)	(5,410)
Total interest income		(5,885)	(5,410)
Net Interest Income		(5,885)	(5,410)
Net Interest Income after Credit Loss Expense		(5,885)	(5,410)
Non–interest Expense
Loan expense		(5,885)	(5,410)
Total non–interest expense		(5,885)	(5,410)
Adjustment | Sold Commercial Loan Participation Adjustment
Statement of Financial Position [Abstract]
Loans, net of allowance for credit losses		36,986
Total assets		36,986
Borrowings		36,986
Total liabilities		36,986
Total liabilities and stockholders’ equity		36,986
Investing Activities
Net change in loans		11,234	(5,695)
Net cash used in investing activities		11,234	(5,695)
Financing Activities
Proceeds from borrowings		(11,234)	5,695
Net cash provided by (used in) financing activities		(11,234)	5,695
Adjustment | Indirect Loan Dealer Reserve Adjustment
Statement of Financial Position [Abstract]
Loans, net of allowance for credit losses		13,917
Other assets		(13,917)
Operating Activities
Increase (Decrease) in Other Operating Assets		618	77
Net cash provided by operating activities		618	77
Investing Activities
Net change in loans		(618)	(77)
Net cash used in investing activities		(618)	(77)
Adjustment | Repurchase of Outstanding Stock Adjustment
Investing Activities
Net change in loans		0
Repurchase of outstanding stock		7,607	19,636
Net cash used in investing activities		7,607	19,636
Financing Activities
Repurchase of outstanding stock		(7,607)	(19,636)
Net cash provided by (used in) financing activities		(7,607)	(19,636)
As Revised
Operating Activities
Increase (Decrease) in Other Operating Assets		11,582	(13,910)
Net cash provided by operating activities		105,966	78,842
Investing Activities
Net change in loans		480,028	(239,938)
Net cash used in investing activities		(344,853)	(478,458)
Financing Activities
Proceeds from borrowings		189,903	(69,030)
Repurchase of outstanding stock		(7,607)	(19,636)
Net cash provided by (used in) financing activities		582,684	550,496
Net Change in Cash and Cash Equivalents		$ 343,797	$ 150,880

Nature of Operations and Summ_7

Nature of Operations and Summary of Significant Accounting Policies - Fair Value of Securities Correction (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Available for sale
Amortized Cost	$ 1,137,702	$ 1,153,611
Gross Unrealized Gains	335	16,800
Gross Unrealized Losses	(140,479)	(9,599)
Fair Value	997,558	1,160,812
Held to maturity
Investment securities, held to maturity	2,022,748	1,552,443
Gross Unrealized Gains	374	20,954
Gross Unrealized Losses	(341,813)	(13,406)
Fair Value	1,681,309	1,559,991
Federal agency mortgage–backed pools
Available for sale
Amortized Cost	220,963	257,185
Gross Unrealized Gains	0	1,914
Gross Unrealized Losses	(30,307)	(1,408)
Fair Value	190,656	257,691
Held to maturity
Investment securities, held to maturity	343,953	247,937
Gross Unrealized Gains	0	209
Gross Unrealized Losses	(56,714)	(4,010)
Fair Value	287,239	244,136
Private labeled mortgage–backed pools
Available for sale
Amortized Cost		0
Gross Unrealized Gains		0
Gross Unrealized Losses		0
Fair Value		0
Held to maturity
Investment securities, held to maturity	35,466	40,447
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(5,493)	(442)
Fair Value	$ 29,973	40,005
Total held to maturity investment securities
Available for sale
Amortized Cost		257,185
Gross Unrealized Gains		1,914
Gross Unrealized Losses		(1,408)
Fair Value		257,691
Held to maturity
Investment securities, held to maturity		288,384
Gross Unrealized Gains		209
Gross Unrealized Losses		(4,452)
Fair Value		284,141
As Reported | Federal agency mortgage–backed pools
Available for sale
Amortized Cost		225,329
Gross Unrealized Gains		1,777
Gross Unrealized Losses		(1,032)
Fair Value		226,074
Held to maturity
Investment securities, held to maturity		188,426
Gross Unrealized Gains		151
Gross Unrealized Losses		(2,612)
Fair Value		185,965
As Reported | Private labeled mortgage–backed pools
Available for sale
Amortized Cost		31,856
Gross Unrealized Gains		137
Gross Unrealized Losses		(376)
Fair Value		31,617
Held to maturity
Investment securities, held to maturity		99,958
Gross Unrealized Gains		58
Gross Unrealized Losses		(1,840)
Fair Value		98,176
As Reported | Total held to maturity investment securities
Available for sale
Amortized Cost		257,185
Gross Unrealized Gains		1,914
Gross Unrealized Losses		(1,408)
Fair Value		257,691
Held to maturity
Investment securities, held to maturity		288,384
Gross Unrealized Gains		209
Gross Unrealized Losses		(4,452)
Fair Value		284,141
Adjustment | Federal agency mortgage–backed pools
Available for sale
Amortized Cost		31,856
Gross Unrealized Gains		137
Gross Unrealized Losses		(376)
Fair Value		31,617
Held to maturity
Investment securities, held to maturity		59,511
Gross Unrealized Gains		58
Gross Unrealized Losses		(1,398)
Fair Value		58,171
Adjustment | Private labeled mortgage–backed pools
Available for sale
Amortized Cost		(31,856)
Gross Unrealized Gains		(137)
Gross Unrealized Losses		376
Fair Value		(31,617)
Held to maturity
Investment securities, held to maturity		(59,511)
Gross Unrealized Gains		(58)
Gross Unrealized Losses		1,398
Fair Value		$ (58,171)

Nature of Operations and Summ_8

Nature of Operations and Summary of Significant Accounting Policies - Impact of ASC 326 (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Jan. 01, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, allowance for credit loss	$ 50,464	$ 54,286	$ 57,027	$ 22,577
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, allowance for credit loss				13,618
Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, allowance for credit loss				4,048
Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, allowance for credit loss	$ 1,020	$ 1,059	$ 1,267	0
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, allowance for credit loss				4,911
As Reported Under ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, allowance for credit loss				40,244
As Reported Under ASC 326 | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, allowance for credit loss				25,614
As Reported Under ASC 326 | Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, allowance for credit loss				4,971
As Reported Under ASC 326 | Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, allowance for credit loss				1,077
As Reported Under ASC 326 | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, allowance for credit loss				8,582
Impact of adopting ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, allowance for credit loss				17,667
Impact of adopting ASC 326 | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, allowance for credit loss				11,996
Impact of adopting ASC 326 | Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, allowance for credit loss				923
Impact of adopting ASC 326 | Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, allowance for credit loss				1,077
Impact of adopting ASC 326 | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, allowance for credit loss				$ 3,671

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) $ in Thousands		12 Months Ended
	Sep. 17, 2021 USD ($) county business	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Asset Acquisition [Line Items]
Net cash received in branch acquisition		$ 0	$ 622,179	$ 0
Goodwill		$ 155,211	$ 154,572	$ 151,238
TCF National Bank
Asset Acquisition [Line Items]
Number of businesses acquired | business	14
Number of businesses acquired in country | county	11
Net cash received in branch acquisition	$ 618,167
Loans	212,000
Fixed assets	6,901
Cash and due from banks	$ 4,012
Premium percentage on deposits	1.75%
Customer deposits	$ 846,400
Goodwill	3,973
TCF National Bank | Core Deposit Intangible
Asset Acquisition [Line Items]
Core deposit intangible	$ 1,600
Core deposit intangible amortization period	10 years

Acquisitions - Schedule of Purc

Acquisitions - Schedule of Purchase Price of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands		12 Months Ended
	Sep. 17, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Assets
Goodwill		$ 155,211	$ 154,572	$ 151,238
Liabilities
Net cash received		$ 0	$ (622,179)	$ 0
TCF National Bank
Assets
Cash and due from banks	$ 4,012
Commercial	101,327
Residential mortgage	56,499
Consumer	54,212
Total loans	212,038
Premises and equipment, net	6,901
Goodwill	3,973
Core deposit intangible	1,630
Interest receivable	519
Other assets	463
Total assets purchased	229,536
Liabilities
Non-interest bearing	181,403
NOW accounts	303,050
Savings and money market	262,488
Certificates of deposit	99,468
Total deposits	846,409
Interest payable	16
Other liabilities	1,278
Total liabilities assumed	847,703
Net cash received	$ (618,167)

Cash Equivalents - Additional I

Cash Equivalents - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Cash and Cash Equivalents [Abstract]
Cash equivalent maximum maturity period	3 months
Increase in cash account over the insured limit	$ 25.7
Federal home loan bank stock and federal reserve bank stock	$ 4.4

Securities - Fair Value of Secu

Securities - Fair Value of Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Available for sale
Amortized Cost	$ 1,137,702	$ 1,153,611
Gross Unrealized Gains	335	16,800
Gross Unrealized Losses	(140,479)	(9,599)
Fair Value	997,558	1,160,812
Held to maturity
Amortized Cost	2,022,748	1,552,443
Gross Unrealized Gains	374	20,954
Gross Unrealized Losses	(341,813)	(13,406)
Fair Value	1,681,309	1,559,991
U.S. Treasury and federal agencies
Available for sale
Amortized Cost	294,329	118,595
Gross Unrealized Gains	0	82
Gross Unrealized Losses	(27,150)	(1,698)
Fair Value	267,179	116,979
Held to maturity
Amortized Cost	295,250	195,429
Gross Unrealized Gains	0	12
Gross Unrealized Losses	(49,237)	(1,215)
Fair Value	246,013	194,226
State and municipal
Available for sale
Amortized Cost	505,006	632,652
Gross Unrealized Gains	140	12,802
Gross Unrealized Losses	(71,602)	(5,708)
Fair Value	433,544	639,746
Held to maturity
Amortized Cost	1,127,669	862,461
Gross Unrealized Gains	374	20,719
Gross Unrealized Losses	(192,458)	(4,263)
Fair Value	935,585	878,917
Federal agency collateralized mortgage obligations
Available for sale
Amortized Cost	33,011	60,600
Gross Unrealized Gains	0	989
Gross Unrealized Losses	(1,796)	(12)
Fair Value	31,215	61,577
Held to maturity
Amortized Cost	56,564	48,482
Gross Unrealized Gains	0	3
Gross Unrealized Losses	(8,865)	(1,020)
Fair Value	47,699	47,465
Federal agency mortgage–backed pools
Available for sale
Amortized Cost	220,963	257,185
Gross Unrealized Gains	0	1,914
Gross Unrealized Losses	(30,307)	(1,408)
Fair Value	190,656	257,691
Held to maturity
Amortized Cost	343,953	247,937
Gross Unrealized Gains	0	209
Gross Unrealized Losses	(56,714)	(4,010)
Fair Value	287,239	244,136
Private labeled mortgage–backed pools
Available for sale
Amortized Cost		0
Gross Unrealized Gains		0
Gross Unrealized Losses		0
Fair Value		0
Held to maturity
Amortized Cost	35,466	40,447
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(5,493)	(442)
Fair Value	29,973	40,005
Corporate notes
Available for sale
Amortized Cost	84,393	84,579
Gross Unrealized Gains	195	1,013
Gross Unrealized Losses	(9,624)	(773)
Fair Value	74,964	84,819
Held to maturity
Amortized Cost	163,846	157,687
Gross Unrealized Gains	0	11
Gross Unrealized Losses	(29,046)	(2,456)
Fair Value	$ 134,800	$ 155,242

Securities - Additional Informa

Securities - Additional Information (Details)		1 Months Ended	12 Months Ended
	Dec. 31, 2021 USD ($) security	Mar. 31, 2022 USD ($) security	Dec. 31, 2022 USD ($) security	Dec. 31, 2021 USD ($) security	Dec. 31, 2020 USD ($)
Investments, Debt and Equity Securities [Abstract]
Number of securities | security	475	793		475
Aggregate fair value of securities	$ 490,200,000	$ 120,900,000		$ 490,200,000
Gain(Loss) from net unrealized holdings, net of tax	$ 5,900,000	$ (814,000)	$ (118,006,000)	$ (24,117,000)	$ 24,424,000
Number of securities in unrealized loss positions | security	1,129		2,828	1,129
Unrealized loss positions	$ 1,535,967,000		$ 2,599,464,000	$ 1,535,967,000
Percentage of portfolio			86%	57%
Allowance for credit losses for available for sale debt securities	0		$ 0	$ 0
Accrued interest receivable on available for sale debt securities	$ 14,600,000		17,800,000	14,600,000
Tax effect of the proceeds from sale of securities			0	$ 192,000	$ 902,000
Pledged of fair value of securities as collateral			160,500,000
Amortization cost of securities as collateral not separately reported			186,400,000
Debt instrument repurchase agreement			137,900,000
Securities pledged for federal home loan bank at fair value			405,200,000
Securities for federal home loan bank not separately reported			439,200,000
Debt instrument federal home loan bank			244,000,000
Securities pledged for derivative at fair value			24,800,000
Securities pledged for derivative at amortized cost			27,100,000
Debt instrument derivative swap agreement			$ 43,800,000

