Company Quick10K Filing
Heartland Financial
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 36 $1,560
10-K 2020-02-26 Annual: 2019-12-31
10-Q 2019-11-06 Quarter: 2019-09-30
10-Q 2019-08-07 Quarter: 2019-06-30
10-Q 2019-05-07 Quarter: 2019-03-31
10-K 2019-02-27 Annual: 2018-12-31
10-Q 2018-11-06 Quarter: 2018-09-30
10-Q 2018-08-07 Quarter: 2018-06-30
10-Q 2018-05-08 Quarter: 2018-03-31
10-K 2018-02-28 Annual: 2017-12-31
10-Q 2017-11-08 Quarter: 2017-09-30
10-Q 2017-08-04 Quarter: 2017-06-30
10-Q 2017-05-05 Quarter: 2017-03-31
10-K 2017-03-01 Annual: 2016-12-31
10-Q 2016-11-09 Quarter: 2016-09-30
10-Q 2016-08-05 Quarter: 2016-06-30
10-Q 2016-05-06 Quarter: 2016-03-31
10-K 2016-03-11 Annual: 2015-12-31
10-Q 2015-11-06 Quarter: 2015-09-30
10-Q 2015-08-06 Quarter: 2015-06-30
10-Q 2015-05-07 Quarter: 2015-03-31
10-K 2015-03-13 Annual: 2014-12-31
10-Q 2014-11-07 Quarter: 2014-09-30
10-Q 2014-08-07 Quarter: 2014-06-30
10-Q 2014-05-09 Quarter: 2014-03-31
10-K 2014-03-14 Annual: 2013-12-31
10-Q 2013-11-07 Quarter: 2013-09-30
10-Q 2013-08-08 Quarter: 2013-06-30
10-Q 2013-05-09 Quarter: 2013-03-31
10-K 2013-03-15 Annual: 2012-12-31
10-Q 2012-11-09 Quarter: 2012-09-30
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-10 Quarter: 2012-03-31
10-K 2012-03-15 Annual: 2011-12-31
10-Q 2011-11-09 Quarter: 2011-09-30
10-Q 2011-08-09 Quarter: 2011-06-30
10-Q 2011-05-10 Quarter: 2011-03-31
10-K 2011-03-16 Annual: 2010-12-31
10-Q 2010-11-09 Quarter: 2010-09-30
10-Q 2010-08-09 Quarter: 2010-06-30
10-Q 2010-05-10 Quarter: 2010-03-31
10-K 2010-03-16 Annual: 2009-12-31
8-K 2020-02-11 Enter Agreement, Regulation FD, Exhibits
8-K 2020-01-27 Earnings, Exhibits
8-K 2020-01-23 Regulation FD, Exhibits
8-K 2019-12-10 Regulation FD, Exhibits
8-K 2019-11-30 Regulation FD, Other Events, Exhibits
8-K 2019-11-15 Officers, Exhibits
8-K 2019-10-28 Earnings, Exhibits
8-K 2019-10-23 Regulation FD, Exhibits
8-K 2019-08-13 Enter Agreement, Regulation FD, Exhibits
8-K 2019-07-30 Regulation FD, Exhibits
8-K 2019-07-29 Earnings, Exhibits
8-K 2019-07-26 Officers, Exhibits
8-K 2019-07-23 Regulation FD, Exhibits
8-K 2019-05-22 Shareholder Vote
8-K 2019-05-13 Regulation FD, Exhibits
8-K 2019-05-10 Regulation FD, Exhibits
8-K 2019-05-06 Officers, Exhibits
8-K 2019-04-29 Earnings, Exhibits
8-K 2019-04-29 Other Events
8-K 2019-04-23 Regulation FD, Exhibits
8-K 2019-01-28 Earnings, Exhibits
8-K 2019-01-23 Regulation FD, Exhibits
8-K 2019-01-16 Enter Agreement, Regulation FD, Exhibits
8-K 2018-12-11 Regulation FD, Exhibits
8-K 2018-12-11 Officers, Exhibits
8-K 2018-10-29 Earnings, Exhibits
8-K 2018-10-16 Regulation FD, Exhibits
8-K 2018-07-26 Officers, Exhibits
8-K 2018-07-23 Earnings, Exhibits
8-K 2018-07-23 Regulation FD, Exhibits
8-K 2018-06-27 Regulation FD, Exhibits
8-K 2018-05-18 M&A, Regulation FD, Exhibits
8-K 2018-05-16 Shareholder Vote
8-K 2018-05-16 Officers, Exhibits
8-K 2018-04-30 Earnings, Exhibits
8-K 2018-04-27 Regulation FD, Exhibits
8-K 2018-02-23 Regulation FD, Exhibits
8-K 2018-01-29 Earnings, Exhibits
8-K 2018-01-18 Regulation FD, Exhibits
HTLF 2019-12-31
Part I
Item 1. Business
Item 1A. Risk Factors
Item 1B. Unresolved Staff Comments
Item 2. Properties
Item 3. Legal Proceedings
Item 4. Mine Safety Disclosures
Part II
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Item 6. Selected Financial Data
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
Item 8. Financial Statements and Supplementary Data
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Item 9A. Controls and Procedures
Item 9B. Other Information
Part III
Item 10. Directors, Executive Officers and Corporate Governance
Item 11. Executive Compensation
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Item 13. Certain Relationships and Related Transactions, and Director Independence
Item 14. Principal Accountant Fees and Services
Part IV
Item 15. Exhibits and Financial Statement Schedules
Item 16. Form 10-K Summary
EX-2.4 ex24aimbancsharesincag.htm
EX-4.12 ex-412descriptionofsec.htm
EX-10.8 ex-108formofchangeofco.htm
EX-21.1 ex211subsidiariesforfo.htm
EX-23.1 ex231kpmgconsentform10.htm
EX-31.1 ex311certification2019.htm
EX-31.2 ex312certification2019.htm
EX-32.1 ex321certification2019.htm
EX-32.2 ex322certification2019.htm

Heartland Financial Earnings 2019-12-31

HTLF 10K Annual Report

Balance SheetIncome StatementCash Flow

Comparables ($MM TTM)
Ticker M Cap Assets Liab Rev G Profit Net Inc EBITDA EV G Margin EV/EBITDA ROA
FRME 2,127 12,325 10,576 0 0 158 293 1,925 6.6 1%
NWBI 1,755 10,580 9,229 0 0 0 85 1,647 19.4 0%
EGBN 1,526 9,003 7,819 0 0 150 309 1,348 4.4 2%
HOPE 1,828 15,380 13,349 0 0 172 448 1,476 3.3 1%
WABC 1,726 5,616 4,903 0 0 79 99 1,726 17.5 1%
PRK 1,616 8,724 7,767 0 0 79 145 1,550 10.7 1%
NBTB 1,604 9,661 8,563 0 0 92 161 1,330 8.3 1%
HTLF 1,662 12,569 11,005 57 0 143 264 1,214 0% 4.6 1%
BUSE 1,437 9,754 8,538 0 0 100 214 911 4.2 1%
VBTX 1,341 7,963 6,757 0 0 62 163 1,088 6.7 1%

