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Basis of Presentation (Tables)
6 Months Ended
Jun. 30, 2012
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
Amounts used in the determination of basic and diluted earnings per share for the three-month and six-month periods ended June 30, 2012 and 2011, are shown in the table below:
 
Three Months Ended
(Dollars and number of shares in thousands, except per share data)
June 30, 2012
 
June 30, 2011
Net income attributable to Heartland
$
13,957

 
$
10,221

Preferred dividends and discount
(1,021
)
 
(1,336
)
Net income available to common stockholders
$
12,936

 
$
8,885

Weighted average common shares outstanding for basic earnings per share
16,474

 
16,427

Assumed incremental common shares issued upon exercise of stock options
244

 
142

Weighted average common shares for diluted earnings per share
16,718

 
16,569

Earnings per common share — basic
$
0.79

 
$
0.54

Earnings per common share — diluted
$
0.77

 
$
0.54

Number of antidilutive stock options excluded from diluted earnings per share computation
500

 
537


 
Six Months Ended
(Dollars and number of shares in thousands, except per share data)
June 30, 2012
 
June 30, 2011
Net income attributable to Heartland
$
26,798

 
$
14,458

Preferred dividends and discount
(2,042
)
 
(2,672
)
Net income available to common stockholders
$
24,756

 
$
11,786

Weighted average common shares outstanding for basic earnings per share
16,482

 
16,417

Assumed incremental common shares issued upon exercise of stock options
240

 
144

Weighted average common shares for diluted earnings per share
16,722

 
16,561

Earnings per common share — basic
$
1.50

 
$
0.72

Earnings per common share — diluted
$
1.48

 
$
0.71

Number of antidilutive stock options excluded from diluted earnings per share computation
$
500

 
537

Schedule of Status of Stock Options
A summary of the status of the stock options as of June 30, 2012 and 2011, and changes during the six months ended June 30, 2012 and 2011, follows:
 
2012
 
2011
 
Shares
 
Weighted-Average Exercise Price
 
Shares
 
Weighted-Average Exercise Price
Outstanding at January 1
570,762

 
$
21.06

 
672,721

 
$
20.27

Granted

 

 

 

Exercised
(33,333
)
 
11.38

 
(38,125
)
 
9.75

Forfeited
(7,667
)
 
21.72

 
(25,334
)
 
22.7

Outstanding at June 30
529,762

 
$
21.66

 
609,262

 
$
20.83

Options exercisable at June 30
482,712

 
$
21.96

 
470,078

 
$
20.55