Securities - Amortized Cost and

Securities - Amortized Cost and Fair Value of Securities Available for Sale and Held to Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Schedule of Available-for-sale Securities [Line Items]
Amortized cost within one year	$ 1,535	$ 22,980
Amortized cost one to five years	340,212	156,677
Amortized cost for five to ten years	238,045	315,630
Amortized cost for after ten years	303,936	340,539
Available for sale	883,728	835,826
Amortized Cost	1,137,702	1,153,611
Within one year, amortized cost	32,610	5,222
One to five years, amortized cost	222,443	65,739
Five to ten years, amortized cost	324,967	273,720
After ten years, amortized cost	1,006,745	870,896
Total amortized cost	1,586,765	1,215,577
Investment securities, held to maturity	2,022,748	1,552,443
Fair value within one year	1,512	22,984
Fair value for one to five years	312,137	156,397
Fair value for five to ten years	204,282	316,125
Fair value for after ten years	257,756	346,038
Total fair value	775,687	841,544
Investment securities, available for sale	997,558	1,160,812
Within one year, fair value	32,382	5,265
One to five years, fair value	209,854	66,982
five to ten years, fair value	280,618	275,308
After ten years, fair value	793,544	880,830
Total fair value	1,316,398	1,228,385
Fair Value	1,681,309	1,559,991
Federal agency collateralized mortgage obligations
Schedule of Available-for-sale Securities [Line Items]
Available for sale	33,011	60,600
Amortized Cost	33,011	60,600
Investment securities, held to maturity	56,564	48,482
Investment securities, available for sale	31,215	61,577
Fair Value	47,699	47,465
Federal agency mortgage–backed pools
Schedule of Available-for-sale Securities [Line Items]
Available for sale	220,963	257,185
Amortized Cost	220,963	257,185
Investment securities, held to maturity	343,953	247,937
Investment securities, available for sale	190,656	257,691
Fair Value	287,239	244,136
Private labeled mortgage–backed pools
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		0
Investment securities, held to maturity	35,466	40,447
Investment securities, available for sale		0
Fair Value	$ 29,973	$ 40,005

Securities - Gross Unrealized L

Securities - Gross Unrealized Losses and Fair Value of Company's Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Schedule of Available-for-sale Securities [Line Items]
Fair Value less than 12 months	$ 880,068	$ 1,500,686
Unrealized losses less than 12 months	(75,452)	(21,993)
Fair value more than 12 months	1,719,396	35,281
Unrealized losses more than 12 months	(406,840)	(1,012)
Total fair value	2,599,464	1,535,967
Total unrealized losses	(482,292)	(23,005)
U.S. Treasury and federal agencies
Schedule of Available-for-sale Securities [Line Items]
Fair Value less than 12 months	217,357	268,732
Unrealized losses less than 12 months	(16,692)	(2,483)
Fair value more than 12 months	295,585	15,820
Unrealized losses more than 12 months	(59,695)	(430)
Total fair value	512,942	284,552
Total unrealized losses	(76,387)	(2,913)
State and municipal
Schedule of Available-for-sale Securities [Line Items]
Fair Value less than 12 months	533,871	539,882
Unrealized losses less than 12 months	(45,881)	(9,389)
Fair value more than 12 months	757,061	19,461
Unrealized losses more than 12 months	(218,179)	(582)
Total fair value	1,290,932	559,343
Total unrealized losses	(264,060)	(9,971)
Federal agency collateralized mortgage obligations
Schedule of Available-for-sale Securities [Line Items]
Fair Value less than 12 months	40,301	56,027
Unrealized losses less than 12 months	(2,881)	(1,032)
Fair value more than 12 months	38,613	0
Unrealized losses more than 12 months	(7,780)	0
Total fair value	78,914	56,027
Total unrealized losses	(10,661)	(1,032)
Federal agency mortgage–backed pools
Schedule of Available-for-sale Securities [Line Items]
Fair Value less than 12 months	49,633	406,540
Unrealized losses less than 12 months	(3,211)	(5,418)
Fair value more than 12 months	428,243	0
Unrealized losses more than 12 months	(83,810)	0
Total fair value	477,876	406,540
Total unrealized losses	(87,021)	(5,418)
Private labeled mortgage–backed pools
Schedule of Available-for-sale Securities [Line Items]
Fair Value less than 12 months	0	40,005
Unrealized losses less than 12 months	0	(442)
Fair value more than 12 months	29,973	0
Unrealized losses more than 12 months	(5,493)	0
Total fair value	29,973	40,005
Total unrealized losses	(5,493)	(442)
Corporate notes
Schedule of Available-for-sale Securities [Line Items]
Fair Value less than 12 months	38,906	189,500
Unrealized losses less than 12 months	(6,787)	(3,229)
Fair value more than 12 months	169,921	0
Unrealized losses more than 12 months	(31,883)	0
Total fair value	208,827	189,500
Total unrealized losses	$ (38,670)	$ (3,229)

Securities - Sales of Securitie

Securities - Sales of Securities Available for Sale (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Proceeds	$ 0	$ 27,514	$ 77,213
Gross gains	0	914	4,372
Gross losses	$ 0	$ 0	$ (75)

Loans - Loans Outstanding by Po

Loans - Loans Outstanding by Portfolio Class (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Jan. 01, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 4,157,998	$ 3,658,534
Allowance for credit losses	(50,464)	(54,286)	$ (57,027)	$ (22,577)
Net loans	4,107,534	3,604,248
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	2,467,422	2,213,945
Allowance for credit losses	(32,445)	(40,775)	(42,210)
Commercial | Owner occupied real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	594,562	560,887
Commercial | Non–owner occupied real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,187,077	1,088,470
Commercial | Residential spec homes
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	10,838	9,907
Commercial | Development & spec land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	27,358	24,473
Commercial | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	647,587	530,208
Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	722,821	703,413
Allowance for credit losses	(5,577)	(3,856)	(4,620)
Real Estate | Residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	612,551	563,811
Real Estate | Residential construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	40,741	30,571
Real Estate | Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	69,529	109,031
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	967,755	741,176
Allowance for credit losses	(11,422)	(8,596)	$ (8,930)
Consumer | Direct installment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	56,614	63,714
Consumer | Indirect installment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	500,549	386,492
Consumer | Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 410,592	$ 290,970

Loans - Additional Information

Loans - Additional Information (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) loan payment	Dec. 31, 2021 USD ($) loan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Paycheck protection program	$ 217,000	$ 25,800,000
Deferred loan costs	$ 22,700,000	(15,800,000)
Period of loan sold	30 days
Minimum period seldom held	90 days
Mortgage warehousing maximum pay off period	30 days
Nonaccrual interest income	$ 0	0
Non-accrual loans	17,630,000	14,962,000
Non-performing TDRs	1,500,000	1,500,000
TDR loans	$ 1,548,000	1,521,000
Restructured loan returned to accruing status number of Consecutive Payments of loan | payment	6
Restructured loan reported in TDRs	$ 4,118,000	3,912,000
Specific reserves allocated to troubled debt restructuring	0
Minimum
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans with an aggregate credit exposure	$ 3,000,000
Loans classified as TDR after a period	90 days
Minimum | Good Pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of consecutive years of profit for Good Pass Rating	3 years
Number of consecutive years of profit Unaudited Financial Information for Good Pass Rating	5 years
Number of years of Satisfactory Relationship with bank for Good Pass Rating	5 years
Maximum
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans with an aggregate credit exposure	$ 6,000,000
Loans classified as TDR after a period	120 days
Maximum | Satisfactory Pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
Minimum number of years of Satisfactory Repayment required for Satisfactory Pass Rating	2 years
CARES Act
Financing Receivable, Troubled Debt Restructuring [Line Items]
Restructured loan reported in TDRs	$ 34,000	10,900,000
Performing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Restructured loan reported in TDRs	$ 2,600,000	$ 2,400,000
Number TDRs returned to accrual status | loan	4	5
Loans Purchased With Evidence of Credit Deterioration
Financing Receivable, Troubled Debt Restructuring [Line Items]
Non-accrual loans	$ 1,500,000	$ 2,200,000
Non-performing TDRs	$ 105,000	$ 290,000

Loans - Non-accrual, Loans Past

Loans - Non-accrual, Loans Past Due Over 90 Days Still on Accrual, and Troubled Debt Restructured ("TDRs") by Class of Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Non–accrual	$ 17,630	$ 14,962
Loans Past Due Over 90 Days Still Accruing	92	145
Non–performing TDRs	1,548	1,521
Performing TDRs	2,570	2,391
Total Non–performing Loans	21,840	19,019
Non–performing Loans with no Allowance for Credit Losses	18,980	16,727
Commercial
Financing Receivable, Past Due [Line Items]
Non–accrual	8,493	6,621
Loans Past Due Over 90 Days Still Accruing	0	0
Non–performing TDRs	0	285
Performing TDRs	837	603
Total Non–performing Loans	9,330	7,509
Non–performing Loans with no Allowance for Credit Losses	6,470	5,217
Commercial | Owner occupied real estate
Financing Receivable, Past Due [Line Items]
Non–accrual	3,423	4,247
Loans Past Due Over 90 Days Still Accruing	0	0
Non–performing TDRs	0	0
Performing TDRs	568	603
Total Non–performing Loans	3,991	4,850
Non–performing Loans with no Allowance for Credit Losses	3,805	2,796
Commercial | Non–owner occupied real estate
Financing Receivable, Past Due [Line Items]
Non–accrual	3,866	761
Loans Past Due Over 90 Days Still Accruing	0	0
Non–performing TDRs	0	285
Performing TDRs	269	0
Total Non–performing Loans	4,135	1,046
Non–performing Loans with no Allowance for Credit Losses	2,211	1,046
Commercial | Residential spec homes
Financing Receivable, Past Due [Line Items]
Non–accrual	101	0
Loans Past Due Over 90 Days Still Accruing	0	0
Non–performing TDRs	0	0
Performing TDRs	0	0
Total Non–performing Loans	101	0
Non–performing Loans with no Allowance for Credit Losses	101	0
Commercial | Development & spec land
Financing Receivable, Past Due [Line Items]
Non–accrual	815	919
Loans Past Due Over 90 Days Still Accruing	0	0
Non–performing TDRs	0	0
Performing TDRs	0	0
Total Non–performing Loans	815	919
Non–performing Loans with no Allowance for Credit Losses	65	919
Commercial | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Non–accrual	288	694
Loans Past Due Over 90 Days Still Accruing	0	0
Non–performing TDRs	0	0
Performing TDRs	0	0
Total Non–performing Loans	288	694
Non–performing Loans with no Allowance for Credit Losses	288	456
Real Estate
Financing Receivable, Past Due [Line Items]
Non–accrual	5,479	5,626
Loans Past Due Over 90 Days Still Accruing	43	66
Non–performing TDRs	1,210	892
Performing TDRs	1,391	1,421
Total Non–performing Loans	8,123	8,005
Non–performing Loans with no Allowance for Credit Losses	8,123	8,005
Real Estate | Residential mortgage
Financing Receivable, Past Due [Line Items]
Non–accrual	5,479	5,626
Loans Past Due Over 90 Days Still Accruing	43	66
Non–performing TDRs	1,210	892
Performing TDRs	1,391	1,421
Total Non–performing Loans	8,123	8,005
Non–performing Loans with no Allowance for Credit Losses	8,123	8,005
Real Estate | Residential construction
Financing Receivable, Past Due [Line Items]
Non–accrual	0	0
Loans Past Due Over 90 Days Still Accruing	0	0
Non–performing TDRs	0	0
Performing TDRs	0	0
Total Non–performing Loans	0	0
Non–performing Loans with no Allowance for Credit Losses	0	0
Real Estate | Mortgage warehouse
Financing Receivable, Past Due [Line Items]
Non–accrual	0	0
Loans Past Due Over 90 Days Still Accruing	0	0
Non–performing TDRs	0	0
Performing TDRs	0	0
Total Non–performing Loans	0	0
Non–performing Loans with no Allowance for Credit Losses	0	0
Consumer
Financing Receivable, Past Due [Line Items]
Non–accrual	3,658	2,715
Loans Past Due Over 90 Days Still Accruing	49	79
Non–performing TDRs	338	344
Performing TDRs	342	367
Total Non–performing Loans	4,387	3,505
Non–performing Loans with no Allowance for Credit Losses	4,387	3,505
Consumer | Direct installment
Financing Receivable, Past Due [Line Items]
Non–accrual	138	7
Loans Past Due Over 90 Days Still Accruing	26	0
Non–performing TDRs	0	0
Performing TDRs	0	0
Total Non–performing Loans	164	7
Non–performing Loans with no Allowance for Credit Losses	164	7
Consumer | Indirect installment
Financing Receivable, Past Due [Line Items]
Non–accrual	745	538
Loans Past Due Over 90 Days Still Accruing	23	15
Non–performing TDRs	0	0
Performing TDRs	0	0
Total Non–performing Loans	768	553
Non–performing Loans with no Allowance for Credit Losses	768	553
Consumer | Home equity
Financing Receivable, Past Due [Line Items]
Non–accrual	2,775	2,170
Loans Past Due Over 90 Days Still Accruing	0	64
Non–performing TDRs	338	344
Performing TDRs	342	367
Total Non–performing Loans	3,455	2,945
Non–performing Loans with no Allowance for Credit Losses	$ 3,455	$ 2,945