htlf-20191231
00009201122019FYFALSE--12-31P5YP3YP3YP3YP1YP1YP1YP3YP10Y70,0000.0011,0001,0001000009201122019-01-012019-12-31iso4217:USD00009201122019-06-30xbrli:shares00009201122020-02-2500009201122019-12-3100009201122018-12-31iso4217:USDxbrli:shares0000920112us-gaap:PreferredStockMember2019-12-310000920112us-gaap:PreferredStockMember2018-12-310000920112us-gaap:SeriesAPreferredStockMember2019-12-310000920112us-gaap:SeriesAPreferredStockMember2018-12-310000920112us-gaap:SeriesCPreferredStockMember2018-12-310000920112us-gaap:SeriesCPreferredStockMember2019-12-310000920112us-gaap:SeriesDPreferredStockMember2019-12-310000920112us-gaap:SeriesDPreferredStockMember2018-12-3100009201122018-01-012018-12-3100009201122017-01-012017-12-310000920112us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2019-01-012019-12-310000920112us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2018-01-012018-12-310000920112us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2017-01-012017-12-310000920112us-gaap:FinancialServiceMember2019-01-012019-12-310000920112us-gaap:FinancialServiceMember2018-01-012018-12-310000920112us-gaap:FinancialServiceMember2017-01-012017-12-310000920112us-gaap:FiduciaryAndTrustMember2019-01-012019-12-310000920112us-gaap:FiduciaryAndTrustMember2018-01-012018-12-310000920112us-gaap:FiduciaryAndTrustMember2017-01-012017-12-310000920112htlf:FinancialServiceBrokerageAndInsuranceCommissionsMember2019-01-012019-12-310000920112htlf:FinancialServiceBrokerageAndInsuranceCommissionsMember2018-01-012018-12-310000920112htlf:FinancialServiceBrokerageAndInsuranceCommissionsMember2017-01-012017-12-310000920112us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-01-012019-12-310000920112us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2018-01-012018-12-310000920112us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2017-01-012017-12-310000920112us-gaap:AccumulatedOtherComprehensiveIncomeMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2019-01-012019-12-310000920112us-gaap:AccumulatedOtherComprehensiveIncomeMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2018-01-012018-12-310000920112us-gaap:AccumulatedOtherComprehensiveIncomeMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2017-01-012017-12-310000920112us-gaap:PreferredStockMember2016-12-310000920112us-gaap:CommonStockMember2016-12-310000920112us-gaap:AdditionalPaidInCapitalMember2016-12-310000920112us-gaap:RetainedEarningsMember2016-12-310000920112us-gaap:AccumulatedOtherComprehensiveIncomeMember2016-12-310000920112us-gaap:TreasuryStockMember2016-12-3100009201122016-12-310000920112us-gaap:RetainedEarningsMember2017-01-012017-12-310000920112us-gaap:AccumulatedOtherComprehensiveIncomeMember2017-01-012017-12-310000920112us-gaap:SeriesDPreferredStockMember2017-01-012017-12-310000920112us-gaap:SeriesDPreferredStockMemberus-gaap:RetainedEarningsMember2017-01-012017-12-310000920112us-gaap:SeriesDPreferredStockMemberus-gaap:PreferredStockMember2017-01-012017-12-310000920112us-gaap:TreasuryStockMember2017-01-012017-12-310000920112us-gaap:CommonStockMember2017-01-012017-12-310000920112us-gaap:AdditionalPaidInCapitalMember2017-01-012017-12-310000920112us-gaap:PreferredStockMember2017-12-310000920112us-gaap:CommonStockMember2017-12-310000920112us-gaap:AdditionalPaidInCapitalMember2017-12-310000920112us-gaap:RetainedEarningsMember2017-12-310000920112us-gaap:AccumulatedOtherComprehensiveIncomeMember2017-12-310000920112us-gaap:TreasuryStockMember2017-12-3100009201122017-12-310000920112us-gaap:RetainedEarningsMember2018-01-012018-12-310000920112us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-01-012018-12-310000920112us-gaap:SeriesDPreferredStockMember2018-01-012018-12-310000920112us-gaap:SeriesDPreferredStockMemberus-gaap:RetainedEarningsMember2018-01-012018-12-310000920112us-gaap:SeriesDPreferredStockMemberus-gaap:PreferredStockMember2018-01-012018-12-310000920112us-gaap:TreasuryStockMember2018-01-012018-12-310000920112us-gaap:CommonStockMember2018-01-012018-12-310000920112us-gaap:AdditionalPaidInCapitalMember2018-01-012018-12-310000920112us-gaap:PreferredStockMember2018-12-310000920112us-gaap:CommonStockMember2018-12-310000920112us-gaap:AdditionalPaidInCapitalMember2018-12-310000920112us-gaap:RetainedEarningsMember2018-12-310000920112us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-310000920112us-gaap:TreasuryStockMember2018-12-310000920112us-gaap:RetainedEarningsMember2019-01-012019-12-310000920112us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-012019-12-310000920112us-gaap:CommonStockMember2019-01-012019-12-310000920112us-gaap:AdditionalPaidInCapitalMember2019-01-012019-12-310000920112us-gaap:TreasuryStockMember2019-01-012019-12-310000920112us-gaap:PreferredStockMember2019-12-310000920112us-gaap:CommonStockMember2019-12-310000920112us-gaap:AdditionalPaidInCapitalMember2019-12-310000920112us-gaap:RetainedEarningsMember2019-12-310000920112us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310000920112us-gaap:TreasuryStockMember2019-12-310000920112us-gaap:BuildingMembersrt:MinimumMember2019-01-012019-12-310000920112us-gaap:BuildingMembersrt:MaximumMember2019-01-012019-12-310000920112us-gaap:LandImprovementsMember2019-01-012019-12-310000920112srt:MinimumMemberhtlf:FurnitureAndEquipmentMember2019-01-012019-12-310000920112srt:MaximumMemberhtlf:FurnitureAndEquipmentMember2019-01-012019-12-310000920112srt:MinimumMemberus-gaap:CoreDepositsMember2019-01-012019-12-310000920112srt:MaximumMemberus-gaap:CoreDepositsMember2019-01-012019-12-310000920112us-gaap:CustomerRelationshipsMember2019-01-012019-12-310000920112htlf:MortgageServicingRights15YearMember2019-12-310000920112htlf:MortgageServicingRights15YearMember2019-01-012019-12-310000920112htlf:MortgageServicingRights30YearMember2019-12-310000920112htlf:MortgageServicingRights30YearMember2019-01-012019-12-310000920112htlf:MortgageServicingRights15YearMember2018-12-310000920112htlf:MortgageServicingRights15YearMember2018-01-012018-12-310000920112htlf:MortgageServicingRights30YearMember2018-12-310000920112htlf:MortgageServicingRights30YearMember2018-01-012018-12-310000920112us-gaap:AccountingStandardsUpdate201602Member2019-01-010000920112srt:MinimumMemberus-gaap:UnfundedLoanCommitmentMemberus-gaap:AccountingStandardsUpdate201613Membersrt:ScenarioForecastMember2020-01-010000920112us-gaap:UnfundedLoanCommitmentMemberus-gaap:AccountingStandardsUpdate201613Membersrt:MaximumMembersrt:ScenarioForecastMember2020-01-010000920112us-gaap:AccountingStandardsUpdate201613Membersrt:ScenarioForecastMember2020-01-012020-01-010000920112us-gaap:AccountingStandardsUpdate201712Member2019-01-010000920112us-gaap:SubsequentEventMemberhtlf:AIMBancsharesIncMember2020-02-112020-02-110000920112htlf:AIMBancsharesIncMember2019-12-310000920112htlf:RockfordBankAndTrustCompanyMember2019-11-300000920112htlf:RockfordBankAndTrustCompanyMember2019-11-302019-11-300000920112htlf:BlueValleyBanCorp.Member2019-05-100000920112htlf:BlueValleyBanCorp.Member2019-05-102019-05-100000920112htlf:BlueValleyBanCorp.Memberus-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMember2019-05-100000920112htlf:BlueValleyBanCorp.Member2019-05-100000920112htlf:SignatureBancsharesInc.Member2018-02-232018-02-230000920112htlf:SignatureBancsharesInc.Member2018-02-230000920112htlf:SignatureBancsharesInc.Member2018-02-232018-02-230000920112htlf:FirstBankLubbockBancsharesInc.Member2018-05-182018-05-180000920112us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberhtlf:FirstBankLubbockBancsharesInc.Member2018-05-180000920112htlf:FirstBankLubbockBancsharesInc.Memberus-gaap:StockAppreciationRightsSARSMember2018-05-182018-05-180000920112htlf:FirstBankLubbockBancsharesInc.Member2018-05-180000920112htlf:FirstBankLubbockBancsharesInc.Member2018-05-180000920112htlf:FirstBankLubbockBancsharesInc.Member2018-01-012018-12-310000920112htlf:FirstBankLubbockBancsharesInc.Member2018-12-310000920112us-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2019-12-310000920112us-gaap:MortgageBackedSecuritiesMember2019-12-310000920112us-gaap:USStatesAndPoliticalSubdivisionsMember2019-12-310000920112us-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2018-12-310000920112us-gaap:MortgageBackedSecuritiesMember2018-12-310000920112us-gaap:USStatesAndPoliticalSubdivisionsMember2018-12-310000920112us-gaap:DebtSecuritiesMember2018-12-310000920112us-gaap:CollateralPledgedMember2019-12-310000920112us-gaap:CommercialLoanMemberus-gaap:CommercialPortfolioSegmentMember2019-12-310000920112us-gaap:CommercialLoanMemberus-gaap:CommercialPortfolioSegmentMember2018-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMember2019-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMember2018-12-310000920112htlf:AgriculturalPortfolioSegmentMember2019-12-310000920112htlf:AgriculturalPortfolioSegmentMember2018-12-310000920112us-gaap:ResidentialPortfolioSegmentMember2019-12-310000920112us-gaap:ResidentialPortfolioSegmentMember2018-12-310000920112us-gaap:ConsumerPortfolioSegmentMember2019-12-310000920112us-gaap:ConsumerPortfolioSegmentMember2018-12-310000920112us-gaap:NonperformingFinancingReceivableMember2019-12-310000920112us-gaap:PerformingFinancingReceivableMember2019-12-310000920112us-gaap:NonperformingFinancingReceivableMember2018-12-310000920112us-gaap:PerformingFinancingReceivableMember2018-12-31htlf:loan0000920112us-gaap:CommercialLoanMemberus-gaap:CommercialPortfolioSegmentMember2019-01-012019-12-310000920112us-gaap:CommercialLoanMemberus-gaap:CommercialPortfolioSegmentMember2018-01-012018-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMember2019-01-012019-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMember2018-01-012018-12-310000920112us-gaap:CommercialPortfolioSegmentMember2019-01-012019-12-310000920112us-gaap:CommercialPortfolioSegmentMember2018-01-012018-12-310000920112htlf:AgriculturalPortfolioSegmentMember2019-01-012019-12-310000920112htlf:AgriculturalPortfolioSegmentMember2018-01-012018-12-310000920112us-gaap:ResidentialPortfolioSegmentMember2019-01-012019-12-310000920112us-gaap:ResidentialPortfolioSegmentMember2018-01-012018-12-310000920112us-gaap:ConsumerPortfolioSegmentMember2019-01-012019-12-310000920112us-gaap:ConsumerPortfolioSegmentMember2018-01-012018-12-310000920112us-gaap:CommercialLoanMemberus-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2019-12-310000920112us-gaap:CommercialLoanMemberus-gaap:CommercialPortfolioSegmentMemberhtlf:NonpassMember2019-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2019-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMemberhtlf:NonpassMember2019-12-310000920112us-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2019-12-310000920112us-gaap:CommercialPortfolioSegmentMemberhtlf:NonpassMember2019-12-310000920112us-gaap:CommercialPortfolioSegmentMember2019-12-310000920112us-gaap:PassMemberhtlf:AgriculturalPortfolioSegmentMember2019-12-310000920112htlf:NonpassMemberhtlf:AgriculturalPortfolioSegmentMember2019-12-310000920112us-gaap:PassMemberus-gaap:ResidentialPortfolioSegmentMember2019-12-310000920112htlf:NonpassMemberus-gaap:ResidentialPortfolioSegmentMember2019-12-310000920112us-gaap:ConsumerPortfolioSegmentMemberus-gaap:PassMember2019-12-310000920112us-gaap:ConsumerPortfolioSegmentMemberhtlf:NonpassMember2019-12-310000920112us-gaap:PassMember2019-12-310000920112htlf:NonpassMember2019-12-310000920112us-gaap:CommercialLoanMemberus-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2018-12-310000920112us-gaap:CommercialLoanMemberus-gaap:CommercialPortfolioSegmentMemberhtlf:NonpassMember2018-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2018-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMemberhtlf:NonpassMember2018-12-310000920112us-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2018-12-310000920112us-gaap:CommercialPortfolioSegmentMemberhtlf:NonpassMember2018-12-310000920112us-gaap:CommercialPortfolioSegmentMember2018-12-310000920112us-gaap:PassMemberhtlf:AgriculturalPortfolioSegmentMember2018-12-310000920112htlf:NonpassMemberhtlf:AgriculturalPortfolioSegmentMember2018-12-310000920112us-gaap:PassMemberus-gaap:ResidentialPortfolioSegmentMember2018-12-310000920112htlf:NonpassMemberus-gaap:ResidentialPortfolioSegmentMember2018-12-310000920112us-gaap:ConsumerPortfolioSegmentMemberus-gaap:PassMember2018-12-310000920112us-gaap:ConsumerPortfolioSegmentMemberhtlf:NonpassMember2018-12-310000920112us-gaap:PassMember2018-12-310000920112htlf:NonpassMember2018-12-31xbrli:pure0000920112us-gaap:SpecialMentionMember2019-12-310000920112us-gaap:SubstandardMember2019-12-310000920112us-gaap:SpecialMentionMember2018-12-310000920112us-gaap:SubstandardMember2018-12-310000920112us-gaap:CommercialLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310000920112us-gaap:CommercialLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310000920112us-gaap:CommercialLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2019-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2019-12-310000920112us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310000920112us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310000920112us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2019-12-310000920112us-gaap:FinancingReceivables30To59DaysPastDueMemberhtlf:AgriculturalPortfolioSegmentMember2019-12-310000920112us-gaap:FinancingReceivables60To89DaysPastDueMemberhtlf:AgriculturalPortfolioSegmentMember2019-12-310000920112us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhtlf:AgriculturalPortfolioSegmentMember2019-12-310000920112us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310000920112us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2019-12-310000920112us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2019-12-310000920112us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310000920112us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310000920112us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310000920112us-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310000920112us-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310000920112us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310000920112us-gaap:CommercialLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2018-12-310000920112us-gaap:CommercialLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2018-12-310000920112us-gaap:CommercialLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2018-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2018-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2018-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2018-12-310000920112us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2018-12-310000920112us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2018-12-310000920112us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2018-12-310000920112us-gaap:FinancingReceivables30To59DaysPastDueMemberhtlf:AgriculturalPortfolioSegmentMember2018-12-310000920112us-gaap:FinancingReceivables60To89DaysPastDueMemberhtlf:AgriculturalPortfolioSegmentMember2018-12-310000920112us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhtlf:AgriculturalPortfolioSegmentMember2018-12-310000920112us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2018-12-310000920112us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2018-12-310000920112us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2018-12-310000920112us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2018-12-310000920112us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2018-12-310000920112us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2018-12-310000920112us-gaap:FinancingReceivables30To59DaysPastDueMember2018-12-310000920112us-gaap:FinancingReceivables60To89DaysPastDueMember2018-12-310000920112us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2018-12-310000920112htlf:RockfordBankAndTrustCompanyMember2019-11-300000920112us-gaap:CommercialPortfolioSegmentMemberhtlf:SignatureBancsharesInc.Member2018-02-230000920112us-gaap:CommercialLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2019-01-012019-12-310000920112us-gaap:CommercialLoanMemberus-gaap:CommercialPortfolioSegmentMemberhtlf:FinancingReceivablesExcludingAcquiredWithDeterioratedCreditQualityMember2019-01-012019-12-310000920112us-gaap:CommercialLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2018-01-012018-12-310000920112us-gaap:CommercialLoanMemberus-gaap:CommercialPortfolioSegmentMemberhtlf:FinancingReceivablesExcludingAcquiredWithDeterioratedCreditQualityMember2018-01-012018-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2019-01-012019-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMemberhtlf:FinancingReceivablesExcludingAcquiredWithDeterioratedCreditQualityMember2019-01-012019-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2018-01-012018-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMemberhtlf:FinancingReceivablesExcludingAcquiredWithDeterioratedCreditQualityMember2018-01-012018-12-310000920112us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberhtlf:AgriculturalPortfolioSegmentMember2019-01-012019-12-310000920112htlf:FinancingReceivablesExcludingAcquiredWithDeterioratedCreditQualityMemberhtlf:AgriculturalPortfolioSegmentMember2019-01-012019-12-310000920112us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberhtlf:AgriculturalPortfolioSegmentMember2018-01-012018-12-310000920112htlf:FinancingReceivablesExcludingAcquiredWithDeterioratedCreditQualityMemberhtlf:AgriculturalPortfolioSegmentMember2018-01-012018-12-310000920112us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2019-01-012019-12-310000920112htlf:FinancingReceivablesExcludingAcquiredWithDeterioratedCreditQualityMemberus-gaap:ResidentialPortfolioSegmentMember2019-01-012019-12-310000920112us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2018-01-012018-12-310000920112htlf:FinancingReceivablesExcludingAcquiredWithDeterioratedCreditQualityMemberus-gaap:ResidentialPortfolioSegmentMember2018-01-012018-12-310000920112us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2019-01-012019-12-310000920112us-gaap:ConsumerPortfolioSegmentMemberhtlf:FinancingReceivablesExcludingAcquiredWithDeterioratedCreditQualityMember2019-01-012019-12-310000920112us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2018-01-012018-12-310000920112us-gaap:ConsumerPortfolioSegmentMemberhtlf:FinancingReceivablesExcludingAcquiredWithDeterioratedCreditQualityMember2018-01-012018-12-310000920112us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2019-01-012019-12-310000920112htlf:FinancingReceivablesExcludingAcquiredWithDeterioratedCreditQualityMember2019-01-012019-12-310000920112us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2018-01-012018-12-310000920112htlf:FinancingReceivablesExcludingAcquiredWithDeterioratedCreditQualityMember2018-01-012018-12-310000920112htlf:TwoThousandFifteenAcquisitionsMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2019-12-310000920112htlf:TwoThousandFifteenAcquisitionsMember2019-12-310000920112htlf:TwoThousandFifteenAcquisitionsMember2018-12-310000920112htlf:TwoThousandFifteenAcquisitionsMember2019-01-012019-12-310000920112htlf:TwoThousandFifteenAcquisitionsMember2018-01-012018-12-310000920112htlf:FinancingReceivablesExcludingAcquiredWithDeterioratedCreditQualityMemberhtlf:TwoThousandFifteenAcquisitionsMember2019-12-310000920112us-gaap:CommercialLoanMemberus-gaap:CommercialPortfolioSegmentMember2017-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMember2017-12-310000920112htlf:AgriculturalPortfolioSegmentMember2017-12-310000920112us-gaap:ResidentialPortfolioSegmentMember2017-12-310000920112us-gaap:ConsumerPortfolioSegmentMember2017-12-310000920112us-gaap:LandAndLandImprovementsMember2019-12-310000920112us-gaap:LandAndLandImprovementsMember2018-12-310000920112us-gaap:BuildingAndBuildingImprovementsMember2019-12-310000920112us-gaap:BuildingAndBuildingImprovementsMember2018-12-310000920112htlf:FurnitureAndEquipmentMember2019-12-310000920112htlf:FurnitureAndEquipmentMember2018-12-310000920112us-gaap:BuildingAndBuildingImprovementsMember2019-01-012019-12-310000920112us-gaap:BuildingAndBuildingImprovementsMember2018-01-012018-12-310000920112us-gaap:BuildingAndBuildingImprovementsMember2017-01-012017-12-310000920112htlf:FurnitureAndEquipmentMember2019-01-012019-12-310000920112htlf:FurnitureAndEquipmentMember2018-01-012018-12-310000920112htlf:FurnitureAndEquipmentMember2017-01-012017-12-310000920112us-gaap:CoreDepositsMemberhtlf:RockfordBankAndTrustCompanyMember2019-11-300000920112us-gaap:CoreDepositsMemberhtlf:BlueValleyBanCorp.Member2019-05-100000920112us-gaap:CoreDepositsMemberhtlf:FirstBankLubbockBancsharesInc.Member2018-05-180000920112us-gaap:CoreDepositsMemberhtlf:SignatureBancsharesInc.Member2018-02-230000920112us-gaap:CoreDepositsMemberhtlf:FirstBankLubbockBancsharesInc.Member2019-01-012019-12-310000920112us-gaap:CoreDepositsMemberhtlf:BlueValleyBanCorp.Member2019-01-012019-12-310000920112us-gaap:CoreDepositsMemberhtlf:SignatureBancsharesInc.Member2019-01-012019-12-310000920112us-gaap:CoreDepositsMemberhtlf:RockfordBankAndTrustCompanyMember2019-01-012019-12-310000920112us-gaap:CoreDepositsMember2019-12-310000920112us-gaap:CoreDepositsMember2018-12-310000920112us-gaap:CustomerRelationshipsMember2019-12-310000920112us-gaap:CustomerRelationshipsMember2018-12-310000920112us-gaap:ServicingContractsMember2019-12-310000920112us-gaap:ServicingContractsMember2018-12-310000920112htlf:CommercialServicingRightsMember2019-12-310000920112htlf:CommercialServicingRightsMember2018-12-310000920112htlf:DubuqueBankAndTrustCompanyMemberhtlf:MortgageServicingRightsMember2019-04-302019-04-300000920112htlf:DubuqueBankAndTrustCompanyMemberhtlf:MortgageServicingRightsMember2019-04-012019-06-300000920112htlf:DubuqueBankAndTrustCompanyMemberhtlf:MortgageServicingRightsMember2019-01-012019-12-310000920112htlf:MortgageServicingRightsMember2019-12-310000920112htlf:MortgageServicingRightsMember2018-12-310000920112htlf:PNCBankN.A.Member2019-08-010000920112htlf:DubuqueBankAndTrustCompanyMember2018-12-310000920112srt:MinimumMemberhtlf:MortgageServicingRightsMember2019-01-012019-12-310000920112htlf:FirstBankTrustMemberhtlf:MortgageServicingRightsMember2018-01-012018-12-310000920112srt:MinimumMemberus-gaap:MeasurementInputCapRateMemberhtlf:MortgageServicingRightsMember2019-12-310000920112us-gaap:MeasurementInputCapRateMembersrt:MaximumMemberhtlf:MortgageServicingRightsMember2019-12-310000920112srt:MinimumMemberus-gaap:MeasurementInputCapRateMemberhtlf:MortgageServicingRightsMember2018-12-310000920112us-gaap:MeasurementInputCapRateMembersrt:MaximumMemberhtlf:MortgageServicingRightsMember2018-12-310000920112htlf:MortgageServicingRightsMember2019-01-012019-12-310000920112htlf:MortgageServicingRightsMember2018-01-012018-12-310000920112htlf:MortgageServicingRightsMember2017-01-012017-12-310000920112htlf:MortgageServicingRightsMember2017-12-310000920112htlf:MortgageServicingRightsMembersrt:ScenarioPreviouslyReportedMember2018-12-310000920112htlf:CommercialServicingRightslessthan20YearsMember2019-01-012019-12-310000920112htlf:CommercialServicingRightsmorethan20YearsMember2019-01-012019-12-310000920112htlf:CommercialServicingRightsMember2019-01-012019-12-310000920112htlf:CommercialServicingRightsMember2018-01-012018-12-310000920112htlf:CommercialServicingRightsMembersrt:MinimumMember2019-01-012019-12-310000920112htlf:CommercialServicingRightsMembersrt:MaximumMember2019-01-012019-12-310000920112htlf:CommercialServicingRightsMembersrt:MinimumMember2018-01-012018-12-310000920112htlf:CommercialServicingRightsMembersrt:MaximumMember2018-01-012018-12-310000920112srt:MinimumMemberhtlf:CommercialServicingRightsMemberus-gaap:MeasurementInputCapRateMember2018-12-310000920112srt:MinimumMemberhtlf:CommercialServicingRightsMemberus-gaap:MeasurementInputCapRateMember2019-12-310000920112htlf:CommercialServicingRightsMemberus-gaap:MeasurementInputCapRateMembersrt:MaximumMember2019-12-310000920112htlf:CommercialServicingRightsMemberus-gaap:MeasurementInputCapRateMembersrt:MaximumMember2018-12-310000920112htlf:CommercialServicingRightsMember2017-12-310000920112htlf:MortgageServicingRights15YearTrancheMember2019-01-012019-12-310000920112htlf:MortgageServicingRights30YearTrancheMember2019-01-012019-12-310000920112htlf:MortgageServicingRights15YearTrancheMember2018-01-012018-12-310000920112htlf:MortgageServicingRights30YearTrancheMember2018-01-012018-12-310000920112htlf:MortgageServicingRights15YearTrancheMemberhtlf:DubuqueBankAndTrustCompanyMember2019-12-310000920112htlf:MortgageServicingRights15YearTrancheMemberhtlf:DubuqueBankAndTrustCompanyMember2019-01-012019-12-310000920112htlf:MortgageServicingRights30YearTrancheMemberhtlf:DubuqueBankAndTrustCompanyMember2019-12-310000920112htlf:MortgageServicingRights30YearTrancheMemberhtlf:DubuqueBankAndTrustCompanyMember2019-01-012019-12-310000920112htlf:MortgageServicingRights15YearTrancheMemberhtlf:FirstBankTrustMember2019-12-310000920112htlf:MortgageServicingRights15YearTrancheMemberhtlf:FirstBankTrustMember2019-01-012019-12-310000920112htlf:MortgageServicingRights30YearTrancheMemberhtlf:FirstBankTrustMember2019-12-310000920112htlf:MortgageServicingRights30YearTrancheMemberhtlf:FirstBankTrustMember2019-01-012019-12-310000920112htlf:MortgageServicingRights15YearTrancheMember2019-12-310000920112htlf:MortgageServicingRights30YearTrancheMember2019-12-310000920112htlf:MortgageServicingRights15YearTrancheMemberhtlf:DubuqueBankAndTrustCompanyMember2018-12-310000920112htlf:MortgageServicingRights15YearTrancheMemberhtlf:DubuqueBankAndTrustCompanyMember2018-01-012018-12-310000920112htlf:MortgageServicingRights30YearTrancheMemberhtlf:DubuqueBankAndTrustCompanyMember2018-12-310000920112htlf:MortgageServicingRights30YearTrancheMemberhtlf:DubuqueBankAndTrustCompanyMember2018-01-012018-12-310000920112htlf:MortgageServicingRights15YearTrancheMemberhtlf:FirstBankTrustMember2018-12-310000920112htlf:MortgageServicingRights15YearTrancheMemberhtlf:FirstBankTrustMember2018-01-012018-12-310000920112htlf:MortgageServicingRights30YearTrancheMemberhtlf:FirstBankTrustMember2018-12-310000920112htlf:MortgageServicingRights30YearTrancheMemberhtlf:FirstBankTrustMember2018-01-012018-12-310000920112htlf:MortgageServicingRights15YearTrancheMember2018-12-310000920112htlf:MortgageServicingRights30YearTrancheMember2018-12-310000920112htlf:CitywideBanksofColoradoInc.Memberhtlf:CommercialServicingRightslessthan20YearsMember2019-12-310000920112htlf:CitywideBanksofColoradoInc.Memberhtlf:CommercialServicingRightslessthan20YearsMember2019-01-012019-12-310000920112htlf:CitywideBanksofColoradoInc.Memberhtlf:CommercialServicingRightsmorethan20YearsMember2019-12-310000920112htlf:CitywideBanksofColoradoInc.Memberhtlf:CommercialServicingRightsmorethan20YearsMember2019-01-012019-12-310000920112htlf:PremierValleyBankMemberhtlf:CommercialServicingRightslessthan20YearsMember2019-12-310000920112htlf:PremierValleyBankMemberhtlf:CommercialServicingRightslessthan20YearsMember2019-01-012019-12-310000920112htlf:PremierValleyBankMemberhtlf:CommercialServicingRightsmorethan20YearsMember2019-12-310000920112htlf:PremierValleyBankMemberhtlf:CommercialServicingRightsmorethan20YearsMember2019-01-012019-12-310000920112htlf:WisconsinBankTrustMemberhtlf:CommercialServicingRightslessthan20YearsMember2019-12-310000920112htlf:WisconsinBankTrustMemberhtlf:CommercialServicingRightslessthan20YearsMember2019-01-012019-12-310000920112htlf:WisconsinBankTrustMemberhtlf:CommercialServicingRightsmorethan20YearsMember2019-12-310000920112htlf:WisconsinBankTrustMemberhtlf:CommercialServicingRightsmorethan20YearsMember2019-01-012019-12-310000920112htlf:CommercialServicingRightslessthan20YearsMember2019-12-310000920112htlf:CommercialServicingRightsmorethan20YearsMember2019-12-310000920112htlf:CitywideBanksofColoradoInc.Memberhtlf:CommercialServicingRightslessthan20YearsMember2018-12-310000920112htlf:CitywideBanksofColoradoInc.Memberhtlf:CommercialServicingRightslessthan20YearsMember2018-01-012018-12-310000920112htlf:CitywideBanksofColoradoInc.Memberhtlf:CommercialServicingRightsmorethan20YearsMember2018-12-310000920112htlf:CitywideBanksofColoradoInc.Memberhtlf:CommercialServicingRightsmorethan20YearsMember2018-01-012018-12-310000920112htlf:PremierValleyBankMemberhtlf:CommercialServicingRightslessthan20YearsMember2018-12-310000920112htlf:PremierValleyBankMemberhtlf:CommercialServicingRightslessthan20YearsMember2018-01-012018-12-310000920112htlf:PremierValleyBankMemberhtlf:CommercialServicingRightsmorethan20YearsMember2018-12-310000920112htlf:CommercialServicingRightsmorethan20YearsMember2018-01-012018-12-310000920112htlf:WisconsinBankTrustMemberhtlf:CommercialServicingRightslessthan20YearsMember2018-12-310000920112htlf:WisconsinBankTrustMemberhtlf:CommercialServicingRightslessthan20YearsMember2018-01-012018-12-310000920112htlf:WisconsinBankTrustMemberhtlf:CommercialServicingRightsmorethan20YearsMember2018-12-310000920112htlf:WisconsinBankTrustMemberhtlf:CommercialServicingRightsmorethan20YearsMember2018-01-012018-12-310000920112htlf:CommercialServicingRightslessthan20YearsMember2018-12-310000920112htlf:CommercialServicingRightslessthan20YearsMember2018-01-012018-12-310000920112htlf:CommercialServicingRightsmorethan20YearsMember2018-12-310000920112us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310000920112us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2018-12-310000920112us-gaap:FederalFundsPurchasedMember2019-12-310000920112us-gaap:FederalFundsPurchasedMember2018-12-310000920112us-gaap:FederalHomeLoanBankAdvancesMember2019-12-310000920112us-gaap:FederalHomeLoanBankAdvancesMember2018-12-310000920112us-gaap:NotesPayableOtherPayablesMember2019-12-310000920112us-gaap:NotesPayableOtherPayablesMember2018-12-31htlf:credit_line0000920112htlf:NonrevolvingCreditFacilityMember2019-12-310000920112htlf:NonrevolvingCreditFacilityMember2018-06-142018-06-140000920112us-gaap:RevolvingCreditFacilityMember2019-06-140000920112us-gaap:RevolvingCreditFacilityMember2019-12-310000920112us-gaap:RevolvingCreditFacilityMember2018-12-310000920112us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2018-01-012018-12-310000920112us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-01-012019-12-310000920112htlf:DubuqueBankAndTrustCompanyMember2019-12-310000920112htlf:DubuqueBankAndTrustCompanyMember2018-12-310000920112htlf:MorrillandJanesBankandTrustCompanyMember2019-12-310000920112htlf:MorrillandJanesBankandTrustCompanyMember2018-12-310000920112us-gaap:FederalHomeLoanBankAdvancesMember2019-12-310000920112us-gaap:FederalHomeLoanBankAdvancesMember2018-12-310000920112us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMember2019-12-310000920112us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMember2018-12-310000920112us-gaap:SeniorNotesMember2019-12-310000920112us-gaap:SeniorNotesMember2018-12-310000920112us-gaap:NotesPayableToBanksMember2019-12-310000920112us-gaap:NotesPayableToBanksMember2018-12-310000920112us-gaap:SubordinatedDebtMember2019-12-310000920112us-gaap:SubordinatedDebtMember2018-12-310000920112htlf:LongTermContractForPurchaseOfRealEstateAndOtherAssetsMember2019-12-310000920112htlf:LongTermContractForPurchaseOfRealEstateAndOtherAssetsMember2018-12-310000920112htlf:OtherBorrowingsMember2019-12-310000920112htlf:OtherBorrowingsMember2018-12-31htlf:subsidiary0000920112htlf:HeartlandFinancialStatutoryTrustIvMemberus-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMember2017-12-310000920112htlf:HeartlandFinancialStatutoryTrustIvMemberus-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMember2019-12-310000920112htlf:HeartlandFinancialStatutoryTrustIvMemberus-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberus-gaap:LondonInterbankOfferedRateLIBORMember2019-01-012019-12-310000920112htlf:HeartlandFinancialStatutoryTrustVMemberus-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMember2019-12-310000920112htlf:HeartlandFinancialStatutoryTrustVMemberus-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberus-gaap:LondonInterbankOfferedRateLIBORMember2019-01-012019-12-310000920112us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberhtlf:HeartlandFinancialStatutoryTrustViMember2019-12-310000920112us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberus-gaap:LondonInterbankOfferedRateLIBORMemberhtlf:HeartlandFinancialStatutoryTrustViMember2019-01-012019-12-310000920112htlf:HeartlandFinancialStatutoryTrustViiMemberus-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMember2019-12-310000920112htlf:HeartlandFinancialStatutoryTrustViiMemberus-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberus-gaap:LondonInterbankOfferedRateLIBORMember2019-01-012019-12-310000920112htlf:MorrillStatutoryTrustOneMemberus-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMember2019-12-310000920112htlf:MorrillStatutoryTrustOneMemberus-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberus-gaap:LondonInterbankOfferedRateLIBORMember2019-01-012019-12-310000920112us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberhtlf:MorrillStatutoryTrustTwoMember2019-12-310000920112us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberus-gaap:LondonInterbankOfferedRateLIBORMemberhtlf:MorrillStatutoryTrustTwoMember2019-01-012019-12-310000920112us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberhtlf:SheboyganStatutoryTrustIMember2019-12-310000920112us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberus-gaap:LondonInterbankOfferedRateLIBORMemberhtlf:SheboyganStatutoryTrustIMember2019-01-012019-12-310000920112htlf:CBNMCapitalTrustIMemberus-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMember2019-12-310000920112htlf:CBNMCapitalTrustIMemberus-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberus-gaap:LondonInterbankOfferedRateLIBORMember2019-01-012019-12-310000920112us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberhtlf:CitywideCapitalTrustIIIMember2019-12-310000920112us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberus-gaap:LondonInterbankOfferedRateLIBORMemberhtlf:CitywideCapitalTrustIIIMember2019-01-012019-12-310000920112us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberhtlf:CitywideCapitalTrustIVMember2019-12-310000920112us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberhtlf:CitywideCapitalTrustIVMemberus-gaap:LondonInterbankOfferedRateLIBORMember2019-01-012019-12-310000920112htlf:CitywideCapitalTrustVMemberus-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMember2019-12-310000920112htlf:CitywideCapitalTrustVMemberus-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberus-gaap:LondonInterbankOfferedRateLIBORMember2019-01-012019-12-310000920112htlf:OCGIStatutoryTrustIIIMemberus-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMember2019-12-310000920112htlf:OCGIStatutoryTrustIIIMemberus-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberus-gaap:LondonInterbankOfferedRateLIBORMember2019-01-012019-12-310000920112htlf:OCGICapitalTrustIVMemberus-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMember2019-12-310000920112htlf:OCGICapitalTrustIVMemberus-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberus-gaap:LondonInterbankOfferedRateLIBORMember2019-01-012019-12-310000920112us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberhtlf:BVBCCapitalTrustIIMember2019-12-310000920112us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberus-gaap:LondonInterbankOfferedRateLIBORMemberhtlf:BVBCCapitalTrustIIMember2019-01-012019-12-310000920112us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberhtlf:BVBCCapitalTrustIIIMember2019-12-310000920112us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberus-gaap:LondonInterbankOfferedRateLIBORMemberhtlf:BVBCCapitalTrustIIIMember2019-01-012019-12-310000920112us-gaap:InterestRateSwapMember2019-12-310000920112htlf:HeartlandFinancialStatutoryTrustIvMemberus-gaap:InterestRateSwapMember2019-12-310000920112us-gaap:InterestRateSwapMemberhtlf:HeartlandFinancialStatutoryTrustVMember2019-12-310000920112us-gaap:InterestRateSwapMemberhtlf:HeartlandFinancialStatutoryTrustViMember2019-12-310000920112htlf:HeartlandFinancialStatutoryTrustViiMemberus-gaap:InterestRateSwapMember2019-12-310000920112htlf:OCGIStatutoryTrustIIIMemberus-gaap:InterestRateSwapMember2019-12-310000920112htlf:OCGICapitalTrustIVMemberus-gaap:InterestRateSwapMember2019-12-310000920112us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberhtlf:Tier1Member2019-12-310000920112us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberhtlf:Tier1Member2018-12-310000920112htlf:NonrevolvingCreditFacilityMember2015-12-150000920112htlf:NonrevolvingCreditFacilityMember2018-06-140000920112htlf:NonrevolvingCreditFacilityMember2018-06-130000920112htlf:NonrevolvingCreditFacilityMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2016-05-100000920112htlf:NonrevolvingCreditFacilityMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2016-05-102016-05-100000920112htlf:NonrevolvingCreditFacilityMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-12-310000920112htlf:NonrevolvingCreditFacilityMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2018-12-310000920112us-gaap:SubordinatedDebtMember2014-12-170000920112htlf:Tier1Member2019-12-310000920112us-gaap:SubordinatedDebtMemberus-gaap:OtherAssetsMember2019-12-310000920112us-gaap:SubordinatedDebtMemberus-gaap:OtherAssetsMember2018-12-310000920112htlf:CounterpartiesMember2019-12-310000920112htlf:CounterpartiesMember2018-12-31htlf:transaction0000920112htlf:ForwardStartingInterestRateSwapMemberus-gaap:CashFlowHedgingMember2019-12-310000920112htlf:HeartlandFinancialStatutoryTrustIVVandVIIMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMember2019-12-310000920112us-gaap:CashFlowHedgingMemberhtlf:MorrillStatutoryTrustIandIIMemberus-gaap:InterestRateSwapMember2019-12-310000920112us-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMember2019-12-310000920112us-gaap:CashFlowHedgingMemberhtlf:MorrillStatutoryTrustIandIIMemberus-gaap:InterestRateSwapMember2019-03-310000920112us-gaap:InterestRateSwapMember2016-05-100000920112htlf:OCGIStatutoryTrustIIIMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMember2018-05-180000920112htlf:OCGICapitalTrustIVMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMember2018-05-180000920112us-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMember2018-05-180000920112htlf:InterestRateSwapdueMarch172021Memberus-gaap:OtherLiabilitiesMember2019-12-310000920112htlf:InterestRateSwapdueJanuary72020Memberus-gaap:OtherLiabilitiesMember2019-12-310000920112htlf:InterestRateSwapdueMay102021Memberus-gaap:OtherAssetsMember2019-12-310000920112htlf:InterestRateSwapDueJuly242028Memberus-gaap:OtherLiabilitiesMember2019-12-310000920112htlf:InterestRateSwapdueJune152024Memberus-gaap:OtherLiabilitiesMember2019-12-310000920112htlf:InterestRateSwapdueMarch12024Memberus-gaap:OtherLiabilitiesMember2019-12-310000920112htlf:InterestRateSwapDueJune152021Memberus-gaap:OtherLiabilitiesMember2019-12-310000920112htlf:InterestRateSwapDueJune302021Memberus-gaap:OtherLiabilitiesMember2019-12-310000920112htlf:InterestRateSwapdueMarch172021Memberus-gaap:OtherAssetsMember2018-12-310000920112htlf:InterestRateSwapdueJanuary72020Memberus-gaap:OtherLiabilitiesMember2018-12-310000920112htlf:InterestRateSwapdueMarch262019Memberus-gaap:OtherAssetsMember2018-12-310000920112htlf:InterestRateSwapdueMarch182019Memberus-gaap:OtherAssetsMember2018-12-310000920112htlf:InterestRateSwapdueMay102021Memberus-gaap:OtherAssetsMember2018-12-310000920112htlf:InterestRateSwapDueJuly242028Memberus-gaap:OtherLiabilitiesMember2018-12-310000920112htlf:InterestRateSwapdueJune152024Memberus-gaap:OtherAssetsMember2018-12-310000920112htlf:InterestRateSwapdueMarch12024Memberus-gaap:OtherAssetsMember2018-12-310000920112htlf:InterestRateSwapDueJune152021Memberus-gaap:OtherAssetsMember2018-12-310000920112htlf:InterestRateSwapDueJune302021Memberus-gaap:OtherAssetsMember2018-12-310000920112us-gaap:InterestRateSwapMember2019-01-012019-12-310000920112us-gaap:InterestExpenseMemberus-gaap:InterestRateSwapMember2019-01-012019-12-310000920112us-gaap:InterestRateSwapMember2018-01-012018-12-310000920112us-gaap:InterestExpenseMemberus-gaap:InterestRateSwapMember2018-01-012018-12-310000920112us-gaap:OtherIncomeMemberus-gaap:InterestRateSwapMember2018-01-012018-12-310000920112us-gaap:FairValueHedgingMemberus-gaap:InterestRateSwapMember2019-12-310000920112us-gaap:FairValueHedgingMemberus-gaap:InterestRateSwapMember2018-12-310000920112us-gaap:FairValueHedgingMember2019-12-310000920112us-gaap:FairValueHedgingMemberus-gaap:OtherAssetsMember2019-12-310000920112us-gaap:FairValueHedgingMemberus-gaap:OtherLiabilitiesMember2019-12-310000920112us-gaap:FairValueHedgingMember2018-12-310000920112us-gaap:FairValueHedgingMemberus-gaap:OtherAssetsMember2018-12-310000920112us-gaap:FairValueHedgingMemberus-gaap:OtherLiabilitiesMember2018-12-310000920112us-gaap:FairValueHedgingMemberus-gaap:InterestIncomeMember2019-01-012019-12-310000920112us-gaap:FairValueHedgingMemberus-gaap:InterestIncomeMember2018-01-012018-12-310000920112us-gaap:OtherAssetsMember2019-12-310000920112us-gaap:OtherLiabilitiesMember2019-12-310000920112us-gaap:OtherAssetsMember2018-12-310000920112us-gaap:OtherLiabilitiesMember2018-12-310000920112us-gaap:OtherNonoperatingIncomeExpenseMember2019-01-012019-12-310000920112us-gaap:OtherNonoperatingIncomeExpenseMember2018-01-012018-12-310000920112htlf:BacktobackLoanSwapsMember2019-12-310000920112htlf:BacktobackLoanSwapsMember2018-12-310000920112htlf:CounterpartiesMemberhtlf:BacktobackLoanSwapsMember2019-12-310000920112htlf:CounterpartiesMemberhtlf:BacktobackLoanSwapsMember2018-12-310000920112htlf:BacktobackLoanSwapsMemberus-gaap:OtherAssetsMember2019-12-310000920112us-gaap:LongMemberhtlf:BacktobackLoanSwapsMemberus-gaap:OtherAssetsMember2019-12-310000920112us-gaap:ShortMemberhtlf:BacktobackLoanSwapsMemberus-gaap:OtherAssetsMember2019-12-310000920112htlf:BacktobackLoanSwapsMemberus-gaap:OtherLiabilitiesMember2019-12-310000920112us-gaap:LongMemberhtlf:BacktobackLoanSwapsMemberus-gaap:OtherLiabilitiesMember2019-12-310000920112us-gaap:ShortMemberhtlf:BacktobackLoanSwapsMemberus-gaap:OtherLiabilitiesMember2019-12-310000920112htlf:BacktobackLoanSwapsMemberus-gaap:OtherAssetsMember2018-12-310000920112us-gaap:LongMemberhtlf:BacktobackLoanSwapsMemberus-gaap:OtherAssetsMember2018-12-310000920112us-gaap:ShortMemberhtlf:BacktobackLoanSwapsMemberus-gaap:OtherAssetsMember2018-12-310000920112htlf:BacktobackLoanSwapsMemberus-gaap:OtherLiabilitiesMember2018-12-310000920112us-gaap:LongMemberhtlf:BacktobackLoanSwapsMemberus-gaap:OtherLiabilitiesMember2018-12-310000920112us-gaap:ShortMemberhtlf:BacktobackLoanSwapsMemberus-gaap:OtherLiabilitiesMember2018-12-310000920112us-gaap:NondesignatedMember2019-12-310000920112us-gaap:NondesignatedMember2018-12-310000920112us-gaap:NondesignatedMemberhtlf:CounterpartiesMember2019-12-310000920112us-gaap:InterestRateLockCommitmentsMemberus-gaap:NondesignatedMemberus-gaap:OtherAssetsMember2019-12-310000920112us-gaap:NondesignatedMemberus-gaap:ForwardContractsMemberus-gaap:OtherAssetsMember2019-12-310000920112us-gaap:NondesignatedMemberus-gaap:ForwardContractsMemberus-gaap:OtherLiabilitiesMember2019-12-310000920112us-gaap:InterestRateContractMemberus-gaap:NondesignatedMemberus-gaap:OtherLiabilitiesMember2019-12-310000920112us-gaap:InterestRateContractMemberus-gaap:NondesignatedMemberus-gaap:OtherAssetsMember2019-12-310000920112us-gaap:InterestRateLockCommitmentsMemberus-gaap:NondesignatedMemberus-gaap:OtherAssetsMember2018-12-310000920112us-gaap:NondesignatedMemberus-gaap:ForwardContractsMemberus-gaap:OtherAssetsMember2018-12-310000920112us-gaap:NondesignatedMemberus-gaap:ForwardContractsMemberus-gaap:OtherLiabilitiesMember2018-12-310000920112us-gaap:InterestRateContractMemberus-gaap:NondesignatedMemberus-gaap:OtherLiabilitiesMember2018-12-310000920112us-gaap:InterestRateContractMemberus-gaap:NondesignatedMemberus-gaap:OtherAssetsMember2018-12-310000920112us-gaap:InterestRateLockCommitmentsMemberhtlf:GainOnSaleOfLoansHeldForSaleMember2019-01-012019-12-310000920112htlf:GainOnSaleOfLoansHeldForSaleMemberhtlf:ForwardContractOneMember2019-01-012019-12-310000920112htlf:ForwardContractTwoMemberhtlf:GainOnSaleOfLoansHeldForSaleMember2019-01-012019-12-310000920112us-gaap:InterestRateContractMemberus-gaap:OtherNonoperatingIncomeExpenseMember2019-01-012019-12-310000920112us-gaap:InterestRateLockCommitmentsMemberhtlf:GainOnSaleOfLoansHeldForSaleMember2018-01-012018-12-310000920112htlf:GainOnSaleOfLoansHeldForSaleMemberhtlf:ForwardContractOneMember2018-01-012018-12-310000920112htlf:ForwardContractTwoMemberhtlf:GainOnSaleOfLoansHeldForSaleMember2018-01-012018-12-310000920112us-gaap:InterestRateContractMemberus-gaap:OtherNonoperatingIncomeExpenseMember2018-01-012018-12-310000920112us-gaap:InternalRevenueServiceIRSMemberhtlf:FirstSharesIncMember2019-12-310000920112us-gaap:InternalRevenueServiceIRSMemberhtlf:FirstSharesIncMember2018-12-310000920112htlf:FirstSharesIncMember2019-12-310000920112htlf:FirstSharesIncMember2018-12-310000920112us-gaap:StateAndLocalJurisdictionMember2019-12-310000920112us-gaap:StateAndLocalJurisdictionMember2018-12-310000920112us-gaap:StateAndLocalJurisdictionMemberus-gaap:ValuationAllowanceOperatingLossCarryforwardsMember2019-12-310000920112us-gaap:StateAndLocalJurisdictionMemberus-gaap:ValuationAllowanceOperatingLossCarryforwardsMember2018-12-310000920112us-gaap:CapitalLossCarryforwardMember2019-12-310000920112us-gaap:CapitalLossCarryforwardMember2018-12-310000920112us-gaap:CapitalLossCarryforwardMember2019-01-012019-12-310000920112htlf:SolarEnergyTaxCreditCarryforwardMember2019-01-012019-12-310000920112htlf:SolarEnergyTaxCreditCarryforwardMember2018-01-012018-12-310000920112htlf:SolarEnergyTaxCreditCarryforwardMember2017-01-012017-12-310000920112us-gaap:InvestmentCreditMember2019-01-012019-12-310000920112us-gaap:InvestmentCreditMember2018-01-012018-12-310000920112us-gaap:InvestmentCreditMember2017-01-012017-12-310000920112us-gaap:GeneralBusinessMember2019-01-012019-12-310000920112us-gaap:GeneralBusinessMember2017-01-012017-12-310000920112us-gaap:GeneralBusinessMember2018-01-012018-12-310000920112us-gaap:GeneralBusinessMember2019-12-310000920112us-gaap:CommitmentsToExtendCreditMember2019-12-310000920112us-gaap:CommitmentsToExtendCreditMember2018-12-310000920112us-gaap:StandbyLettersOfCreditMember2019-12-310000920112us-gaap:StandbyLettersOfCreditMember2018-12-31htlf:request0000920112us-gaap:ReserveForOffBalanceSheetActivitiesMember2019-12-310000920112us-gaap:ReserveForOffBalanceSheetActivitiesMember2018-12-310000920112htlf:LongTermIncentivePlan2012Member2019-12-310000920112us-gaap:StockOptionMember2019-01-012019-12-310000920112us-gaap:ShareBasedCompensationAwardTrancheOneMember2019-01-012019-12-310000920112us-gaap:ShareBasedCompensationAwardTrancheTwoMember2019-01-012019-12-310000920112us-gaap:ShareBasedCompensationAwardTrancheThreeMember2019-01-012019-12-310000920112us-gaap:StockOptionMember2017-01-012017-12-310000920112us-gaap:StockOptionMember2018-01-012018-12-310000920112us-gaap:RestrictedStockUnitsRSUMember2019-01-012019-03-310000920112us-gaap:RestrictedStockUnitsRSUMember2018-01-012018-03-310000920112htlf:RestrictedStockUnitGrantsin2016Memberus-gaap:RestrictedStockUnitsRSUMember2018-01-012018-12-310000920112htlf:PerformanceBasedRestrictedStockUnitsMemberus-gaap:ShareBasedCompensationAwardTrancheTwoMember2018-01-012018-03-310000920112htlf:PerformanceBasedRestrictedStockUnitsMemberus-gaap:ShareBasedCompensationAwardTrancheTwoMember2019-01-012019-03-310000920112htlf:PerformanceBasedRestrictedStockUnitsMemberus-gaap:ShareBasedCompensationAwardTrancheOneMember2018-01-012018-03-310000920112htlf:PerformanceBasedRestrictedStockUnitsMemberus-gaap:ShareBasedCompensationAwardTrancheOneMember2019-01-012019-12-310000920112htlf:PerformanceBasedRestrictedStockUnitsMemberus-gaap:ShareBasedCompensationAwardTrancheTwoMember2019-01-012019-12-310000920112htlf:PerformanceBasedRestrictedStockUnitsMemberhtlf:LongTermIncentivePlan2012Member2019-01-012019-12-310000920112htlf:RestrictedStockUnitGrantsIn2017Memberhtlf:PerformanceBasedRestrictedStockUnitsMemberhtlf:LongTermIncentivePlan2012Member2019-01-012019-12-310000920112htlf:RestrictedStockUnitGrantsIn2017Member2019-01-012019-12-310000920112srt:DirectorMember2019-01-012019-12-310000920112srt:DirectorMember2018-01-012018-12-310000920112srt:DirectorMember2017-01-012017-12-310000920112us-gaap:RestrictedStockUnitsRSUMember2018-12-310000920112us-gaap:RestrictedStockUnitsRSUMember2017-12-310000920112us-gaap:RestrictedStockUnitsRSUMember2016-12-310000920112us-gaap:RestrictedStockUnitsRSUMember2019-01-012019-12-310000920112us-gaap:RestrictedStockUnitsRSUMember2018-01-012018-12-310000920112us-gaap:RestrictedStockUnitsRSUMember2017-01-012017-12-310000920112us-gaap:RestrictedStockUnitsRSUMember2019-12-310000920112us-gaap:RestrictedStockUnitsRSUMemberhtlf:LongTermIncentivePlan2012Member2019-12-310000920112htlf:PurchasePeriodEndMemberhtlf:EmployeeStockPurchasePlanMember2016-05-012016-05-310000920112htlf:EmployeeStockPurchasePlanMember2019-01-012019-12-310000920112htlf:EmployeeStockPurchasePlanMember2018-01-012018-12-310000920112htlf:EmployeeStockPurchasePlanMember2017-01-012017-12-310000920112htlf:EmployeeStockPurchasePlanMember2016-05-310000920112htlf:EmployeeStockPurchasePlanMember2019-12-310000920112us-gaap:SubsequentEventMemberhtlf:EmployeeStockPurchasePlanMember2020-01-022020-01-020000920112htlf:EmployeeStockPurchasePlanMember2019-01-042019-01-040000920112htlf:EmployeeStockPurchasePlanMember2018-01-022018-01-0200009201122012-01-172012-01-170000920112us-gaap:SeriesAPreferredStockMember2012-01-1700009201122012-01-17htlf:votes0000920112srt:MinimumMember2012-01-172012-01-170000920112us-gaap:SeriesAPreferredStockMember2002-12-310000920112htlf:IllinoisBankandTrustMember2019-12-310000920112htlf:WisconsinBankTrustMember2019-12-310000920112htlf:NewMexicoBankTrustMember2019-12-310000920112htlf:ArizonaBankTrustMember2019-12-310000920112htlf:RockyMountainBankMember2019-12-310000920112htlf:CitywideBanksofColoradoInc.Member2019-12-310000920112htlf:MinnesotaBankTrustMember2019-12-310000920112htlf:BankOfBlueValleyMember2019-12-310000920112htlf:PremierValleyBankMember2019-12-310000920112htlf:FirstBankTrustMember2019-12-310000920112htlf:IllinoisBankandTrustMember2018-12-310000920112htlf:WisconsinBankTrustMember2018-12-310000920112htlf:NewMexicoBankTrustMember2018-12-310000920112htlf:ArizonaBankTrustMember2018-12-310000920112htlf:RockyMountainBankMember2018-12-310000920112htlf:CitywideBanksofColoradoInc.Member2018-12-310000920112htlf:MinnesotaBankTrustMember2018-12-310000920112htlf:BankOfBlueValleyMember2018-12-310000920112htlf:PremierValleyBankMember2018-12-310000920112htlf:FirstBankTrustMember2018-12-310000920112htlf:MinimumCapitalRequirementMember2019-12-310000920112htlf:CapitalRequirementToRemainWellCapitalizedMember2019-12-310000920112us-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000920112us-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000920112us-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesMember2019-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesMember2019-12-310000920112us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000920112us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000920112us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000920112us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000920112us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000920112us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberhtlf:EmbeddedDerivativeandLoanSwapFinancialInstrumentsMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberhtlf:EmbeddedDerivativeandLoanSwapFinancialInstrumentsMember2019-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberhtlf:EmbeddedDerivativeandLoanSwapFinancialInstrumentsMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberhtlf:EmbeddedDerivativeandLoanSwapFinancialInstrumentsMember2019-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateLockCommitmentsMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateLockCommitmentsMember2019-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateLockCommitmentsMember2019-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForwardContractsMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForwardContractsMember2019-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForwardContractsMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ForwardContractsMember2019-12-310000920112us-gaap:FairValueMeasurementsRecurringMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberhtlf:CashFlowHedgingLoanSwapandFreeStandingFinancialInstrumentsMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberhtlf:CashFlowHedgingLoanSwapandFreeStandingFinancialInstrumentsMember2019-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberhtlf:CashFlowHedgingLoanSwapandFreeStandingFinancialInstrumentsMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberhtlf:CashFlowHedgingLoanSwapandFreeStandingFinancialInstrumentsMember2019-12-310000920112us-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000920112us-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000920112us-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2018-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesMember2018-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesMember2018-12-310000920112us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000920112us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000920112us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2018-12-310000920112us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000920112us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000920112us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2018-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberhtlf:EmbeddedDerivativeandLoanSwapFinancialInstrumentsMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberhtlf:EmbeddedDerivativeandLoanSwapFinancialInstrumentsMember2018-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberhtlf:EmbeddedDerivativeandLoanSwapFinancialInstrumentsMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberhtlf:EmbeddedDerivativeandLoanSwapFinancialInstrumentsMember2018-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateLockCommitmentsMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateLockCommitmentsMember2018-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateLockCommitmentsMember2018-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForwardContractsMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForwardContractsMember2018-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForwardContractsMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ForwardContractsMember2018-12-310000920112us-gaap:FairValueMeasurementsRecurringMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberhtlf:CashFlowHedgingLoanSwapandFreeStandingFinancialInstrumentsMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberhtlf:CashFlowHedgingLoanSwapandFreeStandingFinancialInstrumentsMember2018-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberhtlf:CashFlowHedgingLoanSwapandFreeStandingFinancialInstrumentsMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberhtlf:CashFlowHedgingLoanSwapandFreeStandingFinancialInstrumentsMember2018-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialLoanMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialLoanMember2019-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialLoanMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialLoanMemberus-gaap:FairValueInputsLevel3Member2019-12-310000920112us-gaap:ChangeDuringPeriodFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialLoanMember2019-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstateMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstateMember2019-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstateMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialRealEstateMember2019-12-310000920112us-gaap:ChangeDuringPeriodFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstateMember2019-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberhtlf:AgriculturalPortfolioSegmentMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberhtlf:AgriculturalPortfolioSegmentMember2019-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberhtlf:AgriculturalPortfolioSegmentMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberhtlf:AgriculturalPortfolioSegmentMember2019-12-310000920112us-gaap:ChangeDuringPeriodFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMemberhtlf:AgriculturalPortfolioSegmentMember2019-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialPortfolioSegmentMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialPortfolioSegmentMember2019-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ResidentialPortfolioSegmentMember2019-12-310000920112us-gaap:ChangeDuringPeriodFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialPortfolioSegmentMember2019-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ConsumerPortfolioSegmentMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ConsumerPortfolioSegmentMember2019-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerPortfolioSegmentMember2019-12-310000920112us-gaap:ChangeDuringPeriodFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ConsumerPortfolioSegmentMember2019-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310000920112us-gaap:ChangeDuringPeriodFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310000920112htlf:CommercialServicingRightsMemberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberhtlf:CommercialServicingRightsMemberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310000920112htlf:CommercialServicingRightsMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112htlf:CommercialServicingRightsMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000920112htlf:CommercialServicingRightsMemberus-gaap:ChangeDuringPeriodFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialLoanMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialLoanMember2018-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialLoanMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialLoanMemberus-gaap:FairValueInputsLevel3Member2018-12-310000920112us-gaap:ChangeDuringPeriodFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialLoanMember2018-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstateMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstateMember2018-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstateMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialRealEstateMember2018-12-310000920112us-gaap:ChangeDuringPeriodFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstateMember2018-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberhtlf:AgriculturalPortfolioSegmentMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberhtlf:AgriculturalPortfolioSegmentMember2018-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberhtlf:AgriculturalPortfolioSegmentMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberhtlf:AgriculturalPortfolioSegmentMember2018-12-310000920112us-gaap:ChangeDuringPeriodFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMemberhtlf:AgriculturalPortfolioSegmentMember2018-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialPortfolioSegmentMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialPortfolioSegmentMember2018-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ResidentialPortfolioSegmentMember2018-12-310000920112us-gaap:ChangeDuringPeriodFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ResidentialPortfolioSegmentMember2018-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ConsumerPortfolioSegmentMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ConsumerPortfolioSegmentMember2018-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerPortfolioSegmentMember2018-12-310000920112us-gaap:ChangeDuringPeriodFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ConsumerPortfolioSegmentMember2018-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2018-12-310000920112us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2018-12-310000920112us-gaap:ChangeDuringPeriodFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2018-12-310000920112htlf:CommercialServicingRightsMemberus-gaap:FairValueMeasurementsNonrecurringMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberhtlf:CommercialServicingRightsMemberus-gaap:FairValueMeasurementsNonrecurringMember2018-12-310000920112htlf:CommercialServicingRightsMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112htlf:CommercialServicingRightsMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2018-12-310000920112htlf:CommercialServicingRightsMemberus-gaap:ChangeDuringPeriodFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2018-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2018-01-012018-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateLockCommitmentsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2019-12-310000920112srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateLockCommitmentsMemberhtlf:MeasurementInputClosingRatioMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2019-12-310000920112us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:InterestRateLockCommitmentsMemberhtlf:MeasurementInputClosingRatioMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2019-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateLockCommitmentsMemberhtlf:MeasurementInputClosingRatioMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:WeightedAverageMember2019-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:PropertyPlantAndEquipmentMember2019-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMembersrt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:PropertyPlantAndEquipmentMemberus-gaap:MeasurementInputAppraisedValueMember2019-01-012019-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:PropertyPlantAndEquipmentMemberus-gaap:MeasurementInputAppraisedValueMember2019-01-012019-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueInputsLevel3Member2019-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMembersrt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputAppraisedValueMember2019-01-012019-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputAppraisedValueMember2019-01-012019-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMember2019-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:CommercialLoanMemberus-gaap:FairValueInputsLevel3Member2019-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMembersrt:MinimumMemberus-gaap:CommercialLoanMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialPortfolioSegmentMemberus-gaap:MeasurementInputAppraisedValueMember2019-01-012019-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:CommercialLoanMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:MeasurementInputAppraisedValueMember2019-01-012019-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialRealEstateMember2019-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMembersrt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:MeasurementInputAppraisedValueMember2019-01-012019-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:RealEstateLoanMembersrt:MaximumMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:MeasurementInputAppraisedValueMember2019-01-012019-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueInputsLevel3Memberhtlf:AgriculturalPortfolioSegmentMember2019-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMembersrt:MinimumMemberus-gaap:FairValueInputsLevel3Memberhtlf:AgriculturalPortfolioSegmentMemberus-gaap:MeasurementInputAppraisedValueMember2019-01-012019-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberhtlf:AgriculturalPortfolioSegmentMemberus-gaap:MeasurementInputAppraisedValueMember2019-01-012019-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ResidentialPortfolioSegmentMember2019-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMembersrt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:MeasurementInputAppraisedValueMember2019-01-012019-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:MeasurementInputAppraisedValueMember2019-01-012019-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerPortfolioSegmentMember2019-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMembersrt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:MeasurementInputDiscountRateMember2019-01-012019-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputDiscountRateMember2019-01-012019-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMember2018-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateLockCommitmentsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2018-12-310000920112srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateLockCommitmentsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2018-12-310000920112us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:InterestRateLockCommitmentsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2018-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateLockCommitmentsMemberhtlf:MeasurementInputClosingRatioMemberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:WeightedAverageMember2018-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:PropertyPlantAndEquipmentMember2018-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMembersrt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:PropertyPlantAndEquipmentMemberus-gaap:MeasurementInputAppraisedValueMember2018-01-012018-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:PropertyPlantAndEquipmentMemberus-gaap:MeasurementInputAppraisedValueMember2018-01-012018-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueInputsLevel3Member2018-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMembersrt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputAppraisedValueMember2018-01-012018-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputAppraisedValueMember2018-01-012018-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:CommercialLoanMemberus-gaap:FairValueInputsLevel3Member2018-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMembersrt:MinimumMemberus-gaap:CommercialLoanMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialPortfolioSegmentMemberus-gaap:MeasurementInputAppraisedValueMember2018-01-012018-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:CommercialLoanMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:MeasurementInputAppraisedValueMember2018-01-012018-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialRealEstateMember2018-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMembersrt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:MeasurementInputAppraisedValueMember2018-01-012018-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:RealEstateLoanMembersrt:MaximumMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:MeasurementInputAppraisedValueMember2018-01-012018-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueInputsLevel3Memberhtlf:AgriculturalPortfolioSegmentMember2018-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberhtlf:AgriculturalPortfolioSegmentMemberus-gaap:MeasurementInputAppraisedValueMember2018-01-012018-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ResidentialPortfolioSegmentMember2018-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMembersrt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:MeasurementInputAppraisedValueMember2018-01-012018-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:MeasurementInputAppraisedValueMember2018-01-012018-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerPortfolioSegmentMember2018-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMembersrt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:MeasurementInputDiscountRateMember2018-01-012018-12-310000920112htlf:ValuationTechniqueModifiedAppraisedValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputDiscountRateMember2018-01-012018-12-310000920112us-gaap:InterestRateLockCommitmentsMember2018-12-310000920112us-gaap:InterestRateLockCommitmentsMember2017-12-310000920112us-gaap:InterestRateLockCommitmentsMember2019-01-012019-12-310000920112us-gaap:InterestRateLockCommitmentsMember2018-01-012018-12-310000920112us-gaap:InterestRateLockCommitmentsMember2019-12-310000920112us-gaap:CarryingReportedAmountFairValueDisclosureMember2019-12-310000920112us-gaap:EstimateOfFairValueFairValueDisclosureMember2019-12-310000920112us-gaap:FairValueInputsLevel1Member2019-12-310000920112us-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:FairValueInputsLevel3Member2019-12-310000920112us-gaap:CommercialLoanMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:CommercialPortfolioSegmentMember2019-12-310000920112us-gaap:CommercialLoanMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CommercialPortfolioSegmentMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:CommercialLoanMemberus-gaap:CommercialPortfolioSegmentMember2019-12-310000920112us-gaap:CommercialLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:CommercialLoanMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialPortfolioSegmentMember2019-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:CommercialPortfolioSegmentMember2019-12-310000920112us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMember2019-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMember2019-12-310000920112us-gaap:CarryingReportedAmountFairValueDisclosureMemberhtlf:AgriculturalPortfolioSegmentMember2019-12-310000920112us-gaap:EstimateOfFairValueFairValueDisclosureMemberhtlf:AgriculturalPortfolioSegmentMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberhtlf:AgriculturalPortfolioSegmentMember2019-12-310000920112us-gaap:FairValueInputsLevel2Memberhtlf:AgriculturalPortfolioSegmentMember2019-12-310000920112us-gaap:FairValueInputsLevel3Memberhtlf:AgriculturalPortfolioSegmentMember2019-12-310000920112us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:ResidentialPortfolioSegmentMember2019-12-310000920112us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:ResidentialPortfolioSegmentMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:ResidentialPortfolioSegmentMember2019-12-310000920112us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:ResidentialPortfolioSegmentMember2019-12-310000920112us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2019-12-310000920112us-gaap:ConsumerPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:ConsumerPortfolioSegmentMember2019-12-310000920112us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerPortfolioSegmentMember2019-12-310000920112us-gaap:InterestRateLockCommitmentsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2019-12-310000920112us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:InterestRateLockCommitmentsMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:InterestRateLockCommitmentsMember2019-12-310000920112us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateLockCommitmentsMember2019-12-310000920112us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:ForwardContractsMember2019-12-310000920112us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:ForwardContractsMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:ForwardContractsMember2019-12-310000920112us-gaap:ForwardContractsMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:ForwardContractsMember2019-12-310000920112us-gaap:DemandDepositsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2019-12-310000920112us-gaap:DemandDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:DemandDepositsMember2019-12-310000920112us-gaap:DemandDepositsMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:DemandDepositsMemberus-gaap:FairValueInputsLevel3Member2019-12-310000920112htlf:SavingsDepositsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2019-12-310000920112us-gaap:EstimateOfFairValueFairValueDisclosureMemberhtlf:SavingsDepositsMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberhtlf:SavingsDepositsMember2019-12-310000920112htlf:SavingsDepositsMemberus-gaap:FairValueInputsLevel2Member2019-12-310000920112us-gaap:FairValueInputsLevel3Memberhtlf:SavingsDepositsMember2019-12-310000920112us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:BankTimeDepositsMember2019-12-310000920112us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:BankTimeDepositsMember2019-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:BankTimeDepositsMember2019-12-310000920112us-gaap:FairValueInputsLevel2Memberus-gaap:BankTimeDepositsMember2019-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:BankTimeDepositsMember2019-12-310000920112us-gaap:CarryingReportedAmountFairValueDisclosureMember2018-12-310000920112us-gaap:EstimateOfFairValueFairValueDisclosureMember2018-12-310000920112us-gaap:FairValueInputsLevel1Member2018-12-310000920112us-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:FairValueInputsLevel3Member2018-12-310000920112us-gaap:CommercialLoanMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:CommercialPortfolioSegmentMember2018-12-310000920112us-gaap:CommercialLoanMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CommercialPortfolioSegmentMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:CommercialLoanMemberus-gaap:CommercialPortfolioSegmentMember2018-12-310000920112us-gaap:CommercialLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:CommercialLoanMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialPortfolioSegmentMember2018-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:CommercialPortfolioSegmentMember2018-12-310000920112us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMember2018-12-310000920112us-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:RealEstateLoanMemberus-gaap:CommercialPortfolioSegmentMember2018-12-310000920112us-gaap:CarryingReportedAmountFairValueDisclosureMemberhtlf:AgriculturalPortfolioSegmentMember2018-12-310000920112us-gaap:EstimateOfFairValueFairValueDisclosureMemberhtlf:AgriculturalPortfolioSegmentMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberhtlf:AgriculturalPortfolioSegmentMember2018-12-310000920112us-gaap:FairValueInputsLevel2Memberhtlf:AgriculturalPortfolioSegmentMember2018-12-310000920112us-gaap:FairValueInputsLevel3Memberhtlf:AgriculturalPortfolioSegmentMember2018-12-310000920112us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:ResidentialPortfolioSegmentMember2018-12-310000920112us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:ResidentialPortfolioSegmentMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:ResidentialPortfolioSegmentMember2018-12-310000920112us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:ResidentialPortfolioSegmentMember2018-12-310000920112us-gaap:ConsumerPortfolioSegmentMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2018-12-310000920112us-gaap:ConsumerPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:ConsumerPortfolioSegmentMember2018-12-310000920112us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:ConsumerPortfolioSegmentMember2018-12-310000920112us-gaap:InterestRateLockCommitmentsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2018-12-310000920112us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:InterestRateLockCommitmentsMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:InterestRateLockCommitmentsMember2018-12-310000920112us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateLockCommitmentsMember2018-12-310000920112us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:ForwardContractsMember2018-12-310000920112us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:ForwardContractsMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:ForwardContractsMember2018-12-310000920112us-gaap:ForwardContractsMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:ForwardContractsMember2018-12-310000920112us-gaap:DemandDepositsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2018-12-310000920112us-gaap:DemandDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:DemandDepositsMember2018-12-310000920112us-gaap:DemandDepositsMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:DemandDepositsMemberus-gaap:FairValueInputsLevel3Member2018-12-310000920112htlf:SavingsDepositsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2018-12-310000920112us-gaap:EstimateOfFairValueFairValueDisclosureMemberhtlf:SavingsDepositsMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberhtlf:SavingsDepositsMember2018-12-310000920112htlf:SavingsDepositsMemberus-gaap:FairValueInputsLevel2Member2018-12-310000920112us-gaap:FairValueInputsLevel3Memberhtlf:SavingsDepositsMember2018-12-310000920112us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:BankTimeDepositsMember2018-12-310000920112us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:BankTimeDepositsMember2018-12-310000920112us-gaap:FairValueInputsLevel1Memberus-gaap:BankTimeDepositsMember2018-12-310000920112us-gaap:FairValueInputsLevel2Memberus-gaap:BankTimeDepositsMember2018-12-310000920112us-gaap:FairValueInputsLevel3Memberus-gaap:BankTimeDepositsMember2018-12-310000920112htlf:FinancialServicesServiceChargesAndDepositAccountFeesMember2019-01-012019-12-310000920112htlf:FinancialServicesServiceChargesAndDepositAccountFeesMember2018-01-012018-12-310000920112htlf:FinancialServicesServiceChargesAndDepositAccountFeesMember2017-01-012017-12-310000920112htlf:FinancialServicesOverdraftFeesMember2019-01-012019-12-310000920112htlf:FinancialServicesOverdraftFeesMember2018-01-012018-12-310000920112htlf:FinancialServicesOverdraftFeesMember2017-01-012017-12-310000920112htlf:FinancialServicesCustomerServiceFeesMember2019-01-012019-12-310000920112htlf:FinancialServicesCustomerServiceFeesMember2018-01-012018-12-310000920112htlf:FinancialServicesCustomerServiceFeesMember2017-01-012017-12-310000920112htlf:FinancialServicesCreditCardFeesMember2019-01-012019-12-310000920112htlf:FinancialServicesCreditCardFeesMember2018-01-012018-12-310000920112htlf:FinancialServicesCreditCardFeesMember2017-01-012017-12-310000920112htlf:FinancialServicesDebitCardFeesMember2019-01-012019-12-310000920112htlf:FinancialServicesDebitCardFeesMember2018-01-012018-12-310000920112htlf:FinancialServicesDebitCardFeesMember2017-01-012017-12-310000920112srt:ParentCompanyMember2019-12-310000920112srt:ParentCompanyMember2018-12-310000920112srt:ParentCompanyMember2019-01-012019-12-310000920112srt:ParentCompanyMember2018-01-012018-12-310000920112srt:ParentCompanyMember2017-01-012017-12-310000920112srt:ParentCompanyMember2017-12-310000920112srt:ParentCompanyMember2016-12-3100009201122019-10-012019-12-3100009201122019-07-012019-09-3000009201122019-04-012019-06-3000009201122019-01-012019-03-3100009201122018-10-012018-12-3100009201122018-07-012018-09-3000009201122018-04-012018-06-3000009201122018-01-012018-03-31

