-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 VPOlDSJWQAwaQHxQZRgWsumcdlUfwI1u8cDEUPoqGd2g0mNF+3kZXv/VtRehLUZq
 a633QK6hqIJ1xyHXtDmaHw==

<SEC-DOCUMENT>0001169232-07-001951.txt : 20070424
<SEC-HEADER>0001169232-07-001951.hdr.sgml : 20070424
<ACCEPTANCE-DATETIME>20070424090916
ACCESSION NUMBER:		0001169232-07-001951
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070416
FILED AS OF DATE:		20070424
DATE AS OF CHANGE:		20070424

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HILLS BANCORPORATION
		CENTRAL INDEX KEY:			0000732417
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				421208067
		STATE OF INCORPORATION:			IA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		131 MAIN ST
		CITY:			HILLS
		STATE:			IA
		ZIP:			52235
		BUSINESS PHONE:		3196792291

	MAIL ADDRESS:	
		STREET 1:		131 MAIN ST
		CITY:			HILLS
		STATE:			IA
		ZIP:			52235

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Donovan Michael S
		CENTRAL INDEX KEY:			0001397225

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12668
		FILM NUMBER:		07783138

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		319 679-2291

	MAIL ADDRESS:	
		STREET 1:		131 MAIN STREET
		CITY:			HILLS
		STATE:			IA
		ZIP:			52235
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>d07-71703_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2007-04-16</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000732417</issuerCik>
        <issuerName>HILLS BANCORPORATION</issuerName>
        <issuerTradingSymbol>HBIA.PK</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001397225</rptOwnerCik>
            <rptOwnerName>Donovan Michael S</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O HILLS BANCORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>131 MAIN STREET</rptOwnerStreet2>
            <rptOwnerCity>HILLS</rptOwnerCity>
            <rptOwnerState>IA</rptOwnerState>
            <rptOwnerZipCode>52235</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2009</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Owned with spouce</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1461</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Donovan &amp; Sons LTD over 10% Equity</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">New Director as of April 16, 2007</footnote>
    </footnotes>

    <remarks>James G. Pratt P.O.A. - Limited Power of Attorney for Section 16 Reporting Obligations - Dated April 16, 2007</remarks>

    <ownerSignature>
        <signatureName>/s/ Michael S. Donovan by James Pratt</signatureName>
        <signatureDate>2007-04-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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