Loans - Payment Status by Class

Loans - Payment Status by Class of Loan (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Current	$ 4,128,019	$ 3,633,370
Mortgage warehouse, Total	4,157,998	3,658,534
Total	10,801	8,681
Total Loans	4,138,820	3,642,051
30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	8,889	7,892
60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	1,820	644
90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	92	145
Commercial
Financing Receivable, Past Due [Line Items]
Current	2,458,107	2,203,431
Mortgage warehouse, Total	2,467,422	2,213,945
Total	822	3,608
Total Loans	2,458,929	2,207,039
Commercial | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	792	3,529
Commercial | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	30	79
Commercial | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	0	0
Commercial | Owner occupied real estate
Financing Receivable, Past Due [Line Items]
Current	590,870	555,851
Mortgage warehouse, Total	594,562	560,887
Total	269	789
Total Loans	591,139	556,640
Commercial | Owner occupied real estate | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	269	789
Commercial | Owner occupied real estate | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	0	0
Commercial | Owner occupied real estate | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	0	0
Commercial | Non–owner occupied real estate
Financing Receivable, Past Due [Line Items]
Current	1,183,195	1,085,716
Mortgage warehouse, Total	1,187,077	1,088,470
Total	16	1,708
Total Loans	1,183,211	1,087,424
Commercial | Non–owner occupied real estate | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	16	1,708
Commercial | Non–owner occupied real estate | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	0	0
Commercial | Non–owner occupied real estate | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	0	0
Commercial | Residential spec homes
Financing Receivable, Past Due [Line Items]
Current	10,737	9,907
Mortgage warehouse, Total	10,838	9,907
Total	0	0
Total Loans	10,737	9,907
Commercial | Residential spec homes | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	0	0
Commercial | Residential spec homes | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	0	0
Commercial | Residential spec homes | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	0	0
Commercial | Development & spec land
Financing Receivable, Past Due [Line Items]
Current	26,513	23,496
Mortgage warehouse, Total	27,358	24,473
Total	30	58
Total Loans	26,543	23,554
Commercial | Development & spec land | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	0	58
Commercial | Development & spec land | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	30	0
Commercial | Development & spec land | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	0	0
Commercial | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Current	646,792	528,461
Mortgage warehouse, Total	647,587	530,208
Total	507	1,053
Total Loans	647,299	529,514
Commercial | Commercial and industrial | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	507	974
Commercial | Commercial and industrial | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	0	79
Commercial | Commercial and industrial | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	0	0
Real Estate
Financing Receivable, Past Due [Line Items]
Current	713,900	695,730
Mortgage warehouse, Total	722,821	703,413
Total	2,232	1,165
Total Loans	716,132	696,895
Real Estate | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	1,980	834
Real Estate | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	209	265
Real Estate | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	43	66
Real Estate | Residential mortgage
Financing Receivable, Past Due [Line Items]
Current	603,630	556,128
Mortgage warehouse, Total	612,551	563,811
Total	2,232	1,165
Total Loans	605,862	557,293
Real Estate | Residential mortgage | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	1,980	834
Real Estate | Residential mortgage | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	209	265
Real Estate | Residential mortgage | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	43	66
Real Estate | Residential construction
Financing Receivable, Past Due [Line Items]
Current	40,741	30,571
Mortgage warehouse, Total	40,741	30,571
Total	0	0
Total Loans	40,741	30,571
Real Estate | Residential construction | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	0	0
Real Estate | Residential construction | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	0	0
Real Estate | Residential construction | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	0	0
Real Estate | Mortgage warehouse
Financing Receivable, Past Due [Line Items]
Current	69,529	109,031
Mortgage warehouse, Total	69,529	109,031
Total	0	0
Total Loans	69,529	109,031
Real Estate | Mortgage warehouse | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	0	0
Real Estate | Mortgage warehouse | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	0	0
Real Estate | Mortgage warehouse | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	0	0
Consumer
Financing Receivable, Past Due [Line Items]
Current	956,012	734,209
Mortgage warehouse, Total	967,755	741,176
Total	7,747	3,908
Total Loans	963,759	738,117
Consumer | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	6,117	3,529
Consumer | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	1,581	300
Consumer | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	49	79
Consumer | Direct installment
Financing Receivable, Past Due [Line Items]
Current	56,266	63,295
Mortgage warehouse, Total	56,614	63,714
Total	210	412
Total Loans	56,476	63,707
Consumer | Direct installment | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	168	409
Consumer | Direct installment | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	16	3
Consumer | Direct installment | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	26	0
Consumer | Indirect installment
Financing Receivable, Past Due [Line Items]
Current	494,341	383,532
Mortgage warehouse, Total	500,549	386,492
Total	5,463	2,422
Total Loans	499,804	385,954
Consumer | Indirect installment | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	4,536	2,271
Consumer | Indirect installment | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	904	136
Consumer | Indirect installment | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	23	15
Consumer | Home equity
Financing Receivable, Past Due [Line Items]
Current	405,405	287,382
Mortgage warehouse, Total	410,592	290,970
Total	2,074	1,074
Total Loans	407,479	288,456
Consumer | Home equity | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	1,413	849
Consumer | Home equity | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	661	161
Consumer | Home equity | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Mortgage warehouse, Total	$ 0	$ 64

Loans - Schedule of TDRs by Loa

Loans - Schedule of TDRs by Loan Portfolio (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDR loans	$ 1,548	$ 1,521
Performing TDRs	2,570	2,391
Total	4,118	3,912
Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDR loans	0	285
Performing TDRs	837	603
Total	837	888
Commercial | Owner occupied real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDR loans	0	0
Performing TDRs	568	603
Total	568	603
Commercial | Non–owner occupied real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDR loans	0	285
Performing TDRs	269	0
Total	269	285
Commercial | Residential spec homes
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDR loans	0	0
Performing TDRs	0	0
Total	0	0
Commercial | Development & spec land
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDR loans	0	0
Performing TDRs	0	0
Total	0	0
Commercial | Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDR loans	0	0
Performing TDRs	0	0
Total	0	0
Real Estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDR loans	1,210	892
Performing TDRs	1,391	1,421
Total	2,601	2,313
Real Estate | Residential mortgage
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDR loans	1,210	892
Performing TDRs	1,391	1,421
Total	2,601	2,313
Real Estate | Residential construction
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDR loans	0	0
Performing TDRs	0	0
Total	0	0
Real Estate | Mortgage warehouse
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDR loans	0	0
Performing TDRs	0	0
Total	0	0
Consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDR loans	338	344
Performing TDRs	342	367
Total	680	711
Consumer | Direct installment
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDR loans	0	0
Performing TDRs	0	0
Total	0	0
Consumer | Indirect installment
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDR loans	0	0
Performing TDRs	0	0
Total	0	0
Consumer | Home equity
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDR loans	338	344
Performing TDRs	342	367
Total	$ 680	$ 711

Loans - Collateral Pledged Loan

Loans - Collateral Pledged Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	$ 4,157,998	$ 3,658,534
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	2,467,422	2,213,945
Commercial | Owner occupied real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	594,562	560,887
Commercial | Non–owner occupied real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	1,187,077	1,088,470
Commercial | Residential spec homes
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	10,838	9,907
Commercial | Development & spec land
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	27,358	24,473
Commercial | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	647,587	530,208
Collateral Pledged
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	9,330	15,936
ACL Allocation	1,239	760
Collateral Pledged | Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	9,330	15,936
ACL Allocation	1,239	760
Collateral Pledged | Commercial | Owner occupied real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	4,000	11,304
ACL Allocation	215	632
Collateral Pledged | Commercial | Non–owner occupied real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	4,135	2,068
ACL Allocation	988	0
Collateral Pledged | Commercial | Residential spec homes
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	101
ACL Allocation	0
Collateral Pledged | Commercial | Development & spec land
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	815	919
ACL Allocation	36	0
Collateral Pledged | Commercial | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	279	1,645
ACL Allocation	0	128
Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	8,956	14,615
Real Estate | Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	8,956	14,615
Real Estate | Commercial | Owner occupied real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	3,905	11,201
Real Estate | Commercial | Non–owner occupied real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	4,135	2,068
Real Estate | Commercial | Residential spec homes
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	101
Real Estate | Commercial | Development & spec land
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	815	919
Real Estate | Commercial | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	0	427
Accounts Receivable/Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	343	1,321
Accounts Receivable/Equipment | Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	343	1,321
Accounts Receivable/Equipment | Commercial | Owner occupied real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	95	103
Accounts Receivable/Equipment | Commercial | Non–owner occupied real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	0	0
Accounts Receivable/Equipment | Commercial | Residential spec homes
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	0
Accounts Receivable/Equipment | Commercial | Development & spec land
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	0	0
Accounts Receivable/Equipment | Commercial | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	248	1,218
Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	31	0
Other | Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	31	0
Other | Commercial | Owner occupied real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	0	0
Other | Commercial | Non–owner occupied real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	0	0
Other | Commercial | Residential spec homes
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	0
Other | Commercial | Development & spec land
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	0	0
Other | Commercial | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	$ 31	$ 0