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2019

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ___________ to ___________

Commission File Number: 001-15393

HEARTLAND FINANCIAL USA, INC.
(Exact name of Registrant as specified in its charter)

Delaware
(State or other jurisdiction of incorporation or organization)

42-1405748
(I.R.S. Employer identification number)

1398 Central Avenue, Dubuque, Iowa 52001
(Address of principal executive offices) (Zip Code)

(563) 589-2100
(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:
Title of ClassTrading Symbol(s)Name of Each Exchange on Which Registered
Common Stock $1.00 par valueHTLF The Nasdaq Global Select Market
Securities registered pursuant to Section 12(g) of the Act:
None
Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No
Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act.
Yes  No 
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No
Indicate by check mark whether the Registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No 
Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer              Accelerated filer    ☐            Non-accelerated filer            Smaller reporting company
Emerging growth company
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the Registrant is a shell company (as defined in Exchange Act Rule 12b-2). Yes  No 
The aggregate market value of the voting and non-voting common equity held by non-affiliates of the Registrant (assuming, for purposes of this calculation only, that the Registrant's directors, executive officers and greater than 10% shareholders are affiliates of the Registrant), based on the last sales price quoted on the Nasdaq Global Select Market on June 30, 2019, the last business day of the registrant's most recently completed second fiscal quarter, was approximately $1,548,354,472
As of February 25, 2020, the Registrant had issued and outstanding 36,766,531 shares of common stock, $1.00 par value per share.
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the Proxy Statement for the 2020 Annual Meeting of Stockholders are incorporated by reference into Part III.