Loans - Loans by Credit Grades

Loans - Loans by Credit Grades (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 4,157,998	$ 3,658,534
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	499,976	465,638
Fiscal year before current fiscal year	410,876	221,624
Two year before current fiscal year	222,479	239,891
Three year before current fiscal year	184,764	201,914
Four year before current fiscal year	185,160	256,504
Prior	628,468	541,557
Revolving Loans	335,699	286,817
Total	2,467,422	2,213,945
Commercial | Owner occupied real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	104,002	86,798
Fiscal year before current fiscal year	85,350	59,864
Two year before current fiscal year	51,734	65,131
Three year before current fiscal year	51,648	50,289
Four year before current fiscal year	41,634	55,766
Prior	180,742	180,381
Revolving Loans	79,452	62,658
Total	594,562	560,887
Commercial | Owner occupied real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	102,986	86,798
Fiscal year before current fiscal year	78,420	58,789
Two year before current fiscal year	50,751	61,134
Three year before current fiscal year	50,807	43,903
Four year before current fiscal year	38,518	46,530
Prior	168,574	159,351
Revolving Loans	76,493	60,539
Total	566,549	517,044
Commercial | Owner occupied real estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	6,677	72
Two year before current fiscal year	0	2,685
Three year before current fiscal year	7	3,194
Four year before current fiscal year	0	7,279
Prior	2,729	11,451
Revolving Loans	83	1,345
Total	9,496	26,026
Commercial | Owner occupied real estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	1,016	0
Fiscal year before current fiscal year	253	1,003
Two year before current fiscal year	983	1,312
Three year before current fiscal year	834	3,192
Four year before current fiscal year	3,116	1,957
Prior	9,439	9,579
Revolving Loans	2,876	774
Total	18,517	17,817
Commercial | Owner occupied real estate | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Two year before current fiscal year	0	0
Three year before current fiscal year	0	0
Four year before current fiscal year	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Commercial | Non–owner occupied real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	186,272	176,258
Fiscal year before current fiscal year	177,492	109,304
Two year before current fiscal year	134,906	127,798
Three year before current fiscal year	97,449	95,104
Four year before current fiscal year	100,153	127,758
Prior	308,124	272,005
Revolving Loans	182,681	180,243
Total	1,187,077	1,088,470
Commercial | Non–owner occupied real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	186,272	175,538
Fiscal year before current fiscal year	176,077	108,465
Two year before current fiscal year	134,395	120,561
Three year before current fiscal year	96,566	59,596
Four year before current fiscal year	57,382	126,334
Prior	305,264	260,362
Revolving Loans	182,681	178,928
Total	1,138,637	1,029,784
Commercial | Non–owner occupied real estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	1,415	839
Two year before current fiscal year	265	1,192
Three year before current fiscal year	883	34,412
Four year before current fiscal year	39,239	999
Prior	617	3,850
Revolving Loans	0	515
Total	42,419	41,807
Commercial | Non–owner occupied real estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	720
Fiscal year before current fiscal year	0	0
Two year before current fiscal year	246	6,045
Three year before current fiscal year	0	1,096
Four year before current fiscal year	3,532	425
Prior	2,243	7,793
Revolving Loans	0	800
Total	6,021	16,879
Commercial | Non–owner occupied real estate | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Two year before current fiscal year	0	0
Three year before current fiscal year	0	0
Four year before current fiscal year	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Commercial | Residential spec homes
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	379	1,115
Fiscal year before current fiscal year	3,957	254
Two year before current fiscal year	146	155
Three year before current fiscal year	0	0
Four year before current fiscal year	0	0
Prior	1,922	1,346
Revolving Loans	4,434	7,037
Total	10,838	9,907
Commercial | Residential spec homes | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	379	1,115
Fiscal year before current fiscal year	3,957	254
Two year before current fiscal year	146	155
Three year before current fiscal year	0	0
Four year before current fiscal year	0	0
Prior	1,922	1,346
Revolving Loans	4,334	7,037
Total	10,738	9,907
Commercial | Residential spec homes | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Two year before current fiscal year	0	0
Three year before current fiscal year	0	0
Four year before current fiscal year	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Commercial | Residential spec homes | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Two year before current fiscal year	0	0
Three year before current fiscal year	0	0
Four year before current fiscal year	0	0
Prior	0	0
Revolving Loans	100	0
Total	100	0
Commercial | Residential spec homes | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Two year before current fiscal year	0	0
Three year before current fiscal year	0	0
Four year before current fiscal year	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Commercial | Development & spec land
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	1,586	2,282
Fiscal year before current fiscal year	1,230	536
Two year before current fiscal year	449	503
Three year before current fiscal year	270	11
Four year before current fiscal year	5	3,594
Prior	10,062	8,962
Revolving Loans	13,756	8,585
Total	27,358	24,473
Commercial | Development & spec land | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	1,586	2,282
Fiscal year before current fiscal year	1,230	536
Two year before current fiscal year	449	503
Three year before current fiscal year	270	11
Four year before current fiscal year	5	3,583
Prior	9,739	8,496
Revolving Loans	13,008	7,837
Total	26,287	23,248
Commercial | Development & spec land | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Two year before current fiscal year	0	0
Three year before current fiscal year	0	0
Four year before current fiscal year	0	0
Prior	145	177
Revolving Loans	0	0
Total	145	177
Commercial | Development & spec land | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Two year before current fiscal year	0	0
Three year before current fiscal year	0	0
Four year before current fiscal year	0	11
Prior	178	289
Revolving Loans	748	748
Total	926	1,048
Commercial | Development & spec land | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Two year before current fiscal year	0	0
Three year before current fiscal year	0	0
Four year before current fiscal year	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Commercial | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	207,737	199,185
Fiscal year before current fiscal year	142,847	51,666
Two year before current fiscal year	35,244	46,304
Three year before current fiscal year	35,397	56,510
Four year before current fiscal year	43,368	69,386
Prior	127,618	78,863
Revolving Loans	55,376	28,294
Total	647,587	530,208
Commercial | Commercial and industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	207,019	198,482
Fiscal year before current fiscal year	139,759	48,245
Two year before current fiscal year	32,997	43,003
Three year before current fiscal year	34,303	47,986
Four year before current fiscal year	41,044	64,292
Prior	119,850	69,589
Revolving Loans	49,859	23,647
Total	624,831	495,244
Commercial | Commercial and industrial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	718	592
Fiscal year before current fiscal year	368	3,278
Two year before current fiscal year	31	2,090
Three year before current fiscal year	562	4,588
Four year before current fiscal year	706	3,781
Prior	2,251	7,427
Revolving Loans	0	3,295
Total	4,636	25,051
Commercial | Commercial and industrial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	111
Fiscal year before current fiscal year	2,720	143
Two year before current fiscal year	2,216	1,211
Three year before current fiscal year	532	3,936
Four year before current fiscal year	1,618	1,313
Prior	5,517	1,847
Revolving Loans	5,517	1,352
Total	18,120	9,913
Commercial | Commercial and industrial | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Two year before current fiscal year	0	0
Three year before current fiscal year	0	0
Four year before current fiscal year	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	107,411	116,118
Fiscal year before current fiscal year	157,088	105,129
Two year before current fiscal year	91,599	45,139
Three year before current fiscal year	34,391	51,632
Four year before current fiscal year	36,778	56,396
Prior	184,679	189,397
Revolving Loans	110,875	139,602
Total	722,821	703,413
Real Estate | Residential mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	107,224	116,118
Fiscal year before current fiscal year	157,088	105,129
Two year before current fiscal year	91,599	45,139
Three year before current fiscal year	34,391	51,632
Four year before current fiscal year	36,778	56,396
Prior	184,679	189,397
Revolving Loans	792	0
Total	612,551	563,811
Real Estate | Residential mortgage | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	107,224	116,118
Fiscal year before current fiscal year	156,595	105,051
Two year before current fiscal year	91,314	44,691
Three year before current fiscal year	33,768	50,778
Four year before current fiscal year	36,147	56,330
Prior	178,588	182,838
Revolving Loans	792	0
Total	604,428	555,806
Real Estate | Residential mortgage | Non–performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	493	78
Two year before current fiscal year	285	448
Three year before current fiscal year	623	854
Four year before current fiscal year	631	66
Prior	6,091	6,559
Revolving Loans	0	0
Total	8,123	8,005
Real Estate | Residential construction
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	187	0
Fiscal year before current fiscal year	0	0
Two year before current fiscal year	0	0
Three year before current fiscal year	0	0
Four year before current fiscal year	0	0
Prior	0	0
Revolving Loans	40,554	30,571
Total	40,741	30,571
Real Estate | Residential construction | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	187	0
Fiscal year before current fiscal year	0	0
Two year before current fiscal year	0	0
Three year before current fiscal year	0	0
Four year before current fiscal year	0	0
Prior	0	0
Revolving Loans	40,554	30,571
Total	40,741	30,571
Real Estate | Residential construction | Non–performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Two year before current fiscal year	0	0
Three year before current fiscal year	0	0
Four year before current fiscal year	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Real Estate | Mortgage warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Two year before current fiscal year	0	0
Three year before current fiscal year	0	0
Four year before current fiscal year	0	0
Prior	0	0
Revolving Loans	69,529	109,031
Total	69,529	109,031
Real Estate | Mortgage warehouse | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Two year before current fiscal year	0	0
Three year before current fiscal year	0	0
Four year before current fiscal year	0	0
Prior	0	0
Revolving Loans	69,529	109,031
Total	69,529	109,031
Real Estate | Mortgage warehouse | Non–performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Two year before current fiscal year	0	0
Three year before current fiscal year	0	0
Four year before current fiscal year	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	439,556	265,458
Fiscal year before current fiscal year	217,158	159,654
Two year before current fiscal year	108,946	109,302
Three year before current fiscal year	69,628	75,584
Four year before current fiscal year	44,898	46,436
Prior	78,528	76,740
Revolving Loans	9,041	8,002
Total	967,755	741,176
Consumer | Direct installment
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	19,851	18,826
Fiscal year before current fiscal year	12,758	12,756
Two year before current fiscal year	7,217	13,390
Three year before current fiscal year	7,747	7,027
Four year before current fiscal year	3,977	6,037
Prior	5,055	5,583
Revolving Loans	9	95
Total	56,614	63,714
Consumer | Direct installment | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	19,851	18,826
Fiscal year before current fiscal year	12,708	12,756
Two year before current fiscal year	7,204	13,390
Three year before current fiscal year	7,682	7,027
Four year before current fiscal year	3,952	6,036
Prior	5,044	5,577
Revolving Loans	9	95
Total	56,450	63,707
Consumer | Direct installment | Non–performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	50	0
Two year before current fiscal year	13	0
Three year before current fiscal year	65	0
Four year before current fiscal year	25	1
Prior	11	6
Revolving Loans	0	0
Total	164	7
Consumer | Indirect installment
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	259,473	166,234
Fiscal year before current fiscal year	119,130	94,928
Two year before current fiscal year	60,272	61,272
Three year before current fiscal year	34,757	41,543
Four year before current fiscal year	19,163	17,738
Prior	7,754	4,777
Revolving Loans	0	0
Total	500,549	386,492
Consumer | Indirect installment | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	259,446	166,188
Fiscal year before current fiscal year	118,961	94,835
Two year before current fiscal year	60,062	61,110
Three year before current fiscal year	34,576	41,451
Four year before current fiscal year	19,062	17,650
Prior	7,674	4,705
Revolving Loans	0	0
Total	499,781	385,939
Consumer | Indirect installment | Non–performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	27	46
Fiscal year before current fiscal year	169	93
Two year before current fiscal year	210	162
Three year before current fiscal year	181	92
Four year before current fiscal year	101	88
Prior	80	72
Revolving Loans	0	0
Total	768	553
Consumer | Home equity
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	160,232	80,398
Fiscal year before current fiscal year	85,270	51,970
Two year before current fiscal year	41,457	34,640
Three year before current fiscal year	27,124	27,014
Four year before current fiscal year	21,758	22,661
Prior	65,719	66,380
Revolving Loans	9,032	7,907
Total	410,592	290,970
Consumer | Home equity | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	160,124	80,389
Fiscal year before current fiscal year	85,254	51,856
Two year before current fiscal year	41,438	34,603
Three year before current fiscal year	26,984	26,924
Four year before current fiscal year	21,606	22,495
Prior	64,642	65,059
Revolving Loans	7,089	6,699
Total	407,137	288,025
Consumer | Home equity | Non–performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	108	9
Fiscal year before current fiscal year	16	114
Two year before current fiscal year	19	37
Three year before current fiscal year	140	90
Four year before current fiscal year	152	166
Prior	1,077	1,321
Revolving Loans	1,943	1,208
Total	$ 3,455	$ 2,945

Allowance for Credit and Loan_3

Allowance for Credit and Loan Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance, beginning of period	$ 54,286	$ 57,027
Credit loss expense (recovery)	(2,219)	(2,084)
PCD loans charge–offs	(760)	984
Charge–offs	(2,594)	(2,799)
Recoveries	1,751	1,158
Balance, end of period	50,464	54,286
Mortgage warehouse
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance, beginning of period	1,059	1,267
Credit loss expense (recovery)	(39)	(208)
PCD loans charge–offs	0	0
Charge–offs	0	0
Recoveries	0	0
Balance, end of period	1,020	1,059
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance, beginning of period	40,775	42,210
Credit loss expense (recovery)	(7,650)	(1,320)
PCD loans charge–offs	(760)	984
Charge–offs	(266)	(1,368)
Recoveries	346	269
Balance, end of period	32,445	40,775
Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance, beginning of period	3,856	4,620
Credit loss expense (recovery)	1,668	(755)
PCD loans charge–offs	0	0
Charge–offs	(97)	(159)
Recoveries	150	150
Balance, end of period	5,577	3,856
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance, beginning of period	8,596	8,930
Credit loss expense (recovery)	3,802	199
PCD loans charge–offs	0	0
Charge–offs	(2,231)	(1,272)
Recoveries	1,255	739
Balance, end of period	$ 11,422	$ 8,596

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Total cost	$ 151,278	$ 147,722
Accumulated depreciation	(58,601)	(54,281)
Net premises and equipment	92,677	93,441
Land
Property, Plant and Equipment [Line Items]
Total cost	30,257	28,079
Buildings and improvements
Property, Plant and Equipment [Line Items]
Total cost	85,977	86,507
Furniture and equipment
Property, Plant and Equipment [Line Items]
Total cost	$ 35,044	$ 33,136

Loan Servicing - Additional Inf

Loan Servicing - Additional Information (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Payments for (Proceeds from) Mortgage Servicing Rights [Abstract]
Unpaid principal balances of loans serviced for others totaled	$ 1,532	$ 1,540

Loan Servicing - Originated Mor

Loan Servicing - Originated Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Servicing Asset at Fair Value, Amount [Roll Forward]
Balances, January 1	$ 17,780	$ 17,644	$ 15,046
Servicing rights capitalized	3,184	4,209	5,530
Amortization of servicing rights	(2,345)	(4,073)	(2,932)
Balances, December 31	18,619	17,780	17,644
Balances, January 1	(2,594)	(5,172)	(719)
Additions	0	0	(5,106)
Reductions	2,594	2,578	653
Balances, December 31	0	(2,594)	(5,172)
Mortgage servicing rights, net	18,619	15,186	12,472
Fair value, beginning of period	15,236	12,356	14,405
Fair value, end of period	$ 19,992	$ 15,236	$ 12,356

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Changes in Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Balance, January 1	$ 154,572	$ 151,238
Goodwill acquired	0	3,334
Measurement period adjustment	639	0
Balances, December 31	$ 155,211	$ 154,572

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill impairment loss	$ 0	$ 0
Impairment of intangible assets	$ 3,600,000	$ 3,900,000	$ 3,800,000
Impairment Of Intangible Asset Finite Lived Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag		3.9 million
Minimum | Core deposit intangible
Acquired Finite-Lived Intangible Assets [Line Items]
Core deposit intangible amortization period	7 years
Maximum | Core deposit intangible
Acquired Finite-Lived Intangible Assets [Line Items]
Core deposit intangible amortization period	10 years

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Amortizable Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Core deposit intangibles	$ 17,200
Core deposit intangible
Finite-Lived Intangible Assets [Line Items]
Core deposit intangibles	42,220	$ 40,590
Amortizable intangible assets, Accumulated Amortization	$ (24,981)	$ (17,635)

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Estimated Amortization (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2023	$ 3,612
2024	3,403
2025	3,044
2026	2,566
2027	2,119
Thereafter	2,495
Estimated amortization	$ 17,239

Deposits - Deposits (Details)

Deposits - Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deposits [Line Items]
Non–interest bearing deposits	$ 1,277,768	$ 1,360,338
Interest bearing demand deposits	1,931,863	1,947,973
Money market (variable rate)	744,262	826,317
Savings deposits	906,766	937,477
Other certificates and time deposits	445,750	431,349
Total deposits	5,857,774	5,802,991
Certificates of deposit of $250,000 or more
Deposits [Line Items]
Certificates of deposit	$ 551,365	$ 299,537

Deposits - Certificates and Oth

Deposits - Certificates and Other Time Deposits for Both Retail and Brokered (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Time Deposits By Maturity [Line Items]
2023	$ 697,601
2024	259,545
2025	19,057
2026	10,490
2027	10,261
Thereafter	161
Certificates and other time deposits	997,115
Retail
Time Deposits By Maturity [Line Items]
2023	679,021
2024	109,545
2025	19,057
2026	10,490
2027	10,261
Thereafter	161
Certificates and other time deposits	828,535
Brokered
Time Deposits By Maturity [Line Items]
2023	18,580
2024	150,000
2025	0
2026	0
2027	0
Thereafter	0
Certificates and other time deposits	$ 168,580

Borrowings - Borrowings (Detail

Borrowings - Borrowings (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Federal Home Loan Bank advances, variable and fixed rates ranging from 1.54% to 4.90%, due at various dates through July 29, 2032	$ 575,376	$ 525,484
Securities sold under agreements to repurchase	137,871	130,798
Federal funds purchased	134,746	0
Federal Reserve Bank discount window	244,000	0
Secured borrowings	50,956	56,457
Total borrowings	$ 1,142,949	$ 712,739
Minimum
Debt Instrument [Line Items]
Federal Home Loan Bank advances, variable and fixed rates	1.54%
Maximum
Debt Instrument [Line Items]
Federal Home Loan Bank advances, variable and fixed rates	4.90%

Borrowings - Additional Informa

Borrowings - Additional Information (Detail) $ in Millions	Dec. 31, 2022 USD ($)
Short-term Debt [Line Items]
Federal Home Loan Bank advances are secured by first and second mortgage loans and mortgage warehouse loans	$ 1,600
Available credit lines with various money center banks	438
Federal Home Loan Bank, Advances, Putable Option
Short-term Debt [Line Items]
Putable advances	$ 350

Borrowings - Schedule of Contra

Borrowings - Schedule of Contractual Maturities (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Year
2023	$ 742,684
2024	50,117
2025	73
2026	75
2027	0
Thereafter	350,000
Total borrowings	$ 1,142,949	$ 712,739

Repurchase Agreements - Additio

Repurchase Agreements - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of Repurchase Agreements [Abstract]
Maximum amount of outstanding agreements	$ 148.7	$ 145.2
Daily average amount of outstanding agreements	$ 141	$ 123.7

Repurchase Agreements - Summary

Repurchase Agreements - Summary of Repurchase Agreements Accounted as Secured Borrowings the Related Securities, at Fair Value, Pledged (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	$ 137,871
Securities pledged for Repurchase Agreements	160,517
Overnight and Continuous
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	137,871
Securities pledged for Repurchase Agreements	160,517
Up to one year
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	0
Securities pledged for Repurchase Agreements	0
One to three years
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	0
Securities pledged for Repurchase Agreements	0
Three to five years
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	0
Securities pledged for Repurchase Agreements	0
Five to ten years
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	0
Securities pledged for Repurchase Agreements	0
Beyond ten years
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	0
Securities pledged for Repurchase Agreements	0
Federal agency collateralized mortgage obligations
Assets Sold under Agreements to Repurchase [Line Items]
Securities pledged for Repurchase Agreements	13,882
Federal agency collateralized mortgage obligations | Overnight and Continuous
Assets Sold under Agreements to Repurchase [Line Items]
Securities pledged for Repurchase Agreements	13,882
Federal agency collateralized mortgage obligations | Up to one year
Assets Sold under Agreements to Repurchase [Line Items]
Securities pledged for Repurchase Agreements	0
Federal agency collateralized mortgage obligations | One to three years
Assets Sold under Agreements to Repurchase [Line Items]
Securities pledged for Repurchase Agreements	0
Federal agency collateralized mortgage obligations | Three to five years
Assets Sold under Agreements to Repurchase [Line Items]
Securities pledged for Repurchase Agreements	0
Federal agency collateralized mortgage obligations | Five to ten years
Assets Sold under Agreements to Repurchase [Line Items]
Securities pledged for Repurchase Agreements	0
Federal agency collateralized mortgage obligations | Beyond ten years
Assets Sold under Agreements to Repurchase [Line Items]
Securities pledged for Repurchase Agreements	0
Federal agency mortgage–backed pools
Assets Sold under Agreements to Repurchase [Line Items]
Securities pledged for Repurchase Agreements	137,646
Federal agency mortgage–backed pools | Overnight and Continuous
Assets Sold under Agreements to Repurchase [Line Items]
Securities pledged for Repurchase Agreements	137,646
Federal agency mortgage–backed pools | Up to one year
Assets Sold under Agreements to Repurchase [Line Items]
Securities pledged for Repurchase Agreements	0
Federal agency mortgage–backed pools | One to three years
Assets Sold under Agreements to Repurchase [Line Items]
Securities pledged for Repurchase Agreements	0
Federal agency mortgage–backed pools | Three to five years
Assets Sold under Agreements to Repurchase [Line Items]
Securities pledged for Repurchase Agreements	0
Federal agency mortgage–backed pools | Five to ten years
Assets Sold under Agreements to Repurchase [Line Items]
Securities pledged for Repurchase Agreements	0
Federal agency mortgage–backed pools | Beyond ten years
Assets Sold under Agreements to Repurchase [Line Items]
Securities pledged for Repurchase Agreements	0
Private labeled mortgage–backed pools
Assets Sold under Agreements to Repurchase [Line Items]
Securities pledged for Repurchase Agreements	8,989
Private labeled mortgage–backed pools | Overnight and Continuous
Assets Sold under Agreements to Repurchase [Line Items]
Securities pledged for Repurchase Agreements	8,989
Private labeled mortgage–backed pools | Up to one year
Assets Sold under Agreements to Repurchase [Line Items]
Securities pledged for Repurchase Agreements	0
Private labeled mortgage–backed pools | One to three years
Assets Sold under Agreements to Repurchase [Line Items]
Securities pledged for Repurchase Agreements	0
Private labeled mortgage–backed pools | Three to five years
Assets Sold under Agreements to Repurchase [Line Items]
Securities pledged for Repurchase Agreements	0
Private labeled mortgage–backed pools | Five to ten years
Assets Sold under Agreements to Repurchase [Line Items]
Securities pledged for Repurchase Agreements	0
Private labeled mortgage–backed pools | Beyond ten years
Assets Sold under Agreements to Repurchase [Line Items]
Securities pledged for Repurchase Agreements	$ 0

Subordinated Notes (Details)

Subordinated Notes (Details) - USD ($)		12 Months Ended
	Jun. 24, 2020	Dec. 31, 2022
Debt Disclosure [Abstract]
Debt instrument, face amount	$ 60,000,000
Proceeds from issuance of debt	58,500,000
Debt issuance costs	$ 1,500,000
Interest rate	5.625%
Basis spread on variable rate		5.49%
Redemption price, percentage		100%

Junior Subordinated Debenture_2

Junior Subordinated Debentures Issued to Capital Trusts (Details) - USD ($)	1 Months Ended						12 Months Ended
	Dec. 31, 2006	Oct. 31, 2004	Jun. 30, 2004	Mar. 30, 2004	Oct. 31, 2003	Jun. 30, 2003	Dec. 31, 2022	Jun. 24, 2020
Subordinate Debenture [Line Items]
Junior subordinated debentures and the securities variable rate							5.49%
Interest rate on junior subordinated debentures and securities								5.625%
Salin
Subordinate Debenture [Line Items]
Trust Preferred Capital Securities Sold					$ 20,000,000
Junior subordinated debentures and the securities variable rate					2.95%
Interest rate on junior subordinated debentures and securities							7.72%
Subordinated notes							$ 18,100,000
Horizon Statutory Trust II
Subordinate Debenture [Line Items]
Trust Preferred Capital Securities Sold		$ 10,300,000
Junior subordinated debentures and the securities variable rate		1.95%
Interest rate on junior subordinated debentures and securities							6.72%
Cost of issuance of the securities							$ 17,500
Horizon Bancorp Capital Trust III
Subordinate Debenture [Line Items]
Trust Preferred Capital Securities Sold	$ 12,400,000
Junior subordinated debentures and the securities variable rate	1.65%
Interest rate on junior subordinated debentures and securities							6.42%
Cost of issuance of the securities							$ 12,647
Alliance Financial Statutory Trust I
Subordinate Debenture [Line Items]
Trust Preferred Capital Securities Sold			$ 5,200,000
Junior subordinated debentures and the securities variable rate			2.65%
Interest rate on junior subordinated debentures and securities							7.42%
Am Tru Statutory Trust I
Subordinate Debenture [Line Items]
Trust Preferred Capital Securities Sold				$ 3,500,000
Junior subordinated debentures and the securities variable rate				2.85%
Interest rate on junior subordinated debentures and securities							7.62%
Subordinated notes							$ 3,500,000
Heartland Trust
Subordinate Debenture [Line Items]
Trust Preferred Capital Securities Sold	$ 3,000,000
Junior subordinated debentures and the securities variable rate	1.67%
Interest rate on junior subordinated debentures and securities							6.44%
Subordinated notes							$ 2,100,000
City Savings Trust
Subordinate Debenture [Line Items]
Trust Preferred Capital Securities Sold						$ 5,000,000
Junior subordinated debentures and the securities variable rate						3.10%
Interest rate on junior subordinated debentures and securities							7.87%
Subordinated notes							$ 4,500,000