HEARTLAND FINANCIAL USA, INC.
Form 10-K Annual Report
Table of Contents
Part I 
A.General Description
B.Market Areas
C.Competition
D.Employees
E.Supervision and Regulation
 
Part II 
Part III 
Part IV 




PART I

SAFE HARBOR STATEMENT

This Annual Report on Form 10-K (including information incorporated by reference) contains, and future oral and written statements of Heartland Financial USA, Inc. and its management may contain, forward-looking statements, within the meaning of such term in the Private Securities Litigation Reform Act of 1995, with respect to the financial condition, results of operations, plans, objectives, future performance and business of Heartland. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of Heartland's management and on information currently available to management, are generally identifiable by the use of words such as "believe", "expect", "anticipate", "plan", "intend", "estimate", "may", "will", "would", "could", "should" or other similar expressions. Additionally, all statements in this Annual Report on Form 10-K, including forward-looking statements, speak only as of the date they are made, and Heartland undertakes no obligation to update any statement in light of new information or future events.

Heartland's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. The factors which could have a material adverse effect on the operations and future prospects of Heartland are detailed in the "Risk Factors" section included under Item 1A. of Part I of this Annual Report on Form 10-K. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.

ITEM 1. BUSINESS

A. GENERAL DESCRIPTION

Heartland Financial USA, Inc. (individually referred to herein as "Parent Company" and collectively with all of its subsidiaries and affiliates referred to herein as "Heartland," "we," "us," or "our") is a multi-bank holding company registered under the Bank Holding Company Act of 1956, as amended (the "BHCA"), that was originally formed in the state of Iowa in 1981 and reincorporated in the State of Delaware in 1993. Heartland's headquarters are located at 1398 Central Avenue, Dubuque, Iowa. Our website address is www.htlf.com. You can access, free of charge, our filings with the Securities and Exchange Commission (the "SEC"), including our Annual Report on Form 10-K, our quarterly reports on Form 10-Q, current reports on Form 8-K and any other amendments to those reports, at our website under the Investor Relations tab, or at the SEC website at www.sec.gov. Proxy materials for our upcoming 2020 Annual Shareholders Meeting to be held on May 20, 2020, will be available electronically via a link on our website at www.htlf.com.

At December 31, 2019, Heartland had total assets of $13.21 billion, total loans held to maturity of $8.37 billion and total deposits of $11.04 billion. Heartland’s total stockholders' equity as of December 31, 2019, was $1.58 billion. Net income available to common stockholders for 2019 was $149.1 million.

Heartland conducts a community banking business through 11 independently branded and chartered community banks (collectively, the "Banks") operating in the states of Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas and California. All Banks are members of the Federal Deposit Insurance Corporation (the "FDIC"). Listed below are the Banks, which, as of the date of this Annual Report on Form 10-K, operate a total of 115 banking locations:

Dubuque Bank and Trust Company, Dubuque, Iowa, is chartered under the laws of the state of Iowa.
Illinois Bank & Trust, Rockford, Illinois, is chartered under the laws of the state of Illinois.
Wisconsin Bank & Trust, Madison, Wisconsin, is chartered under the laws of the state of Wisconsin.
New Mexico Bank & Trust, Albuquerque, New Mexico, is chartered under the laws of the state of New Mexico.
Rocky Mountain Bank, Billings, Montana, is chartered under the laws of the state of Montana.
Arizona Bank & Trust, Phoenix, Arizona, is chartered under the laws of the state of Arizona.
Citywide Banks, Denver, Colorado, is chartered under the laws of the state of Colorado.
Minnesota Bank & Trust, Edina, Minnesota, is chartered under the laws of the state of Minnesota.
Bank of Blue Valley, Merriam, Kansas, is chartered under the laws of the state of Kansas.
Premier Valley Bank, Fresno, California, is chartered under the laws of the state of California.
First Bank & Trust, Lubbock, Texas, is chartered under the laws of the state of Texas.




Dubuque Bank and Trust Company also has two wholly-owned non-bank subsidiaries:

DB&T Insurance, Inc., a multi-line insurance agency, with one wholly-owned subsidiary:
Heartland Financial USA, Inc. Insurance Services, a multi-line insurance agency with the primary purpose of providing online insurance products to consumers and small business clients in Bank markets.
DB&T Community Development Corp., a community development company with the primary purpose of partnering in low-income housing and historic rehabilitation projects.

First Bank & Trust has one wholly-owned mortgage company:

PrimeWest Mortgage Corporation, a mortgage company with the primary purpose of originating, selling and servicing residential mortgage loans. The loans are primarily sold into the secondary market with mortgage servicing rights retained.

Heartland has two non-bank subsidiaries as listed below:

Heartland Community Development Inc., a property management company with the primary purpose of holding and managing certain nonperforming assets acquired from the Banks.

Citizens Finance Parent Co., a consumer finance company with two wholly-owned companies:
Citizens Finance Co., a consumer finance company with offices in Iowa and Wisconsin.
Citizens Finance of Illinois Co., a consumer finance company with offices in Illinois.

Prior to December 31, 2018, Heartland decided to exit the consumer finance business and entered into an agreement to sell the loan portfolios of Citizens Finance Co. and Citizens Finance of Illinois Co. The transaction closed on January 11, 2019. The offices in Iowa and Wisconsin closed on February 1, 2019, and the offices in Illinois closed on February 11, 2019.

In addition, as of December 31, 2019, Heartland had trust preferred securities issued through special purpose trust subsidiaries formed for the purpose of offering cumulative capital securities including Heartland Financial Statutory Trust IV, Heartland Financial Statutory Trust V, Heartland Financial Statutory Trust VI, Heartland Financial Statutory Trust VII, Morrill Statutory Trust I, Morrill Statutory Trust II, Sheboygan Statutory Trust I, CBNM Capital Trust I, Citywide Capital Trust III, Citywide Capital Trust IV, Citywide Capital Trust V, OCGI Statutory Trust III, OCGI Capital Trust IV, BVBC Capital Trust II and BVBC Capital Trust III.

All of Heartland’s subsidiaries were wholly owned as of December 31, 2019.

The principal business of our Banks consists of making loans to and accepting deposits from businesses and individuals. Our Banks provide full service commercial and retail banking in their communities. Both our loans and our deposits are generated primarily through strong banking and community relationships, and through management that is actively involved in the community. Our lending and investment activities are funded primarily by core deposits. This stable source of funding is achieved by developing strong banking relationships with customers through value-added product offerings, competitive market pricing, convenience and high-touch personal service. Deposit products, which are insured by the FDIC to the full extent permitted by law, include checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts and other time deposits. Loan products include commercial and industrial, commercial real estate, small business, agricultural, real estate mortgage, consumer, and credit cards for commercial, business and personal use.

We enhance the customer-centric local services of our Banks with a full complement of value-added services, including wealth management, investment and insurance services. We provide contemporary technology solutions that provide our customers convenient electronic banking services and client access to account information through business and personal online banking, mobile banking, bill payment, remote deposit capture, treasury management services, credit and debit cards and automated teller machines.




Business Model and Operating Philosophy

Heartland’s operating philosophy is to maximize the benefits of a community banking model by:

1.Creating strong community ties through customer-centric local bank delivery of products and services.

Deeply rooted local leadership and boards
Local community knowledge and relationships
Local decision-making
Independent charters
Locally recognized brands
Commitment to an exceptional customer experience

2.Providing extensive banking services to increase revenue.

Full range of commercial products, including government guaranteed lending and treasury management services
Private client services, including investment management, trust, retirement plans and brokerage and investment services
Convenient and competitive retail products and services
Residential mortgage origination
Providing added client value through consultative relationship building

3.Centralizing back-office operations for efficiency.

Leverage expertise across all Banks
Contemporary technology for account processing and delivery systems
Efficient back-office support for loan processing and deposit operations
Centralized loan underwriting and collections
Centralized loss management and risk analysis
Centralized support for other professional services, including human resources, marketing, legal, compliance, finance, administration, internal audit, investment management, customer support and facilities

We believe the personal and professional service we offer to our customers provides an appealing alternative to the service provided by the "megabanks." While we are committed to a community banking philosophy, we believe our size, combined with our robust suite of financial products and services, allows us to effectively compete in our respective market areas. To remain price competitive, we also believe that we must manage expenses and gain economies of scale by centralizing back office support functions. Although each of our Banks operates under the direction of its own board of directors, we have standard operating policies regarding asset/liability management, liquidity management, investment management, and lending and deposit structure management.

Another component of our operating strategy is to encourage all directors, officers and employees to maintain a strong ownership interest in Heartland. We have established ownership guidelines for our directors and executive management and have an employee stock purchase plan available to employees.

We maintain a strong community commitment by encouraging the active participation of our employees, officers and board members in local charitable, civic, school, religious and community development activities.

Acquisition and Branch Optimization Strategy

Our primary objectives are to increase profitability and diversify our market area and asset base by expanding through acquisitions and to grow organically by increasing our customer base in the markets we serve. In the current environment, we are continuing to seek opportunities for growth through acquisitions. Although we are focused on opportunities in our existing and adjacent markets, we would consider acquisitions in new growth markets if they fit our business model, support our customer-centric culture, provide a sufficient return on investment and would be accretive to earnings within the first year of combined operations. We typically consider acquisitions of established financial institutions, primarily commercial banks or thrifts.

In recent years, we have focused on markets with growth potential in the Midwestern and Western regions of the United States. Our strategy is to balance the growth in our Western markets with the stability of our Midwestern markets.




The following table provides information about the implementation of Heartland's expansion strategy:

YearNameDe NovoAcquisitionMerged Into or Assets Purchased By
1988
Citizens Finance Co.(1)
XN/A
1989Key City BankXDubuque Bank and Trust Company
1991Farley State BankXDubuque Bank and Trust Company
1992Galena State Bank & Trust Co.XIllinois Bank & Trust (2015)
1994
First Community Bank(2)
XDubuque Bank and Trust Company (2011)
1995
Riverside Community Bank(3)
XN/A
1997
Cottage Grove State Bank(4)
XN/A
1998New Mexico Bank & Trust XN/A
1999Bank One Monroe (branch)XWisconsin Bank & Trust
2000First National Bank of ClovisXNew Mexico Bank & Trust
2003Arizona Bank & Trust XN/A
2004Rocky Mountain BankXN/A
2006
Summit Bank & Trust(5)
XN/A
2006Bank of the SouthwestXArizona Bank & Trust
2008Minnesota Bank & TrustXN/A
2009Elizabeth State BankX
Galena State Bank & Trust Co.(6)
2012Liberty Bank, FSB (three branches)XDubuque Bank and Trust Company
2012First National Bank PlattevilleXWisconsin Bank & Trust
2012Heritage Bank, N.A. XArizona Bank & Trust
2013Morrill & Janes Bank and Trust CompanyXN/A
2013
Freedom Bank(7)
XIllinois Bank & Trust (2014)
2015Community Bank & Trust (Sheboygan)XWisconsin Bank & Trust
2015Community Bank (Santa Fe)XNew Mexico Bank & Trust
2015First Scottsdale Bank, N.A.XArizona Bank & Trust
2015Premier Valley BankXN/A
2016
Centennial Bank(5)
X
Summit Bank & Trust(5)
2017Founders Community BankXPremier Valley Bank
2017Citywide BanksX
Centennial Bank and Trust(8)
2018Signature BankXMinnesota Bank & Trust
2018First Bank & TrustXN/A
2019Bank of Blue Valley X
Morrill & Janes Bank and Trust Company(9)
2019Rockford Bank and Trust CompanyXIllinois Bank & Trust
(1) The loans of Citizens Finance Co. were sold in the first quarter of 2019.
(2) First Community Bank branches were sold in the second quarter of 2019.
(3) Riverside Community Bank changed its name to Illinois Bank & Trust in 2014.
(4) Cottage Grove State Bank was renamed Wisconsin Community Bank upon acquisition and subsequently changed its name to Wisconsin Bank & Trust.
(5) Summit Bank & Trust changed its name to Centennial Bank and Trust upon the acquisition of Centennial Bank.
(6) Galena State Bank & Trust Co. was merged into Illinois Bank & Trust in 2015.
(7) Two Freedom Bank branches were sold in the second quarter of 2019.
(8) Centennial Bank and Trust changed its name to Citywide Banks upon the acquisition of Citywide Banks.
(9) Morrill & Janes Bank and Trust Company changed its name to Bank of Blue Valley upon the acquisition of Bank of Blue Valley.

Through acquisition and organic growth, our goal is to reach at least $1 billion in assets in each state where Heartland operates. As of December 31, 2019, Dubuque Bank and Trust Company, Illinois Bank & Trust, Wisconsin Bank & Trust, New Mexico Bank & Trust, Citywide Banks, Bank of Blue Valley and First Bank & Trust each have assets over $1 billion.

Due to changes in the competitive landscape and our customers' banking behaviors, we selectively sold, consolidated and closed branches in 2019 and 2018. We also sold the loans of our consumer finance company. These sales, consolidations, and closures resulted in the reduction of twelve bank branches and fourteen consumer finance offices across our footprint. We



anticipate these strategic activities will provide the resources to support our investments in areas that improve our customer experiences and fuel our organic growth. As a result of our ongoing branch optimization, we may complete additional, selective reductions in our branch network in the future.

Primary Business Lines

General
We are engaged in the business of community banking, and operate as a single business segment. Previously, we had operated as two business segments: community banking and retail mortgage banking services. We decided to fully outsource our legacy residential real estate lending business beginning in the fourth quarter of 2018, as more fully described in the section entitled "Residential Real Estate Mortgage Lending," and as a result, the retail mortgage banking services segment was eliminated.

Our Banks provide a wide range of commercial, small business and consumer banking services to businesses, including public sector and non-profit entities, and to individuals. We have a broad customer base and are not dependent upon a single or a few customers. We provide a contemporary menu of traditional and non-traditional service channels including online banking, mobile banking and telephone banking. Our Banks provide a comprehensive suite of banking services comprised of competitively priced deposit and innovative credit offerings, along with treasury management and private client services.

Our bankers actively solicit the business of new companies entering their market areas as well as established companies in their respective business communities. We believe that the Banks are successful in attracting new customers in their markets through professional service, a suite of comprehensive banking products, competitive pricing, innovative credit facilities, convenient locations and proactive communications. Our primary lines of business are described below.

Commercial Banking
Our Banks have a strong commercial loan base generated primarily through business networks and personal relationships in the communities they serve. The current portfolios of the Banks reflect the businesses in those communities and include a wide range of business loans, including lines of credit for working capital and operational purposes and term loans for the acquisition of equipment and real estate. Although most loans are made on a secured basis, loans may be made on an unsecured basis where warranted by the overall financial condition of the borrower. Generally, terms of commercial business loans range from one to five years.

Commercial bankers at the Banks provide a consultative customer-centric approach utilizing the comprehensive suite of banking products and services to deliver tailored solutions to the client in an organized and efficient manner both for the client and the bank. Bankers are trained and experienced in providing consultative solutions to clients to assist them in accomplishing their business strategies and objectives. The suite of banking services used to accompany this approach are developed to be at the highest level in the industry and can be customized to fit the objectives of the client.

Closely integrated with our loan programs is a significant emphasis on treasury management services that enhance our business clients' ability to monitor, accumulate and disburse funds efficiently. Our treasury management has five basic functions:

collection;
disbursement;
management of cash;
information reporting; and
fraud detection and prevention.

Our treasury management services suite includes online banking and bill payment, automated clearing house ("ACH") services, wire transfer, zero balance accounts, transaction reporting, lock box services, remote deposit capture, accounts receivable solutions, commercial purchasing cards, merchant credit card services, investment sweep accounts, reconciliation services, foreign exchange and several fraud prevention services, including check and electronic positive pay, and virus/malware protection service.