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-Based Payment Arrangement [Abstract]
Cash contributions and expense recorded for the ESOP	$ 0	$ 0	$ 591
Employee stock ownership plan outstanding shares (in shares)	0

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Employee Thrift Plan
Defined Benefit Plan Disclosure [Line Items]
Bank's expense related to the thrift plan	$ 1,900	$ 1,500	$ 1,400
Thrift Plan owns outstanding shares (in shares)	799,956
Percentage of outstanding shares owns with thrift plan	1.80%
Pentegra Plan
Defined Benefit Plan Disclosure [Line Items]
Termination liability	$ 3,400
Withdrawal liability	2,900
Termination expense	$ 460

Income Tax - Reconciliation of

Income Tax - Reconciliation of Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Currently payable
Federal	$ 9,111	$ 11,742	$ 16,914
State	888	1,303	2,377
Deferred
Federal	2,208	2,056	(7,970)
State	(31)	255	(1,451)
Total income tax expense	12,176	15,356	9,870
Reconciliation of federal statutory to actual tax expense
Federal statutory income tax at 21%	22,173	21,514	16,457
Tax exempt interest	(6,623)	(5,362)	(4,090)
Tax exempt BOLI income	(746)	(604)	(531)
Stock compensation	(232)	(250)	(160)
Other tax exempt income	(454)	(404)	(334)
State tax	676	1,231	733
Tax credit investments	(2,774)	(981)	(2,284)
Nondeductible and other	156	212	79
Total income tax expense	$ 12,176	$ 15,356	$ 9,870

Income Tax - Reconciliation o_2

Income Tax - Reconciliation of Deferred Tax Assets & Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Allowance for loan losses	$ 12,762	$ 13,707
Net operating loss and tax credits	9,313	0
Director and employee benefits	2,019	2,094
Unrealized loss on AFS securities and cash flow hedge	28,230	0
Other	555	1,785
Total assets	52,879	17,586
Liabilities
Depreciation	(4,599)	(4,540)
State tax	(262)	(261)
Federal Home Loan Bank stock dividends	(368)	(371)
Difference in basis of intangible assets	(4,440)	(3,476)
Fair value adjustment on acquisitions	(2,807)	(3,435)
Unrealized gain on AFS securities and cash flow hedge	0	(1,953)
Other	(68)	(222)
Total liabilities	(12,544)	(14,258)
Net deferred tax asset/(liability)	$ 40,335	$ 3,328

Income Tax - Additional Informa

Income Tax - Additional Information (Details) $ in Millions	Dec. 31, 2022 USD ($)
Operating Loss Carryforwards [Line Items]
Tax credit carryforward	$ 9
Previously acquired institutions amount of allocated income to bad debt deductions	12.8
Unrecorded deferred income tax liability	2.7
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Operating loss carry forwards	$ 6.2

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Gain (Loss) - Components of Accumulated Other Comprehensive Gain (Loss) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Tax effect	$ 28,230	$ (1,953)
Total accumulated other comprehensive income (loss)	(106,198)	7,345
Unrealized gain (loss) on securities available for sale
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), before tax	(140,144)	7,201
Unamortized gain on securities held to maturity, previously transferred from AFS
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), before tax	3,740	5,770
Unrealized gain (loss) on derivative instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), before tax	$ 1,976	$ (3,673)

Commitments, Off-Balance Shee_2

Commitments, Off-Balance Sheet Risk and Contingencies (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments to make loans	$ 1,500	$ 1,300
Commitments under outstanding standby letters of credit	$ 17.8	$ 12.7

Regulatory Capital - Summary of

Regulatory Capital - Summary of Regulatory Capital Requirement (Details) $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital (to risk-weighted assets), Actual, Amount	$ 776,390	$ 708,198
Total capital (to risk-weighted assets), Actual, Ratio	0.1437	0.1571
Total capital (to risk-weighted assets), For capital adequacy purposes, Amount	$ 432,172	$ 360,737
Total capital (to risk-weighted assets), For capital adequacy purposes, Ratio	0.0800	0.0800
Total capital (to risk-weighted assets), Required for capital1 adequacy purposes with capital buffer, Amount	$ 567,226	$ 473,468
Total capital (to risk-weighted assets), Required for capital1 adequacy purposes with capital buffer, Ratio	10.50%	10.50%
Tier 1 capital (to average assets), Actual, Amount	$ 729,835	$ 661,729
Tier 1 capital (to average assets), Actual, Ratio	0.1351	0.1468
Tier 1 capital (to average assets), For capital adequacy purposes, Amount	$ 324,129	$ 270,553
Tier 1 capital (to average assets), For capital adequacy purpose, Ratio	0.0600	0.0600
Tier 1 capital (to average assets), Required for capital1 adequacy purposes with capital buffer, Amount	$ 459,183	$ 383,284
Tier 1 capital (to average assets), Required for capital1 adequacy purposes with capital buffer, Ratio	8.50%	8.50%
Common equity tier 1 capital, Actual Amount	$ 609,630	$ 541,920
Common equity tier 1 capital, Actual Ratio	0.1128	0.1202
Common equity tier 1 capital, For capital adequacy purposes, Amount	$ 243,097	$ 202,915
Common equity tier 1 capital, For capital adequacy purpose, Ratio	4.50%	4.50%
Common equity tier 1 capital (to risk-weighted assets), Required for capital1 adequacy purposes with capital buffer, Amount	$ 378,151	$ 315,645
Common equity tier 1 capital (to risk-weighted assets), Required for capital1 adequacy purposes with capital buffer, Ratio	7%	7.50%
Tier 1 capital (to average assets), Actual, Amount	$ 729,835	$ 661,729
Tier 1 capital (to average assets), Actual, Ratio	0.1003	0.0905
Tier 1 capital (to average assets), For capital adequacy purposes, Amount	$ 291,122	$ 292,335
Tier 1 capital (to average assets), For capital adequacy purpose, Ratio	0.0400	0.0400
Tier 1 capital (to average assets), Required for capital1 adequacy purposes with capital buffer, Amount	$ 291,122	$ 292,335
Tier 1 capital (to average assets), Required for capital1 adequacy purposes with capital buffer, Ratio	4%	4%
Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital (to risk-weighted assets), Actual, Amount	$ 726,339	$ 664,061
Total capital (to risk-weighted assets), Actual, Ratio	0.1359	0.1472
Total capital (to risk-weighted assets), For capital adequacy purposes, Amount	$ 427,456	$ 361,015
Total capital (to risk-weighted assets), For capital adequacy purposes, Ratio	0.0800	0.0800
Total capital (to risk-weighted assets), Required for capital1 adequacy purposes with capital buffer, Amount	$ 561,036	$ 473,832
Total capital (to risk-weighted assets), Required for capital1 adequacy purposes with capital buffer, Ratio	10.50%	10.50%
Total capital (to risk-weighted assets), For well capitalized purpose, Amount	$ 534,320	$ 451,269
Total capital (to risk-weighted assets), For well capitalized purpose, Ratio	0.1000	0.1000
Tier 1 capital (to average assets), Actual, Amount	$ 679,784	$ 617,592
Tier 1 capital (to average assets), Actual, Ratio	0.1272	0.1369
Tier 1 capital (to average assets), For capital adequacy purposes, Amount	$ 320,592	$ 270,761
Tier 1 capital (to average assets), For capital adequacy purpose, Ratio	0.0600	0.0600
Tier 1 capital (to average assets), Required for capital1 adequacy purposes with capital buffer, Amount	$ 454,172	$ 383,578
Tier 1 capital (to average assets), Required for capital1 adequacy purposes with capital buffer, Ratio	8.50%	8.50%
Tier 1 capital (to average assets), For well capitalized purpose, Amount	$ 427,456	$ 361,015
Tier 1 capital (to average assets), For well capitalized purposes, Ratio	0.0800	0.0800
Common equity tier 1 capital, Actual Amount	$ 679,784	$ 617,592
Common equity tier 1 capital, Actual Ratio	0.1272	0.1369
Common equity tier 1 capital, For capital adequacy purposes, Amount	$ 240,444	$ 203,071
Common equity tier 1 capital, For capital adequacy purpose, Ratio	4.50%	4.50%
Common equity tier 1 capital (to risk-weighted assets), Required for capital1 adequacy purposes with capital buffer, Amount	$ 374,024	$ 315,888
Common equity tier 1 capital (to risk-weighted assets), Required for capital1 adequacy purposes with capital buffer, Ratio	7%	7.50%
Common equity tier 1 capital, For well capitalized purpose, Amount	$ 347,308	$ 293,325
Common equity tier 1 capital, For well capitalized purposes, Ratio	6.50%	6.50%
Tier 1 capital (to average assets), Actual, Amount	$ 679,784	$ 617,592
Tier 1 capital (to average assets), Actual, Ratio	0.0889	0.0850
Tier 1 capital (to average assets), For capital adequacy purposes, Amount	$ 305,996	$ 29,064
Tier 1 capital (to average assets), For capital adequacy purpose, Ratio	0.0400	0.0400
Tier 1 capital (to average assets), Required for capital1 adequacy purposes with capital buffer, Amount	$ 305,996	$ 290,646
Tier 1 capital (to average assets), Required for capital1 adequacy purposes with capital buffer, Ratio	4%	4%
Tier 1 capital (to average assets), For well capitalized purpose, Amount	$ 382,495	$ 363,307
Tier 1 capital (to average assets), For well capitalized purposes, Ratio	0.0500	0.0500

Regulatory Capital - Additional

Regulatory Capital - Additional Information (Details)	Dec. 31, 2019
Regulatory Capital Requirements under Banking Regulations [Abstract]
Capital conservation buffer	2.50%

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Jan. 19, 2021	Jun. 18, 2013
Stock Based Compensation [Line Items]
Total assets	$ 7,872,518	$ 7,411,889
Total compensation expense	13	68	$ 132
Tax benefit associated with compensation expense	3	14	28
Total compensation cost	2,500	1,800	1,300
Exercise of stock options	145	1,062	157
Unrecognized compensation cost	$ 4,800
Weighted-average period cost over which cost is expected to be recognized	2 years 9 months
Performance Based Share Awards | Minimum
Stock Based Compensation [Line Items]
Total assets	$ 1,000,000			$ 5,000,000
Performance Based Share Awards | Maximum
Stock Based Compensation [Line Items]
Total assets	5,000,000			$ 10,000,000
Restricted and Performance Shares
Stock Based Compensation [Line Items]
Total compensation expense	13	68
Tax benefit associated with compensation expense	517	368	253
Total compensation cost	2,500	1,800	1,200
Exercise of stock options	145	1,100	255
Actual tax benefit realized for the tax deductions	$ 126	$ 334	$ 59
Option Activity Under the 2013 Plan
Stock Based Compensation [Line Items]
Maximum common issued under the plan (in shares)					1,556,325
Number of shares available incentive stock options					225,000
Non-option awards granted (in shares)					900,000
Option Activity Under the 2021 Plan
Stock Based Compensation [Line Items]
Maximum common issued under the plan (in shares)				1,787,548

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Option Activity (Details) - Option Activity Under the 2003 Plan $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares shares
Shares
Outstanding, beginning of year (in shares) | shares	4,050
Granted (in shares) | shares	0
Exercised (in shares) | shares	(4,050)
Forfeited (in shares) | shares	0
Outstanding, end of year (in shares) | shares	0
Exercisable, end of year (in shares) | shares	0
Weighted– Average Exercise Price
Outstanding, beginning of year (in dollars per share) | $ / shares	$ 7.49
Granted (in dollars per share) | $ / shares	0
Exercised (in dollars per share) | $ / shares	7.49
Forfeited (in dollars per share) | $ / shares	0
Outstanding, end of year (in dollars per share) | $ / shares	0
Exercisable, end of year (in dollars per share) | $ / shares	$ 0
Outstanding, Weighted Average Remaining Contractual Term	0 years
Exercisable, Weighted Average Remaining Contractual Term	0 years
Outstanding, Aggregate Intrinsic Value | $	$ 0
Exercisable, Aggregate Intrinsic Value | $	$ 0

Share-Based Compensation - Su_2

Share-Based Compensation - Summary of Option Activity Under 2013 Plan (Details) - Option Activity Under the 2013 Plan - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Shares
Outstanding, beginning of year (in shares)	200,878
Granted (in shares)	0	0	0
Exercised (in shares)	(32,365)
Forfeited (in shares)	(500)
Outstanding, end of year (in shares)	168,013	200,878
Exercisable, end of year (in shares)	168,013
Weighted– Average Exercise Price
Outstanding, beginning of year (in dollars per share)	$ 14.46
Granted (in dollars per share)	0
Exercised (in dollars per share)	13.51
Forfeited (in dollars per share)	16.76
Outstanding, end of year (in dollars per share)	14.64	$ 14.46
Exercisable, end of year (in dollars per share)	$ 14.64
Outstanding, Weighted Average Remaining Contractual Term	3 years 11 months 1 day
Exercisable, Weighted Average Remaining Contractual Term	3 years 11 months 1 day
Outstanding, Aggregate Intrinsic Value	$ 339,389
Exercisable, Aggregate Intrinsic Value	$ 339,389

Share-Based Compensation - Su_3

Share-Based Compensation - Summary of Status of Non-vested, Restricted and Performance Shares (Details) - Restricted and Performance Shares	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Shares
Non-vested, beginning of year (in shares) | shares	423,309
Vested (in shares) | shares	(97,014)
Granted (in shares) | shares	220,073
Forfeited (in shares) | shares	(25,909)
Non-vested, end of year (in shares) | shares	520,459
Weighted Average Grant Date Fair Value
Non-vested, beginning of year (in dollars per share) | $ / shares	$ 14.78
Vested (in dollars per share) | $ / shares	16.63
Granted (in dollars per share) | $ / shares	19.90
Forfeited (in dollars per share) | $ / shares	14.31
Non-vested, end of year (in dollars per share) | $ / shares	$ 16.45

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
LIBOR period	3 months
Weighted average fixed rate	4.20%
Notional Amount	$ 576,730	$ 521,551
Recorded period of effectiveness of cash flow hedges on net income	12 months
Recorded period of effectiveness of fair value hedges on net income	12 months
Recorded period of effectiveness of fair value of derivatives on net income	12 months
Interest rate swap agreements liability
Derivative [Line Items]
LIBOR period	1 month
Weighted average fixed rate	2.81%
LaPorte
Derivative [Line Items]
LIBOR period	1 month
Weighted average fixed rate	2.62%
Cash Flow Hedging
Derivative [Line Items]
Notional Amount	$ 12,000
Cash Flow Hedging | Interest rate swap agreements liability
Derivative [Line Items]
Weighted average fixed rate	2.81%	2.81%
Notional Amount	$ 50,000	$ 50,000
Cash Flow Hedging | LaPorte
Derivative [Line Items]
Notional Amount	10,000
Fair Value Hedging
Derivative [Line Items]
Notional Amount	$ 514,600	$ 489,000

Derivative Financial Instrume_4

Derivative Financial Instruments - Interest Rate Swap Derivatives (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Notional Amount	$ 576,730	$ 521,551
Weighted Average Rate, Pay	4.20%
Cash Flow Hedging
Derivative [Line Items]
Notional Amount	$ 12,000
Interest rate swap agreements liability
Derivative [Line Items]
Weighted Average Rate, Pay	2.81%
Interest rate swap agreements liability | Cash Flow Hedging
Derivative [Line Items]
Notional Amount	$ 50,000	$ 50,000
Weighted Average Remaining Maturity (years)	3 years 7 months 6 days	4 years 7 months 6 days
Fair Value	$ 1,976	$ (3,673)
Weighted Average Rate, Pay	2.81%	2.81%

Derivative Financial Instrume_5

Derivative Financial Instruments - Fair Value of Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Notional Amount	$ 576,730	$ 521,551
Total asset derivatives	44,879	15,456
Notional Amount	528,351	582,597
Total liability derivatives	42,669	18,330
Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Notional Amount	50,000	0
Total asset derivatives	1,976	0
Notional Amount	0	50,000
Total liability derivatives	0	3,673
Derivatives designated as hedging instruments | Interest rate contracts – cash flow hedges
Derivatives, Fair Value [Line Items]
Notional Amount	50,000	0
Total asset derivatives	1,976	0
Notional Amount	0	50,000
Total liability derivatives	0	3,673
Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Notional Amount	526,730	521,551
Total asset derivatives	42,903	15,456
Notional Amount	528,351	532,597
Total liability derivatives	42,669	14,657
Derivatives not designated as hedging instruments | Interest rate contracts – cash flow hedges
Derivatives, Fair Value [Line Items]
Notional Amount	514,551	488,967
Total asset derivatives	42,619	14,419
Notional Amount	514,551	488,967
Total liability derivatives	42,619	14,419
Derivatives not designated as hedging instruments | Mortgage loan contracts
Derivatives, Fair Value [Line Items]
Notional Amount	0	0
Total asset derivatives	0	0
Notional Amount	13,800	43,630
Total liability derivatives	50	238
Derivatives not designated as hedging instruments | Commitments to originate mortgage loans
Derivatives, Fair Value [Line Items]
Notional Amount	12,179	32,584
Total asset derivatives	284	1,037
Notional Amount	0	0
Total liability derivatives	$ 0	$ 0

Derivative Financial Instrume_6

Derivative Financial Instruments - Effect of Derivative Instruments on Condensed Consolidated Statements of Income Derivative in Cash Flow Hedging Relationship (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash Flow Hedging | Interest rate contracts – cash flow hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Other comprehensive income (loss) on derivative	$ 4,463	$ 3,610	$ (3,004)

Derivative Financial Instrume_7

Derivative Financial Instruments - Effect of Derivative Instruments on Consolidated Statements of Income Derivative in Fair Value Hedging Relationship (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivatives designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized on derivative	$ (628)	$ (1,901)	$ (1,838)
Derivatives not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized on derivative	(703)	(885)	413
Interest rate contract | Derivatives designated as hedging instruments | Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized on derivative	(628)	(1,901)	(1,838)
Interest rate contract | Derivatives not designated as hedging instruments | Fair Value Hedging | Interest income – loans receivable
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized on derivative	(39)	(372)	(223)
Interest rate contract | Derivatives not designated as hedging instruments | Fair Value Hedging | Interest income – investment securities
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized on derivative	(99)	(267)	(183)
Mortgage loan contracts | Derivatives not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized on derivative	188	(238)	38
Commitments to originate mortgage loans | Derivatives not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized on derivative	$ (753)	$ (8)	$ 781

Disclosures about Fair Value _3

Disclosures about Fair Value of Assets and Liabilities - Fair Value Measurements of Assets and Liabilities Recognized on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 997,558	$ 1,160,812
U.S. Treasury and federal agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	267,179	116,979
State and municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	433,544	639,746
Federal agency collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	31,215	61,577
Federal agency mortgage–backed pools
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	190,656	257,691
Corporate notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	74,964	84,819
Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	997,558	1,160,812
Recurring Basis | U.S. Treasury and federal agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	267,179	116,979
Recurring Basis | State and municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	433,544	639,746
Recurring Basis | Federal agency collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	31,215	61,577
Recurring Basis | Federal agency mortgage–backed pools
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	190,656	257,691
Recurring Basis | Corporate notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	74,964	84,819
Recurring Basis | Interest rate swap agreements liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	44,595	14,419
Derivative liability	(42,619)	(18,092)
Recurring Basis | Commitments to originate mortgage loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	284	1,037
Recurring Basis | Mortgage loan contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	(50)	(238)
Recurring Basis | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring Basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Treasury and federal agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring Basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | State and municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring Basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Federal agency collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring Basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Federal agency mortgage–backed pools
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring Basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring Basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest rate swap agreements liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liability	0	0
Recurring Basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Commitments to originate mortgage loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Recurring Basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage loan contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	0	0
Recurring Basis | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	997,558	1,035,316
Recurring Basis | Significant Other Observable Inputs (Level 2) | U.S. Treasury and federal agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	267,179	116,979
Recurring Basis | Significant Other Observable Inputs (Level 2) | State and municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	433,544	519,282
Recurring Basis | Significant Other Observable Inputs (Level 2) | Federal agency collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	31,215	61,577
Recurring Basis | Significant Other Observable Inputs (Level 2) | Federal agency mortgage–backed pools
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	190,656	257,691
Recurring Basis | Significant Other Observable Inputs (Level 2) | Corporate notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	74,964	79,787
Recurring Basis | Significant Other Observable Inputs (Level 2) | Interest rate swap agreements liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	44,595	14,419
Derivative liability	(42,619)	(18,092)
Recurring Basis | Significant Other Observable Inputs (Level 2) | Commitments to originate mortgage loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	284	1,037
Recurring Basis | Significant Other Observable Inputs (Level 2) | Mortgage loan contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	(50)	(238)
Recurring Basis | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	125,496
Recurring Basis | Significant Unobservable Inputs (Level 3) | U.S. Treasury and federal agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring Basis | Significant Unobservable Inputs (Level 3) | State and municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	120,464
Recurring Basis | Significant Unobservable Inputs (Level 3) | Federal agency collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring Basis | Significant Unobservable Inputs (Level 3) | Federal agency mortgage–backed pools
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring Basis | Significant Unobservable Inputs (Level 3) | Corporate notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	5,032
Recurring Basis | Significant Unobservable Inputs (Level 3) | Interest rate swap agreements liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liability	0	0
Recurring Basis | Significant Unobservable Inputs (Level 3) | Commitments to originate mortgage loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Recurring Basis | Significant Unobservable Inputs (Level 3) | Mortgage loan contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	$ 0	$ 0

Disclosures about Fair Value _4

Disclosures about Fair Value of Assets and Liabilities - Level 3 Rollforward (Details) - Available for sale securities - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 125,496	$ 0
Transfer to Level 2	125,496	0
Included in other comprehensive income	0	(134)
Purchases, issuances and settlements	0	125,630
Principal payments	0	0
Ending balance	$ 0	$ 125,496

Disclosures about Fair Value _5

Disclosures about Fair Value of Assets and Liabilities - Other Assets Measured at Fair Value on Nonrecurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Significant Unobservable Inputs (Level 3) | Collateral dependent loans
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans	$ 8,091	$ 15,176
Significant Unobservable Inputs (Level 3) | Mortgage servicing rights
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans		15,186
Fair Value, Nonrecurring | Collateral dependent loans
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans	8,091	15,176
Fair Value, Nonrecurring | Mortgage servicing rights
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans		15,186
Fair Value, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Collateral dependent loans
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans	0	0
Fair Value, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage servicing rights
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans		0
Fair Value, Nonrecurring | Significant Other Observable Inputs (Level 2) | Collateral dependent loans
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans	0	0
Fair Value, Nonrecurring | Significant Other Observable Inputs (Level 2) | Mortgage servicing rights
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans		0
Fair Value, Nonrecurring | Significant Unobservable Inputs (Level 3) | Collateral dependent loans
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans	$ 8,091	15,176
Fair Value, Nonrecurring | Significant Unobservable Inputs (Level 3) | Mortgage servicing rights
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans		$ 15,186