Many of the businesses in the communities we serve are small to mid-sized businesses, and commercial lending to small businesses has been, and continues to be, an emphasis for the Banks. The table below shows the certifications granted to the Banks from the United States Small Business Administration ("SBA") and United States Department of Agriculture (the "USDA") Rural Development Business and Industry loan program.
Bank
SBA
Express
Lender
SBA
Preferred
Lender
SBA
Export
Express
USDA
Certified
Lender
Dubuque Bank and Trust CompanyX
Illinois Bank & TrustX
Wisconsin Bank & TrustXXX
New Mexico Bank & TrustXXX
Arizona Bank & TrustX
Rocky Mountain BankXX
Citywide BanksX
Minnesota Bank & TrustX
Bank of Blue Valley XXX
Premier Valley BankXXX
First Bank & Trust XX

Our commercial loans are primarily made based on the identified cash flow of the borrower and secondarily on the underlying collateral provided by the borrower. We value the collateral for most of these loans based upon its estimated fair market value and require personal guarantees in most instances. The primary repayment risks of commercial loans are that the cash flow of the borrowers may be unpredictable, and the collateral securing these loans may fluctuate in value.

In order to limit underwriting risk, we are committed to ensuring that all loan personnel are well trained. We use a third-party assessment to assess the credit skills and training needs for our loan personnel, and we have developed specific individualized training. All new lending personnel are expected to complete a similar diagnostic training program. Centralized staff in the credit administration department assists all of the commercial and agricultural lending officers of the Banks in the analysis and underwriting of credit.

In addition to the lending personnel of the Banks reporting to their respective board of directors, we use an internal loan review function to analyze credits of the Banks and provide periodic reports to their boards of directors. To reduce the risk of loss, we have processes to help identify problem loans early, and we aggressively seek resolution of credit problems.

Heartland has a Special Assets group which focuses on resolving problem assets. Commercial or agricultural loans in a default or workout status are assigned to the Special Assets group. Special Assets personnel are also responsible for marketing repossessed properties and meet with representatives from each Bank on a quarterly basis.

Small Business Banking
Heartland's Small Business Lending Center is dedicated to serving the credit needs of small businesses with annual sales generally under $5 million. The Small Business Lending Center is designed to provide quick turnaround on small business customer credit requests on a wide variety of credit products. We believe that small businesses are an underserved market segment and see additional opportunity in serving this market with competitively priced deposit offerings and convenient electronic banking services, as well as wealth management, retirement plan services and brokerage services. The Banks have designated business bankers and banking center managers that serve the distinct banking needs of this customer segment.

Agricultural Loans
Agricultural loans are emphasized by those Banks with operations in and around rural areas, including Dubuque Bank and Trust Company, Rocky Mountain Bank, Wisconsin Bank & Trust's Monroe and Platteville banking centers, New Mexico Bank & Trust’s Clovis banking offices, Bank of Blue Valley's northeast Kansas banking offices, and First Bank & Trust. Agricultural loans constituted approximately 6% of our total loan portfolio at December 31, 2019. Dubuque Bank and Trust Company, Wisconsin Bank & Trust and Bank of Blue Valley are designated as Preferred Lenders by the USDA Farm Service Agency (the "FSA"). In making agricultural loans, we have policies designating a primary lending area for each Bank, in which a majority of its agricultural operating and real estate loans are made. Under this policy, loans in a secondary market area must be secured by real estate.




Agricultural loans, many of which are secured by crops, machinery and real estate, are provided to finance capital improvements and farm operations as well as acquisitions of livestock and machinery. Agricultural loans present unique credit risks relating to adverse weather conditions, loss of livestock due to disease or other factors, declines in market prices for agricultural products and the impact of government regulations. The ultimate repayment of agricultural loans is dependent upon the profitable operation or management of the agricultural entity.

In underwriting agricultural loans, the lending officers of the Banks work closely with their customers to review budgets and cash flow projections for the ensuing crop year. These budgets and cash flow projections are monitored closely during the year and reviewed with the customers at least annually. The Banks also work closely with governmental agencies, including the FSA, to help agricultural customers obtain credit enhancement products such as loan guarantees, interest assistance and crop insurance.

Residential Real Estate Mortgage Lending
Heartland’s residential real estate mortgage lending business experienced low and declining profitability over the past several years, and competitive changes have evolved in the residential real estate lending market, which would have required significant investments in technology and process changes for Heartland to remain competitive in this space. In response, Heartland decided to fully outsource its legacy residential real estate mortgage lending business, which was completed during the fourth quarter of 2018, by entering into arrangements with third parties to offer residential mortgage loans to customers in many of our markets. Additionally, in the second quarter of 2019, Heartland's Dubuque Bank and Trust Company subsidiary sold substantially all of its mortgage servicing rights portfolio. Residential mortgage loans originated after the transition through third parties are not being serviced by us.

With our acquisition in 2018 of First Bank & Trust in Lubbock, Texas, we acquired its wholly owned mortgage subsidiary, PrimeWest Mortgage Corporation. PrimeWest Mortgage Corporation was not included in the outsourcing changes and continues to provide mortgage loans to customers in Texas and has expanded to also serve the mortgage needs of our customers in several of our southwestern markets. PrimeWest Mortgage Corporation continues to service the loans it sells into the secondary market. At December 31, 2019, residential real estate mortgage loans serviced by PrimeWest Mortgage Corporation, primarily for government sponsored entities ("GSE"), totaled $616.7 million.

Retail Banking
A wide variety of retail banking services are delivered through our 115 banking centers. Services include checking, savings, money market accounts, certificates of deposit, individual retirement accounts ("IRAs"), health savings accounts ("HSAs") and consumer credit cards. Brokerage services, including fixed rate annuity products are also provided in many locations. Consumer lending services of the Banks include a broad array of consumer loans, including motor vehicle, home improvement, home equity lines of credit ("HELOC"), fixed rate home equity and personal lines of credit.

Our Banks continue to enhance our retail customers' banking experience through the addition of secure electronic banking options including on-line account opening and mobile banking. Our retail customers receive high-touch service in our banking center locations and further enjoy the convenience of on-line bill pay, mobile deposit, and 24-hour access to account detail. As technology advances, we are committed to offering our customers the convenience of online and mobile delivery channels with the security they expect.

Private Client Services
In most markets where the Banks operate, trust and investment services are offered to customers in the community. In the Heartland markets that do not yet warrant a full trust department, the sales and administration of trust and investment services is performed by Dubuque Bank and Trust Company personnel. As of December 31, 2019, total trust assets under management were $3.03 billion. Collectively, the Banks provide a full complement of trust, investment and financial planning services for individuals and corporations. Heartland also specializes in Retirement Plan Services, offering business clients customized 401(k), 403(b) and Profit Sharing plans.

Heartland has contracted with LPL Financial Institution Services, a division of LPL Financial, to operate independent securities brokerage offices at the majority of the Banks. Through LPL Financial, Heartland offers a full array of investment services including mutual funds, annuities, retirement products, education savings products, brokerage services, employer sponsored plans and insurance products. A complete line of vehicle, property and casualty, life and disability insurance is also offered by Heartland through DB&T Insurance, Inc. and Heartland Financial USA, Inc. Insurance Services.




B.      MARKET AREAS

Heartland is a geographically diversified company with a Midwestern and Western franchise, which balances the risk of regional economic fluctuations. In general, we view our Midwest markets as stable with slower growth prospects and the West as offering greater opportunities for growth accompanied by the potential of wider economic swings. We strive to balance the growth in our Western markets with the stability of our Midwestern markets. The following table sets forth certain information about the offices and total deposits of each of the Banks as of December 31, 2019, (dollars in thousands):
Charter
State
Bank
Name
Banking
Locations
Market
Areas
Served
Total
Bank
Deposits
IADubuque Bank and Trust Company6Dubuque MSA$1,290,756  
ILIllinois Bank & Trust2Galena $1,167,905  
2Jo Daviess County
6Rockford MSA
WIWisconsin Bank & Trust 3Madison MSA$941,109  
1Green Bay MSA
5Sheboygan MSA
2Milwaukee County
2Grant County
1Green County
NMNew Mexico Bank & Trust9Albuquerque MSA$1,565,070  
2Santa Fe MSA
3Clovis MSA
2Rio Arriba County
1Los Alamos County
AZArizona Bank & Trust 6Phoenix MSA$693,975  
MTRocky Mountain Bank2Billings MSA$468,314  
2Flathead County
1Gallatin County
1Ravalli County
1Jefferson County
1Sanders County
1Sheridan County




Charter
State
Bank
Name
Banking
Locations
Market
Areas
Served
Total
Bank
Deposits
COCitywide Banks11Denver MSA$1,829,217  
4Jefferson County
2Arapahoe County
2Boulder County
1Eagle County
1Grand County
1Clear Creek County
1Summit County
MNMinnesota Bank & Trust2Minneapolis/St. Paul MSA$574,369  
KSBank of Blue Valley 8Kansas City MSA$1,016,743  
1Nemaha County
2Brown County
1Atchison County
CAPremier Valley Bank 1Fresno MSA$707,814  
1Madera County
1Mariposa County
4San Luis Obispo County
1Tuolumne County
TXFirst Bank & Trust4Lubbock, TX MSA$893,419  
2Lynn County
1Mitchell County
1Scurry County

C.  COMPETITION

We face direct competition for deposits, loans and other financial related services. To compete effectively, develop our market share, maintain flexibility and keep pace with changing consumer preferences, business and economic conditions, we continuously refine and develop our banking products and services. We have found the principal methods of competing in the financial services industry are through personal service, product selection, convenience and technology.

The market areas of the Banks are highly competitive, and our competitors are comprised of other commercial banks, credit unions, thrifts, stock brokers, mutual fund companies, mortgage companies and loan production offices, insurance companies and on-line providers and other non-bank financial service companies. Some of these competitors are local, while others are regional, national or global.

Under the Gramm-Leach-Bliley Act, effective in 2000, securities firms and insurance companies that elect to become financial holding companies may acquire banks and other financial institutions. As a result of the enactment of the Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") in 2010, substantial changes to the regulation of bank holding companies and their subsidiaries have occurred, significantly changing the regulatory environment in which we operate. The Dodd-Frank Act originally mandated certain enhanced prudential standards for bank holding companies with greater than $50 billion in total consolidated assets as well as company-run stress tests for firms with greater than $10 billion in assets. On May 24, 2018, the Economic Growth, Regulatory Relief and Consumer Protection Act (the "Economic Growth Act") was signed into law. The Economic Growth Act exempted bank holding companies under $100 billion in assets from these requirements immediately upon enactment. This change shifts the increased costs of these requirements to bank holding companies with assets of $100 billion or more, removing a deterrent to merger and acquisition activity by institutions that were approaching $50 billion in assets.

The financial services industry is also likely to face heightened competition as technological advances enable more companies to provide financial services. These technological advances may diminish the importance of depository institutions and other financial intermediaries in the transfer of funds between parties.




We believe we are positioned to compete for loans effectively through the array and quality of the credit services we provide, and the high-touch, customer-centric way in which we provide them. We invest in building long-lasting customer relationships, and our strategy is to serve our customers above and beyond their expectations through excellence in customer service and providing banking solutions that are tailored to our customers’ needs. We believe that our long-standing presence and commitment to the communities we serve and the personal service we emphasize enhance our ability to compete favorably in attracting and retaining consumer and business customers. We continue to attract deposit-oriented customers by offering personal attention, combined with contemporary electronic banking convenience, professional service and competitive interest rates. The breadth of our product suite, coupled with our superior customer service, allows us to compete favorably with our larger competitors.

D. EMPLOYEES

At December 31, 2019, Heartland employed 1,908 full-time equivalent employees, none of whom are covered by a collective bargaining agreement.

E.  SUPERVISION AND REGULATION

General
Financial institutions, their holding companies, and their affiliates are extensively regulated under federal and state law. As a result, the growth and earnings performance of Heartland may be affected not only by management decisions and general economic conditions, but also by the requirements of federal and state statutes and by the regulations and policies of various bank regulatory authorities. Both the scope of the laws and regulations and the intensity of the supervision to which Heartland is subject have increased in recent years because of the increase in Heartland's asset size and the industry response to the financial crisis, as well as other factors such as technological and market changes. Regulatory enforcement and fines have also increased across the banking and financial services sector. Many of these changes have occurred as a result of the Dodd-Frank Act and its implementing regulations. While the regulatory environment has entered a period of rebalancing of the post financial crisis framework, notably with the passage of the Economic Growth Act, Heartland expects that its business will remain subject to extensive regulation and supervision.

As a bank holding company with subsidiary banks chartered under the laws of eleven different states, Heartland is regulated by the Board of Governors of the Federal Reserve System (the "Federal Reserve"). Each of the Banks is regulated by the FDIC as its principal federal regulator and one of the following as its state regulator: the Arizona State Banking Department (the "Arizona Department"); the California Department of Business Oversight, Division of Financial Institutions (the "California Division"); the Colorado Department of Regulatory Agencies, Division of Banking (the "Colorado Division"); the Illinois Department of Financial and Professional Regulation (the "Illinois DFPR"); the Iowa Superintendent of Banking (the "Iowa Superintendent"); the State Bank Commissioner of Kansas Division of Banking (the "Kansas Division"); the Minnesota Department of Commerce: Division of Financial Institutions (the "Minnesota Division"); the Montana Division of Banking and Financial Institutions (the "Montana Division"); the New Mexico Financial Institutions Division (the "New Mexico FID"); the Texas Department of Banking (the "Texas Division"); and the Division of Banking of the Wisconsin Department of Financial Institutions (the "Wisconsin DFI").

Federal and state laws and regulations generally applicable to financial institutions regulate, among other things, the scope of business, the kinds and amounts of investments, reserve requirements, capital levels, the establishment of branches, mergers and consolidations and the payment of dividends. This system of supervision and regulation establishes a comprehensive framework for the respective operations of Heartland and its subsidiaries and is intended primarily for the protection of the FDIC-insured deposits and depositors, consumers, the stability of the financial system in the United States, and the health of the national economy, rather than stockholders.

Federal and state banking regulators regularly examine Heartland and its subsidiaries to evaluate their financial condition and monitor their compliance with laws and regulatory policies. Following those exams, Heartland and the Banks are assigned supervisory ratings. These ratings are considered confidential supervisory information and disclosure to third parties is not allowed without permission of the issuing regulator. Violations of laws and regulations or deemed deficiencies in risk management practices may be incorporated into these supervisory ratings. A downgrade in these ratings could limit Heartland’s ability to pursue acquisitions or conduct other expansionary activities for a period of time, require new or additional regulatory approvals before engaging in certain other business activities or investments, affect a subsidiary bank’s deposit insurance assessment rate, and impose additional recordkeeping and corporate governance requirements, as well as generally increase regulatory scrutiny of Heartland.




Banking and other financial services statutes, regulations and policies are continually under review by Congress, state legislatures and federal and state regulatory agencies. In addition to laws and regulations, state and federal bank regulatory agencies may issue policy statements, interpretive letters and similar written guidance applicable to Heartland and its subsidiaries. Any change in the statutes, regulations or regulatory policies including changes in their interpretation or implementation, may have a material effect on the business of Heartland and its subsidiaries.

This section summarizes material elements of the regulatory framework that applies to Heartland and its subsidiaries. It does not describe all of the applicable statutes, regulations and regulatory policies that apply, nor does it disclose all of the requirements of the statutes, regulations and regulatory policies requirements that are described.

Economic Growth, Regulatory Relief and Consumer Protection Act

On May 24, 2018, the Economic Growth Act was signed into law, easing various regulatory requirements and reducing the cost of complying with the original Dodd-Frank Act.

Among other regulatory changes, the Economic Growth Act amends various sections of the Dodd-Frank Act, providing relief from Dodd-Frank’s enhanced prudential standards and regulatory and company-run stress tests. The Dodd-Frank Act originally mandated certain enhanced prudential standards for bank holding companies with greater than $50 billion in total consolidated assets as well as company-run stress tests for firms with greater than $10 billion in assets. As a result of the Economic Growth Act, bank holding companies with less than $100 billion in assets are no longer required to comply with Dodd-Frank requirements related to resolution planning, liquidity risk management, internal liquidity stress testing, the liquidity coverage ratio, debt-to-equity limits, and capital planning.
In addition, the Economic Growth Act increased the threshold for requiring a dedicated board risk committee from $10 billion in total consolidated assets (established under the Dodd-Frank Act) to $50 billion in total consolidated assets.
The Economic Growth Act amends the Volcker Rule by narrowing the definition of "banking entity" and revising the statutory provisions related to the naming of covered funds.
The Economic Growth Act provides that a depository institution must only assign a heightened risk weight to High Volatility Commercial Real Estate exposures as defined in the Economic Growth Act.
The Economic Growth Act also provides an exemption to the appraisal requirements for certain transactions with values of less than $400,000 involving real property or an interest in real property that is located in a rural area, as defined in the Economic Growth Act.

Most of the changes required by the Economic Growth Act applicable to bank holding companies with less than $100 billion in assets were effective upon adoption or have been effectively implemented by interim rules and regulatory policy statements. Furthermore, as required by the Economic Growth Act, in November 2019, the Federal Reserve and FDIC adopted rules further tailoring their supervision and regulation of large bank holding companies with more than $100 billion in assets.

The federal banking agencies indicated through interagency guidance that the capital planning and risk management practices of institutions with total assets less than $100 billion would continue to be reviewed through the regular supervisory process, which may offset the impact of the relief from stress testing and risk management requirements provided by the Economic Growth Act.

Regulation of Heartland

General
Heartland, as the sole shareholder of Dubuque Bank and Trust Company, New Mexico Bank & Trust, Rocky Mountain Bank, Wisconsin Bank & Trust, Illinois Bank & Trust, Arizona Bank & Trust, Citywide Banks, Minnesota Bank & Trust, Bank of Blue Valley, Premier Valley Bank and First Bank & Trust, is a bank holding company. As a bank holding company, Heartland is registered with, and is subject to regulation, supervision and examination by, the Federal Reserve under the BHCA. In accordance with Federal Reserve policy, Heartland is expected to act as a source of financial and managerial strength to the Banks and to commit resources to support the Banks in circumstances where Heartland might not otherwise do so. In addition, under the Dodd-Frank Act, the FDIC has backup enforcement authority over a depository institution holding company, such as Heartland, if the conduct or threatened conduct of the holding company poses a risk to the Deposit Insurance Fund, although such authority may not be used if the holding company is in sound condition and does not pose a foreseeable and material risk to the insurance fund.




Under the BHCA, Heartland is subject to examination by the Federal Reserve. Supervision and examinations are confidential, and the outcomes of these actions will not be made public. Heartland is also required to file with the Federal Reserve periodic reports of Heartland's operations and such additional information regarding Heartland and its subsidiaries as the Federal Reserve may require.

Acquisitions, Activities and Change in Control
The primary purpose of a bank holding company is to control and manage banks. The BHCA generally requires the prior approval of the Federal Reserve for any merger involving a bank holding company or any acquisition by a bank holding company. Subject to certain conditions (including certain deposit concentration limits established by the BHCA), the Federal Reserve may allow a bank holding company to acquire banks located in any state of the United States. In approving interstate acquisitions, the Federal Reserve is required to give effect to applicable state law limitations on the aggregate amount of deposits that may be held by the acquiring bank holding company and its insured depository institution affiliates in the state in which the target bank is located (provided that those limits do not discriminate against out-of-state depository institutions or their holding companies).

The BHCA generally prohibits Heartland from acquiring direct or indirect ownership or control of more than 5% of the voting shares of any company that is not a bank and from engaging in any business other than that of banking, managing and controlling banks, or furnishing services to banks and their subsidiaries. This general prohibition is subject to a number of exceptions. The principal exception allows bank holding companies to engage in, and to own shares of companies engaged in, certain businesses found by the Federal Reserve to be "so closely related to banking ... as to be a proper incident thereto." This authority permits bank holding companies, such as Heartland, to engage in a variety of banking-related businesses, including consumer finance, equipment leasing, mortgage banking, brokerage and the operation of a computer service bureau (which may engage in software development). Under the Dodd-Frank Act, however, any non-bank subsidiary would be subject to regulation no less stringent than the regulation applicable to the lead bank of the bank holding company. The BHCA generally does not place territorial restrictions on the domestic activities of non-bank subsidiaries of bank holding companies.

Additionally, bank holding companies that meet certain eligibility requirements prescribed by the BHCA may elect to operate as financial holding companies which may engage in, or own shares in companies engaged in, a wider range of nonbanking activities. As of the date of this Annual Report on Form 10-K, Heartland has not applied for approval to operate as a financial holding company.

Federal law also prohibits any person or persons acting in concert from acquiring "control" of an FDIC-insured institution or its holding company without prior notice to the appropriate federal bank regulator or any other company from acquiring "control" without Federal Reserve approval to become a bank holding company. "Control" is conclusively presumed to exist upon the acquisition of 25% or more of the outstanding voting securities of a bank or bank holding company, but may exist at 10% ownership levels for public companies, such as Heartland, and under certain other circumstances. Each of the Banks is generally subject to similar restrictions on changes in control under the law of the state granting its charter.

Capital Requirements
Bank holding companies and their subsidiary financial institutions are required to maintain minimum levels of capital in accordance with Federal Reserve and FDIC regulations. These requirements include quantitative measures that assign risk weightings to assets and off-balance sheet items and define and set minimum regulatory capital ratios. Failure to meet minimum capital requirements can initiate certain mandatory, and possible additional discretionary, actions by the federal banking regulators that, if undertaken, could have a material adverse effect on the financial condition and results of operations of a bank holding company and its subsidiaries. Federal banking regulators are required by law to take prompt action when institutions are viewed as engaging in unsafe or unsound practices or do not meet certain minimum capital requirements. In addition to other potential actions, failure to meet regulatory capital requirements would result in limitations on capital distributions as well as executive bonuses. The Federal Reserve, FDIC and applicable state banking regulators may determine that a banking organization, based on its size, complexity or risk profile, must maintain a higher level of capital in order to operate in a safe and sound manner. In addition, if a bank holding company is not well-capitalized, it will have difficulty engaging in acquisition transactions.

The regulations of the Federal Reserve and the FDIC as the primary regulator of state banks, separate capital into three components, Common Equity Tier 1 capital, Tier 1 or "Core" capital and Tier 2 or "Supplementary" capital, and test these capital components based on their ratio to assets and to "risk weighted assets." Common Equity Tier 1 capital consists of common stockholders' equity. Tier 1 capital generally consists of (a) common stockholders' equity, qualifying noncumulative preferred stock, and to the extent they do not exceed 25% of total Tier 1 capital, qualifying cumulative perpetual preferred stock and, for some institutions, trust preferred securities, and (b) among other things, goodwill and specified intangible assets, credit enhancing strips and investments in unconsolidated subsidiaries. Tier 2 capital includes, to the extent not in excess of Tier 1



capital, the allowance for loan losses, other qualifying perpetual preferred stock, certain hybrid capital instruments, qualifying term subordinated debt and certain trust preferred securities not otherwise included in Tier 1 capital. Risk weighted assets include the sum of specific assets of an institution multiplied by risk weightings for each asset class.

Under Basel III, the Federal Reserve's capital guidelines applicable to bank holding companies, like the regulations applicable to subsidiary banks, require holding companies to comply with a leverage requirement consisting of a minimum ratio of Tier 1 capital to total assets (the "Leverage Ratio") of 4.0%. The Basel III capital standard also requires a capital conservation buffer designed to absorb losses during periods of economic stress and composed entirely of common equity Tier 1 capital. Basel III requires a capital conservation buffer of 2.5% on top of the minimum risk-weighted asset ratios, resulting in three minimum risk-based capital ratios: (i) a Common Equity Tier 1 capital to risk-weighted assets ratio ("Common Equity Tier 1 Capital Ratio") of 7.0%; (ii) a Tier 1 capital to total risk-weighted assets ratio (the "Tier1 Capital Ratio") of 8.5% and (iii) a total capital to total risk-weighted assets ratio (the "Total Capital Ratio") of 10.5%. The Basel III Rules generally require that Common Equity Tier 1 capital include the effects of other comprehensive income adjustments, such as gains and losses on securities held to maturity, but allow institutions, such as Heartland, to make a one-time election not to include those effects. Heartland and its Banks elected not to include the effects of other comprehensive income in Common Equity Tier 1 capital.

If an institution grows beyond $15 billion in assets as a result of mergers or acquisitions, it loses its ability to include trust preferred securities in Tier 1 capital. Previously issued trust preferred securities are excluded from Tier 1 capital but remain included in Tier 2 capital. Heartland had $13.21 billion of assets as of December 31, 2019, and classified $145.2 million of trust preferred securities as Tier 1 capital. On February 11, 2020, Heartland announced the planned acquisition of AIM Bancshares, Inc., which had $1.78 billion in assets as of December 31, 2019. With the completion of this pending acquisition, Heartland is expected to exceed $15.0 billion in assets, and Heartland will no longer be able to include its trust preferred securities as Tier 1 capital. However, Heartland expects to remain well-capitalized under all regulatory capital ratio requirements after its assets exceed $15.0 billion.

Further, federal law and regulations provide various incentives for financial institutions to maintain regulatory capital at levels in excess of minimum regulatory requirements. For example, a financial institution generally must be "well-capitalized" to engage in acquisitions, and well-capitalized institutions may qualify for exemptions from prior notice or application requirements otherwise applicable to certain types of activities and may qualify for expedited processing of other required notices or applications. Additionally, one of the criteria that determines a bank holding company's eligibility to operate as a financial holding company is a requirement that both the holding company and all of its financial institution subsidiaries be "well-capitalized." In order to be "well-capitalized" a financial institution must maintain a Leverage Ratio of 5.0% or greater, a Common Equity Tier 1 Capital Ratio of 6.5% or greater, a Tier 1 Capital Ratio of 8.0% or greater, and a Total Capital Ratio of 10.0% or greater. As of December 31, 2019, Heartland had regulatory capital in excess of the Federal Reserve requirements for well-capitalized bank holding companies

In December 2018, the United States federal banking agencies finalized standards that permit bank holding companies and banks to phase-in, for regulatory capital purposes, the day-one impact as of January 1, 2020, of the new current expected credit loss accounting standard on retained earnings over a period of three years. For further discussion of the new current expected credit loss accounting standard, see Note 1 of the consolidated financial statements.

Stress Testing  
The Dodd-Frank Act requires certain institutions to conduct an annual "stress test" of capital and consolidated earnings and losses under a base case and two severely adverse stress scenarios. The Economic Growth Act raised the asset threshold for stress testing from $10 billion in average total consolidated assets to $100 billion for bank holding companies. As a result Heartland, as well as its Banks, are no longer subject to stress test regulations or any requirement to publish the results of stress testing. Despite elimination of this requirement, Heartland plans to continue to perform certain stress tests internally and incorporate the economic models and information developed through its stress testing program into its risk management and business planning activities.

Dividend Payments
Heartland's ability to pay dividends to its stockholders may be affected by both general corporate law consideration, minimum regulatory capital requirements and policies of the Federal Reserve applicable to bank holding companies. As a Delaware corporation, Heartland is subject to the limitations of the Delaware General Corporation Law (the "DGCL"), which allows Heartland to pay dividends only out of its surplus (as defined and computed in accordance with the provisions of the DGCL) or, if Heartland has no such surplus, out of its net profits for the fiscal year in which the dividend is declared and/or the preceding fiscal year. In addition, policies of the Federal Reserve suggest that a bank holding company should not pay cash dividends unless its net income available to common stockholders over the past year has been sufficient to fully fund the dividends and



the prospective rate of earnings retention appears consistent with its capital needs, asset quality, and overall financial condition. The Federal Reserve also possesses enforcement powers over bank holding companies and their non-bank subsidiaries to prevent or remedy actions that represent unsafe or unsound practices or violations of applicable statutes and regulations. Among these powers is the ability to proscribe the payment of dividends by banks and bank holding companies.

Regulation of the Banks

General
All of the Banks are state chartered, non-member banks, which means that they are all formed under state law and are not members of the Federal Reserve System. As a result, each Bank is subject to direct regulation by the banking authorities in the state in which it was chartered, as well as by the FDIC as its primary federal regulator.

Dubuque Bank and Trust Company is an Iowa-chartered bank. As an Iowa-chartered bank, Dubuque Bank and Trust Company is subject to the examination, supervision, reporting and enforcement requirements of the Iowa Superintendent, the chartering authority for Iowa banks.

Illinois Bank & Trust is an Illinois-chartered bank. As an Illinois-chartered bank, Illinois Bank & Trust is subject to the examination, supervision, reporting and enforcement requirements of the Illinois DFPR, the chartering authority for Illinois banks.

Wisconsin Bank & Trust is a Wisconsin-chartered bank. As a Wisconsin-chartered bank, Wisconsin Bank & Trust is subject to the examination, supervision, reporting and enforcement requirements of the Wisconsin DFI, the chartering authority for Wisconsin banks.

New Mexico Bank & Trust is a New Mexico-chartered bank. As a New Mexico-chartered bank, New Mexico Bank & Trust is subject to the examination, supervision, reporting and enforcement requirements of the New Mexico FID, the chartering authority for New Mexico banks.

Arizona Bank & Trust is an Arizona-chartered bank. As an Arizona-chartered bank, Arizona Bank & Trust is subject to the examination, supervision, reporting and enforcement requirements of the Arizona Department, the chartering authority for Arizona banks.

Rocky Mountain Bank is a Montana-chartered bank. As a Montana-chartered bank, Rocky Mountain Bank is subject to the examination, supervision, reporting and enforcement requirements of the Montana Division, the chartering authority for Montana banks.

Citywide Banks is a Colorado-chartered bank. As a Colorado-chartered bank, Citywide Banks is subject to the examination, supervision, reporting and enforcement requirements of the Colorado Division, the chartering authority for Colorado banks.

Minnesota Bank & Trust is a Minnesota-chartered bank. As a Minnesota-chartered bank, Minnesota Bank & Trust is subject to the examination, supervision, reporting and enforcement requirements of the Minnesota Division, the chartering authority for Minnesota banks.

Bank of Blue Valley is a Kansas-chartered bank. As a Kansas-chartered bank, Bank of Blue Valley is subject to the examination, supervision, reporting and enforcement requirements of the Kansas Division, the chartering authority for Kansas banks.

Premier Valley Bank is a California-chartered bank. As a California-chartered bank, Premier Valley Bank is subject to the examination, supervision, reporting and enforcement requirements of the California Division, the chartering authority for California banks.

First Bank & Trust is a Texas-chartered bank. As a Texas-chartered bank, First Bank & Trust is subject to the examination, supervision, reporting and enforcement requirements of the Texas Division, the chartering authority for Texas banks.

Deposit Insurance
The FDIC is an independent federal agency that insures the deposits, up to $250,000 per depositor, of federally insured banks and savings institutions and safeguards the safety and soundness of the commercial banking and thrift industries.




As FDIC-insured institutions, the Banks are required to pay deposit insurance premium assessments to the FDIC using a risk-based assessment system based upon average total consolidated assets minus tangible equity of the insured bank.

The Dodd-Frank Act directed that the minimum deposit insurance fund reserve ratio would increase from 1.15% to 1.35% by September 30, 2020, and that the cost of the increase be borne by depository institutions with assets of $10 billion or more. This requirement was met effective September 30, 2018, at which time the FDIC's reserve ratio exceeded 1.35%.

The Dodd-Frank Act also provides the FDIC with discretion to determine whether to pay rebates to insured depository institutions when its deposit insurance reserves exceed certain thresholds. Previously, the FDIC was required to give rebates to depository institutions equal to the excess once the reserve ratio exceeded 1.50%, and was required to rebate 50% of the excess over 1.35% but not more than 1.50% of insured deposits. In July 2016, the FDIC implemented rules for the reserve ratio requirements of the Dodd-Frank Act. Under the rules, banks with assets of less than $10 billion will receive assessment credits for the portion of their assessments that contribute to the increase in the reserve ratio from 1.15% to 1.35%. The FDIC will apply the credits each quarter that the bank's reserve ratio is at or above 1.38% to offset the regular deposit insurance assessments. The Banks had credits applied to their FDIC insurance assessments starting in the second half of 2019, and at December 31, 2019, the Banks had $1.2 million of credits remaining that will be applied to their FDIC insurance assessments in future periods.

In addition, all institutions with deposits insured by the FDIC were required to pay assessments to fund interest payments on bonds issued by the Financing Corporation ("FICO"), an agency of the federal government established to recapitalize the predecessor to the Savings Association Insurance Fund. The assessment rate for the first quarter of 2019 was 0.0140% of total assets. The assessment rate for the second quarter of 2019 was 0.0120% of total assets and was the final assessment payable as all outstanding FICO bonds were then retired.

Supervisory Assessments
Each of the Banks is required to pay supervisory assessments to its respective state banking regulator to fund the operations of that agency. In general, the amount of the assessment is calculated on the basis of each institution's total assets. During 2019, the Banks paid supervisory assessments totaling $1.2 million.

Capital Requirements
Like Heartland, under current federal regulations, each Bank is required to maintain the minimum Leverage Ratio, Common Equity Tier 1 Capital Ratio, Tier 1 Capital Ratio and Total Capital Ratio described under the caption "Heartland-Capital Requirements" above. The capital requirements described above are minimum requirements and higher capital levels may be required if warranted by the particular circumstances or risk profiles of individual institutions. For example, federal regulators may require additional capital to take adequate account of, among other things, interest rate risk or the risks posed by concentrations of credit, nontraditional activities or securities trading activities.

Federal law also provides the federal banking regulators with broad powe