Disclosures about Fair Value _6

Disclosures about Fair Value of Assets and Liabilities - Qualitative Information about Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements, Other than Goodwill (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) consecutive_Payment yr mo
Measurement Input, Discount Rate
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Factor considered to be significant for fair value measurement	0.10
Significant Unobservable Inputs (Level 3) | State and municipal
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value | $		$ 120,464
Valuation Technique		Grid pricing
Unobservable Inputs		Maturity date,Weighted average coupon
Significant Unobservable Inputs (Level 3) | Corporate notes
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value | $		$ 5,032
Valuation Technique		Grid pricing
Unobservable Inputs		Maturity date,Weighted average coupon
Significant Unobservable Inputs (Level 3) | Measurement Input, Weighted Average Coupon | State and municipal
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Factor considered to be significant for fair value measurement		0.0205
Significant Unobservable Inputs (Level 3) | Measurement Input, Weighted Average Coupon | Corporate notes
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Factor considered to be significant for fair value measurement		0.0397
Significant Unobservable Inputs (Level 3) | Collateral dependent loans
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value | $	$ 8,091	$ 15,176
Valuation Technique	Collateral based measurement	Collateral based measurement
Unobservable Inputs	Discount to reflect current market conditions and ultimate collectability	Discount to reflect current market conditions and ultimate collectability
Significant Unobservable Inputs (Level 3) | Mortgage servicing rights
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value | $		$ 15,186
Valuation Technique		Discounted cash flows
Unobservable Inputs		Discount rate, Constant prepayment rate, Probability of default
Minimum | Significant Unobservable Inputs (Level 3) | Measurement Input, Maturity | State and municipal
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Factor considered to be significant for fair value measurement | mo		1
Minimum | Significant Unobservable Inputs (Level 3) | Measurement Input, Maturity | Corporate notes
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Factor considered to be significant for fair value measurement | yr		9
Minimum | Significant Unobservable Inputs (Level 3) | Collateral dependent loans
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Discount to reflect current market conditions and ultimate collectability	0%	0%
Minimum | Significant Unobservable Inputs (Level 3) | Mortgage servicing rights | Measurement Input, Discount Rate
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Factor considered to be significant for fair value measurement		0.080
Minimum | Significant Unobservable Inputs (Level 3) | Mortgage servicing rights | Measurement Input, Constant Prepayment Rate
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Factor considered to be significant for fair value measurement		0.084
Minimum | Significant Unobservable Inputs (Level 3) | Mortgage servicing rights | Measurement Input, Default Rate
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Factor considered to be significant for fair value measurement		0
Maximum | Significant Unobservable Inputs (Level 3) | Measurement Input, Maturity | State and municipal
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Factor considered to be significant for fair value measurement | yr		16
Maximum | Significant Unobservable Inputs (Level 3) | Measurement Input, Maturity | Corporate notes
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Factor considered to be significant for fair value measurement | yr		17
Maximum | Significant Unobservable Inputs (Level 3) | Collateral dependent loans
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Discount to reflect current market conditions and ultimate collectability	100%	54%
Maximum | Significant Unobservable Inputs (Level 3) | Mortgage servicing rights | Measurement Input, Discount Rate
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Factor considered to be significant for fair value measurement		0.080
Maximum | Significant Unobservable Inputs (Level 3) | Mortgage servicing rights | Measurement Input, Constant Prepayment Rate
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Factor considered to be significant for fair value measurement		0.146
Maximum | Significant Unobservable Inputs (Level 3) | Mortgage servicing rights | Measurement Input, Default Rate
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Factor considered to be significant for fair value measurement		0.020
Weighted Average | Significant Unobservable Inputs (Level 3) | Collateral dependent loans
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Discount to reflect current market conditions and ultimate collectability	13.30%	4.80%
Weighted Average | Significant Unobservable Inputs (Level 3) | Mortgage servicing rights | Measurement Input, Discount Rate
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Factor considered to be significant for fair value measurement		0.080
Weighted Average | Significant Unobservable Inputs (Level 3) | Mortgage servicing rights | Measurement Input, Constant Prepayment Rate
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Factor considered to be significant for fair value measurement		0.116
Weighted Average | Significant Unobservable Inputs (Level 3) | Mortgage servicing rights | Measurement Input, Default Rate
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Factor considered to be significant for fair value measurement		0.004

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 123,505	$ 593,508
Interest–earning time deposits	2,812	4,782
Investment securities, held to maturity	2,022,748	1,552,443
Loans held for sale	5,807	12,579
Loans (excluding loan level hedges), net	4,107,534	3,604,248
Stock in FHLB	26,677	24,440
Interest receivable	35,294	26,137
Liabilities
Non–interest bearing deposits	1,277,768	1,360,338
Interest bearing deposits	4,580,006	4,442,653
Borrowings	1,142,949	712,739
Interest payable	5,380	2,235
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets
Cash and due from banks	123,505	593,508
Interest–earning time deposits	0	0
Investment securities, held to maturity	0	0
Loans held for sale	0	0
Loans (excluding loan level hedges), net	0	0
Stock in FHLB	0	0
Interest receivable	0	0
Liabilities
Non–interest bearing deposits	1,277,768	1,360,338
Interest bearing deposits	0	0
Borrowings	0	0
Subordinated notes	0	0
Junior subordinated debentures issued to capital trusts	0	0
Interest payable	0	0
Significant Other Observable Inputs (Level 2)
Assets
Cash and due from banks	0	0
Interest–earning time deposits	2,778	4,861
Investment securities, held to maturity	1,681,309	1,513,520
Loans held for sale	0	0
Loans (excluding loan level hedges), net	0	0
Stock in FHLB	26,677	24,440
Interest receivable	35,294	26,137
Liabilities
Non–interest bearing deposits	0	0
Interest bearing deposits	4,100,154	4,369,011
Borrowings	1,139,926	708,275
Subordinated notes	56,496	57,906
Junior subordinated debentures issued to capital trusts	51,327	53,420
Interest payable	5,380	2,235
Significant Unobservable Inputs (Level 3)
Assets
Cash and due from banks	0	0
Interest–earning time deposits	0	0
Investment securities, held to maturity	0	46,471
Loans held for sale	5,807	12,579
Loans (excluding loan level hedges), net	3,852,458	3,513,346
Stock in FHLB	0	0
Interest receivable	0	0
Liabilities
Non–interest bearing deposits	0	0
Interest bearing deposits	0	0
Borrowings	0	0
Subordinated notes	0	0
Junior subordinated debentures issued to capital trusts	0	0
Interest payable	0	0
Carrying Amount
Assets
Cash and due from banks	123,505	593,508
Interest–earning time deposits	2,812	4,782
Investment securities, held to maturity	2,022,748	1,552,443
Loans held for sale	5,807	12,579
Loans (excluding loan level hedges), net	4,107,534	3,604,248
Stock in FHLB	26,677	24,440
Interest receivable	35,294	26,137
Liabilities
Non–interest bearing deposits	1,277,768	1,360,338
Interest bearing deposits	4,580,006	4,442,653
Borrowings	1,142,949	712,739
Subordinated notes	58,896	58,750
Junior subordinated debentures issued to capital trusts	57,027	56,785
Interest payable	$ 5,380	$ 2,235

Condensed Financial Informati_3

Condensed Financial Information (Parent Company Only) - Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets
Other assets	$ 139,281	$ 66,836
Total assets	7,872,518	7,411,889
Liabilities
Subordinated notes	58,896	58,750
Junior subordinated debentures issued to capital trusts	57,027	56,785
Other liabilities	73,117	55,180
Stockholders’ Equity	677,375	723,209	$ 692,216	$ 656,023
Total liabilities and stockholders’ equity	7,872,518	7,411,889
Parent Company
Assets
Total cash and cash equivalents	54,097	53,907
Investment in subsidiaries	748,983	796,054
Other assets	10,519	9,510
Total assets	813,599	859,471
Liabilities
Subordinated notes	58,896	58,750
Junior subordinated debentures issued to capital trusts	57,027	56,785
Other liabilities	20,301	20,727
Stockholders’ Equity	677,375	723,209
Total liabilities and stockholders’ equity	$ 813,599	$ 859,471

Condensed Financial Informati_4

Condensed Financial Information (Parent Company Only) - Condensed Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating Income (Expense)
Other income	$ 2,272	$ 4,242	$ 1,513
Interest expense	(36,515)	(18,305)	(34,438)
Salaries and employee benefits	(80,283)	(74,051)	(71,082)
Income Before Tax	105,584	102,447	78,369
Income Tax Benefit	(12,176)	(15,356)	(9,870)
Net Income Available to Common Shareholders	93,408	87,091	68,499
Parent Company
Operating Income (Expense)
Dividend income from subsidiaries	34,750	22,500	61,400
Other income	45	25	106
Interest expense	(6,258)	(5,767)	(4,483)
Salaries and employee benefits	(2,551)	(1,890)	(1,997)
Other expense	(411)	(591)	(517)
Income Before Undistributed Income of Subsidiaries	25,575	14,277	54,509
Undistributed Income of Subsidiaries	66,473	71,439	13,131
Income Before Tax	92,048	85,716	67,640
Income Tax Benefit	1,360	1,375	859
Net Income Available to Common Shareholders	$ 93,408	$ 87,091	$ 68,499

Condensed Financial Informati_5

Condensed Financial Information (Parent Company Only) - Condensed Statements of Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Condensed Comprehensive Income [Line Items]
Net Income	$ 93,408	$ 87,091	$ 68,499
Other Comprehensive Income (Loss)
Changes from derivative instruments	4,463	3,610	(3,004)
Other Comprehensive Income (Loss), Net of Tax	(113,543)	(20,507)	21,420
Comprehensive Income (Loss)	(20,135)	66,584	89,919
Parent Company
Condensed Comprehensive Income [Line Items]
Net Income	93,408	87,091	68,499
Other Comprehensive Income (Loss)
Changes from derivative instruments	4,463	3,610	(3,004)
Unrealized gain (loss) for the period on held to maturity securities, net of taxes	(1,603)	4,687	(46)
Unrealized gain (loss) on available for sale securities, net of taxes	(116,403)	(28,082)	27,865
Less: reclassification adjustment for realized gains included in net income, net of taxes	0	(722)	(3,395)
Other Comprehensive Income (Loss), Net of Tax	(113,543)	(20,507)	21,420
Comprehensive Income (Loss)	$ (20,135)	$ 66,584	$ 89,919

Condensed Financial Informati_6

Condensed Financial Information (Parent Company Only) - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating Activities
Net Income	$ 93,408	$ 87,091	$ 68,499
Change in:
Share based compensation	2,475	1,819	1,338
Other assets	(13,964)	9,633	(4,456)
Other liabilities	(4,814)	(2,948)	931
Net cash provided by operating activities	94,380	106,350	78,858
Investing Activities
Net cash used in investing activities	(1,019,932)	(344,853)	(478,458)
Financing Activities
Repurchase of outstanding stock	0	7,607	19,636
Dividends paid on common shares	(27,765)	(24,768)	(21,183)
Proceeds from issuance of stock	0	0	1,233
Net settlement of share awards	(1,824)	(1,355)	0
Exercise of stock options	145	1,062	157
Net proceeds from issuance of subordinated notes	0	0	58,824
Net cash provided by (used in) financing activities	455,549	582,300	550,480
Net Change in Cash and Cash Equivalents	(470,003)	343,797	150,880
Cash and Cash Equivalents, Beginning of Period	593,508	249,711	98,831
Cash and Cash Equivalents, End of Period	123,505	593,508	249,711
Parent Company
Operating Activities
Net Income	93,408	87,091	68,499
Items not requiring (providing) cash
Equity in undistributed net income of subsidiaries	(66,473)	(71,439)	(13,131)
Change in:
Share based compensation	2,475	1,819	1,338
Other assets	(284)	730	(20)
Other liabilities	120	946	(14)
Net cash provided by operating activities	29,246	19,147	56,672
Investing Activities
Capital contribution to subsidiary	0	(60,000)	0
Net cash used in investing activities	0	(60,000)	0
Financing Activities
Other change in borrowings	388	384	16
Repurchase of outstanding stock	0	7,607	19,636
Dividends paid on common shares	(27,765)	(24,768)	(21,183)
Proceeds from issuance of stock	0	0	1,233
Net settlement of share awards	(1,824)	(1,355)	0
Exercise of stock options	145	1,062	157
Net cash provided by (used in) financing activities	(29,056)	(32,284)	19,411
Net Change in Cash and Cash Equivalents	190	(73,137)	76,083
Cash and Cash Equivalents, Beginning of Period	53,907	127,044	50,961
Cash and Cash Equivalents, End of Period	$ 54,097	$ 53,907	$ 127,044

Uncategorized Items - hbnc-2022

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]